Battery Recycling Market Grow at a 6.5% CAGR to Reach $11.83 Billion

The global battery recycling market is projected to reach $ 11.83 Billion by 2022, at a CAGR of 6.5% between 2017 and 2022. The growth of this market can be attributed to the growing output of spent batteries from the automotive and industrial sources.

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The global battery recycling market has a diversified ecosystem of upstream players, including spent battery suppliers and collectors, along with downstream stakeholders, vendors, and government organizations. Companies operating in the global battery recycling market include
1. Call2Recycle, Inc. (U.S.),
2. Battery Solutions, LLC (U.S.),
3. Gravita India Ltd. (India),
4. Johnson Controls Inc. (U.S.),
5. Exide Technologies Inc. (U.S.),

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The lead-acid battery chemistry segment dominated the global battery recycling market in 2016, followed by the lithium-based and nickel-based chemistries. Lead-acid is the most common type of chemistry, and is used in a wide range of automotive and industrial applications. The lead-acid chemistry segment is projected to witness the highest growth from 2017 to 2022, due to the increasing use of starting, lighting, and ignition (SLI) batteries.
Europe led the global battery recycling market in 2016. The battery recycling market in Europe is projected to witness the highest growth in the coming years. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market.
Profile break-up of primary participants for the report:

• By Company Type: Tier 1 – 35%, Tier 2 – 35%, Tier 3 – 30%
• By Designation: C level – 25%, Director level – 30%, Others1– 45%
• By Region: North America – 35%, Europe –24%, Asia-Pacific – 20%, Middle East & Africa-12%, South & Central America–9%¬
Target Audience
• Battery Recyclers
• Spent Battery Traders, Suppliers, and Distributors
• Government and Research Organizations
• Associations and Industrial Bodies
• Smelters and Distributors
• Industry Associations
“This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly”
Scope of the Report: This research report categorizes the global battery recycling market based on chemistry, source, end use, material, and region and forecasts revenues and analyzes trends in each of the submarkets.
Based on Chemistry:
• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Other Batteries1

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Based on Source:
• Automotive Batteries
• Industrial Batteries
• Consumer & Electronic Appliance Batteries
Based on End Use:
• Extraction of Material
• Reuse, Repackaging and Second Life
• Disposal

Browse related report
1. Industrial Batteries Market by type (Lead-Acid, Nickel-Based, Lithium-Based), end-user industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and region - Global Forecast to 2021
http://www.rnrmarketresearch.com/industrial-batteries-market-by-type-lead-acid-nickel-based-lithium-based-end-user-industry-telecom-data-communication-uninterruptible-power-supply-ups-backup-industrial-equipment-grid-level-energy-stora-st-to-2021-market-report.html

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall battery recycling market and the sub segments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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