Second-life EV Battery Market

Second Life EV Battery Market [Application: EV Charging, Grid Connected, Renewable Energy Storage, and Power Backup) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Second Life EV Battery Market Outlook 2031

  • The global second life EV battery market was valued at US$ 252.2 Mn in 2021
  • It is estimated to advance at a CAGR of 44.7% from 2022 to 2031
  • The global second life EV battery market is expected to reach US$ 9.93 Bn by the end of 2031

Analysts’ Viewpoint on Second Life EV Battery Market Scenario

Electric vehicle battery is often used in harsh environments. As a result, it loses its original capacity by 20% to 30% after a few years. These batteries are often reused or recycled, owing to the increase in environmental awareness and presence of stringent government regulations. Various companies across the globe are seeking effective ways to use these batteries in applications such as stationary energy storage. Emerging countries such as India and China have signed the Paris Agreement, which requires countries to decrease carbon footprint and greenhouse gas emissions by reducing their dependence on fossil fuels. This is expected to drive the demand for second life EV batteries. Thus, the future of second life EV battery market appears promising.

Global Second Life Ev Battery Market

Global Second Life EV Battery Market Introduction

Second life batteries are ones that have reached the end of their life, but can still be used in stationary systems, in combination with renewable energy sources such as wind and solar. Lithium batteries used in EVs retain more than two-third of their usable energy storage after six to eight years. Depending on their condition, old electric vehicle batteries can deliver an additional five to eight years of service in a secondary application. EV battery second life is subject to effective recycling or recovery of critical materials from used batteries.

Second life battery storage can act as a reliable and affordable power source for people residing in urban and remote areas. Growth of the second life EV battery market can be ascribed to initiatives of emerging economies such as China and India to achieve COP26 goals ‒ increasing renewable energy usage and reducing carbon emissions. Currently, several emerging countries do not have proper guidelines for end-of-life battery management. These countries need to formulate guidelines that would cover the feasibility of using second life EV batteries. This could be done by encouraging startups and OEMs to carry out R&D in second life EV batteries. Furthermore, implementation of testing mandates for recycling and reuse of second life batteries, and increase in adoption of the blockchain traceability management platform are expected to drive the usage of second life EV batteries.

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Rise in Sales of Electric Vehicles Propelling Global Second Life EV Battery Market

Significant developments have taken place in the electric vehicle sector in the last decade. Sales of electric vehicles have increased substantially and are expected to rise further during the forecast period. This is likely to augment the usage of batteries in EVs. However, disposal of these batteries entails various environmental challenges. This has led to reuse and recycling of batteries after the completion of their lifecycle. Thus, increase in demand for electric vehicles is estimated to propel the global second life EV battery market during the forecast period.

Key EV manufacturers are using second life EV batteries in various energy storage systems across industries, ranging from small residential establishments to large commercial establishments. For instance, in 2020, Honda Europe formed a strategic partnership with Société Nouvelle d’Affinage des Métaux (SNAM), a waste management company. According to the agreement, SNAM will assess the second life usability of batteries from Honda EVs. The company will then determine the reusability of EV batteries for applications such as energy storage for domestic and industrial use.

Prominent car manufacturers have also committed to develop second life applications for high-voltage batteries as part of creating a closed-loop system that ensures all materials in cars are recycled. Working with BatteryLoop, Volvo is developing EV batteries that can be reused in solar energy storage systems to power charging points for cars and bikes. Thus, rise in adoption of second life EV batteries in energy storage systems is expected to drive the second life battery market during the forecast period.

Increase in Emphasis on Environment Protection and Adoption of Green Energy

Second life batteries can reduce the amount of waste and also prevent additional depletion of minerals such as cobalt, lithium, and nickel. Lithium extraction has adverse effects on the environment, as the process is water intensive. Widespread adoption of second life batteries can help meet the increase in demand for energy storage without excessive mining of battery materials in unsustainable ways.

EV batteries are either discarded, reused, or recycled once they reach their used capacity. Reuse of EV batteries is ideal, as batteries retain 70% to 80% of their capacity after retiring from EVs. This remaining capacity is suitable for less challenging applications such as stationary storage. Reuse of EV batteries for second-life applications could contribute to 56% reduction in CO2 emissions compared to natural fuel gas, especially during peak demand.

Rise in concerns over depletion of minerals as well as the ozone layer has prompted EV manufacturers to increase the adoption of second life electric vehicle batteries in storage solutions. For instance, in June 2018, Wärtsilä, a Finland-based energy-solution provider, signed an agreement with Hyundai Motor Group, an automobile producer, to establish a commercial partnership for the use of second life electric vehicle batteries in storage solutions.

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Regional Outlook of Global Second Life EV Battery Market

According to the research report on second life EV battery market, Asia Pacific is witnessing high demand for second life EV battery primarily due to the significant growth of the electric vehicle industry in the region. Asia Pacific dominated the global second life EV battery market with 36.9% share in 2021. Its share is expected to rise during the forecast period. China accounts for major share of the second life EV battery market in Asia Pacific.

The market in North America and Europe is expected to grow at a moderate pace during the forecast period owing to the rise in demand for energy storage systems in various industries and increase in emphasis on environmental protection in these regions. The U.S. accounts for major share of the market in North America, while demand for second life EV batteries in Canada is projected to rise at a moderate pace during the forecast period.

Analysis of Key Players in Global Second Life EV Battery Market

The global second life EV battery market is consolidated, with a small number of large-scale vendors controlling majority of the share. Top market players of second life EV battery market are focused on investments in R&D of environment-friendly products. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Enel X S.r.l., Nissan Motors Corporation, Fortum, Renault Group, Mercedes-Benz Group, Hyundai Motor Company, RWE, Mitsubishi Motors Corporation, BELECTRIC, and BeePlanet Factory are prominent entities operating in the market.

Key Developments in Global Second Life EV Battery Market

  • On March 14, 2022, Bosch, Mitsubishi, and Blue Park signed an agreement to use second life electric vehicle batteries. According to the agreement, Blue Park will contribute to the battery swap platform as a central element of the cooperation. Bosch will contribute its battery-in-the-cloud technology, while Mitsubishi will facilitate the commercialization capability. Bosch and Mitsubishi Corporation expect this move to drive electrification of commercial vehicles and adoption of battery as a service.
  • On August 5, 2021, Underwriters Laboratories (UL), a global safety science leader, and Hyundai Motor Company entered into an agreement for safe deployment and usage of second life battery energy storage systems (SLBESS). UL and Hyundai will collaborate on SLBESS initiatives, including safety testing and assessment, a North America demonstration project, and evaluation process development.

Each of these players has been profiled in the second life EV battery market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Second Life EV Battery Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 252.2 Mn

Market Forecast Value in 2031

US$ 9.93 Bn

Growth Rate

(CAGR)

44.7%

Forecast Period

2022–2031

Historical Data Available for

2020

Quantitative Units

US$ Mn/Bn for Value & Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • End-use
    • Commercial
    • Residential
    • Industrial
  • Application
    • EV Charging
    • Grid Connected
    • Renewable Energy Storage
    • Power Backup
      • Telecom
      • Gas Turbine Power Plant
      • UPS
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profiled

  • Enel X S.r.l.
  • Nissan Motors Corporation
  • Fortum
  • Renault Group
  • Mercedes-Benz Group
  • Hyundai Motor Company
  • RWE
  • Mitsubishi Motors Corporation
  • BELECTRIC
  • BeePlanet Factory

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the second life EV battery market in 2021?

The global second life EV battery market stood at US$ 252.2 Mn in 2021

How is the market expected to grow by 2031?

The global second life EV battery market is expected to advance at a CAGR of 44.7% from 2022 to 2031

What are the key drivers of the second life EV battery market?

Rise in sales of electric vehicles and increase in emphasis on environment protection

Which is the largest segment in the second life EV battery market?

The power backup segment accounted for the largest share of 47.0% of the global second life EV battery market in 2021

Which region was the most lucrative in the second life EV battery market?

Asia Pacific was the most lucrative region of the second life EV battery market in 2021

Who are the prominent players in the second life EV battery market?

Enel X S.r.l, Nissan Motors Corporation, Fortum, Renault Group, Mercedes-Benz Group, Hyundai Motor Company, RWE, Mitsubishi Motors Corporation, BELECTRIC, and BeePlanet Factory

    1. Executive Summary

        1.1. Second Life EV Battery Market Snapshot

        1.2. Key Market Trends

        1.3. Current Market and Future Potential

        1.4. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Indicators

        2.3. Market Definitions

        2.4. Market Dynamics

            2.4.1. Drivers

            2.4.2. Restraints

            2.4.3. Opportunities

        2.5. Porter’s Five Forces Analysis

        2.6. Value Chain Analysis

            2.6.1. List of Manufacturers

            2.6.2. List of Potential Customers

        2.7. Production Analysis/ Route of Synthesis

        2.8. Cost Analysis

        2.9. Product Specification Analysis

    3. COVID-19 Impact Analysis

    4. Second Life EV Battery Market Production Outlook

    5. Second Life EV Battery Price Trend Analysis, 2022–2031

        5.1. By Region

    6. Global Second Life EV Battery Market Analysis and Forecast, by End-use, 2022–2031

        6.1. Introduction and Definitions

        6.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            6.2.1. Commercial

            6.2.2. Residential

            6.2.3. Industrial

        6.3. Global Second Life EV Battery Market Attractiveness, by End-use

    7. Global Second Life EV Battery Market Analysis and Forecast, by Application, 2022–2031

        7.1. Introduction and Definitions

        7.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            7.2.1. EV Charging

            7.2.2. Grid Connected

            7.2.3. Renewable Energy Storage

            7.2.4. Power Backup

                7.2.4.1. Telecom

                7.2.4.2. Gas Turbine Power Plant

                7.2.4.3. UPS

            7.2.5. Others

        7.3. Global Second Life EV Battery Market Attractiveness, by Application

    8. Global Second Life EV Battery Market Analysis and Forecast, by Region, 2022–2031

        8.1. Key Findings

        8.2. Global Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Region, 2022–2031

            8.2.1. North America

            8.2.2. Europe

            8.2.3. Asia Pacific

            8.2.4. Latin America

            8.2.5. Middle East & Africa

        8.3. Global Second Life EV Battery Market Attractiveness, by Region

    9. North America Second Life EV Battery Market Analysis and Forecast, 2022–2031

        9.1. Key Findings

        9.2. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        9.3. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.4. North America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country, 2022–2031

            9.4.1. U.S. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            9.4.2. U.S. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            9.4.3. Canada Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            9.4.4. Canada Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        9.5. North America Second Life EV Battery Market Attractiveness Analysis

    10. Europe Second Life EV Battery Market Analysis and Forecast, 2022–2031

        10.1. Key Findings

        10.2. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        10.3. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.4. Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

            10.4.1. Germany Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.2. Germany Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.3. France Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.4. France Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.5. U.K. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.6. U.K. Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.7. Italy Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.8. Italy Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.9. Spain Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.10. Spain Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.11. Russia & CIS Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.12. Russia & CIS Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            10.4.13. Rest of Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            10.4.14. Rest of Europe Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        10.5. Europe Second Life EV Battery Market Attractiveness Analysis

    11. Asia Pacific Second Life EV Battery Market Analysis and Forecast, 2022–2031

        11.1. Key Findings

        11.2. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        11.3. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.4. Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

            11.4.1. China Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            11.4.2. China Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            11.4.3. Japan Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            11.4.4. Japan Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            11.4.5. India Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            11.4.6. India Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            11.4.7. ASEAN Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            11.4.8. ASEAN Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            11.4.9. Rest of Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            11.4.10. Rest of Asia Pacific Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        11.5. Asia Pacific Second Life EV Battery Market Attractiveness Analysis

    12. Latin America Second Life EV Battery Market Analysis and Forecast, 2022–2031

        12.1. Key Findings

        12.2. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        12.3. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.4. Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

            12.4.1. Brazil Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            12.4.2. Brazil Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            12.4.3. Mexico Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            12.4.4. Mexico Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            12.4.5. Rest of Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            12.4.6. Rest of Latin America Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        12.5. Latin America Second Life EV Battery Market Attractiveness Analysis

    13. Middle East & Africa Second Life EV Battery Market Analysis and Forecast, 2022–2031

        13.1. Key Findings

        13.2. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

        13.3. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        13.4. Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

            13.4.1. South Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            13.4.2. South Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            13.4.3. GCC Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            13.4.4. GCC Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

            13.4.5. Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by End-use, 2022–2031

            13.4.6. Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) and Value (US$ Mn) Forecast, by Application, 2022–2031

        13.5. Middle East & Africa Second Life EV Battery Market Attractiveness Analysis

    14. Competition Landscape

        14.1. Global Second Life EV Battery Company Market Share Analysis, 2021

        14.2. Competition Matrix

        14.3. Market Footprint Analysis

            14.3.1. By End-use

            14.3.2. By Application

        14.4. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

            14.4.1. Enel X S.r.l

                14.4.1.1. Company Description

                14.4.1.2. Business Overview

                14.4.1.3. Financial Details

                14.4.1.4. Strategic Overview

            14.4.2. Nissan Motors Corporation

                14.4.2.1. Company Description

                14.4.2.2. Business Overview

                14.4.2.3. Financial Details

                14.4.2.4. Strategic Overview

            14.4.3. Fortum

                14.4.3.1. Company Description

                14.4.3.2. Business Overview

            14.4.4. Renault Group

                14.4.4.1. Company Description

                14.4.4.2. Business Overview

            14.4.5. Mercedes-Benz Group

                14.4.5.1. Company Description

                14.4.5.2. Business Overview

            14.4.6. Hyundai Motor Company

                14.4.6.1. Company Description

                14.4.6.2. Business Overview

            14.4.7. RWE

                14.4.7.1. Company Description

                14.4.7.2. Business Overview

            14.4.8. Mitsubishi Motors Corporation

                14.4.8.1. Company Description

                14.4.8.2. Business Overview

            14.4.9. BELECTRIC

                14.4.9.1. Company Description

                14.4.9.2. Business Overview

            14.4.10. BeePlanet Factory

                14.4.10.1. Company Description

                14.4.10.2. Business Overview

    15. Primary Research: Key Insights

    16. Appendix

    List of Tables

    Table 1: Global Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 2: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 3: Global Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 4: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 5: Global Second Life EV Battery Market Volume (Units) Forecast, by Region, 2022–2031

    Table 6: Global Second Life EV Battery Market Value (US$ Mn) Forecast, by Region, 2022–2031

    Table 7: North America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 8: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 9: North America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 10: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 11: North America Second Life EV Battery Market Volume (Units) Forecast, by Country, 2022–2031

    Table 12: North America Second Life EV Battery Market Value (US$ Mn) Forecast, by Country, 2022–2031

    Table 13: U.S. Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 14: U.S. Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 15: U.S. Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 16: U.S. Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 17: Canada Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 18: Canada Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 19: Canada Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 20: Canada Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 21: Europe Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 22: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 23: Europe Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 24: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 25: Europe Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 26: Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 27: Germany Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 28: Germany Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 29: Germany Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 30: Germany Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 31: U.K. Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 32: U.K. Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 33: U.K. Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 34: U.K. Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 35: France Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 36: France Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 37: France Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 38: France Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 39: Italy Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 40: Italy Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 41: Italy Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 42: Italy Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 43: Spain Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 44: Spain Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 45: Spain Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 46: Spain Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 47: Russia & CIS Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 48: Russia & CIS Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 49: Russia & CIS Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 50: Russia & CIS Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 51: Rest of Europe Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 52: Rest of Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 53: Rest of Europe Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 54: Rest of Europe Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 55: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 56: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 57: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 58: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 59: Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 60: Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 61: China Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 62: China Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 63: China Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 64: China Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 65: Japan Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 66: Japan Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 67: Japan Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 68: Japan Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 69: India Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 70: India Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 71: India Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 72: India Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 73: ASEAN Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 74: ASEAN Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 75: ASEAN Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 76: ASEAN Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 77: Rest of Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 78: Rest of Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 79: Rest of Asia Pacific Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 80: Rest of Asia Pacific Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 81: Latin America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 82: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 83: Latin America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 84: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 85: Latin America Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 86: Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 87: Brazil Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 88: Brazil Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 99: Brazil Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 100: Brazil Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 101: Mexico Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 102: Mexico Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 103: Mexico Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 104: Mexico Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 105: Rest of Latin America Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 106: Rest of Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 107: Rest of Latin America Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 108: Rest of Latin America Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 109: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 110: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 111: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 112: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 113: Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Country and Sub-region, 2022–2031

    Table 114: Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Country and Sub-region, 2022–2031

    Table 115: GCC Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 116: GCC Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 117: GCC Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 118: GCC Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 119: South Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 120: South Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 121: South Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 122: South Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    Table 123: Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by End-use, 2022–2031

    Table 124: Rest of Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by End-use, 2022–2031

    Table 125: Rest of Middle East & Africa Second Life EV Battery Market Volume (Units) Forecast, by Application, 2022–2031

    Table 126: Rest of Middle East & Africa Second Life EV Battery Market Value (US$ Mn) Forecast, by Application, 2022–2031

    List of Figures

    Figure 1: Global Second Life EV Battery Price Trend, by Application, 2022–2031 (US$/Ton)

    Figure 2: Global Second Life EV Battery Price Trend, by Region, 2022–2031 (US$/Ton)

    Figure 3: Global Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 4: Global Second Life EV Battery Market Attractiveness, by End-use

    Figure 5: Global Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 6: Global Second Life EV Battery Market Attractiveness, by Application

    Figure 7: Global Second Life EV Battery Market Volume Share, by Region, 2021, 2025, and 2031

    Figure 8: Global Second Life EV Battery Market Attractiveness, by Region

    Figure 9: North America Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 10: North America Second Life EV Battery Market Attractiveness, by End-use

    Figure 11: North America Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 12: North America Second Life EV Battery Market Attractiveness, by Application

    Figure 13: North America Second Life EV Battery Market Volume Share, by Country, 2021, 2025, and 2031

    Figure 14: North America Second Life EV Battery Market Attractiveness, by Country

    Figure 15: Europe Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 16: Europe Second Life EV Battery Market Attractiveness, by End-use

    Figure 17: Europe Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 18: Europe Second Life EV Battery Market Attractiveness, by Application

    Figure 19: Europe Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

    Figure 20: Europe Second Life EV Battery Market Attractiveness, by Country and Sub-region

    Figure 21: Asia Pacific Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 22: Asia Pacific Second Life EV Battery Market Attractiveness, by End-use

    Figure 23: Asia Pacific Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 24: Asia Pacific Second Life EV Battery Market Attractiveness, by Application

    Figure 25: Asia Pacific Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

    Figure 26: Asia Pacific Second Life EV Battery Market Attractiveness, by Country and Sub-region

    Figure 27: Latin America Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 28: Latin America Second Life EV Battery Market Attractiveness, by End-use

    Figure 29: Latin America Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 30: Latin America Second Life EV Battery Market Attractiveness, by Application

    Figure 31: Latin America Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

    Figure 32: Latin America Second Life EV Battery Market Attractiveness, by Country and Sub-region

    Figure 33: Middle East & Africa Second Life EV Battery Market Volume Share, by End-use, 2021, 2025, and 2031

    Figure 34: Middle East & Africa Second Life EV Battery Market Attractiveness, by End-use

    Figure 35: Middle East & Africa Second Life EV Battery Market Volume Share, by Application, 2021, 2025, and 2031

    Figure 36: Middle East & Africa Second Life EV Battery Market Attractiveness, by Application

    Figure 37: Middle East & Africa Second Life EV Battery Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

    Figure 38: Middle East & Africa Second Life EV Battery Market Attractiveness, by Country and Sub-region

    Figure 39: Global Second Life EV Battery Market Share Analysis, by Company, 2020

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