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Indian Battery Recycling Market 2019-2025

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  • February 2020
  • Region: India
  • Orion Market Research Private Limited
  • ID: 5116676
Indian 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 Indian Battery Recycling market is anticipated to grow at a CAGR 9.1% during the forecast period. A lead-acid battery is increasingly used in railways, transportation, automobiles and many other sectors and is further rising with solar and wind schemes launched by the government. More than 50% of global lead demand is met by secondary lead production. In a developing country include India leads are imported from other countries such as the US, Korea and Australia. Only a fraction of batteries are collected for recycling while proper regulation exists for used battery collection. Retailers collect the batteries by consumer authorized smelters and get the spent batteries through open auction by Metal and Scrap Trading Corporation (MSTC).

MSTC is providing limited auction of batteries due to low prices quoted by these smelters which are not profitable to MSTC. Thus, due to low battery collection, these smelters are working below their full capacity. Even industries prefer to buy lead from the unlicensed unit due to the low cost coming from unauthorized smelters as no pollution control equipment is used which leads to the problem of emission of lead dust, fumes and SO2. This pollutes the ecosystem severely and is also responsible for health disorders.

Indian Battery Recycling market consists of various players that are manufacturing the several types of Batteries to cater to a large range of customers across the globe. The major players that are active in the market includes BYD Auto Co., Ltd., Call2Recycle, Inc., CATL Co Ltd., COM2 Recycling Solutions, ENAX, Inc., Guangdong Brunp Recycling Technology Co., Ltd, Johnson Controls, SK Innovation Co, Jingmen GEM Co., Ltd., Tianjin Lishen Battery Joint-Stock Co., Ltd., and Umicore S.A. 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 Indian 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. Indian Battery Recycling Market Research and Analysis by Process
2. Indian Battery Recycling Market Research and Analysis by Components
3. Indian Battery Recycling Market Research and Analysis by Type

4. Indian Battery Recycling Market Research and Analysis by End-User

The Report Covers:
  • Comprehensive Research Methodology of the Indian 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 Indian Battery Recycling market.
  • Insights about market determinants which are stimulating the Indian 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:

  • BYD Auto Co., Ltd.
  • Call2Recycle, Inc.
  • CATL Co Ltd
  • COM2 Recycling Solutions
  • ENAX, Inc.
  • Guangdong Brunp recycling Technology Co., Ltd
  • Jingmen GEM Co., Ltd.
  • Johnson Controls
  • SK Innovation Co
  • Tianjin Lishen Battery Joint-Stock Co., Ltd.
  • Umicore S.A