Increasing Environmental Hazards of Used Batteries to Augment Growth of Global Battery Recycling Market

Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new market research study to its comprehensive collection of research reports. The 156-page research study, titled “Battery Recycling Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 – 2024,” provides a thorough overview, focusing on the key growth prospects and current trends in the market. As per the research report, in 2015, the global battery recycling market was worth US$7.1 bn and is estimated to reach a value of US$19.9 bn by the end of 2024. The market is anticipated to register a 10.90% CAGR between 2016 and 2024.

Request A Sample Report : http://www.mrrse.com/sample/1855

The growing environmental hazards of used batteries and rise in portable electronics shipments are the primary factors expected to encourage the growth of the market in the forecast period. In addition, the recycling of batteries helps in reducing the cost of raw materials that are used in the manufacturing processes of batteries and related components. This is expected to propel the global battery recycling market in the near future. However, low awareness regarding battery recycling processes is hampering the growth of the market.

The global battery recycling market has been classified on the basis of battery chemistry into nickel cadmium, lithium ion, lead acid, and others. In 2014, the lead acid segment led the global battery recycling market with a 45% share. This segment is estimated to remain in the prominent position in the next few years, thanks to the fact that the lead acid batteries are comparatively easy to extract and they demand less operational excellence. Furthermore, the global market has been categorized into reuse, repacking, and second life, disposal, and extraction of material. The demand, supply, and consumption of each segment have been discussed in the research report.

Among the key geographical segments, Europe is expected to account for a massive share in the global battery recycling market in the next few years. The high growth of this region can be attributed to the rising awareness among the population regarding the need to control pollution and energy conservation. In addition, the rigid rules imposed by the government concerning the proper disposable of used batteries and the rising inclination towards recycling of products are projected to fuel the growth of the battery recycling market in Europe. Furthermore, North America and Asia Pacific are estimated to witness significant growth throughout the forecast period.

Browse Full Global Battery Recycling Market Report with TOC:http://www.mrrse.com/battery-recycling-market

The leading players operating in the battery recycling market across the globe include Retriev Technologies Inc., G&P Batteries, Umicore N.V., Exide Technologies, Call2Recycle, Inc., EnerSys, Battery Solutions LLC, East Penn Manufacturing Company, Gravita India Ltd., and Johnson Controls, Inc. A detailed vendor analysis of the prominent companies has been provided in the research report, along with the recent developments and events in the overall industry.

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States
Telephone: +1-518-730-0559
Email: sales@mrrse.com

This release was published on openPR.