The Battery Recycling Market to Accrue USD 23.07 Billion by 2032, Facilitated by Increasing Utilization of Electric Vehicles, States Extrapolate
The increasing demand for batteries in several applications such as appliances, electric vehicles, and electronic devices has propelled the market growth to recycle recently disposed batteries.
- The increasing demand for batteries in several applications such as appliances, electric vehicles, and electronic devices has propelled the market growth to recycle recently disposed batteries.
- Asia Pacific is anticipated to dominate the market, accounting for more than 50% of the global battery recycling market share due to the increased use of electric vehicles in the region.
- The Argonne National Laboratory of the DOE has become a leader in battery recycling on a global scale.
- The surging demand for using electric vehicles is anticipated to propel the replacement of older, less efficient batteries, which further bolsters the lithium-ion battery recycling market growth.