Global Battery Recycling Market Size, Share & Trends Analysis Report

The global battery recycling market is projected to reach a value of USD 17.08 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 37.6% over the forecast period, according to a recent report by Grand View Research, Inc. This strong growth trajectory is largely driven by technological innovations that have significantly improved the efficiency and cost-effectiveness of battery recycling processes.

The surging use of batteries in consumer electronics, particularly in smartphones and electric vehicles (EVs), has resulted in a substantial increase in the volume of end-of-life batteries. This growing pool of spent batteries presents vast opportunities for battery recycling companies, enabling them to reclaim valuable materials and reduce the environmental impact of battery disposal.

One of the fastest-growing segments within the market is the industrial segment, which is expected to experience substantial growth in the coming years. This can be attributed to the rising demand for high-power systems, including Uninterruptible Power Supply (UPS) systems, which have become essential in ensuring power continuity in critical applications.

With the rapid proliferation of data centers by enterprises to meet increasing data and network infrastructure needs, any disruption in power supply can lead to significant data loss and productivity setbacks, potentially resulting in considerable financial damage. The integration of UPS systems serves as a crucial preventive measure. As the adoption of UPS systems rises, so too will the demand for batteries—and consequently, for battery recycling—especially as these systems reach the end of their lifecycle.

The Asia Pacific region has emerged as a leading force in the global battery recycling market, fueled by the increasing number of manufacturing units, commercial buildings, financial institutions, MROs (maintenance, repair, and overhaul centers), and R&D hubs across major economies like China, India, Japan, South Korea, and Australia. Moreover, favorable government policies, combined with a surge in foreign direct investments (FDI), are encouraging the establishment of new recycling facilities and the expansion of existing ones, further accelerating regional market growth.

📌 Battery Recycling Market Report Highlights

  • Lead Acid Batteries Dominate:
    In 2023, the lead acid battery segment emerged as the dominant category, accounting for a substantial 0% of total market revenue. This is due to their widespread use in automotive, industrial, and hospitality sectors, where they remain the preferred choice for power backup and energy storage applications.
  • Transportation Sector Leads by Application:
    Also in 2023, the transportation segment held the largest revenue share, contributing to 0% of the market. The increasing demand for batteries in vehicles is generating a significant volume of used batteries, thereby intensifying the need for efficient recycling solutions within this sector.
  • North America Market Overview:
    North America captured a significant revenue share in 2023, with the United States serving as the principal growth driver. The growing adoption of lithium-ion batteries in smartphones, primarily to enhance battery life and efficiency, is expected to stimulate market growth in the region over the coming years.
  • Asia Pacific Market Leadership:
    The Asia Pacific region held the largest share of global market revenue in 2023, with China standing out as the top contributor. The increasing use of batteries for renewable energy storage, especially lead acid and lithium-ion batteries, coupled with the rising volume of spent batteries, is anticipated to further boost market expansion throughout the forecast period.

 

Battery Recycling Market Segmentation

 

Grand View Research has segmented the global battery recycling market based on chemistry, application, and region:


Battery Recycling Chemistry Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)


  • Lithium-ion
  • Lead Acid
  • Nickel
  • Others


Battery Recycling Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)


  • Transportation
  • Consumer Electronics
  • Industrial


Battery Recycling Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)


  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • India
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
    • Australia
  • Central & South America
    • Brazil
    • Argentina
    • Chile
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

 

Key Players of the Battery Recycling Market

 

  • Call2Recycle
  • Exide Technologies
  • Gravita India Ltd.
  • Glencore
  • Cirba Solutions
  • American Battery Technology Company
  • Gopher Resource
  • East Penn Manufacturing Co.
  • Aqua Metals

 

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 

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