Market Overview:
The global EV battery reuse market is expected to grow at a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for electric vehicles and the growing need for energy storage. In terms of type, the BEV segment is expected to dominate the global EV battery reuse market during the forecast period. However, in terms of CAGR, HEV is projected to grow at a higher rate than other segments. In terms of application, energy storage is expected to hold a major share in the global EV battery reuse market during 2018-2030.
Product Definition:
The reuse of electric vehicle batteries is important for a number of reasons. First, it extends the life and usefulness of the battery. Additionally, it reduces waste and helps to keep batteries out of landfills. Finally, it can also help to reduce the cost of owning an electric vehicle.
Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027:
The global electric vehicle battery reuse market size was valued at USD 2.3 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 37% from 2017 to 2021. Increasing the adoption of electric vehicles owing to concerns over carbon emissions is one of the key factors driving demand for batteries that power these vehicles.
BEV:
Battery Electric Vehicle (BEV) is a vehicle that uses electricity as its source of power and propulsion. The BEV can be driven with no or very little fossil fuel consumption. A Battery Electric Vehicle (BEV) has several benefits over the conventional vehicles including lower operating costs, less pollution, and lower maintenance requirements.
Application Insights:
The energy storage segment dominated the global EV battery reuse market in terms of revenue share in 2016. The growth can be attributed to the growing number of commercial and residential installations around the world. The others application segment includes transportation, power generation, and microgrid development. Transportation is estimated to be one of the major applications for these batteries due to their ability to provide high power density, range extending electric drivetrain with improved performance over existing lead-acid batteries.
The base stations are expected to account for a significant share owing to their usage as a secondary source of electricity during peak hours when renewable sources such as wind or solar rays cannot produce sufficient electricity on account of weather conditions or cloudiness over head. This will help improve overall grid stability along with increasing carbon emission reduction potentials from fossil fuel powered plants at its source levels across all major economies involved in this sector globally including China Japan U.S.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030. The region’s growth can be attributed to growing adoption of electric vehicles in China and Japan. In 2016, China accounted for a share of more than 50% global EV battery production and sales. Thus, it is expected that Asia Pacific will emerge as the leader in EVs by 2020 owing to its large manufacturing base for EVs coupled with strong demand from key application segments including energy storage and transportation infrastructure development.
The European market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period owing high carbon emissions associated with internal combustion engines (ICEs). Moreover, Europe has stringent regulations on using toxic heavy metal batteries such as mercury which are harmful for environment thus favoring battery recycling programs across countries such as Germany, France Italy among others driving regional growth over next seven years.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to MarketsandMarkets. This will create a larger demand for EV batteries, which can be reused or recycled.
- Government initiatives and regulations supporting EV battery reuse: Governments around the world are promoting the use of electric vehicles through various incentives and regulations. For example, China offers subsidies of up to ,000 per vehicle for buyers of new EVs, and France plans to ban the sale of gasoline and diesel cars by 2040. Such government initiatives will help drive the growth of the EV battery reuse market.
- Rise in awareness about environmental benefits of recycling EV batteries: There is a growing awareness among consumers about the environmental benefits associated with recycling discarded products such as EV batteries instead of sending them to landfills or incinerators. This is helping fuel interest in recycling programs for used EV batteries across different countries worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Battery Reuse Market Research Report
By Type
Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027, BEV, HEV, Others
By Application
Energy Storage, Base Stations, Others
By Companies
Relectrify Pty Ltd., Mitsubishi Electric, Global Battery Solutions, Groupe Renault, Connected Energy, BYD Co, Ltd., Daimler AG, Samsung SDI Co., Ltd., Tesla, Inc., GS Yuasa Corporation, LG Chem, Ltd., Toshiba Corporation, Energus Power Solutions, Lithium Werks, Nissan Motor Co., Ltd., Toyota Motor Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global EV Battery Reuse Market Report Segments:
The global EV Battery Reuse market is segmented on the basis of:
Types
Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027, BEV, HEV, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy Storage, Base Stations, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Relectrify Pty Ltd.
- Mitsubishi Electric
- Global Battery Solutions
- Groupe Renault
- Connected Energy
- BYD Co, Ltd.
- Daimler AG
- Samsung SDI Co., Ltd.
- Tesla, Inc.
- GS Yuasa Corporation
- LG Chem, Ltd.
- Toshiba Corporation
- Energus Power Solutions
- Lithium Werks
- Nissan Motor Co., Ltd.
- Toyota Motor Corporation
Highlights of The EV Battery Reuse Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
- BEV
- HEV
- Others
- By Application:
- Energy Storage
- Base Stations
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV Battery Reuse Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EV Battery Reuse is the process of recycling electric vehicle (EV) batteries to create new batteries. EV battery reuse can help reduce environmental waste and promote sustainability.
Some of the major companies in the ev battery reuse market are Relectrify Pty Ltd., Mitsubishi Electric, Global Battery Solutions, Groupe Renault, Connected Energy, BYD Co, Ltd., Daimler AG, Samsung SDI Co., Ltd., Tesla, Inc., GS Yuasa Corporation, LG Chem, Ltd., Toshiba Corporation, Energus Power Solutions, Lithium Werks, Nissan Motor Co., Ltd., Toyota Motor Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV Battery Reuse Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV Battery Reuse Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Battery Reuse Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV Battery Reuse Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV Battery Reuse Market Size & Forecast, 2018-2028
4.5.1 EV Battery Reuse Market Size and Y-o-Y Growth
4.5.2 EV Battery Reuse Market Absolute $ Opportunity
Chapter 5 Global EV Battery Reuse Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EV Battery Reuse Market Size Forecast by Type
5.2.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
5.2.2 BEV
5.2.3 HEV
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV Battery Reuse Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EV Battery Reuse Market Size Forecast by Applications
6.2.1 Energy Storage
6.2.2 Base Stations
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Battery Reuse Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV Battery Reuse Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EV Battery Reuse Analysis and Forecast
9.1 Introduction
9.2 North America EV Battery Reuse Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EV Battery Reuse Market Size Forecast by Type
9.6.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
9.6.2 BEV
9.6.3 HEV
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EV Battery Reuse Market Size Forecast by Applications
9.10.1 Energy Storage
9.10.2 Base Stations
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EV Battery Reuse Analysis and Forecast
10.1 Introduction
10.2 Europe EV Battery Reuse Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EV Battery Reuse Market Size Forecast by Type
10.6.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
10.6.2 BEV
10.6.3 HEV
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EV Battery Reuse Market Size Forecast by Applications
10.10.1 Energy Storage
10.10.2 Base Stations
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EV Battery Reuse Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Battery Reuse Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EV Battery Reuse Market Size Forecast by Type
11.6.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
11.6.2 BEV
11.6.3 HEV
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EV Battery Reuse Market Size Forecast by Applications
11.10.1 Energy Storage
11.10.2 Base Stations
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EV Battery Reuse Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Battery Reuse Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EV Battery Reuse Market Size Forecast by Type
12.6.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
12.6.2 BEV
12.6.3 HEV
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EV Battery Reuse Market Size Forecast by Applications
12.10.1 Energy Storage
12.10.2 Base Stations
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EV Battery Reuse Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Battery Reuse Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EV Battery Reuse Market Size Forecast by Type
13.6.1 Global EV Battery Reuse Market Size Growth Rate by Source: 2016 VS 2021 VS 2027
13.6.2 BEV
13.6.3 HEV
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EV Battery Reuse Market Size Forecast by Applications
13.10.1 Energy Storage
13.10.2 Base Stations
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV Battery Reuse Market: Competitive Dashboard
14.2 Global EV Battery Reuse Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Relectrify Pty Ltd.
14.3.2 Mitsubishi Electric
14.3.3 Global Battery Solutions
14.3.4 Groupe Renault
14.3.5 Connected Energy
14.3.6 BYD Co, Ltd.
14.3.7 Daimler AG
14.3.8 Samsung SDI Co., Ltd.
14.3.9 Tesla, Inc.
14.3.10 GS Yuasa Corporation
14.3.11 LG Chem, Ltd.
14.3.12 Toshiba Corporation
14.3.13 Energus Power Solutions
14.3.14 Lithium Werks
14.3.15 Nissan Motor Co., Ltd.
14.3.16 Toyota Motor Corporation
