“The global 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.
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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.
“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.
“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.
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Others includes sales, marketing, and product managers
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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