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ALBANY, New York, June 18, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Battery Recycling Market by Chemistry (Lead-acid Battery, Lithium-based Battery, Nickel-based Battery, and Others), Source (Automotive Batteries, Industrial Batteries, and Consumer & Electronics Appliance Batteries), and Application (Transportation, Consumer Electronics, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global battery recycling industry was estimated at $8.0 billion in 2018, and is anticipated to hit $18.3 billion by 2026, registering a CAGR of 10.9% from 2019 to 2026. Drivers, restraints, and opportunities- Higher threat to the environment through battery disposal and highrecycling rate associated with lead-acid batteries drive the growth of the global battery recycling market. On the other hand, rise in focus toward lowering cost of lithium-ion batteries curtails down the growth to some extent. However, rapid adoption of electric vehicles is expected to pave the way for multiple opportunities in the industry. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5576 The lead-acid battery segment to dominate by 2026- By chemistry, the lead-acid battery segment contributed to more than two-thirds of the global battery recycling market share in 2018, and is expected to maintain the lion's share by the end of 2026. This is attributed to its recyclable nature. Simultaneously, the lithium-based battery segment would grow at the fastest CAGR of 11.3% throughout the forecast period. Increasing efforts of manufacturers to develop effective lithium-ion battery recycling method along with growing awareness of lithium-ion battery recycling process are expected to drive the growth of the segment. The industrial batteries segment to maintain the dominant share- By source, the industrial batteries segment held the highest share in 2018, generating more than half of the global battery recycling market. In industrial applications, lead-acid batteries are considered as an ideal source of power that are cost-competitive, heavyweight, and maintenance-free. This factor has driven the growth of the segment. The automotive batteries segment, on the other hand, would register the fastest CAGR of 11.3% during the estimated period. Emergence of electric vehicles is the primary factor that is fueling the adoption of batteries among end-users which, in turn, propels the segment growth. Get detailed COVID-19 impact analysis on the Battery Recycling Market: https://www.alliedmarketresearch.com/request-for-customization/5576?reqfor=covid Europe, followed by North America, garnered the major share in 2018- By geography, Europe accounted for nearly two-fifths of the global battery recycling market revenue in 2018, and is projected to rule the roost till 2026. This is attributed to significant support by the European Union governments and regulatory bodies present in the region that have been regulating favorable policies for recycling. At the same time, the Asia-Pacific region would showcase the fastest CAGR of 11.4% by 2026. Asia-Pacific is known for established automotive industry growth, robust industrialization, and diverse nature of the consumer electronics industry. These three factors drive the growth of the market. Key players in the industry- East Penn Manufacturing Company Enersys Exide Industries Limited Gopher Resource LLC Umicore Terrapure Environmental Aqua Metals, Inc. Gravita India Limited Eco-Bat Technologies Ltd Retriev Technologies Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/battery-recycling-market/purchase-options Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports We Have: Lithium-ion Battery Market: The lithium-ion battery market size was valued $36.7 billion in 2019, and is projected to reach$129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. Renewable Energy Market: The global renewable energy market was valued at $928.0 Billion in 2017, and is expected to reach $1,512.3 Billion by 2025, registering a CAGR of 6.1% from 2018 to 2025. Waste to Energy Market: Global waste to energy market was valued at $17,271.4 million in 2017, and is projected to reach $27,700.8 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. Solar Energy Market: The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026. Solar Tracker Installation Market: The global solar tracker installation market was valued at $162.7 billion in 2018 and is projected to reach $379.2 billion by 2026, growing at a CAGR of 11.1% from 2019 to 2026. Pre-Book Now with 12% Discount: Battery Technology Market- Global Opportunity Analysis and Industry Forecast, 2020-2027 Portable Battery Market- Global Opportunity Analysis and Industry Forecast, 20202027 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact us: David Correa5933 NE Win Sivers Drive#205, Portland, OR 97220United States Toll Free: 1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1-855-550-5975[emailprotected] Web: https://www.alliedmarketresearch.comFollow Us on: LinkedIn Twitter SOURCE Allied Market Research

Answer: Battery Recycling Market to Reach $18.3 Bn, Globally, by 2026 at 10.9% CAGR: Allied Market Research Higher threat to the environment through battery disposal and high recycling rate associated with lead-acid batteries drive the growth of the global battery recycling market