PUBLISHER: KBV Research | PRODUCT CODE: 1871370
PUBLISHER: KBV Research | PRODUCT CODE: 1871370
North America Second Life EV Battery Market Size, Share & Industry Analysis Report By End Use (Commercial & Industrial, Utilities and Residential), By Application, By Country and Growth Forecast, 2025 - 2032
The US market dominated the North America Second Life EV Battery Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,181.4 million by 2032. The Canada market is experiencing a CAGR of 43.9% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 42.7% during (2025 - 2032). The US and Canada led the North America Second Life EV Battery Market by Country with a market share of 69% and 14.9% in 2024.
The North American second-life EV battery market is changing quickly because there are more retired EV batteries, more storage needs for renewable energy, and strong government support. As the first life of early EV fleets comes to an end, automakers and energy-storage companies are using old lithium-ion batteries for stationary storage uses like grid support, commercial backup, and renewable integration. The U.S. Department of Energy's "Electric Drive Vehicle Battery Recycling and 2nd Life Apps" program and the Bipartisan Infrastructure Law are two examples of government programs that are paying for research, demonstration projects, and infrastructure for repurposing. OEMs and recyclers are teaming up increasingly, like General Motors and Redwood Materials. This shows how reuse and recycling can create value over time. These changes are turning second-life batteries from experimental pilots into energy-storage assets that can be sold and used in a way that is both cost-effective and good for the environment.
Key players in the industry are focusing on partnerships, scaling up the domestic value chain, being cost-effective, and integrating the entire lifecycle. Companies are putting money into infrastructure for diagnostics, disassembly, and repackaging so that second-life storage systems can be used on a large scale. They are also taking advantage of the lower cost and carbon footprint of repurposed batteries. Redwood Materials is an example of a circular business model because it handles both repurposing items for a second life and recycling them when they are no longer useful. The competitive landscape is still new, but it is becoming clearer that OEMs, recyclers, and system integrators are all fighting for access to retired batteries and efficient repurposing operations. As certification and safety standards improve, the second-life EV battery market in North America is about to move from pilot scale to a mainstream market that supports renewable energy and a more resilient grid.
End Use Outlook
Based on End Use, the market is segmented into Commercial & Industrial (C&I), Utilities and Residential. The Commercial & Industrial (C&I) market segment dominated the US Second Life EV Battery Market by End Use is expected to grow at a CAGR of 39.8 % during the forecast period thereby continuing its dominance until 2032. Also, The Residential market is anticipated to grow as a CAGR of 41.3 % during the forecast period during (2025 - 2032).
Application Outlook
Based on Application, the market is segmented into Power Backup/UPS, Renewable Energy Storage, EV Charging Stations and Grid-Scale ESS & Others. Among various Canada Second Life EV Battery Market by Application; The Power Backup/UPS market achieved a market size of USD $24.9 Million in 2024 and is expected to grow at a CAGR of 43.3 % during the forecast period. The EV Charging Stations market is predicted to experience a CAGR of 45.2% throughout the forecast period from (2025 - 2032).
Country Outlook
The US is quickly building a circular economy for EV batteries, thanks to strong government programs and private investments. The "National Blueprint for Lithium Batteries" from the Department of Energy and the Extended Producer Responsibility (EPR) framework from the EPA both aim to improve the security of the domestic supply chain while encouraging the reuse, repurposing, and recycling of batteries. The growth of battery manufacturing, assembly, and critical mineral extraction is being driven by the rise in electric vehicle (EV) use and more than $208 billion in private-sector investments. Increasingly, automakers and recyclers are working together on projects to take back batteries, reuse them, and store energy for a second life. The U.S. is becoming an important market for second-life EV batteries, but infrastructure, logistics, and regulations are still changing, so most projects are still in the pilot or early deployment stages.
List of Key Companies Profiled
- Nissan Chemical Corporation
- BYD Company Ltd.
- LG Chem Ltd. (LG Corporation)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Tesla, Inc.
- BMW AG
- Volvo Group
- Mitsubishi Electric Corporation
- Mercedes-Benz Group AG
- Hyundai Motor Company
North America Second Life EV Battery Market Report Segmentation
By End Use
- Commercial & Industrial (C&I)
- Utilities
- Residential
By Application
- Power Backup/UPS
- Renewable Energy Storage
- EV Charging Stations
- Grid-Scale ESS & Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Second Life EV Battery Market, by End Use
- 1.4.2 North America Second Life EV Battery Market, by Application
- 1.4.3 North America Second Life EV Battery Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - North America Second Life EV Battery Market
Chapter 5. State of Competition - North America Second Life EV Battery Market
Chapter 6. Value Chain Analysis of Second Life EV Battery Market
Chapter 7. Competition Analysis - Global
- 7.1 Market Share Analysis, 2024
- 7.2 Recent Strategies Deployed in Second Life EV Battery Market
- 7.3 Porter Five Forces Analysis
Chapter 8. Product Life Cycle - Second Life EV Battery Market
Chapter 9. Market Consolidation - Second Life EV Battery Market
Chapter 10. Key Customer Criteria - Second Life EV Battery Market
Chapter 11. North America Second Life EV Battery Market by End Use
- 11.1 North America Commercial & Industrial (C&I) Market by Country
- 11.2 North America Utilities Market by Country
- 11.3 North America Residential Market by Country
Chapter 12. North America Second Life EV Battery Market by Application
- 12.1 North America Power Backup/UPS Market by Country
- 12.2 North America Renewable Energy Storage Market by Country
- 12.3 North America EV Charging Stations Market by Country
- 12.4 North America Grid-Scale ESS & Others Market by Country
Chapter 13. North America Second Life EV Battery Market by Country
- 13.1 US Second Life EV Battery Market
- 13.1.1 US Second Life EV Battery Market by End Use
- 13.1.2 US Second Life EV Battery Market by Application
- 13.2 Canada Second Life EV Battery Market
- 13.2.1 Canada Second Life EV Battery Market by End Use
- 13.2.2 Canada Second Life EV Battery Market by Application
- 13.3 Mexico Second Life EV Battery Market
- 13.3.1 Mexico Second Life EV Battery Market by End Use
- 13.3.2 Mexico Second Life EV Battery Market by Application
- 13.4 Rest of North America Second Life EV Battery Market
- 13.4.1 Rest of North America Second Life EV Battery Market by End Use
- 13.4.2 Rest of North America Second Life EV Battery Market by Application
Chapter 14. Company Profiles
- 14.1 Nissan Chemical Corporation
- 14.1.1 Company Overview
- 14.1.2 Financial Analysis
- 14.1.3 Segmental and Regional Analysis
- 14.1.1 SWOT Analysis
- 14.2 BYD Company Ltd.
- 14.2.1 Company Overview
- 14.2.2 Financial Analysis
- 14.2.3 Regional Analysis
- 14.2.4 Research & Development Expenses
- 14.2.5 Recent strategies and developments:
- 14.2.5.1 Product Launches and Product Expansions:
- 14.3 LG Chem Ltd. (LG Corporation)
- 14.3.1 Company Overview
- 14.3.2 Financial Analysis
- 14.3.3 Regional Analysis
- 14.3.4 Research & Development Expense
- 14.3.5 SWOT Analysis
- 14.4 Samsung Electronics Co., Ltd. (Samsung Group)
- 14.4.1 Company Overview
- 14.4.2 Financial Analysis
- 14.4.3 Segmental and Regional Analysis
- 14.4.4 Research & Development Expenses
- 14.4.5 SWOT Analysis
- 14.5 Tesla, Inc.
- 14.5.1 Company Overview
- 14.5.2 Financial Analysis
- 14.5.3 Segmental and Regional Analysis
- 14.5.4 Research & Development Expense
- 14.5.5 SWOT Analysis
- 14.6 BMW AG
- 14.6.1 Company Overview
- 14.6.2 Financial Analysis
- 14.6.3 Segmental and Regional Analysis
- 14.6.4 Research & Development Expenses
- 14.6.5 SWOT Analysis
- 14.7 Volvo Group
- 14.7.1 Company Overview
- 14.7.2 Financial Analysis
- 14.7.3 Segmental and Regional Analysis
- 14.7.4 Research & Development Expense
- 14.7.5 Recent strategies and developments:
- 14.7.5.1 Partnerships, Collaborations, and Agreements:
- 14.7.1 SWOT Analysis
- 14.8 Mitsubishi Electric Corporation
- 14.8.1 Company Overview
- 14.8.2 Financial Analysis
- 14.8.3 Segmental and Regional Analysis
- 14.8.4 Research & Development Expense
- 14.8.5 SWOT Analysis
- 14.9 Mercedes-Benz Group AG
- 14.9.1 Company Overview
- 14.9.2 Financial Analysis
- 14.9.3 Segmental and Regional Analysis
- 14.9.4 Research & Development Expense
- 14.9.5 Recent strategies and developments:
- 14.9.5.1 Partnerships, Collaborations, and Agreements:
- 14.9.5.2 Geographical Expansions:
- 14.9.6 SWOT Analysis
- 14.10. Hyundai Motor Company
- 14.10.1 Company Overview
- 14.10.2 Financial Analysis
- 14.10.3 Segmental and Regional Analysis
- 14.10.4 Research & Development Expense
- 14.10.5 Recent strategies and developments:
- 14.10.5.1 Partnerships, Collaborations, and Agreements:
- 14.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 2 North America Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Second Life EV Battery Market
- TABLE 4 North America Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 5 North America Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 6 North America Commercial & Industrial (C&I) Market by Country, 2021 - 2024, USD Million
- TABLE 7 North America Commercial & Industrial (C&I) Market by Country, 2025 - 2032, USD Million
- TABLE 8 North America Utilities Market by Country, 2021 - 2024, USD Million
- TABLE 9 North America Utilities Market by Country, 2025 - 2032, USD Million
- TABLE 10 North America Residential Market by Country, 2021 - 2024, USD Million
- TABLE 11 North America Residential Market by Country, 2025 - 2032, USD Million
- TABLE 12 North America Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 13 North America Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 14 North America Power Backup/UPS Market by Country, 2021 - 2024, USD Million
- TABLE 15 North America Power Backup/UPS Market by Country, 2025 - 2032, USD Million
- TABLE 16 North America Renewable Energy Storage Market by Country, 2021 - 2024, USD Million
- TABLE 17 North America Renewable Energy Storage Market by Country, 2025 - 2032, USD Million
- TABLE 18 North America EV Charging Stations Market by Country, 2021 - 2024, USD Million
- TABLE 19 North America EV Charging Stations Market by Country, 2025 - 2032, USD Million
- TABLE 20 North America Grid-Scale ESS & Others Market by Country, 2021 - 2024, USD Million
- TABLE 21 North America Grid-Scale ESS & Others Market by Country, 2025 - 2032, USD Million
- TABLE 22 North America Second Life EV Battery Market by Country, 2021 - 2024, USD Million
- TABLE 23 North America Second Life EV Battery Market by Country, 2025 - 2032, USD Million
- TABLE 24 US Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 25 US Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 26 US Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 27 US Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 28 US Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 29 US Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 30 Canada Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 31 Canada Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 32 Canada Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 33 Canada Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 34 Canada Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 35 Canada Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 36 Mexico Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 37 Mexico Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 38 Mexico Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 39 Mexico Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 40 Mexico Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 41 Mexico Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 42 Rest of North America Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 43 Rest of North America Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 44 Rest of North America Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 45 Rest of North America Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 46 Rest of North America Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 47 Rest of North America Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 48 Key Information - Nissan Chemical Corporation
- TABLE 49 key Information - BYD Company Ltd.
- TABLE 50 key information - LG Chem Ltd.
- TABLE 51 Key Information - Samsung Electronics Co., Ltd.
- TABLE 52 key Information - Tesla, Inc.
- TABLE 53 key information - BMW AG
- TABLE 54 key Information - Volvo Group
- TABLE 55 Key Information - Mitsubishi Electric Corporation
- TABLE 56 key information - Mercedes-Benz Group AG
- TABLE 57 key Information - Hyundai Motor Company
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Second Life EV Battery Market, 2021- 2032, USD Million
- FIG 3 Key Factors Impacting North America Second Life EV Battery Market
- FIG 4 Value Chain Analysis of Second Life EV Battery Market
- FIG 5 Market Share Analysis, 2024
- FIG 6 Porter's Five Forces Analysis - Second Life EV Battery Market
- FIG 7 Product Life Cycle - Second Life EV Battery Market
- FIG 8 Market Consolidation - Second Life EV Battery Market
- FIG 9 Key Customer Criteria - Second Life EV Battery Market
- FIG 10 North America Second Life EV Battery Market Share by End Use, 2024
- FIG 11 North America Second Life EV Battery Market Share by End Use, 2032
- FIG 12 North America Second Life EV Battery Market by End Use, 2021 - 2032, USD Million
- FIG 13 North America Second Life EV Battery Market Share by Application, 2024
- FIG 14 North America Second Life EV Battery Market Share by Application, 2032
- FIG 15 North America Second Life EV Battery Market by Application, 2021 - 2032, USD Million
- FIG 16 North America Second Life EV Battery Market Share by Country, 2024
- FIG 17 North America Second Life EV Battery Market Share by Country, 2032
- FIG 18 North America Second Life EV Battery Market by Country, 2021 - 2032, USD Million
- FIG 19 Swot Analysis: Nissan Chemical Corporation
- FIG 20 Swot Analysis: LG Chem Ltd.
- FIG 21 SWOT Analysis: Samsung Electronics Co., Ltd.
- FIG 22 SWOT Analysis: Tesla, Inc.
- FIG 23 SWOT Analysis: BMW AG
- FIG 24 Swot Analysis: Volvo Group
- FIG 25 SWOT Analysis: Mitsubishi Electric Corporation
- FIG 26 Recent strategies and developments: Mercedes-Benz Group AG
- FIG 27 SWOT Analysis: Mercedes-Benz Group AG
- FIG 28 Swot Analysis: Hyundai Motor Company
