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.
Browse full research report on Global
Battery Recycling Market: http://www.grandviewresearch.com/industry-analysis/battery-recycling-market
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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage
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.
For more information: www.grandviewresearch.com
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