Press release
Battery Recycling Market Current Status and Future Prospects | Accurec Recycling, BASF Group, Batrec Industrie
Battery Recycling
Some of the major key players profiled in the study are Accurec Recycling GmbH (Germany), BASF Group (Germany), Batrec Industrie AG (Switzerland), Duesenfeld (Germany), Eramet (France), Fortum (Finland), G&P Batteries Limited (United Kingdom), Glencore (Switzerland), Hydrovolt (Norway), Li-Cycle Corp (Canada) are some of the key players profiled in the study. Additionally, the players who are also part of the research coverage are Neometals (Australia), REDUX Recycling GmbH (Germany), Saft Groupe SA (France), SNAM (France), Stena Recycling (Sweden), TES-Amm (Ireland), Umicore (Belgium), Volkswagen Group (Germany), Others..
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The global Battery Recycling market size is expanding at robust growth of 10.5%, sizing up market trajectory from USD 26.89 Billion in 2023 to USD 54.29 Billion by 2029.
Definition:
The battery recycling market is a rapidly growing industry that focuses on the collection, processing, and reuse of batteries, particularly rechargeable batteries. This market has gained prominence due to several factors, including the increasing use of batteries in various electronic devices, electric vehicles (EVs), and renewable energy storage systems. Battery recycling helps reduce environmental impacts, conserve resources, and minimize the potential hazards associated with the improper disposal of batteries.
On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It's crucial you stay up with the latest sectioned by Applications [Automotive Batteries, Industrial Batteries, Consumer, Electronic Appliance Batteries], Product Types [Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, Other] and some significant parts of the business.
Market Trends:
 Shift from lead-acid batteries to lithium-ion batteries in electric vehicles
 Growing popularity of closed-loop battery recycling systems
Market Drivers:
 Increasing demand for electric vehicles
 Growing awareness of the environmental impact of battery production and disposal
Market Opportunities:
 Expansion into emerging markets
 Development of new and innovative battery recycling technologies
Market Restraints:
 Expansion into emerging markets
 Development of new and innovative battery recycling technologies
Market Challenges:
 Expansion into emerging markets
 Development of new and innovative battery recycling technologies
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Battery Recycling Market by Key Players: Accurec Recycling GmbH (Germany), BASF Group (Germany), Batrec Industrie AG (Switzerland), Duesenfeld (Germany), Eramet (France), Fortum (Finland), G&P Batteries Limited (United Kingdom), Glencore (Switzerland), Hydrovolt (Norway), Li-Cycle Corp (Canada) are some of the key players profiled in the study. Additionally, the players who are also part of the research coverage are Neometals (Australia), REDUX Recycling GmbH (Germany), Saft Groupe SA (France), SNAM (France), Stena Recycling (Sweden), TES-Amm (Ireland), Umicore (Belgium), Volkswagen Group (Germany), Others.
Battery Recycling Market by Geographical Analysis:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Australia or Southeast Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, resea rch, tools, events, and experience that assist in decision-making.
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