Battery Recycling: The world’s most used renewable power source
Battery Recycling: The world’s most used renewable power source: Advanced technologies & growth opportunities in worldwide Industry by 2025
Battery recycling is a process of reducing the number of batteries being disposed as trash. Battery recycling helps in decreasing the number of toxics chemicals. Battery can be of different types such as lithium-based battery, nickel-based and lead acid battery. Lead acid battery consume less energy as compared to both lithium and nickel battery
Battery recycling reduces the emission of greenhouse gas and helps to maintain the environment for future generation are the major driving factor helps in surging the growth of this market whereas lack of awareness among the people about battery recycling can act as the restraining factor in the market. Increasing demand for automobile industry is expected to grow the market for battery recycling over coming years.