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Waste generation has been identified as the fast-growing problem causing significant environmental and health hazard owing to changing modern societies, especially in the urban regions of the world. Traditional waste management practices face significant challenges in terms of overflowing waste bins and ineffective route planning. With 68% of the w...

The circular economy approach involves initiatives across material and product life cycles, supporting sustainable resource consumption and waste prevention by assimilating high-tech solutions. The global resource management sector is transitioning toward greater digital technology adoption using disruptive smart technologies and platform-based sol...

Increasingly stringent emission regulations and growing environmental awareness has been driving widespread adoption of clean energy solutions adhering to low carbon protocols. On the other side, growing urbanization and industrialization across the globe, which has led towards growth in consumption of goods, and materials, has resulted in a waste ...

03 Jul 2019  |  Global  |  Market Research

Growth Opportunities in the Circular Economy for Global Electric Vehicle Battery Reuse (Second-life) and Recycling Market, Forecast to 2025

Reuse Currently Dominates the Market with Recycling Expected to Significantly Drive Market Growth from 2021 Onwards

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The global electric vehicle reuse and recycling market stands at $61.5 million as of 2018 and is expected to reach $7809.1 million by 2025, recording a CAGR of 99.8%. The reuse segment is currently in full swing in terms of revenue; however, over the years, recycling of EV batteries is going to gain traction. With escalating metal prices specially ...