What is Global Lead-acid Battery Scrap Market?
The Global Lead-acid Battery Scrap Market is a vast and complex sector that deals with the collection, recycling, and disposal of lead-acid batteries. These batteries are commonly used in various industries, including automotive, power, and telecommunications. However, once they reach the end of their lifespan, they become a form of waste that needs to be properly managed to prevent environmental harm. This is where the Global Lead-acid Battery Scrap Market comes into play. It involves various processes, such as collection and segregation, pyrometallurgical treatment, and hydrometallurgical treatment, to ensure that these batteries are disposed of in a safe and environmentally friendly manner. The market also includes other methods of disposal, depending on the specific requirements of the industry and the type of battery being disposed of.
Collection & Segregation, Pyrometallurgical Treatment, Hydrometallurgical Treatment, Other in the Global Lead-acid Battery Scrap Market:
The Global Lead-acid Battery Scrap Market plays a crucial role in several industries. In the automotive industry, for instance, lead-acid batteries are widely used in vehicles for starting, lighting, and ignition purposes. Once these batteries are no longer functional, they need to be properly disposed of, which is where the market comes in. Similarly, in the power industry, these batteries are used in power stations, substations, and for emergency power supply. They also need to be properly managed once they reach the end of their lifespan. The telecom sector also relies on these batteries for backup power supply in telecom towers and data centers. Again, proper disposal is crucial once these batteries are no longer usable. Other sectors that utilize and subsequently need to dispose of lead-acid batteries include the marine industry, renewable energy sector, and various manufacturing industries.
Automotive, Power Industry, Telecom Sector, Other in the Global Lead-acid Battery Scrap Market:
In 2023, the Global Lead-acid Battery Scrap Market was valued at a substantial US$ 6890.9 million. This figure is expected to see a significant increase, with projections indicating that the market could reach a value of US$ 10450 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including the increasing demand for lead-acid batteries in various industries, the growing awareness about the importance of proper waste management, and the stringent regulations regarding the disposal of these batteries. As such, the Global Lead-acid Battery Scrap Market is set to see a steady growth in the coming years.
Global Lead-acid Battery Scrap Market Outlook:
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| Report Metric | Details |
| Report Name | Lead-acid Battery Scrap Market |
| Accounted market size in 2023 | US$ 6890.9 million |
| Forecasted market size in 2030 | US$ 10450 million |
| CAGR | 5.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Umicore, GEM, Brunp Recycling, Battery Solutions, Gravita India, Aqua Metals, AMIDT Group, Engitec Technologies, ECOBAT Technologies, SUNLIGHT Recycling |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
