Global second-life battery market forecast to reach USD 46.9 billion

The global second-life battery market is projected to reach USD 46.9 billion, according to a GlobeNewswire report. The forecast reflects growing commercial interest in repurposing end-of-life EV batteries for stationary energy storage and other applications. No timeline for the valuation was specified in the available excerpt.

Why it matters: Second-life battery systems offer CPOs and site developers a lower-cost energy storage option to support grid services, demand management and renewable integration at charging hubs. The market's expansion signals maturing supply chains and financing structures around battery reuse, which can improve project economics for large-scale charging infrastructure.