The Future of Battery Recycling: Trends and Forecasts
If you have noticed the rising energy needs, you might have also noticed the upsurge in technological progress accompanying it. In this whole process, lithium-ion batteries have paved their way as the powerhouses behind the clean energy transition. Starting from mobile phones to renewable energy storage, batteries play a vital role in making us stay connected and sustainable. However, the immense growth in battery consumption has resulted in the inquiry into the proper ways of disposing of these batteries so that it doesn’t affect the ecology. In the whole course of understanding the correct way of battery waste disposal, the battery waste rules have been created. To talk about some forecasts, the global battery recycling market is valued at USD 26.9 billion in 2023 and is projected to reach USD 54.3 billion by 2030, thereby showing a growth of 10.5% CAGR during the forecast period. The market has observed steady growth throughout the study period and is expected to continu...