New York, June 23, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Battery Recycling Market by Source, Chemistry, Material and Region – Global Forecast to 2030” – https://www.reportlinker.com/p05099511/?utm_source=GNWThe industrial batteries segment held the second-largest share in 2022.The growth of this segment can be attributed to the requirement of battery recycling in the industrial sector due to the rising need for energy storage devices such as large-scale batteries used for grid stabilization and integration of renewable energy sources.The lithium-based chemistry segment held the second-largest share in 2022.Batteries made of lithium are essential for storing renewable energy and ensuring a steady supply of power, which helps the battery market expand.Europe has set strict legislation and guidelines in order to ensure the management of batteries, including their collection, recycling, and disposal.The Battery Directive of the European Union promotes a circular economy by setting specified goals for the collecting and recycling of batteries.• By Company Type: Tier 1 – 65%, Tier 2 –20%, and Tier 3 – 15%
• By Designation: C-level Executives – 25%, Directors – 30%, and Others – 45%
• By Region: North America – 30%, Europe –20%, Asia Pacific – 40%, Middle East & Africa-7%, South America –3%The report defines, segments, and projects the size of the battery recycling market based on source, chemistry, and region.It strategically profiles the key players and comprehensively analyzes their market share and core competencies.The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the battery recycling market and its segments.This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies.• Analysis of key drivers (increase in demand for electric vehicles), restraints (safety issues related to the storage and transportation of spent batteries), opportunities (growing demand for renewable energy storage), and challenges (high cost of recycling and dearth of technologies) influencing the growth of the battery recycling market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the battery recycling market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the battery recycling market across varied regions.
• Market Diversification: Exhaustive information about new services, various recycling processes, untapped geographies, recent developments, and investments in the battery recycling market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as Call2Recycle, Inc. (US), Cirba Solutions (US), Element Resources (US), Umicore (Belgium), Contemporary Amperex Technology Co., Limited (China), and Exide Industries Ltd. (India) among others in the battery recycling market.
Read the full report: https://www.reportlinker.com/p05099511/?utm_source=GNWReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
(GlobeNewsWire)