Europe Battery Recycling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Others) and Battery Source (Automotive, Industrial, Household, Consumer Electronics, and Forklift)
Market Introduction
The Europe battery recycling market is a highly fragmented 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.
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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
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- 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 -By 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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Battery Recycling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Battery Recycling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in the Demand for Recycled Products along with Recovery of Valuable Metals
5.1.2 Increasing Government Regulations Pertaining to Battery Disposal and Recycling
5.2 Market Restraints
5.2.1 Technical and Economic Challenges Related to Battery Recycling
5.3 Market Opportunities
5.3.1 An Upsurge in the Popularity of Electric Vehicles (EVs)
5.4 Future Trends
5.4.1 Shift in Focus Towards Lithium-Ion Battery Recycling
5.5 Impact Analysis of Drivers and Restraints
6. Battery Recycling – Europe Market Analysis
6.1 Battery Recycling Market Overview
6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Battery Recycling Market Analysis – By Type
7.1 Overview
7.2 Europe Battery Recycling Market Breakdown, by Type, 2020 & 2028
7.3 Lead Acid Battery
7.3.1 Overview
7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Lithium-Based Battery
7.4.1 Overview
7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Nickel-Based Battery
7.5.1 Overview
7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Battery Recycling Market Analysis – By Battery Source
8.1 Overview
8.2 Europe Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028
8.3 Automotive
8.3.1 Overview.
8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Household
8.5.1 Overview
8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Consumer Electronics
8.6.1 Overview
8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Forklift
8.7.1 Overview
8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Battery Recycling Market – Country Analysis
9.1 Europe: Battery Recycling Market
9.1.1 Europe: Battery Recycling Market, by Key Country
9.1.1.1 Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Battery Recycling Market, by Type
9.1.1.1.2 Germany: Battery Recycling Market, by Battery Source
9.1.1.2 France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Battery Recycling Market, by Type
9.1.1.2.2 France: Battery Recycling Market, by Battery Source
9.1.1.3 Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Battery Recycling Market, by Type
9.1.1.3.2 Italy: Battery Recycling Market, by Battery Source
9.1.1.4 UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Battery Recycling Market, by Type
9.1.1.4.2 UK: Battery Recycling Market, by Battery Source
9.1.1.5 Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Battery Recycling Market, by Type
9.1.1.5.2 Russia: Battery Recycling Market, by Battery Source
9.1.1.6 Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Battery Recycling Market, by Type
9.1.1.6.2 Rest of Europe: Battery Recycling Market, by Battery Source
10. Overview – Impact of COVID-19 on Europe Battery Recycling Market
10.1 Impact of COVID-19 on Battery Recycling Market
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Business Planning and Strategy
11.3 Partnership and Joint Venture
12. Company Profiles
12.1 Clarios
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 East Penn Manufacturing Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exide Industries Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Contemporary Amperex Technology Co. Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Gopher Resource
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GP Batteries International Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. Europe: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 4. France Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. France Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 6. Italy Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 8. UK Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. UK Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 10. Russia Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Russia Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Europe Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Europe Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 14. Glossary of Term: Battery Recycling MarketLIST OF FIGURES
Figure 1. Battery Recycling Market Segmentation
Figure 2. Battery Recycling Market Segmentation – By Country
Figure 3. Europe Battery Recycling Market Overview
Figure 4. Lead Acid Battery Segment is Dominating the Europe Battery Recycling Market
Figure 5. Germany Held Largest Share of Europe Battery Recycling Market
Figure 6. Europe Battery Recycling Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Battery Recycling Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Battery recycling Market Impact Analysis of Drivers and Restraints
Figure 11. Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Battery Recycling Market Breakdown, by Type, 2020 & 2028
Figure 13. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028
Figure 18. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Battery Recycling Market, by Key Country – Revenue (2020) (USD Million)
Figure 24. Europe: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. Germany: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. France: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Italy: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UK: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Europe- Clarios
- East Penn Manufacturing Company
- Exide Industries Limited
- Contemporary Amperex Technology Co. Limited
- Gopher Resource
- GP Batteries International Limited
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