Battery Recycling Market Is Estimated To Generate Revenue Of US$ 36,002.73 Million By 2028

According to our latest market study on "Battery Recycling Market Forecast to 2028 - COVID-19 Impact and Global Analysis - Type and Battery Source," the market is projected to reach US$ 36,002.73 million by 2028 from US$ 15,690.07 million in 2020, it is expected to grow at a CAGR of 13.4% from 2020 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Some of the companies competing in the Battery Recycling Market are Aqua Metals, Inc., Call2recycle, Inc., Clarios. LLC, Com2 Recycling Solutions, East Penn Manufacturing Company, Exide Technologies, G P Batteries, Gopher Resource LLC, Retriev Technologies Inc, and Terrapure Environmental Ltd.

Battery recycling is an effective way of reprocessing and reusing batteries to diminish hazardous waste. Recycling has a lower environmental impact than the mining of virgin materials. Direct recycling could substantially decrease the energy consumption and emissions. Several policies and regulations have been imposed that play a vital role in ensuring safety of consumer products as well as in safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. The recycling of used electric batteries yields strong economic benefits.

As per an article published by Roland Berger GmbH in November 2019, if a volume of 1.7 million tons of batteries would be recycled by 2030, the process is anticipated to yield 250,000 tons of active materials such as nickel, cobalt, manganese, and lithium, the yield is expected to meet 20-30% of cobalt and nickel demand in Europe. Similarly, recycling batteries can prevent the potential threat surfacing from dumping heavy metals and toxic chemicals into the environment.

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The final report will add the analysis of the Impact of Covid-19 in this report Battery Recycling Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Battery Recycling Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Battery Recycling Market is analyzed and depicted in the report.

Based on type, the battery recycling market is segmented into lead acid battery, lithium-based battery, nickel-based battery, and others. The lead acid battery segment led the battery recycling market with the highest market share in 2020. Lead acid battery, a type of rechargeable batteries, has the lowest energy density. These batteries can supply high surge currents, which indicates that the cells have a large power-to-weight ratio. The lower costs of these batteries make them an ideal choice for use in motor vehicles to provide the high current required by starter motors. The recycling of lead acid batteries is a rigorous process and is necessary to ensure the safety of components during their reuse. The lead and plastics are recycled and used into new batteries or are used in various industrial products.

The scope of the Report:

The report segments the global Battery Recycling Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Battery Recycling Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

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Key Highlights
• Progressive trends in the battery recycling industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the global battery recycling market from 2019 to 2028
• Estimation of the demand for battery recycling across various industries
• Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for battery recycling
• Market trends and outlook as well as factors driving and restraining the growth of the battery recycling market
• Understanding regarding the strategies that underpin commercial interest with regard to global battery recycling market growth, aiding in the decision-making process
• Battery Recycling market size at various nodes of market
• Detailed overview and segmentation of the global battery recycling market as well as its industry dynamics
• Battery Recycling market size in various regions with promising growth opportunities

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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