Battery Recycling Market Potential Growth, Share, Demand And Analysis Of Key Players- Research Forecasts To 2025

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The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market growth over the next eight years.

Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products.

The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.

Companies are making efforts to improve the competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down cost & combat environmental pollution. ECOBAT has developed its own collection system to collect spent batteries.

Further key findings from the report suggest:

  • The lithium-ion segment is expected to register a CAGR of 11.3% from 2017 to 2025, due to the growing demand from the electric vehicle industry
  • Lead acid segment dominated the market in 2016 and is likely to grow at a predicted CAGR of 10.5% from 2017 to 2025 owing to its high recycling ability, cost efficiency, and high capacity
  • The transportation segment emerged as the major application in 2016 and is likely to grow at the fastest CAGR of 11.4% from 2017 to 2025 on account of growing industries such as automotive, aviation, and marine
  • Europe held revenue share of 36.8% in 2016 and is expected witness a CAGR of 9.8% from 2017 to 2025 due to strict government regulations regarding battery recycling in the region
  • The Asia Pacific region is anticipated to be the fastest-growing market from 2017 to 2025 on account of rapidly growing end-use industries including automotive, consumer electronics, and industrial application
  • Expansions, mergers & acquisitions, and agreements are the key strategies adopted by the companies over the past years. For instance, in August 2016, Aqua Metals opened its AquaRefinery to recycle lead acid batteries by using nonpolluting electrochemical process.

Grand View Research has segmented the global battery recycling market on the basis of chemistry, application, and region:

Chemistry Outlook (Revenue, USD Million; 2014 – 2025)

  • Lithium-ion
  • Lead acid
  • Nickle
  • Others

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Transportation
  • Consumer electronics
  • Industrial

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

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Battery Recycling Market 2016 Share, Trend, Segmentation and Forecast to 2024

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Batteries find extensive applications in various industries and end use applications. They are the most important equipment for electrical energy storage. In recent times the world has seen exponential growth in portable devices in critical as well as no critical functions of day to day life. This growth in portable devices has seen a tremendous growth in battery usage. Chemicals store energy in a battery and then deliver it to desired usage through a chemical reaction. In chargeable batteries this process is reversible for certain number of cycles. In non-chargeable batteries the process is not reversible. In both types of batteries once the capacity of delivering energy of the battery comes to an end it needs replacement. The new battery replaces old battery and old battery is thrown away. Due to large quantum of devices using batteries these used batteries are posing environmental concerns due to presence of hazardous chemicals. There are different ways to treat these spent batteries. These batteries can be used to extract materials, can be awarded a second life through repackaging or can be disposed scientifically.

This research study analyzes the market for battery recycling in terms of revenue (US$ Mn). The battery recycling market has been segmented on the basis of battery chemistry, spent battery source, end-use, and region. In terms of region, the market has been divided into five segments that comprise twenty five countries, which are major players in the global battery recycling market. For the research, 2014 and 2015 have been taken as the base years, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the battery recycling business. The report also includes key market dynamics such as drivers, restraints, and opportunities affecting the global battery recycling market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global battery recycling market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The high-level analysis in the report provides detailed insights into the battery recycling business globally. There are currently numerous drivers for the market. One of the most compelling drivers is rising environmental hazards across the globe created by used batteries. Market attractiveness analysis was carried out for the battery recycling market on the basis of regions. Market attractiveness is estimated on the basis of common parameters that directly impact the market in different regions.

The battery recycling market is segmented by battery chemistry (lithium ion, lead acid, nickel cadmium, and others), by spent battery source (automotive, electronic appliance, and others), and by end-use (extraction of material, repackaging, reuse, and second life). The market is analyzed across five geographies: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Regional data has been provided for each sub-segment of the battery recycling market. Key players in the market include Battery Solutions LLC, Call2Recycle, Inc., East Penn Manufacturing Company, EnerSys, Exide Technologies, G&P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies Inc., and Umicore N.V. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

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