Lithium Battery Recycling Industry is Expected to Reach $8 Billion by 2028 -Batrec, Brunp Recycling, Duesenfeld, GEM, International Metals Reclamation Company, Raw Materials Company, Retriev Technologies, SungEel HiTech, Taisen Recycling, Tes-Amm, Umicore
The Lithium Battery Recycling Industry in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and target of 175 GW installation of renewable energy by 2022. JMK Research estimates the annual lithium-ion battery market in India to increase at a CAGR of 37.5% to reach 132 GWh in 2030. Cumulative lithium-ion battery market size is estimated to increase from 2.9 GWh in 2018 to reach to about 800 GWh by 2030.
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The Lithium Battery Recycling market industry report includes details about the historical analysis of the Lithium Battery Recycling market, which has the timeline from 2017 to 2020. The current status of the Lithium Battery Recycling market is also well discussed in the report along with the forecast market analysis till 2030. The report begins with the basic Lithium Battery Recycling market overview, which includes the market definition, market scope, and the target audience. In the later section, the market dynamics is defined extensively, which includes market drivers, restraints, opportunities, challenges, market advancements in terms of technology and others.
Some of the Major Key players profiled in the study are Batrec, Brunp Recycling, Duesenfeld, GEM, International Metals Reclamation Company, Raw Materials Company, Retriev Technologies, SungEel HiTech, Taisen Recycling, Tes-Amm, Umicore
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Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the research, development, and manufacturing of Lithium Battery Recycling in countries including China, Japan, India, and South Korea.