EV Battery Reuse Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
EV Battery Reuse Market size is projected to expand at 46.6% CAGR from 2024 to 2032, led by increasing launches of electric vehicles and rapid technological advancements.
With more EVS hitting the roads, the demand for repurposing their batteries for secondary applications, such as energy storage and grid stabilization is rising. Technologies, such as improved battery management systems and advanced recycling processes are also enhancing the effectiveness of battery reuse. For instance, in June 2024, Trumpf launched innovative laser technology for industrial-scale EV battery recycling to enhance the efficiency and precision of battery material recovery for supporting more sustainable and effective recycling processes for electric vehicle batteries.
The overall market is segregated into application, source and region.
Based on application, the EV battery reuse market value from the base stations segment is estimated to rise at significant rate from 2024 to 2032, due to increasing adoption to enhance their energy storage capabilities. Base stations are equipped with energy storage systems that utilize repurposed EV batteries to help stabilize the grid and manage energy supply efficiently. Subsequently, ongoing innovations are improving the performance and integration of reused EV batteries in base stations for making them even more effective for grid support and energy management.
EV battery reuse industry from the HEV & PHEV source segment is anticipated to expand at substantial CAGR through 2032, owing to the increasing need of valuable sources for re-purpose battery packs. Increasing advancements in battery management and recycling technologies are enhancing the effectiveness of reused batteries from HEVs and PHEVs. This ongoing development is supporting sustainable battery lifecycle practices and contributing to more efficient energy use to optimize resources and promote cleaner energy solutions.
Regionally, the North America EV battery reuse market size is projected to expand between 2024 and 2032, on account of the economic incentives provided by governments and organizations. Economic incentives are encouraging companies to invest in battery repurposing technologies and develop innovative solutions. The rise in R&D in battery recycling and reuse for making these processes more cost-effective and sustainable will drive the industry growth throughout North America.
- Chapter 1 Research Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Market estimates & forecast parameters
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Industry Insights
- 2.1 Industry ecosystem analysis
- 2.2 Regulatory landscape
- 2.2.1 Europe
- 2.2.1.1 Relevant European Legislation Impacting V2X
- 2.2.1.2 European Norms (ENs) for Battery Electric Vehicles
- 2.2.1.3 Regulatory Considerations
- 2.2.1.4 Safety Measures Act
- 2.2.1.5 EU average fleet CO2 emissions
- 2.2.1.6 EU Green Deal, 2019
- 2.2.1.7 Ban on diesel & petrol vehicles
- 2.2.1.8 Connecting Europe Facility (CEF)
- 2.2.1.9 The Commission's Transport 2050 Strategy
- 2.2.2 Germany
- 2.2.2.1 Regional Policies and Regulations
- 2.2.2.2 The German legal framework for charging infrastructure consists of:
- 2.2.2.3 Berlin Policies & Regulations
- 2.2.2.4 Hamburg Policies & Regulations
- 2.2.3 Norway
- 2.2.3.1 The Norwegian EV incentives:
- 2.2.3.2 National Climate Policy
- 2.2.3.3 The Norwegian car tax system
- 2.2.3.4 Incentives by the Govt & Zero emission goal by 2025
- 2.2.3.5 Charging infrastructure legislation
- 2.2.4 Netherlands
- 2.2.4.2 National EV Incentives
- 2.2.4.3 Tax Benefits
- 2.2.5 International Standards
- 2.2.5.1 International Electrotechnical Commission (IEC) Standards
- 2.2.5.2 International Organization for Standardization (ISO) Standards
- 2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.1.1 Increasing EV adoption
- 2.3.1.2 Government initiatives & investments
- 2.3.2 Industry pitfalls & challenges
- 2.3.2.1 Economic factor & high upfront cost
- 2.4 Growth potential analysis
- 2.5 Porter's Analysis
- 2.5.1 Bargaining power of supplier
- 2.5.2 Bargaining power of buyer
- 2.5.3 Threat of new entrant
- 2.5.4 Threat of substitutes
- 2.6 PESTEL Analysis
- Chapter 3 Competitive Landscape, 2024
- 3.1 Introduction
- 3.2 Strategy dashboard
- 3.2.1 Delta Energy Systems
- 3.2.1.1 Contract
- 3.2.2 Bel Power Solutions
- 3.2.2.1 Product showcase
- 3.2.3 Infineon Technologies AG
- 3.2.3.1 Collaboration
- 3.2.3.2 Product showcase
- 3.2.4 BorgWarner Inc.
- 3.2.4.1 Merger
- 3.2.5 BRUSA Elektronik AG
- 3.2.5.1 Partnership
- 3.2.6 Bel Power Solutions
- 3.2.6.1 Product Showcase
- 3.2.6.2 Acquisition
- 3.2.7 Innolectric AG
- 3.2.7.1 Partnership
- 3.2.8 Ficosa Internacional SA
- 3.2.8.1 Installation
- 3.2.9 Eaton
- 3.2.9.1 Acquisition
- 3.3 Innovation and technology landscape
- 3.3.1 Infineon Technologies AG
- 3.3.2 STMicroelectronics
- 3.3.3 Bel Power Solutions
- 3.3.4 Innolectric AG
- 3.3.5 Other innovations
- Chapter 4 Market, By Propulsion
- 4.1 Key trends
- 4.2 Battery Electric Vehicle (BEV)
- 4.3 Plug-in Hybrid Electric Vehicle (PHEV)
- 4.4 Others
- Chapter 5 Market, By Rating
- 5.1 Key trends
- 5.2 11 kW to 22 kW
- 5.4 > 22 kW
- Chapter 6 Market, By Country
- 6.1 Key trends
- 6.2 Norway
- 6.3 Germany
- 6.4 France
- 6.5 Netherlands
- 6.6 UK
- 6.7 Sweden
- Chapter 7 Company Profiles
- 7.1 Aptiv
- 7.1.1 Global overview
- 7.1.2 Market/Business Overview
- 7.1.3 Financial Data
- 7.1.4 Product Landscape
- 7.1.5 SWOT analysis
- 7.2 alfanar Group
- 7.2.1 Global Overview
- 7.2.2 Market/Business Overview
- 7.2.3 Financial Data
- 7.2.4 Product Landscape
- 7.2.5 SWOT Analysis
- 7.3 Bel Power Solutions
- 7.3.1 Global overview
- 7.3.2 Market/Business Overview
- 7.3.3 Financial Data
- 7.3.4 Product Landscape
- 7.3.5 Strategic Outlook
- 7.3.6 SWOT analysis
- 7.4 BorgWarner Inc.
- 7.4.1 Global overview
- 7.4.2 Market/Business Overview
- 7.4.3 Financial Data
- 7.4.4 Product Landscape
- 7.4.5 SWOT analysis
- 7.5 BRUSA Elektronik AG
- 7.5.1 Global overview
- 7.5.2 Market/Business Overview
- 7.5.3 Financial Data
- 7.5.4 Product Landscape
- 7.5.5 Strategic Outlook
- 7.5.6 SWOT analysis
- 7.6 Current Ways Inc
- 7.6.1 Global overview
- 7.6.2 Market/Business Overview
- 7.6.3 Financial Data
- 7.6.4 Product Landscape
- 7.6.5 SWOT analysis
- 7.7 Delta Energy Systems
- 7.7.1 Global overview
- 7.7.2 Market/Business Overview
- 7.7.3 Financial Data
- 7.7.4 Product Landscape
- 7.7.5 SWOT analysis
- 7.8 Delphi Technologies
- 7.8.1 Global overview
- 7.8.2 Market/Business Overview
- 7.8.3 Financial Data
- 7.8.4 Product Landscape
- 7.8.5 SWOT analysis
- 7.9 Eaton
- 7.9.1 Global overview
- 7.9.2 Market/Business Overview
- 7.9.3 Financial Data
- 7.9.4 Product Landscape
- 7.9.5 SWOT analysis
- 7.10 Ficosa Internacional SA
- 7.10.1 Global overview
- 7.10.2 Market/Business Overview
- 7.10.3 Financial Data
- 7.10.4 Product Landscape
- 7.10.5 SWOT analysis
- 7.11 Infineon Technologies AG
- 7.11.1 Global overview
- 7.11.2 Market/Business Overview
- 7.11.3 Financial Data
- 7.11.4 Product Landscape
- 7.11.5 Strategic Outlook
- 7.11.6 SWOT analysis
- 7.12 innolectric AG
- 7.12.1 Global overview
- 7.12.2 Market/Business Overview
- 7.12.3 Financial Data
- 7.12.4 Product Landscape
- 7.12.5 SWOT analysis
- 7.13 Powell Industries
- 7.13.1 Global Overview
- 7.13.2 Market/ Business Overview
- 7.13.3 Financial Data
- 7.13.4 Product Landscape
- 7.13.5 SWOT Analysis
- 7.14 Stercom Power Solutions GmbH
- 7.14.1 Global overview
- 7.14.2 Market/Business Overview
- 7.14.3 Financial Data
- 7.14.4 Product Landscape
- 7.14.5 SWOT analysis
- 7.15 STMicroelectronics
- 7.15.1 Global overview
- 7.15.2 Market/Business Overview
- 7.15.3 Financial Data
- 7.15.4 Product Landscape
- 7.15.5 SWOT analysis
- 7.16 TOYOTA INDUSTRIES CORPORATION.
- 7.16.1 Global overview
- 7.16.2 Market/Business Overview
- 7.16.3 Financial Data
- 7.16.4 Product Landscape
- 7.16.5 SWOT analysis
- 7.17 Xepics Italia SRL
- 7.17.1 Global overview
- 7.17.2 Market/Business Overview
- 7.17.3 Financial Data
- 7.17.4 Product Landscape
- 7.17.5 SWOT analysis
- 7.18 Research Practices
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