Battery Recycling Market size to increase by USD 9.20 billion between 2022 to 2027, Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions LLC, and more among key companies - Technavio

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- The battery recycling market size is expected to grow by USD 9.20 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 10.46% during the forecast period, according to Technavio. The widening lithium supply-demand gap is notably driving the market. However, factors such as lead contamination in the environment may impede market growth. We provide a detailed analysis of 20 companies operating in the market including  Accurec Recycling GmbH, Aqua Metals Inc., Battery Solutions LLC, Call2Recycle Inc., Contemporary Amperex Technology Co. Ltd., Ecobat LLC, EnerSys, ENGITEC TECHNOLOGIES SPA, Exide Industries Ltd., GEM Co. Ltd., Gopher Resource LLC, Gravita India Ltd., SungEel Hi-Tech Co. Ltd., Terrapure Environmental, Umicore SA, East Penn Manufacturing Co. Inc., Fortum Oyj, Li Cycle Holdings Corp., Onto Technology LLC, and Raw Materials Co. Inc..The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

Accurec Recycling GmbH - The company offers services for Nickel Cadmium batteries, Nickel Metal hybrid batteries and Lithium batteries. This report provides a full list of key companies, their strategies, and latest developments. Buy Now for detailed company information

The market is segmented by Source (Automotive, Electronic appliance, and Others), Battery Type (Lead-acid, Lithium, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• APAC will account for 36% of the global market during the forecast period. The APAC region holds a dominant position in the global market, primarily attributed to the presence of numerous major manufacturers and manufacturing facilities for battery-powered equipment and automobiles within the region. Furthermore, the increasing use of consumer electronics and vehicles is propelled by growing household incomes and elevated living standards across APAC.
• The automotive segment will witness significant growth during the forecast period.
  Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample Report

Key Highlights

• Historic Size 2017-2021
• CAGR during 2023-2027
• Detailed information on factors that will assist growth during the next five years
• Estimation of the size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of companies

Addressing environmental concerns associated with battery disposal

The industry focuses on sustainable energy storage and eco-friendly battery disposal through recycled batteries and battery waste management. Lithium-ion battery recycling and battery recovery technologies play a crucial role in promoting a circular economy for batteries. By reprocessing batteries, the market generates secondary raw materials while addressing environmental concerns associated with battery disposal, advancing toward a greener future.

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The train battery market is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The size is forecast to increase by USD 179.11 million. 

ToC:

Executive Summary

Landscape

Sizing

Historic Sizes

Five Forces Analysis

Segmentation by Sources

Segmentation by Battery Type

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential markets and assess their competitive positions within changing scenarios.

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SOURCE Technavio