Transportation Battery Recycling Market to Generate $9.95 Billion by 2030: Allied Market Research

The growing popularity of portable electronics and grid-scale energy storage are the major factors driving the revenue growth of the global transportation battery recycling market. Based on region, Europe held the largest share in 2021, contributing more than a third of the total market share. Due to the rapid spread of COVID-19, the establishment of new transport battery recycling projects has been hampered due to the global economic downturn.

Portland, OR, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the transportation battery recycling market raised $4.75 billion in 2021 and is expected to generate $9.95 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030. The report provides an in-depth analysis of the changing dynamics of the market, major segments, value chain, competitive scenario and regional landscape. . This research offers valuable guidance for key players, investors, shareholders, and startups to design sustainable growth strategies and gain competitive advantage in the market.

Report coverage and details:

Covid-19 scenario:

• The auto industry, among others, has been hit hard by the COVID-19 pandemic, which has led to a dramatic drop in auto sales. Due to the extensive use of automotive batteries in the automotive industry, the demand for recycling transportation batteries has decreased significantly.

• China is the leading producer and exporter of automotive batteries. However, as China is the coronavirus hotspot, its export trade has been affected, leading to a decline in battery production.

• The economic downturn has affected the establishment of new transport battery recycling projects around the world, as the majority of public funds have been diverted to the healthcare sector due to the rapid spread of COVID-19. This has had a negative impact on the market to a large extent.

• For example, in June 2021, Accuracy completed the reconstruction of the Krefeld plant, which now has double backup storage capacity for lithium batteries and double construction capacity. This development underscores the company’s growth in the lithium-ion battery recycling market as it contributes to increased production.

Get a detailed COVID-19 impact analysis on the Transportation Battery Recycling Market: https://www.alliedmarketresearch.com/request-for-customization/17821?reqfor=covid

The research provides detailed segmentation of the global transportation battery recycling market based on chemistry, sources, and region. The report discusses the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize based on the most revenue-generating and fastest-growing segments mentioned in the report.

Based on chemistry, the lead-acid battery segment held the highest share in 2021, accounting for nearly two-thirds of the global transportation battery recycling market, and is expected to maintain its leading status over the period. forecast. However, the lithium-ion battery segment is expected to register the highest CAGR of 8.5% from 2022 to 2030.

Based on the sources, the industrial battery segment accounted for the highest share in 2021, holding more than half of the global transportation battery recycling market, and is expected to maintain its leading status during the forecast period. However, the automotive battery segment is expected to grow at the highest CAGR of 8.5% during the forecast period.

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Based on region, Europe held the largest share in 2021, contributing more than one-third of the total market share, and is expected to maintain its dominant revenue share in 2030. Additionally, the region Asia Pacific Should Protest fastest CAGR 8.5% over the forecast period. The research also analyzes regions such as North America and LAMEA.

Major players of the global transportation battery recycling market analyzed in the research include Call2Recycle, Inc., Battery Solutions, LLC, Exide Technologies, Umicore, Contemporary Amperex Technology Co., Limited, ENERSYS, GEM Co., Ltd., Johnson Controls, Fortum and Aqua Metals, Inc.

If you have any questions, do not hesitate to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/17821

The report provides a detailed analysis of these key market players. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable for highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to present the competitive scenario.

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