https://www.satprnews.com/2017/09/12/battery-recycling-market-to-grow-at-10-96-global-analysis-and-forecast-2017-2021/
Battery Recycling market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Battery Recycling market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Battery Recycling market size of various segments.
Battery recycling is a process that aims at diminishing the number of batteries being disposed of as municipal solid waste. Batteries consist of several heavy metals and toxic chemicals. Therefore, disposing of them as regular trash has raised concerns about water pollution and soil contamination. The soil and water pollution caused by the disposal of batteries as a municipal waste has resulted in the need to take necessary steps to recycle batteries. Various governments have mandated battery recycling processes.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Battery Recycling market projected to grow at a CAGR of 10.96% during the period 2017-2021.
Battery Recycling Market Drivers, Challenges and Trends: –
Market Driver: – One driver in market is widening lithium supply-demand gap. although there is an adequate amount of lithium resources available globally to cater to the demand, almost 70% of the global lithium reserves are concentrated in south america’s abc (argentina, bolivia, and chile) region. owing to the sparse accessibility of the raw material (available only in a geography) there is an integral risk. some challenges are likely to influence the lithium supply in the future. unsteadiness of governments in the above-mentioned regions can significantly affect the supply. it can impact the battery price, which, in turn, will increase the vehicle cost.
Market Challenge: – One challenge in market is issues in managing battery recycling sites. the most profitable battery recycling chemistry is the lead-acid battery. others are too low to yield. however, lead is hazardous due to its high level of toxicity, contributing to environmental pollution. improper lead disposal can cause soil and water pollution. many improper disposals have been done in the past and companies had to shut down their plant as a penalty. in march 2015, exide technologies had to shut down its recycling plant in los angeles permanently due to soil contamination. in addition, it had to pay $50 million as a fine to clean up the area.
Market trend: – One trend in market is subsides to encourage battery recycling. Lithium-ion batteries are gaining momentum in the global battery market. The gap between standard lead-acid batteries (the oldest battery technology in the battery market) and lithium-ion batteries is drastically reducing. This is owing to numerous features and benefits that lithium-ion batteries provide over standard lead-acid batteries. However, the concern that arises with the extensive use of lithium-ion batteries is the availability of lithium metal worldwide
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Market segmentation by battery chemistry:- lead-acid , lithium , nickel
Market segmentation by battery source:- in automotive , electronic appliance
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Battery Recycling market size the report considers major drivers influencing the market growth and challenges faced by vendors and the market as a whole. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Battery Recycling market like Call2Rrecycle, Exide Technologies, Gravita India, Johnson Controls, East Penn Manufacturing and many more.
Some of the Exhibits included in Battery Recycling Market report: –
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Battery recycling process chain
Exhibit 04: Global battery recycling market
Exhibit 05: Global battery recycling market 2016-2021 ($ billions)