Press release
Global Battery Recycling Market Expected to Worth USD 17 bn at a CAGR of 24% During 2018-2027 | Industry Leading Players - Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P B
Research Nester
Recycling and reusing of batteries is called battery recycling. Disposing of used batteries to municipal garbage solid waste house can led to soil and water contamination, which can adversely affect the ground water level.
Types of batteries that can be recycled are lead–acid automotive batteries, button cells, Rechargeable nickel–cadmium (Ni-Cd), nickel metal hydride (Ni-MH), lithium-ion (Li-ion) and nickel–zinc (Ni-Zn).
Rechargeable batteries can be used in cars, toy, watches, medical devices, golf cart batteries, UPS batteries, industrial fork-lift batteries, motorcycle batteries, and commercial batteries.
Grow Your Business From Expert Advice @ https://www.researchnester.com/sample-request-1287
Market Forecast and trends
Global battery recycling market is expected to account for a market value of around USD 17 billion at a CAGR of 24% till forecast period 2018-2027. Rise in demand for batteries on the back of increasing hybrid electric vehicles is expected to fuel the global battery recycling in value terms.
Europe is slated to account for largest market share for battery recycling market on the account of application of stringent initiatives for environmental protection and safety purpose by the governments in several countries such as Germany, the United Kingdom, France, Russia, and Italy to avoid soil and water contamination raised from toxic and chemicals of trashed batteries.
Additionally, Asia pacific is expected to showcase modest growth for battery recycling market in forecast period with rising competition and government initiatives for subsidies. Additionally, increased production of hybrid vehicles in countries such as China and India is expected to support the growth of market.
Growth Drivers
Directive initiatives by government of Europe region strictly drive the growth of battery recycling market. Additionally, safety of soil and water contamination to avoid disposing of trashed batteries in municipal garbage solid waste house is positively supporting the growth of market.
Moreover, increasing sales of hybrid vehicles directly impacts the demand for battery system, thereby driving the growth of battery recycling market during the forecast period.
Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/battery-recycling-market/1287
Challenges
One of the challenging factors that hamper the growth of market is installing and processing of used battery, which can cause fire due to friction produced by old metals.
The report titled “Global battery recycling market: Global Demand Analysis & Opportunity Outlook 2025” delivers detailed overview of the global district cooling energy system in terms of market by region, by chemistry, by end-user industry.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the gl0bal battery recycling market which includes company profiling of 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. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of global battery recycling market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Contact Us
AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 591
For More Update Follow- LinkedIn | Twitter | Xing
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Battery Recycling Market Expected to Worth USD 17 bn at a CAGR of 24% During 2018-2027 | Industry Leading Players - Solutions LLC, Call2Recycle, Inc., Exide Technologies, Retriev Technologies, Inc., East Penn Manufacturing Company, EnerSys, G & P B here
News-ID: 1867364 • Views: …
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…
