Battery Recycling Market is expected to rise at annual rate of 8.45% in the forecast period of 2020 to 2027 and is anticipated to reach USD 24.77 billion by 2027 due to influential administration ordinances and the blooming end-user enterprises counting customer electric appliances, transport, and manufacturing applications which are adding thrust to the growth of the market.
- On the other hand, the rapidly increasing amount of electric vehicle batteries and hybrid vehicles are catering various new opportunities for the market to grow in the above mentioned forecast period.
Battery Recycling Market Scenario
According to Data Bridge Market Research, the market for battery recycling is accelerating owing to certain factors such as the composition of lead and other rudimentary substances by the recycling process is an energy proficient manner as associated to the generation of lead done by drilling. In addition, the power saving method also helps in decreasing carbon discharge which is helping the market to grow. The security concerns linked with store houses and the delivery of used batteries will act as restraints to the market growth in the forecast period of 2020 to 2027.
Now the question is which are the other regions that battery recycling market is targeting? Data Bridge Market Research has forecasted a large growth in the Europe in the forecast period of 2020 to 2027 owing to the increasing yield of used batteries from various end-user origins, such as manufacturing, automotive and customer and automatic apparatuses.
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Battery Recycling Market Development
- In November 2019, uRecycle has proclaimed its plan to build a new factory in the port of Rotterdam for recycling and re-use of batteries. This new facility is projected to start operating in the first half of 2020 along with 40 new workers to be employed in the factory. This announcement will help the company to mark its presence in the market.
Battery Recycling Market Scope
Battery recycling market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of battery recycling market is further analyzed based on maximum granularity into further segmentation. On the basis of chemistry, the battery recycling market is segmented into lead acid battery, lithium-based battery, nickel-based battery, and other batteries. Other Batteries include nickel metal hydride, alkaline, lithium, and mercury, zinc-carbon, and zinc-air batteries. On the basis of source, the battery recycling market is segmented into automotive batteries, industrial batteries, and consumer & electronic appliance batteries. On the basis of consumer segment, the battery recycling market is segmented into original equipment manufacturers, and aftermarket. On the basis of end user, the battery recycling market is segmented into extraction of material, reuse, repackaging and second life, and disposal. On the basis of material, the battery recycling market is segmented into iron, manganese, nickel, lithium, lead, cobalt, aluminum, and plastic. On the basis of application, the battery recycling market is segmented into transportation, consumer electronics, and industrial.
- Battery recycling is a process of reprocessing and reuse practice of batteries along with purpose of diminishing the number of batteries being thrown away as waste material. Batteries come with many toxic chemicals and heavy metals.
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Key Pointers Covered in the Battery Recycling Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Call2Recycle, Inc
- Aqua Metals, Inc
- Umicore
- Exide Technologies
- ENERSYS
- Gravita India Ltd
- Johnson Controls International plc
- Teck Resources Limited
- Battery Solutions, LLC (BSL)
- Gopher Resource
- ECOBAT Logistics
- Terrapure Environmental
- East Penn Manufacturing Company
Above are the key players covered in the report, to know about more and exhaustive list of battery recycling companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-battery-recycling-market
Research Methodology of Battery Recycling Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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