Global Battery Recycling Market: Awareness for Energy Conservation Te oct2016 | Page 2

Battery Recycling Market

REPORT DESCRIPTION

Battery Recycling Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast
2016 - 2024
The high level of competition among established battery manufacturers for recycling is indicative of the
rising adoption and provision of battery recycling. Transparency Market Research (TMR) observes that
although battery recycling is still a niche market, technological advancements and innovations pertaining
to the recovery of complex materials have lent this market immense potential. So much so, that despite
the requirement of high initial capital investments, new entrants and smaller players have been able to
make the most of the opportunity thanks to immense support from environmental institutions and
governments.
Complete Report with TOC : http://www.transparencymarketresearch.com/battery-recycling-market.html
Apart from focusing on innovation as a growth strategy, companies in the battery recycling market have
also been resorting to mergers and acquisitions to expand their businesses and deliver consistent quality
products and services to customers. For instance, EnerSys and PowerGenix joined hands in March 2012 to
produce highly rechargeable and recyclable nickel-zinc batteries.
In addition to providing significant scope for players in the battery recycling market, the growing trend of
recycling batteries provides a major opportunity for those in the lead extraction and reselling market.
Environmental Hazards of Spent Batteries Fueling Action
Batteries are made up of various materials such as cadmium, lead, lithium, mercury, nickel, manganese,
and zinc, and quite a few of these are extremely toxic. Used batteries, if not disposed of properly, can
result in hazardous health and environmental conditions. Recognizing the critical nature of these batteries
and the adverse impact of their disposal in landfills, companies and governments have been compelled to
take various initiatives to recycle batteries.
“Battery recycling services are being provided by not-for-profit as well as profit-making organizations by
joining hands with several leading automobile manufacturers. This has significantly driven the global
market for battery recycling,” the analyst states.
In February 2016, Call2Recycle – a non-profit in the U.S. – collaborated with Battery Solutions LLC to set up
a batteries sorting business across the U.S. One of biggest opportunities identified from this partnership
was improving the efficiency of managing waste batteries by collaborating with a leader in sorting
technologies.
Although the practice of battery recycling has been gaining strength at the industrial level with electronic
appliances and automotive companies setting up their own recycling centers, the awareness level of
among final consumers continues to remain low. This lack of knowledge about battery recycling is likely to
act as a major impediment to the growth of this market.

Transparency Market Research

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