DUBLIN, Apr 2, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Battery Recycling Market - Global Forecast to 2022" report to their offering.
The global battery recycling market is projected to reach USD 11.83 Billion by 2022, at a CAGR of 6.5% between 2017 and 2022. The growth of this market can be attributed to the growing output of spent batteries from the automotive and industrial sources.
The lead-acid battery chemistry segment dominated the global battery recycling market in 2016, followed by the lithium-based and nickel-based chemistries. Lead-acid is the most common type of chemistry, and is used in a wide range of automotive and industrial applications. The lead-acid chemistry segment is projected to witness the highest growth from 2017 to 2022, due to the increasing use of starting, lighting, and ignition (SLI) batteries.
Automotive source was the largest segment of the battery recycling market, by source in 2016. An automotive battery is an indispensable component of the powertrain of a vehicle, independent of the fuel used for its operation. It is used to power the electrical systems of the vehicle when the engine is turned off. It is also used to start the engine and to provide current for the ignition system and electric starter motor. The energy from the battery is also utilized when the electric requirement of the vehicle exceeds its alternator's capacity. Majority of the vehicles use a 12V lead acid battery for these applications.
Europe is projected to be the fastest-growing market, as it is a major recycler of all chemistries of spent batteries. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market. Stringent environmental regulations for proper disposal and recycling of batteries in the economies, such as Germany and the U.K., are also among the factors expected to drive the European battery recycling market during the forecast period. Key countries in the Europe battery recycling market are Germany, the U.K., France, Russia, and Italy.
- Accurec Recycling GmbH
- Aqua Metals
- Battery Solutions, Inc.
- COM2 Recycling Solutions
- The DOE Run Company
- East Penn Manufacturing Co.
- Exide Technologies
- G&P Batteries
- Gopher Resource
- Gravita India Limited
- Guangdong Brunp Recycling Technology Co., Ltd
- Johnson Controls
- Kinbursky Brothers Inc.
- Metalex Products Limited
- RSR Corporation
- Raw Materials Company
- Recupyl S.A.S
- Retriev Technologies Inc
- Teck Resources Limited
- Terrapure Environmental
- Tonolli Canada Ltd
- Vinton Batteries
- World Logistics Inc
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Battery Recycling Market, By Chemistry
7 Battery Recycling Market, By Source
8 Battery Recycling Market, By End Use
9 Battery Recycling Market, By Material
10 Battery Recycling Market, By Region
11 Competitive Landscape
12 Battery Recycling Market, Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/7tmjcj/battery_recycling
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SOURCE Research and Markets