Global Battery Recycling Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Battery Recycling
Market Size, Share & Trends Analysis Report, By Type (Lead-Acid Battery, Nickel-Based Battery, Lithium-Ion Battery, and Others), By Source (Automotive, Industrial, And Consumer Electronics), and Forecast 2019-2025.
The global battery recycling market is expected to grow at 6.5% CAGR during the forecast period 2019-2025. The battery contains harmful substances such as lead and cadmium, which is very harmful to the environment and hence are needed to be recycled. Rising government initiatives and supportive programs to encourage battery recycling are expected to drive the growth of the global battery recycling market. Further, urbanization in emerging economies and increasing demand for batteries in electric vehicles are expected to create an opportunity for the growth of the market in the near future.
The global battery recycling market is segmented on the basis of type and source. Based on the type, the market is segmented into the lead-acid battery, nickel-based battery, lithium-ion battery, and others. The lead-acid battery recycling market is expected to hold a significant share in the market while the lithium-ion battery is expected to witness a remarkable growth rate during the forecast period. Further, on the basis of application, the market is segmented into automotive, industrial, and consumer electronics. The automotive segment contributed significantly to the battery recycling market. in addition, the segment is expected to grow at a significant rate during the forecast period owing to increasing demand for batteries for electric vehicles.
Geographically, the study of the global battery recycling market report covers the analysis of four major regions; North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of the World (RoW). Europe is expected to hold a considerable share in the market, while Asia-Pacific is expected to exhibit a noticeable growth. Further, the study of the report covers the analysis of several players operating in the market. Some of the players include Glencore PLC, Aqua Metals, Inc., Excide Technologies, Umicore NV, EnerSys, East Penn Manufacturing Co., Gopher Resource, and Battery Solutions LLC.
The market study of the global battery recycling market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for battery recycling service providers, government and research organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunity. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better market decisions.