The global battery recycling market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2022-2028). The rise in the number of old lithium-ion batteries may serve as a prominent growth driver for the battery recycling market during the forecast period. The use of lithium-ion batteries is on a large scale in vehicles and consumer electronics. Lithium-ion batteries contain low levels of toxic heavy metals found in other types of batteries, such as lead-acid and nickel-cadmium (NiCd) batteries due to which the utilization of lithium-ion batteries is increased during the forecast period.
Browse the full report description of “Global Battery Recycling Market Size, Share & Trends Analysis Report, by Type (Lead Acid Battery, Nickel-Based, Lithium-Ion Battery, Others), by Source (Automotive, Industrial, Consumer Electronics) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/battery-recycling-market-size
Many big companies are entering into electric vehicle market due to which there is an increase in demand for batteries which led to the growth of the battery recycling market. For instance, in April 2022, Japan's Nissan plans game-changing electric car batteries. The all-solid-state battery will replace the lithium-ion battery in use for a 2028 product launch and a pilot plant launch in 2024. Additionally, in December 2021, Northvolt announced that it has produced its first lithium-ion battery cell at its factory.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Source
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape – EnerSys, Umicore N.V., Exide Technologies, Aqua Metals, Inc., Glencore PLC, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and +region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Battery Recycling Market Report Segment
By Type
• Lead Acid Battery
• Nickel-Based
• Lithium-Ion Battery
• Others
By Source
• Automotive
• Industrial
• Consumer Electronics
Global Battery Recycling Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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