The Middle East and Africa battery recycling market is expected to grow from US$ 791.20 million in 2021 to US$ 1,598.74 million by 2028; it is estimated to grow at a CAGR of 10.6% from 2021 to 2028.
With the growth of the EVs industry, the adoption of lithium-ion batteries is growing exponentially. The rising use of lithium-ion batteries in EVs creates an opportunity for their recycling. A large number of these batteries contain significant valuable metals, as well as other materials, which can be processed and reused. However, in the current scenario, a very insignificant amount of these batteries is recycled. Previously, the majority of the efforts to enhance lithium-ion battery recycling was carried out by a limited number of academic groups, usually functioning independently. However, the scenario has started to change with several research institutions, governments, and EV manufacturers focusing on the recycling of these batteries. Several start-ups are now commercializing innovative battery recycling technologies. Also, several EV battery manufacturers and recycling companies have started collaborating to handle the forthcoming issue. For instance, in September 2020, Solvay and Veolia partnered to deliver innovative solutions, which offer improved resource efficacy for critical metals used in lithium-ion batteries in EVs. In December 2020, MG Motor partnered with TES-AMM to safeguard the eco-friendly and secure recycling of MG ZS' lithium-ion batteries. The growing focus of EV manufacturers for lithium-ion battery recycling would further result in increased partnerships among the manufacturers and recycling companies, thereby offering lucrative opportunities to the players operating in the lithium-ion battery recycling market
In the Middle East and Africa, the ongoing pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The operations of several industries such as electronics, automotive, and power have been impacted during the pandemic, which has impacted the delivery cycle and increased import-export tariff of recycled batteries. The market has been impacted by the distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international borders. Disruptions in terms of sourcing of raw materials from suppliers and temporary closure of manufacturing bases due to lockdowns and quarantines have impacted the growth of the market during the pandemic. However, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise in the Middle East and Africa. The expanding demand for battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the growth of the battery recycling market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Middle East and Africa Battery Recycling Market Segmentation
Middle East and Africa Battery Recycling Market – By Type
- Lead Acid Battery
- Lithium-Based Battery
- Nickel-Based Battery
- Others
Middle East and Africa Battery Recycling Market – By Battery Source
- Automotive
- Industrial
- Household
- Consumer Electronics
- Forklift
Middle East and Africa Battery Recycling Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East and Africa Battery Recycling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Battery Recycling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Incrementing Need for Recycled Products and Recovery of Valuable Metals
5.1.2 An Upsurge in Government Regulations for Battery Disposal and Recycling
5.2 Market Restraints
5.2.1 Technical and Economic Challenges Pertaining to Battery Recycling
5.3 Market Opportunities
5.3.1 Rise in the Popularity of Electric Vehicles (EVs)
5.4 Future Trends
5.4.1 Increasing Focus on Lithium-Ion Battery Recycling
5.5 Impact Analysis of Drivers and Restraints
6. Battery Recycling – Middle East and Africa Market Analysis
6.1 Battery Recycling Market Overview
6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East and Africa Battery Recycling Market Analysis – By Type
7.1 Overview
7.2 Middle East and Africa Battery Recycling Market Breakdown, by Type, 2020 & 2028
7.3 Lead Acid Battery
7.3.1 Overview
7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Lithium-Based Battery
7.4.1 Overview
7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Nickel-Based Battery
7.5.1 Overview
7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East and Africa Battery Recycling Market Analysis – By Battery Source
8.1 Overview
8.2 Middle East and Africa Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028
8.3 Automotive
8.3.1 Overview.
8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Household
8.5.1 Overview
8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Consumer Electronics
8.6.1 Overview
8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Forklift
8.7.1 Overview
8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East and Africa Battery Recycling Market – Country Analysis
9.1 Middle East and Africa: Battery Recycling Market
9.1.1 Middle East and Africa: Battery Recycling Market, by Key Country
9.1.1.1 South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Battery Recycling Market, by Type
9.1.1.1.2 South Africa: Battery Recycling Market, by Battery Source
9.1.1.2 Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Battery Recycling Market, by Type
9.1.1.2.2 Saudi Arabia: Battery Recycling Market, by Battery Source
9.1.1.3 UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Battery Recycling Market, by Type
9.1.1.3.2 UAE: Battery Recycling Market, by Battery Source
9.1.1.4 Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East and Africa: Battery Recycling Market, by Type
9.1.1.4.2 Rest of Middle East and Africa: Battery Recycling Market, by Battery Source
10. Overview – Impact of COVID-19 non Middle East and Africa Battery Recycling Market
10.1 Impact of COVID-19 on Battery Recycling Market
10.2 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Partnership and Joint Venture
12. Company Profiles
12.1 Clarios
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 East Penn Manufacturing Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exide Industries Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 GP Batteries International Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Aqua Metals, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Middle East and Africa: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of Middle East and Africa Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of Middle East and Africa Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 10. Glossary of Term: Battery Recycling MarketLIST OF FIGURES
Figure 1. Battery Recycling Market Segmentation
Figure 2. Battery Recycling Market Segmentation – By Country
Figure 3. Middle East and Africa Battery Recycling Market Overview
Figure 4. Lead Acid Battery Segment is Dominating the Middle East and Africa Battery Recycling Market
Figure 5. UAE Held Largest Share of Middle East and Africa Battery Recycling Market
Figure 6. Middle East and Africa Battery Recycling Market, Industry Landscape
Figure 7. Middle East & Africa: PEST Analysis
Figure 8. Battery Recycling Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Battery recycling Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Middle East and Africa Battery Recycling Market Breakdown, by Type, 2020 & 2028
Figure 13. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East and Africa Battery Recycling Market Breakdown, by Source, 2020 & 2028
Figure 18. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Middle East and Africa: Battery Recycling Market, by Key Country – Revenue (2020) (USD Million)
Figure 24. Middle East and Africa: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. South Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Saudi Arabia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UAE: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Middle East and Africa: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Middle East & Africa- Clarios
- East Penn Manufacturing Company
- Exide Industries Limited
- GP Batteries International Limited
- Aqua Metals, Inc.
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.
Trends and growth analysis reports related to Middle East and Africa Battery Recycling Market
Oct 2021
Spent Nuclear Fuel Waste Management Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Reactor Type (Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), and Gas-Cooled Reactors, and Others); Disposal Type (Near Surface Disposal and Deep Surface Disposal); and Geography
Oct 2021
Solar PV Inverter Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (String, Micro, Central), Phase (Single Phase, Three Phase), Connectivity (Standalone, On-grid), Application (Residential, Community, Commercial and Industrial, Utility), Capacity (Below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, Above 50 kW); and Geography
Oct 2021
Offshore Oil and Gas Pipes Fittings and Flanges Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography
Oct 2021
Turboexpander Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device (Compressor, Generator, and Hydraulic/Oil Brake), Power Capacity [Less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and More than 20 MW], End User (Oil and Gas, Power Generation, and Industrial), and Geography
Oct 2021
Green Hydrogen Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy, Solar Energy, and Others), and End-use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others), and Geography
Oct 2021
Thermal Energy Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Storage), Storage Material (Water, Molten Salt, PCM, Others), Application (District Heating and Cooling, Power Generation, Process Heating and Cooling), and End User (Utility, Nonutility) and Geography
Get Free Sample For