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Coronavirus and Battery Recycling Market

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Rohna Patnakar
Coronavirus and Battery Recycling Market

The global Battery Recycling Market was valued at USD 8.10 Billion in 2016 and is projected to reach USD 11.83 Billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

Browse 104 market data tables and 42 figures spread through 148 pages and in-depth TOC on "Battery Recycling Market”.

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Based on source, the automotive source is the largest source segment of the battery recycling market

Based on source, the automotive segment is the largest source segment of the global battery recycling market. The automotive industry accounts for the highest output of spent lead acid batteries globally. This trend is expected to continue during the forecast period, attributed mainly to the stringent regulations set by the environmental protection agencies regarding pollution emission standards. The automotive source segment is also expected to be the fastest-growing segment as increasing environmental regulations and metal scarcity for automotive and industrial applications has resulted in high demand for recycling across the regions.

Europe was the largest market for the battery recycling in 2016

Europe was the largest battery recycling market in 2016. 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. Stringent environmental regulations for proper disposal and recycling of batteries in countries such as Germany and the U.K. are also among the factors expected to drive the European battery recycling market during the forecast period. Key countries in the Europe battery recycling market are Germany, the U.K., France, Russia, and Italy.

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Key players operational in the battery recycling market include Call2Recycle, Inc. (U.S.), Battery Solutions, LLC. (U.S.), Exide Technologies, Inc. (U.S.), Gravita India Ltd. (India), and Johnson Controls Inc. (U.S.).

 

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