North American Battery Recycling Market Size, Share & Trends Analysis Report by Process (Physical Process and Chemical Process) By Components (Plastic, Electrode, and Electrolyte) By Type (Lead Acid Battery, Silver Oxide Battery, Lithium-Ion Battery, Zinc Battery and others) By End-User (Automotive, Industrial, Healthcare and Consumer) Forecast period (2019-2025).
The North American Battery Recycling market is anticipated to grow at a CAGR 5.1% during the forecast period. The growth is attributed to the imposition of stringent environmental norms set by several government institutions in emerging economies such as Canada and the US. The rechargeable battery industry has formed the Rechargeable Battery Recycling Corporation (RBBC) which operates a battery recycling program called Call2Recycle throughout the US and Canada. This program aims to provide businesses with shipping containers for rechargeable batteries of all types. Consumers can drop off their batteries for recycling at numerous collection centers. It claims that no component of any recycled battery reaches a landfill.
The key recycles players such as Call2recycle are developing strategic partnerships with like-minded organizations to promote consumer awareness. Partners in Canada such as Earth Day Canada, Earth Rangers and BC Green Games are contributing significantly to increased battery collections resulting in 26% of Call2recycle total growth. Dedicated efforts from consumers, businesses, municipalities, battery and product manufacturers also contributed to this growth. According to Call2recycle, Quebec is said to lead the charge on recycling, collecting more than 1.3 million pounds. The success was partly due to Vermont becoming the first state in the US requiring producers to finance a collection and recycling program for single-use batteries.
The key market players that is active in the North American battery recycling market that include Aqua Metals, Inc., Battery Solutions, Inc., Call2Recycle, Inc., COM2 Recycling Solutions, East Penn Manufacturing Co., Inc., Exide Technologies, Gopher Resource, Johnson Controls, Kinbursky Brothers Inc., Retriev Technologies Inc., Terrapure Environmental and The Doe Run Co. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Research Methodology:
The market study of the North American Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. North American Battery Recycling Market Research and Analysis by Process
2. North American Battery Recycling Market Research and Analysis by Components
3. North American Battery Recycling Market Research and Analysis by Type
4. North American Battery Recycling Market Research and Analysis by End-User
The Report Covers:
The North American Battery Recycling market is anticipated to grow at a CAGR 5.1% during the forecast period. The growth is attributed to the imposition of stringent environmental norms set by several government institutions in emerging economies such as Canada and the US. The rechargeable battery industry has formed the Rechargeable Battery Recycling Corporation (RBBC) which operates a battery recycling program called Call2Recycle throughout the US and Canada. This program aims to provide businesses with shipping containers for rechargeable batteries of all types. Consumers can drop off their batteries for recycling at numerous collection centers. It claims that no component of any recycled battery reaches a landfill.
The key recycles players such as Call2recycle are developing strategic partnerships with like-minded organizations to promote consumer awareness. Partners in Canada such as Earth Day Canada, Earth Rangers and BC Green Games are contributing significantly to increased battery collections resulting in 26% of Call2recycle total growth. Dedicated efforts from consumers, businesses, municipalities, battery and product manufacturers also contributed to this growth. According to Call2recycle, Quebec is said to lead the charge on recycling, collecting more than 1.3 million pounds. The success was partly due to Vermont becoming the first state in the US requiring producers to finance a collection and recycling program for single-use batteries.
The key market players that is active in the North American battery recycling market that include Aqua Metals, Inc., Battery Solutions, Inc., Call2Recycle, Inc., COM2 Recycling Solutions, East Penn Manufacturing Co., Inc., Exide Technologies, Gopher Resource, Johnson Controls, Kinbursky Brothers Inc., Retriev Technologies Inc., Terrapure Environmental and The Doe Run Co. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
Research Methodology:
The market study of the North American Battery Recycling market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. North American Battery Recycling Market Research and Analysis by Process
2. North American Battery Recycling Market Research and Analysis by Components
3. North American Battery Recycling Market Research and Analysis by Type
4. North American Battery Recycling Market Research and Analysis by End-User
The Report Covers:
- Comprehensive Research Methodology of the North American Battery Recycling market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American Battery Recycling market.
- Insights about market determinants which are stimulating the North American Battery Recycling market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aqua Metals, Inc.
- Battery Solutions, Inc.
- Call2Recycle, Inc.
- COM2 Recycling Solutions
- East Penn Manufacturing Co., Inc.
- Exide Technologies
- Gopher Resource
- Johnson Controls
- Kinbursky Brothers Inc.
- Retriev Technologies Inc.
- Terrapure Environmental
- The Doe Run Co.
