Global Battery Recycling Market Overview And Prospects
Learn about the global battery recycling market through The Business Research Company, which provides information on battery recycling market size, battery recycling market drivers and restraints, battery recycling market players, the COVID-19 impact on the battery recycling market, and more.
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The global battery recycling market is expected to grow from $9.97 billion in 2020 to $11.04 billion in 2021 at a compound annual growth rate (CAGR) of 10.76%. The growth is mainly due to increase in awareness about battery recycling. The battery recycling market is expected to reach $16.90 billion in 2025 at a CAGR of 11.23%.
The increasing adoption of electric vehicles is expected to drive innovation in battery recycling, thus driving the market during the forecast period.
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The battery recycling market consists sales of recycled batteries by entities (organizations, sole traders and partnerships) and related services. Battery recycling is the method of reusing and reprocessing batteries in order to reduce the number of batteries being disposed as waste.
Global battery recycling market segments include:
By Type: Lead-Acid Battery, Nickel-Based Battery, Lithium-Based Battery, Other Battery Types
By Processing State: Extraction Of Material, Reuse, Repackaging And Second Life, Disposal
By Application: Automotive, Consumer Electronics, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the battery recycling market in 2020.
Major companies operating in the battery recycling market are entering into strategic collaborations to improve know how and enhance battery recycling efficiency.
TBRC’s battery recycling market report covers:
Major Market Players: Li-Cycle, Battery Solutions, LLC, Exide Technologies, Umicore, Aqua Metals, Inc, Gravita India Limited, Exide Industries Ltd, ECOBAT Logistics, East Penn Manufacturing Company, ENERSYS, Fortum Oyj, Accurec Recycling GmbH, Eco-Bat Technologies Ltd, Terrapure Environmental, Brunp Recycling, and Anhua Taisen Recycling Technology.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Battery Recycling Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides battery recycling market overviews, analyzes and forecasts market size, share, battery recycling market players, battery recycling market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s battery recycling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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