Market Research Report
Battery Recycling Market Analysis By Chemistry (Lithium-ion, Lead Acid, Nickel), By Application (Transport, Consumer Electronics, Industrial), By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572917|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|Battery Recycling Market Analysis By Chemistry (Lithium-ion, Lead Acid, Nickel), By Application (Transport, Consumer Electronics, Industrial), By Region, And Segment Forecasts, 2014 - 2025|
|Published: September 22, 2017||Content info: 100 Pages||
The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market growth over the next eight years.
Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products.
The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.
Companies are making efforts to improve the competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down cost & combat environmental pollution. ECOBAT has developed its own collection system to collect spent batteries.