Battery Recycling Market to Rise at an Impressive 13.4 | USD 36,002.73Mn by 2026

New York, October, 12, 2022 /OPENPR/--Latest published market study on Global Battery Recycling Market provides an overview of the current market dynamics in the Battery Recycling space, as well as what our survey respondents all outsourcing decision-makers predict the market will look like in 2028. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. This report provides detailed analysis of global market size, regional and country-level market size, growth, share, competitive Landscape, sales analysis, impact of domestic and global Battery Recycling Market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

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Market Analysis and Insights: Global Battery Recycling Market

Battery recycling is an effective way to reprocess and reuse batteries, so as to effectively diminish the number of batteries being thrown away as waste material. The recycling of used electric batteries encompasses huge potential and yields strong economic benefits. Several policies and regulations have been framed which play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases.

In 2020, Asia Pacific accounted for the largest share of the global battery recycling market. The dominance of the battery recycling market in this region is primarily credited to the presence of strong industrial base of prominent manufactures, generating battery waste in huge volumes. An increased use of batteries in the region would encourage effective battery management practices to reduce waste disposal volumes, which will include battery recycling. Along with this, various government initiatives for battery recycling in Asia Pacific will drive the battery recycling market in this region.

The COVID-19 pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors, including electronics, automotive, and power, which impacted the delivery cycles and increased import-export tariff. The market has been impacted by the sudden distortion in operational efficiencies and disruptions in value chains due to the sudden shutdown of national and international boundaries. Disruptions in terms of sourcing of raw materials from suppliers and temporarily shuttering of manufacturing plants during indefinite lockdowns impacted the growth of the market. As per an article published by National Center for Biotechnology Information in December 2020, the pandemic has significantly impacted the recycling chain, which involves shipping of expended batteries for reprocessing stretches across the world. Further, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise globally. However, the focus over just-in-time production is another concerning factor hindering market growth. The rising demand of battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the battery recycling market growth.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
Global Battery Recycling Market Key Segmentation:

By Type

Lead Acid Battery
Lithium-Ion Battery
Nickel-Based Battery
Others
By Battery Source

Automotive
Industrial
Household
Consumer Electronics
Forklift
Competitive Analysis of Battery Recycling Market:

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
….
With an extensive SWOT analysis, the Data Bridge Market Research study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Battery Recycling market.

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Market Insights

Growing Demand for Recycled Products and Recovery of Valuable Metals Drives Battery Recycling Market Growth

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. The recycling of used electric batteries encompasses huge potential and yields strong economic benefits. For instance, 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. This is expected to meet the demand for cobalt and nickel by 20-30% in Europe. Similarly, recycling batteries can prevent the potential threat surfacing from dumping heavy metals and toxic chemicals into the environment. Further, a report "Reducing new mining for electric vehicle battery metals," prepared by the University of Technology Sydney's Institute for Sustainable Futures for Earthworks, highlights the utility of using recycled metals to meet the expanding demand from electric vehicles (EVs), while reducing the need for new mines to supply materials. The report centers around the effective use of key battery ingredients such as cobalt, lithium, nickel, and copper by recycling and reprocessing. The report suggests that the process of recycling can minimize primary (mined) demand compared to total demand of lithium by 25%, cobalt and nickel by 35%, and copper by 55% by 2040. The report also states that expanding the battery life span beyond the current estimates of 8-15 years, along with reusing batteries in "second life applications," has significant potential to reduce the dependence upon the mined materials.

Type Insights

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.

Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Battery Recycling market?
What are the drivers and challenges affecting the Battery Recycling market demand?
What are the recent technological advancement in the Battery Recycling market?
What are key trends and opportunities that will prevail the revenue growth of Battery Recycling market players?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Battery Recycling market?
The Report Covers The Following Chapters

Executive Summary - The executive summary section of the report gives a brief overview and summary of the report

Report Structure - This section gives the structure of the report and the information covered in the various sections.

Introduction - The introduction section of the report gives brief introduction about segmentation by type, segmentation by channel type and segmentation by payment method.

Market Characteristics - The market characteristics section of the report defines and explains the Battery Recycling market. This chapter also defines and describes goods and related services covered in the report.

Trends And Strategies - This chapter describes the major trends shaping the global Battery Recycling market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.

Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the Battery Recycling market.

Global Market Size And Growth - This section contains the global historic (2010-2020) and forecast (2022-2029), and market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.

Regional Analysis - This section contains the historic (2010-2020) and forecast (2022-2029), and market values and growth and market share comparison by region.

Segmentation - This section contains the market values (2022-2029) and analysis for different segments.

Regional Market Size and Growth - This section contains the region's market size (2022), historic (2010-2022) and forecast (2022-2029), and market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.

The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.

Competitive Landscape - This section covers details on the competitive landscape of the global Battery Recycling market, estimated market shares and company profiles for the leading players.

Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.

Opportunities And Strategies - This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.

Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for Battery Recycling companies in terms of service offerings, geographic expansion, price offerings, and target groups.

Appendix - This section includes details on the abbreviations and currencies codes used in this report.

Complete Report (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-electronic-trial-master-file-etmf-systems-market

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