What is Battery and Other E Waste Recycling Market?
E-waste is a term for electronic products that have become unwanted, non-working, or obsolete, and have essentially reached the end of their useful life batteries and electronic waste is the fastest growing municipal waste stream worldwide. Electronic waste or e-waste involves all kinds of damaged electronics intended for disposal, recycling, reuse, resale, or salvage. In many countries, e-waste is growing rapidly as the technological revolution expands. battery and other e-waste recycling players collect the wastes from different organizations, the separation of functional components and reuse the materials used, the extraction and rehabilitation valuable materials, metals, and plastics
Highlights from Battery and Other E Waste Recycling Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | MBA Polymers, Inc (United States), Tesla (England), Global Electric Electronic Processing Inc (Canada), Aurubis AG (Germany), Sims Metal Management Ltd (United States), ACA Industry (Denmark), Accurec Recycling Gmbh (Germany), Emak Refining And Recycling (Turkey), Umicore Group (Belgium) and Waste Management Inc (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
MBA Polymers, Inc (United States), Tesla (England), Global Electric Electronic Processing Inc (Canada), Aurubis AG (Germany), Sims Metal Management Ltd (United States), ACA Industry (Denmark), Accurec Recycling Gmbh (Germany), Emak Refining And Recycling (Turkey), Umicore Group (Belgium) and Waste Management Inc (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Elms Industrial Pte. Ltd. (Singapore), I-Cycle Technology (India), Lifespan Recycling Co. Inc. (United States), Macpresse Europa S.R.L. and Mitsubishi Corp. (Janan). Battery and Other E Waste Recycling Market Segmentation:
Scope | Sub-Segments |
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Type | Metals, Aluminum, Copper, Silver and Others |
Battery Type | Lead acid,Lithium-ion,Nickel-cadmium,Others |
E-Waste Sources | Household Appliances,IT and Telecommunication,Consumer Electronics,Others |
On the basis of geography, the market of Battery and Other E Waste Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development in the Recycling Processes and Increasing Awareness about the Recycling
Market Growth Drivers:
Growing usage of Electronics and Electrical Devices and Increasing Number of Initiatives by Various Organizations Coupled with Formation of Strict Regulatory Frameworks
Challenges:
Lack of Infrastructure in the Technology Process and High Initial Investment in E-waste Recycling Plant Setup
Restraints:
Decreasing Demand in Primary Supply Chain
Opportunities:
Increasing Recycling of Lithium-Ion Batteries owing to its Various Features and Applications and Tremendous Opportunity in the Emerging Countries which Leads to High Growth
Key Target Audience
Industry Vertical, Regulatory Bodies, Potential Investors, Research and Development Institute and Others
Market Leaders & Development Strategies
On 10th March 2022, Retriev Technologies a lithium battery recycler in North America and a pioneer in end-to-end battery management announced the acquisition of Battery Solutions. These two industry leaders together create the first battery management solution in North America. This acquisition enables the capabilities to collect, transport, sort, and process every type of battery at every touchpoint from the end of one life cycle to the beginning of another, this creates a substantial material resource for auto OEMs and battery manufacturers in the circular supply chain.
In the United States, the federal, state, and local governments have authority over LIB disposal and recycling. At the federal level, “As of July 2020, no U.S. federal policies directly address battery energy storage system decommissioning, or mandate or incentivize reuse/recovery of lithium-ion batteries.”