Europe Second Life EV Battery Market Size, Share & Industry Analysis Report By End Use (Commercial & Industrial (C&I), Utilities and Residential), By Application (Power Backup/UPS, Renewable Energy Storage, EV Charging Stations and Grid-Scale ESS & Others
Description
The Europe Second Life EV Battery Market would witness market growth of 42.1% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe 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 $1,558.5 million by 2032. The UK market is experiencing a CAGR of 40.4% during (2025 - 2032). Additionally, The France market would exhibit a CAGR of 43.4% during (2025 - 2032). The Germany and UK led the Europe Second Life EV Battery Market by Country with a market share of 28.5% and 14.7% in 2024. The Spain market is expected to witness a CAGR of 44.7% during throughout the forecast period.
The growing trend in Europe toward electric vehicles and renewable energy is giving second-life EV batteries a lot of energy. The European Commission's circular economy policies and the new EU Battery Regulation (2023/1542) are helping the region move from pilot projects to commercial use of repurposed EV batteries for stationary energy storage. Battery2Life and RECIRCULATE are two programs that are helping to standardize the processes for reusing batteries. At the same time, OEMs and energy-storage companies are working together to make batteries last longer than just when they are in vehicles. Companies like Voltfang in Germany are building big factories to fix batteries, which shows how this industry is becoming more industrialized. The government's focus on battery traceability, reuse, and lifecycle management is bringing together OEMs, recyclers, and system integrators into a single ecosystem. This makes reuse a viable economic and environmental strategy.
European companies are focusing on full lifecycle management, ecosystem partnerships, and cost-effective deployment models for second-life batteries as part of their overall strategy. OEMs are making packs that are modular and easy to service so that they can be reused. Partnerships in testing, diagnostics, and integration make sure that batteries are always available for grid or industrial use. Using EU money from programs like Horizon Europe can help reduce the risks of early-stage businesses and make demonstration projects bigger. OEMs, repurposers, and specialist firms are all competing more fiercely, and success depends on having access to batteries, being ready for certification, and being efficient with logistics. Europe is becoming a world leader in deploying large-scale second-life EV batteries in a way that is good for the environment. This is happening as the number of EV retirements rises and circular-economy rules become stricter.
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 Germany Second Life EV Battery Market by Application; The Power Backup/UPS market achieved a market size of USD $56 Million in 2024 and is expected to grow at a CAGR of 40 % during the forecast period. The EV Charging Stations market is predicted to experience a CAGR of 41.9% 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 UK 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 41.4 % during the forecast period during (2025 - 2032).
Country Outlook
Germany’s second-life EV battery market is gaining momentum, driven by its strong automotive industry, expanding EV fleet, and supportive regulatory environment. With around 1.4 million BEVs registered in 2024, the country has a growing supply of used batteries suitable for reuse in stationary energy storage. Publicly funded initiatives like Second Life Batteries GmbH and The Battery Lifecycle Company GmbH are piloting repurposing projects, while the new Battery Implementation Act (BattDG), aligned with EU Regulation 2023/1542, strengthens take-back obligations and lifecycle management. Demand for flexible storage to support renewables further boosts the market, though challenges around safety, standardization, and economic viability remain. Backed by OEM participation and policy support, Germany is well-positioned to emerge as a European leader in circular battery reuse, transitioning from pilot projects toward commercial-scale second-life applications.
List of Key Companies Profiled
By End Use
The Germany market dominated the Europe 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 $1,558.5 million by 2032. The UK market is experiencing a CAGR of 40.4% during (2025 - 2032). Additionally, The France market would exhibit a CAGR of 43.4% during (2025 - 2032). The Germany and UK led the Europe Second Life EV Battery Market by Country with a market share of 28.5% and 14.7% in 2024. The Spain market is expected to witness a CAGR of 44.7% during throughout the forecast period.
The growing trend in Europe toward electric vehicles and renewable energy is giving second-life EV batteries a lot of energy. The European Commission's circular economy policies and the new EU Battery Regulation (2023/1542) are helping the region move from pilot projects to commercial use of repurposed EV batteries for stationary energy storage. Battery2Life and RECIRCULATE are two programs that are helping to standardize the processes for reusing batteries. At the same time, OEMs and energy-storage companies are working together to make batteries last longer than just when they are in vehicles. Companies like Voltfang in Germany are building big factories to fix batteries, which shows how this industry is becoming more industrialized. The government's focus on battery traceability, reuse, and lifecycle management is bringing together OEMs, recyclers, and system integrators into a single ecosystem. This makes reuse a viable economic and environmental strategy.
European companies are focusing on full lifecycle management, ecosystem partnerships, and cost-effective deployment models for second-life batteries as part of their overall strategy. OEMs are making packs that are modular and easy to service so that they can be reused. Partnerships in testing, diagnostics, and integration make sure that batteries are always available for grid or industrial use. Using EU money from programs like Horizon Europe can help reduce the risks of early-stage businesses and make demonstration projects bigger. OEMs, repurposers, and specialist firms are all competing more fiercely, and success depends on having access to batteries, being ready for certification, and being efficient with logistics. Europe is becoming a world leader in deploying large-scale second-life EV batteries in a way that is good for the environment. This is happening as the number of EV retirements rises and circular-economy rules become stricter.
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 Germany Second Life EV Battery Market by Application; The Power Backup/UPS market achieved a market size of USD $56 Million in 2024 and is expected to grow at a CAGR of 40 % during the forecast period. The EV Charging Stations market is predicted to experience a CAGR of 41.9% 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 UK 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 41.4 % during the forecast period during (2025 - 2032).
Country Outlook
Germany’s second-life EV battery market is gaining momentum, driven by its strong automotive industry, expanding EV fleet, and supportive regulatory environment. With around 1.4 million BEVs registered in 2024, the country has a growing supply of used batteries suitable for reuse in stationary energy storage. Publicly funded initiatives like Second Life Batteries GmbH and The Battery Lifecycle Company GmbH are piloting repurposing projects, while the new Battery Implementation Act (BattDG), aligned with EU Regulation 2023/1542, strengthens take-back obligations and lifecycle management. Demand for flexible storage to support renewables further boosts the market, though challenges around safety, standardization, and economic viability remain. Backed by OEM participation and policy support, Germany is well-positioned to emerge as a European leader in circular battery reuse, transitioning from pilot projects toward commercial-scale second-life applications.
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
By End Use
- Commercial & Industrial (C&I)
- Utilities
- Residential
- Power Backup/UPS
- Renewable Energy Storage
- EV Charging Stations
- Grid-Scale ESS & Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
157 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Second Life EV Battery Market, by End Use
- 1.4.2 Europe Second Life EV Battery Market, by Application
- 1.4.3 Europe 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
- 3.2 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 – Europe Second Life EV Battery Market
- Chapter 5. State of Competition – Europe 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. Europe Second Life EV Battery Market by End Use
- 11.1 Europe Commercial & Industrial (C&I) Market by Country
- 11.2 Europe Utilities Market by Country
- 11.3 Europe Residential Market by Country
- Chapter 12. Europe Second Life EV Battery Market by Application
- 12.1 Europe Power Backup/UPS Market by Country
- 12.2 Europe Renewable Energy Storage Market by Country
- 12.3 Europe EV Charging Stations Market by Country
- 12.4 Europe Grid-Scale ESS & Others Market by Country
- Chapter 13. Europe Second Life EV Battery Market by Country
- 13.1 Germany Second Life EV Battery Market
- 13.1.1 Germany Second Life EV Battery Market by End Use
- 13.1.2 Germany Second Life EV Battery Market by Application
- 13.2 UK Second Life EV Battery Market
- 13.2.1 UK Second Life EV Battery Market by End Use
- 13.2.2 UK Second Life EV Battery Market by Application
- 13.3 France Second Life EV Battery Market
- 13.3.1 France Second Life EV Battery Market by End Use
- 13.3.2 France Second Life EV Battery Market by Application
- 13.4 Russia Second Life EV Battery Market
- 13.4.1 Russia Second Life EV Battery Market by End Use
- 13.4.2 Russia Second Life EV Battery Market by Application
- 13.5 Spain Second Life EV Battery Market
- 13.5.1 Spain Second Life EV Battery Market by End Use
- 13.5.2 Spain Second Life EV Battery Market by Application
- 13.6 Italy Second Life EV Battery Market
- 13.6.1 Italy Second Life EV Battery Market by End Use
- 13.6.2 Italy Second Life EV Battery Market by Application
- 13.7 Rest of Europe Second Life EV Battery Market
- 13.7.1 Rest of Europe Second Life EV Battery Market by End Use
- 13.7.2 Rest of Europe 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
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