Market Revenue Battery Recycling Industry Key Opportunities

Battery Recycling Industry Key Opportunities, Value Chain
Analysis, Demand Till 2025
“Battery Recycling Market size was valued at USD 8.74 billion in 2016 and is
anticipated to reach USD 21.04 billion by 2025, with a CAGR of 10.4%.
Stringent government regulations coupled with a progressive environment to
pursue factors related to reduction in emission of formidable greenhouse
gases and compliance with environmental protection.”
The global Battery Recycling Market size was valued at USD 8.74 billion in 2016 and is anticipated to reach USD
21.04 billion by 2025, with a CAGR of 10.4%. Stringent government regulations coupled with a progressive
environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance
with environmental protection and conservation is proving to be a growing impetus for battery recycling market.
Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with
government recognizing the need for implementing initiatives in order to recycle batteries are constructive
drivers to the market. Successful JV’s between profitable ventures and NGO’s in collaboration with leading
automobile manufacturers has boosted the battery recycling market.
Battery recycles market still being in nascent stage and giving leverage to technological advancements
comprising new entrants and small players descending on the market with high capital investments
notwithstanding, market is surging forward thanks to growing incentives from government and environmental
institutions. Mergers and Acquisitions (M and A) have also incremented sales forecasting impressive sales
figures with concurrent business expansions leading to satisfied customers. Restraints, owing to ignorance of
discerning populace in relation to battery recycling and environmental constraints with regard to battery
disposal exists, with the awareness level of industries continuing to be strong thanks to the application of
recycled battery in electronics and automotive sectors. Based on battery source, Battery recycling market is
segmented into automotive, electronic appliance and others.
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