The market for the lithium-ion battery recycling market is to projected to grow from USD 12.2 billion in 2025. In the latter part of the forecast period, the lithium-ion battery (LIB) recycling market is expected to dominate the global battery recycling market for different types of battery recycling technology, largely due to the need for and capability of lithium-ion batteries, such as a favorable capacity-to-weight ratio. In addition, growing issues about the management of battery waste and strict government policies clubbed with the rise in lithium-ion battery use due to decreased lithium-ion battery costs and increasing acceptance of electric vehicles are expected to push the recycling demand for lithium-ion batteries during the forecast timeframe.
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However, raw materials for the manufacture of lithium-ion batteries are available at a low cost, although recycling rates are high. High prices, along with the lack of a good supply chain and poor battery recycling yield, are likely to hamper the development of the demand for battery recycling during the forecast era.
The North America region is expected to lead the lithium-ion battery recycling industry in terms of both value and volume from 2025 to 2030. The US and Canada are the major lithium-ion battery recycling markets in the North American area. Demand for lithium-ion battery recycling is the highest in this field, and this trend is expected to continue over the 2019-2024 and 2025-2030 forecast period. This rise can be partly due to the strict regulations enforced by the Environmental Protection Agency (EPA) on air quality standards in the area.
Core strategies such as company expansion and product growth have been embraced by major players operating in the global lithium-ion battery recycling industry to improve their market outreach and sustain stiff competition in the sector. Increasing spending in services is projected to have a negative effect on demand in developing countries, including Germany and France. Given regulatory support to encourage domestic investment, the positive outlook for China and India's manufacturing industries is projected to play a crucial role in advancing market growth for smart recycling of lithium-ion batteries..
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Key Segments of the Global Lithium-ion Battery Recycling Market
Battery Chemistry Overview, 2018-2028 (USD Billion) (Tons)
Lithium-nickel Manganese Cobalt
Lithium-iron phosphate
Lithium-Manganese Oxide
LTO
NCA
LCO
Application Overview, 2018-2028 (USD Billion) (Tons)
Automotive
Marine
Industrial
Power
Regional Overview, 2018-2028 (USD Billion) (Tons)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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The global electrical insulation tapes market is set to grow astonishingly in the near future owing to the increasing demand for energy.
Besides, the modernizations of the conventional electrical infrastructure and existing grids would affect the market positively.This information is given by Fortune Business Insights™ in a recently published report, titled, “Electrical Insulation Tapes Market Size, Share & Industry Analysis, By Material (PVC, Glass cloth, PET, and Others), Application (Electrical & Electronics, Aerospace, Industrial and others), and Regional Forecast, 2020-2027.” The report further states that the electrical insulation tapes market size was USD 12.8 billion in 2019 and is projected to reach USD 15.2 billion by 2027, exhibiting a CAGR of 4.04% during the forecast period.The outbreak of the COVID-19 pandemic is creating huge losses for several companies across the globe.
Numerous healthcare organizations are striving to invent a vaccine to cure coronavirus.
This Report Answers the Following Questions:What are the opportunities and challenges in the market?Which company is set to dominate the market?What are the vital strategies implemented by key companies?What are the market drivers, dynamics, and obstacles?Drivers & Restraints-Increasing Demand for Consumer Electronics to Drive GrowthElectrical insulation tapes are extensively used in the manufacturing of white goods and consumer electronics.
These factors are expected to propel the electrical insulation tapes market growth in the coming years.However, the outbreak of the COVID-19 pandemic is presently disrupting the supply chains of a wide range of industries and electrical insulation tape is not an exception.
Another major cause of this is the halt of electricity grid modernization projects in numerous countries as the governments are applying those funds for other essential projects.Segment-Aerospace Segment to Exhibit Significant Growth Backed by Rising Fleet in Asia PacificBased on application, the market is fragmented into industrial, aerospace, electrical & electronics, and others.
The Battery Recycling Market is projected to grow from USD 17.2 billion in 2020 to USD 23.2 billion by 2025, at a CAGR of 6.1% from 2020 to 2025.The major reasons for the growth of the battery recycling market include rising concerns regarding depleting precious and rare earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA (Environmental Protection Agency) guidelines.By chemistry, lead-acid segment to register the highest CAGR during the forecast period.By chemistry, the lead-acid segment is projected to register the highest CAGR from 2020 to 2025.
The growth of this segment is attributed mainly to the simpler, cost-effective, and energy-efficient recycling of lead-acid batteries in comparison to others, as lithium-based and nickel-based chemistries.Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=147696175By source, automotive batteries segment to lead the battery recycling market during the forecast period.By source, the automotive batteries segment led the battery recycling market in 2019.
This segment is also expected to witness significant growth during the forecast period owing to the rising use of automobiles and the growing number of government regulations related to battery recycling.
The demand for automobile batteries has significantly increased in emerging regions, such as Asia Pacific, thereby augmenting the growth of the automotive batteries segment.Asia Pacific to witness the highest growth rate in the battery recycling market.The battery recycling market in Asia Pacific is projected to witness the highest CAGR from 2020 to 2025.
In this region, the battery recycling market is majorly driven by China.
Other key countries include India, Japan, and South Korea.Some of the leading players operating in the battery recycling market include Call2Recycle, Inc. (US), Battery Solutions, LLC (US), Exide Technologies (US), Umicore (Belgium), Exide Industries Ltd. (India), Contemporary Amperex Technology Co. Ltd. (CATL) (China), GEM Co., Ltd. (China), EnerSys (US), Johnson Controls International plc (US), Aqua Metals, Inc. (US), Retriev Technologies Inc. (US), Gravita India Limited (India), ECOBAT Logistics (UK), Fortum Oyj (Finland), Teck Resources Limited (Canada), American Manganese Inc. (Canada), Glencore International AG (Switzerland), TES-AMM Singapore Pte Ltd (Singapore), RSR Corporation (US), COM2 Recycling Solutions (US), East Penn Manufacturing Company, Inc. (US), The Doe Run Company (US), Raw Materials Company Inc. (RMC) (Canada), Neometals Ltd (Australia), Terrapure Environmental (Canada), and Gopher Resource LLC (US).
Market Insights:Market Research Future (MRFR)’s latest study reveals that the global Wireless Power Transfer Market is set to thrive at an exponential CAGR of 24% during the forecast period 2016 to 2022.
Furthermore, the excessive need for efficient charging systems, reliability, low maintenance cost, etc.
has intensified the adoption of wireless power transmission solutions.
The trend is poised to perpetuate in the upcoming years.The growth of the consumer electronics industry directly reflects on the expansion of the Wireless Power Transfer Market.
However, high cost associated with wireless power technology remains an impediment to the proliferation of the wireless power transmission market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2341Key PlayersThe key players of Wireless Power Transfer Market report include Ossia, Inc. (U.S.), Wi-Charge Ltd. (Israel), Energous Corporation (U.S.), Humavox Ltd. (Israel), Fulton Innovation LLC (U.S.), Qualcomm Inc. (U.S.), Texas Instruments Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Semtech Corp. (U.S.), Toshiba Corp. (Japan) and others.SegmentsThe Global Wireless Power Transmission market has been segmented on the basis of technology, receiver, transmitter and region.
By technology, the market has been bifurcated into Inductive, Magnetic Resonance, Conductive, RF among others.
