Battery Recycling Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast - 2024

Our latest research report entitled Battery Recycling Market (by battery type (lead-acid battery, nickel-based battery and lithium-based battery) and end use (extraction of material, reuse, repackaging & second life and disposal)) provides complete and deep insights into the market dynamics and growth of Battery Recycling. Latest information on market risks, industry chain structure Battery Recycling cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Battery Recycling growth factors.

The forecast Battery Recycling Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Battery Recycling on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global battery recycling market is projected to grow at a CAGR of 9.0% over the forecast period of 2018-2024.

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Battery Recycling Market: Industry Insight

The battery recycling is the activity that reduces the number of disposed batteries. The advancements in the battery industry enable their application in several industry verticals including automotive, consumer electronics, healthcare, and others. This adoption is vastly produced the battery disposables as municipal solid waste. Battery disposing of can raise concerns over soil contamination and water pollution. The battery contains heavy metals and toxic chemicals that may cause soil contamination and water pollution.

Battery Recycling Market: Driver and Restraints

The production of huge disposed batteries coupled with the high adoption of batteries in the several applications is the key factor that drives the growth of battery recycling market worldwide. In addition, growing concern about the degradation of environment and health hazards caused by the disposed batteries are contributing to the growth of battery recycling market. On the other hand, low awareness and the high cost of battery recycling process are expected to hamper the growth of battery recycling market. Moreover, growing government’s funding to support the recycling of used batteries are projected to create several growth opportunities in the battery recycling market in the near future.

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Battery Recycling Market: Segmentation

The global battery recycling market segmented into battery type and end user. In terms of battery type, the market is further sub-segmented as Lead-Acid Battery, Nickel-based Battery, and Lithium-based Battery. Among these battery types, Lithium-based Battery accountable for the largest market shares in the battery recycling market. Rapidly increasing the usage of Li-ion batteries in automobiles which will eventually lead to increased battery recycling.

Based on the end user, the global battery recycling market is segmented as categorized into Automotive, Industrial, and Consumer Electronic Appliance. Batteries power consumer electronic devices such as smartphones, tablets, laptops, cameras, MP3 players, handheld game consoles, and many other electric and electronic devices for everyday use. Furthermore, the growing initiatives by several organizations for collecting both household batteries and those found in other consumer electronics products are fueling the growth of battery recycling market. Furthermore, the stringent government regulations to reduce the accumulation of spent batteries drives the growth of battery recycling market.

Battery Recycling Market: Regional Insight

Geographically, Europe holds the maximum market share in the battery recycling market flowed by Europe. Stringent government regulations on the disposable of hazardous elements are the key factor that drives the growth of battery recycling market. The other factor factors that ensure the growth of battery recycling in the Europe region includes growing demand for batteries in the automotive and presence of large players. Additionally, Asia Pacific is the fastest growing region in the battery recycling market owing to the high consumption of batteries in the emerging economies and the growing demand for its recycling.

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Battery Recycling Market: Competitive Landscape

The key companies in the battery recycling market include Call2Recycle, Inc., Aqua Metals, Umicore, Exide Technologies, Battery Solutions LLC, Retriev Technologies, Inc., G & P Batteries, Enersys, Johnson Controls Gravita India Limited, and Others. The companies working in this market are more focusing on the research and development of new technology to improve overall battery recycling rate. For instance, the technology was developed by Fortum, the Nordic clean energy company has achieved a lithium-ion battery recycling rate of over 80%.

Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Battery Recycling.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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