[Research Report] The battery recycling market was valued at US$ 15,690.07 million in 2020 and is projected to reach US$ 36,002.73 million by 2028; it is expected to grow at a CAGR of 13.4% from 2021 to 2028.
MARKET ANALYSIS
Battery recycling is an effective way to reprocess and reuse the waste batteries. Recycling has been identified to be one of the significant concepts, creating lower environmental impacts in comparison to the mining of virgin materials. Direct recycling could substantially lower down the energy consumption as well as reduce emissions. The recycling of used electric batteries encompasses huge potential and yields strong economic benefits. Several policies and regulations have been framed which play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases.
GROWTH DRIVERS AND CHALLENGES
The increasing government regulations for battery disposal and recycling has aided the battery recycling market growth. Policymakers have framed several regulations regarding the effective utilization and disposal of waste battery materials, which are significantly contributing to the expansion of the battery recycling market. Such policies play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. For instance, as per the Environmental Protection Agency (EPA), lithium-ion batteries deployed in products such as electronics and electrical appliances, consumer goods, electric vehicles, and electrical energy storage systems, should be handled and disposed of carefully. Single-use, non-rechargeable lithium metal batteries, and re-chargeable lithium-polymer cells (Li-ion, Li-ion cells) are categorized as two types of lithium batteries that are used by consumers base and require effective waste management to avoid environmental degradation. Various regulations and bodies involved in the recycling of lithium-ion batteries include European Union Batteries Directive, GRS Batterien Foundation (Germany), The Japan Battery Recycling Centre (JBRC), and NEV battery recycling regulations (China). Similarly, as per an article published by European Parliamentary Research Service (EPRS) in July 2021, more than 1.9 million tons of waste batteries are generated every year in Europe. The collection and recycling rates, coupled with the profitability of recycling and the impact upon the environment and health, are heavily reliant upon the battery technology or type. However, several challenges are associated with the battery recycling market, especially with lithium-ion batteries. The costs of recycling is too high in comparison with those occurring from extracting and refining virgin resources, owing to the number of steps and processes involved to collect, recycle, and deliver finished products to customers. Thus, this factor is restraining the battery recycling market growth.
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Battery Recycling Market: Strategic Insights
Market Size Value in US$ 15,690.07 million in 2020 Market Size Value by US$ 36,002.73 million by 2028 Growth rate CAGR of 13.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2020
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Battery Recycling Market: Strategic Insights
| Market Size Value in | US$ 15,690.07 million in 2020 |
| Market Size Value by | US$ 36,002.73 million by 2028 |
| Growth rate | CAGR of 13.4% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2020 |
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REPORT SEGMENTATION AND SCOPE
The "Global Battery Recycling Market Analysis to 2028" is a specialized and in-depth study with a major focus on the global battery recycling market trends and growth opportunities. The report aims to provide an overview of the global battery recycling market with detailed market segmentation by type, battery source, and geography. The global battery recycling market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of battery recycling worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the battery recycling market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the battery recycling market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative battery recycling market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global battery recycling market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global battery recycling market is segmented based on type, and battery source. Based on type, the battery recycling market is segmented as lead acid battery, lithium-based battery, nickel-based battery, and others. Based on battery source, the market is classified as automotive, industrial, household, consumer electronics, and forklift.
Based on type, the lead acid battery segment accounted for a significant battery recycling market share. The lead acid battery is a type of rechargeable battery that has the lowest energy density. The battery can supply high surge currents which indicate that the cells have a large power-to-weight ratio. The cost of the lead acid batteries is comparatively low which makes them an ideal choice for use in motor vehicles to provide the high current required by starter motors. On the basis of battery source consumer electronics led the battery recycling market with a largest market share. Various office, household, and entertainment devices along with lighting and tools for the home are being powered by consumer batteries. Consumer batteries are mostly used for powering small portable electronic devices such as laptops, cell phones, remote control, power tools, video game systems and other such devices that requires energy without a cord.
REGIONAL ANALYSIS
The report provides a detailed overview of the global battery recycling market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific accounted for a significant share of the market and valued at more than US$ 8400.00 million in 2022. Asia Pacific comprises several developing and developed economies such as China, India, Japan, South Korea, and Australia. The region has seen a rise in the consumption of lithium-ion batteries, owing to the growth of the automotive sector and increased penetration of electric vehicles in the region. North America is also expected to witness considerable growth valued at approximately US$ 6600.00 million in 2028, wing to various government regulations, along with an increase in demand for electric vehicles in the region. Furthermore, in Europe, there has been a rising development of battery recycling capabilities to recycle the increasing volume of waste batteries in the region. This has created lucrative opportunities in battery recycling market. The battery recycling market in Europe is augmented to grow at CAGR of 13.7% during the forecast period.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global battery recycling market.
In May 2023, Aqua Metals, Inc. and 6K Energy announce partnership to develop next generation of sustainable materials for lithium batteries.
In 2021, Retriev Technologies has announced the completion of its first volume shipment of recovered battery materials to Tokyo-based manufacturer Marubeni Corp. Marubeni Corp. and Retriev Technologies Inc. announced a strategic partnership for developing an innovative business model for end-of-life lithium-ion batteries (EOL LIB).
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). The crisis disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Further, the international travel bans imposed by various governments in Europe, Asia Pacific, and North America forced several companies to discontinue their collaboration and partnership plans. All these factors hampered the chemicals & materials industry in 2020 and early 2021, thereby restraining the growth of various markets related to this industry, including the battery recycling market.
Before the COVID-19 outbreak, the battery recycling market was mainly driven by the rising demand from automotive, power, and electronics industries. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic disrupted the supply chain of key raw materials and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. As per an article published by National Center for Biotechnology Information in December 2020, the pandemic has significantly impacted the recycling chain which involves shipping of expended batteries for reprocessing stretches across the world. Such factors reduced the recycling rate of battery.
Battery Recycling Market Report Scope
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the battery recycling market include Aqua Metals, Inc.; Call2recycle, Inc.; Clarios. Llc; Com2 Recycling Solutions; East Penn Manufacturing Company; Exide Technologies; G P Batteries; Gopher Resource Llc; Retriev Technologies Inc; and Terrapure Environmental Ltd among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Battery Source
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
In 2020, the lead acid battery segment is dominating the battery recycling market. Based on application, the battery recycling market is categorized into automotive, industrial, household, consumer electronics and forklift. The consumer electronics segment accounted for the largest market share in 2020. The rapid growth of electric vehicles in the market is imperative which is due to improving the air quality as well as reducing greenhouse gas emissions. Most of the automotive batteries are lead acid batteries and the recycling process includes grinding, neutralization of the acid as well as the separation of the polymers from the lead.
1. Introduction. 19
1.1 Study Scope. 19
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
2. Key Takeaways. 22
3. Research Methodology. 26
3.1 Scope of the Study. 26
3.2 Research Methodology. 26
3.2.1 Data Collection: 27
3.2.2 Primary Interviews: 28
3.2.3 Hypothesis formulation: 28
3.2.4 Macro-economic factor analysis: 28
3.2.5 Developing base number: 28
3.2.6 Data Triangulation: 29
3.2.7 Country level data: 29
4. Battery Recycling Market Landscape. 30
4.1 Market Overview. 30
4.2 PEST Analysis. 31
4.2.1 North America. 31
4.2.2 Europe. 31
4.2.3 Asia Pacific. 32
4.2.4 Middle East & Africa. 32
4.2.5 South & Central America. 33
4.3 Ecosystem Analysis. 33
4.4 Expert Opinions. 34
5. Battery Recycling Market – Key Market Dynamics. 35
5.1 Market Drivers. 35
5.1.1 Growing Demand for Recycled Products and Recovery of Valuable Metals. 35
5.1.2 Increasing Government Regulations for Battery Disposal and Recycling. 35
5.2 Market Restraints. 36
5.2.1 Technical and Economic Challenges Associated with Battery Recycling. 36
5.3 Market Opportunities. 37
5.3.1 Rising Popularity of Electric Vehicles (EVs) 37
5.4 Future Trends. 37
5.4.1 Growing Focus on Lithium-Ion Battery Recycling. 37
5.5 Impact Analysis of Drivers and Restraints. 38
6. Battery Recycling – Global Market Analysis. 39
6.1 Battery Recycling Market Overview. 39
6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 40
6.3 Market Positioning – Global Market Players. 41
7. Global Battery Recycling Market Analysis – By Type. 42
7.1 Overview. 42
7.2 Global Battery Recycling Market Breakdown, by Type, 2020 & 2028. 42
7.3 Lead Acid Battery. 42
7.3.1 Overview.. 42
7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 42
7.4 Lithium-Based Battery. 43
7.4.1 Overview.. 43
7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43
7.5 Nickel-Based Battery. 44
7.5.1 Overview.. 44
7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 44
7.6 Others. 45
7.6.1 Overview.. 45
7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 45
8. Global Battery Recycling Market Analysis – By Battery Source. 46
8.1 Overview. 46
8.2 Global Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028. 46
8.3 Automotive. 46
8.3.1 Overview. 46
8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 46
8.4 Industrial 47
8.4.1 Overview.. 47
8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47
8.5 Household. 48
8.5.1 Overview.. 48
8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 48
8.6 Consumer Electronics. 48
8.6.1 Overview.. 48
8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49
8.7 Forklift 49
8.7.1 Overview.. 49
8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49
9. Battery Recycling Market – Geographic Analysis. 51
9.1 Overview. 51
9.2 North America: Battery Recycling Market 51
9.2.1 North America: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 52
9.2.2 North America: Battery Recycling Market, By Type. 53
9.2.3 North America: Battery Recycling Market, by Battery Source. 54
9.2.4 North America: Battery Recycling Market, by Key Country. 55
9.2.4.1 US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 55
9.2.4.1.1 US: Battery Recycling Market, by Type. 56
9.2.4.1.2 US: Battery Recycling Market, by Battery Source. 57
9.2.4.2 Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 57
9.2.4.2.1 Canada: Battery Recycling Market, by Type. 58
9.2.4.2.2 Canada: Battery Recycling Market, by Battery Source. 58
9.2.4.3 Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 59
9.2.4.3.1 Mexico: Battery Recycling Market, by Type. 60
9.2.4.3.2 Mexico: Battery Recycling Market, by Battery Source. 60
9.3 Europe: Battery Recycling Market 61
9.3.1 Europe: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 61
9.3.2 Europe: Battery Recycling Market, By Type. 62
9.3.3 Europe: Battery Recycling Market, by Battery Source. 63
9.3.4 Europe: Battery Recycling Market, by Key Country. 64
9.3.4.1 Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 65
9.3.4.1.1 Germany: Battery Recycling Market, by Type. 66
9.3.4.1.2 Germany: Battery Recycling Market, by Battery Source. 66
9.3.4.2 France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 67
9.3.4.2.1 France: Battery Recycling Market, by Type. 68
9.3.4.2.2 France: Battery Recycling Market, by Battery Source. 68
9.3.4.3 Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 69
9.3.4.3.1 Italy: Battery Recycling Market, by Type. 69
9.3.4.3.2 Italy: Battery Recycling Market, by Battery Source. 70
9.3.4.4 UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 70
9.3.4.4.1 UK: Battery Recycling Market, by Type. 71
9.3.4.4.2 UK: Battery Recycling Market, by Battery Source. 71
9.3.4.5 Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 72
9.3.4.5.1 Russia: Battery Recycling Market, by Type. 72
9.3.4.5.2 Russia: Battery Recycling Market, by Battery Source. 73
9.3.4.6 Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 73
9.3.4.6.1 Rest of Europe: Battery Recycling Market, by Type. 74
9.3.4.6.2 Rest of Europe: Battery Recycling Market, by Battery Source. 74
9.4 Asia Pacific: Battery Recycling Market 75
9.4.1 Asia Pacific: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 75
9.4.2 Asia Pacific: Battery Recycling Market, By Type. 76
9.4.3 Asia Pacific: Battery Recycling Market, by Battery Source. 77
9.4.4 Asia Pacific: Battery Recycling Market, by Key Country. 78
9.4.4.1 India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 79
9.4.4.1.1 India: Battery Recycling Market, by Type. 80
9.4.4.1.2 India: Battery Recycling Market, by Battery Source. 80
9.4.4.2 Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 81
9.4.4.2.1 Australia: Battery Recycling Market, by Type. 82
9.4.4.2.2 Australia: Battery Recycling Market, by Battery Source. 82
9.4.4.3 China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 83
9.4.4.3.1 China: Battery Recycling Market, by Type. 84
9.4.4.3.2 China: Battery Recycling Market, by Battery Source. 84
9.4.4.4 Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 85
9.4.4.4.1 Japan: Battery Recycling Market, by Type. 85
9.4.4.4.2 Japan: Battery Recycling Market, by Battery Source. 86
9.4.4.5 South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 86
9.4.4.5.1 South Korea: Battery Recycling Market, by Type. 87
9.4.4.5.2 South Korea: Battery Recycling Market, by Battery Source. 87
9.4.4.6 Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 88
9.4.4.6.1 Rest of Asia Pacific: Battery Recycling Market, by Type. 88
9.4.4.6.2 Rest of Asia Pacific: Battery Recycling Market, by Battery Source. 89
9.5 South and Central America: Battery Recycling Market 90
9.5.1 South and Central America: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 90
9.5.2 South and Central America: Battery Recycling Market, By Type. 91
9.5.3 South and Central America: Battery Recycling Market, by Battery Source. 92
9.5.4 South and Central America: Battery Recycling Market, by Key Country. 93
9.5.4.1 Brazil: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 93
9.5.4.1.1 Brazil: Battery Recycling Market, by Type. 94
9.5.4.1.2 Brazil: Battery Recycling Market, by Battery Source. 94
9.5.4.2 Argentina: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 95
9.5.4.2.1 Argentina: Battery Recycling Market, by Type. 95
9.5.4.2.2 Argentina: Battery Recycling Market, by Battery Source. 96
9.5.4.3 Rest of South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 96
9.5.4.3.1 Rest of South and Central America: Battery Recycling Market, by Type. 97
9.5.4.3.2 Rest of South and Central America: Battery Recycling Market, by Battery Source. 97
9.6 Middle East and Africa: Battery Recycling Market 98
9.6.1 Middle East and Africa: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 98
9.6.2 Middle East and Africa: Battery Recycling Market, By Type. 99
9.6.3 Middle East and Africa: Battery Recycling Market, by Battery Source. 100
9.6.4 Middle East and Africa: Battery Recycling Market, by Key Country. 101
9.6.4.1 South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 101
9.6.4.1.1 South Africa: Battery Recycling Market, by Type. 102
9.6.4.1.2 South Africa: Battery Recycling Market, by Battery Source. 102
9.6.4.2 Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 103
9.6.4.2.1 Saudi Arabia: Battery Recycling Market, by Type. 104
9.6.4.2.2 Saudi Arabia: Battery Recycling Market, by Battery Source. 104
9.6.4.3 UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 105
9.6.4.3.1 UAE: Battery Recycling Market, by Type. 106
9.6.4.3.2 UAE: Battery Recycling Market, by Battery Source. 106
9.6.4.4 Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 107
9.6.4.4.1 Rest of Middle East and Africa: Battery Recycling Market, by Type. 107
9.6.4.4.2 Rest of Middle East and Africa: Battery Recycling Market, by Battery Source. 108
10. Overview – Impact of COVID-19. 109
10.1 List of Top 10 Economies Affected by COVID-19 Pandemic. 109
10.2 Impact of COVID-19 on Battery Recycling Market 110
10.3 North America: Impact Assessment of COVID-19 Pandemic. 110
10.4 Europe: Impact Assessment of COVID-19 Pandemic. 112
10.5 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 113
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 114
10.1 South and Central America: Impact Assessment of COVID-19 Pandemic. 115
11. Industry Landscape. 116
11.1 Mergers & acquisition. 116
11.2 Business Planning and Strategy. 116
11.3 Partnership and Joint Venture. 116
12. Company Profiles. 117
12.1 Clarios. 117
12.1.1 Key Facts. 117
12.1.2 Business Description. 117
12.1.3 Products and Services. 117
12.1.4 Financial Overview.. 118
12.1.5 SWOT Analysis. 119
12.1.6 Key Developments. 119
12.2 East Penn Manufacturing Company. 120
12.2.1 Key Facts. 120
12.2.2 Business Description. 120
12.2.3 Products and Services. 120
12.2.4 Financial Overview.. 121
12.2.5 SWOT Analysis. 121
12.2.6 Key Developments. 121
12.3 Exide Industries Limited. 122
12.3.1 Key Facts. 122
12.3.2 Business Description. 122
12.3.3 Products and Services. 122
12.3.4 Financial Overview.. 123
12.3.5 SWOT Analysis. 124
12.3.6 Key Developments. 124
12.4 Contemporary Amperex Technology Co. Limited. 125
12.4.1 Key Facts. 125
12.4.2 Business Description. 125
12.4.3 Products and Services. 125
12.4.4 Financial Overview.. 125
12.4.5 SWOT Analysis. 126
12.4.6 Key Developments. 126
12.5 COM2 Recycling Solutions. 127
12.5.1 Key Facts. 127
12.5.2 Business Description. 127
12.5.3 Products and Services. 127
12.5.4 Financial Overview.. 127
12.5.5 SWOT Analysis. 128
12.5.6 Key Developments. 128
12.6 Gopher Resource. 129
12.6.1 Key Facts. 129
12.6.2 Business Description. 129
12.6.3 Products and Services. 129
12.6.4 Financial Overview.. 129
12.6.5 SWOT Analysis. 130
12.6.6 Key Developments. 130
12.7 Terrapure Environmental 131
12.7.1 Key Facts. 131
12.7.2 Business Description. 131
12.7.3 Products and Services. 131
12.7.4 Financial Overview.. 131
12.7.5 SWOT Analysis. 132
12.7.6 Key Developments. 132
12.8 GP Batteries International Limited. 133
12.8.1 Key Facts. 133
12.8.2 Business Description. 133
12.8.3 Products and Services. 133
12.8.4 Financial Overview.. 133
12.8.5 SWOT Analysis. 134
12.8.6 Key Developments. 134
12.9 RETRIEV TECHNOLOGIES INC. 135
12.9.1 Key Facts. 135
12.9.2 Business Description. 135
12.9.3 Products and Services. 135
12.9.4 Financial Overview.. 135
12.9.5 SWOT Analysis. 136
12.9.6 Key Developments. 136
12.10 Aqua Metals, Inc. 137
12.10.1 Key Facts. 137
12.10.2 Business Description. 137
12.10.3 Products and Services. 137
12.10.4 inancial Overview.. 137
12.10.5 SWOT Analysis. 138
12.10.6 Key Developments. 138
13. Appendix. 139
13.1 About The Insight Partners. 139
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million) 40
Table 2. North America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 53
Table 3. North America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 54
Table 4. US Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 56
Table 5. US Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 57
Table 6. Canada Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 58
Table 7. Canada Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 58
Table 8. Mexico Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 60
Table 9. Mexico Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 60
Table 10. Europe Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 63
Table 11. Europe Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 64
Table 12. Germany Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 66
Table 13. Germany Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 66
Table 14. France Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 68
Table 15. France Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 68
Table 16. Italy Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 69
Table 17. Italy Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 70
Table 18. United Kingdom Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 71
Table 19. United Kingdom Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 71
Table 20. Russia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 72
Table 21. Russia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 73
Table 22. Rest of Europe Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 74
Table 23. Rest of Europe Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 74
Table 24. Asia Pacific Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 77
Table 25. Asia Pacific Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 78
Table 26. India Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 80
Table 27. India Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 80
Table 28. Australia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 82
Table 29. Australia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 82
Table 30. China Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 84
Table 31. China Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 84
Table 32. Japan Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 85
Table 33. Japan Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 86
Table 34. South Korea Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 87
Table 35. South Korea Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 87
Table 36. Rest of Asia Pacific Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 88
Table 37. Rest of Asia Pacific Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 89
Table 38. South and Central America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 91
Table 39. South and Central America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 92
Table 40. Brazil Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 94
Table 41. Brazil Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 94
Table 42. Argentina Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 95
Table 43. Argentina Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 96
Table 44. Rest of South and Central America Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 97
Table 45. Rest of South and Central America Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 97
Table 46. Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 99
Table 47. Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 100
Table 48. South Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 102
Table 49. South Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 102
Table 50. Saudi Arabia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 104
Table 51. Saudi Arabia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 104
Table 52. UAE Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 106
Table 53. UAE Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 106
Table 54. Rest of Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million) 107
Table 55. Rest of Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million) 108
Table 56. Glossary of Term: Battery Recycling Market 139
. 139
LIST OF FIGURES
Figure 1. Battery Recycling Market Segmentation. 20
Figure 2. Battery Recycling Market Segmentation – By Geography. 21
Figure 3. Global Battery Recycling Market Overview. 22
Figure 4. Lead Acid Battery Segment is Dominating the Global Battery Recycling Market 23
Figure 5. Asia Pacific Region Held Largest Share of Global Battery Recycling Market 24
Figure 6. Global Battery Recycling Market, Industry Landscape. 25
Figure 7. North America: PEST Analysis. 31
Figure 8. Europe: PEST Analysis. 31
Figure 9. Asia Pacific: PEST Analysis. 32
Figure 10. Middle East & Africa: PEST Analysis. 32
Figure 11. South & Central America: PEST Analysis. 33
Figure 12. Battery Recycling Market– Ecosystem Analysis. 33
Figure 13. Expert Opinion. 34
Figure 14. Battery recycling Market Impact Analysis of Drivers and Restraints. 38
Figure 15. Geographic Overview of Battery Recycling Market 39
Figure 16. Global: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 40
Figure 17. Global Battery Recycling Market Breakdown, by Type, 2020 & 2028. 42
Figure 18. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43
Figure 19. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 43
Figure 20. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 44
Figure 21. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 45
Figure 22. Global Battery Recycling Market Breakdown, by Source, 2020 & 2028. 46
Figure 23. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47
Figure 24. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 47
Figure 25. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 48
Figure 26. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 49
Figure 27. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 28. Global Battery Recycling Market Revenue Share, by Region (2020 and 2028) 51
Figure 29. North America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 52
Figure 30. North America: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 53
Figure 31. North America: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 54
Figure 32. North America: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 55
Figure 33. US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 55
Figure 34. Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 35. Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 59
Figure 36. Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 62
Figure 37. Europe: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 62
Figure 38. Europe: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 63
Figure 39. Europe: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 64
Figure 40. Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 65
Figure 41. France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 67
Figure 42. Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 69
Figure 43. UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 44. Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 72
Figure 45. Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 73
Figure 46. Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 47. Asia Pacific: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 76
Figure 48. Asia Pacific: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 77
Figure 49. Asia Pacific: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 78
Figure 50. India: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 79
Figure 51. Australia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 81
Figure 52. China: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 83
Figure 53. Japan: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 85
Figure 54. South Korea: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 86
Figure 55. Rest of Asia Pacific: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 88
Figure 56. South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 90
Figure 57. South and Central America: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 91
Figure 58. South and Central America: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 92
Figure 59. South and Central America: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 93
Figure 60. Brazil: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 93
Figure 61. Argentina: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 95
Figure 62. Rest of South and Central America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 96
Figure 63. Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 98
Figure 64. Middle East and Africa: Battery Recycling Market Revenue Share, by Type (2020 and 2028) 99
Figure 65. Middle East and Africa: Battery Recycling Market Revenue Share, by Battery Source (2020 and 2028) 100
Figure 66. Middle East and Africa: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028) 101
Figure 67. South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 101
Figure 68. Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 103
Figure 69. UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 105
Figure 70. Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million) 107
Figure 71. Impact of COVID-19 Pandemic in North America. 111
Figure 72. Impact of COVID-19 Pandemic in Europe. 112
Figure 73. Impact of COVID-19 Pandemic in Asia-Pacific. 113
Figure 74. Impact of COVID-19 Pandemic in Middle East & Africa. 114
Figure 75. Impact of COVID-19 Pandemic in South and Central America. 115
The List of Companies - Battery Recycling Market
- AQUA METALS, INC.
- CALL2RECYCLE, INC.
- CLARIOS. LLC
- COM2 RECYCLING SOLUTIONS
- EAST PENN MANUFACTURING COMPANY
- EXIDE TECHNOLOGIES
- G P BATTERIES
- GOPHER RESOURCE LLC
- RETRIEV TECHNOLOGIES INC
- TERRAPURE ENVIRONMENTAL LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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