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Global Electric Vehicles Battery Recycling Market Report 2024: Growth Forecasted at 25.8% CAGR Through 2031

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1 year ago

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DUBLIN, March 7, 2024 /PRNewswire/ — The “Global Electric Vehicles Battery Recycling Market by Source (Passenger Vehicles, Commercial Vehicles, E-Bikes), Chemistry (Li-NMC, LFP, LMO, LTO, NCA), Process, and Region (North America, Europe, Asia Pacific) – Forecast to 2031″ report has been added to ResearchAndMarkets.com’s offering.

The EV Battery Recycling Market is projected to grow from USD 9 billion in 2023 to USD 56.3 billion by 2031, at a CAGR of 25.8 % during the forecast period. The growing demand for batteries in energy storage devices, coupled with increased research and development in EV Battery, is one of the key driver that is boosting the EV Battery Recycling Market.

Lithium Iron Phosphate by battery chemistry, is estimated to account for the second largest share during the forecast period

The Lithium Iron Phosphate battery chemistry segment is projected to secure the second-largest share in the forecast period, primarily fueled by its extensive application in the automotive. As they are among the safest batteries, with a low risk of overheating and fire. These batteries are environmentally sustainable, being non-toxic and recyclable, devoid of harmful materials like lead or cadmium. This broader utilization is expected to contribute to the sustained growth of the Lithium Iron Phosphate battery chemistry segment in the EV Battery Recycling Market.

By source, commercial segment is accounted for the second largest share during the forecast period

Lithium-ion batteries are well-known for powering commercial vehicles. The combination of increasing demand for commercial electric vehicles, regulatory support, and the need for recycling valuable materials contributes to the projection that the commercial segment will be the important and ongrowing source in the EV battery recycling market during the specified period. Therefore, the use of lithium-ion battery in commercial vehicles will increase and it is expected to drive the EV Battery Recycling Market.

Europe region is estimated to account for the second largest share during 2023-2031

Europe is expected to be the second-largest market for EV battery recycling market. Germany is among the key player in the region, which is driven by automobile sector, with a rise in the demand for electric vehicles. As a major contributor to the automotive industry, Germany emerges as a favorable market for various batteries, particularly those using lithium-ion recycling technology. Additionally, the ongoing transition to renewable energy sources in the country is expected to boost the market further, contributing to the overall growth of the European EV Battery Recycling Market.

The report provides insights on the following:

Analysis of key drivers (increasing adoption of lithium-ion batteries in automobiles, growing adoption of EVs and plug-in vehicles, limited minerals), restraints (Safety issues related batteries, low availability of lithium and cobalt), opportunities (subsidies by government, growing R&D for battery chemistry), and challenges (high cost of recycling ecosystem) influencing the growth of the EV Battery Recycling Market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the EV Battery Recycling Market.Market Development: Comprehensive information about lucrative markets – the report analyses the EV Battery Recycling Market across varied regions.Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the EV Battery Recycling Market.Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Contemporary Amperex Technology Co., Limited. (China), Glencore (Switzerland), GEM Co., Ltd. (China), ERAMET (France), Li-Cycle Corp (Canada), Umicore (Belgium), Accurec-Recycling GMBH (Germany), Fortum (Finland), Cirba solutions (US), Neometals Ltd.(Australia), Redwood Materials Inc. (US), Ecobat (US), Stena Recycling (Sweden), TES (Singapore), Ace Green Recycling, Inc. (USA),, Shenzhen Highpower Technology Co., Ltd (China) and others in the EV Battery Recycling Market.

Key Topics Covered:

Executive Summary

Electric Vehicle Battery Recycling Market Snapshot: 2022 vs. 2031Asia-Pacific to Account for Largest Market Share During Forecast PeriodPassenger Segment to Account for Largest Market Share During Forecast PeriodNorth America to Hold Largest Market Share During Forecast Period

Premium Insights

Attractive Opportunities in Electric Vehicle Battery Recycling Market – Growing Adoption of Lithium-Ion Batteries in Electric Vehicles to Drive MarketElectric Vehicle Battery Recycling Market, by Region – Europe to Register Highest CAGR During Forecast PeriodElectric Vehicle Battery Recycling Market, by Battery Chemistry – LFP Segment to Register Highest CAGR During Forecast Period

Market Dynamics

Drivers

High Demand for Electric VehiclesStringent Government Regulations Related to Lithium-Ion Battery RecyclingIncrease in Demand for Recycled Products and MaterialsScarcity Related to Availability of Earth Metals

Restraints

Safety Issues Related to Storage and Transportation of Spent Batteries

Opportunities

Rising Adoption of Lithium-Ion Batteries due to Decline in Prices

Challenges

High Recycling Costs and Dearth of Technologies

Technology Analysis

PyrometallurgyHydrometallurgyPyrolysisMechanical Thermodynamic Recycling

Case Study Analysis

Attero Recycling

Company Profiles

UmicoreNeometals Ltd.Li-Cycle Corp.Recyclico Battery Materials Inc.Accurec-Recycling GmbHFortumCirba SolutionsContemporary Amperex Technology Co. LimitedEcobatTesStena RecyclingShenzhen Highpower Technology Co. Ltd.Redwood Materials Inc.Gem Co. Ltd.Ascend Elements, Inc.Batx EnergiesGlencoreAustralian Battery Recycling InitiativeAce Green RecyclingPrimobius GmbHAttero Recycling Pvt. LtdTrishulavel Eshan Pvt. Ltd. (Li-Circle)ErametEnvirostream Australia Pty Ltd.Duesenfeld GmbHLithion TechnologiesBatrec IndustrieSitrasaTata Chemicals Limited.Exigo Recycling Pvt. Ltd.ZiptraxJx Nippon

For more information about this report visit https://www.researchandmarkets.com/r/wcuwu5

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Oracle Health Customers Whose Data May Have Been Compromised

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3 minutes ago

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April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at Oracle Health (“Oracle”). Oracle learned of the breach on or about February 20, 2025. To join this case, go HERE.

About Oracle Health

Oracle Corporation is a multinational computer technology company based in the United States. Oracle Health, a subsidiary of Oracle, specializes in healthcare software, with a focus on Electronic Health Records and hospital management solutions.

What happened?

Oracle recently experienced two separate data breach incidents. The first occurred around February 20, 2025, when Oracle Health discovered a security breach within its network. They initiated an investigation and found that on or after January 22, 2025, an unauthorized third party had accessed the company’s servers and copied patient data to an unknown external location.

The second incident involved Oracle Cloud servers. In this case, a hacker using the online alias rose87168 posted on a cybercrime forum, offering the data of 6 million Oracle Cloud customers. Although Oracle has denied this data breach, evidence suggests otherwise.

What type of information was stolen?

The personal information in the compromised files may have included:

Patient Information From Electronic Health Records

How can I protect my personal data?

If you receive a data breach notification concerning Oracle, you should take precautions to protect against potential misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised as a result of the Oracle data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-oracle-health-customers-whose-data-may-have-been-compromised-302421202.html

SOURCE Edelson Lechtzin LLP

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners Customers Whose Data May Have Been Compromised

Published

4 minutes ago

on

April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at CDHA Management, LLC, and Spark DSO, LLC d/b/a Chord Specialty Dental Partners (collectively, “Chord”). Chord learned of suspicious activity on its network on or about September 11, 2024. To join this case, go HERE.

About CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners

Chord Specialty Dental Partners, based in Tennessee, is a network of dental practices with over 60 locations in six states. They focus on expanding access to dental services.

What happened?

On or around September 11, 2024, Chord was alerted to suspicious activity involving an employee’s email account on their network. They initiated an investigation and discovered that an unauthorized individual had accessed several accounts between August 19, 2024, and September 25, 2024. It is possible that certain personal information was obtained during this data breach.

What type of information was stolen?

The compromised files contained personal information, including:

NamesAddressesSocial Security NumbersDriver’s License NumbersBank Account InformationPayment Card InformationDates of BirthMedical InformationHealth Insurance Information

How can I protect my personal data?

If you receive a data breach notification concerning Chord, you should take precautions to protect against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the Chord data breach.

For more information, please contact:
Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-cdha-management-llc-and-spark-dso-llc-dba-chord-specialty-dental-partners-customers-whose-data-may-have-been-compromised-302421205.html

SOURCE Edelson Lechtzin LLP

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RiskOpsAI™ Welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board

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4 minutes ago

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April 4, 2025

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RiskOpsAI™ welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board to support its AI-Native Next Generation Risk Management.

SAN DIEGO, April 4, 2025 /PRNewswire-PRWeb/ — RiskOpsAI™, a pioneer in AI-Native Next Generation Risk Management, is pleased to welcome Chris Murray, Former PwC Partner to its Cyber Advisory Board.

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

Strategic Addition to Strengthen RiskOpsAI™ Growth and Innovation.

With a career spanning software development to Chief Technology Officer (CTO), Chris Murray brings deep expertise in AI, technology strategy and digital transformation. His experience includes:

Building SaaS businesses and leading enterprise software development.Driving AI, technology and alliance strategies across PwC’s global service lines.Scaling PwC’s technology alliances, including the first partner-led Workday implementation in EMEA.Leading AI adoption initiatives, including PwC’s #TrustInAI campaign.

His appointment strengthens RiskOpsAI™ commitment to AI-Native Risk Modeling and Decision Intelligence.

RiskOpsAI™: AI-Native Next Generation Risk Management.

RiskOpsAI™ pioneers AI-Native Continuous GRC, empowering Fortune 2000 enterprises to:

Identify, prioritize and remedy cyber risks – all in one platformMaintain governance, risk and compliance – all in one platform

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

With its integrated SaaS platform, RiskOpsAI™ delivers patented Cyber Risk Quantification and Continuous Threat Exposure Management (CTEM), providing actionable insights into the true impact of cyber risk on your business. Our solutions, including Continuous Compliance Automation and Thirdparty Threat Exposure Management™, ensure businesses stay secure, compliant and resilient.

For more information, visit https://optimeyes.ai.

RiskOpsAI™

Media Contact

Mainak Majumdar, RiskOpsAI, 1 (858) 585-3101, mainakm@optimeyes.ai, www.riskops.ai

Twitter, LinkedIn

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SOURCE RiskOpsAI

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