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Global Battery Recycling Market
Global Battery Recycling Market Report Description:
Global battery recycling market report gives comprehensive outlook on battery recycling market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of battery chemistry, battery source, end user and region. This report studies global market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global battery recycling market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global battery recycling market products.
Global Battery Recycling Market:
The Global Battery Recycling Market estimated to be valued US$ XX Mn in 2019 and poised to grow at significant CAGR over 2020-2026 due to increase in number of spent batteries from the automotive sector and industries. Moreover, the strict government rules and norms making battery recycling mandatory to reduce environmental pollution and health hazards during manufacturing and disposal of battery and rise in R&D activities for the development of battery recycling market are the major factors that are driving the growth of the global market over the forecast timeframe.
Increase in the Environmental pollution
Increase in the environmental pollution is a key factor drive the global battery recycling market. As batteries consists of toxic chemicals and heavy metals on disposing them in the same way as the normal trash will cause water and soil contamination. Moreover, increased concern towards environment lead the government to make stringent laws regarding pollution like, The Universal Waste Rule and The Mercury-containing and Rechargeable Battery Management Act (The Battery Act) in United States are anticipated to propel the global market over the forecast years.
Europe Accounts for Larger Market Revenue Share in Global Battery Recycling Market
Europe accounted for larger revenue share in global battery recycling market with significant CAGR. Strict government laws that protect, preserve and improve the quality of environment and rise in number of spent batteries from automobile industry and other industries are anticipated to propel the market. North America battery recycling market projected to grow at significant rate owing to increase in automotive industries and increase in demand for the recycling of batteries in various sectors.
Competition Assessment
- 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.)
Key Findings of the Report:
- Global battery recycling market expanding at significant CAGR over 2020 to 2026 owing to increase in the prevalence of cancer and other infectious diseases
- Based on battery type, lead acid batteries accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period.
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global battery recycling market
Detailed Segmentation
By Battery Type
- Lead-Acid Battery
- Nickel-based Battery
- Lithium-based Battery
- Others
By Source
- Automotive
- Industrial
- Consumer & electronic appliance
Based on material
- Manganese,
- Iron,
- Lithium,
- Nickel,
- Cobalt,
- Lead,
- Plastic.
By End User
- Extraction Of Material
- Reuse, Repackaging & Second Life
- Disposal
Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
