Battery Recycling Market Worth $21.04 Billion By 2025 | CAGR: 10.4%


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The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc.


The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market growth over the next eight years.

Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products.

The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.

Companies are making efforts to improve the competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down cost & combat environmental pollution. ECOBAT has developed its own collection system to collect spent batteries.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/battery-recycling-market

Further key findings from the report suggest:

Grand View Research has segmented the global battery recycling market on the basis of chemistry, application, and region:

Chemistry Outlook (Revenue, USD Million; 2014 - 2025)

Application Outlook (Revenue, USD Million; 2014 - 2025)

Regional Outlook (Revenue, USD Million; 2014 - 2025)

Access Press Release Of This Research Report by Grand View Research: https://www.grandviewresearch.com/press-release/global-battery-recycling-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 




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