Battery Recycling Market worth Projected to Touch US$ 25 Bn by 2026
Global market for battery recycling services will register a steady 10.9% CAGR from 2016 to 2024, with the opportunity in this market rising from US$7.1 bn to be worth US$19.9 bn by the end of the forecast period.
[USPRwire, Mon Apr 15 2019] In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Battery Recycling Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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Battery recycling involves the recycling of used batteries from various sources such as household batteries; car batteries; and batteries from laptops, mobile phones, power tools, etc.. This activity prevents batteries from ending up in municipal waste and landfills and prevents hazardous materials such as lead, cadmium, mercury, and nickel from entering the environment. These materials are highly toxic and can leach into the soil from landfills. They not only contaminate soil but also underground and surface water sources. Therefore, battery recycling not only protects the environment from potential hazards but also prevents possible health ailments due to these hazardous materials.
This report analyzes and forecasts the market for battery recycling at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global battery recycling market. It also covers the impact of these drivers and restraints on demand for battery recycling during the forecast period. The report also highlights opportunities in the battery recycling market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global battery recycling market. Porter’s Five Forces model for the battery recycling market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, in which battery chemistry, spent battery source, and end-use are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global battery recycling market by segmenting it in terms of battery chemistry, spent battery source, and end-use. In terms of battery chemistry, the battery recycling market has been classified into lithium-ion, lead-acid, nickel-cadmium, and others. Based on spent battery source, the battery recycling market has been categorized into automotive, electronic appliances, and others. In terms of end-use, the battery recycling market has been segmented into extraction of material; repackaging, reuse, & second life; and disposal. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for battery recycling in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The report provides the actual size of the battery recycling market for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for battery recycling has been provided in terms of revenue. Market revenue has been defined in US$ Mn. Market numbers have been estimated based on battery chemistry, spent battery source, and end-use of battery recycling. Market size has been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global battery recycling market. Key players in the battery recycling market are Battery Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P Batteries, Gravita India Ltd., Johnson Controls, Inc., and Umicore N.V. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.
The global battery recycling market has been segmented as follows:
Battery Recycling Market, by Battery Chemistry
Battery Recycling Market, by Spent Battery Source
- Electronic Appliances
Battery Recycling Market, by End-use
- Extraction of Material
- Repackaging, Reuse, & Second Life
Battery Recycling Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- An extensive analysis of the battery recycling market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
- In terms of end-use, the extraction of material segment is anticipated to expand at a significant rate during the forecast period
- Lead-acid is the major battery chemistry segment of the battery recycling market
- A list of key factors responsible for building the upcoming opportunistic roadmap for the battery recycling market at a global, regional, and country level
- Insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
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