CTECHI is an expert in battery solutions, specializing in ODM, OEM, and SKD for energy storage, motive power, and consumer batteries.

Experts predict that the battery recycling market will rise to 3.5 billion U.S. dollars in 2025

2021-09-27

CTECHi

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According to the latest report of a research and advisory group 'Circulating Energy Storage' in London, the global lithium-ion battery market at the end of its service life this year is expected to be worth 1.3 billion US dollars. The decomposers believe that US$1.1 billion in revenue can be generated through material recycling, and the other US$230 million will come from repair, refurbishment and preparation. With the increase in sales of electric vehicles in my country, the report predicts that 70% of the 'second-use' battery market does not come from my country. South Korea has a 16% share and is the second largest contributor to the market. It is estimated that by 2025, the battery recycling market will rise to 3.5 billion U.S. dollars, and the secondary battery market will reach 4.2 billion U.S. dollars. Although recycled batteries are very common for portable devices, EV batteries can be used to delay recycling through 'secondary useThe report pointed out that in terms of capacity and remaining life cycle, EV batteries have quite good performance and can be used for energy storage. After the end of the first service life, EV batteries can be placed in residential and utility-level static energy storage systems. Experts in the technical zone predict that the battery recycling market will rise to 3.5 billion U.S. dollars in 2025 It only takes three steps to reduce power supply ripple noise

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