According to Technavio’s latest market research study, the global battery recycling market is expected to grow at a CAGR of close to 11% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global battery recycling market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on battery chemistry
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The top three revenue contributing product segments are discussed below
Global lead-acid battery recycling market: The wide availability of raw materials required to manufacture lead-acid batteries will increase the installation of these batteries in various industries. The extensive use of lead-acid batteries in passenger cars, commercial vehicles, two-wheelers, and hybrid electric vehicles (HEVs) in the automotive industry is driving the growth of the market segment.
“The vendors in the market are investing in the technological advancement to fuel the demand of these batteries in the global market. The innovations in technologies will lead to improvements in life cycle, charge acceptance, discharge performance, and reduced costs of these components and lead to increased adoption across various industries,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for research on energy storage.
Global lithium battery recycling market: The high-energy density, and charge and discharge capabilities of lithium batteries is increasing their application in electronic devices such as laptops, smartphones, notebooks, and tablets. The growing need for uninterruptible power supply will drive the growth of this market segment during the forecast period. Moreover, the increase in efforts towards renewable power generation will boost the demand for lithium batteries in the global market.
Global nickel battery recycling market: Product features like high-energy density, long life cycle, cost-effectiveness, and operating abilities at high temperatures will contribute to the growth of nickel batteries in the market. The cost-effectiveness of these batteries is resulting in their extensive use in solar photovoltaic (PV) installations.
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The top vendors operating in the global battery recycling market are:
- Battery Solutions
- Call2Recycle
- Exide Technologies
- Gravita India
- Johnson Controls
Other prominent vendors in the market include East Penn Manufacturing, ENERSYS, Umicore, Retriev Technologies, G & P Batteries, The Doe Run Company, Gopher Resource, RSR Corporation, Terrapure Environmental, COM2 Recycling Solutions, World Logistics, Aqua Metals, Raw Materials Company, ENGITEC TECHNOLOGIES, and Vinton Batteries.
A more detailed analysis is available in the Technavio report titled, ‘Global Battery Recycling Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Automotive Battery Management System Market 2016-2020
- Global Solar Batteries Market 2016-2020
- Global Next-generation Battery Market 2016-2020
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