Global battery recycling market, 2013-2023
Battery recycling is activity of minimize the battery waste make it re-functional with the process. Now a days most of the dead battery has been scrap and disposed to municipal corporation. Battery contains heavy toxic chemicals and metals, these scrap makes the water, soil and environment pollute. To minimize the pollution the one step has been taken ahead, that is, battery recycling.
Most types of batteries can be recycled including lead–acid automotive batteries (nearly 90% are recycled) and button cells (because of the value and toxicity of their chemicals), rechargeable nickel–cadmium (Ni-Cd), nickel metal hydride (Ni-MH), lithium-ion (Li-ion) and nickel–zinc (Ni-Zn).Moreover, almost all household batteries, battery packs from mobile phones, laptops battery, Power Bank, and car batteries can be recycled. Battery recycling protect the environment free from pollution causes by battery chemicals and scrap.
The global battery recycling market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global battery recycling market is growing at a fast pace and increasing its geographical footprint rapidly. The global battery recycling market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.
The growth is comparatively higher in Asia Pacific and North America regions due to automotive sector and electronics sector are in boom. The high efficiency, long life, and low maintenance of batteries and recyclability properties of battery makes the market growth in future. Also, government enforces the law for recycling of battery waste.
Recycled battery has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of recycling battery market globally. The government policy of save environment and human form the effect of battery waste are the key drivers for recycling battery market growth. The leading suppliers and manufacturers’ global recycling battery market are Exide Technologies, G & P Batteries, Retriev Technologies, Aqua Metals, Umicore, Battery Solutions LLC, Enersys, and Gravita.
The research process includes the market segmentation of the global recycling battery market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the recycling battery industry experts. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type:
Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global battery recycling industry dynamics
Estimation of the present global battery recycling market size in terms of value and volume
Global battery recycling market breakup based on types and applications.
Substantiated global battery recycling market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global battery recycling industry value chain.