TMCnet News
Battery Recycling Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024LONDON, Aug. 24, 2016 /PRNewswire/ -- Batteries find extensive applications in various industries and end use applications. They are the most important equipment for electrical energy storage. In recent times the world has seen exponential growth in portable devices in critical as well as no critical functions of day to day life. This growth in portable devices has seen a tremendous growth in battery usage. Chemicals store energy in a battery and then deliver it to desired usage through a chemical reaction. In chargeable batteries this process is reversible for certain number of cycles. In non-chargeable batteries the process is not reversible. In both types of batteries once the capacity of delivering energy of the battery comes to an end it needs replacement. The new battery replaces old battery and old battery is thrown away. Due to large quantum of devices using batteries these used batteries are posing environmental concerns due to presence of hazardous chemicals. There are different ways to treat these spent batteries. These batteries can be used to extract materials, can be awarded a second life through repackaging or can be disposed scientifically. The high-level analysis in the report provides detailed insights into the battery recycling business globally. There are currently numerous drivers for the market. One of the most compelling drivers is rising environmental hazards across the globe created by used batteries. Market attractiveness analysis was carried out for the battery recycling market on the basis of regions. Market attractiveness is estimated on the basis of common parameters that directly impact the market in different regions. The battery recycling market is segmented by battery chemistry (lithium ion, lead acid, nickel cadmium, and others), by spent battery source (automotive, electronic appliance, and others), and by end-use (extraction of material, repackaging, reuse, and second life). The market is analyzed across five geographies: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Regional data has been provided for each sub-segment of the battery recycling market. Key players in the market include Battery Solutions LLC, Call2Recycle, Inc., East Penn Manufacturing Company, EnerSys, Exide Technologies, G&P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies Inc., and Umicore N.V. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments. Considering the global adoption pattern of battery recycling technology, the battery recycling market has been segmented as follows: Battery Recycling Market: By Battery Chemistry Lithium Ion Lead Acid Nickel Cadmium Others Battery Recycling Market: By Spent Battery Source Automotive Electronic Appliance Others Battery Recycling Market: By End-use Extraction of Material Repackaging, Reuse, and Second Life Disposal Battery Recycling Market: By Region North America U.S. Canada Mexico Europe Germany Norway Netherlands U.K. France Spain Finland Russia Rest of Europe Asia Pacific Australia China India Japan South Korea Rest of Asia Pacific Middle east & Africa UAE South Africa Rest of Middle East & Africa South America Brazil Argentina Columbia Rest of South America Download the full report: https://www.reportbuyer.com/product/4086940/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/battery-recycling-market---global-industry-analysis-size-share-growth-trends-and-forecast-2016---2024-300317908.html SOURCE ReportBuyer 
|