Global Second-Life EV Battery Market to Hit $34.7 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Second Life EV Battery Market Intelligence Report – Global Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The global Second Life EV Battery Market is expected to reach USD 34,758.46 Million by 2027, from USD 19,717.27 Million in 2021, at a CAGR of 9.90% during the forecast period.

Market statistics

  • The Americas Second Life EV Battery Market Size was estimated at USD 6,454.94 Million in 2021 and is projected to reach USD 7,009.22 Million in 2022, at a CAGR of 9.59% to reach USD 11,184.62 Million USD by 2027.

  • The Asia Pacific Second Life EV Battery market size was estimated at USD 5,802.30 million in 2021 and is projected to reach USD 6,394.82 million in 2022, at a CAGR of 10.27% to reach 10,433, USD 83 million by 2027.

  • The Europe, Middle East and Africa Second Life EV Battery market size was estimated at USD 7,460.03 million in 2021 and is projected to reach USD 8,153.66 million in 2022, at a CAGR of 9.89 % to reach USD 13,140.00 million by 2027.

Segmentation and market coverage:

Type:

  • lead-acid

  • Lithium Ion

  • Nickel

  • Sodium ion

Application:

  • Commercial and industrial energy storage

  • EV charging

  • Network loading

  • Off-grid

  • Residential energy storage

Key players

  • Bayerische Motoren Werke AG

  • BYD Company Ltd.

  • Connected Energy Ltd.

  • Daimler S.A.

  • Hyundai Motor Company

  • Nissan Motor Co., Ltd.

  • ReJoule Inc.

  • Electrify Pty Ltd

  • Tesla, Inc.

  • Toyota Motor Corporation

Main topics covered:

1. Preface

2. Research methodology

3. Market Overview

4. Americas Second Life EV Battery Market

5. Asia Pacific Second Life EV Battery Market

6. Europe, Middle East and Africa Second Life EV Battery Market

Companies cited

  • Bayerische Motoren Werke AG

  • BYD Company Ltd.

  • Connected Energy Ltd.

  • Daimler S.A.

  • Hyundai Motor Company

  • Nissan Motor Co., Ltd.

  • ReJoule Inc.

  • Electrify Pty Ltd

  • Tesla, Inc.

  • Toyota Motor Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/eag765