Battery Recycling Market Outlook to 2025: Top Manufacturer Analysis, Industry Overview and Forecast Report
The Battery Recycling Market
report provides a detailed evaluation of the industry by highlighting
information on different aspects which include drivers, restraints, growth
opportunities, and threats. This information can help stakeholders to make
appropriate decisions before investing. It also provides a detailed analysis of
global market size, regional and country-level market size, competitive
landscape, impact of domestic market players and value chain optimization. Furthermore,
it sheds light on the market contribution, recent developments and successful
marketing strategies of leading companies.
Market Insights
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.
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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.
Mergers and
Acquisitions (M and A) have also incremented sales forecasting impressive sales
figures with concurrent business expansions leading to satisfied customers.
Restraints, owing to ignorance of discerning populace in relation to battery
recycling and environmental constraints with regard to battery disposal exists,
with the awareness level of industries continuing to be strong thanks to the
application of recycled battery in electronics and automotive sectors.
Chemistry Outlook (Revenue, USD Million; 2014 - 2025)
• Lithium-ion
•
Lead acid
• Nickle
• Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Transportation
• Consumer electronics
• Industrial
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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Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
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