Lithium-Ion Battery Recycling Plant Setup

Corpzo22 Apr, 2025Business

Based on the analysis conducted by Research and Analytics, the lithium-ion battery industry is anticipated to experience a substantial annual growth rate of 37.5% from 2022 onwards. This growth is expected to lead to an increased generation of end-of-life batteries. The report highlights a significant projection that, by 2030, electric vehicle (EV) batteries will constitute 80% of the lithium-ion battery market. Presently, the EV sector accounts for 35% of the market, with the remaining share utilized in the telecom sector, data centers, street lights, and other small consumer applications.