Saudi Arabia Battery Recycling Market Size & Report 2033

Saudi Arabia Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, Material, End-Use, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A37041

Saudi Arabia Battery Recycling Market Overview:

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	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 155.92 Million
Market Forecast in 2033	USD 283.77 Million
Market Growth Rate 2025-2033	6.88%

Saudi Arabia Battery Recycling Market Trends:

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.

Saudi Arabia Battery Recycling Market Segmentation:

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:

Lead-acid Batteries
Nickel-based Batteries
Lithium-based Batteries
Others

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:

Industrial
Automotive
Consumer Products
Electronic Appliances
Others

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:

Manganese
Iron
Lithium
Nickel
Cobalt
Lead
Aluminum
Others

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:

Reuse
Repackaging
Extraction
Others

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:

Northern and Central Region
Western Region
Eastern Region
Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Battery Recycling Market News:

February 2025: BYD Energy Storage signed a record 12.5GWh grid-scale battery storage contract with Saudi Electricity Company, bringing total collaboration to 15.1GWh. BYD specializes in R&D, manufacturing, marketing, service and recycling of energy storage products. The company collects used batteries from dealerships, testing suitable packs for energy storage reuse, while unsuitable batteries go to BYD's own recycling center for component separation.

Saudi Arabia Battery Recycling Market Report Coverage:

Report Features	Details
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: Type Source Material End-Use Region
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:

How has the Saudi Arabia battery recycling market performed so far and how will it perform in the coming years?
What is the breakup of the Saudi Arabia battery recycling market on the basis of type?
What is the breakup of the Saudi Arabia battery recycling market on the basis of source?
What is the breakup of the Saudi Arabia battery recycling market on the basis of material?
What is the breakup of the Saudi Arabia battery recycling market on the basis of end-use?
What is the breakup of the Saudi Arabia battery recycling market on the basis of region?
What are the various stages in the value chain of the Saudi Arabia battery recycling market?
What are the key driving factors and challenges in the Saudi Arabia battery recycling market?
What is the structure of the Saudi Arabia battery recycling market and who are the key players?
What is the degree of competition in the Saudi Arabia battery recycling market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia battery recycling market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia battery recycling market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia battery recycling industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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