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Battery Recycling Market to increase by USD 9.2 billion from 2022 to 2027 | APAC will account for 36% of the market growth – Technavio


NEW YORK, Oct. 3, 2023 /PRNewswire/ — The battery recycling market size is expected to grow by USD 9.20 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 10.46% during the forecast period. APAC will account for 36% of the market growth. To find a preview of the market overviews, market drivers, opportunities, and potentials request Free sample report


Technavio has announced its latest market research report titled Global Battery Recycling Market 2023-2027


Battery Recycling Market 2023-2027: Company Analysis

The battery recycling market is fragmented due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified vendors. The global off-grid battery recycling market is expected to grow rapidly during the forecast period due to the Widening lithium supply-demand gap. Hence, the competition among companies is expected to intensify during the forecast. The report analyzes the market’s competitive landscape and offers information on several market companies. 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.

Major Companies and Key Offerings:

  • Accurec Recycling GmbH – The company offers battery recycling services for Nickel Cadmium batteries, Nickel Metal hybrid batteries and Lithium batteries 
  •  Aqua Metals Inc. – The company offers battery recycling services for Lithium-ion batteries through its AquaRefining methodology, which is the cleanest and most cost-efficient lithium-ion recycling solution.

Battery Recycling Market 2023-2027: Segmentation Analysis

  • The automotive segment is estimated to witness significant growth during the forecast period. In the automotive segment, lead-acid batteries find application in passenger cars, commercial vehicles, and two-wheelers, serving crucial roles in start, light, and ignition (SLI) systems for internal combustion engine (ICE) vehicles, as well as in start/stop applications for both traditional vehicles and EVs. The automotive industry’s need for lead-acid batteries remains substantial. This demand is fueled by factors such as an improving economic climate, evolving consumer lifestyles characterized by increased confidence, and a growing preference for new, technologically advanced, and fuel-efficient vehicles. The consistent expansion of the economy, industrialization, infrastructure development, and higher disposable incomes collectively contribute to the rising demand for motor vehicles.



  • APAC is estimated to account for 36% of the global market during the forecast period. The APAC region holds a dominant position in the global battery recycling market, primarily attributed to the presence of numerous major battery 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. Escalating environmental concerns arising from improper battery disposal practices is a significant driver of growth in the regional battery recycling market. Given the substantial consumption of batteries in sectors such as consumer electronics, automotive, and energy storage, recycling batteries has evolved into an imperative. Additionally, many countries are actively addressing these concerns and striving to combat the pollution stemming from inadequate battery disposal methods.

To know additional highlights and key points on various market segments and their impact in coming years, Get Free Sample Report.

Imperative Insights on the following aspects:

  • What was the size of the global battery recycling market by value?
  • What will be the size of the global battery recycling market in 2027?
  • How has the industry performed over the last 5 years?
  • What factors are affecting the strength of competition in the global battery recycling market?
  • What main segments make up the global battery recycling market?

Related Reports:

The Electric Vehicle Battery Recycling Market size is estimated to grow at a CAGR of 38.68% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,862.56 million.

The flow battery market size is estimated to grow at a CAGR of 22.16% between 2022 and 2027. The market size is forecast to increase by USD 510.03 million.

Battery Recycling Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.46%

Market growth 2023-2027

USD 9.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.5

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Source 

Market Segmentation by Battery Type

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 focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 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 market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

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