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Recently, Research And Markets, an international market research institution, released a battery recycling report that the global battery recycling market will grow by $4.
4 billion from 2019 to 2025, with a compound annual growth rate of 5.
9%
during the period.
In terms of battery type, the compound growth rate of lead-acid batteries will exceed 6.
1%
during the forecast period.
The lead-acid battery recycling market is expected to exceed $8.
2 billion by 2025, bringing an important driver
for the growth of the global battery recycling market.
From the perspective of the regional market, although battery recycling will sweep the entire market, the regional market, the United States will maintain a growth momentum
of 5% during the forecast period.
The European region will also become one of the
important battery recycling markets.
Of this, Germany will contribute $174.
8 million to the scale and impact of battery recycling in the region over the next 5-6 years
.
Overall, however, emerging markets in Eastern Europe will bring more than $450 million to the
battery recycling market in Europe.
In Asia, Japan's lead-acid battery recycling market is expected to exceed $500 million by 2025
.
As the world's second largest economy, China's battery recycling market is expected to maintain a steady growth rate of 8.
5% during the forecast period, and its market size is expected to reach US$1.
2 billion.
Recently, Research And Markets, an international market research institution, released a battery recycling report that the global battery recycling market will grow by $4.
4 billion from 2019 to 2025, with a compound annual growth rate of 5.
9%
during the period.
In terms of battery type, the compound growth rate of lead-acid batteries will exceed 6.
1%
during the forecast period.
The lead-acid battery recycling market is expected to exceed $8.
2 billion by 2025, bringing an important driver
for the growth of the global battery recycling market.
From the perspective of the regional market, although battery recycling will sweep the entire market, the regional market, the United States will maintain a growth momentum
of 5% during the forecast period.
The European region will also become one of the
important battery recycling markets.
Of this, Germany will contribute $174.
8 million to the scale and impact of battery recycling in the region over the next 5-6 years
.
Overall, however, emerging markets in Eastern Europe will bring more than $450 million to the
battery recycling market in Europe.
In Asia, Japan's lead-acid battery recycling market is expected to exceed $500 million by 2025
.
As the world's second largest economy, China's battery recycling market is expected to maintain a steady growth rate of 8.
5% during the forecast period, and its market size is expected to reach US$1.
2 billion.
