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  The global lithium-ion battery recycling market is poised for robust expansion, with its value projected at US$18.3 Bn in 2025 and expected to reach US$52.9 Bn by 2032 , advancing at a strong CAGR of 16.4% . This surge reflects the growing demand for sustainable solutions to manage rising electric vehicle (EV) waste and electronic battery disposal. Market Insights and Key Trends Among chemistries, NMC batteries lead with more than 50% of recycled volumes, owing to cobalt and nickel recovery rates exceeding 95%. At the same time, LFP chemistry is emerging as the fastest-growing segment, advancing at an impressive CAGR of 23.1% , largely driven by China’s EV boom and its safety and cost advantages. The automotive sector dominates recycling volumes —contributing over 64%—as millions of EVs reach end-of-life annually. Recycling is led by hydrometallurgical processes , which command a 57.3% share, achieving recovery efficiencies above 95% while lowering costs by 20%. On th...

  The global absorption chillers market is advancing as industries and cities prioritize efficiency and eco-friendly technologies. The absorption chillers market valued at US$ 2.1 billion in 2025 , the market is expected to reach US$ 2.9 billion by 2032 , registering a CAGR of 4.7% during the forecast period. With their ability to utilize waste heat and renewable energy sources, absorption chillers are positioning themselves as a vital alternative to traditional electric chillers. Market Insights and Technology Landscape Natural gas-powered direct fired chillers are projected to maintain a dominant market share of over 50% in 2025, supported by extensive fuel infrastructure and industrial cost efficiency. On the other hand, hot water heated chillers are emerging as the fastest-growing segment, expanding at a CAGR of 5.5% through 2032 as they leverage waste heat in hospitality, healthcare, and district cooling applications. From a refrigerant perspective, lithium bromide s...