Analysts’ Viewpoint on Second Life EV Battery Market Scenario
Electric vehicle battery is often used in harsh environments. As a result, it loses its original capacity by 20% to 30% after a few years. These batteries are often reused or recycled, owing to the increase in environmental awareness and presence of stringent government regulations. Various companies across the globe are seeking effective ways to use these batteries in applications such as stationary energy storage. Emerging countries such as India and China have signed the Paris Agreement, which requires countries to decrease carbon footprint and greenhouse gas emissions by reducing their dependence on fossil fuels. This is expected to drive the demand for second life EV batteries. Thus, the future of second life EV battery market appears promising.
Second life batteries are ones that have reached the end of their life, but can still be used in stationary systems, in combination with renewable energy sources such as wind and solar. Lithium batteries used in EVs retain more than two-third of their usable energy storage after six to eight years. Depending on their condition, old electric vehicle batteries can deliver an additional five to eight years of service in a secondary application. EV battery second life is subject to effective recycling or recovery of critical materials from used batteries.
Second life battery storage can act as a reliable and affordable power source for people residing in urban and remote areas. Growth of the second life EV battery market can be ascribed to initiatives of emerging economies such as China and India to achieve COP26 goals ‒ increasing renewable energy usage and reducing carbon emissions. Currently, several emerging countries do not have proper guidelines for end-of-life battery management. These countries need to formulate guidelines that would cover the feasibility of using second life EV batteries. This could be done by encouraging startups and OEMs to carry out R&D in second life EV batteries. Furthermore, implementation of testing mandates for recycling and reuse of second life batteries, and increase in adoption of the blockchain traceability management platform are expected to drive the usage of second life EV batteries.
Significant developments have taken place in the electric vehicle sector in the last decade. Sales of electric vehicles have increased substantially and are expected to rise further during the forecast period. This is likely to augment the usage of batteries in EVs. However, disposal of these batteries entails various environmental challenges. This has led to reuse and recycling of batteries after the completion of their lifecycle. Thus, increase in demand for electric vehicles is estimated to propel the global second life EV battery market during the forecast period.
Key EV manufacturers are using second life EV batteries in various energy storage systems across industries, ranging from small residential establishments to large commercial establishments. For instance, in 2020, Honda Europe formed a strategic partnership with Société Nouvelle d’Affinage des Métaux (SNAM), a waste management company. According to the agreement, SNAM will assess the second life usability of batteries from Honda EVs. The company will then determine the reusability of EV batteries for applications such as energy storage for domestic and industrial use.
Prominent car manufacturers have also committed to develop second life applications for high-voltage batteries as part of creating a closed-loop system that ensures all materials in cars are recycled. Working with BatteryLoop, Volvo is developing EV batteries that can be reused in solar energy storage systems to power charging points for cars and bikes. Thus, rise in adoption of second life EV batteries in energy storage systems is expected to drive the second life battery market during the forecast period.
Second life batteries can reduce the amount of waste and also prevent additional depletion of minerals such as cobalt, lithium, and nickel. Lithium extraction has adverse effects on the environment, as the process is water intensive. Widespread adoption of second life batteries can help meet the increase in demand for energy storage without excessive mining of battery materials in unsustainable ways.
EV batteries are either discarded, reused, or recycled once they reach their used capacity. Reuse of EV batteries is ideal, as batteries retain 70% to 80% of their capacity after retiring from EVs. This remaining capacity is suitable for less challenging applications such as stationary storage. Reuse of EV batteries for second-life applications could contribute to 56% reduction in CO2 emissions compared to natural fuel gas, especially during peak demand.
Rise in concerns over depletion of minerals as well as the ozone layer has prompted EV manufacturers to increase the adoption of second life electric vehicle batteries in storage solutions. For instance, in June 2018, Wärtsilä, a Finland-based energy-solution provider, signed an agreement with Hyundai Motor Group, an automobile producer, to establish a commercial partnership for the use of second life electric vehicle batteries in storage solutions.
According to the research report on second life EV battery market, Asia Pacific is witnessing high demand for second life EV battery primarily due to the significant growth of the electric vehicle industry in the region. Asia Pacific dominated the global second life EV battery market with 36.9% share in 2021. Its share is expected to rise during the forecast period. China accounts for major share of the second life EV battery market in Asia Pacific.
The market in North America and Europe is expected to grow at a moderate pace during the forecast period owing to the rise in demand for energy storage systems in various industries and increase in emphasis on environmental protection in these regions. The U.S. accounts for major share of the market in North America, while demand for second life EV batteries in Canada is projected to rise at a moderate pace during the forecast period.
The global second life EV battery market is consolidated, with a small number of large-scale vendors controlling majority of the share. Top market players of second life EV battery market are focused on investments in R&D of environment-friendly products. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Enel X S.r.l., Nissan Motors Corporation, Fortum, Renault Group, Mercedes-Benz Group, Hyundai Motor Company, RWE, Mitsubishi Motors Corporation, BELECTRIC, and BeePlanet Factory are prominent entities operating in the market.
Each of these players has been profiled in the second life EV battery market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 252.2 Mn |
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Market Forecast Value in 2031 |
US$ 9.93 Bn |
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Growth Rate (CAGR) |
44.7% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2020 |
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Quantitative Units |
US$ Mn/Bn for Value & Units for Volume |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
The global second life EV battery market stood at US$ 252.2 Mn in 2021
The global second life EV battery market is expected to advance at a CAGR of 44.7% from 2022 to 2031
Rise in sales of electric vehicles and increase in emphasis on environment protection
The power backup segment accounted for the largest share of 47.0% of the global second life EV battery market in 2021
Asia Pacific was the most lucrative region of the second life EV battery market in 2021
Enel X S.r.l, Nissan Motors Corporation, Fortum, Renault Group, Mercedes-Benz Group, Hyundai Motor Company, RWE, Mitsubishi Motors Corporation, BELECTRIC, and BeePlanet Factory
1. Executive Summary
1.1. Second Life EV Battery Market Snapshot
1.2. Key Market Trends
1.3. Current Market and Future Potential
1.4. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
2.3. Market Definitions
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Opportunities
2.5. Porter’s Five Forces Analysis
2.6. Value Chain Analysis
2.6.1. List of Manufacturers
2.6.2. List of Potential Customers
2.7. Production Analysis/ Route of Synthesis
2.8. Cost Analysis
2.9. Product Specification Analysis
3. COVID-19 Impact Analysis
4. Second Life EV Battery Market Production Outlook
5. Second Life EV Battery Price Trend Analysis, 2022–2031
5.1. By Region
6. Global Second Life EV Battery Market Analysis and Forecast, by End-use, 2022–2031
6.1. Introduction and Definitions
6.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
6.2.1. Commercial
6.2.2. Residential
6.2.3. Industrial
6.3. Global Second Life EV Battery Market Attractiveness, by End-use
7. Global Second Life EV Battery Market Analysis and Forecast, by Application, 2022–2031
7.1. Introduction and Definitions
7.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
7.2.1. EV Charging
7.2.2. Grid Connected
7.2.3. Renewable Energy Storage
7.2.4. Power Backup
7.2.4.1. Telecom
7.2.4.2. Gas Turbine Power Plant
7.2.4.3. UPS
7.2.5. Others
7.3. Global Second Life EV Battery Market Attractiveness, by Application
8. Global Second Life EV Battery Market Analysis and Forecast, by Region, 2022–2031
8.1. Key Findings
8.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Region, 2022–2031
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Global Second Life EV Battery Market Attractiveness, by Region
9. North America Second Life EV Battery Market Analysis and Forecast, 2022–2031
9.1. Key Findings
9.2. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
9.3. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
9.4. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country, 2022–2031
9.4.1. U.S. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
9.4.2. U.S. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
9.4.3. Canada Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
9.4.4. Canada Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
9.5. North America Second Life EV Battery Market Attractiveness Analysis
10. Europe Second Life EV Battery Market Analysis and Forecast, 2022–2031
10.1. Key Findings
10.2. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.3. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
10.4.1. Germany Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.2. Germany Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.3. France Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.4. France Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.5. U.K. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.6. U.K. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.7. Italy Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.8. Italy Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.9. Spain Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.10. Spain Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.11. Russia & CIS Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.12. Russia & CIS Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.4.13. Rest of Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
10.4.14. Rest of Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
10.5. Europe Second Life EV Battery Market Attractiveness Analysis
11. Asia Pacific Second Life EV Battery Market Analysis and Forecast, 2022–2031
11.1. Key Findings
11.2. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.3. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.4. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
11.4.1. China Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.4.2. China Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.4.3. Japan Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.4.4. Japan Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.4.5. India Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.4.6. India Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.4.7. ASEAN Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.4.8. ASEAN Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.4.9. Rest of Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
11.4.10. Rest of Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
11.5. Asia Pacific Second Life EV Battery Market Attractiveness Analysis
12. Latin America Second Life EV Battery Market Analysis and Forecast, 2022–2031
12.1. Key Findings
12.2. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
12.3. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
12.4. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
12.4.1. Brazil Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
12.4.2. Brazil Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
12.4.3. Mexico Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
12.4.4. Mexico Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
12.4.5. Rest of Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
12.4.6. Rest of Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
12.5. Latin America Second Life EV Battery Market Attractiveness Analysis
13. Middle East & Africa Second Life EV Battery Market Analysis and Forecast, 2022–2031
13.1. Key Findings
13.2. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
13.3. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
13.4. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
13.4.1. South Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
13.4.2. South Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
13.4.3. GCC Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
13.4.4. GCC Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
13.4.5. Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031
13.4.6. Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031
13.5. Middle East & Africa Second Life EV Battery Market Attractiveness Analysis
14. Competition Landscape
14.1. Global Second Life EV Battery Company Market Share Analysis, 2021
14.2. Competition Matrix
14.3. Market Footprint Analysis
14.3.1. By End-use
14.3.2. By Application
14.4. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)
14.4.1. Enel X S.r.l
14.4.1.1. Company Description
14.4.1.2. Business Overview
14.4.1.3. Financial Details
14.4.1.4. Strategic Overview
14.4.2. Nissan Motors Corporation
14.4.2.1. Company Description
14.4.2.2. Business Overview
14.4.2.3. Financial Details
14.4.2.4. Strategic Overview
14.4.3. Fortum
14.4.3.1. Company Description
14.4.3.2. Business Overview
14.4.4. Renault Group
14.4.4.1. Company Description
14.4.4.2. Business Overview
14.4.5. Mercedes-Benz Group
14.4.5.1. Company Description
14.4.5.2. Business Overview
14.4.6. Hyundai Motor Company
14.4.6.1. Company Description
14.4.6.2. Business Overview
14.4.7. RWE
14.4.7.1. Company Description
14.4.7.2. Business Overview
14.4.8. Mitsubishi Motors Corporation
14.4.8.1. Company Description
14.4.8.2. Business Overview
14.4.9. BELECTRIC
14.4.9.1. Company Description
14.4.9.2. Business Overview
14.4.10. BeePlanet Factory
14.4.10.1. Company Description
14.4.10.2. Business Overview
15. Primary Research: Key Insights
16. Appendix
List of Tables
Table 1: Global Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 2: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 3: Global Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 4: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 5: Global Second Life EV Battery Market Volume (Units) Forecast, by Region, 2022–2031
Table 6: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by Region, 2022–2031
Table 7: North America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 8: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 9: North America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 10: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 11: North America Second Life EV Battery Market Volume (Units) Forecast, by Country, 2022–2031
Table 12: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by Country, 2022–2031
Table 13: U.S. Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 14: U.S. Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 15: U.S. Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 16: U.S. Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 17: Canada Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 18: Canada Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 19: Canada Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 20: Canada Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 21: Europe Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 22: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 23: Europe Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 24: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 25: Europe Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031
Table 26: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
Table 27: Germany Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 28: Germany Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 29: Germany Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 30: Germany Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 31: U.K. Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 32: U.K. Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 33: U.K. Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 34: U.K. Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 35: France Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 36: France Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 37: France Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 38: France Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 39: Italy Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 40: Italy Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 41: Italy Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 42: Italy Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 43: Spain Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 44: Spain Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 45: Spain Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 46: Spain Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 47: Russia & CIS Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 48: Russia & CIS Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 49: Russia & CIS Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 50: Russia & CIS Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 51: Rest of Europe Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 52: Rest of Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 53: Rest of Europe Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 54: Rest of Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 55: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 56: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 57: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 58: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 59: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031
Table 60: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
Table 61: China Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 62: China Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 63: China Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 64: China Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 65: Japan Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 66: Japan Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 67: Japan Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 68: Japan Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 69: India Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 70: India Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 71: India Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 72: India Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 73: ASEAN Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 74: ASEAN Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 75: ASEAN Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 76: ASEAN Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 77: Rest of Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 78: Rest of Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 79: Rest of Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 80: Rest of Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 81: Latin America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 82: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 83: Latin America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 84: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 85: Latin America Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031
Table 86: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
Table 87: Brazil Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 88: Brazil Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 99: Brazil Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 100: Brazil Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 101: Mexico Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 102: Mexico Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 103: Mexico Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 104: Mexico Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 105: Rest of Latin America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 106: Rest of Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 107: Rest of Latin America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 108: Rest of Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 109: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 110: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 111: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 112: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 113: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031
Table 114: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031
Table 115: GCC Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 116: GCC Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 117: GCC Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 118: GCC Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 119: South Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 120: South Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 121: South Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 122: South Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
Table 123: Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031
Table 124: Rest of Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031
Table 125: Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031
Table 126: Rest of Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031
List of Figures
Figure 1: Global Second Life EV Battery Price Trend, by Application, 2022–2031 (US$/Ton)
Figure 2: Global Second Life EV Battery Price Trend, by Region, 2022–2031 (US$/Ton)
Figure 3: Global Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 4: Global Second Life EV Battery Market Attractiveness, by End-use
Figure 5: Global Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 6: Global Second Life EV Battery Market Attractiveness, by Application
Figure 7: Global Second Life EV Battery Market Volume Share, by Region, 2021, 2025, and 2031
Figure 8: Global Second Life EV Battery Market Attractiveness, by Region
Figure 9: North America Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 10: North America Second Life EV Battery Market Attractiveness, by End-use
Figure 11: North America Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 12: North America Second Life EV Battery Market Attractiveness, by Application
Figure 13: North America Second Life EV Battery Market Volume Share, by Country, 2021, 2025, and 2031
Figure 14: North America Second Life EV Battery Market Attractiveness, by Country
Figure 15: Europe Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 16: Europe Second Life EV Battery Market Attractiveness, by End-use
Figure 17: Europe Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 18: Europe Second Life EV Battery Market Attractiveness, by Application
Figure 19: Europe Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
Figure 20: Europe Second Life EV Battery Market Attractiveness, by Country and Sub-region
Figure 21: Asia Pacific Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 22: Asia Pacific Second Life EV Battery Market Attractiveness, by End-use
Figure 23: Asia Pacific Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 24: Asia Pacific Second Life EV Battery Market Attractiveness, by Application
Figure 25: Asia Pacific Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
Figure 26: Asia Pacific Second Life EV Battery Market Attractiveness, by Country and Sub-region
Figure 27: Latin America Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 28: Latin America Second Life EV Battery Market Attractiveness, by End-use
Figure 29: Latin America Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 30: Latin America Second Life EV Battery Market Attractiveness, by Application
Figure 31: Latin America Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
Figure 32: Latin America Second Life EV Battery Market Attractiveness, by Country and Sub-region
Figure 33: Middle East & Africa Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031
Figure 34: Middle East & Africa Second Life EV Battery Market Attractiveness, by End-use
Figure 35: Middle East & Africa Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031
Figure 36: Middle East & Africa Second Life EV Battery Market Attractiveness, by Application
Figure 37: Middle East & Africa Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
Figure 38: Middle East & Africa Second Life EV Battery Market Attractiveness, by Country and Sub-region
Figure 39: Global Second Life EV Battery Market Share Analysis, by Company, 2020
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Second-life EV Battery Market
