Battery Recycling Market size was valued at USD 8.74 billion in 2016 and is anticipated to reach USD 21.04 billion by 2025, with a CAGR of 10.4%. Stringent government regulations coupled with a progressive environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance with environmental protection and conservation is proving to be a growing impetus for battery recycling market. Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with government recognizing the need for implementing initiatives in order to recycle batteries are constructive drivers to the market.
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Market Synopsis of Battery Recycling Market:
Successful JV’s between
profitable ventures and NGO’s in collaboration with leading automobile
manufacturers has boosted the battery recycling market. Battery recycles market
still being in nascent stage and giving leverage to technological advancements
comprising new entrants and small players descending on the market with high
capital investments notwithstanding, market is surging forward thanks to
growing incentives from government and environmental institutions.
Mergers and Acquisitions (M and
A) have also incremented sales forecasting impressive sales figures with
concurrent business expansions leading to satisfied customers. Restraints,
owing to ignorance of discerning populace in relation to battery recycling and
environmental constraints with regard to battery disposal exists, with the
awareness level of industries continuing to be strong thanks to the application
of recycled battery in electronics and automotive sectors.
Based on battery source, Battery
recycling market is segmented into automotive, electronic appliance and others.
Based on chemistry, battery recycling market is segmented into lithium ion,
lead acid and Nickel Cadmium (Ni-Cd). Based on end-use, the classification
comprises extraction of material, repackaging, reuse and second life, disposal.
Region-wise segmentation includes
North America, Europe, Asia Pacific, MEA and Latin America. The automotive
sector in battery recycling market continues to enjoy wide popularity in the
spent battery source segment during the forecast period and hence is a
confirmed market leader in the battery recycling market. A proportionately high
figure of lead acid batteries conventionally employed in vehicles and
displaying a pre-disposition towards the recycling industry has given rise to
battery recycling market which has boosted the market.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Battery Recycling:
Market Variables, Trends & Scope
Chapter 4 Battery Recycling:
Product Estimates & Trend Analysis
Chapter 5 Battery Recycling:
Application Estimates & Trend Analysis
Chapter 6 Battery Recycling:
End-use Estimates & Trend Analysis
Chapter 7 Battery Recycling:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Battery Recycling:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Battery Recycling:
Manufacturers Company Profiles
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