EV Battery Market Share: Global Growth & 2035 Outlook
The global EV battery market is undergoing rapid transformation, with market share increasingly concentrated among top manufacturers and regions. Major players like CATL, BYD, and LG Energy Solution dominate the competitive landscape: as of mid-2024, CATL leads with a commanding 37.8% global market share, followed by BYD at 15.8% and LG Energy Solution holding a smaller, but substantial, portion.
The...
Factors that Impact on the Lithium-ion Battery Recycling Market Industry in Upcoming Years !
The global lithium-ion battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030, at a CAGR of 19.6% during the forecast period 2021-2030. The increase in electric-drive vehicles (EDVs) and their battery packs reaching end-of-life (EoL) present a major opportunity to the lithium-ion battery recycling market. Subsidies to encourage battery recycling and...
Call2Recycle, and Umicore (Belgium) are leading players in Battery Recycling Market
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...