Europe Battery Recycling Market

Market Introduction

The Europe battery recycling market is a highly fragment

ed

market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The surge in demand for lithium-ion batteries across consumer electronics, electric vehicles, and grid electrical storage, has increased the need for critical materials including cobalt, lithium, and graphite. With the steady growth in the demand for lithium-ion batteries, the focus has been shifted upon resource activation with the help of recycling. There is a rising need to incorporate advanced technology to promote resource efficiency, along with an economically feasible recycling system for lithium-ion batteries, to maintain the future supply of the component materials. At present, the focus of the research has been shifted toward recovering as many materials as possible while recycling a Li-ion battery, to promote environmental and economic sustainability. As per an article published by the American Chemical Society, in July 2019, researchers in the UK formed a large consortium that was committed to improving Li-ion battery recycling, recovering specifically from electric vehicles.  Further, researchers are currently focusing their efforts to develop designs and materials related to lithium-ion batteries, which can effectively ease the future recovery of the batteries.

In Europe, the ongoing pandemic has drastically altered the status of the electronics sector and negatively impacted the growth of the battery recycling market. The operations of several industries such as electronics, automotive, power, and others have been impacted during the pandemic, which has, in turn, impacted the delivery cycle and increased import-export tariff of recycled batteries. The market has been impacted by the distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international borders. Disruptions in terms of sourcing of raw materials from suppliers and temporary closure of manufacturing bases due to lockdowns and quarantines have impacted the growth of the market during the pandemic. However, as the economies are planning to revive their operations, the demand for battery recycling is expected to rise in Europe. The expanding demand for battery recycling across automotive, industrial, household, consumer electronics, and other industries, along with significant investment by prominent manufacturers, is expected to drive the growth of the battery recycling market.

Europe Battery Recycling Strategic Insights

Strategic insights for the Europe Battery Recycling provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Battery Recycling Report Scope

Europe Battery Recycling Regional Insights

The geographic scope of the Europe Battery Recycling refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The battery recycling market in Europe is expected to grow from US$ 2,753.11 million in 2021 to US$ 6,756.00 million by 2028; it is estimated to grow at a CAGR of 13.7% from 2021 to 2028. A relevant draft law is currently being discussed in the EU Parliament which includes a 95% recycling quota for both alkaline single-use batteries and rechargeable NiCad cells by 2030. Thus, increased adoption of electric vehicles, along with proposed regulations from the European Union Commission, is driving the battery recycling market in Europe. The increase in demand for consumer electronic batteries in Europe is also boosting the need for the recycling of batteries. Low cost and wide application across consumer electronics, including flashlights, calculators, clocks, and smoke alarms, coupled with increasing sales of consumer electronics in the region, are increasing the demand for consumer electronics batteries. This will lead to a requirement of efficient battery management practices, and there will be an increase in demand for the recycling of such consumer electronic batteries. This, in turn, will drive the battery recycling market in Europe.  

Key Market Segments

Based on type, the lead acid battery segment accounted for the largest share of the Europe battery recycling market in 2020. Based on battery source, the consumer electronics segment accounted for the largest share of the Europe battery recycling market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe battery recycling market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Clarios; Contemporary Amperex Technology Co. Limited; East Penn Manufacturing Company; Exide Industries Limited; G P Batteries International Limited; and Gopher Resource.

Reasons to buy report

• To understand the Europe battery recycling market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe battery recycling market
• Efficiently plan M&A and partnership deals in Europe battery recycling market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe battery recycling market
• Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.

Europe Battery Recycling Market Segmentation

Europe Battery Recycling Market -B

y Type

• Lead Acid Battery
• Lithium-Based Battery
• Nickel-Based Battery
• Others

Europe Battery Recycling Market -By Battery Source

• Automotive
• Industrial
• Household
• Consumer Electronics
• Forklift

Europe Battery Recycling Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Battery Recycling Market – Company Profiles

• Clarios
• East Penn Manufacturing Company
• Exide Industries Limited
• Contemporary Amperex Technology Co. Limited
• Gopher Resource
• GP Batteries International Limited