세계의 세컨드 라이프 EV 배터리 시장 전망(-2030년) : 배터리 유형, 용량, 기술, 용도, 최종 사용자 및 지역별 분석

According to Stratistics MRC, the Global Second-Life EV Battery Market is growing at a CAGR of 44.9% during the forecast period. Second-life EV batteries are used batteries from electric vehicles that have been converted from their original automotive use to other uses. As batteries age and lose some of their capacity for vehicle performance, they still retain sufficient energy storage potential for less demanding applications, such as energy storage systems, grid stabilization, or powering renewable energy sources. This approach not only extends the lifecycle of the batteries but also contributes to sustainability by reducing waste and promoting circular economy practices in the energy sector.

Market Dynamics:

Driver:

Growing adoption of renewable energy sources

The growing adoption of renewable energy sources is significantly driving the market. As more solar and wind energy systems are deployed, the need for efficient energy storage solutions becomes critical to manage supply and demand fluctuations. Second-life batteries, with their ability to store excess energy, offer a cost-effective and sustainable solution. By repurposing these batteries, stakeholders can enhance grid resilience, support renewable energy integration, and reduce overall environmental impact, fostering a more sustainable energy ecosystem.

Restraint:

Infrastructure limitations

Many regions lack the necessary facilities for battery testing, repurposing, and recycling, which hinders the efficient integration of second-life batteries into energy systems. Additionally, inadequate charging and energy management infrastructure can restrict their use in renewable energy applications. Without standardized regulations and investment in supportive technologies, the potential of second-life batteries to enhance energy storage and promote sustainability remains underutilized, impeding broader market growth.

Opportunity:

Increasing demand for electric vehicles (EVs)

The increasing demand for electric vehicles (EVs) is significantly boosting the market. As more consumers transition to EVs, the volume of used batteries is rising, creating opportunities for repurposing them in various applications. This demand not only extends the lifecycle of batteries but also enhances energy storage solutions for renewable energy sources. Consequently, industries are exploring innovative ways to utilize these second-life batteries, contributing to a sustainable circular economy and addressing the growing need for efficient energy management.

Threat:

Competition from new batteries

Competition from new battery technologies poses a challenge in the market. Advances in battery design, such as solid-state batteries and improved chemistries, offer higher efficiency, longer lifespan, and faster charging, making them attractive alternatives for consumers and industries. As these next-generation batteries become more accessible, they could overshadow the appeal of repurposed second-life batteries. This competition necessitates a focus on the unique benefits of second-life batteries, such as cost-effectiveness.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the market by disrupting supply chains and delaying production. Manufacturing slowdowns and reduced demand for new electric vehicles led to a temporary decline in battery availability for repurposing. However, the crisis also accelerated the shift towards sustainability, with increased interest in energy resilience and renewable solutions. As economies recover, the focus on circular economy practices may strengthen, positioning second-life batteries as vital components in sustainable energy strategies and enhancing market growth in the long term.

The solid-state batteries segment is projected to be the largest during the forecast period

The solid-state batteries segment is projected to account for the largest market share during the projection period. Offering higher energy density, improved safety, and longer lifespans compared to traditional lithium-ion batteries, they present a competitive alternative for new electric vehicles. Integrating solid-state technology into repurposed battery systems could lead to more efficient energy storage solutions, further promoting sustainability and circular economy principles within the energy landscape.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is expected to have the highest CAGR during the extrapolated period. As homeowners seek sustainable ways to manage energy use, repurposed batteries offer an economical and eco-friendly option for storing solar energy or providing backup power during outages. These batteries can enhance energy independence and reduce reliance on grid power, contributing to lower utility bills. By integrating second-life batteries into residential systems, homeowners can actively participate in the transition to a more sustainable energy future.

Region with largest share:

North America region is expected to hold the largest share of the market during the forecast period. As manufacturers and utilities seek efficient energy storage solutions, repurposed batteries are becoming integral for residential and commercial applications. Government incentives and investments in renewable energy infrastructure further bolster market development. Additionally, collaboration among automakers, energy providers, and recycling companies is enhancing the feasibility of second-life battery initiatives, positioning as a key player in the market.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period due to technological advancements and infrastructure development. The increasing energy demand in the region, coupled with the need for renewable energy sources, makes second-life batteries an attractive option for energy storage. The region boasts a robust manufacturing industry, including for batteries and energy storage systems, which facilitates the development of second-life battery applications.

Key players in the market

Some of the key players in Second-Life EV Battery market include Tesla, Nissan, BMW, General Motors, Ford, Volkswagen, Hyundai, LG Chem, Panasonic, Samsung SDI, NextEra Energy, Duke Energy, Fortum and ION Energy Inc.

Key Developments:

In February 2024, Volkswagen Group has signed an agreement with Ecobat, a leader in battery recycling, to collect and recycle electric vehicle (EV) batteries. The deal will help VWG UK close the loop to promote a circular energy economy and ensures the UK's largest automotive Group is doing all it can to boost sustainability.

In September 2023, LG Chem Ltd., announced that it has signed four memorandums of understanding (MOUs) with Huayou Group to jointly build four electric vehicle (EV) battery material plants in Morocco and Indonesia. The partnership aims to diversify LG Chem's portfolio of battery materials.

Battery Types Covered:

• Lithium-Ion Batteries
• Lead Acid Batteries
• Nickel-Metal Hydride (NiMH)
• Solid-State Batteries
• Other Battery Types

Capacities Covered:

• Less than 50 kWh
• 50-100 kWh
• Over 100 kWh

Technologies Covered:

• Battery Management Systems (BMS)
• Smart Grid Integration
• Monitoring and Control Solutions

Applications Covered:

• Energy Storage Systems (ESS)
• Microgrid Solutions
• Power Backup
• Renewable Energy Storage
• Grid Connection
• EV Charging
• Other Applications

End Users Covered:

• Residential
• Commercial
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Second-Life EV Battery Market, By Battery Type

• 5.1 Introduction
• 5.2 Lithium-Ion Batteries
• 5.3 Lead Acid Batteries
• 5.4 Nickel-Metal Hydride (NiMH)
• 5.5 Solid-State Batteries
• 5.6 Other Battery Types

6 Global Second-Life EV Battery Market, By Capacity

• 6.1 Introduction
• 6.2 Less than 50 kWh
• 6.3 50-100 kWh
• 6.4 Over 100 kWh

7 Global Second-Life EV Battery Market, By Technology

• 7.1 Introduction
• 7.2 Battery Management Systems (BMS)
• 7.3 Smart Grid Integration
• 7.4 Monitoring and Control Solutions

8 Global Second-Life EV Battery Market, By Application

• 8.1 Introduction
• 8.2 Energy Storage Systems (ESS)
• 8.3 Microgrid Solutions
• 8.4 Power Backup
• 8.5 Renewable Energy Storage
• 8.6 Grid Connection
• 8.8 EV Charging
• 8.9 Other Applications

9 Global Second-Life EV Battery Market, By End User

• 9.1 Introduction
• 9.2 Residential
• 9.3 Commercial
• 9.4 Industrial
• 9.5 Other End Users

10 Global Second-Life EV Battery Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Tesla
• 12.2 Nissan
• 12.3 BMW
• 12.4 General Motors
• 12.5 Ford
• 12.6 Volkswagen
• 12.7 Hyundai
• 12.8 LG Chem
• 12.9 Panasonic
• 12.10 Samsung SDI
• 12.12 NextEra Energy
• 12.12 Duke Energy
• 12.13 Fortum
• 12.14 ION Energy Inc.