Market Research Report
North America Battery Recycling Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||931045|
|Published||Content info||105 Pages
Delivery time: 2-3 business days
|North America Battery Recycling Market Forecast 2020-2028|
|Published: April 3, 2020||Content info: 105 Pages||
The North America battery recycling market is projected to showcase a CAGR of 9.24% during the forecast period. The construction industry of the region is set to witness significant growth as a result of non-residential construction projects like hospitals, colleges, and schools in the forthcoming years. This is set to propel the demand for recycled lead acid and lithium-ion batteries in the region. Also, the growth in the automatic driving electric vehicles is estimated to drive the demand for recycled batteries.
The growth of the North America battery recycling market involves the market assessment of Canada and the United States. Canada, with its abundant reserves of natural gas and crude oil, is one of the global leaders in the energy resources. The oil and gas sector makes use of industrial batteries for seismic exploration, downhole drilling, and pipeline-inspection tools. Several regions of the country are engaged in developing clean energy technologies that aid in environmental protection and economic growth. The construction sector of the country is set to witness significant investments, thereby leading to growth in the battery market as a result of increased construction activities. Increased demand for EV batteries is estimated to be witnessed in the country due to the growing adoption and large-scale deployment of electric vehicles. Moreover, Quebec announced the development of new technology in May 2019, which is estimated to recycle 95% of electric car batteries.
Some of the renowned companies leading the market are Battery Recycling Made Easy LLC, Call2recycle Inc, Accurec Recycling GmbH, Battery Solutions Inc, Aqua Metals Inc, etc.
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