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The primary battery recycling market share is expected to increase by USD 62.77 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.37%.
This primary battery recycling market research report extensively covers primary battery recycling market segmentation by technology (alkaline, primary lithium, and others) and geography (Europe and ROW). The primary battery recycling market report also offers information on several market vendors, including Battery Solutions LLC, Call2Recycle Inc., COREPILE, Ecocycle, EnerSys, Exide Technologies, Gravita India Ltd., GRS Batteries Foundation, Johnson Controls International Plc, and Umicore among others.
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"The two regions have been ranked based on their market size in 2020. Europe ranked first as the largest region, while ROW was the smallest region in 2020. In 2025, APAC will overtake North America and emerge as the largest segment in the global automotive torque converter market"
Based on our research output, there has been a negative impact on the market growth during and post the COVID-19 era. The self-sufficiency of raw materials is notably driving the primary battery recycling market's growth, although factors such as the logistical issues associated with battery recycling may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the primary battery recycling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Primary Battery Recycling Market Driver
The supply of critical raw materials for manufacturing batteries can be ensured by sourcing from other countries, developing domestic sourcing, or promoting the recycling of used/scrap batteries. The raw materials required for manufacturing primary batteries such as natural graphite, manganese, and nickel are highly concentrated in a few countries across the globe. Promoting the recycling of used batteries remains the best option for decreasing the dependency of countries with high battery consumption on other nations. Thus, self-sufficiency of raw materials is a key market driver.
Key Primary Battery Recycling Market Trend
Vendors in the market are opening new battery recycling facilities, owing to the growing demand for battery recycling. In addition, governments of various countries are opening recycling centers to focus on the recycling industry and reduce the reliance on foreign sources of battery materials. Therefore, increasing investments in battery recycling plants will drive the growth of the market.
Key Primary Battery Recycling Market Challenge
Recycling used batteries is a complex process compared with other alternatives, such as disposing of the battery after usage. The monitoring and collecting of used batteries are the initial steps in the entire battery recycling process. The key issue lies with the transportation of collected batteries to recycling centers. The metals and other minerals recovered from the recycling process do not yield high profits. Thus, the logistical issues associated with battery recycling impede market growth.
This primary battery recycling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The growth in the global renewable electricity market will be driven by factors such as supporting policies and targets for deployment of renewable power, declining costs of renewable energy technologies, increasing demand for renewable power due to environmental concerns, and technological advances. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the primary battery recycling market during the forecast period.
The global independent power and renewable electricity market size include combined revenue generated by companies involved in the generation and distribution of independent power producers, gas and power marketing and trading specialists, and/or integrated energy merchants and renewable electricity. The market also includes manufacturers of raw materials and equipment used in the solar power market. Growth in the global renewable electricity market will be driven by the following factors: Supporting policies and targets for the deployment of renewable power: he adoption of renewables has significantly increased over the past decade due to the effective policies and ambitious targets. The worldwide renewable power generation capacity has been supported by government policies and subsidies. Governments' targets and policies have resulted in increasing efforts to advance the adoption of all types of renewables in the power sector.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the primary battery recycling market encompasses successful business strategies deployed by the key vendors. The primary battery recycling market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The primary battery recycling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the primary battery recycling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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