Battery Recycling Market, by Chemistry (Lead Acid Battery, Lithium-Based Battery, Nickel–Metal–Ion Battery, Other Batteries), Source (Automotive Batteries, Industrial Batteries, Consumer and Electronic Appliance Batteries), Material (Iron, Manganese, Nickel, Lithium, Lead, Cobalt), Consumer Segment (Original Equipment Manufacturers, Aftermarket), Application (Transportation, Consumer Electronics), End User (Extraction of Material, Reuse, Recycled Material).
Global Battery Recycling Market Analysis and Insights:
From 2021 to 2028, the battery recycling market is expected to grow at a 9.05 percent CAGR, and will be worth USD 27.01 billion at the end of that time period. The battery recycling market research report from Zion Market Research examines the various factors that are expected to be prevalent over the forecast period and their effects on the growth of the market. The battery recycling market’s expansion is being fueled by an increase in global per capita income.
It is possible to recycle batteries from a variety of different sources, such as industrial, consumer and automotive electronic appliances and automobiles in order to recover metals and other elements for resale. When compared to the traditional method of drilling for lead, the recycling process is seen as a more efficient use of energy.
Battery recycling is experiencing a boom as a result of a rise in environmental awareness around the world. Increasing demand for raw materials such as lead and lithium is fueled by the expansion of various end-use industries, including transportation, consumer electronics, and industrial uses. Demand for recycled materials is on the rise as a way to conserve natural resources and reduce one’s impact on the environment, and recycling is seen as a more efficient process than the production of lead through mining.
Additional factors influencing the battery recycling market include the rise in digitization, government initiatives and policies for energy conservation and the expansion of end-use industries. In addition, the forecast period of 2021 to 2028 sees an increase in the demand for electric vehicles and subsidies to encourage battery recycling.
In contrast, it is predicted that high recycling costs and safety concerns about the storage and disposal of spent batteries will limit market growth. It is predicted that the battery recycling market will be challenged in the years 2021-2028 by a lack of lithium extraction technologies from spent lithium-based batteries.
In this battery recycling market report, you’ll find information on the latest developments in trade regulations and import export analysis, as well as production and value chain optimization, market share, and the impact of domestic and localised market players. This report also analyses opportunities in terms of emerging revenue pockets and regulatory changes. An Analyst Brief from Zion Market Research will help you make an informed market decision that will lead to market growth in the battery recycling market.
Size and Scope of the Battery Recycling Industry in the World
Chemistry, source, material, consumer segment, application, and end user are some of the sub-segments of the battery recycling market. The growth of segments helps you identify niche pockets of growth and strategies for entering the market, as well as the difference between your core application areas and your target markets.
The battery recycling market is divided into lead acid battery, lithium-based battery, nickel-based battery, and other batteries based on chemistry. Alkaline, lithium and mercury batteries are just some of the other types of batteries that exist.
Automobile batteries, industrial batteries, and consumer and electronic appliance batteries are the three main types of recycled batteries.
As far as the types of materials that can be recycled from a battery are concerned:aluminium and plastic.
On the basis of consumer segmentation, the battery recycling market is divided into OEMs and aftermarket.
The battery recycling market is broken down into transportation, consumer electronics, and industrial applications based on application.
The battery recycling market is broken down into four categories: extraction, reuse, repackaging and second life, and disposal, depending on the end user.
A Country-Level Analysis of the Battery Recycling Market
Market size and volume data are provided by country, chemistry, source, material, consumer segment, application, and end user in the above-mentioned research on lighting control systems.
In North America, the United States, Canada, and Mexico are included, as are Brazil, Argentina, and the rest of South America, as well as Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the rest of Europe in Europe, as well as Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines in Asia-Pacific (APAC) (MEA).
Since North America has a strong commercial infrastructure and a growing demand for electric vehicles, it is the dominant market for battery recycling. This forecast period from 2021 to 2028 is expected to see significant growth in the Asia-Pacific region due to rising demand from end-use industries such as automotive.
In addition, the country section of the report provides information on the impact of individual market factors and changes in domestic regulations on the current and future market trends. Data points such as Porter’s five forces analysis, down-stream and upstream value chain analysis, technical trends, and case studies are used to forecast the market scenario for individual countries. ‘ The impact of domestic tariffs and trade routes as well as the presence and availability of global brands are also taken into consideration while providing forecast analysis for the country data.
Analysis of Battery Recycling Market Shares and the Competitive Environment
The competitive landscape of the battery recycling market is broken down by competitor. It includes company overview, financials; revenue generated; investment in R&D; new market initiatives; regional presence; company strengths and weaknesses; product launch; product width and breadth; application dominance; and other details. The information provided above only pertains to the report focus of the companies mentioned.
A few of the major players in this report are Call2Recycle Inc. Aqua Metals Inc. Umicore Exide Technologies ENERSYS Gravita India Ltd. Johnson Controls International plc Teck Resources Limited Gopher Resource ECOBAT Logistics Terrapure Environmental East Penn Manufacturing Company among others.
Battery Recycling Market Zion Market research is a leader in consulting and formative research that is both advanced and cutting- edge. We take great pride in providing our customers with data and analysis that are tailored to their specific needs and objectives. It is possible to tailor the report to include additional data, such as a price trend study of target brands, a study of additional countries, import export and grey area data, literature review, consumer analysis, and a product base study.
From technology-based analysis to market portfolio strategies, market analysis of target competitors can be examined. In the format and data style you desire, we can add as many competitors as needed to your list. Our team of analysts can also assist you in creating presentations from the data sets available in the report by providing you with raw Excel files with pivot tables (Fact book) or by assisting you in creating a presentation from the data sets.