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Second-life EV Batteries Market - Global Second-life EV Batteries Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030

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    Report

  • 360 Pages
  • August 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5878127

Pioneering a Sustainable Energy Future with Recycled EV Batteries

The global second-life electric vehicle (EV) batteries market is set to experience substantial growth, with a robust Compound Annual Growth Rate (CAGR) of approximately 4% anticipated during the period from 2023 to 2030. By the conclusion of 2030, the market is poised to attain a significant valuation, approaching the US$9 billion mark. These used EV batteries, while no longer suitable for vehicular use, find new life in stationary energy systems, offering a sustainable solution for harnessing wind and solar power. Even after six to eight years of service in EVs, lithium-ion batteries retain more than two-thirds of their usable energy storage capacity, extending their utility for an additional five to eight years across diverse applications.

Charting the Path for Second-Life EV Batteries

Recycling and Sustainable Energy Solutions

The second-life EV batteries market revolves around the effective recycling of EV batteries and the recovery of critical components from retired batteries. These batteries, often overlooked when they've reached their automotive end-of-life, become reliable and cost-effective power sources for urban and rural areas. The demand for second-hand EV batteries is expected to surge due to the implementation of recycling and reuse mandates, coupled with the adoption of blockchain traceability management platforms.

Key Insights from the Report

  • The second-life electric vehicle batteries market is poised for significant value expansion between 2023 and 2030.
  • Smart grid installations and the increasing adoption of electric vehicles are the primary driving forces behind this industry's growth.
  • Lithium-ion batteries continue to dominate the second-life electric vehicle batteries market by battery type.
  • In 2022, the EV charging category secured the largest market revenue share, highlighting its significance.
  • Commercial vehicles held the lion's share of the second-life electric vehicle batteries market revenue in 2022.
  • Asia Pacific will maintain its leadership position, while North America will experience the most substantial growth until 2030.

Driving Forces Behind the Market

The Electric Vehicle Revolution

The electric car industry has undergone a transformative decade, witnessing a surge in electric car sales with no signs of slowing down. This exponential growth has amplified the demand for EV batteries. However, the disposal of these batteries poses significant environmental challenges. To address this, used EV batteries are now being recycled and repurposed after completing their vehicular life cycle. The global second-life EV batteries market is poised for continued growth, driven by the increasing popularity of electric vehicles throughout the forecast period.

Leading EV manufacturers are strategically recycling EV batteries for various energy storage applications, ranging from residential to large-scale commercial projects. Waste management companies are partnering with automakers to assess the viability of EV battery packs for second-life applications. Well-established automotive companies are actively involved in creating second-life solutions as part of their commitment to establishing closed-loop systems that ensure all vehicle components are recycled efficiently.

Embracing Green Energy

Repurposing EV batteries for a second life contributes to waste reduction and helps alleviate the ongoing depletion of critical minerals such as cobalt, lithium, and nickel. The extraction of these minerals is known for its environmental impact, particularly in terms of water consumption. Utilizing retired EV batteries in energy storage solutions reduces the reliance on unsustainable mining practices for battery materials. The optimal scenario for reusing EV batteries is when they still possess 70% to 80% of their original capacity upon retirement. Applications that do not require maximum capacity, such as stationary energy storage, can effectively utilize the remaining battery capacity. Repurposing EV batteries for secondary applications has the potential to reduce CO2 emissions by as much as 56% compared to natural gas, particularly during peak demand periods. Concerns about ozone layer depletion and mineral resource exhaustion have fueled the use of EV batteries in storage solutions.

Challenges to Growth

Limitations in Stationary Applications

The most common use for retired EV batteries is in stationary applications. This choice is based on the stringent demands placed on mobile applications, which require extended range, high energy density, and rapid charging capabilities. Over time, as a battery's capacity diminishes and internal resistance increases, it may no longer meet the requirements for mobile applications. When solely considering these factors, stationary applications emerge as the most suitable and beneficial use for retired vehicle batteries.

Key Market Segments

Lithium-ion Batteries Take the Lead

Lithium-ion batteries are projected to dominate the second-life electric vehicle batteries market throughout the forecast period. These batteries offer significant energy storage capacity while remaining lightweight, making them ideal for electric vehicles. Electric car sales have consistently surpassed expectations, with a notable upswing since 2020.

Europe, in particular, has shown remarkable progress, with an estimated 200 GWh of electric vehicle and lithium-ion battery capacity in 2020, expected to rise to 600 GWh by 2021. The surge in demand for electric vehicles has led to intense competition among various EV manufacturers, including Tesla, Volkswagen, GM, SK Innovation, and LG Chem.

Commercial Vehicles Drive Market Growth

The commercial vehicle segment is set to dominate the second-life electric vehicle batteries market during the forecast period. Increasing demand for electric commercial vehicles, driven by government regulations to reduce vehicle emissions and growing consumer awareness of the environmental benefits of electric vehicles, is a major catalyst for the segment's rapid expansion. Favorable government initiatives, declining energy prices, and rising fossil fuel costs are also contributing to the increased demand for electric commercial vehicles.

Growth Opportunities Across Regions

Asia Pacific Leads the Charge

The Asia Pacific region is positioned to deliver the most robust performance in the second-life electric vehicle batteries market. China stands at the forefront, exhibiting significant demand for retired EV batteries in the Asia Pacific region. The rapid expansion of the electric vehicle market in Asia Pacific is a primary driver of the soaring demand for second-life EV batteries.

The growth of the second-life EV battery industry in this region can be attributed to the progressive actions of rapidly developing Asian nations like China and India. These countries are committed to achieving the goals set forth at COP26, focusing on increased renewable energy utilization and reduced carbon emissions. Several developing countries in the region lack sufficient regulations for managing end-of-life batteries, underscoring the need for legislation to govern the practical utilization of retired EV batteries.

North America on a Rapid Growth Trajectory

North America's second-life electric vehicle batteries market is poised to exhibit a significant CAGR during the forecast period. Environmental conservation efforts and the rising demand for energy storage systems across various sectors are driving market growth in this region. The United States leads the way in North America, while Canada is expected to experience moderate demand growth for retired EV batteries in the coming years.

Second-Life Electric Vehicle Batteries Market: Competitive Landscape

Leading players at the forefront of the second-life electric vehicle batteries market include Enel X S.R.L, Nissan Motors Corporation, Fortum, Renault Group, BeePlanet Factory, Mercedes-Benz Group AG, RWE, Mitsubishi Motors Corporation, Hyundai Motor Company, BELECTRIC, BYD Co. Ltd., BMW, Beijing Electric Vehicle, Proterra, Inc., Rivian Automotive, Inc., and Morris Garages (MG). These innovators are actively shaping the future of sustainable energy solutions through the reuse of EV batteries.

Table of Contents

1. Executive Summary
1.1. Global Second-life Electric Vehicle Batteries Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
3.1. Global Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Lithium-Ion
3.1.1.2. Lead Acid
3.1.1.3. Sodium-Ion
3.1.1.4. Nickel
3.1.1.5. Other
3.2. Global Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. Electric Vehicle Charging
3.2.1.2. Commercial and Industrial Energy Storage
3.2.1.3. Grid Charging
3.2.1.4. Residential Energy Storage
3.2.1.5. Off-grid
3.2.1.6. Other
3.3. Global Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. Passenger Cars
3.3.1.2. Commercial Vehicles
3.4. Global Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
3.4.1. Key Highlights
3.4.1.1. 3.4.1.2. 100-200 kWh
3.4.1.3. 200-300 kWh
3.4.1.4. >300 kWh
3.5. Global Second-life Electric Vehicle Batteries Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
3.5.1. Key Highlights
3.5.1.1. North America
3.5.1.2. Europe
3.5.1.3. Asia Pacific
3.5.1.4. Latin America
3.5.1.5. Middle East & Africa
4. North America Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
4.1. North America Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Lithium-Ion
4.1.1.2. Lead Acid
4.1.1.3. Sodium-ion
4.1.1.4. Nickel
4.1.1.5. Other
4.2. North America Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Electric Vehicle Charging
4.2.1.2. Commercial and Industrial Energy Storage
4.2.1.3. Grid Charging
4.2.1.4. Residential Energy Storage
4.2.1.5. Off-grid
4.2.1.6. Other
4.3. North America Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. Passenger Cars
4.3.1.2. Commercial Vehicles
4.4. North America Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. 4.4.1.2. 100-200 kWh
4.4.1.3. 200-300 kWh
4.4.1.4. >300 kWh
4.4.2. Market Attractiveness Analysis
4.5. North America Second-life Electric Vehicle Batteries Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
4.5.1. Key Highlights
4.5.1.1. U.S. Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
4.5.1.2. U.S. Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
4.5.1.3. U.S. Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
4.5.1.4. U.S. Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
4.5.1.5. Canada Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
4.5.1.6. Canada Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
4.5.1.7. Canada Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
4.5.1.8. Canada Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
4.5.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
5.1. Europe Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Lithium-Ion
5.1.1.2. Lead Acid
5.1.1.3. Sodium-ion
5.1.1.4. Nickel
5.1.1.5. Other
5.2. Europe Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Electric Vehicle Charging
5.2.1.2. Commercial and Industrial Energy Storage
5.2.1.3. Grid Charging
5.2.1.4. Residential Energy Storage
5.2.1.5. Off-grid
5.2.1.6. Other
5.3. Europe Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Passenger Cars
5.3.1.2. Commercial Vehicles
5.4. Europe Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. 5.4.1.2. 100-200 kWh
5.4.1.3. 200-300 kWh
5.4.1.4. >300 kWh
5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Europe Second-life Electric Vehicle Batteries Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
5.5.1. Key Highlights
5.5.1.1. Germany Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.2. Germany Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.3. Germany Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.4. Germany Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.5. U.K. Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.6. U.K. Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.7. U.K. Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.8. U.K. Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.9. France Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.10. France Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.11. France Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.12. France Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.13. Italy Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.14. Italy Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.15. Italy Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.16. Italy Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.17. Turkey Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.18. Turkey Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.19. Turkey Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.20. Turkey Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.21. Russia Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.22. Russia Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.23. Russia Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.24. Russia Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.1.25. Rest of Europe Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
5.5.1.26. Rest of Europe Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
5.5.1.27. Rest of Europe Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
5.5.1.28. Rest of Europe Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
5.5.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
6.1. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Lithium-Ion
6.1.1.2. Lead Acid
6.1.1.3. Sodium-ion
6.1.1.4. Nickel
6.1.1.5. Other
6.2. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Electric Vehicle Charging
6.2.1.2. Commercial and Industrial Energy Storage
6.2.1.3. Grid Charging
6.2.1.4. Residential Energy Storage
6.2.1.5. Off-grid
6.2.1.6. Other
6.3. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Passenger Cars
6.3.1.2. Commercial Vehicles
6.4. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. 6.4.1.2. 100-200 kWh
6.4.1.3. 200-300 kWh
6.4.1.4. >300 kWh
6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. Asia Pacific Second-life Electric Vehicle Batteries Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
6.5.1. Key Highlights
6.5.1.1. China Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.2. China Second-life Electric Vehicle Batteries Market Application, Value (US$ Bn), 2018 - 2030
6.5.1.3. China Second-life Electric Vehicle Batteries Market Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.4. China Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.1.5. Japan Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.6. Japan Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
6.5.1.7. Japan Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.8. Japan Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.1.9. South Korea Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.10. South Korea Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
6.5.1.11. South Korea Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.12. South Korea Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.1.13. India Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.14. India Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
6.5.1.15. India Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.16. India Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.1.17. Southeast Asia Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.18. Southeast Asia Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
6.5.1.19. Southeast Asia Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.20. Southeast Asia Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.1.21. Rest of Asia Pacific Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
6.5.1.22. Rest of Asia Pacific Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
6.5.1.23. Rest of Asia Pacific Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
6.5.1.24. Rest of Asia Pacific Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
6.5.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
7.1. Latin America Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Lithium-Ion
7.1.1.2. Lead Acid
7.1.1.3. Sodium-ion
7.1.1.4. Nickel
7.1.1.5. Other
7.2. Latin America Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Electric Vehicle Charging
7.2.1.2. Commercial and Industrial Energy Storage
7.2.1.3. Grid Charging
7.2.1.4. Residential Energy Storage
7.2.1.5. Off-grid
7.2.1.6. Other
7.3. Latin America Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Passenger Cars
7.3.1.2. Commercial Vehicles
7.4. Latin America Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. 7.4.1.2. 100-200 kWh
7.4.1.3. 200-300 kWh
7.4.1.4. >300 kWh
7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Latin America Second-life Electric Vehicle Batteries Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
7.5.1. Key Highlights
7.5.1.1. Brazil Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
7.5.1.2. Brazil Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
7.5.1.3. Brazil Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
7.5.1.4. Brazil Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
7.5.1.5. Mexico Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
7.5.1.6. Mexico Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
7.5.1.7. Mexico Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
7.5.1.8. Mexico Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
7.5.1.9. Argentina Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
7.5.1.10. Argentina Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
7.5.1.11. Argentina Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
7.5.1.12. Argentina Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
7.5.1.13. Rest of Latin America Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
7.5.1.14. Rest of Latin America Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
7.5.1.15. Rest of Latin America Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
7.5.1.16. Rest of Latin America Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
7.5.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, 2018 - 2030
8.1. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Lithium-Ion
8.1.1.2. Lead Acid
8.1.1.3. Sodium-ion
8.1.1.4. Nickel
8.1.1.5. Other
8.2. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Electric Vehicle Charging
8.2.1.2. Commercial and Industrial Energy Storage
8.2.1.3. Grid Charging
8.2.1.4. Residential Energy Storage
8.2.1.5. Off-grid
8.2.1.6. Other
8.3. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Passenger Cars
8.3.1.2. Commercial Vehicles
8.4. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. 8.4.1.2. 100-200 kWh
8.4.1.3. 200-300 kWh
8.4.1.4. >300 kWh
8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Middle East & Africa Second-life Electric Vehicle Batteries Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
8.5.1. Key Highlights
8.5.1.1. GCC Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
8.5.1.2. GCC Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
8.5.1.3. GCC Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.5.1.4. GCC Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.5.1.5. South Africa Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
8.5.1.6. South Africa Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
8.5.1.7. South Africa Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.5.1.8. South Africa Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.5.1.9. Egypt Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
8.5.1.10. Egypt Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
8.5.1.11. Egypt Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.5.1.12. Egypt Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.5.1.13. Nigeria Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
8.5.1.14. Nigeria Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
8.5.1.15. Nigeria Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.5.1.16. Nigeria Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.5.1.17. Rest of Middle East & Africa Second-life Electric Vehicle Batteries Market by Type, Value (US$ Bn), 2018 - 2030
8.5.1.18. Rest of Middle East & Africa Second-life Electric Vehicle Batteries Market by Application, Value (US$ Bn), 2018 - 2030
8.5.1.19. Rest of Middle East & Africa Second-life Electric Vehicle Batteries Market, by Vehicle Type, Value (US$ Bn), 2018 - 2030
8.5.1.20. Rest of Middle East & Africa Second-life Electric Vehicle Batteries Market, by Battery Capacity, Value (US$ Bn), 2018 - 2030
8.5.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs Vehicle Type Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Enel X S.R.L.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Fortum
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Nissan Motors Corporation
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Renault Group
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Mercedes-Benz Group AG
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. BeePlanet Factory
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. RWE
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Hyundai Motor Company
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Mitsubishi Motors Corporation
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. BELECTRIC
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. BMW
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. BYD Co. Ltd.
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
9.4.13. Beijing Electric Vehicle
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Development
9.4.14. Rivian Automotive, Inc.
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Development
9.4.15. Proterra, Inc.
9.4.15.1. Company Overview
9.4.15.2. Product Portfolio
9.4.15.3. Financial Overview
9.4.15.4. Business Strategies and Development
9.4.16. Morris Garages (MG)
9.4.16.1. Company Overview
9.4.16.2. Product Portfolio
9.4.16.3. Financial Overview
9.4.16.4. Business Strategies and Development
9.5. Appendix
9.6. Research Methodology
9.7. Report Assumptions
9.8. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Enel X S.R.L.
  • Fortum
  • Nissan Motors Corporation
  • Renault Group
  • Mercedes-Benz Group AG
  • BeePlanet Factory
  • RWE
  • Hyundai Motor Company
  • Mitsubishi Motors Corporation
  • BELECTRIC
  • BMW
  • BYD Co. Ltd.
  • Beijing Electric Vehicle
  • Rivia

Methodology

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