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May 26, 2020 1:04 PM ET

Battery Recycling Market Size Expansion, Industry Share Valuation in 2020, Business Opportunities Assessment by 2026


Battery Recycling Market Size Expansion, Industry Share Valuation in 2020, Business Opportunities Assessment by 2026

iCrowd Newswire - May 26, 2020

Battery Recycling Market Size, Share and Global Trend By Battery Type (Primary Battery, Secondary Battery), By Chemistry (Lead Acid Battery, Nickel Cadmium Battery, Nickel Metal Hydride Battery, Lithium-Ion Battery), By Source (Automotive, Consumer and Electronic Appliance, Industrial Battery) and Geography Forecast till 2026

Battery Recycling Market Overview:

 

Extensive use of batteries and rising demand for energy source across the globe are creating growth opportunities for the battery recycling market, says Fortune Business insights in a report, titled “Battery Recycling MarketSize, Share and Global Trend By Battery Type (Primary Battery, Secondary Battery), By Chemistry (Lead Acid Battery, Nickel Cadmium Battery, Nickel Metal Hydride Battery, Lithium-Ion Battery), By Source (Automotive, Consumer and Electronic Appliance, Industrial Battery) and Geography Forecast till 2026”. Rising battery waste and its hazardous effect on the environment are key factors accelerating the battery recycling market growth pace.

 

An Overview of the Impact of COVID-19 on this Market:

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Click here to get the short-term and long-term impact of COVID-19 on this Market:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/battery-recycling-market-100255

 

Top companies covered in the Battery Recycling Market are

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DOELaunches the First Battery Recycling Center

 

The Department of Energy (U.S) launched the first lithium-ion battery recycling center, called theRecell Center. This center is predicted to create jobs opportunities and produce a national supply of lithium-based battery materials. The launch of this center is expected to fuel demand among other companies and departments with a focus to inaugurate battery recycling centers in other regions.

 

Pre Book Complete Research Report:https://www.fortunebusinessinsights.com/checkout-page/100255

 

Numerous key companies are partnering amongst each other to recycle lithium batteries and cells, for instance, ABB FIA Formula E Championship announced Umicore as their official battery recycling partner to recycle lithium-ion battery units and cells used during the first two seasons of the electric street racing series. The partnership is expected to aid significantly towards the growth of battery recycling market.

 

Increasing Battery Waste to Create Growth Opportunities

 

The market on the basis of type is segmented into secondary batteries and primary batteries. Primary batteries are majorly used in watches, electric toys, consumer electronics and others, these batteries are non-rechargeable. Secondary batteries are mainly used in electronics, automotive, industrial battery, electrical equipment, and others but are rechargeable batteries. On the basis of chemistry type, the battery recycling market is segmented into lead-acid battery, nickel cadmium, nickel metal hydride battery lithium-ion battery, and others.

 

Batteries are widely used across various sections such as electronic, electrical gadgets, energy storage, electric vehicle, mining operation, marine submarine applications. These segmentations generate million and billions of tons of used battery waste which is likely to assist in the growth of battery recycling market. The rising concern of dumping batteries has worried the global leaders and has impelled them to take strict action and regulate recycling guidelines for the prevention of serious environmental hazard. This factor is expected to boost the global market and enable growth opportunities.

 

North America Forecast to Emerge Dominant

 

Geographically, the battery recycling market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is leading the market, owing to the new developments in the field of automobile, telecommunication, aerospace-aviation, infrastructure, energy development and others. Department of Energy (U.S.) launched their new center for recycling lithium batteries and implement other battery recycle plans. This center is likely to escalate the market growth in the region.

 

In 2006, the European Parliament announced a battery Instruction with an objective to improve environmental conditions by operational collection and separation of batteries. European nations are more worried about rising carbon emission and hence are applying strict guidelines to prevent environmental degradation. More countries in the region are accepting renewable forms of energy which not only diminishes carbon emission but also minimizes the dependency of fossil fuel. These steps taken by the government to prevent environmental hazards and the adoption of renewable energy is propelling the growth of the global market in the region.

 

Gain More Insights into the Inverter Duty Motor Market Research Report:https://www.fortunebusinessinsights.com/industry-reports/battery-recycling-market-100255

 

 

About Us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges

 

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Battery Recycling Market Size Expansion, Industry Share Valuation in 2020, Business Opportunities Assessment by 2026






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