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EV Battery Reuse Market By Source, By Battery Chemistry, By Vehicle Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 389 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713082
The global EV battery reuse market size was valued at $0.2 billion in 2021, and EV battery reuse industry is projected to reach $3.9 billion by 2031, growing at a CAGR of 34.3% from 2022 to 2031.

EV battery reuse has wide range of applications in the energy storage, as a power source for base station and EV charging stations. Most of the batteries used in this market are those that do not meet the standards for its application in the EVs. The increase in awareness among the people regarding the impact of battery waste on environment has led to recycling that provides second life for the battery in various other applications.

The battery and vehicle manufacturers have been pushing forward EV battery recycling and reuse in pursuit of more sustainable business models. This is being reinforced by progressive government regulations, such as the recent updates to battery reuse and recycling regulations in Europe. Ongoing trends reveal that recycling is ecpected to be favored over the next 2-3 years. However, in the long-term, second life use applications are anticipated to gain momentum due to technological advances, regulatory clarity, and proven business model.

The rise in sale of electric vehicles (EV) across the globe creates considerable opportunity for stationary storage powered by used EV batteries. In terms of battery type, the electric vehicle battery reuse market can be segmented into lithium-ion batteries, nickel-metal hydride batteries, and lead-acid batteries. Rise in demand for EV battery in the automotive industry is expected to create significant opportunities for the EV battery reuse market in the near future. The benefits of reusing end-of-first-life batteries are the cost development of new batteries to be manufactured is high compared to battery that are recycled. Therefore, the different paths of reusing those batteries need to be investigated in order to identify possible economic benefits as compared to that offered by new batteries. The comparison of both price trends is a key factor for the success of reusing batteries, since they would not only be ecologically attractive however also cost-effective.

Energy storage application accounted for over 28% of the market share in 2021. Escalating energy demand owing to the growth in population and shortage of power supply are projected to fuel the of EV battery reuse market statistics during the forecast period. The batteries failing to maintain 80% of total usable capacity are ejected from usage in EVs on account of unfulfillment of performance standards. The used Li-ion batteries can be utilized as a back-up system, where the power is stored during the normal grid supply and it discharges when there is power outage especially during extreme climatic conditions. The EV battery reuse market is anticipated to grow on account of its ability to power low energy demanding applications as a part of energy storage system.

North America accounted for a significant share of the global market revenue in 2021. The demand for battery reuse across North America is primarily driven by the U.S. and Canada. The North America region has great demand for electric vehicles. The recent surge in the sales of electric vehicles in this region has led to increase in demand for EV battery. The rise in the sales of batteries has led to the launch of various initiatives by the government to recycle and reuse the standard batteries in various sectors. However, the rapid development in the battery technology and decrease in the production cost of lithium batteries by 97% since 1997 have hampered the market growth. On the other hand, the market in Asia-Pacific is estimated to register the fastest growth rate during the forecast period.

The EV battery reuse market is segmented on the basis of source, battery chemistry, vehicle type, application, and region.

On the basis of source, it is fragmented into battery electric vehicles, hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle. On the basis of battery chemistry, the market is categorized into Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide, Lithium-Nickel-Manganese Cobalt, and Lithium-Titanate Oxide. On the basis of vehicle type, the market is bifurcated into passenger cars and commercial vehicles. By application, the EV battery reuse market is classified into low speed vehicles, base stations, EV charging, and energy storage.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. At present, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.

The major companies profiled in this report include BYD Co, Ltd., Global Battery Solutions, Ltd., Daimler AG, Samsung SDI Co., Ltd,LG Chem Ltd., Groupe PSA, GS Yuasa Corporation, General Motors, Toshiba Corporation, Envision AESC, Nissan Motor Co., Ltd., Toyota Motor Corporation, BMW Group, Tesla Inc,, Johnson Controls, inc., Lithium Werks, and Mitsubishi Electric. Additional growth strategies such as expansion of storage capacities, acquisition, partnership, and research & innovation in the recycling technologies have led to attain key developments in the global EV battery reuse market trends.

Impact of Covid-19 on Global EV Battery Reuse Market

Demand for various input products in the industrial sector declined significantly, as very few industrial operations were allowed to operate. The factors mentioned above restrained the market, as very few reuses of new electric vehicle batteries are expected to be deployed by these industries during the pandemic crisis.

Post pandemic crisis, major electric vehicle manufacturers have launched electric vehicles of various types, as there is a huge demand for eco-friendly automotive after the pandemic outbreak due to increase in awareness among the people toward the environment. Furthermore, the breakthrough in various technologies which are used in the EVs is another factor boosting the growth of the EV industry.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ev battery reuse market analysis from 2021 to 2031 to identify the prevailing ev battery reuse market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the ev battery reuse market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global ev battery reuse market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Source

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Battery Chemistry

  • Lithium-Iron Phosphate
  • Lithium-Manganese Oxide
  • Lithium-Nickel-Cobalt-Aluminum Oxide
  • Lithium-Nickel-Manganese Cobalt
  • Lithium-Titanate Oxide

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Application

  • Low speed vehicles
  • Base Stations
  • EV charging
  • Energy Storage

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • BYD Co, Ltd.
  • Global Battery Solutions, Ltd.
  • Daimler AG
  • Samsung SDI Co., Ltd
  • LG Chem Ltd.
  • Groupe PSA
  • GS Yuasa Corporation
  • General Motors
  • Toshiba Corporation
  • Envision AESC
  • Nissan Motor Co., Ltd.
  • Toyota Motor Corporation
  • BMW Group
  • Tesla Inc
  • Johnson Controls, inc.
  • Lithium Wrecks
  • Mitsubishi Electric Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis

CHAPTER 4: EV BATTERY REUSE MARKET, BY SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 Battery Electric Vehicles (BEVs)
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Hybrid Electric Vehicle (HEV)
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Plug-in Hybrid Electric Vehicle (PHEV)
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Fuel Cell Electric Vehicle (FCEV)
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country

CHAPTER 5: EV BATTERY REUSE MARKET, BY BATTERY CHEMISTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Lithium-Iron Phosphate
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Lithium-Manganese Oxide
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Lithium-Nickel-Cobalt-Aluminum Oxide
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Lithium-Nickel-Manganese Cobalt
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Lithium-Titanate Oxide
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: EV BATTERY REUSE MARKET, BY VEHICLE TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Passenger Cars
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commercial Vehicles
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: EV BATTERY REUSE MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Low speed vehicles
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Base Stations
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 EV charging
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Energy Storage
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country

CHAPTER 8: EV BATTERY REUSE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Source
8.2.3 North America Market size and forecast, by Battery Chemistry
8.2.4 North America Market size and forecast, by Vehicle Type
8.2.5 North America Market size and forecast, by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Market size and forecast, by Source
8.2.6.1.2 Market size and forecast, by Battery Chemistry
8.2.6.1.3 Market size and forecast, by Vehicle Type
8.2.6.1.4 Market size and forecast, by Application
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Source
8.2.6.2.2 Market size and forecast, by Battery Chemistry
8.2.6.2.3 Market size and forecast, by Vehicle Type
8.2.6.2.4 Market size and forecast, by Application
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Source
8.2.6.3.2 Market size and forecast, by Battery Chemistry
8.2.6.3.3 Market size and forecast, by Vehicle Type
8.2.6.3.4 Market size and forecast, by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Source
8.3.3 Europe Market size and forecast, by Battery Chemistry
8.3.4 Europe Market size and forecast, by Vehicle Type
8.3.5 Europe Market size and forecast, by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Source
8.3.6.1.2 Market size and forecast, by Battery Chemistry
8.3.6.1.3 Market size and forecast, by Vehicle Type
8.3.6.1.4 Market size and forecast, by Application
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Source
8.3.6.2.2 Market size and forecast, by Battery Chemistry
8.3.6.2.3 Market size and forecast, by Vehicle Type
8.3.6.2.4 Market size and forecast, by Application
8.3.6.3 Italy
8.3.6.3.1 Market size and forecast, by Source
8.3.6.3.2 Market size and forecast, by Battery Chemistry
8.3.6.3.3 Market size and forecast, by Vehicle Type
8.3.6.3.4 Market size and forecast, by Application
8.3.6.4 Spain
8.3.6.4.1 Market size and forecast, by Source
8.3.6.4.2 Market size and forecast, by Battery Chemistry
8.3.6.4.3 Market size and forecast, by Vehicle Type
8.3.6.4.4 Market size and forecast, by Application
8.3.6.5 UK
8.3.6.5.1 Market size and forecast, by Source
8.3.6.5.2 Market size and forecast, by Battery Chemistry
8.3.6.5.3 Market size and forecast, by Vehicle Type
8.3.6.5.4 Market size and forecast, by Application
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Source
8.3.6.6.2 Market size and forecast, by Battery Chemistry
8.3.6.6.3 Market size and forecast, by Vehicle Type
8.3.6.6.4 Market size and forecast, by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Source
8.4.3 Asia-Pacific Market size and forecast, by Battery Chemistry
8.4.4 Asia-Pacific Market size and forecast, by Vehicle Type
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Source
8.4.6.1.2 Market size and forecast, by Battery Chemistry
8.4.6.1.3 Market size and forecast, by Vehicle Type
8.4.6.1.4 Market size and forecast, by Application
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Source
8.4.6.2.2 Market size and forecast, by Battery Chemistry
8.4.6.2.3 Market size and forecast, by Vehicle Type
8.4.6.2.4 Market size and forecast, by Application
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Source
8.4.6.3.2 Market size and forecast, by Battery Chemistry
8.4.6.3.3 Market size and forecast, by Vehicle Type
8.4.6.3.4 Market size and forecast, by Application
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Source
8.4.6.4.2 Market size and forecast, by Battery Chemistry
8.4.6.4.3 Market size and forecast, by Vehicle Type
8.4.6.4.4 Market size and forecast, by Application
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Source
8.4.6.5.2 Market size and forecast, by Battery Chemistry
8.4.6.5.3 Market size and forecast, by Vehicle Type
8.4.6.5.4 Market size and forecast, by Application
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Source
8.4.6.6.2 Market size and forecast, by Battery Chemistry
8.4.6.6.3 Market size and forecast, by Vehicle Type
8.4.6.6.4 Market size and forecast, by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Source
8.5.3 LAMEA Market size and forecast, by Battery Chemistry
8.5.4 LAMEA Market size and forecast, by Vehicle Type
8.5.5 LAMEA Market size and forecast, by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Source
8.5.6.1.2 Market size and forecast, by Battery Chemistry
8.5.6.1.3 Market size and forecast, by Vehicle Type
8.5.6.1.4 Market size and forecast, by Application
8.5.6.2 Saudi Arabia
8.5.6.2.1 Market size and forecast, by Source
8.5.6.2.2 Market size and forecast, by Battery Chemistry
8.5.6.2.3 Market size and forecast, by Vehicle Type
8.5.6.2.4 Market size and forecast, by Application
8.5.6.3 South Africa
8.5.6.3.1 Market size and forecast, by Source
8.5.6.3.2 Market size and forecast, by Battery Chemistry
8.5.6.3.3 Market size and forecast, by Vehicle Type
8.5.6.3.4 Market size and forecast, by Application
8.5.6.4 Rest of LAMEA
8.5.6.4.1 Market size and forecast, by Source
8.5.6.4.2 Market size and forecast, by Battery Chemistry
8.5.6.4.3 Market size and forecast, by Vehicle Type
8.5.6.4.4 Market size and forecast, by Application

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 BYD Co, Ltd.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Global Battery Solutions, Ltd.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Daimler AG
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Samsung SDI Co., Ltd
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 LG Chem Ltd.
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Groupe PSA
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 GS Yuasa Corporation
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 General Motors
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Toshiba Corporation
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Envision AESC
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Nissan Motor Co., Ltd.
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Toyota Motor Corporation
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 BMW Group
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Tesla Inc
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Johnson Controls, inc.
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Lithium Wrecks
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
10.17 Mitsubishi Electric Corporation
10.17.1 Company overview
10.17.2 Company snapshot
10.17.3 Operating business segments
10.17.4 Product portfolio
10.17.5 Business performance
10.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 2. Ev Battery Reuse Market, for Battery Electric Vehicles (Bevs), by Region, 2021-2031 ($Million)
Table 3. Ev Battery Reuse Market for Battery Electric Vehicles (Bevs), by Country, 2021-2031 ($Million)
Table 4. Ev Battery Reuse Market, for Hybrid Electric Vehicle (Hev), by Region, 2021-2031 ($Million)
Table 5. Ev Battery Reuse Market for Hybrid Electric Vehicle (Hev), by Country, 2021-2031 ($Million)
Table 6. Ev Battery Reuse Market, for Plug-In Hybrid Electric Vehicle (Phev), by Region, 2021-2031 ($Million)
Table 7. Ev Battery Reuse Market for Plug-In Hybrid Electric Vehicle (Phev), by Country, 2021-2031 ($Million)
Table 8. Ev Battery Reuse Market, for Fuel Cell Electric Vehicle (Fcev), by Region, 2021-2031 ($Million)
Table 9. Ev Battery Reuse Market for Fuel Cell Electric Vehicle (Fcev), by Country, 2021-2031 ($Million)
Table 10. Global Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 11. Ev Battery Reuse Market, for Lithium-Iron Phosphate, by Region, 2021-2031 ($Million)
Table 12. Ev Battery Reuse Market for Lithium-Iron Phosphate, by Country, 2021-2031 ($Million)
Table 13. Ev Battery Reuse Market, for Lithium-Manganese Oxide, by Region, 2021-2031 ($Million)
Table 14. Ev Battery Reuse Market for Lithium-Manganese Oxide, by Country, 2021-2031 ($Million)
Table 15. Ev Battery Reuse Market, for Lithium-Nickel-Cobalt-Aluminum Oxide, by Region, 2021-2031 ($Million)
Table 16. Ev Battery Reuse Market for Lithium-Nickel-Cobalt-Aluminum Oxide, by Country, 2021-2031 ($Million)
Table 17. Ev Battery Reuse Market, for Lithium-Nickel-Manganese Cobalt, by Region, 2021-2031 ($Million)
Table 18. Ev Battery Reuse Market for Lithium-Nickel-Manganese Cobalt, by Country, 2021-2031 ($Million)
Table 19. Ev Battery Reuse Market, for Lithium-Titanate Oxide, by Region, 2021-2031 ($Million)
Table 20. Ev Battery Reuse Market for Lithium-Titanate Oxide, by Country, 2021-2031 ($Million)
Table 21. Global Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 22. Ev Battery Reuse Market, for Passenger Cars, by Region, 2021-2031 ($Million)
Table 23. Ev Battery Reuse Market for Passenger Cars, by Country, 2021-2031 ($Million)
Table 24. Ev Battery Reuse Market, for Commercial Vehicles, by Region, 2021-2031 ($Million)
Table 25. Ev Battery Reuse Market for Commercial Vehicles, by Country, 2021-2031 ($Million)
Table 26. Global Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 27. Ev Battery Reuse Market, for Low Speed Vehicles, by Region, 2021-2031 ($Million)
Table 28. Ev Battery Reuse Market for Low Speed Vehicles, by Country, 2021-2031 ($Million)
Table 29. Ev Battery Reuse Market, for Base Stations, by Region, 2021-2031 ($Million)
Table 30. Ev Battery Reuse Market for Base Stations, by Country, 2021-2031 ($Million)
Table 31. Ev Battery Reuse Market, for Ev Charging, by Region, 2021-2031 ($Million)
Table 32. Ev Battery Reuse Market for Ev Charging, by Country, 2021-2031 ($Million)
Table 33. Ev Battery Reuse Market, for Energy Storage, by Region, 2021-2031 ($Million)
Table 34. Ev Battery Reuse Market for Energy Storage, by Country, 2021-2031 ($Million)
Table 35. Ev Battery Reuse Market, by Region, 2021-2031 ($Million)
Table 36. North America Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 37. North America Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 38. North America Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 39. North America Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 40. North America Ev Battery Reuse Market, by Country, 2021-2031 ($Million)
Table 41. U.S. Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 42. U.S. Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 43. U.S. Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 44. U.S. Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 45. Canada Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 46. Canada Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 47. Canada Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 48. Canada Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 49. Mexico Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 50. Mexico Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 51. Mexico Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 52. Mexico Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 53. Europe Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 54. Europe Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 55. Europe Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 56. Europe Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 57. Europe Ev Battery Reuse Market, by Country, 2021-2031 ($Million)
Table 58. Germany Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 59. Germany Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 60. Germany Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 61. Germany Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 62. France Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 63. France Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 64. France Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 65. France Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 66. Italy Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 67. Italy Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 68. Italy Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 69. Italy Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 70. Spain Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 71. Spain Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 72. Spain Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 73. Spain Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 74. UK Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 75. UK Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 76. UK Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 77. UK Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 78. Rest of Europe Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 79. Rest of Europe Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 80. Rest of Europe Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 81. Rest of Europe Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 82. Asia-Pacific Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 83. Asia-Pacific Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 84. Asia-Pacific Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 85. Asia-Pacific Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 86. Asia-Pacific Ev Battery Reuse Market, by Country, 2021-2031 ($Million)
Table 87. China Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 88. China Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 89. China Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 90. China Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 91. Japan Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 92. Japan Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 93. Japan Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 94. Japan Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 95. India Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 96. India Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 97. India Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 98. India Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 99. South Korea Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 100. South Korea Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 101. South Korea Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 102. South Korea Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 103. Australia Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 104. Australia Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 105. Australia Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 106. Australia Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 107. Rest of Asia-Pacific Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 108. Rest of Asia-Pacific Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 109. Rest of Asia-Pacific Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 110. Rest of Asia-Pacific Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 111. LAMEA Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 112. LAMEA Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 113. LAMEA Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 114. LAMEA Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 115. LAMEA Ev Battery Reuse Market, by Country, 2021-2031 ($Million)
Table 116. Brazil Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 117. Brazil Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 118. Brazil Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 119. Brazil Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 120. Saudi Arabia Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 121. Saudi Arabia Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 122. Saudi Arabia Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 123. Saudi Arabia Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 124. South Africa Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 125. South Africa Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 126. South Africa Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 127. South Africa Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 128. Rest of LAMEA Ev Battery Reuse Market, by Source, 2021-2031 ($Million)
Table 129. Rest of LAMEA Ev Battery Reuse Market, by Battery Chemistry, 2021-2031 ($Million)
Table 130. Rest of LAMEA Ev Battery Reuse Market, by Vehicle Type, 2021-2031 ($Million)
Table 131. Rest of LAMEA Ev Battery Reuse Market, by Application, 2021-2031 ($Million)
Table 132. Byd Co, Ltd.: Company Snapshot
Table 133. Byd Co, Ltd.: Operating Segments
Table 134. Byd Co, Ltd.: Product Portfolio
Table 135. Byd Co, Ltd.: Net Sales,
Table 136. Byd Co, Ltd.: Key Strategies
Table 137. Global Battery Solutions, Ltd.: Company Snapshot
Table 138. Global Battery Solutions, Ltd.: Operating Segments
Table 139. Global Battery Solutions, Ltd.: Product Portfolio
Table 140. Global Battery Solutions, Ltd.: Net Sales,
Table 141. Global Battery Solutions, Ltd.: Key Strategies
Table 142. Daimler Ag: Company Snapshot
Table 143. Daimler Ag: Operating Segments
Table 144. Daimler Ag: Product Portfolio
Table 145. Daimler Ag: Net Sales,
Table 146. Daimler Ag: Key Strategies
Table 147. Samsung Sdi Co., Ltd: Company Snapshot
Table 148. Samsung Sdi Co., Ltd: Operating Segments
Table 149. Samsung Sdi Co., Ltd: Product Portfolio
Table 150. Samsung Sdi Co., Ltd: Net Sales,
Table 151. Samsung Sdi Co., Ltd: Key Strategies
Table 152. Lg Chem Ltd.: Company Snapshot
Table 153. Lg Chem Ltd.: Operating Segments
Table 154. Lg Chem Ltd.: Product Portfolio
Table 155. Lg Chem Ltd.: Net Sales,
Table 156. Lg Chem Ltd.: Key Strategies
Table 157. Groupe Psa: Company Snapshot
Table 158. Groupe Psa: Operating Segments
Table 159. Groupe Psa: Product Portfolio
Table 160. Groupe Psa: Net Sales,
Table 161. Groupe Psa: Key Strategies
Table 162. Gs Yuasa Corporation: Company Snapshot
Table 163. Gs Yuasa Corporation: Operating Segments
Table 164. Gs Yuasa Corporation: Product Portfolio
Table 165. Gs Yuasa Corporation: Net Sales,
Table 166. Gs Yuasa Corporation: Key Strategies
Table 167. General Motors: Company Snapshot
Table 168. General Motors: Operating Segments
Table 169. General Motors: Product Portfolio
Table 170. General Motors: Net Sales,
Table 171. General Motors: Key Strategies
Table 172. Toshiba Corporation: Company Snapshot
Table 173. Toshiba Corporation: Operating Segments
Table 174. Toshiba Corporation: Product Portfolio
Table 175. Toshiba Corporation: Net Sales,
Table 176. Toshiba Corporation: Key Strategies
Table 177. Envision Aesc: Company Snapshot
Table 178. Envision Aesc: Operating Segments
Table 179. Envision Aesc: Product Portfolio
Table 180. Envision Aesc: Net Sales,
Table 181. Envision Aesc: Key Strategies
Table 182. Nissan Motor Co., Ltd.: Company Snapshot
Table 183. Nissan Motor Co., Ltd.: Operating Segments
Table 184. Nissan Motor Co., Ltd.: Product Portfolio
Table 185. Nissan Motor Co., Ltd.: Net Sales,
Table 186. Nissan Motor Co., Ltd.: Key Strategies
Table 187. Toyota Motor Corporation: Company Snapshot
Table 188. Toyota Motor Corporation: Operating Segments
Table 189. Toyota Motor Corporation: Product Portfolio
Table 190. Toyota Motor Corporation: Net Sales,
Table 191. Toyota Motor Corporation: Key Strategies
Table 192. Bmw Group: Company Snapshot
Table 193. Bmw Group: Operating Segments
Table 194. Bmw Group: Product Portfolio
Table 195. Bmw Group: Net Sales,
Table 196. Bmw Group: Key Strategies
Table 197. Tesla Inc: Company Snapshot
Table 198. Tesla Inc: Operating Segments
Table 199. Tesla Inc: Product Portfolio
Table 200. Tesla Inc: Net Sales,
Table 201. Tesla Inc: Key Strategies
Table 202. Johnson Controls, Inc.: Company Snapshot
Table 203. Johnson Controls, Inc.: Operating Segments
Table 204. Johnson Controls, Inc.: Product Portfolio
Table 205. Johnson Controls, Inc.: Net Sales,
Table 206. Johnson Controls, Inc.: Key Strategies
Table 207. Lithium Wrecks: Company Snapshot
Table 208. Lithium Wrecks: Operating Segments
Table 209. Lithium Wrecks: Product Portfolio
Table 210. Lithium Wrecks: Net Sales,
Table 211. Lithium Wrecks: Key Strategies
Table 212. Mitsubishi Electric Corporation: Company Snapshot
Table 213. Mitsubishi Electric Corporation: Operating Segments
Table 214. Mitsubishi Electric Corporation: Product Portfolio
Table 215. Mitsubishi Electric Corporation: Net Sales,
Table 216. Mitsubishi Electric Corporation: Key Strategies

List of Figures
Figure 1. Ev Battery Reuse Market Segmentation
Figure 2. Ev Battery Reuse Market, 2021-2031
Figure 3. Ev Battery Reuse Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Ev Battery Reuse Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Ev Battery Reuse Market, By Source, 2021(%)
Figure 15. Comparative Share Analysis of Battery Electric Vehicles (Bevs) Ev Battery Reuse Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Hybrid Electric Vehicle (Hev) Ev Battery Reuse Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Plug-In Hybrid Electric Vehicle (Phev) Ev Battery Reuse Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Fuel Cell Electric Vehicle (Fcev) Ev Battery Reuse Market, 2021-2031(%)
Figure 19. Ev Battery Reuse Market, By Battery Chemistry, 2021(%)
Figure 20. Comparative Share Analysis of Lithium-Iron Phosphate Ev Battery Reuse Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Lithium-Manganese Oxide Ev Battery Reuse Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Lithium-Nickel-Cobalt-Aluminum Oxide Ev Battery Reuse Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Lithium-Nickel-Manganese Cobalt Ev Battery Reuse Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Lithium-Titanate Oxide Ev Battery Reuse Market, 2021-2031(%)
Figure 25. Ev Battery Reuse Market, By Vehicle Type, 2021(%)
Figure 26. Comparative Share Analysis of Passenger Cars Ev Battery Reuse Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Commercial Vehicles Ev Battery Reuse Market, 2021-2031(%)
Figure 28. Ev Battery Reuse Market, By Application, 2021(%)
Figure 29. Comparative Share Analysis of Low Speed Vehicles Ev Battery Reuse Market, 2021-2031(%)
Figure 30. Comparative Share Analysis of Base Stations Ev Battery Reuse Market, 2021-2031(%)
Figure 31. Comparative Share Analysis of Ev Charging Ev Battery Reuse Market, 2021-2031(%)
Figure 32. Comparative Share Analysis of Energy Storage Ev Battery Reuse Market, 2021-2031(%)
Figure 33. Ev Battery Reuse Market by Region, 2021
Figure 34. U.S. Ev Battery Reuse Market, 2021-2031($Million)
Figure 35. Canada Ev Battery Reuse Market, 2021-2031($Million)
Figure 36. Mexico Ev Battery Reuse Market, 2021-2031($Million)
Figure 37. Germany Ev Battery Reuse Market, 2021-2031($Million)
Figure 38. France Ev Battery Reuse Market, 2021-2031($Million)
Figure 39. Italy Ev Battery Reuse Market, 2021-2031($Million)
Figure 40. Spain Ev Battery Reuse Market, 2021-2031($Million)
Figure 41. Uk Ev Battery Reuse Market, 2021-2031($Million)
Figure 42. Rest of Europe Ev Battery Reuse Market, 2021-2031($Million)
Figure 43. China Ev Battery Reuse Market, 2021-2031($Million)
Figure 44. Japan Ev Battery Reuse Market, 2021-2031($Million)
Figure 45. India Ev Battery Reuse Market, 2021-2031($Million)
Figure 46. South Korea Ev Battery Reuse Market, 2021-2031($Million)
Figure 47. Australia Ev Battery Reuse Market, 2021-2031($Million)
Figure 48. Rest of Asia-Pacific Ev Battery Reuse Market, 2021-2031($Million)
Figure 49. Brazil Ev Battery Reuse Market, 2021-2031($Million)
Figure 50. Saudi Arabia Ev Battery Reuse Market, 2021-2031($Million)
Figure 51. South Africa Ev Battery Reuse Market, 2021-2031($Million)
Figure 52. Rest of LAMEA Ev Battery Reuse Market, 2021-2031($Million)
Figure 53. Top Winning Strategies, by Year
Figure 54. Top Winning Strategies, by Development
Figure 55. Top Winning Strategies, by Company
Figure 56. Product Mapping of Top 10 Players
Figure 57. Competitive Dashboard
Figure 58. Competitive Heatmap of Top 10 Key Players
Figure 59. Byd Co, Ltd.: Net Sales, ($Million)
Figure 60. Global Battery Solutions, Ltd.: Net Sales, ($Million)
Figure 61. Daimler A.: Net Sales, ($Million)
Figure 62. Samsung Sdi Co. Lt.: Net Sales, ($Million)
Figure 63. Lg Chem Ltd.: Net Sales, ($Million)
Figure 64. Groupe Ps.: Net Sales, ($Million)
Figure 65. Gs Yuasa Corporatio.: Net Sales, ($Million)
Figure 66. General Motor.: Net Sales, ($Million)
Figure 67. Toshiba Corporatio.: Net Sales, ($Million)
Figure 68. Envision Aes.: Net Sales, ($Million)
Figure 69. Nissan Motor Co. Ltd.: Net Sales, ($Million)
Figure 70. Toyota Motor Corporatio.: Net Sales, ($Million)
Figure 71. Bmw Grou.: Net Sales, ($Million)
Figure 72. Tesla In.: Net Sales, ($Million)
Figure 73. Johnson Controls, Inc.: Net Sales, ($Million)
Figure 74. Lithium Wreck.: Net Sales, ($Million)
Figure 75. Mitsubishi Electric Corporatio.: Net Sales, ($Million)

Executive Summary

According to the report, “EV Battery Reuse Market," the EV battery reuse market was valued at $205.90 million in 2021, and is estimated to reach $3.9 billion by 2031, growing at a CAGR of 34.3% from 2022 to 2031.

EV battery plays a vital role in the electric vehicle, as it provides power for the motor. In recent years, the awareness among the people regarding the environment has led to increase in the demand for electric vehicles. The presence in the demand for electric vehicles led to the release of various policies to make the EV industry sustainable and eco-friendly.

Increase in emphasis on paradigm shift from traditional vehicles to electric vehicles on account of escalating carbon footprint is projected to propel the market demand for EV battery reuse. The EV battery reuse market is anticipated to witness growth on account of rise in energy demand across the globe. The technology finds its applications across energy storage, base stations, low speed vehicles and EV charging stations. Surge in concerns toward energy security coupled with cost saving potential is anticipated to positively compliment the adoption of EV battery reuse market growth during the forecast period.

China is estimated to maintain its dominance in the electric vehicle (EV) battery reuse market, as it is the world's largest EV market. Rise in number of EVs on the road is anticipated to increase the cost of key materials used in batteries. Rise in purchasing power along with shifting trends toward electric mobility is projected to propel the growth of the EV battery reuse market in Asia-Pacific. China, Japan, South Korea, and India are expected to emerge as key markets for repurposed EV batteries owing to the increase in penetration of EVs in these countries. U.S. administration officials said they want the U.S. to become the leading market for electric vehicles by stressing domestic battery recycling. The U.S. government is also looking for ways to reduce metal use in new battery chemistries through efforts in R&D. The above mentioned are the key factors that provide remunerative EV battery reuse market opportunities during the forecast period.

The EV battery reuse market forecast is segmented on the basis of source, battery chemistry, vehicle type, application and region. On the basis of source, it is divided into battery electric vehicles, hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle. On the basis of battery chemistry, the market is classified into Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide, Lithium-Nickel-Manganese Cobalt, and Lithium-Titanate Oxide. On the basis of vehicle type, the market is bifurcated into passenger cars, and commercial vehicles. On the basis of application, the market is categorized into low speed vehicles, base stations, EV charging, and Energy storage. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest EV battery reuse market share, followed by Europe and North America.

Competitive Landscape

The major companies profiled in this report include BYD Co, Ltd., Global Battery Solutions, Ltd., Daimler AG, Samsung SDI Co., Ltd,LG Chem Ltd., Groupe PSA, GS Yuasa Corporation, General Motors, Toshiba Corporation, Envision AESC, Nissan Motor Co., Ltd., Toyota Motor Corporation, BMW Group, Tesla Inc,, Johnson Controls, Inc., Lithium Werks, and Mitsubishi Electric. Due to rapidly development in the electric automotive across the globe has led to the launch of various new products related to EVs which led to increase in the production of EV batteries. Hence to make the EV more sustainable and economic most of the major manufacturers have started to recycle the old batteries which boost the growth of the EV battery reuse market. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the recycling technologies have led to attain key developments in the global EV battery reuse market trends.

Key Findings of the Study

  • Asia-Pacific is projected to exhibit CAGR of 34.9% during 2022-2031.
  • As per global EV battery reuse market analysis, by source, the solid biofuel segment accounted for the largest share in 2021.
  • By battery chemistry, the lithium manganese oxide segment was the leading segment in 2021.
  • By vehicle type, the commercial vehicle segment occupies 64% of total market share
  • By application, the base stations segment hasheld the largest market share in 2021.

Impact of Covid-19 on Global EV Battery Reuse Market

Post pandemic crisis, major electric vehicle manufacturers have launched electric vehicles of various types, as there is a huge demand for eco-friendly automotive after the pandemic outbreak due to increase in awareness among the people toward the environment. Furthermore, the breakthrough in various technologies which are used in the EVs is another factor boosting the growth of the EV industry.

Companies Mentioned

  • BYD Co, Ltd.
  • Global Battery Solutions, Ltd.
  • Daimler AG
  • Samsung SDI Co., Ltd
  • LG Chem Ltd.
  • Groupe PSA
  • GS Yuasa Corporation
  • General Motors
  • Toshiba Corporation
  • Envision AESC
  • Nissan Motor Co., Ltd.
  • Toyota Motor Corporation
  • BMW Group
  • Tesla Inc
  • Johnson Controls, inc.
  • Lithium Wrecks
  • Mitsubishi Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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