According to the TechSci Research report titled "Global Commercial Battery Recycling Market - By Country, Competition, Forecast & Opportunities, 2028," the market is projected to exhibit robust growth with a CAGR of 5.16% through 2028. The increasing demand for batteries driven by electronic devices, automotive, and commercial sectors has raised concerns about their environmental impact. Harmful chemicals in batteries, such as lead, mercury, and cadmium, necessitate proper recycling, leading governments worldwide to impose regulations promoting commercial battery recycling services.

Innovations in recycling technologies aim to enhance efficiency and sustainability, with commercial battery manufacturers emphasizing sustainable practices, including recycled materials and reduced use of harmful chemicals. The demand for recycled batteries is rising due to growing environmental concerns, positioning them as a more sustainable option than virgin batteries.

Techsci Research Data: https://www.techsciresearch.com/report/commercial-battery-recycling-market/16324.html 

Despite the high cost of commercial battery recycling compared to other streams, limited awareness, insufficient collection infrastructure, and low collection rates persist as challenges. The COVID-19 pandemic resulted in a temporary decline in the market, impacting demand from various industries. However, recovery is expected in the second quarter of 2021 with global vaccination efforts underway.

Key market players in the Global Commercial Battery Recycling Market include:

  • Umicore

  • Retriev Technologies

  • American Commercial Battery Technology Company (ABTC)

  • Li-Cycle

  • Aqua Metals

  • Commercial Battery Solutions

  • Recupyl

  • Gopher Resource

  • Glencore Recycling

  • Retech Recycling Technology AB

Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=16324 

Customers can also request 10% free customization on this report.

Commercial battery recycling involves recovering materials from used batteries, addressing environmental concerns related to mining raw materials, battery production, and disposal. Government regulations on commercial battery recycling vary globally, but most countries mandate collection and recycling of used batteries. The market is poised for growth due to increasing battery demand, environmental concerns, and government regulations.

In 2020, the transportation segment dominated the commercial battery recycling market, driven by the adoption of electric and hybrid vehicles and efforts to promote electrification in the automotive industry. 

The report, "Commercial Battery Recycling Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Chemistry (Lead, Nickel, Cobalt, Lithium, and other Metals), By Battery Type (Lead-Acid Batteries, Nickel-Cadmium Batteries, Nickel Metal Hydride Batteries, and Lithium-Ion Batteries), By Region, Competition 2018-2028," evaluates the market's future growth potential, providing statistics and information on market structure, size, share, and future growth. The report aims to offer cutting-edge market intelligence for sound investment decisions, identifying emerging trends, drivers, challenges, and opportunities in the global commercial battery recycling market.

Request a Free PDF Sample Report Now

About Techsci Research

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research's core values are value, integrity, and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high-value market research and advisory services that help them identify new market opportunities, growth engines, and innovative ways to capture the market share. As a result, TechSci's client leads rather than follow market trends.

Contact Us

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States - 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com