Battery Recycling Market Reach at a CAGR of 10.4% from 2017 to 2025 by sonali_86 · June 4 Khari Willis Jersey , 2019
overnment regulations is expected to have a positive impact on the market growth over the next eight years.
Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life Bobby Okereke Jersey , and low maintenance is expected to positively impact the demand for recycled products.
The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.
Companies are making efforts to improve the competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down cost & combat environmental pollution. ECOBAT has developed its own collection system to collect spent batteries.
Access Research Report of Battery Recycling Market聽@聽 Further key findings from the report suggest:
The lithium-ion segment is expected to register a CAGR of 11.3% from 2017 to 2025, due to the growing demand from the electric vehicle industry Lead acid segment dominated the market in 2016 and is likely to grow at a predicted CAGR of 10.5% from 2017 to 2025 owing to its high recycling ability Parris Campbell Jersey , cost efficiency, and high capacity The transportation segment emerged as the com/]Cheap Nike Air Max 90[/url] Cheap Air Max 90 InfraredCheap Air Max Hot PunchAir Jordan 1 For SaleAir Max 1 ClearanceCheap NFL Jerseys China