“The Battery
Recycling Market Global Industry Research Report is projected to grow at a
CAGR of 6.5 % from 2017 to 2022”
The global battery
recycling market is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5%
from 2017 to 2022. The major reasons for the growth of the battery recycling
market include the increasing concern for environmental pollution and
enforcement of stringent environmental regulations across regions. Since
there are no any scientific disposal techniques, all spent batteries must be
redirected to recyclers to prevent air pollution and soil contamination. The rising
concerns about depleting earth metals and government initiatives to recycle
batteries are also among the drivers for the battery recycling market globally.
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“Based on chemistry, the lead acid battery segment
is the largest segment of the battery recycling market”
The lead-acid
battery chemistry segment led the battery recycling market in 2016. This
chemistry segment is evolving as the most suitable battery type for recycling
as it is the most commonly used battery and 99% of its lead content is
recyclable. In addition, the recycling of lead-acid chemistry has been proved
to be safe to the ecosystem. It is highly regulated and practiced at local,
state, national, and international levels.
“Automotive
batteries is the fastest-growing source segment in the global battery recycling
market”
The automotive
source segment is projected to witness the highest growth from 2017 to 2022. The
rising use of automobiles and growing number of government regulations to
recycle the batteries has fueled the global demand for battery recycling. The
growth in demand for recycling of batteries is particularly high in the
emerging regions such as Asia-Pacific for automobile batteries.
“Europe
led the global battery recycling market in 2016”
Europe led the
global battery recycling market in 2016. The battery recycling market in Europe
is projected to witness the highest growth in the coming years. The growing output
of spent batteries from various end-use sources, such as automotive,
industrial, and consumer & electronic appliances is responsible for the
growth of the Europe battery recycling market.
Profile break-up of primary participants
for the report:
- By Company Type: Tier 1 – 35%, Tier 2 – 35%,
Tier 3 – 30%
- By Designation: C level – 25%, Director
level – 30%, Others1 – 45%
- By Region: North America – 35%, Europe –24%,
Asia-Pacific – 20%, Middle East & Africa-12%, South & Central
America – 9%
Others
includes sales, marketing, and product managers
Furthermore, as a part of qualitative
analysis, the research provides a comprehensive review of the major market
drivers, restraints, opportunities, and challenges. It also discusses
competitive strategies adopted by key market players, such as Call2Recycle
(U.S.), Johnson Controls Inc. (U.S.), and Exide Technologies Inc. (U.S.)
Reasons
to Buy the Report:
The report will help the market leaders/new
entrants in this market by providing them the closest approximations of the
revenue numbers for the overall battery recycling market and the sub segments.
This report will help stakeholders to better understand the competitor
landscape and gain more insights to better position their businesses and make
suitable go-to-market strategies. The report also helps the stakeholders to
understand the pulse of the market and provides them information on key market
drivers, restraints, challenges, and opportunities.
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