Battery Recycling Market|Industry Trends|Market Insights|Market Forecast to 2026
The Global Battery Recycling Market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
The primary objective of building a good battery is a long life, safety, and low price. Batteries are expensive and have a relatively short life span. As discarded batteries grow by the tonnage, entrepreneurs are enticed to start a business in recycling. Recycling is an afterthought and manufacturers do little to simplify the retrieving of precious metals. The recycling business is small compared to the vast battery industry. For the reduction of CO2 emissions to a large extent, recovered metal has been used for recycled battery production.
Japan Portable Rechargeable Battery Recycling Center (JBRC) was created to handle and promote battery recycling throughout Japan. They provide battery recycling containers to shops and other collection points.
Market Dynamics:
Rising interest for recycled materials and products, increasing electric vehicles worldwide and stringent government regulations are the major drivers impacting the growth of the market. The Mercury-Containing and Rechargeable Battery Management Act of 1996 (“Battery Act”) has made some important strides in protecting the environment and human health.
Safety and security concerns related to transportation and storage of batteries is the major restraint hampering the growth of the market.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/battery-recycling-market
Market Segmentation:
By application, the battery recycling market is segmented into lithium-based battery, nickel-based battery, lead-acid battery, and others. Others include Mercury, Zinc-Carbon, Zinc-Air, Alkaline. Increasing the usage of lithium-ion batteries in numerous applications and rise in the growth of automotive and transportation industries worldwide are likely to rise the consumption of recycled batteries in the forecast period.
On the basis of application, the battery recycling market is segmented into automotive, industrial, consumer & electronics and others. Others segment is further divided into marine and power.
Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America is expected to hold the major market share for market growth worldwide. The rise in battery recycling activities and stringent regulations in North America, especially in the U.S are the major reasons for growth of the battery market. For instance, the EPA - Environmental Protection Agency has imposed strict guidelines in recycling of lead-acid batteries in the USA.
China, India, South Korea, Australia, and Japan are expected to witness high growth rates due to the increasing demand from end-use industries like automotive industry. Companies in this region are concentrating to develop new technologies related to battery recycling. For instance, in August 2019, SK Innovation has announced that they are working on developing technology to recycle spent electric vehicle batteries. Adding to this, LG Chem and Samsung SDI are also developing technologies to recycle battery packs for electric vehicles as lithium-ion battery-powered cars are coming to the mass market worldwide.
Competitive Analysis:
Some of the major players include Johnson Control Inc, Gravita India Ltd., Exide Technologies, Battery Solutions, Inc., COM2 Recycling Solutions, Umicore, East Penn Manufacturing Co, Enersys, Guangdong Brunp Recycling Technology Co, Accurec Recycling GmbH.
View Full Report Summary: https://www.datamintelligence.com/research-report/battery-recycling-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
The primary objective of building a good battery is a long life, safety, and low price. Batteries are expensive and have a relatively short life span. As discarded batteries grow by the tonnage, entrepreneurs are enticed to start a business in recycling. Recycling is an afterthought and manufacturers do little to simplify the retrieving of precious metals. The recycling business is small compared to the vast battery industry. For the reduction of CO2 emissions to a large extent, recovered metal has been used for recycled battery production.
Japan Portable Rechargeable Battery Recycling Center (JBRC) was created to handle and promote battery recycling throughout Japan. They provide battery recycling containers to shops and other collection points.
Market Dynamics:
Rising interest for recycled materials and products, increasing electric vehicles worldwide and stringent government regulations are the major drivers impacting the growth of the market. The Mercury-Containing and Rechargeable Battery Management Act of 1996 (“Battery Act”) has made some important strides in protecting the environment and human health.
Safety and security concerns related to transportation and storage of batteries is the major restraint hampering the growth of the market.
Download Free Sample Report: https://www.datamintelligence.com/download-sample/battery-recycling-market
Market Segmentation:
By application, the battery recycling market is segmented into lithium-based battery, nickel-based battery, lead-acid battery, and others. Others include Mercury, Zinc-Carbon, Zinc-Air, Alkaline. Increasing the usage of lithium-ion batteries in numerous applications and rise in the growth of automotive and transportation industries worldwide are likely to rise the consumption of recycled batteries in the forecast period.
On the basis of application, the battery recycling market is segmented into automotive, industrial, consumer & electronics and others. Others segment is further divided into marine and power.
Geographical Analysis:
By geography, the market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America is expected to hold the major market share for market growth worldwide. The rise in battery recycling activities and stringent regulations in North America, especially in the U.S are the major reasons for growth of the battery market. For instance, the EPA - Environmental Protection Agency has imposed strict guidelines in recycling of lead-acid batteries in the USA.
China, India, South Korea, Australia, and Japan are expected to witness high growth rates due to the increasing demand from end-use industries like automotive industry. Companies in this region are concentrating to develop new technologies related to battery recycling. For instance, in August 2019, SK Innovation has announced that they are working on developing technology to recycle spent electric vehicle batteries. Adding to this, LG Chem and Samsung SDI are also developing technologies to recycle battery packs for electric vehicles as lithium-ion battery-powered cars are coming to the mass market worldwide.
Competitive Analysis:
Some of the major players include Johnson Control Inc, Gravita India Ltd., Exide Technologies, Battery Solutions, Inc., COM2 Recycling Solutions, Umicore, East Penn Manufacturing Co, Enersys, Guangdong Brunp Recycling Technology Co, Accurec Recycling GmbH.
View Full Report Summary: https://www.datamintelligence.com/research-report/battery-recycling-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results