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Second-life EV Batteries Market Intelligence Report - Global Forecast to 2027

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    Report

  • 117 Pages
  • July 2022
  • Region: Global
  • Think Market Intelligence
  • ID: 5623876
UP TO OFF until Dec 31st 2022
The Global Second-life EV Batteries Market is projected to reach USD 34.75 billion by 2027 from USD 19.71 billion in 2021, at a CAGR 9.90% during the forecast period.

Market Statistics:


The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available.

In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

  • The Americas Second-life EV Batteries Market size was estimated at USD 6,247.41 million in 2021, is expected to reach USD 6,680.19 million in 2022, and is projected to grow at a CAGR of 9.10% to reach USD 10,535.91 million by 2027.
  • The Asia-Pacific Second-life EV Batteries Market size was estimated at USD 6,004.89 million in 2021, is expected to reach USD 6,721.15 million in 2022, and is projected to grow at a CAGR of 10.74% to reach USD 11,080.10 million by 2027.
  • The Europe, Middle East & Africa Second-life EV Batteries Market size was estimated at USD 7,464.95 million in 2021, is expected to reach USD 8,156.36 million in 2022, and is projected to grow at a CAGR of 9.88% to reach USD 13,142.44 million by 2027.

Market Segmentation & Coverage:


The report on second-life ev batteries identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the second-life ev batteries to forecast the revenues and analyze the trends in each of the following sub-markets:

Type:

  • Lead Acid
  • Lithium-Ion
  • Nickel
  • Sodium-ion

Application:

  • Commercial and Industrial Energy Storage
  • EV Charging
  • Grid Charging
  • Off-grid
  • Residential Energy Storage

Region:

  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Connecticut
      • Florida
      • Illinois
      • Massachusetts
      • New York
      • Ohio
      • Pennsylvania
      • Texas
      • Wisconsin
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
  • Europe, Middle East & Africa
    • France
    • Germany
    • Italy
    • Netherlands
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • United Arab Emirates
    • United Kingdom

Company Usability Profiles:

  • Bayerische Motoren Werke AG
  • BYD Company Ltd.
  • Connected Energy Ltd.
  • Enel X S.r.l.
  • Fortum Oyj
  • Hyundai Motor Company
  • Li-Cycle Corp.
  • MAN Truck & Bus SE
  • Mercedes-Benz Group AG
  • Nissan Motor Co., Ltd.
  • Nunam Technologies India Pvt. Ltd.
  • Proterra, Inc.
  • ReJoule Inc.
  • Relectrify Pty Ltd.
  • RWE AG
  • Snam S.A.S.
  • Toyota Motor Corporation
Frequently Asked Questions about the Second-life EV Batteries Market

What is the estimated value of the Second-life EV Batteries Market?

The Second-life EV Batteries Market was estimated to be valued at $19.71 Billion in 2021.

What is the growth rate of the Second-life EV Batteries Market?

The growth rate of the Second-life EV Batteries Market is 9.9%, with an estimated value of $34.75 Billion by 2027.

What is the forecasted size of the Second-life EV Batteries Market?

The Second-life EV Batteries Market is estimated to be worth $34.75 Billion by 2027.

Who are the key companies in the Second-life EV Batteries Market?

Key companies in the Second-life EV Batteries Market include Bayerische Motoren Werke AG, BYD Company Ltd., Connected Energy Ltd., Enel X S.r.l., Fortum Oyj, Hyundai Motor Company, Li, Cycle Corp. and Mercedes.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Market Overview
4. Americas Second-life EV Batteries Market
4.1. Introduction
4.2. Argentina
4.3. Brazil
4.4. Canada
4.5. Mexico
4.6. United States
5. Asia-Pacific Second-life EV Batteries Market
5.1. Introduction
5.2. Australia
5.3. China
5.4. India
5.5. Indonesia
5.6. Japan
5.7. Malaysia
5.8. Philippines
5.9. Singapore
5.10. South Korea
5.11. Taiwan
5.12. Thailand
6. Europe, Middle East & Africa Second-life EV Batteries Market
6.1. Introduction
6.2. France
6.3. Germany
6.4. Italy
6.5. Netherlands
6.6. Qatar
6.7. Russia
6.8. Saudi Arabia
6.9. South Africa
6.10. Spain
6.11. United Arab Emirates
6.12. United Kingdom
7. Company Usability Profiles
7.1. Bayerische Motoren Werke AG
7.2. BYD Company Ltd.
7.3. Connected Energy Ltd.
7.4. Enel X S.r.l.
7.5. Fortum Oyj
7.6. Hyundai Motor Company
7.7. Li-Cycle Corp.
7.8. MAN Truck & Bus SE
7.9. Mercedes-Benz Group AG
7.10. Nissan Motor Co., Ltd.
7.11. Nunam Technologies India Pvt. Ltd.
7.12. Proterra, Inc.
7.13. ReJoule Inc.
7.14. Relectrify Pty Ltd.
7.15. RWE AG
7.16. Snam S.A.S.
7.17. Toyota Motor Corporation
List of Figures
Figure 1. Global Second-Life Ev Batteries Market: Research Process
Figure 2. Global Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 3. Global Second-Life Ev Batteries Market Size, by Region, 2021 Vs 2027 (%)
Figure 4. Global Second-Life Ev Batteries Market Size, by Region, 2021 Vs 2027 (USD Million)
Figure 5. Competitive Strategic Window For Global Second-Life Ev Batteries Market Size, by Region, 2027
Figure 6. Americas Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 7. Americas Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (%)
Figure 8. Americas Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (USD Million)
Figure 9. Competitive Strategic Window For Americas Second-Life Ev Batteries Market Size, by Country, 2027
Figure 10. Argentina Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 11. Brazil Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 12. Canada Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 13. Mexico Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 14. United States Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 15. United States Second-Life Ev Batteries Market Size, by State, 2021 Vs 2027 (%)
Figure 16. United States Second-Life Ev Batteries Market Size, by State, 2021 Vs 2027 (USD Million)
Figure 17. Competitive Strategic Window For United States Second-Life Ev Batteries Market Size, by State, 2027
Figure 18. Asia-Pacific Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 19. Asia-Pacific Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (%)
Figure 20. Asia-Pacific Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (USD Million)
Figure 21. Competitive Strategic Window For Asia-Pacific Second-Life Ev Batteries Market Size, by Country, 2027
Figure 22. Australia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 23. China Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 24. India Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 25. Indonesia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 26. Japan Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 27. Malaysia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 28. Philippines Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 29. Singapore Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 30. South Korea Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 31. Taiwan Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 32. Thailand Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 33. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 34. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (%)
Figure 35. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Country, 2021 Vs 2027 (USD Million)
Figure 36. Competitive Strategic Window For Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Country, 2027
Figure 37. France Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 38. Germany Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 39. Italy Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 40. Netherlands Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 41. Qatar Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 42. Russia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 43. Saudi Arabia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 44. South Africa Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 45. Spain Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 46. United Arab Emirates Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Figure 47. United Kingdom Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
List of Tables
Table 1. Global Second-Life Ev Batteries Market Segmentation & Coverage
Table 2. United States Dollar Exchange Rate, 2016-2020
Table 3. Global Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 4. Global Second-Life Ev Batteries Market Size, by Region, 2019-2027 (USD Million)
Table 5. Global Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 6. Global Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 7. Americas Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 8. Americas Second-Life Ev Batteries Market Size, by Country, 2019-2027 (USD Million)
Table 9. Americas Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 10. Americas Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 11. Argentina Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 12. Argentina Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 13. Argentina Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 14. Brazil Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 15. Brazil Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 16. Brazil Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 17. Canada Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 18. Canada Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 19. Canada Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 20. Mexico Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 21. Mexico Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 22. Mexico Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 23. United States Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 24. United States Second-Life Ev Batteries Market Size, by State, 2019-2027 (USD Million)
Table 25. United States Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 26. United States Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 27. Asia-Pacific Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 28. Asia-Pacific Second-Life Ev Batteries Market Size, by Country, 2019-2027 (USD Million)
Table 29. Asia-Pacific Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 30. Asia-Pacific Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 31. Australia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 32. Australia Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 33. Australia Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 34. China Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 35. China Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 36. China Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 37. India Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 38. India Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 39. India Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 40. Indonesia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 41. Indonesia Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 42. Indonesia Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 43. Japan Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 44. Japan Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 45. Japan Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 46. Malaysia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 47. Malaysia Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 48. Malaysia Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 49. Philippines Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 50. Philippines Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 51. Philippines Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 52. Singapore Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 53. Singapore Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 54. Singapore Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 55. South Korea Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 56. South Korea Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 57. South Korea Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 58. Taiwan Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 59. Taiwan Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 60. Taiwan Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 61. Thailand Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 62. Thailand Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 63. Thailand Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 64. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 65. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Country, 2019-2027 (USD Million)
Table 66. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 67. Europe, Middle East & Africa Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 68. France Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 69. France Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 70. France Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 71. Germany Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 72. Germany Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 73. Germany Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 74. Italy Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 75. Italy Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 76. Italy Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 77. Netherlands Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 78. Netherlands Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 79. Netherlands Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 80. Qatar Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 81. Qatar Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 82. Qatar Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 83. Russia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 84. Russia Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 85. Russia Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 86. Saudi Arabia Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 87. Saudi Arabia Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 88. Saudi Arabia Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 89. South Africa Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 90. South Africa Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 91. South Africa Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 92. Spain Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 93. Spain Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 94. Spain Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 95. United Arab Emirates Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 96. United Arab Emirates Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 97. United Arab Emirates Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)
Table 98. United Kingdom Second-Life Ev Batteries Market Size, 2019-2027 (USD Million)
Table 99. United Kingdom Second-Life Ev Batteries Market Size, by Type, 2019-2027 (USD Million)
Table 100. United Kingdom Second-Life Ev Batteries Market Size, by Application, 2019-2027 (USD Million)

Companies Mentioned

  • Bayerische Motoren Werke AG
  • BYD Company Ltd.
  • Connected Energy Ltd.
  • Enel X S.r.l.
  • Fortum Oyj
  • Hyundai Motor Company
  • Li-Cycle Corp.
  • MAN Truck & Bus SE
  • Mercedes-Benz Group AG
  • Nissan Motor Co., Ltd.
  • Nunam Technologies India Pvt. Ltd.
  • Proterra, Inc.
  • ReJoule Inc.
  • Relectrify Pty Ltd.
  • RWE AG
  • Snam S.A.S.
  • Toyota Motor Corporation

Methodology

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