Middle East & Africa Electric Vehicle (Ev) Battery Recycling Market Size & Outlook
The electric vehicle (ev) battery recycling market in Middle East & Africa is expected to reach a projected revenue of US$ 261.9 million by 2030. A compound annual growth rate of 48.5% is expected of Middle East & Africa electric vehicle (ev) battery recycling market from 2024 to 2030.
- Energy & Power
- Renewable Energy
- Electric Vehicle (EV) Battery Recycling Market Outlook
- Renewable Energy
Revenue, 2023 (US$M)
$16.5
Forecast, 2030 (US$M)
$261.9
CAGR, 2024 - 2030
48.5%
Report Coverage
Middle East & Africa
Middle East Africa Electric Vehicle (Ev) Battery Recycling Market, 2018-2030 (US$M)
Global Market
Related Markets
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MEA electric vehicle (ev) battery recycling market highlights
- The MEA electric vehicle (ev) battery recycling market generated a revenue of USD 16.5 million in 2023.
- The market is expected to grow at a CAGR of 48.5% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 16.5 million |
| Market revenue in 2030 | USD 261.9 million |
| Growth rate | 48.5% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Lithium ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.6% of the global electric vehicle (ev) battery recycling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,588.2 million by 2030.
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Electric Vehicle (EV) Battery Recycling Market Scope
Electric Vehicle (EV) Battery Recycling Market segmentation & scope
Electric Vehicle (EV) Battery Recycling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GFL Environmental Inc | View profile | 20,000 | 100 New Park Place, Suite 500, Vaughan, ON, Canada, L4K 0H9 | www.gflenv.com |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | www.exideindustries.com/ |
| Battery Solutions | View profile | - | Lubbock, Texas, United States, North America | www.batterysolutionsinc.com |
| Gopher Resource | View profile | 501-1000 | Eagan, Minnesota, United States, North America | www.gopherresource.com/ |
| Ecobat | View profile | 1001-5000 | Irving, Texas, United States, North America | ecobat.com/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | www.eastpennmanufacturing.com/ |
| Retriev Technologies | View profile | 51-100 | Lancaster, Pennsylvania, United States, North America | www.retrievtech.com/ |
| Com2 Recycling Solutions | View profile | 101-250 | Carol Stream, Illinois, United States, North America | www.com2recycling.com/ |
| Call2Recycle | View profile | 11-50 | Atlanta, Georgia, United States, North America | www.call2recycle.org/ |
| Gravita India Ltd | View profile | 251-500 | Jaipur, Rajasthan, India, Asia | www.gravitaindia.com |
Middle East & Africa 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 Outlook will help companies and investors design strategic landscapes.
Lithium Ion was the largest segment with a revenue share of 60.0% in 2023.
Horizon Databook has segmented the Middle East & Africa electric vehicle (ev) battery recycling market based on lithium ion, lead acid covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Electric Vehicle (Ev) Battery Recycling Market Application Outlook (Revenue, USD Million , 2018-2030)
- Lithium ion
- Lead Acid
- Others
- Middle East & Africa Electric Vehicle (Ev) Battery Recycling Market Source Outlook (Revenue, USD Million , 2018-2030)
- End of Life
- Production Scrap
- Middle East & Africa Electric Vehicle (Ev) Battery Recycling Market Vehcile Type Outlook (Revenue, USD Million , 2018-2030)
- Passenger Cars
- Buses
- Vans
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Electric Vehicle (EV) Battery Recycling Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Electric Vehicle (EV) Battery Recycling Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Electric Vehicle (Ev) Battery Recycling Market, 2018-2030 (US$M)
MEA electric vehicle (ev) battery recycling market statistics, by application, 2018-2030 (US$M)
