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Battery Recycling Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Battery Recycling Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Battery Recycling Market: By Battery Type (Lithium-ion, Lead-acid, Nickel-cadmium), By Battery Source (Automotive, Electronic Appliances), By Material (Manganese, Iron, Lithium, Nickel, Cobalt, Lead, Plastic, Aluminum), By End user (Extraction of Material; Repackaging Reuse and Second Life, Disposal) and Geography

 

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Report

Description

The battery Recycling Market was valued at USD 17.3 billion in 2021 and is anticipated to grow at USD 23.3 billion till 2028 recording a CAGR of 6.2% during the forecast period 2022-2028 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. Battery Recycling Market is the activity of reprocessing and reusing batteries in order to reduce the amount of batteries discarded as garbage. Many heavy metals and hazardous compounds are found in batteries. The simple act of disposing batteries as rubbish has raised environmental issues due to soil and water contamination. As a result, batteries must be recycled in order to comply with health and environmental requirements in order to minimise harm to the environment and living creatures. This feature is projected to drive the worldwide battery recycling market further in the coming years.

Battery Recycling Market

MARKET SUMMARY
-
6.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.2%
  • Largest Market– Europe
  • Fastest Growing Market– North America

Global Battery Recycling Market

  • The report on global market gives historical, current, and future market sizes (US$ Bn) 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.
Market Key Players
  • Call2Recycle, Inc.,
  • Eco-Bat Technologies Ltd.,
  • Aqua Metals, Inc.,
  • Exide Technologies,
  • G&P Batteries,
  • Johnson Controls Inc.,
  • Battery Solutions Inc.
  • Vinton Batteries Limited,
  • Umicore SA.
  • Enersys
  • Gravita India Limited
  • Retriev Technologies, Inc.
Growth

Battery Recycling Market

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 Got Significant Share

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • he report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
  • 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
Key

Key Findings of the Report:

Battery Recycling Market Segmentation

segmentation-block-image

Battery Type

    • Lead-Acid Battery
    • Nickel-based Battery
    • Lithium-based Battery
    • Others
segmentation-block-image

Source

    • Automotive
    • Industrial
    • Consumer & electronic appliance
segmentation-block-image

Based on material

    • Manganese,
    • Iron,
    • Lithium,
    • Nickel,
    • Cobalt,
    • Lead,
    • Plastic.
segmentation-block-image

End User

    • Extraction Of Material
    • Reuse, Repackaging & Second Life
    • Disposal
Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Report

Table Of Content

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Report

Company Profile

  • 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.)

Description

The battery Recycling Market was valued at USD 17.3 billion in 2021 and is anticipated to grow at USD 23.3 billion till 2028 recording a CAGR of 6.2% during the forecast period 2022-2028 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. Battery Recycling Market is the activity of reprocessing and reusing batteries in order to reduce the amount of batteries discarded as garbage. Many heavy metals and hazardous compounds are found in batteries. The simple act of disposing batteries as rubbish has raised environmental issues due to soil and water contamination. As a result, batteries must be recycled in order to comply with health and environmental requirements in order to minimise harm to the environment and living creatures. This feature is projected to drive the worldwide battery recycling market further in the coming years.

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