Article -> Article Details
| Title | India Battery Recycling Market Trends, Share, Growth, Outlook and Report by 2033 |
|---|---|
| Category | Automotive --> Automotive Parts |
| Meta Keywords | battery recycling |
| Owner | SAKSHI BAHANDARI |
| Description | |
| As indicated in the latest market research report published by IMARC Group, titled "India Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, End Use, Material, and Region, 2025-2033" this report provides an in-depth analysis of the industry, featuring insights into the India battery recycling market trends. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential The India battery
recycling market size reached USD 554.4 Million in 2024.
Looking forward, IMARC Group expects the market to reach USD 1,304.1
Million by 2033, exhibiting a strong growth trajectory during 2025-2033. Latest Market Trends Electric Vehicle Revolution Driving Battery Influx:
The Indian electric vehicle market has witnessed explosive growth, with
electric two-wheelers dominating sales at approximately 1.2 million units sold
in 2024, representing around 60% of total EV sales. This surge is directly
translating into an increased volume of spent batteries entering the recycling
stream. The Ministry of Heavy Industries projects EV sales to exceed 5 million
units by 2025, creating unprecedented demand for sophisticated battery recycling
infrastructure. The average lithium-ion battery has a lifespan of 8-10 years,
which means the influx of end-of-life batteries will intensify significantly in
coming years. Advanced Recycling Technologies Gaining Traction: The
industry is witnessing a technological leap forward with companies pioneering
innovative recovery methods. For instance, hydrometallurgical processes have
demonstrated the ability to recover over 95% of lithium from used batteries
while minimizing waste and emissions. These advancements make battery recycling
increasingly cost-effective and environmentally viable, enabling industries to
source critical materials like lithium, cobalt, and nickel sustainably rather
than relying solely on virgin mining operations. This technological evolution
is reducing operational costs and improving recovery rates across the sector. Request Free Sample Report: https://www.imarcgroup.com/india-battery-recycling-market/requestsample Market Scope and Growth Factors Government Policy and Regulatory Framework: The
Battery Waste Management Rules (BWMR) 2022, implemented by the Ministry of
Environment, Forest and Climate Change, has fundamentally transformed the
regulatory environment. Under these rules, battery producers—including
importers—bear complete responsibility for collecting, recycling, and
refurbishing waste batteries. For instance, if a producer sold 1,000 batteries
in 2020, they must collect and recycle 60% of those batteries by 2025, after
their lifecycle ends. The government has further strengthened enforcement
through the Battery Waste Management (Second Amendment) Rules 2024,
establishing minimum recovery targets for different battery types and
prescribing mandatory use of recycled materials in future battery production. Extended Producer Responsibility (EPR) Mechanisms:
The EPR framework places the onus on manufacturers to manage their products'
end-of-life stage, creating a closed-loop accountability system. The
implementation of these requirements through centralized online portals enables
real-time tracking and compliance verification, ensuring transparency across
the recycling value chain. Explore the Full Report with Charts, Table of Contents,
and List of Figures: https://www.imarcgroup.com/india-battery-recycling-market Comprehensive Market Report Highlights & Segmentation
Analysis Type Insights:
Source Insights:
End Use Insights:
Material Insights:
Regional Insights:
Recent News and Developments
Discuss Your Needs with Our Analyst – Get Customized
Report Now: https://www.imarcgroup.com/request?type=report&id=21412&flag=E Competitor Landscape The report offers an in-depth examination of the competitive
landscape. It includes a thorough competitive analysis encompassing market structure,
key player positioning, leading strategies for success, a competitive
dashboard, and a company evaluation quadrant. The competitive landscape
analysis evaluates how established recyclers, emerging startups, and new
entrants are positioning themselves in India's rapidly evolving battery
recycling market, considering factors such as technological capabilities,
geographic reach, scale of operations, and alignment with regulatory
requirements. Note: Should you require specific information not included in the
current report, we are pleased to offer customization options to meet your
needs. About Us IMARC Group is a leading market research company that offers
management strategy and market research worldwide. We partner with clients in
all sectors and regions to identify their highest-value opportunities, address
their most critical challenges, and transform their businesses. IMARC's information products include major market,
scientific, economic, and technological developments for business leaders in
pharmaceutical, industrial, and high-technology organizations. Market forecasts
and industry analysis for biotechnology, advanced materials, pharmaceuticals,
food and beverage, travel and tourism, nanotechnology, and novel processing
methods are at the top of the company's expertise. Contact Us IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: Sales@imarcgroup.com Tel No: (D) +91 120 433 0800 Americas: +1-201-971-6302 | Africa and Europe: +44-702-409-7331 | |