EV Battery Reuse Market Scope
The concept of reusing EV battery is using batteries of electric vehicle. This reusable batteries can be used in several applications such as storing energy generated from renewable sources to support the government grid. After primary use of EV battery in a vehicle, this battery are reused, materials recovery (recycling), and disposal. Reusing old batteries is effectively used in non-automotive industries like power generation and marine. Geographically, Asia pacific region has have been recognized as highly growing market as many of Asian countries are known as Automobile sector. Therefore, Asia Pacific region are considered to be the dominant market over forecast period.
According to AMA, the Global EV Battery Reuse market is expected to see growth rate of 20.3%The market of EV Battery Reuse is expected to grow with rising automobile sector. Several companies are operating in the market to provide EV Battery Reuse with number of testing and process. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global EV Battery Reuse market throughout the predicted period.
EcoNiLi Battery, Inc. (Malaysia), BYD Co, Ltd. (China), Daimler AG (Germany), Tesla, Inc. (United States), GS Yuasa Corporation (Japan), Toshiba Corporation (Japan), Retriev Technologies (United States), Gravita India Ltd. (India), Fortum (Finland), Solvay S.A. (Belgium) and Volkswagen AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Energus Power Solutions (United States), Umicore (Belgium) and Glencore International AG (Switzerland).
Segmentation Overview
The study have segmented the market of Global EV Battery Reuse market and Region with country level break-up.
On the basis of geography, the market of EV Battery Reuse has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Papua New Guinea, Malaysia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
High Preference for Reusable Batteries
Market Growth Drivers:
Growing Industrial Expenditure of Automobile Sector and Increasing Demand for Electronic Vehicle
Challenges:
Excessive Cost for Manufacturing Setup
Restraints:
Strengthen Regulatory Requirements & Policies
Opportunities:
Growing Technological Advancements in Recycling Process and Huge Demand for Electronic Vehicles over Fuel Based Vehicles
Key Target Audience
EV Battery Reuse Manufacturer, EV Battery Reuse Provider, Raw Material Suppler, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.