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Published Date: 2016-07-14Number of Pages: 156

Battery Recycling Market (Battery Chemistry - Lithium Ion, Lead Acid, Nickel Cadmium; Battery Source - Automotive, Electronic Appliance; End-use - Extraction of Material, Repackaging, Reuse, and Second Life, Disposal) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

Battery Recycling Market: Snapshot

The rising stringency of government regulations pertaining to reducing the emission of greenhouse gases and the protection and conservation of the environment has given the global battery recycling services market all the push it needs. Growing awareness about recycling among the general population has also resulted in the surge in battery recycling, signaling the immense potential this market possesses. Battery manufacturers around the world have also realized the environmental and health hazards of used batteries and have been setting up their own recycling centers.

Research analysts predict that the global market for battery recycling services will register a steady 10.9% CAGR from 2016 to 2024, with the opportunity in this market rising from US$7.1 bn to be worth US$19.9 bn by the end of the forecast period.

Automotive Industry Largest Source of Spent Batteries

Based on spent battery source, the battery recycling services market is segmented into electronics, automotive, appliances, and others. Spent batteries sourced from the automotive sector enjoyed the largest share in the battery recycling market in 2015 and this segment is projected to retain its lead through 2024. The higher percentage of lead acid batteries used in vehicles is one of the main reasons why this sector has emerged as the leading source for spent batteries. These batteries are comparatively easy to extract and need relatively lesser operational excellence.

 

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Asia Pacific One of Most Attractive Markets for Battery Recycling Services

The global market for battery recycling services is geographically segmented into North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Leading the global market in 2014, Europe has always been a major implementer of energy conservation technologies. The level of awareness regarding pollution control and energy conservation is rather high among the people in Europe, resulting in the rising demand for battery recycling services. This demand is also supported by the participation of various government institutions. The strict implementation of various rules pertaining to the proper disposal of used batteries and the strong support for recyclers in the form of compensations have greatly boosted the battery recycling services market in Europe.

North America is the second largest market for battery recycling services, fueled mainly by the imposition of stringent environmental norms by several government institutions in the U.S. and Canada. The region is marked by the establishment of streamlined processes from the consumer to the recycler for the flow of spent batteries. This has helped North America better utilize spent batteries as a means of saving the environment and tackling depleting earth metals. While the U.S. leads this regional market for battery recycling services, Mexico is projected to witness the highest growth over the forecast period.

Asia Pacific is one of the fastest growing economies in the world and also one of the most attractive markets for battery recycling services. Stringent environmental regulations and the rising exports from developing and developed countries are anticipated to give the APAC battery recycling services market a significant push in the next few years. Fewer environmental regulations and low labor cost also support this regional market. With the least stringent environmental and labor protection laws, India is expected to increase its share in the Asia Pacific battery recycling services market from 2016 to 2024. 

Batteries find extensive applications in various industries and end use applications. They are the most important equipment for electrical energy storage. In recent times the world has seen exponential growth in portable devices in critical as well as no critical functions of day to day life. This growth in portable devices has seen a tremendous growth in battery usage. Chemicals store energy in a battery and then deliver it to desired usage through a chemical reaction. In chargeable batteries this process is reversible for certain number of cycles. In non-chargeable batteries the process is not reversible. In both types of batteries once the capacity of delivering energy of the battery comes to an end it needs replacement. The new battery replaces old battery and old battery is thrown away. Due to large quantum of devices using batteries these used batteries are posing environmental concerns due to presence of hazardous chemicals. There are different ways to treat these spent batteries. These batteries can be used to extract materials, can be awarded a second life through repackaging or can be disposed scientifically.

This research study analyzes the market for battery recycling in terms of revenue (US$ Mn). The battery recycling market has been segmented on the basis of battery chemistry, spent battery source, end-use, and region. In terms of region, the market has been divided into five segments that comprise twenty five countries, which are major players in the global battery recycling market. For the research, 2014 and 2015 have been taken as the base years, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the battery recycling business. The report also includes key market dynamics such as drivers, restraints, and opportunities affecting the global battery recycling market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global battery recycling market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

The high-level analysis in the report provides detailed insights into the battery recycling business globally. There are currently numerous drivers for the market. One of the most compelling drivers is rising environmental hazards across the globe created by used batteries. Market attractiveness analysis was carried out for the battery recycling market on the basis of regions. Market attractiveness is estimated on the basis of common parameters that directly impact the market in different regions.

The battery recycling market is segmented by battery chemistry (lithium ion, lead acid, nickel cadmium, and others), by spent battery source (automotive, electronic appliance, and others), and by end-use (extraction of material, repackaging, reuse, and second life). The market is analyzed across five geographies: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Regional data has been provided for each sub-segment of the battery recycling market. Key players in the market include Battery Solutions LLC, Call2Recycle, Inc., East Penn Manufacturing Company, EnerSys, Exide Technologies, G&P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies Inc., and Umicore N.V. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Considering the global adoption pattern of battery recycling technology, the battery recycling market has been segmented as follows:

Battery Recycling Market: By Battery Chemistry

  • Lithium Ion
  • Lead Acid
  • Nickel Cadmium
  • Others

Battery Recycling Market: By Spent Battery Source

  • Automotive
  • Electronic Appliance
  • Others

Battery Recycling Market: By End-use

  • Extraction of Material
  • Repackaging, Reuse, and Second Life
  • Disposal

Battery Recycling Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • Germany
    • Norway
    • Netherlands
    • U.K.
    • France
    • Spain
    • Finland
    • Russia
    • Rest of Europe 
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific 
  • Middle east & Africa
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Columbia 
  • Rest of South America


 
 
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