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Battery Recycling Market (Battery Type - Lead-acid Battery, Nickel-based Battery, and Lithium-based Battery Type; Application - Transportation, Industrial, and Consumer Electronics): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : November, 2021

  • Rep Id : ICT003023

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the battery recycling market provides an in-depth analysis of segments and sub-segments in the global as well as regional battery recycling market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional battery recycling market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global battery recycling market. According to the report, the global battery recycling market is projected to grow at a CAGR of 8.6% over the forecast period of 2021-2027.

 

Market Insight

Batteries contain a number of toxic chemicals and disposing of them through trash has raised concerns of over soil contamination and water pollution. Hence, the battery recycling activity aims to reduce the number of batteries being disposed of as municipal waste. Most of the batteries that can be recycled are as follows lead-acid automotive battery, button cells, alkaline and rechargeable batteries such as nickel cadmium, lithium-ion, and nickel zinc. Moreover, almost all household batteries, battery packs from mobile phones, power tools, laptops, & remote control units, and car batteries can be recycled. Battery recycling prevents the degradation of the environment and health hazards caused by the disposed of batteries. As a result, sorting of batteries based on their chemical composition becomes an important feature of the battery recycling market.

 

Numerous non-profit and government organizations have taken steps to increase the awareness about harmful effects of disposal of the battery and they have collaborated with several automotive companies . Therefore the increase in environmental concerns is projected to fuel the growth of the battery recycling market. However, low awareness about battery recycling is likely to restrain the growth of the battery recycling market during the forecast period. On the other hand, disposal of these batteries in garbage dumps also hampers the recycling process due to the difficulty faced in sorting these batteries. This causes pollution in the environment along with various other hazards. Furthermore, the automotive sector has emerged as the leading application of batteries due to the use of lead acid batteries in vehicles. This in turn is expected to create huge growth opportunities for the key players in the global battery recycling market. The growing Number of Hybrid and EV Batteries are also creating lucrative growth opportunities for the growth of the battery recycling market over the upcoming years.

 

Among the geographies, Europe dominated the battery recycling market owing to stringent governmental laws such as battery directives. According to the European Commission, this directive contributes to the protection, preservation, and improvement of the quality of the environment. However, the market in the Asia Pacific is projected to expand at a significant pace owing to the increase in the demand for batteries in developing countries such as India and China. On the other hand, the recycling rate of used lead acid batteries is more in the North American regions. More than 20 states in the United States have state recycling requirements in effect and around eight states have authorized battery producers to offer battery recycling.

 

Segment Covered

The report on the global battery recycling market covers segments such as battery type, and application. On the basis of battery type, the sub-markets include lead-acid battery, nickel-based battery, and lithium-based battery type. On the basis of application, the sub-markets include transportation, industrial, and consumer electronics.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Call2Recycle, Inc., Panasonic Corporation, Umicore, Battery Solutions, Inc, Retriev Technologies, G&P Batteries, ENERSYS, Johnson Controls, and Gravita India Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the battery recycling market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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