Sunday, August 14, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Energy and Utilities Clean Technology Europe Battery Recycling Market by Source, by Chemistry, by Recycling Methods, by...

Europe Battery Recycling Market by Source, by Chemistry, by Recycling Methods, by End-User, and Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research

Battery Recycling Market Definition and Overview

Battery recycling is the technique of reusing and reprocessing batteries with the goal of minimizing the number of batteries disposed away as material waste. The discarded batteries and accumulators that a recycling plant receives begin the recycling process after being collected, sorted, or prepared for recycling. When output fractions are created, used for their intended purpose or for other reasons, without requiring further processing, and are no longer considered waste, the process is complete.

Europe Battery Recycling Market Outlook, Drivers, and Challenges

The battery recycling market in Europe is expected to witness strong growth of at least 9% CAGR over the next five years, primarily driven by the augmenting demand from industries. It has in turn posed pressure on raw material production at an advanced rate. It is directly affecting the ratio proportion of the ability to produce raw materials like lithium to meet the demand for the same. This has focused the attention on recycling processes to meet up with the rise of battery requirements in industries.

Furthermore, due to growing environmental problems such as contamination of the soil, water, air, and rise in global warming, European Union is pushing for the construction of battery recycling infrastructure. All such factors are likely to enhance the battery recycling market’s trajectory for growth.

Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NzExODE=

However, due to the market’s uncertainty and immaturity, there are several barriers. For example, most of the electric vehicles in the market have yet not reached the end-of-life stage which raises numerous questions related to battery lifespans, collection, condition, and compatibility to recycling procedures.

Europe Battery Recycling Market Value Chain Analysis

The first stage in the value chain is the handover of used batteries by different industries (automotive, electronics appliances, etc.), households, and others to waste batteries collectors / aggregators.

These aggregator companies perform the primary tasks like transporting used batteries to the Inspection & Treatment Service companies. These service companies provide testing for re-usability, treatment of waste batteries and/or accumulators, inter alia, dismantling, separation of fractions that are not part of the battery or accumulator itself, and storage facilities.

Recycling companies are segregated into two types. One, that along with primary procedures (logistics, re-usability test, etc.) conducts the recycling process and other that only conducts the recycling procedure in its facility. A recycling facility may have several process lines, usually for different battery types like zinc air batteries, lithium-ion batteries, nickel-cadmium, nickel metal hydride batteries, lithium batteries, and mercury batteries.

Methods of conducting each process in recycling also differ in terms of technology adoption. For example, sorting can be done mechanically, automatically, and/or manually. The recycling process involves the separation of fractions belonging to the battery and production of metals, compounds of metal, plastics, and other recovery products. These extractions are recovered for re-use either by the recycling manufacturer or is sold to different end users like automotive industry, transportation industry, battery manufacturers, etc. For example, plastic casing is formed into pellets for reuse in new batteries, products made from recycled lead like logistics and warehousing batteries, transportation and recreational vehicle batteries, etc.

europe-battery-recycling-industry-analysis 

Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NzExODE=

Europe Battery Recycling Market Segmentation

The Europe Battery Recycling market based on Source of used batteries can be split into categories such as Automotive Batteries, Industrial Batteries, and Consumer Electronic Appliance Batteries. Based on the Chemistry, the market is categorized as Lithium-Ion, Lead-Acid, and Nickel. Hydrometallurgy, Mechanical Processes, Pyrometallurgy, and Direct Recycling fall under the Recycling Methods segment. From the demand side, the market can be segmented based on end-user industries such as Transportation, Consumer Electronics, and Industrial. Geographically, the major country markets in Europe are Germany, UK, Italy, France, and Spain.

Europe Battery Recycling Market Competitive Landscape of Major Competitors

Some key competitors in the Europe Battery Recycling market are Accurec Recycling GmbH, G&P Batteries, Umicore, Glencore Plc., Saft SA, and Johnson Controls.

Impact of Covid-19 on Europe Battery Recycling Market

According to the International Council on Clean Transportation, the European electric vehicle (EV) market experienced remarkable growth in 2020, posting a 143% increase in sales of passenger electric cars from 2019. The sales in 2020 made Europe the biggest EV market globally, surpassing China and the US. Although sales of all new cars in Europe decreased by 20%, the increase in EV sales boosted the EV share to 11%. Both battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) have jumped into the air, not only in terms of market share but also in overall terms. In Germany, sales of PHEV vehicles from January to June increased from 47,584 in 2019 to 93,848 in 2020. Similar trends were observed across other countries in Europe.

The consumption of primary resources like lead and lithium has been on the rise as of the year 2022 in terms of application in various industries like transport (electric vehicles, buses, etc.), and is predicted to continue growing in the years to come. This makes recycling necessary in order to preserve natural resources and lessen environmental impact.

Key Segments Covered in Europe Battery Recycling Market:-

Europe Battery Recycling Market By Source

Automotive Batteries

Industrial Batteries

Consumer Electronic Appliance Batteries

Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NzExODE=

Europe Battery Recycling Market By Chemistry

Lithium-Ion

Lead-Acid

Nickel

Europe Battery Recycling Market By Recycling Methods

Hydrometallurgy

Mechanical Processes

Pyrometallurgy

Direct Recycling

Europe Battery Recycling Market By End User:-

Transportation

Consumer Electronics

Industrial

Europe Battery Recycling Market By Geography and Major Countries:-

Germany

UK

France

Italy

Spain

Key Competitors in Europe Battery Recycling Market

Accurec Recycling GmbH

G&P Batteries

Umicore

Glencore Plc.

Saft SA

Johnson Controls

Redux

Hydrovolt

Stena Recylcing

Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NzExODE=

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Key Target Audience:-

Battery Recycling Companies

Recycled Battery Providers

Recycled Battery Manufacturers

Recycled Battery Suppliers

Car Manufacturers

Electric Vehicle Manufacturers

Battery Cell Manufacturers

Battery Raw Material Producers

Battery Waste Managers and Recyclers

Waste Batteries Collectors

Waste Batteries Aggregators

Waste Batteries Treatment Service Companies

Waste Batteries Transport Companies

Waste Batteries Logistics Companies

Waste Batteries Supply Chain Solution Providers

Battery Allied Industries

Renewable Energy Companies

Electric Vehicle Battery Suppliers

Electric Vehicle Battery Manufacturers

Automotive Industry Associations

Environment Control and Emission Regulatory Organizations

Potential Investors in Electric Vehicle Companies

For any queries or feedback, reach out to the author at Support@kenresearch.com

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Europe Floating Power Plant Market Size and Growth, Market Outlook and Forecast by Revenue 2027: Ken Research

Buy Now Floating Power Plant Market Definition and Overview A Floating Power Plant (FPP) is a power generation unit that is located on a platform, floating...

Combined Heat and Power Market Growth is Driven by Presence of Prominent Companies: Ken Research

Buy Now The procedure of generating heat and electricity together is named combined heat and power generation. The procedure is carried out by burning countless...

Asia-Pacific Lithium-Ion Battery Recycling Market Outlook, Revenue, Major Players: Ken Research

Buy Now Lithium-ion (li-ion) batteries are rechargeable batteries that utilize lithium as the main component in electrochemistry. These are used in many products such as...

Most Popular

North America Probiotics Food and Cosmetics Market Outlook to 2017-2027: Ken Research

Buy Now Probiotics Food and Cosmetics Market Definition and Overview Probiotics are live microorganisms that are known for inhibiting several health benefits when taken in adequate...

Qatar Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market, Revenue, Sales, Industry Forecast: Ken Research

Buy Now How Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market is Positioned in Qatar? The Diagnostic Medical Device Market in Qatar has seen...

Asia Pacific Virtual Reality Market Future Outlook to 2027: Ken Research

Buy Now Virtual Reality Market Definition and Overview As a technological paradigm, Virtual Reality equips its users with a computer-generated three-dimensional (3D) environment. The user can...

Global 5G in Healthcare Market Growth is driven by Adoption of Advanced Technologies: Ken Research

Buy Now 5G, the fifth generation of cellular wireless technology, has the potential to deliver the massive connection power and fast speeds that can assist...