Battery Recycling Market 2019 | Global Insights on Technology Trends, Recent Developments, Application, Product Scope and Business Opportunities
Global Battery Recycling Market was Valued at US$ XX Mn in 2017, Growing Concerns Regarding Environmental Pollution Driving The Market
Analyst Speak:
“The Global Battery Recycling Market was valued around US$ XX Mn by 2017 and growing at a significant CAGR over seven years forecast period 2018-2024 owing to increased awareness regarding the environmental pollution.”
Precision Business Insights (PBI) in its report titled “Global Battery Recycling Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global battery recycling market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to increase in awareness regarding environmental pollution and health hazards of disposing batteries, rise in demand for electric vehicles, industrialization, government rigid laws to prevent the environmental pollution, and innovative technologies are expected to drive the global battery recycling market. However, high cost for the transport, problems related to storage of batteries, safety issues related to transport of batteries are anticipated to hinder the revenue share of global battery recycling market.
Global battery recycling market segmented based on battery type, end user, source, and region
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Lead Acid batteries Dominates the Global Battery Recycling Market
Based on the type of batteries, global battery recycling market segmented into Lithium-ion, Lead-acid, and Nickel-cadmium. Lead acid batteries dominated the global battery recycling market in 2017 and estimated to dominate over the forecast period owing to its recyclable nature, reliability, cost effectiveness, high safety, and wide range of applications. However, a faster growth rate observed for lithium-ion batteries due to its increased demand in various industries like electric vehicles, energy storage systems.
Europe Leads the Global Battery Recycling Market
PBI’s global battery recycling market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Europe accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to development of advanced technologies to recycle batteries and strict government norms and policies regarding environmental pollution are propel the market. North America battery recycling market projected to exhibit significant growth due to increased demand in automotive and other industries.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global battery recycling market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In February 2017, Johnson Controls and Aqua Metals signed a break-through battery recycling technology partnership under which Johnson Controls will supply batteries to Aqua Metals for recycling and purchase the produced refined lead from Aqua Metals.
Key player’s profiles in the report are
• Call2Recycle, Inc., (U.S.)
• Eco-Bat Technologies Ltd., (U.K)
• Aqua Metals, Inc., (U.S.)
• Exide Technologies, (U.S.)
• G&P Batteries,(U.K)
• Johnson Controls Inc., (U.S.)
• Battery Solutions Inc., (U.S.)
• Vinton Batteries Limited, (U.K)
• Umicore SA. (Belgium)
• Enersys (U.S.)
• Gravita India Limited (india)
• Retriev Technologies, Inc. (U.S.)
Detailed Segmentation
By Battery Type
o Lead-Acid Battery
o Nickel-based Battery
o Lithium-based Battery
o Others
By Source
o Automotive
o Industrial
o Consumer & electronic appliance
Based on material
o Manganese,
o Iron,
o Lithium,
o Nickel,
o Cobalt,
o Lead,
o Plastic,
o Aluminum.
By End User
o Extraction Of Material
o Reuse, Repackaging & Second Life
o Disposal
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA
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https://www.precisionbusinessinsights.com/market-reports/global-battery-recycling-market/
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