Global Battery Recycling Market Overview:
The global battery recycling market is expected to rise during the forecasted period due to the huge consumption of automobiles across the developing countries and also the increased awareness about the effects of battery waste on the environment. Battery recycling basically involves the dismantling of all the battery components which is actually a complex process, the steps involved in the process are waste preparation and metallurgical processing. However, the setting up of battery recycling requires huge investment.
- Increasing Consumption of Automotive Across the Developing Countries
- Growing Awareness about the Adverse Impact of Waste Battery on Environment
- Massive Generation of Battery Waste from Electic Products
- Increase in Lead Acid Battery Recycling
- Huge Investment Cost is Involved in Setting up of the Battery Recycling Industry
- The Electric Vehicle Production will Boos the Battery Recycling Market
- Surging Demand for More Battery Operated Products will Lead to Battery Recycling
- Complications Involved in Battery Recycling
Some of the key players profiled in the report are Fortum (Finland), Redux GmbH (Germany), Umicore N.V. (Belgium), Johnson Controls (Ireland), Exide Technologies (United States), G&P Batteries (United Kingdom), Doe Run Resources Corporation, (United States), East Penn Manufacturing (United States), EnerSys (United States), Retriev Technologies (United States), Gopher Resource LLC (United States) and RSR Corporation (United States). Considering Market by End Use, the sub-segment i.e. Extraction of Material will boost the Battery Recycling market. Considering Market by Battery, the sub-segment i.e. Lead Acid Battery will boost the Battery Recycling market. Considering Market by Source, the sub-segment i.e. Automotive will boost the Battery Recycling market.
"According to the European Union, Directive, Member States must transpose the Directive into national law so that end-users may discard spent batteries and accumulators at local collection points for no charge. Producers of batteries and accumulators must be registered and bear the costs of collecting, treating, and recycling industrial, automotive, and portable batteries and accumulators, as well as the costs of campaigns to inform the public of these arrangements. Small producers may be exempt from this obligation. Product markings are required for batteries and accumulators to provide information on capacity and to facilitate reuse and safe disposal. Member States also must take action to ensure that manufacturers design appliances so that batteries and accumulators may be removed readily and safely."
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Battery Recycling market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Battery Recycling market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Battery Recycling Service Providers, Research and Development Institutes, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.