Battery Recycling Market Insights:
The Battery Recycling Market size was valued at USD 19.36 Billion in 2022, expecting a CAGR of 6% during the forecast period (2023-2030), and the market is projected to be worth USD 30.86 Billion by 2030.
Driver:
The increased adoption of Battery Recycling in the Power Generation & Storage industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Battery Recycling also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Battery Recycling in many sectors also boosts the market growth during the forecast period.
Battery recycling refers to the process of recovering valuable materials from used batteries, such as lead-acid, nickel-cadmium, lithium-ion, and others, in order to reuse them for manufacturing new batteries or other products. The recycling process involves the collection, sorting, disassembly, and separation of batteries into their component parts, including metals, plastics, and electrolytes. The recovered materials can be used to make new batteries or other products, reducing the environmental impact of battery disposal and conserving natural resources. Battery recycling is becoming increasingly important as the demand for batteries continues to grow with the rise of electric vehicles and other electronic devices.
Battery Recycling Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Lead-Acid Based Battery, Lithium-Ion Based Battery, Nickel-Based Battery, Other Battery Types), By Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries), and companies (Call2Recycle, Aqua Metals, Exide Technologies, Glencore, Gravita India Ltd., Cirba Solutions, Gopher Resource, East Penn Manufacturing Co., American Battery Technology Company), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 30.86 Billion |
| CAGR (2023-2030) | 6% |
| By Type | Lead-Acid Based Battery, Lithium-Ion Based Battery, Nickel-Based Battery, Other Battery Types |
| By Source | Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Call2Recycle, Aqua Metals, Exide Technologies, Glencore, Gravita India Ltd., Cirba Solutions, Gopher Resource, East Penn Manufacturing Co., American Battery Technology Company |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Battery Recycling market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Call2Recycle, Aqua Metals, Exide Technologies, Glencore, Gravita India Ltd., Cirba Solutions, Gopher Resource, East Penn Manufacturing Co., American Battery Technology Company
Market Segment Analysis:
By Chemistry
- Lead-Acid Based Battery
- Lithium-Ion Based Battery
- Nickel-Based Battery
- Other Battery Types
By Source
- Automotive Batteries
- Industrial Batteries
- Consumer & Electronic Appliance Batteries
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Battery Recycling industries in the region.
Key Battery Recycling Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Battery Recycling Market segments.
– Largest Market Share Held by Industry to Industry for Battery Recycling
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Battery Recycling Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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