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Global Battery Recycling Market by Chemistry (Lithium-ion battery, Lead-acid battery, Nickel-Cadmium battery, and others), by Source (Automotive Batteries, Industrial Batteries, and Consumer & Electronic Appliance Batteries), by Application (Transport, Consumer Electronics, Industrial and Others), by Processing State(Extraction of Materials, Disposal, and Repackaging, Reuse, and Second Life) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022-2030.
Global Battery Recycling Market Overview:
The global battery recycling market is estimated to reach USD 17.9 billion by 2030, registering a CAGR of 36.2%. Its size was valued at USD 1.7 billion in 2022. The recycling of used batteries refers to the recycling and reuse of used batteries. The most used industrial batteries in China are lead storage batteries, where lead accounts for more than 50% of the total battery cost. It is the reuse and reprocessing practice of batteries aimed at reducing the number of batteries disposed of as material waste. Battery recycling aims to reduce the number of batteries disposed of as municipal solid waste. The main methods are fire, hydrometallurgy, and solid-phase electrolytic reduction technology.Global Battery Recycling Market Insights
The major factors driving the market are the rising concerns regarding depleting precious and rare earth metals and growing inclination towards recycled products and materials. Further, stringent government regulations and the growing demand for battery recycling in various industries, including transportation, consumer electronics, and industrial applications is anticipated to drive the growth of the global battery recycling market during the forecast period. Additionally, the surge in concerns over battery waste disposal and rise in usage of lithium-ion batteries due to the declining lithium-ion battery prices driving the market growth throughout the forecast period. With increasing sustainability trends, and the upsurge in demand for electric vehicles has been striving a positive growth trend for the global battery recycling industry. Moreover, the rise in awareness about environmental and health hazards is a major demand trigger for the market. Also, the government pushes for electric vehicles along with rising demand for smart devices throwing a sizeable opportunity for the growth of global battery recycling market share in the future periods. The reduction of toxic effects of metals used in batteries and high recycling rate associated with the lead-acid battery is projected to foster the market growth in the analysis periods. Furthermore, the recycling of batteries will reduce the overall emission and energy consumption related to the mining of fresh raw materials. These benefits will trigger the growth of the battery recycling market in the upcoming years. The rise in demand for electronic equipment and increasing consumption of portable electronics such as laptops, mobile phones, tablets, digital cameras, camcorders, etc. are estimated to boom the market growth.Growth Driver
Growing demand for recycled products and materials
With the increasing depletion of global oil reserves and the continuous deterioration of the environment, new energy vehicles will become the future development direction of automobiles. Lithium-ion, nickel-metal hydride, and other power batteries have emerged with outstanding comprehensive performances such as high specific energy, long life, suitable for large current discharge, and no pollution. They have become the preferred green power source for new energy electric vehicles. It is foreseeable that in the future, battery recycling will become an emerging industry. The recovery and regeneration of failed power batteries will bring not only huge environmental benefits but also bring considerable economic and social benefits. These can not only effectively control the cost of the battery, but also have a positive effect on the popularity of hybrid vehicles.Rising concerns regarding depleting precious and rare earth metals
The rare earth resources used in nickel-metal hydride batteries are mainly mixed rare-earth metals such as lanthanum, cerium, praseodymium, and neodymium. They exist in the form of nickel-cobalt, manganese, and other metals through melting to form a hydrogen storage alloy anode active material. It can be seen from this that the chemical composition of nickel-metal hydride batteries is very complex and compared with other batteries such as nickel-cadmium batteries, its recovery, and separation is much more difficult.Chemistry Segmental Analysis
Based on Chemistry, the global battery recycling market classified into Lithium-ion battery, Lead-acid battery, Nickel-Cadmium battery, and others. The Lead-acid battery dominated the market with the highest revenue share in 2021 and will witness significant growth in the forecast period. It is primarily attributed to the growing usage of lead-acid in various applications for its benefits such as simplicity, cost-effectiveness, and energy efficiency. The lithium-ion battery is anticipated to exhibits a momentous growth in the market in the estimated period due to the surge in demand for lithium-ion batteries in portable devices, electric vehicles, and energy storage systems due to low maintenance and higher efficiency.Source Segmental Analysis
Based on the source, the global battery recycling market segregated into automotive batteries, industrial batteries, and consumer & electronic appliance batteries. The automotive batteries segment held a lucrative share in 2021 and projected to dominate the global battery recycling market by 2030. It is owing to the rising use of automobiles and the growing number of government regulations related to battery recycling. The rise in the use of automobiles in emerging regions, such as the Asia Pacific and the growing number of government regulations related to battery recycling. The industrial batteries will be the fastest-growing segment in the forecast period. It is on account of the increasing demand for lead-acid batteries in forklift, emergency power backup, heavy machinery, and UPS systems due to its cost-competitive, heavyweight, and maintenance-free.Application Segmental Analysis
Based on the application, the global battery recycling market segmented into transport, consumer electronics, industrial, and others. The transport segment led the battery recycling market in 2021 and is expected to witness significant growth during the forecast period based on rising demand for battery in the automobile as it can deliver high power to start an engine. Additionally, the growing demand for electric vehicles will spur the transport battery market. The industrial segment will grow at a significant rate during the forecast period. It is owing to the rising usages of lead-acid in Uninterruptible Power Supply systems as they provide high power density and enhanced life expectancy along with the increasing adoption of UPS systems as an essential power backup device in various industries.Processing State Segmental Analysis
Based on the processing state, the global battery recycling market categorized into the extraction of materials, disposal, and repackaging, reuse, and second life. The repackaging, reuse, and second life segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2030. It is attributable to these states’ help in evaporates the battery, which can recover and then extract battery products.Region Segmental Analysis
Based on geography, the global battery recycling market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific captured the largest market share of 2021. It is owing to the growing demand for electric vehicles, strong economic growth, the rapid pace of urbanization, and the changing standard of living. Europe is estimated to occupy an attractive growth rate in the global battery recycling market by 2030. The rising growth is attributed to the increasing demand for the UPS system in commercial infrastructure, increasing demand for electric vehicles, and the presence of key recyclers in these regions.Competitor Analysis
Companies such as Call2Recycle, Inc, Battery Solutions, LLC, Exide Technologies, Umicore, Exide Industries Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), GEM Co., Ltd., EnerSys, Johnson Controls International plc, Aqua Metals, Inc., Retriev Technologies Inc., Gravita India Limited, ECOBAT Logistics, Fortum Oyj, Teck Resources Limited, American Manganese Inc., Glencore International AG, TES-AMM Singapore Pte Ltd, RSR Corporation, COM2 Recycling Solutions, are the key players in the global battery recycling market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global battery recycling manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to battery recycling
- Regulatory bodies
- Suppliers
- Retailers
- In April 2021, Walmart revealed that it had conducted the deployment of 6.5 MW of solar power plans in its seven marts in California, which Sol Customer Solutions developed.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Chemistry- Lithium-ion battery
- Lead-acid battery
- Nickel-Cadmium battery
- Others
- Automotive Batteries
- Industrial Batteries
- Consumer & Electronic Appliance Batteries
- Transport
- Consumer Electronics
- Industrial
- Others
- Extraction of Materials
- Disposal
- Repackaging, Reuse, and Second Life
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
- Global Battery Recycling Market Overview
5.1. Market Size & Forecast,2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Chemistry
5.2.1.1. Lithium-ion battery
5.2.1.2. Lead-acid battery
5.2.1.3. Nickel-Cadmium battery
5.2.1.4. Others
5.2.2. By Source
5.2.2.1. Automotive Batteries
5.2.2.2. Industrial Batteries
5.2.2.3. Consumer & Electronic Appliance Batteries
5.2.3. By Application
5.2.3.1. Transport
5.2.3.2. Consumer Electronics
5.2.3.3. Industrial
5.2.3.4. Others
5.2.4. By Processing State
5.2.4.1. Extraction of Materials
5.2.4.2. Disposal
5.2.4.3. Repackaging, Reuse, and Second Life
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia-Pacific
5.2.5.4. South America
5.2.5.5. The Middle East & Africa
- North America Battery Recycling Market Overview
6.1. North America Battery Recycling Market Size & Forecast,2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. Market Share & Forecast, 2017-2030
6.2.1. By Chemistry
6.2.1.1. Lithium-ion battery
6.2.1.2. Lead-acid battery
6.2.1.3. Nickel-Cadmium battery
6.2.1.4. Others
6.2.2. By Source
6.2.2.1. Automotive Batteries
6.2.2.2. Industrial Batteries
6.2.2.3. Consumer & Electronic Appliance Batteries
6.2.3. By Application
6.2.3.1. Transport
6.2.3.2. Consumer Electronics
6.2.3.3. Industrial
6.2.3.4. Others
6.2.4. By Processing State
6.2.4.1. Extraction of Materials
6.2.4.2. Disposal
6.2.4.3. Repackaging, Reuse, and Second Life
6.2.5. By Country
6.2.5.1. US
6.2.5.2. Canada
6.2.5.3. Mexico
6.2.6. Company Market Share (Top 3-5)
6.2.7. Economic Impact study on North America Battery Recycling Market
- Europe Battery Recycling Market Overview
7.1. Europe Battery Recycling Market Size & Forecast,2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Market Share & Forecast, 2017-2030
7.2.1. By Chemistry
7.2.1.1. Lithium-ion battery
7.2.1.2. Lead-acid battery
7.2.1.3. Nickel-Cadmium battery
7.2.1.4. Others
7.2.2. By Source
7.2.2.1. Automotive Batteries
7.2.2.2. Industrial Batteries
7.2.2.3. Consumer & Electronic Appliance Batteries
7.2.3. By Application
7.2.3.1. Transport
7.2.3.2. Consumer Electronics
7.2.3.3. Industrial
7.2.3.4. Others
7.2.4. By Processing State
7.2.4.1. Extraction of Materials
7.2.4.2. Disposal
7.2.4.3. Repackaging, Reuse, and Second Life
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. UK
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Rest of Europe
7.2.6. Company Market Share (Top 3-5)
7.2.7. Economic Impact study on Europe Battery Recycling Market
- Asia-Pacific Battery Recycling Market Overview
8.1. Asia-Pacific Battery Recycling Market Size & Forecast,2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Market Share & Forecast, 2017-2030
8.2.1. By Chemistry
8.2.1.1. Lithium-ion battery
8.2.1.2. Lead-acid battery
8.2.1.3. Nickel-Cadmium battery
8.2.1.4. Others
8.2.2. By Source
8.2.2.1. Automotive Batteries
8.2.2.2. Industrial Batteries
8.2.2.3. Consumer & Electronic Appliance Batteries
8.2.3. By Application
8.2.3.1. Transport
8.2.3.2. Consumer Electronics
8.2.3.3. Industrial
8.2.3.4. Others
8.2.4. By Processing State
8.2.4.1. Extraction of Materials
8.2.4.2. Disposal
8.2.4.3. Repackaging, Reuse, and Second Life
8.2.5. By Country
8.2.5.1. India
8.2.5.2. Japan
8.2.5.3. Australia
8.2.5.4. Rest of Asia Pacific
8.2.6. Company Market Share (Top 3-5)
8.2.7. Economic Impact study on Asia-Pacific Battery Recycling Market
- South America Battery Recycling Market Overview
9.1. South America Battery Recycling Market Size & Forecast,2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. Market Share & Forecast, 2017-2030
9.2.1. By Chemistry
9.2.1.1. Lithium-ion battery
9.2.1.2. Lead-acid battery
9.2.1.3. Nickel-Cadmium battery
9.2.1.4. Others
9.2.2. By Source
9.2.2.1. Automotive Batteries
9.2.2.2. Industrial Batteries
9.2.2.3. Consumer & Electronic Appliance Batteries
9.2.3. By Application
9.2.3.1. Transport
9.2.3.2. Consumer Electronics
9.2.3.3. Industrial
9.2.3.4. Others
9.2.4. By Processing State
9.2.4.1. Extraction of Materials
9.2.4.2. Disposal
9.2.4.3. Repackaging, Reuse, and Second Life
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Rest of South America
9.2.6. Company Market Share (Top 3-5)
9.2.7. Economic Impact study on South America Battery Recycling Market
- The Middle East & Africa Battery Recycling Market Overview
10.1. The Middle East & Africa Battery Recycling Market Size & Forecast,2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. Market Share & Forecast, 2017-2030
10.2.1. By Chemistry
10.2.1.1. Lithium-ion battery
10.2.1.2. Lead-acid battery
10.2.1.3. Nickel-Cadmium battery
10.2.1.4. Others
10.2.2. By Source
10.2.2.1. Automotive Batteries
10.2.2.2. Industrial Batteries
10.2.2.3. Consumer & Electronic Appliance Batteries
10.2.3. By Application
10.2.3.1. Transport
10.2.3.2. Consumer Electronics
10.2.3.3. Industrial
10.2.3.4. Others
10.2.4. By Processing State
10.2.4.1. Extraction of Materials
10.2.4.2. Disposal
10.2.4.3. Repackaging, Reuse, and Second Life
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of the Middle East & Africa
10.2.6. Company Market Share (Top 3-5)
10.2.7. Economic Impact study on The Middle East & Africa Battery Recycling Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Call2Recycle, Inc
11.7.2. Battery Solutions, LLC
11.7.3. Exide Technologies
11.7.4. Umicore
11.7.5. Exide Industries Ltd.
11.7.6. Contemporary Amperex Technology Co. Ltd. (CATL)
11.7.7. GEM Co., Ltd.
11.7.8. EnerSys
11.7.9. Johnson Controls International plc
11.7.10. Aqua Metals, Inc.
11.7.11. Retriev Technologies Inc.
11.7.12. Gravita India Limited
11.7.13. ECOBAT Logistics
11.7.14. Fortum Oyj
11.7.15. Teck Resources Limited
11.7.16. American Manganese Inc.
11.7.17. Glencore International AG
11.7.18. TES-AMM Singapore Pte Ltd
11.7.19. RSR Corporation
11.7.20. COM2 Recycling Solutions
11.7.21. Other Prominent Players
Frequently Asked Questions(FAQ)
The global battery recycling market is estimated to reach USD 17.9 billion by 2030, registering a CAGR of 36.2%. Its size was valued at USD 1.7 billion in 2022.
It is the reuse and reprocessing practice of batteries aimed at reducing the number of batteries disposed of as material waste. Battery recycling aims to reduce the number of batteries disposed of as municipal solid waste.
he rise in demand for electronic equipment and increasing consumption of portable electronics such as laptops, mobile phones, tablets, digital cameras, camcorders, etc. are estimated to boom the market growth.
Companies such as Call2Recycle, Inc, Battery Solutions, LLC, Exide Technologies, Umicore, Exide Industries Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), GEM Co., Ltd., EnerSys, Johnson Controls International plc, Aqua Metals, Inc., Retriev Technologies Inc., Gravita India Limited, ECOBAT Logistics, Fortum Oyj, Teck Resources Limited, American Manganese Inc., Glencore International AG, TES-AMM Singapore Pte Ltd, RSR Corporation, COM2 Recycling Solutions, are the key players in the global battery recycling market.
