North America EV battery reuse and recycling market is expected to grow by 52.2% annually in the forecast period and reach $1,148.5 million by 2027 driven by reducing battery waste and costly battery disposal, demand for electric vehicles, and focus on sustainable transportation. EV batteries, even at the end of service, are able to store almost 70% of their original capacity, which can be repurposed to be used in newer applications. Like electric grids and communication towers, solar farms, wind farms, and other renewable sources.Rising demand for recycled products and materials is expected to drive the growth of the electric vehicle battery recycling market. Growing environmental concerns and fuel prices have accelerated demand for electric vehicles, resulting in a rise in electric vehicle battery demands. This will in turn create demand for newer batteries or recycled batteries for which the need arises.The deficiency of battery recycling facilities and the high capital requirement for establishing new technologies for reuse and recycling may restrict the market. Battery recycling needs have arisen due to toxins found in water pollution as a result of disposal of electric vehicle batteries in a normal manner. It would help reduce pollution levels in the environment.
A revolution in consumer electronics and automobiles has led to a shift to battery-powered devices and vehicles. The growing use of electric vehicles coupled with an increasing number of batteries reaching their end of life has led to a rise in demand for recycling. However, high capital investments may hinder market growth. The lack of a proper regulatory framework to recycle battery materials may restrict recycling of batteries. E-waste recycling in the U.S. is regulated at the state level, with only half of them actually having recycling laws in place.
Highlighted with 24 tables and 44 figures, this 103-page report “North America Electric Vehicle Battery Reuse and Recycling Market 2020-2027 by Category, Battery Type, EV Type, End Use, and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire North America EV battery reuse and recycling market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2020 and provides forecast from 2021 till 2027 with 2020 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America EV battery reuse and recycling market in every aspect of the classification from perspectives of Category, Battery Type, EV Type, End Use, and Country.
Based on Category, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
Reuse of EV Batteries
Recycling of EV Batteries
• Hydro-metallurgical Process
• Pyro-metallurgical Process
• Other Processes
Based on Battery Type, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Lithium-ion Batteries
• Nickel-metal Hydride Batteries
• Lead-acid Batteries
• Other Battery Types
Based on EV Type, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
Based on End Use, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Electric Cars
• Electric Buses
• Energy Storage Systems
• Other End Uses
Geographically, the following national/local markets are fully investigated:
For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of key national markets by Category, Battery Type, and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America EV battery reuse and recycling market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
ACCUREC Recycling GmbH
American Manganese Inc.
G & P Service
Nissan Motor Co. Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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