Battery Energy Storage System Market To Charge Future Growth With A Notable 12% Cagr During 2018-2026

1. Battery Recycling Market Would Expand At A Boisterous CAGR Of 11% Over the Period between 2018 And 2026 The demand within the global battery recycling market is slated to grow at a sturdy pace in the years to follow. There is humongous need for managing wastes disposed out of industrial and manufacturing units. Several types of batteries undergo recycling procedures, in order to convert into useful materials for further processing. A wide range of batteries are used across the industrial sector, and many of these batteries become defunct after a point of time. These batteries could contribute to environmental waste, and there is a stellar need to recycle them. The global battery recycling market is set to fetch voluminous revenues in the years to follow. Transparency Market Research (TMR), in its report, predicts that the global battery recycling market would expand at a boisterous CAGR of 11% over the period between 2018 and 2026. Furthermore, the total volume of revenues in the global battery recycling market is set to touch US$ 25 Bn by 2026. Growing use of lithium ion batteries in the solar industry has played an integral role in driving sales across the market. Demand for zinc, nickel, cadmium, and other metals has compelled manufacturers to recycle used batteries. Need for Managing Municipal Waste to Drive Demand A large number of batteries are disposed as municipal waste, and this could contribute to increasing environmental degradation. Furthermore, batteries disposed as municipal waste go unaccounted for in the waste calculation index. A lot of these batteries are not properly disposed, and remain suspended in ditches and other areas. Therefore, it is important to recycle these batteries, and put them to use for other applications. In the contemporary scenario, the demand for batteries flow in from a multitude of industries. Therefore, the global battery recycling market endows lucrative opportunities for growth.

2. Need for Various Metals in the Industrial Sector Alleviation of soil and water pollution is an important consideration for state planners. Disposal of industrial batteries leads to discharge of harmful chemicals in the soil and water bodies. Therefore, it is important to develop sound methods for battery disposal in order to prevent water and soil pollution. Furthermore, battery recycling fetches several important chemicals that can be used in various industrial applications. Owing to the factors mentioned above, it is safe to expect that the global battery recycling market would grow by a dramatic chase. Lithium ion batteries are amongst the most sought- after technology in the energy sector. The ability to recycle these batteries has also given a thrust to market growth. Silver oxide batteries are also duly recycled across a multitude of industries. Request PDF Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id =9061 Some of the prominent players operating in the global battery recycling market are Exide Technologies, East Penn Manufacturing Company, Retriev Technologies, Inc., EnerSys, and G & P Batteries. The global battery recycling market can be segmented on the basis of: Battery Chemistry Lithium-ion Lead-acid Nickel-cadmium Others Spent Battery Source Automotive Electronic Appliances Others End-use Extraction of Material Repackaging, Reuse, & Second Life Disposal Region

3. North America oU.S. oCanada Europe oGermany oU.K. oFrance oSpain oItaly oRussia & CIS oRest of Europe Asia Pacific oChina oIndia oJapan oASEAN oRest of Asia Pacific Latin America oBrazil oMexico oRest of Latin America Middle East & Africa (MEA) oGCC oSouth Africa oRest of Middle East & Africa About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. Contact Us

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