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Electric Vehicle Battery Swapping Market by Service Type (Subscription Model and Pay-Per-Use Model) and Vehicle Type (Two-Wheelers, Three-Wheelers, Passenger Cars, and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10601
Pages: 240
Mar 2021 | 289 Views
 
Author(s) : Akshay Jadhav , Sonia Mutreja
Tables: 94
Charts: 52
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Electric Vehicle Battery Swapping Market Statistics - 2027

The global electric vehicle battery swapping market was valued at $118.4 million in 2019, and is projected to reach $409.9 million by 2027, registering a CAGR of 22.3%.  

Rapid spread of COVID-19 had a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles. Impact of the current global economic conditions and market sentiment directly affect business of key players. Although, many challenges lie ahead, corona virus could accelerate some beneficial trends. For instance, electrification is expected to increase in select segments, such as two-wheel (2W) and three-wheel (3W) vehicles, and shared mobility could also increase, owing to growth of various use cases such as last-mile delivery, ride hailing, and rentals. As they prepare for the future, a solid understanding of changed landscape can help OEMs and other stakeholders update their strategies for the electric vehicle battery swapping market.

Electric vehicle battery swapping is a place at which an electric vehicle's discharged battery or battery pack can be immediately swapped for a fully charged one, eliminating the delay involved in waiting for vehicle's battery to charge. Battery swapping stations offer a quicker solution to address range anxiety, where each battery swap takes less than 10 minutes and requires much smaller space to install compared to charging stations. In addition, battery-as-a-service (BaaS) is another solution gaining traction in the battery swapping industry, given its impact on reducing high upfront price of electric vehicles by separating battery ownership. Moreover, battery swapping reduces down-time and acquisition cost of a vehicle as customer pays only for the energy. 

Electric-Vehicle-Battery-Swapping-2020-2027

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COVID Impact Analysis: 

Rapid spread of COVID-19 had a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles. Impact of the current global economic conditions and market sentiment directly affect business of key players. Although, many challenges lie ahead, coronavirus could accelerate some beneficial trends. For instance, electrification is expected to increase in select segments, such as two-wheel (2W) and three-wheel (3W) vehicles, and shared mobility could also increase, owing to growth of various use cases such as last-mile delivery, ride hailing, and rentals. As they prepare for the future, a solid understanding of changed landscape can help OEMs and other stakeholders update their strategies for the electric vehicle battery swapping market.  

Rise in demand for electric vehicles, coupled with lack of adequate public charging facilities and reduced time for electric vehicle charging are anticipated to drive the market growth. However, differentiation in battery technology and design and high initial set-up and operating cost of battery swapping station hamper the market growth. Further, rapid emergence of shared e-mobility and introduction of innovative & advanced battery swapping model and services by market players are some of the factors that are expected to offer lucrative opportunities for the electric vehicle battery swapping market growth during forecasted period.

Electric Vehicle Battery Swapping Market
By Service Type

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Pay-Per-Use Model segment is projected as the most lucrative segments

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The market is segmented on the basis of service type, vehicle type and region. On the basis of service type, it is bifurcated into subscription model and pay-per-use model. On the basis of vehicle type, it is categorized into two-wheeler, three-wheeler, passenger cars, and commercial vehicles. By region, the electric vehicle battery swapping market is segmented across North America, Europe, Asia-Pacific and LAMEA.

The major companies profiled in the electric vehicle battery swapping market include Amara Raja, Amplify Mobility, ChargeMYGaadi, EChargeUp solutions pvt Ltd, Esmito Solutions Pvt Ltd, Gogoro, Inc., Lithion Power Pvt Ltd, NIO, Inc., Numocity, Oyika Pte Ltd, Panasonic India Pvt. Ltd., Revolt Motors, SUN Mobility Pvt. Ltd, TATA Power, and VoltUp

Electric Vehicle Battery Swapping Market
By Vehicle Type

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Two-Wheeler segment is projected as the most lucrative segments

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Increase in demand for electric vehicles, coupled with lack of adequate public charging facilities

Popularity of electric vehicles has increased over years as they are more efficient and eco-friendlier. In addition, growth in consumer demand to maximize vehicle efficiency and minimize fuel costs has led to consistent technological advancements in electric vehicles. Moreover, rise in costs of gasoline, coupled with stringent governmental regulations pertaining to carbon dioxide emissions are pushing adoption of electric vehicles in developed regions such as North America and Europe. However, driving range of electric vehicles per single charge is limited and may need to charge twice a day based on usages, which requires up to 6 to 10 hours to full charge a battery. Thus, battery swapping leads to near zero down time for electric vehicles as compared to 6-10 hours daily down time with traditional charging. Furthermore, lack of adequate public charging facilities for electric vehicle charging and lack of standardization of charging infrastructure also fuels demand for battery swapping stations. Therefore, such factors collectively drive growth of the electric vehicle battery swapping market.

Reduced time for electric vehicle charging

Charging time is an important factor for functioning of electric vehicles, especially in long-hauling applications. Currently, most electric vehicles employ a slow charging system to recharge battery. This charging system usually takes up to eight hours to full charge a battery. In addition, generally electric two-wheelers, three-wheelers, and four-wheelers have on-board chargers that charge the vehicle at the rate of 2.5–3 kW per hour. These chargers charge a two-wheeler (for a battery with an energy density up to 3 kWh) in no less than an hour. In addition, these chargers charge a four-wheeler or larger vehicle with batteries of 12 kWh or more in no less than five to six hours. Hence, battery swapping technology plays a vital role by eliminating such issues. It significantly decreases waiting time by interchanging of batteries within three minutes. For this, user just needs to go to a swapping station and get the depleted battery replaced with fully charged one. Therefore, implementation of battery swapping reduces the time for electric vehicle charging, which, in turn, drives growth of the electric vehicle battery swapping market.

Electric Vehicle Battery Swapping Market
By region

2027
Asia-pacific 
North America
Europe
Lamea

LAMEA by region segment is projected as the most lucrative segments

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Key Benefits For Stakeholders

  • This study presents analytical depiction of the electric vehicle battery swapping market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall market potential is determined to understand profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current electric vehicle battery swapping market size is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the electric vehicle battery swapping industry.

Key Market Segments

By Service Type

  • Subscription Model
  • Pay-Per-Use Model

By Vehicle Type

  • Two-Wheeler
  • Three-Wheeler
  • Passenger Cars
  • Commercial Vehicles

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Netherlands
    • Norway
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Amara Raja
  • Amplify Mobility
  • ChargeMYGaadi
  • EChargeUp solutions pvt Ltd
  • Esmito Solutions Pvt Ltd
  • Gogoro, Inc.
  • Lithion Power Pvt Ltd
  • NIO, Inc.
  • Numocity
  • Oyika Pte Ltd
  • Panasonic India Pvt. Ltd.
  • Revolt Motors
  • SUN Mobility Pvt. Ltd
  • TATA Power
  • VoltUp
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Market share analysis (2019)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increasing demand for electric vehicles coupled with the lack of adequate public charging facilities
3.5.1.2.Reduced time for electric vehicle charging

3.5.2.Restraints

3.5.2.1.Differentiation in battery technology and design
3.5.2.2.High initial set-up and operating cost of battery swapping station

3.5.3.Opportunities

3.5.3.1.Rapid emergence of shared e-mobility
3.5.3.2.Introduction of innovative & advanced battery swapping model and services

3.6.Impact of COVID-19 on market

3.6.1.Evolution of outbreaks

3.6.1.1.COVID-19

3.6.2.Micro economic Impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic Impact analysis

3.6.3.1.GDP
3.6.3.2.Import/Export Analysis
3.6.3.3.Employment Index
3.6.3.4.Macro-Economic Indicators Projections

3.6.4.Impact on industry analysis

CHAPTER 4:ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE

4.1.Overview
4.2.Subscription Model

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Pay-Per-Use Model

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE

5.1.Overview
5.2.Two-Wheeler

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Three-Wheeler

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Passenger Cars

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Commercial Vehicles

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by service type
6.2.3.Market size and forecast, by vehicle type
6.2.4.Market size and forecast, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by service type
6.2.4.1.2.Market size and forecast, by vehicle type

6.2.4.2.Canada

6.2.4.2.2.Market size and forecast, by service type
6.2.4.2.3.Market size and forecast, by vehicle type

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by service type
6.2.4.3.2.Market size and forecast, by vehicle type

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by service type
6.3.3.Market size and forecast, by vehicle type
6.3.4.Market size and forecast, by country

6.3.4.1.UK

6.3.4.1.1.Market size and forecast, by service type
6.3.4.1.2.Market size and forecast, by vehicle type

6.3.4.2.Germany

6.3.4.2.2.Market size and forecast, by service type
6.3.4.2.3.Market size and forecast, by vehicle type

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by service type
6.3.4.3.2.Market size and forecast, by vehicle type

6.3.4.4.Netherlands

6.3.4.4.1.Market size and forecast, by service type
6.3.4.4.2.Market size and forecast, by vehicle type

6.3.4.5.Rest of Europe

6.3.4.5.1.Market size and forecast, by service type
6.3.4.5.2.Market size and forecast, by vehicle type

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by service type
6.4.3.Market size and forecast, by vehicle type
6.4.4.Market size and forecast, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by service type
6.4.4.1.2.Market size and forecast, by vehicle type

6.4.4.2.Japan

6.4.4.2.2.Market size and forecast, by service type
6.4.4.2.3.Market size and forecast, by vehicle type

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by service type
6.4.4.3.2.Market size and forecast, by vehicle type

6.4.4.4.South Korea

6.4.4.4.1.Market size and forecast, by service type
6.4.4.4.2.Market size and forecast, by vehicle type

6.4.4.5.Rest of Asia-Pacific

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by service type
6.5.3.Market size and forecast, by vehicle type
6.5.4.Market size and forecast, by country

6.5.4.1.Latin America

6.5.4.1.1.Market size and forecast, by service type
6.5.4.1.2.Market size and forecast, by vehicle type

6.5.4.2.Middle East

6.5.4.2.2.Market size and forecast, by service type
6.5.4.2.3.Market size and forecast, by vehicle type

6.5.4.3.Africa

6.5.4.3.1.Market size and forecast, by service type
6.5.4.3.2.Market size and forecast, by vehicle type

CHAPTER 7:COMPANY PROFILES

7.1.Amara Raja Battery Limited

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Product portfolio
7.1.5.Business performance
7.1.6.Key strategic moves and developments

7.2.Amplify Cleantech Solutions Private Limited

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Product portfolio

7.3.ChargeMyGaadi

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Product portfolio

7.4.Echargeup

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio
7.4.4.Key strategic moves and developments

7.5.Esmito Solutions Pvt Ltd.

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio

7.6.Gogoro Inc.

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Key strategic moves and developments

7.7.Lithion Power Private Limited

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio
7.7.4.Key strategic moves and developments

7.8.NIO Inc.

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product portfolio
7.8.5.Business performance
7.8.6.Key strategic moves and developments

7.9.Numocity Technologies Pvt Ltd.

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Product portfolio
7.9.4.Key strategic moves and developments

7.10.Oyika

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Product portfolio
7.10.4.Key strategic moves and developments

7.11.Panasonic Corporation

7.11.1.Company overview
7.11.2.Company snapshot
7.11.3.Operating business segments
7.11.4.Product portfolio
7.11.5.Business performance
7.11.6.Key strategic moves and developments

7.12.Revolt Motors

7.12.1.Company overview
7.12.2.Company snapshot
7.12.3.Product portfolio
7.12.4.Key strategic moves and developments

7.13.SUN Mobility

7.13.1.Company overview
7.13.2.Company snapshot
7.13.3.Product portfolio
7.13.4.Key strategic moves and developments

7.14.Tata Power

7.14.1.Company overview
7.14.2.Company snapshot
7.14.3.Operating business segments
7.14.4.Product portfolio
7.14.5.Business performance
7.14.6.Key strategic moves and developments

7.15.VoltUP

7.15.1.Company overview
7.15.2.Company snapshot
7.15.3.Product portfolio
7.15.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS
TABLE 02.ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 03.SUBSCRIPTION MODEL ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 04.PAY-PER-USE MODEL ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 05.ELECTRIC VEHICLE BATTERY SWAPPING MARKET, VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 06.TWO-WHEELERS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 07.THREE-WHEELER ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 08.PASSENGER CARS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 09.COMMERCIAL VEHICLE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 10.ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 11.NORTH AMERICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 12.NORTH AMERICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 13.U.S. ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 14.U.S. ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 15.CANADA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 16.CANADA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 17.MEXICO ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 18.MEXICO ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 19.EUROPE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 20.EUROPE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 21.UK ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 22.UK ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 23.GERMANY ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 24.GERMANY ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 25.FRANCE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 26.FRANCE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 27.NETHERLANDS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 28.NETHERLANDS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 29.REST OF EUROPE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 30.REST OF EUROPE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 31.ASIA-PACIFIC ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 32.ASIA-PACIFIC ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 33.CHINA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 34.CHINA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 35.JAPAN ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 36.JAPAN ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 37.INDIA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 38.INDIA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 39.SOUTH KOREA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 40.SOUTH KOREA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 41.LAMEA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 42.LAMEA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 43.LATIN AMERICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 44.LATIN AMERICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 45.MIDDLE EAST ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 46.MIDDLE EAST ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 47.AFRICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 48.AFRICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2019–2027 ($MILLION)
TABLE 49.AMARA RAJA BATTERY LIMITED: COMPANY SNAPSHOT
TABLE 50.AMARA RAJA BATTERIES LIMITED: OPERATING SEGMENTS
TABLE 51.AMARA RAJA BATTERIES LIMITED: PRODUCT PORTFOLIO
TABLE 52.AMARA RAJA BATTERIES LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 53.AMPLIFY CLEANTECH SOLUTIONS PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 54.AMPLIFY CLEANTECH SOLUTIONS PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 55.CHARGEMYGAADI: COMPANY SNAPSHOT
TABLE 56.CHARGEMYGAADI: PRODUCT PORTFOLIO
TABLE 57.ECHARGEUP: COMPANY SNAPSHOT
TABLE 58.ECHARGEUP: PRODUCT PORTFOLIO
TABLE 59.ECHARGEUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 60.ESMITO SOLUTIONS PVT LTD.: COMPANY SNAPSHOT
TABLE 61.ESMITO SOLUTIONS PVT LTD.: PRODUCT PORTFOLIO
TABLE 62.GOGORO INC.: COMPANY SNAPSHOT
TABLE 63.GOGORO INC.: PRODUCT PORTFOLIO
TABLE 64.GOGORO INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 65.LITHION POWER PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 66.LITHION POWER PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 67.LITHION POWER PRIVATE LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 68.NIO INC.: COMPANY SNAPSHOT
TABLE 69.NIO INC.: OPERATING SEGMENTS
TABLE 70.NIO INC.: PRODUCT PORTFOLIO
TABLE 71.NIO INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 72.NUMOCITY TECHNOLOGIES PVT LTD.: COMPANY SNAPSHOT
TABLE 73.NUMOCITY TECHNOLOGIES PVT LTD.: PRODUCT PORTFOLIO
TABLE 74.NUMOCITY TECHNOLOGIES PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75.OYIKA: COMPANY SNAPSHOT
TABLE 76.OYIKA: PRODUCT PORTFOLIO
TABLE 77.OYIKA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 79.PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 80.PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 81.PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 82.REVOLT MOTORS: COMPANY SNAPSHOT
TABLE 83.REVOLT MOTORS: PRODUCT PORTFOLIO
TABLE 84.REVOLT MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85.SUN MOBILITY: COMPANY SNAPSHOT
TABLE 86.SUN MOBILITY: PRODUCT PORTFOLIO
TABLE 87.SUN MOBILITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 88.TATA POWER: COMPANY SNAPSHOT
TABLE 89.TATA POWER: OPERATING SEGMENTS
TABLE 90.TATA POWER: PRODUCT PORTFOLIO
TABLE 91.TATA POWER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 92.VOLTUP: COMPANY SNAPSHOT
TABLE 93.VOLTUP: PRODUCT PORTFOLIO
TABLE 94.VOLTUP: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021*
FIGURE 09.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.ELECTRIC VEHICLE BATTERY SWAPPING MARKET SHARE, BY SERVICE TYPE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SUBSCRIPTION MODEL ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF PAY-PER-USE MODEL ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.ELECTRIC VEHICLE BATTERY SWAPPING MARKET SHARE, BY VEHICLE TYPE, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF TWO-WHEELERS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF THREE-WHEELER ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF PASSENGER CARS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL VEHICLE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23.ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY REGION, 2019–2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 25.U.S. ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 26.CANADA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 27.MEXICO ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 29.UK ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 30.GERMANY ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 31.FRANCE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 32.NETHERLANDS ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 33.REST OF EUROPE ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 35.CHINA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 36.JAPAN ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 37.INDIA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 38.SOUTH KOREA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 39.REST OF ASIA-PACIFIC ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF ELECTRIC VEHICLE BATTERY SWAPPING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 41.LATIN AMERICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 42.MIDDLE EAST ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 43.AFRICA ELECTRIC VEHICLE BATTERY SWAPPING MARKET, 2019–2027 ($MILLION)
FIGURE 44.AMARA RAJA BATTERIES LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 45.NIO INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 46.NIO INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 47.PANASONIC CORPORATION: NET SALES, 2018–2020 ($MILLION)
FIGURE 48.PANASONIC CORPORATION: NET SALES SHARE BY SEGMENT, 2020 (%)
FIGURE 49.PANASONIC CORPORATION: NET SALES SHARE BY REGION, 2020 (%)
FIGURE 50.TATA POWER: NET SALES, 2018–2020 ($MILLION)
FIGURE 51.TATA POWER: NET SALES SHARE BY SEGMENT, 2020 (%)
FIGURE 52.TATA POWER: NET SALES SHARE BY REGION, 2020 (%)

 
 

According to the insights of CXOs of leading companies, the electric vehicle battery swapping market is projected to witness moderate growth rate, owing to increase in demand for electric vehicles, coupled with lack of adequate public charging facilities. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings.

For instance, according to Ola Electric Co-Founder Ankit Jain, the battery swapping market has a significant potential to grow in the future as a mode for charging small vehicles, creating favorable economics for consumers and for the power sector. In addition, according to P R Kumar, CEO of BSES Yamuna Power Limited (BYPL), setting-up of battery swapping stations will eliminate the wait-time for charging, thus removing a major impediment preventing adoption of electric vehicles. In addition, he said, such measures would provide much-needed trigger to increase adoption of electric vehicles and help in reducing pollution.

Moreover, the electric vehicle battery swapping market is driven by reduced time for electric vehicle charging, resulting in rise in demand for electric vehicle battery swapping. In addition, introduction of innovative & advanced battery swapping models and services by market players also foster growth of market. However, differentiation in battery technology & design and high initial set-up & operating cost of battery swapping stations hinder the market growth.

Among the analyzed regions, Asia-Pacific accounted for the highest revenue in the global market in 2019. However, LAMEA is expected to grow at a higher rate, predicting lucrative opportunities for key players operating in the electric vehicle battery swapping market.

 
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FREQUENTLY ASKED QUESTIONS?
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A. The global electric vehicle battery swapping market was valued at $118,447.00 thousand in 2019, and is projected to reach $409,994.20 thousand by 2027, registering a CAGR of 22.3% from 2020 to 2027.

A. There are certain upcoming trands in such as rapid emergence of shared e-mobility and introduction of innovative & advanced battery swapping model and services by market players

A. The report sample for global electric vehicle battery swapping market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. The impact of the current global economic conditions and market sentiment directly affects the business of key players. Although, many challenges lie ahead, the coronavirus could accelerate some beneficial trends. For instance, electrification will increase in select segments, such as two-wheel (2W) and three-wheel (3W) vehicles, and shared mobility could also increase because of the growth of various use cases, such as last-mile delivery, ride hailing, and rentals.

A. The key growth strategies adopted by the EV battery swapping industry players includes collaboration, product launch, agreement and partnership. These strategies opted by various industry players is leading to the growth of the EV battery swapping market as well as the players.

A. The company profiles of the top ten players of the electric vehicle battery swapping market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Asia-Pacific region is leading the market presently in terms of revenue. However, LAMEA and Europe region is expected to provide more business opportunities for the key players operating in the global electric vehicle battery swapping market.

A. By vehicle type, two-wheeler segment is expacted to gain traction over the forecast period as well as domainate the market share in the global electric vehicle battery swapping market

A. Mexico, Singapore and rest of Europe has wirnessed as a key matured markets growing in the global electric vehicle battery swapping market

A. Differentiation in battery technology and design and high initial set-up and operating cost of battery swapping station have strong impact on the market

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