North America Battery Recycling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Lead Acid Battery, Lithium-Based Battery, Nickel-Based Battery, and Others) and Battery Source (Automotive, Industrial, Household, Consumer Electronics, and Forklift)
Market Introduction
The North America battery recycling market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Policymakers have framed several regulations regarding the effective utilization and disposal of waste battery materials, which are significantly contributing to the expansion of the battery recycling market. Such policies play a vital role in consumer product safety, safe handling, storage and treatment, reuse, recycling, and disposal of batteries used across various application bases. For instance, as per the Environmental Protection Agency (EPA), lithium-ion batteries deployed in products such as electronics and electrical appliances, consumer goods, electric vehicles, and electrical energy storage systems, should be handled and disposed of carefully. Single-use, non-rechargeable lithium metal batteries; and re-chargeable lithium-polymer cells (Li-ion, Li-ion cells) are categorized as two types of lithium batteries that are used by consumers base and require effective waste management to avoid environmental degradation. The collection and recycling rates, coupled with the profitability of recycling and the impact upon the environment and health, are heavily reliant upon the battery technology or type. The increased government spending on advanced recycling facilities, along with the entry of multiple e-waste management startups and positive initiatives to incentivize structures for participants involved in battery recycling, is expected to bolster the market growth.
In North America, the US has the highest number of confirmed COVID-19 cases, compared with Mexico and Canada. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for battery recycling in the region. The market for battery recycling has been impacted in the region due to distortion in supply of used batteries with limited operational efficiencies. However, with the state of economic recovery, several industrial sectors are strategically focused on investing in environment sustainability. This is expected to provide impetus to the battery recycling market growth during the forecast period.
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Market Overview and Dynamics
The battery recycling market in North America is expected to grow from US$ 3,027.61 million in 2021 to US$ 6,653.22 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2021 to 2028. The presence of various domestic and international battery recycling companies in the region is driving the battery recycling market in North America. Retriev Technologies, one of the North America leaders in the lithium-ion battery recycling market, is building partnerships with the local companies in North America to further strengthen and value the li-ion battery recycling market. Li-Cycle, which is a Canadian battery recycling firm, has planned to open a US$175 million recycling facility in Rochester, New York. The facility promises to deliver recycled battery materials, including lithium-ion, at a market scale. Such initiatives, investments, and strategic partnerships by the leading companies are propelling the growth of the battery recycling market. In relation to this, increased investment in the forklift truck industry in North America will lead to an increased usage of forklift trucks, which will lead to increased recycling of lithium-ion as well lead-acid batteries that are being used in the North American market.
Key Market Segments
Based on type, the lead acid battery segment accounted for the largest share of the North America battery recycling market in 2020. Based on battery source, the consumer electronics segment accounted for the largest share of the North America battery recycling market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America battery recycling market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Aqua Metals, Inc.; Clarios; COM2 Recycling Solutions; Contemporary Amperex Technology Co. Limited; East Penn Manufacturing Company; Exide Industries Limited; G P Batteries International Limited; Gopher Resource; Retriev Technologies and Terrapure Environmental.
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- To understand the North America battery recycling market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America battery recycling market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Battery Recycling Market Segmentation
North America Battery Recycling Market -By Type
- Lead Acid Battery
- Lithium-Based Battery
- Nickel-Based Battery
- Others
North America Battery Recycling Market -By Battery Source
- Automotive
- Industrial
- Household
- Consumer Electronics
- Forklift
North America Battery Recycling Market – By Country
- US
- Canada
- Mexico
North America Battery Recycling Market – Company Profiles
- Clarios
- East Penn Manufacturing Company
- Exide Industries Limited
- Contemporary Amperex Technology Co. Limited
- COM2 Recycling Solutions
- Gopher Resource
- Terrapure Environmental
- GP Batteries International Limited
- Retriev Technologies
- Aqua Metals, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Battery Recycling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Battery Recycling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Recycled Products and Recovery of Valuable Metals
5.1.2 Increasing Government Regulations for Battery Disposal and Recycling
5.2 Market Restraints
5.2.1 Technical and Economic Challenges Associated with Battery Recycling
5.3 Market Opportunities
5.3.1 Rising Popularity of Electric Vehicles (EVs)
5.4 Future Trends
5.4.1 Growing Focus on Lithium-Ion Battery Recycling
5.5 Impact Analysis of Drivers and Restraints
6. Battery Recycling – North America Market Analysis
6.1 Battery Recycling Market Overview
6.2 Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Battery Recycling Market Analysis – By Type
7.1 Overview
7.2 North America Battery Recycling Market Breakdown, by Type, 2020 & 2028
7.3 Lead Acid Battery
7.3.1 Overview
7.3.2 Lead Acid Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Lithium-Based Battery
7.4.1 Overview
7.4.2 Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Nickel-Based Battery
7.5.1 Overview
7.5.2 Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Battery Recycling Market Analysis – By Battery Source
8.1 Overview
8.2 North America Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Household
8.5.1 Overview
8.5.2 Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Consumer Electronics
8.6.1 Overview
8.6.2 Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Forklift
8.7.1 Overview
8.7.2 Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Battery Recycling Market – Country Analysis
9.1 North America: Battery Recycling Market
9.1.1 North America: Battery Recycling Market, by Key Country
9.1.1.1 US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Battery Recycling Market, by Type
9.1.1.1.2 US: Battery Recycling Market, by Battery Source
9.1.1.2 Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Battery Recycling Market, by Type
9.1.1.2.2 Canada: Battery Recycling Market, by Battery Source
9.1.1.3 Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Battery Recycling Market, by Type
9.1.1.3.2 Mexico: Battery Recycling Market, by Battery Source
10. Overview – Impact of COVID-19 on North America Battery Recycling Market
10.1 Impact of COVID-19 on Battery Recycling Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Business Planning and Strategy
11.4 Partnership and Joint Venture
12. Company Profiles
12.1 Clarios
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 East Penn Manufacturing Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Exide Industries Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Contemporary Amperex Technology Co. Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 COM2 Recycling Solutions
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Gopher Resource
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Terrapure Environmental
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 GP Batteries International Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Retriev Technologies
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Aqua Metals, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of TermsLIST OF TABLES
Table 1. North America: Battery Recycling Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. US Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Battery Recycling Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Battery Recycling Market, by Battery Source – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Term: Battery Recycling MarketLIST OF FIGURES
Figure 1. Battery Recycling Market Segmentation
Figure 2. Battery Recycling Market Segmentation – By Country
Figure 3. North America Battery Recycling Market Overview
Figure 4. Lead Acid Battery Segment is Dominating the North America Battery Recycling Market
Figure 5. US Held Largest Share of North America Battery Recycling Market
Figure 6. North America Battery Recycling Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Battery Recycling Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Battery recycling Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Battery Recycling Market Breakdown, by Type, 2020 & 2028
Figure 13. Lead Acid Battery: Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Lithium-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nickel-Based Battery: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Battery Recycling Market Breakdown, by Battery Source, 2020 & 2028
Figure 18. Automotive: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Household: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Consumer Electronics: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Forklift: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Battery Recycling Market, by Key Country – Revenue (2020) (USD Million)
Figure 24. North America: Battery Recycling Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. US: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Battery Recycling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in North America- Clarios
- East Penn Manufacturing Company
- Exide Industries Limited
- Contemporary Amperex Technology Co. Limited
- COM2 Recycling Solutions
- Gopher Resource
- Terrapure Environmental
- GP Batteries International Limited
- Retriev Technologies
- Aqua Metals, Inc.
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