Energy storage battery scrap price

What is the new data set on battery production scrap?

Today we are publishing our new data set on battery production scrap on CES Online. The set is based on bottom-up estimates of the global battery production by individual manufacturers and is aligned with our forecast of 3,362 GWh of lithium-ion batteries placed on the market in 2030.

How will the scrap rate of batteries change in the future?

As a larger and larger share of the world’s batteries will come from manufacturers with long experience and advanced production technology – the main means to keep the scrap rates down – our position is that the scrap rates will decrease significantly and approach 4% and even 3%, with both rejects and naturally generated waste included.

Why is the battery scrap market growing?

The growth of the battery scrap market is primarily influenced by surge in demand from the consumer electronics industry and government initiatives. These factors collectively drive innovation and adoption of battery recycling to address environmental challenges and promote sustainability.

How big is the battery recycling market?

Still in its infancy, the global battery recycling market is projected to grow roughly seven-fold over the next decade, reaching 24 billion U.S. dollars by 2033. Research lead covering environment and sustainability Discover all statistics and data on Li-ion battery recycling now on statista.com!

Are battery technologies reducing energy costs?

The improvements we’ve seen in battery technologies are not limited to lower costs. As Ziegler and Trancik show, the energy density of cells has also been increasing. Energy density measures the amount of electrical energy you can store in a liter (or unit) of battery. In 1991 you could only get 200 watt-hours (Wh) of capacity per liter of battery.

Can batteries be recycled?

Battery manufacturers may find new opportunities in recycling as the market matures. Companies could create a closed-loop, domestic supply chain that involves the collection, recycling, reuse, or repair of used Li-ion batteries.