Global – The global battery recycling market is anticipated to expand at a compound annual growth rate of 10.90% by 2024, so says a new report by ResearchMoz.
The high level of competition among established battery manufacturers for recycling is said to be indicative of the rising adoption and provision of battery recycling.
Although battery recycling still counts as something of a niche market, it has attracted interest from many different players across the world, resulting in various research projects and technology investments.
‘In recent times the world has seen exponential growth in portable devices,’ ResearchMoz notes. Its new study presents market data according to battery chemistry, end-use and spent battery source – with data providing a detailed picture of what’s going on at both regional and country level of 25 different countries in the period 2016 to 2024.