Battery Recycling Market To Reach 34.77 billion USD Till 2030 – Growth Drivers, Share, Size, Regions, Demands, Technology and Global Forecast

Battery Recycling Market Insights

By 2030, the Battery Recycling Market is expected to be worth USD 34.77 billion, growing at a CAGR of 5.4% (2022 – 2030). Global demand is anticipated to be driven by growing worries regarding battery waste management.

This report provides an in-depth analysis of the global battery recycling market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global battery recycling market by chemistry, application, source, and region.

Recycling discarded goods has become crucial in response to the global desire to reduce humanity’s long-term carbon footprint due to growing environmental concerns around the world. Other key factors contributing to this market’s significant growth during the forecast period include growing worries about the depletion of rare and precious metals, rising demand for recycled batteries as a whole, and strict government regulations and EPA (Environmental Protection Agency) guidelines intended to reduce harmful emissions and global pollution.

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Global environmental consciousness is expected to increase over the projected year, which will influence market trends for recycling batteries. Although creating batteries is a less expensive process than recycling them, governments are moving toward recycling programmes due to the manufacturing process’s overall negative environmental effect. Governments have introduced helpful rules and policies to help market participants, which will increase the worldwide market share in the next years.

Key Market Opportunities- stringent government regulations and EPA (Environmental Protection Agency) guidelines aimed at reducing harmful emissions and reducing global pollution

Key Market Drivers- rising concerns over battery waste disposal

strict government policies in light of the increased usage of lithium-ion battery

Regional analysis:

With the highest anticipated CAGR, the Asia Pacific region is expected to dominate the market throughout the forecast period. The Asia Pacific market will expand as a result of rising environmental legislation and a rise in the demand for electric vehicles in APAC nations. China, India, Japan, and South Korea will have a significant impact on this market.

Europe has long controlled the world market, and nations like the United Kingdom, Germany, and Russia account for the majority of its demand. Throughout reality, Germany continues to dominate the lead-acid battery business in the continent. Germany has continued to be a regional hub for the trading of lead-acid batteries worldwide in addition to domestic usage.

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Market Segmentation:

• Chemistry
• Lead-acid
• Lithium-based
• Nickel-based
• Others

• Application
• Transportation
• Consumer electronics
• Industrial
• Others

• Source
• Automotive batteries
• Industrial batteries
• Consumer electronic appliance batteries

• By Region
• North America 
• Asia-Pacific 
• Europe
• Middle East & Africa
• South America

In 2021, the transportation sector had a share of 64.2%. Because it can give a lot of power to start an engine, batteries are frequently utilised in cars. The worldwide car industry sold 58.0 million automobiles in 2021, a 3.9% rise from the year before. Future demand for battery-powered vehicles is anticipated to be fueled by causes like rising income levels throughout the world, a resurgence in interest in electric automobiles and other vehicles, positive electric infrastructure expansion, and ongoing technology advancements. Call2Recycle, Inc. teamed up with Cell Block Fire Containment Systems in January 2019 to improve the security of its battery handling, shipping, and collecting.

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Key Players:

The businesses run their operations using massive recycling capacities that are dispersed throughout the world. Distribution, recycling, and collection systems are in place to meet both domestic and international demand for used batteries, as evidenced by market activity. EnerSys, G&P Batteries, Exide Technologies, Aqua Metals, ECOBAT, and Call2Recycle are a few of the well-known businesses in the world’s battery recycling market.

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Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.

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