The Saudi Arabia battery recycling market size reached USD 155.92 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 283.77 Million by 2033, exhibiting a growth rate (CAGR) of 6.88% during 2025-2033. Vision 2030’s circular‐economy mandate and robust public–private investments in sustainable waste management, rapidly rising EV and renewable‐energy storage deployments generating end‐of‐life lithium‐ion streams, strategic lithium extraction initiatives by Aramco and Maaden, and expansion of advanced hydrometallurgical recycling capacities domestically are bolstering the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 155.92 Million |
Market Forecast in 2033 | USD 283.77 Million |
Market Growth Rate 2025-2033 | 6.88% |
Rapid Growth of End-of-Life Streams from EV and Grid-Scale Storage Deployments
Saudi Arabia’s strategic pivot toward electric mobility and renewable energy storage is accelerating the generation of spent lithium-ion batteries, creating both a recycling imperative and a high-value feedstock opportunity. While EV adoption is still nascent, with just 2,000 units sold in 2024, the government aims for 30% EV penetration by 2030, supported by the planned installation of 5,000 public chargers. Simultaneously, the deployment of utility-scale battery energy storage systems (BESS) surged, driven by major solar-grid stabilization projects led by Sungrow, BYD, and local partners. This mounting volume of retired battery packs, rich in lithium, cobalt, and nickel, is spurring investment in advanced hydrometallurgical recycling facilities. The Saudi lithium-ion battery market reached USD 496.8 million in 2024, fueled by growth in both the storage and EV sectors. As Vision 2030 drives domestic battery manufacturing, recyclers are leveraging metal recovery technologies to reduce reliance on imports and enhance national supply-chain resilience.
Strategic Regulatory Frameworks and Mega-Scale Public–Private Investments
Under Vision 2030’s circular-economy framework, Saudi Arabia is rapidly scaling its battery-recycling capabilities through aggressive policy mandates and strategic state-backed investments. Leading the charge is the Saudi Investment Recycling Company (SIRC), a Public Investment Fund entity tasked with catalyzing circular-economy ventures. SIRC targets a USD 10 billion GDP contribution and 23,000 new jobs by 2030, with battery-recycling hubs as a key pillar. In December 2024, SIRC signed a milestone MoU with Veolia to co-develop advanced recycling and waste-treatment facilities, slated for completion by 2027, that will handle organic, industrial, hazardous, and battery waste. To attract private-sector participation, Saudi Arabia has introduced incentives such as accelerated depreciation on recycling equipment and preferential PIF-backed financing. Additionally, proposed updates to the Waste Management National Regulatory Framework include mandatory Extended Producer Responsibility (EPR) schemes and recycled-content requirements for new battery packs. These coordinated policy levers and public–private partnerships are positioning the Kingdom as a regional leader in battery recycling, delivering both environmental impact and economic returns.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, source, material, and end-use.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes lead-acid batteries, nickel-based batteries, lithium-based batteries, and others.
Source Insights:
A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes industrial, automotive, consumer products, electronic appliances, and others.
Material Insights:
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes manganese, iron, lithium, nickel, cobalt, lead, aluminum, and others.
End-Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end-use. This includes reuse, repackaging, extraction, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Lead-acid Batteries, Nickel-based Batteries, Lithium-based Batteries, Others |
Sources Covered | Industrial, Automotive, Consumer Products, Electronic Appliances, Others |
Materials Covered | Manganese, Iron, Lithium, Nickel, Cobalt, Lead, Aluminum, Others |
End-Uses Covered | Reuse, Repackaging, Extraction, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: