South Korea Electric Vehicle (ev) Battery Recycling Market Size & Outlook
South Korea electric vehicle (ev) battery recycling market, 2018-2030 (US$M)
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South Korea electric vehicle (ev) battery recycling market highlights
- The South Korea electric vehicle (ev) battery recycling market generated a revenue of USD 15.2 million in 2023 and is expected to reach USD 498.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 64.6% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating application in 2023.
- Lithium ion is the most lucrative application segment registering the fastest growth during the forecast period.
Electric vehicle (ev) battery recycling market data book summary
| Market revenue in 2023 | USD 15.2 million |
| Market revenue in 2030 | USD 498.3 million |
| Growth rate | 64.6% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Lithium ion |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium ion, Lead Acid |
| Key market players worldwide | GFL Environmental Inc, EXIDE Industries, Battery Solutions, Gopher Resource, Ecobat, East Penn Manufacturing Co, Retriev Technologies, Com2 Recycling Solutions, Call2Recycle, Gravita India Ltd |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.2% of the global electric vehicle (ev) battery recycling market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China electric vehicle (ev) battery recycling market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 234.9 million by 2030.
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Electric Vehicle (EV) Battery Recycling Market Scope
Electric Vehicle (EV) Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea electric vehicle (ev) battery recycling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle (ev) battery recycling market will help companies and investors design strategic landscapes.
Lithium ion was the largest segment with a revenue share of 57.24% in 2023. Horizon Databook has segmented the South Korea electric vehicle (ev) battery recycling market based on lithium ion, lead acid covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electric vehicle (ev) battery recycling market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea electric vehicle (ev) battery recycling market , including forecasts for subscribers. This country databook contains high-level insights into South Korea electric vehicle (ev) battery recycling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea electric vehicle (ev) battery recycling market size, by application, 2018-2030 (US$M)
South Korea Electric Vehicle (EV) Battery Recycling Market Outlook Share, 2023 & 2030 (US$M)
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