Electrifying Growth: Global Second-Life Automotive Lithium-Ion Battery Market Forecast

 In 2023, the global second-life automotive lithium-ion battery market was valued at $0.78 billion, poised for significant progress during the forecast period of 2025–2030 with a Compound Annual Growth Rate (CAGR) of 12.8%. This growth is primarily attributed to the costly nature of battery recycling and the rising global adoption of electric vehicles (EVs), both contributing to the expansion of the second-life lithium-ion automotive battery industry.

An important driver behind this growth is the increasing focus of policymakers in several countries on enacting policies and regulations that promote the use of electric vehicles. These initiatives are not only boosting the adoption of EVs but also fueling the sales of used car lithium-ion batteries worldwide.

In 2019, the base station segment held the largest share in the second-life automotive lithium-ion battery industry. This is primarily due to the fact that battery systems are increasingly utilized as aggregated and dispersed reserve assets for frequency containment disruptions in telecommunications base stations. This trend is expected to continue driving the growth of the base station segment within the second-life automotive lithium-ion battery market.

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