The report “Battery Recycling Market by Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries), Chemistry (Lead Acid, Lithium-based, Nickel-based), Material (Metals, Electrolyte, Plastics) and Region – Global Forecast to 2030″, is projected to grow from USD 26.9 billion in 2023 to USD 54.3 billion by 2030, at a CAGR of 10.5%. The mounting demand for electric vehicles to limit the rising pollution levels has spurred the consumption of batteries. While these have lower self-discharge rates than other rechargeable cells such as Ni-Cad and NiMH, they offer high energy and power density and are thus used in various applications, from cellular phones, industrial equipment, to electric-drive vehicles.
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• 247 Market data Tables
• 49 Figures
• 272 Pages and in-depth TOC on “Battery Recycling Market – Global Forecast to 2030″
Some of the prominent key players are:
· ACCUREC Recycling GmbH (Germany)
· American Battery Technology Company (US)
· Aqua Metals, Inc. (US)
· Call2Recycle, Inc. (US)
· Cirba Solutions (US)
· Contemporary Amperex Technology Co., Limited (China)
· East Penn Manufacturing Company (US)
· Ecobat (US)
· Element Resources (US)
· EnerSys (US)
· Exide Industries Ltd. (India)
· Fortum (Finland)
Opportunity: Rising demand for renewable energy storage
The renewable energy sector, including solar and wind power, is witnessing rapid expansion. Most of the renewable energy storage systems utilize batteries such as lithium-ion, lead acid, and sodium-sulfur, to perform essential operations. Therefore, with the rise in renewable energy installations, there is a corresponding need for battery recycling to manage the end-of-life batteries and extract valuable materials for reuse.