Global Battery
Recycling Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Battery Recycling so that
market participants can improve their business strategy and ensure long-term
success. This report provides players with useful information and suggests
result-based ideas to give them a competitive advantage in the global Battery
Recycling industry. It will show how other players compete in the global Battery
Recycling market and explain the strategies you use to differentiate yourself
from other participants.
This Research Report
Answers the Following Questions:
·
How Battery
Recycling market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Battery Recycling?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global battery
recycling market size was valued at USD 8.74 billion in 2016 and is anticipated
to reach USD 21.04 billion by 2025, with a CAGR of 10.4%. Stringent government
regulations coupled with a progressive environment to pursue factors related to
reduction in emission of formidable greenhouse gases and compliance with
environmental protection and conservation is proving to be a growing impetus
for battery recycling market. Spent batteries pose immense health hazards and
impair the ecosystem significantly and coupled with government recognizing the
need for implementing initiatives in order to recycle batteries are
constructive drivers to the market.
Successful JV’s between
profitable ventures and NGO’s in collaboration with leading automobile manufacturers
has boosted the battery recycling market. Battery recycles market still being
in nascent stage and giving leverage to technological advancements comprising
new entrants and small players descending on the market with high capital
investments notwithstanding, market is surging forward thanks to growing
incentives from government and environmental institutions.
Region-wise segmentation
includes North America, Europe, Asia Pacific, MEA and Latin America. The
automotive sector in battery recycling market continues to enjoy wide
popularity in the spent battery source segment during the forecast period and
hence is a confirmed market leader in the battery recycling market. A
proportionately high figure of lead acid batteries conventionally employed in vehicles
and displaying a pre-disposition towards the recycling industry has given rise
to battery recycling market which has boosted the market.
As a news article dated Jul
2016 puts, a record 7.3 million pounds worth of single use and rechargeable
batteries have been recycled in 2016. This corresponds to an excess of 115
million batteries being diverted from Canadian and U.S landfills and being put
to recycle over the past 20 years. As news article dated Mar 2016 puts in
print, the actual amount of waste batteries collected in 2015 exceeded 14,879
tons and a significant drop is observed in last quarter of the year totaling
4,022 tons. The amount noticed was in a ratio of 2507 tons for lead acid
batteries to 125 tons with Ni-Cd batteries.
The news also lets out that
recycling target can be attached to only portable batteries and UK has
significantly raised the portability bar to 4Kg and in accordance with this
stipulation, waste batteries weighing more than 4Kg cannot be termed as
portable. The key industry players include battery Solutions LLC, Call2Recycle,
Inc., EastPenn Manufacturing Co, EnerSys, Exide Technologies, G and P
Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies,
Inc., and UmiCore N.V.
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