PUBLISHER: KBV Research | PRODUCT CODE: 1871371
PUBLISHER: KBV Research | PRODUCT CODE: 1871371
Asia Pacific 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 Asia Pacific Second Life EV Battery Market would witness market growth of 43.1% CAGR during the forecast period (2025-2032).
The China market dominated the Asia Pacific 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 $4,203.3 million by 2032. The Japan market is showcasing a CAGR of 41.9% during (2025 - 2032). Additionally, The India market would register a CAGR of 44.4% during (2025 - 2032). The China and Japan led the Asia Pacific Second Life EV Battery Market by Country with a market share of 43.9% and 14.2% in 2024. The Singapore market is expected to witness a CAGR of 47.1% during throughout the forecast period.
The Asia-Pacific region is quickly becoming a key center for developing second-life EV batteries. This is thanks to the growing use of EVs, the growth of renewable energy, and strong government support for circular-economy policies. China, Japan, South Korea, and India are moving from pilot projects to the first commercial use of reused EV batteries for things like balancing the grid, providing backup power, and integrating renewable energy. To make things more sustainable and less reliant on raw materials, policymakers are pushing for extended producer responsibility (EPR), design that makes reuse easier, and standardization. The region is becoming a global leader in second-life EV battery innovation and deployment by having OEMs, battery makers, and system integrators invest in large-scale reuse infrastructure.
To get the most out of used EV batteries, top companies in the Asia-Pacific region are working on lifecycle integration, cost-effective circular economy strategies, and partnerships across the value chain. To make second-life energy storage systems that can be sold, OEMs and energy-storage companies work together to collect, diagnose, refurbish, and repackage used batteries. For applications with moderate performance, reused battery packs are cheaper and better for the environment. Regulatory engagement, like India's plan for a battery-passport system, is helping to make clear rules for certification and tracing. Even though competition is still weak, it is getting stronger as OEMs take advantage of battery access and specialists come up with new ways to diagnose and integrate. In the end, the companies that will lead the Asia-Pacific second-life EV battery market will be the ones that can grow, cut costs, and follow the rules.
End Use Outlook
Based on End Use, the market is segmented into Commercial & Industrial (C&I), Utilities and Residential. Among various China Second Life EV Battery Market by End Use; The Commercial & Industrial (C&I) market achieved a market size of USD $160.7 Million in 2024 and is expected to grow at a CAGR of 40.8 % during the forecast period. The Utilities market is predicted to experience a CAGR of 42.1% throughout the forecast period from (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. The Power Backup/UPS market segment dominated the Singapore Second Life EV Battery Market by Application is expected to grow at a CAGR of 46.3 % during the forecast period thereby continuing its dominance until 2032. Also, The EV Charging Stations market is anticipated to grow as a CAGR of 48.6 % during the forecast period during (2025 - 2032).
Country Outlook
China is now the biggest place in the world for making electric vehicles (EVs) and batteries, which opens a lot of possibilities for using EV batteries in new ways. The Ministry of Industry and Information Technology (MIIT) oversees the government's efforts to promote cascade utilization and recycling. They have proposed rules that say at least 60% of used batteries must be repurposed each year, and there is also a CQC certification system for traceability. China is moving from just recycling to second life uses like stationary energy storage. This is happening because of strong government support, a huge fleet of electric vehicles, and vertically integrated OEMs like CATL and BYD pushing for reuse. But it is hard to keep track of and safe for informal operators because of weak oversight. The market is changing quickly as OEMs test certified reuse projects and grow their businesses around the world. This makes China a leader in circular battery value chains, if operational safety and viable reuse economics are guaranteed.
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
Asia Pacific 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Second Life EV Battery Market, by End Use
- 1.4.2 Asia Pacific Second Life EV Battery Market, by Application
- 1.4.3 Asia Pacific 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 - Asia Pacific Second Life EV Battery Market
Chapter 5. State of Competition - Asia Pacific 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. Asia Pacific Second Life EV Battery Market by End Use
- 11.1 Asia Pacific Commercial & Industrial (C&I) Market by Country
- 11.2 Asia Pacific Utilities Market by Country
- 11.3 Asia Pacific Residential Market by Country
Chapter 12. Asia Pacific Second Life EV Battery Market by Application
- 12.1 Asia Pacific Power Backup/UPS Market by Country
- 12.2 Asia Pacific Renewable Energy Storage Market by Country
- 12.3 Asia Pacific EV Charging Stations Market by Country
- 12.4 Asia Pacific Grid-Scale ESS & Others Market by Country
Chapter 13. Asia Pacific Second Life EV Battery Market by Country
- 13.1 China Second Life EV Battery Market
- 13.1.1 China Second Life EV Battery Market by End Use
- 13.1.2 China Second Life EV Battery Market by Application
- 13.2 Japan Second Life EV Battery Market
- 13.2.1 Japan Second Life EV Battery Market by End Use
- 13.2.2 Japan Second Life EV Battery Market by Application
- 13.3 India Second Life EV Battery Market
- 13.3.1 India Second Life EV Battery Market by End Use
- 13.3.2 India Second Life EV Battery Market by Application
- 13.4 South Korea Second Life EV Battery Market
- 13.4.1 South Korea Second Life EV Battery Market by End Use
- 13.4.2 South Korea Second Life EV Battery Market by Application
- 13.5 Singapore Second Life EV Battery Market
- 13.5.1 Singapore Second Life EV Battery Market by End Use
- 13.5.2 Singapore Second Life EV Battery Market by Application
- 13.6 Malaysia Second Life EV Battery Market
- 13.6.1 Malaysia Second Life EV Battery Market by End Use
- 13.6.2 Malaysia Second Life EV Battery Market by Application
- 13.7 Rest of Asia Pacific Second Life EV Battery Market
- 13.7.1 Rest of Asia Pacific Second Life EV Battery Market by End Use
- 13.7.2 Rest of Asia Pacific 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 Asia Pacific Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 2 Asia Pacific Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Second Life EV Battery Market
- TABLE 4 Asia Pacific Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 5 Asia Pacific Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 6 Asia Pacific Commercial & Industrial (C&I) Market by Country, 2021 - 2024, USD Million
- TABLE 7 Asia Pacific Commercial & Industrial (C&I) Market by Country, 2025 - 2032, USD Million
- TABLE 8 Asia Pacific Utilities Market by Country, 2021 - 2024, USD Million
- TABLE 9 Asia Pacific Utilities Market by Country, 2025 - 2032, USD Million
- TABLE 10 Asia Pacific Residential Market by Country, 2021 - 2024, USD Million
- TABLE 11 Asia Pacific Residential Market by Country, 2025 - 2032, USD Million
- TABLE 12 Asia Pacific Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 13 Asia Pacific Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 14 Asia Pacific Power Backup/UPS Market by Country, 2021 - 2024, USD Million
- TABLE 15 Asia Pacific Power Backup/UPS Market by Country, 2025 - 2032, USD Million
- TABLE 16 Asia Pacific Renewable Energy Storage Market by Country, 2021 - 2024, USD Million
- TABLE 17 Asia Pacific Renewable Energy Storage Market by Country, 2025 - 2032, USD Million
- TABLE 18 Asia Pacific EV Charging Stations Market by Country, 2021 - 2024, USD Million
- TABLE 19 Asia Pacific EV Charging Stations Market by Country, 2025 - 2032, USD Million
- TABLE 20 Asia Pacific Grid-Scale ESS & Others Market by Country, 2021 - 2024, USD Million
- TABLE 21 Asia Pacific Grid-Scale ESS & Others Market by Country, 2025 - 2032, USD Million
- TABLE 22 Asia Pacific Second Life EV Battery Market by Country, 2021 - 2024, USD Million
- TABLE 23 Asia Pacific Second Life EV Battery Market by Country, 2025 - 2032, USD Million
- TABLE 24 China Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 25 China Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 26 China Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 27 China Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 28 China Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 29 China Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 30 Japan Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 31 Japan Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 32 Japan Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 33 Japan Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 34 Japan Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 35 Japan Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 36 India Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 37 India Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 38 India Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 39 India Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 40 India Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 41 India Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 42 South Korea Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 43 South Korea Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 44 South Korea Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 45 South Korea Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 46 South Korea Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 47 South Korea Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 48 Singapore Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 49 Singapore Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 50 Singapore Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 51 Singapore Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 52 Singapore Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 53 Singapore Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 54 Malaysia Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 55 Malaysia Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 56 Malaysia Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 57 Malaysia Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 58 Malaysia Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 59 Malaysia Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 60 Rest of Asia Pacific Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 61 Rest of Asia Pacific Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 62 Rest of Asia Pacific Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 63 Rest of Asia Pacific Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 64 Rest of Asia Pacific Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 65 Rest of Asia Pacific Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 66 Key Information - Nissan Chemical Corporation
- TABLE 67 key Information - BYD Company Ltd.
- TABLE 68 key information - LG Chem Ltd.
- TABLE 69 Key Information - Samsung Electronics Co., Ltd.
- TABLE 70 key Information - Tesla, Inc.
- TABLE 71 key information - BMW AG
- TABLE 72 key Information - Volvo Group
- TABLE 73 Key Information - Mitsubishi Electric Corporation
- TABLE 74 key information - Mercedes-Benz Group AG
- TABLE 75 key Information - Hyundai Motor Company
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 Asia Pacific Second Life EV Battery Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting Asia Pacific 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 Asia Pacific Second Life EV Battery Market Share by End Use, 2024
- FIG 11 Asia Pacific Second Life EV Battery Market Share by End Use, 2032
- FIG 12 Asia Pacific Second Life EV Battery Market by End Use, 2021 - 2032, USD Million
- FIG 13 Asia Pacific Second Life EV Battery Market by Application, 2024
- FIG 14 Asia Pacific Second Life EV Battery Market by Application, 2032
- FIG 15 Asia Pacific Second Life EV Battery Market by Application, 2021 - 2032, USD Million
- FIG 16 Asia Pacific Second Life EV Battery Market Share by Country, 2024
- FIG 17 Asia Pacific Second Life EV Battery Market Share by Country, 2032
- FIG 18 Asia Pacific 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
