The European Battery Recycling market is anticipated to grow at a CAGR 5.4% during the forecast period. The recycling efficiency targets set by the European government is expected to boost the demand for battery recycling services. Moreover, the rising demand for battery recycling services due to high awareness among end users and huge support for recyclers in the region is factors responsible for escalating the growth of the European battery recycling market. 

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The increasing significance of lithium ion batteries, especially in the growing automotive and energy storage sectors is giving rise to the demand of recycling processes. Greater recycling of waste batteries and increasing re-use is bringing benefits for both the environment and the economy by boosting business and reducing waste. The Circular Economy Strategy of the European commission is related to the transfer of the Extended Producer Responsibility (EPR) and the End-of-Waste status.

The major players that are active in the market include Accurec Recycling GMBH, G & P batteries, Recupyl SAS, Vinton batteries and Umicore Group. Umicore (Belgium) and Recupyl (France) are active in the battery recycling sector and have developed their own recycling processes. Umicore has developed a so-called "Umicore process", an ultrahigh temperature pyrometallurgical process, and runs a business in Belgium with an annual capacity of 7000 tons of batteries. . Similarly, Recupyl patented a hydrometallurgical recycling process with higher material recycling efficiency. Accurec Recycling GmbH runs a facility Krefeld (Denmark) that recycles 1500-2000 tons of spent Li-ion batteries. Their annual capacity for disassembly and recycling of Li-ion automotive batteries is more than 600 tons. 

Research Methodology

The market study of the European 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 to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the Power & Utilities Company and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European   Battery Recycling  Market Research and Analysis by Process
2. European   Battery Recycling  Market Research and Analysis by Components
3. European   Battery Recycling  Market Research and Analysis by Type
4. European   Battery Recycling  Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European Battery Recycling market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Battery Recycling market.
• Insights about market determinants which are stimulating the European Battery Recycling market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.