Experts predict that the 2025 battery recycling market will rise to $ 3.5 billion

　　Author ：Iflowpower – 便携式电站供应商

According to the latest report of "Circular Energy Bank" in London, the Lithium-ion battery market expiration of the global service life is expected to be 1.3 billion US dollars this year. The decomposition strats believe that the revenue of materials can be born with $ 1.

3 billion, another $ 23 million from repair, refurbishment and formulation. With the rise of my country's electric vehicle sales, the report predicted that 70% of the "secondary use" battery market futures from my country. South Korea has 16% of the share and is the second big contributor of the market.

It is expected that by 2025 battery recycling market will rise to $ 3.5 billion, and the secondary battery market will reach $ 4.2 billion.

Although the recycling battery is very common about portable devices, the EV battery can be delayed by "secondary use", such as in the energy storage system. The report pointed out that the EV battery has a considerable performance of the EV battery for energy storage in terms of capacity and remaining life cycles. After the end of the first service life, the EV battery can be placed in a static energy storage system at a residential and utility level.

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