The recent increase in demand for fuel efficient vehicles due to rising gasoline and diesel prices is a factor expected to drive the growth of the global market.
DOUGLAS, Isle of Man, Nov. 1, 2022 /EINPresswire.com/ — Market size analysis for electric vehicle battery reuse and recycling:
The global electric vehicle battery reuse and recycling market is expected to grow at a CAGR of over XX% during the forecast period 2018-2028. Growing concerns over the environmental impact of automotive batteries and the need for sustainable mobility solutions are expected to boost the market growth.
Electric vehicle batteries can be reused and recycled for a variety of applications, including energy storage, grid stabilization, and load leveling. Recycling electric vehicle batteries helps reduce the environmental impact of vehicle batteries and conserves natural resources.
The COVID-19 outbreak has had a major impact on the electric vehicle battery reuse and recycling market. The market is expected to grow at a CAGR of XX% during the forecast period (2018-2028).
The COVID-19 outbreak has reduced demand for electric vehicles as consumers shift their focus to essentials and services. This has led to a decrease in the production of electric vehicles and consequently a decrease in demand for the batteries used in these vehicles. However, the market is expected to recover from the impact of the pandemic as the auto industry recovers.
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Segmentation included in the report:
By battery type
• Lithium-ion battery
• Lithium battery chemistry
• Manufacture of lithium-ion batteries
・Recycling of used lithium-ion batteries Thorough recycling method for lithium-ion batteries used in one process
• Lithium-ion battery manufacturers
• Ni-MH battery
• Recycling Ni-MH batteries
• Electric car
• Lead acid battery
• Recycling lead-acid batteries
By EV type
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Driving a hybrid electric vehicle
• Plug-in hybrid electric vehicles (PHEV)
• Operating a plug-in hybrid electric vehicle (PHEV)
• Fuel cell electric vehicle (FCEV)
By end use
• Passenger car
• Environmental factors
• commercial vehicles
• Types of EV trucks
• Energy storage
• Vehicle-to-Grid (V2G) technology
• Batteries for electric vehicles and energy storage
Electric vehicle battery reuse and recycling market drivers:
Increased demand for fuel efficient vehicles as a result of rising cost of gasoline and diesel is expected to drive the global market during the forecast period. In addition, demand for thermal cooling, energy efficient battery powered devices, and stringent emissions and fuel regulations are likely to stimulate the market. In addition, increased production of electric vehicles and efforts to reduce reliance on fossil fuels may boost market efforts. However, high initial costs and lack of battery recycling facilities hinder the market. Additionally, security risks associated with battery collection and disposal may hamper the market despite efforts to limit emissions.
The North American electric vehicle battery reuse and recycling market is expected to generate $XX million by 2028. This market is expected to grow at a CAGR of XX% during the forecast period.
Rising environmental concerns related to battery waste management are expected to drive the market over the forecast period. Electric vehicles are powered by lithium-ion batteries and can pose a threat to the environment if not disposed of properly. Recycling and reuse of these batteries will help mitigate this threat to the environment.
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Key Players Profiled in Market Report:
The Electric Vehicle Battery Reuse and Recycling Market report includes detailed profiles of key players in the market. The key players profiled in the report are:
• ACCUREC-RECYCLING GMBH
• American Manganese Company
• Battery Solutions LLC
• BMW Group
• China Lithium Battery Technology Co., Ltd.; (CALB)
• G&P battery
• LI-CYCLE CORP.
• Nissan Motor Co., Ltd.
• Search technology
• Toshiba Corporation
These players employ different strategies to gain a competitive edge in the market.
Key questions answered in this report
• Covid 19 impact analysis on the global electric vehicle battery reuse and recycling industry.
• What are the current market trends and dynamics in the Electric Vehicle Battery Reuse & Recycling market and the valuable opportunities for start-ups?
• What is driving the electric vehicle battery reuse and recycling market?
• What are the main challenges to market growth?
• Which segment will account for the fastest CAGR during the forecast period?
• Which product type segment holds the greater market share and why?
• Are low- and middle-income countries investing in electric vehicle battery reuse and recycling markets?
• Major growth pockets based on regions, types, applications and end-users
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, Middle East and Africa?
Unique data points in this report
• Statistics on reuse and recycling of electric vehicle batteries and worldwide spending
• Recent trends in different regions for the adoption of reuse and recycling of electric vehicle batteries across the industry
• Notable developments underway in the industry
• Attractive investment proposition across regions as well as segments
• Comparison scenarios for all segments in 2018 (actual) and 2028 (forecast)
table of contents:
Chapter 1 Executive Summary
1.2. Global and Segment Market Estimates and Forecasts, 2019-2027 (Billion USD)
1.2.1. Global Electric Vehicle Battery Thermal Management Systems Market, By Region, 2019-2027 (Billion USD)
1.2.2. Global Electric Vehicle Battery Thermal Management Systems Market, By System Type, 2019-2027 (USD Billion)
1.2.3. Global Electric Vehicle Battery Thermal Management System Market, By Application, 2019-2027 (Billion USD)
Chapter 2 Global Electric Vehicle Battery Thermal Management System Market Definition and Scope
2.1. Purpose of research
2.2. Market definition and scope
2.2.1. Scope of investigation
2.2.2. Industry evolution
2.3. Years considered for study
2.4. Currency conversion rate
Chapter 3 Global Electric Vehicle Battery Thermal Management System Market Dynamics
3.1. Electric Vehicle Battery Thermal Management Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
126.96.36.199. Increased Adoption of Electric Vehicles
188.8.131.52. Increasing Government Initiatives to Boost the Economy and Improve Infrastructure
3.1.2. Market challenges
184.108.40.206. Fast charging generates more heat
3.1.3. Market Opportunities
220.127.116.11. Increasing technological progress in the field of battery management
Chapter 4 Industry Analysis of Global Electric Vehicle Battery Thermal Management System Market
4.1. Porters 5 Force Model
4.1.1. Bargaining power of suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of new entrants
4.1.4. Threat of substitutes
4.1.5. Competitive Competition
4.1.6. A Futuristic Approach to Porter’s Five Forces Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Recruitment Model
4.4. Analyst Recommendations and Conclusions
5. Global Electric Vehicle Battery Thermal Management System Market by System Type
5.1. Market Snapshot
5.2. Global Electric Vehicle Battery Thermal Management System Market by System Type, Performance – Potential Analysis
5.3. Estimation and Forecast of Global Electric Vehicle Battery Thermal Management Systems Market by System Type, 2018-2027 (USD Billion)
5.4. Electric Vehicle Battery Thermal Management System Market, Subsegment Analysis
Chapter 6 Global Electric Vehicle Battery Thermal Management System Market, by Application
6.1. Market Snapshot
6.2. Global Electric Vehicle Battery Thermal Management System Market by Application, Performance – Potential Analysis
6.3. Estimation and Forecast of Global Electric Vehicle Battery Thermal Management System Market by Application, 2018-2027 (USD Billion)
6.4. Electric Vehicle Battery Thermal Management System Market, Subsegment Analysis
6.4.1. Passenger car
6.4.2. Commercial Vehicles
*More companies can be added in the detailed report.
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