
Global Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 22.1% from 2019 to 2026. China is the major player in the lithium ion battery market; while North America, Europe also accounts for the major share in the global lithium ion battery market.
Request Sample:
Market Introduction and Market Dynamics
Recycling and reusing of batteries is called battery recycling. Due to its high
energy density and low discharging capability, the battery of lithium-ion is on
high demand The lithium ion battery mainly used in various industries like
marine, automotive and industrial power, and others. A sudden increase in the
demand for the electric automobile sector for the lithium battery is a major
dominating factor in the global market. The raw material we used for an
electric vehicle is the lithium ion battery thereby the growth in the electric
vehicle automatically boosts the market. Further, the research and development
in the lithium ion battery recycling process boost the market in the estimated
period. However, some of the disadvantages like overheating lithium batteries
pose a threat to industrial security along with the inadequate charging
infrastructure and various options to lithium batteries in the market may
hamper the market. In order to protect the environment & high compliance to
the government regulations are seen in the growing adoption of the recycling
program of such batteries.
Market Segmentation and Crisp Analysis
The global lithium ion recycling market is segmented into industry, technology,
chemistry & geography. By technology, the market is divided into
physical/mechanical processes, pyrometallurgical processes, hydrometallurgical
processes, and others. By industry, the market is divided into marine, automotive
& industrial power and others. By chemistry, the market is divided into
lithium iron, lithium manganese, lithium –cobalt & others.
Regional Segmentation and Crisp Analysis"
Author Signature :
Writer, Researcher, Digital marketer, Working in a market research firm
Random Articles














