Battery Recycling Market size worth $ 14.5 Billion, Globally, by 2028 at 5.6% CAGR: Verified Market Research®

Battery Recycling Market size worth $ 14.5 Billion, Globally, by 2028 at 5.6% CAGR: Verified Market Research®

PR Newswire

JERSEY CITY, N.J., Oct. 25, 2023

The "Global Battery Recycling Market Size By Battery Type, By Source, By End-Users, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Battery Recycling Market, including its growth prospects, market trends, and market challenges

JERSEY CITY, N.J., Oct. 25, 2023 /PRNewswire/ --The Global Battery Recycling Market is projected to grow at a CAGR of 5.6% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.3 Billion in 2020 and is expected to reach USD 14.5 Billion by the end of the forecast period.

VMR_Logo

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=35448

Browse in-depth TOC on "Battery Recycling Market"

202 - Pages
126 – Tables
37 – Figures

Global Battery Recycling Market: A Pathway to Sustainability

In a world increasingly focused on sustainable practices, the global Battery Recycling Market stands at the forefront of environmental responsibility. Battery recycling, a pivotal process in mitigating environmental hazards, is gaining traction as a crucial solution to reduce the disposal of batteries as municipal solid waste. This not only addresses the mounting concerns related to heavy metal and toxic chemical contamination of water and soil but also propels the efficient utilization of batteries.

A comprehensive industry report dives deep into the heart of the global Battery Recycling Market, illuminating key factors, market dynamics, and major players steering the industry's remarkable growth. The report underscores the urgent need for stringent government regulations, advocating for environmental safety during battery manufacturing and disposal.

Industry Dynamics:

The Battery Recycling Market's ascent is fueled by the escalating demand for battery recycling across various sectors such as material extraction, repackaging, reuse, and disposal activities. The rising adoption of spent batteries in automotive and industrial applications adds impetus, transforming challenges into opportunities. Despite hurdles like metal price fluctuations and safety concerns in battery storage, the market persists, bolstered by the soaring demand for consumer electronics and the surge in electric vehicle adoption.

Market Drivers and Challenges:

Government regulations, particularly focusing on stringent environmental standards in battery manufacturing and disposal, create a fertile ground for growth. Industrial adoption, driven by the increasing utilization of spent batteries, amplifies market potential. The surge in electric vehicle usage has necessitated effective recycling solutions for lithium-ion batteries, further expanding the Battery Recycling Market horizon. Challenges such as metal price fluctuations and safety concerns in battery transportation are met with strategic resilience, ensuring the market's resilience and adaptability.

Market Opportunities:

The rise of electric vehicles is a key market opportunity, driving demand for efficient battery recycling solutions. Additionally, high-value material recovery through recycling not only promotes environmental sustainability but also significantly reduces hazardous waste disposal costs. This dual benefit positions battery recycling as a strategic investment for industries seeking both economic and environmental viability.

Regional Dominance:

The Asia Pacific region emerges as the vanguard of the Battery Recycling Market. Fueled by the burgeoning demand for electric vehicles and underpinned by stringent environmental regulations, this region not only leads but also projects the highest Compound Annual Growth Rate (CAGR) from 2020 to 2025.

Key Industry Players:

The report spotlights industry leaders shaping the global Battery Recycling Market, including:

The Battery Recycling Market's growth narrative is shaped by the convergence of stringent regulations, industrial adoption, and the exponential rise in electric vehicle usage. Despite challenges, the industry stands resilient, forging ahead with innovative solutions. The focus on high-value material recovery and meeting the demands of the burgeoning electric vehicle market ensures that the Battery Recycling Market remains a beacon of sustainability and economic prudence.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Battery Recycling Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Battery Recycling Market into Battery Type, Source, End-Users, And Geography.

Browse Related Reports:

Lead-Acid Battery Scrap Market By Battery (Flooded, Sealed), By Product (Lead, Sulfuric acid), By Source (Motor Vehicles, UPS), By Geography, And Forecast

Electric Vehicle Battery Recycling Market By Chemistry (Lithium-ion phosphates, Lithium metal phosphates, Lithium manganese cobalt oxides), By Application (Electric Buses, Energy Storage Systems, Electric Cars), By End-User (Industrial, Transportation), By Geography, And Forecast

Primary Battery Recycling Market By Type (Wet Primary Battery Recycling, Dry Primary Battery Recycling), By Application (Consumer Electronics, Automotive, Industrial), By Geography, And Forecast

Battery Recycling Service Market By Product (Scrap Metal Recycling And Processing Service, Certified Destruction Service), By Application (Community Waste Recycling, Centralized Waste Treatment), By Geography, And Forecast

10 Best Lithium-Ion Battery Recycling Companies recovering raw materials

Visualize Battery Recycling Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/battery-recycling-market-size-worth--14-5-billion-globally-by-2028-at-5-6-cagr-verified-market-research-301967302.html

Voltar noticias em Inglês