PUBLISHER: KBV Research | PRODUCT CODE: 1871374
PUBLISHER: KBV Research | PRODUCT CODE: 1871374
LAMEA 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 Latin America, Middle East and Africa Second Life EV Battery Market would witness market growth of 44.9% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA 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 $692 million by 2032. The Argentina market is showcasing a CAGR of 45.7% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 43.4% during (2025 - 2032). The Brazil and UAE led the LAMEA Second Life EV Battery Market by Country with a market share of 33.5% and 13.7% in 2024. The South Africa market is expected to witness a CAGR of 45.8% during throughout the forecast period.
As more people buy electric vehicles (EVs), the LAMEA region (Latin America, the Middle East, and Africa) is slowly starting to use second-life EV batteries. This is because the demand for energy storage is growing and the goals of the circular economy are getting stronger. Old EV batteries that still have 70-80% of their capacity are being used again for backup systems, microgrids, and grid support. Brazil and other Latin American countries are starting pilot projects, and their governments are putting in place policies for managing battery waste and creating a circular value chain. The area is starting to move from recycling to reuse, but development is still in its early stages. This is because the potential for renewable energy is growing and regulations are changing.
Companies in LAMEA are creating second-life battery ecosystems by working together, managing the batteries' lifecycles, and reusing them in specific applications. OEMs, recyclers, and energy-storage companies work together to collect, test, and repurpose used EV batteries for low-demand uses like backup power for businesses and smoothing out renewable energy. OEMs have an edge right now because it's easier for them to get batteries, but first movers can catch up by building up their logistics and certification systems. As rules become stricter and more electric vehicles are retired, competition will focus on safety, cost-effectiveness, and integrating the value chain. This will make it easier for second-life battery systems to be widely used in the area.
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 Brazil Second Life EV Battery Market by Application; The Power Backup/UPS market achieved a market size of USD $21.4 Million in 2024 and is expected to grow at a CAGR of 42.8 % during the forecast period. The EV Charging Stations market is predicted to experience a CAGR of 44.8% throughout the forecast period from (2025 - 2032).
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 South Africa Second Life EV Battery Market by End Use is expected to grow at a CAGR of 45.2 % during the forecast period thereby continuing its dominance until 2032. Also, The Residential market is anticipated to grow as a CAGR of 46.9 % during the forecast period during (2025 - 2032).
Country Outlook
Brazil is emerging as a promising market for second-life EV batteries, driven by growing EV adoption, strong automotive manufacturing capabilities, and rising renewable-energy integration. Government initiatives such as the National Policy on Solid Waste Management and the National Policy on Climate Change promote battery collection, reuse, and lifecycle extension, supporting circular-economy goals. The market is shifting from traditional recycling to repurposing EV batteries-many retaining 70-80% capacity-for stationary storage applications like grid balancing, backup power, and renewable integration. However, challenges such as limited collection and repurposing infrastructure, certification gaps, and complex logistics across Brazil's vast geography hinder large-scale adoption. Automotive OEMs, energy-storage firms, and utilities are exploring partnerships to build reuse ecosystems, while international players may enter via collaborations. With supportive regulation and rising energy-storage demand, Brazil's second-life EV battery market holds strong potential but remains at a nascent stage requiring greater standardization and commercial maturity.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Second Life EV Battery Market, by End Use
- 1.4.2 LAMEA Second Life EV Battery Market, by Application
- 1.4.3 LAMEA 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 - LAMEA Second Life EV Battery Market
Chapter 5. State of Competition - LAMEA 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. LAMEA Second Life EV Battery Market by End Use
- 11.1 LAMEA Commercial & Industrial (C&I) Market by Country
- 11.2 LAMEA Utilities Market by Country
- 11.3 LAMEA Residential Market by Country
Chapter 12. LAMEA Second Life EV Battery Market by Application
- 12.1 LAMEA Power Backup/UPS Market by Country
- 12.2 LAMEA Renewable Energy Storage Market by Country
- 12.3 LAMEA EV Charging Stations Market by Country
- 12.4 LAMEA Grid-Scale ESS & Others Market by Country
Chapter 13. LAMEA Second Life EV Battery Market by Country
- 13.1 Brazil Second Life EV Battery Market
- 13.1.1 Brazil Second Life EV Battery Market by End Use
- 13.1.2 Brazil Second Life EV Battery Market by Application
- 13.2 Argentina Second Life EV Battery Market
- 13.2.1 Argentina Second Life EV Battery Market by End Use
- 13.2.2 Argentina Second Life EV Battery Market by Application
- 13.3 UAE Second Life EV Battery Market
- 13.3.1 UAE Second Life EV Battery Market by End Use
- 13.3.2 UAE Second Life EV Battery Market by Application
- 13.4 Saudi Arabia Second Life EV Battery Market
- 13.4.1 Saudi Arabia Second Life EV Battery Market by End Use
- 13.4.2 Saudi Arabia Second Life EV Battery Market by Application
- 13.5 South Africa Second Life EV Battery Market
- 13.5.1 South Africa Second Life EV Battery Market by End Use
- 13.5.2 South Africa Second Life EV Battery Market by Application
- 13.6 Nigeria Second Life EV Battery Market
- 13.6.1 Nigeria Second Life EV Battery Market by End Use
- 13.6.2 Nigeria Second Life EV Battery Market by Application
- 13.7 Rest of LAMEA Second Life EV Battery Market
- 13.7.1 Rest of LAMEA Second Life EV Battery Market by End Use
- 13.7.2 Rest of LAMEA 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 LAMEA Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 2 LAMEA Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria - Second Life EV Battery Market
- TABLE 4 LAMEA Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 5 LAMEA Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 6 LAMEA Commercial & Industrial (C&I) Market by Country, 2021 - 2024, USD Million
- TABLE 7 LAMEA Commercial & Industrial (C&I) Market by Country, 2025 - 2032, USD Million
- TABLE 8 LAMEA Utilities Market by Country, 2021 - 2024, USD Million
- TABLE 9 LAMEA Utilities Market by Country, 2025 - 2032, USD Million
- TABLE 10 LAMEA Residential Market by Country, 2021 - 2024, USD Million
- TABLE 11 LAMEA Residential Market by Country, 2025 - 2032, USD Million
- TABLE 12 LAMEA Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 13 LAMEA Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 14 LAMEA Power Backup/UPS Market by Country, 2021 - 2024, USD Million
- TABLE 15 LAMEA Power Backup/UPS Market by Country, 2025 - 2032, USD Million
- TABLE 16 LAMEA Renewable Energy Storage Market by Country, 2021 - 2024, USD Million
- TABLE 17 LAMEA Renewable Energy Storage Market by Country, 2025 - 2032, USD Million
- TABLE 18 LAMEA EV Charging Stations Market by Country, 2021 - 2024, USD Million
- TABLE 19 LAMEA EV Charging Stations Market by Country, 2025 - 2032, USD Million
- TABLE 20 LAMEA Grid-Scale ESS & Others Market by Country, 2021 - 2024, USD Million
- TABLE 21 LAMEA Grid-Scale ESS & Others Market by Country, 2025 - 2032, USD Million
- TABLE 22 LAMEA Second Life EV Battery Market by Country, 2021 - 2024, USD Million
- TABLE 23 LAMEA Second Life EV Battery Market by Country, 2025 - 2032, USD Million
- TABLE 24 Brazil Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 25 Brazil Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 26 Brazil Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 27 Brazil Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 28 Brazil Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 29 Brazil Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 30 Argentina Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 31 Argentina Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 32 Argentina Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 33 Argentina Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 34 Argentina Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 35 Argentina Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 36 UAE Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 37 UAE Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 38 UAE Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 39 UAE Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 40 UAE Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 41 UAE Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 42 Saudi Arabia Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 43 Saudi Arabia Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 44 Saudi Arabia Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 45 Saudi Arabia Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 46 Saudi Arabia Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 47 Saudi Arabia Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 48 South Africa Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 49 South Africa Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 50 South Africa Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 51 South Africa Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 52 South Africa Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 53 South Africa Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 54 Nigeria Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 55 Nigeria Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 56 Nigeria Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 57 Nigeria Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 58 Nigeria Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 59 Nigeria Second Life EV Battery Market by Application, 2025 - 2032, USD Million
- TABLE 60 Rest of LAMEA Second Life EV Battery Market, 2021 - 2024, USD Million
- TABLE 61 Rest of LAMEA Second Life EV Battery Market, 2025 - 2032, USD Million
- TABLE 62 Rest of LAMEA Second Life EV Battery Market by End Use, 2021 - 2024, USD Million
- TABLE 63 Rest of LAMEA Second Life EV Battery Market by End Use, 2025 - 2032, USD Million
- TABLE 64 Rest of LAMEA Second Life EV Battery Market by Application, 2021 - 2024, USD Million
- TABLE 65 Rest of LAMEA 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 LAMEA Second Life EV Battery Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting LAMEA 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 LAMEA Second Life EV Battery Market Share by End Use, 2024
- FIG 11 LAMEA Second Life EV Battery Market Share by End Use, 2032
- FIG 12 LAMEA Second Life EV Battery Market by End Use, 2021 - 2032, USD Million
- FIG 13 LAMEA Second Life EV Battery Market Share by Application, 2024
- FIG 14 LAMEA Second Life EV Battery Market Share by Application, 2032
- FIG 15 LAMEA Second Life EV Battery Market by Application, 2021 - 2032, USD Million
- FIG 16 LAMEA Second Life EV Battery Market Share by Country, 2024
- FIG 17 LAMEA Second Life EV Battery Market Shareby Country, 2032
- FIG 18 LAMEA 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
