Categories: Top News

Recycled Lithium-ion Batteries

(adsbygoogle = window.adsbygoogle || []).push({});

Manufacturers are looking into the recycling of lithium-ion batteries, a market that is growing.

Recycled Li-ion batteries are expected to provide a regular supply of raw materials, such as lithium and cobalt.

In return, this will reduce the dependency on mining and processing materials. 

The recycling of lithium-ion batteries currently in use in electric vehicles may help refine the materials to produce a type of lithium-ion batteries that can be used in energy storage systems (ESS).

Well, Li-ion batteries can be recharged hundreds of times and have a higher energy density, voltage power and lower self-discharge rates than other rechargeable batteries. 

This increases power efficiency because a single cell battery has more charge retention than other forms of batteries. 

These are the reasons why the recycling of Li-ion batteries are fuelling the growth of the market size.

Experts say the market size will grow to $129 billion by 2027.




The Lithium-Ion Battery Market is segmented by Component(Cathode, Anode, Electrolytic Solution, and Others), End-use Industry [Electrical & Electronics (Smartphones &Tablet/PC, UPS, and Others) and Automotive (Cars, Buses, &Trucks; Scooters & Bikes;and Trains & Aircraft), and Industrial (Cranes & Forklift, Mining Equipment, and Smart Grid & Renewable Energy Storage). Phew!

The global lithium-ion battery market was valued at USD 36.7 billion in 2019.

Major factors driving the growth of lithium-ion battery market size are growing R&D initiatives, increasing consumer electronics adoption, increasing demand for plug-in vehicles, rising need for automation, and battery-operated material-handling equipment in industries.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1G27/lithium-ion-battery

 

(adsbygoogle = window.adsbygoogle || []).push({});
(adsbygoogle = window.adsbygoogle || []).push({});

WFTV

Recent Posts

A Long Week In Politics For Anwar Ends Well

A massive divide between the races in the voting patterns that have left Anwar with…

2 days ago

Anwar Is Fighting Rising Prices With Targeted Subsidies

Nevertheless, Anwar has said he plans to introduce a programme that will include targeted subsidies…

1 week ago

APEC: China’s Return To The Global Supply Chains

The question to ask is whether there are one too many free trade agreements around…

2 weeks ago

RCEP Came At A Good Time

After the upsets with the South China Sea disputes, we now have certain normalcy, which…

2 weeks ago

US Popularity In The Asean region

In Vietnam, the sentiments can be different because they see the Chinese encroachments in the…

3 weeks ago

New Views On Asean Plus Three and China

Asean plus three is still important for the Asean but with China's dominance, so to…

3 weeks ago