Battery Recycling Market

25 Feb

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Battery Recycling Market Poised to Grow at a CAGR of 9.0% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Battery Recycling Market. The report presents analysis of global as well as regional markets of battery recycling market over the period of 2016 to 2024.

 

Batteries contain number of toxic chemicals and disposing 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 as a 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 environment and health hazards caused from the disposed batteries. As a result, sorting of batteries based on their chemical composition becomes an important feature of battery recycling market.

 

Lightweight properties of lithium-ion batteries in electrical vehicles and portable devices due to high efficiency, long life, and low maintenance are driving the growth 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 of these batteries. This causes pollution in the environment along with various other hazards. Furthermore, the automotive sector has emerged as the leading applications 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. Growing Number of Hybrid and EV Batteries are also creating lucrative growth opportunities for growth of the battery recycling market over the upcoming years.

 

Among the geographies, Europe dominated the battery recycling market owing to the 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 Asia pacific is projected to expand at a significant pace owing to the increase in the demand for batteries in the 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. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global battery recycling market but also make strategic decisions to capture the most lucrative markets in the near future.

 

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global battery recycling market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1487

 

The recent report identified that Europe dominated the global battery recycling market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the battery recycling market worldwide.

 

The report segments the global battery recycling market on the basis of  Battery Type and End Use.

 

Global Battery Recycling Market by Battery Type

·         Lead-Acid Battery

·         Nickel-based Battery

·         Lithium-based Battery

 

Global Battery Recycling Market by End User

·         Extraction Of Material

·         Reuse, Repackaging & Second Life

·         Disposal

 

Companies Profiled in the Report

·         Call2Recycle, Inc.

·         Aqua Metals

·         Umicore

·         Exide Technologies

·         Battery Solutions LLC

·         Retriev Technologies, Inc.

·         G & P Batteries

·         Enersys

·         Johnson Controls

·         Gravita India Limited

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

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