May 18, 2019 (AB Digital via COMTEX) — This market report involves use of latest tools and techniques for researching, analysing and gathering of data and information. Battery recycling market report performs systematic gathering, recording and analysis of data about the issues related to the marketing of goods and services and serves the businesses with an excellent market research report. The report provides intelligent solutions to the complex business challenges and commences an effortless decision-making process. And our team of enthusiastic analysts, skilled researchers and experienced forecasters work meticulously to generate such kind of market reports. This battery recycling market research report is a painstaking investigation of current scenario of the market and future estimations which covers several market dynamics.
The report gives CAGR values along with its fluctuations for the specific forecast period. The report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. The battery recycling report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the industry. This battery recycling market research report is framed with the most excellent and sophisticated tools of collecting, recording, estimating and analysing market data. battery recycling market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent.
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Global battery recycling market is expected to rise from its initial estimated value of USD 9.31 billion in 2018 to an estimated value of USD 15.30 billion by 2026, registering a CAGR of 6.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in high demand for recycled products and materials.
Key Market Competitors:
Few of the major competitors currently working in the global battery recycling market are Call2recycle Inc, Aqua Metals Inc, Umicore, Exide Technologies, Johnson Controls, Enersys, Gravita India Limited, Teck Resources Limited, Battery Solutions, Inc., Gopher Resource, G&P Batteries, Terrapure Environmental, East Penn Manufacturing Company, Retriev Technologies, COM2 Recycling Solutions, RSR Corporation, The Doe Run Company, Raw Materials Company, World Logistics, Guangdong Brunp Recycling Technology Co., Ltd, Metalex Limited, Accurec Recycling GmbH, Kinbursky Bros. Supply Inc., Recupyl S.A.S, Vinton Batteries and many more.
Key Developments in the Market:
- In February 2019, the United States Department of Energy (DOE) has started a battery recycling research and development centre in Chicago. The major focus of this R&D facility is to recycle materials from lithium-ion batteries. This new initiative by US Government will lead US as a major player in the world of battery recycling.
- In September 2017, a conference was held by International Congress for Battery Recycling ICBR. In this the latest trends in the battery industry, impact which will increase electric mobility and new developments that are shaping the battery recycling sector had been discussed. This has changed the global aspect towards battery Recycling, as 225 industries experts who attended this conference exchanged their views on battery recycling.
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Global battery recycling market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of battery recycling market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Battery Recycling Market
- By Battery Type
- Lead-Acid Battery
- Nickel-based Battery
- Lithium-based Battery
- By End User
- Extraction Of Material
- Reuse, Repackaging & Second Life
- By Source
- Consumer & electronic appliance
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- Stringent government regulations for battery disposal
- Depletion of earth metals
- High demand for recycled products and materials
- Safety Issues related to storage and transportation of old batteries
- Requirement of Transportation and storage is a restraint for this market
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