Subsidies to Encourage Battery Recycling


Posted November 6, 2019 by RohanPatnakar

xtraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.
 
The Global Battery Recycling Market was valued at USD 8.10 Billion in 2016 and is projected to reach USD 11.83 Billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

Browse 104 market data tables and 42 figures spread through 148 pages and in-depth TOC on "Battery Recycling Market by Chemistry (Lead Acid, Lithium-Based, Nickel-Based), Source (Automotive, Industrial, Consumer & Electronic Appliance), End Use, Material, and Region - Global Forecast to 2022".

Request Sample Report @ http://bit.ly/2YYf04B

Based on source, the automotive source is the largest source segment of the battery recycling market
Based on source, the automotive segment is the largest source segment of the global battery recycling market. The automotive industry accounts for the highest output of spent lead acid batteries globally. This trend is expected to continue during the forecast period, attributed mainly to the stringent regulations set by the environmental protection agencies regarding pollution emission standards. The automotive source segment is also expected to be the fastest-growing segment as increasing environmental regulations and metal scarcity for automotive and industrial applications has resulted in high demand for recycling across the regions.

Europe was the largest market for the battery recycling in 2016
Europe was the largest battery recycling market in 2016. The growing output of spent batteries from various end-use sources, such as automotive, industrial, and consumer & electronic appliances is responsible for the growth of the Europe battery recycling market. Stringent environmental regulations for proper disposal and recycling of batteries in countries such as Germany and the U.K. are also among the factors expected to drive the European battery recycling market during the forecast period. Key countries in the Europe battery recycling market are Germany, the U.K., France, Russia, and Italy.

Download PDF Brochure @ http://bit.ly/2Z0c47P

There are a few more companies that are working in the battery recycling market. These include Aqua Metals (U.S.), Umicore (Belgium), EnerSys (U.S.), Teck Resources Ltd. (Canada), Gopher Resource (U.S), G&P Batteries (U.K.), Terrapure Environmental (Canada), East Penn Manufacturing Co. (U.S.), Retriev Technologies Inc. (U.S.), Com2 Recycling Solutions (U.S.), RSR Corporation (U.S.), Doe Run (U.S.), Raw Materials Company Inc. (Canada), World Logistics Inc. (U.S.), Guangdong Brunp Recycling Technology Co., Ltd, (China), Metalex Products Ltd. (Canada), Accurec Recycling GmbH (Germany), Tonolli Canada, Ltd. (Canada), Kinsbursky Brothers, Inc. (U.S.), Recupyl S.A.S. (France), and Vinton Batteries (U.K.).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430
Northbrook, IL 60062 USA
Country United States
Categories Automotive
Tags battery recycling , battery recycling market , battery recycling market forecast , battery recycling market share , battery recycling market size
Last Updated November 6, 2019