United States Battery Recycling Market Growth, Size, Trends, Share, Revenue and Future Outlook
United States Battery Recycling Market Size- By Source, By Chemistry, By Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: POAE2465 | Pages: 1 - 108 | Formats*: |
| Category : Power & Energy | |||
United States Battery Recycling Market Introduction and Overview
According to SPER Market Research, the United States Battery Recycling Market is estimated to reach USD 72.28 billion by 2033 with a CAGR of 10.01%.
The report includes an in-depth analysis of the United States Battery Recycling Market, including market size and trends, product mix, applications, and supplier analysis. The practice of gathering and processing used batteries in order to salvage valuable materials and properly get rid of potentially dangerous components is known as battery recycling. In this procedure, batteries are sorted according to type, disassembled, and lead, nickel, cobalt, and lithium metals are extracted. By reusing the recovered materials to make new batteries or other products, the demand for raw materials can be decreased and the environmental impact can be minimized. By keeping dangerous materials like acids and heavy metals out of soil and water, proper recycling safeguards ecosystems and public health. As it encourages the reuse and recycling of limited resources, battery recycling is vital to the circular economy and sustainable resource management.
- November 2023; Redwood and Toyota worked together to develop end of life procedures for Toyota batteries used in battery electric and hybrid cars. Through recycling and reintroducing recovered metals back into the battery supply chain, this partnership seeks to maintain circularity.
- August 2023; American Battery Technology Company announced the acquisition of a vacant commercial industrial facility in the Tahoe Reno Industrial Center (TRIC) that is ready for occupancy. The recycling of lithium ion batteries will be the only focus of this plant.
Market Opportunities and Challenges
Opportunities- The demand for electric vehicles is being driven by a shift in consumer preferences toward more ecologically friendly and sustainable modes of transportation. Additionally, the use of electric vehicles is growing as a result of considerations including pollution control and energy efficiency, which are also increasing battery use. Other factors driving the expansion of electric vehicles include the development of sophisticated battery technology, enhancements in energy density, charging capabilities, and low maintenance requirements. As a result, it is projected that the increased popularity of electric vehicles would fuel further growth in the battery recycling market.
Challenges- The battery recycling business may face serious challenges due to high recycling costs and a lack of available technology. The process of recycling batteries involves a number of expensive and time-consuming procedures, including collecting, sorting, dismantling, and recovering valuable components like lithium, nickel, cobalt, and rare earth metals. The expense is further increased by the requirement to ensure the safe handling and disposal of hazardous materials found in batteries. It is crucial to create scalable and effective procedures that can manage many battery types, including those with unique chemistries. Additionally, recycling procedures need to advance in line with battery technology in order to efficiently recover valuable materials and reduce waste.
Market Competitive Landscape
The United States Battery Recycling Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are American Battery Technology Company, Aqua Metals, Call2Recycle, Cirba Solutions, East Penn Manufacturing Co., Exide Technologies, and Gopher Resource, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Source, By Chemistry, By Material |
| Regions covered | Northern, Southern, Western, Eastern |
| Companies Covered | American Battery Technology Company, Aqua Metals, Call2Recycle, Cirba Solutions, East Penn Manufacturing Co., Exide Technologies, and Gopher Resource, Others. |
COVID-19 Impact on United States Battery Recycling Market
The COVID-19 epidemic had a major effect on the US battery recycling sector by reducing manufacturing output, upsetting supply chains, and lowering consumer demand for cars and electronics. The amount of spent batteries that were accessible for recycling decreased as industries reduced their operations and economic activity slowed. Furthermore, logistical difficulties in material transportation and the temporary shutdown of recycling plants were caused by health and safety concerns. These factors collectively contributed to a slowdown in battery recycling activities, posing challenges to the industry's growth and sustainability efforts.
Key Target Audience:
- Automotive Manufacturers
- Electronic Manufacturers
- Battery Manufacturers
- Recycling Companies
- Environmental Organizations
- Retailers and Distributors
Our in-depth analysis of the United States Battery Recycling Market includes the following segments:
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| By Chemistry: |
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| By Material: |
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Key Topics Covered in the Report:
- United States Battery Recycling Market Size (FY’2024-FY’2033)
- Overview of United States Battery Recycling Market
- Segmentation of United States Battery Recycling Market by Source (Automotive Batteries, Industrial Batteries, Consumer and Electronic Appliance Batteries)
- Segmentation of United States Battery Recycling Market by Chemistry (Lead Acid, Lithium Based, Nickel Based)
- Segmentation of United States Battery Recycling Market by Material (Metals, Electrolyte, Plastics)
- Statistical Snap of United States Battery Recycling Market
- Expansion Analysis of United States Battery Recycling Market
- Problems and Obstacles in United States Battery Recycling Market
- Competitive Landscape in the United States Battery Recycling Market
- Impact of COVID-19 and Demonetization on United States Battery Recycling Market
- Details on Current Investment in United States Battery Recycling Market
- Competitive Analysis of United States Battery Recycling Market
- Prominent Players in the United States Battery Recycling Market
- SWOT Analysis of United States Battery Recycling Market
- United States Battery Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Battery Recycling Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Battery Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Battery Recycling Market
7. United States Battery Recycling Market, By Source (USD Million) 2020-2033
7.1. United States Battery Recycling Market Size, Share and Forecast, By Source, 2020-20267.2. United States Battery Recycling Market Size, Share and Forecast, By Source, 2027-20337.3. Automotive Batteries7.4. Industrial Batteries7.5. Consumer and Electronic Appliance Batteries
8. United States Battery Recycling Market, By Chemistry (USD Million) 2020-2033
8.1. United States Battery Recycling Market Size, Share and Forecast, By Chemistry, 2020-20268.2. United States Battery Recycling Market Size, Share and Forecast, By Chemistry, 2027-20338.3. Lead Acid8.4. Lithium Based8.5. Nickel Based
9. United States Battery Recycling Market, By Material (USD Million) 2020-2033
9.1. United States Battery Recycling Market Size, Share and Forecast, By Material, 2020-20269.2. United States Battery Recycling Market Size, Share and Forecast, By Material, 2027-20339.3. Metals9.4. Electrolyte9.5. Plastics
10. United States Battery Recycling Market Forecast, 2020-2033 (USD Million)
10.1. United States Battery Recycling Market Size and Market Share
11. United States Battery Recycling Market, By Region, 2020-2033 (USD Million)
11.1. United States Battery Recycling Market Size and Market Share By Region (2020-2026)11.2. United States Battery Recycling Market Size and Market Share By Region (2027-2033)11.3. Eastern11.4. Western11.5. Northern11.6. Southern
12. Company Profile
12.1. AMERICAN BATTERY TECHNOLOGY COMPANY12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. AQUA METALS12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. CALL2RECYCLE12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. CIRBA SOLUTIONS12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. EAST PENN MANUFACTURING CO.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. EXIDE TECHNOLOGIES12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. GOPHER RESOURCE12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Battery Recycling Market is projected to reach USD 72.28 billion by 2033, growing at a CAGR of 10.01% during the forecast period.
United States Battery Recycling Market grew in Market size from 2024. The Market is expected to reach USD 72.28 billion by 2033, at a CAGR of 10.01% during the forecast period.
United States Battery Recycling Market CAGR of 10.01% during the forecast period.
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United States Battery Recycling Market size is USD 72.28 billion from 2024 to 2033.
United States Battery Recycling Market is covered By Source, By Chemistry, By Material
The North America is anticipated to have the highest Market share in the United States Battery Recycling Market.
The key players in the Market include Companies Covered American Battery Technology Company, Aqua Metals, Call2Recycle, Cirba Solutions, East Penn Manufacturing Co., Exide Technologies, and Gopher Resource, Others.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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