Battery Swapping Market by Station Type (Automated and Manual), Service Type, Application (Passenger and Commercial), Battery capacity, Vehicle Type (2-wheeler, 3-wheeler, 4-wheeler), Application and Region - Global Forecast to 2027
The battery swapping market is projected to grow from USD 1.7 Billion in 2022 to USD 11.8 Billion by 2027, at a CAGR of 46.9% during the forecast period.
By solving problems like the high cost of ownership, lengthy battery charging times, and range anxiety of EVs, battery swapping can address the majority of the shortcomings that deter normal consumers from purchasing EVs. There are 2 kinds of battery swapping stations that are mapped, manual and automated. In automated swapping station there is new technological trend known as modular swapping stations which include swapping through modular batteries and resolves issue of battery standardization for instance: An Ample EV battery is made from Lego-like battery modules, these batteries have capability to accommodate any make, design, model or driving profile. Another example CATL's subsidiary CAES launched out EVOGO, which is an innovative modular battery swap solution, this solution includes battery blocks, an app, and fast battery swap stations. CAES solution to the issue related to battery swapping, is based on the separation of vehicle and battery, The company consider battery as a externally shared product, this is creating a whole new experience for the market. “Choco-SEB (swapping electric block)” looks like a bar of chocolate is a mass-produced battery specially evolved for EV battery-swapping. The Choco-SEB boosts the advantages of high-energy density and offers benefits of small size, flexible combination with minimalist design.
“4-wheeler battery swapping market is expected to grow at high CAGR .”
Increasing concerns about vehicle emissions and the rising prices of petrol have pushed OEMs to develop various types of electric vehicles (EVs). These EVs have different specifications and varying battery capacity, range, acceleration, and top speed along with features such as infotainment and IoT. The motor and drive specifications also vary from one vehicle model to another
IoT and CAN (controller area network) that are present in battery swap systems enable continuous tracking and monitoring of battery performance through data analytics. This information is used by BSOs to calculate the current demand and arrange their swap stations' battery inventories most efficiently. With this knowledge, they will be able to entice customers to drop off used batteries at more convenient swap locations. The BSOs can use IoT to observe driver behavior and identify driving trends that affect the battery's rate of discharge.
Manual battery swapping is estimated to be the largest market for battery swapping by station type
In manual swapping stations, the batteries are manually inserted into and removed from the charging source. Unlike other types of swapping stations, manual swapping stations are modular and take up less space. Due to the smaller size and lighter weight of two- and three-wheeler batteries, these systems are mostly employed for these types of vehicles.
Gogoro, Taiwan, SUN Mobility, and Swobbee are some of the major providers of manual swapping stations. Initiatives like expansions and partnerships between local and major players will increase the demand for battery swapping for two-wheelers, especially in Asian countries. In November 2022, Gogoro announced a B2B partnership with the EV-as-a-Service platform Zypp Electric in India to electrify logistics fleets and last-mile deliveries.
In manual battery swapping, exhausted batteries may be immediately swapped out for fully charged ones. This provides EV users with a nearly identical experience to that of a fossil fuel recharging station. They enable the EV owners to effectively pay a subscription for the battery, separating the cost of the battery from the cost of the vehicle and lowering the cost of the EV.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
Research Coverage:
The study segments the battery swapping market and forecasts the market size based on Application, Service type, station type, battery capacity, vehicle type and Region
The study also includes an in-depth competitive analysis of the major battery swapping providers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
By solving problems like the high cost of ownership, lengthy battery charging times, and range anxiety of EVs, battery swapping can address the majority of the shortcomings that deter normal consumers from purchasing EVs. There are 2 kinds of battery swapping stations that are mapped, manual and automated. In automated swapping station there is new technological trend known as modular swapping stations which include swapping through modular batteries and resolves issue of battery standardization for instance: An Ample EV battery is made from Lego-like battery modules, these batteries have capability to accommodate any make, design, model or driving profile. Another example CATL's subsidiary CAES launched out EVOGO, which is an innovative modular battery swap solution, this solution includes battery blocks, an app, and fast battery swap stations. CAES solution to the issue related to battery swapping, is based on the separation of vehicle and battery, The company consider battery as a externally shared product, this is creating a whole new experience for the market. “Choco-SEB (swapping electric block)” looks like a bar of chocolate is a mass-produced battery specially evolved for EV battery-swapping. The Choco-SEB boosts the advantages of high-energy density and offers benefits of small size, flexible combination with minimalist design.
“4-wheeler battery swapping market is expected to grow at high CAGR .”
Increasing concerns about vehicle emissions and the rising prices of petrol have pushed OEMs to develop various types of electric vehicles (EVs). These EVs have different specifications and varying battery capacity, range, acceleration, and top speed along with features such as infotainment and IoT. The motor and drive specifications also vary from one vehicle model to another
IoT and CAN (controller area network) that are present in battery swap systems enable continuous tracking and monitoring of battery performance through data analytics. This information is used by BSOs to calculate the current demand and arrange their swap stations' battery inventories most efficiently. With this knowledge, they will be able to entice customers to drop off used batteries at more convenient swap locations. The BSOs can use IoT to observe driver behavior and identify driving trends that affect the battery's rate of discharge.
Manual battery swapping is estimated to be the largest market for battery swapping by station type
In manual swapping stations, the batteries are manually inserted into and removed from the charging source. Unlike other types of swapping stations, manual swapping stations are modular and take up less space. Due to the smaller size and lighter weight of two- and three-wheeler batteries, these systems are mostly employed for these types of vehicles.
Gogoro, Taiwan, SUN Mobility, and Swobbee are some of the major providers of manual swapping stations. Initiatives like expansions and partnerships between local and major players will increase the demand for battery swapping for two-wheelers, especially in Asian countries. In November 2022, Gogoro announced a B2B partnership with the EV-as-a-Service platform Zypp Electric in India to electrify logistics fleets and last-mile deliveries.
In manual battery swapping, exhausted batteries may be immediately swapped out for fully charged ones. This provides EV users with a nearly identical experience to that of a fossil fuel recharging station. They enable the EV owners to effectively pay a subscription for the battery, separating the cost of the battery from the cost of the vehicle and lowering the cost of the EV.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
- By Company Type: Battery swapping Provider OEM – 24% Tier I- 67% and Tier II & III- 9%
- By Designation: C Level - 33%, Managers- 52%, and Executives – 15%
- By Region: Asia Pacific - 38%, Europe - 34%, North America –28%
Research Coverage:
The study segments the battery swapping market and forecasts the market size based on Application, Service type, station type, battery capacity, vehicle type and Region
The study also includes an in-depth competitive analysis of the major battery swapping providers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall battery swapping market and the sub-segments.
- This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 BATTERY SWAPPING MARKET DEFINITION
TABLE 2 BATTERY SWAPPING MARKET DEFINITION, BY SERVICE TYPE
TABLE 3 BATTERY SWAPPING MARKET DEFINITION, BY VEHICLE TYPE
TABLE 4 BATTERY SWAPPING MARKET DEFINITION, BY BATTERY CAPACITY
TABLE 5 BATTERY SWAPPING MARKET DEFINITION, BY STATION TYPE
TABLE 6 BATTERY SWAPPING MARKET DEFINITION, BY APPLICATION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 7 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONAL SCOPE
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 8 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 BATTERY SWAPPING MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for battery swapping market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key industry insights and breakdown of primary interviews
2.1.2.2 Key industry Insights
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 Primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH: BATTERY SWAPPING MARKET
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH: BATTERY SWAPPING MARKET
FIGURE 8 BATTERY SWAPPING MARKET: MARKET ESTIMATION NOTES
FIGURE 9 BATTERY SWAPPING MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE
2.3 DATA TRIANGULATION
FIGURE 10 DATA TRIANGULATION METHODOLOGY
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.4 FACTOR ANALYSIS
FIGURE 12 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 13 BATTERY SWAPPING MARKET: MARKET OVERVIEW
FIGURE 14 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
FIGURE 15 MANUAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (2022–2027)
FIGURE 16 2-WHEELER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (2022–2027)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY SWAPPING MARKET
FIGURE 17 INCREASING FOCUS ON MICROMOBILITY TO DRIVE BATTERY SWAPPING MARKET
4.2 BATTERY SWAPPING MARKET, BY REGION
FIGURE 18 ASIA PACIFIC ESTIMATED TO BE LARGEST MARKET IN 2022
4.3 BATTERY SWAPPING MARKET, BY STATION TYPE
FIGURE 19 MANUAL SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
4.4 BATTERY SWAPPING MARKET, BY APPLICATION
FIGURE 20 PASSENGER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.5 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY
FIGURE 21 <30 KWH SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
4.6 BATTERY SWAPPING MARKET, BY VEHICLE TYPE
FIGURE 22 2-WHEELER SEGMENT ESTIMATED TO LEAD MARKET IN 2022
4.7 BATTERY SWAPPING MARKET, BY SERVICE TYPE
FIGURE 23 PAY-PER-USE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 BATTERY SWAPPING MARKET: MARKET DYNAMICS
FIGURE 24 BATTERY SWAPPING MARKET: DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising EV sales worldwide
TABLE 9 ELECTRIC SCOOTER AND ELECTRIC MOTORCYCLE SALES GROWTH, 2018–2021 (THOUSAND UNITS)
5.2.1.2 Reducing price of EV batteries
FIGURE 25 PRICE OF EV BATTERIES PER KWH
FIGURE 26 EV BATTERY PRICING ANALYSIS
5.2.1.3 Battery swapping lowers upfront cost of EVs
FIGURE 27 COST COMPARISON OF ELECTRIC AND ICE VEHICLES
5.2.1.4 Increasing reliance on micromobility
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardization of batteries used in different vehicles
FIGURE 28 BATTERY STANDARDIZATION PLANS IN INDIA
5.2.2.2 Low initial acceptance by end users
5.2.2.3 Concerns about battery life
FIGURE 29 BATTERY SOH VS. TIME: VARYING DCFC USE
5.2.3 OPPORTUNITIES
5.2.3.1 Plans of OEMs to sell EVs without batteries to increase demand for Battery-as-a-Service
FIGURE 30 FUNCTIONING OF BATTERY SWAPPING STATIONS
5.2.3.2 Introduction of innovative modular battery swapping solutions
FIGURE 31 EVOGO MODULAR BATTERY SWAPPING STATION
5.2.3.3 Government incentives and regulations for adopting low-emission transportation
FIGURE 32 ELECTRIFICATION TARGETS BY COUNTRIES
5.2.4 CHALLENGES
5.2.4.1 Complex infrastructure of swapping stations
5.2.4.2 Dependence on fossil fuels to generate electricity in many nations
FIGURE 33 TOTAL ENERGY CONSUMPTION BY MAJOR COUNTRIES
5.2.4.3 Shortage of lithium for use in EV batteries
FIGURE 34 LITHIUM-ION DEMAND AND SUPPLY
TABLE 10 BATTERY SWAPPING MARKET: IMPACT OF MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 11 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFT FOR BATTERY SWAPPING MARKET
5.5 CASE STUDIES
5.5.1 FEASIBILITY STUDY ON SWAPPING BATTERY STATION INFRASTRUCTURE FOR ELECTRIC MOTORCYCLES IN THAILAND
5.5.2 GOGORO: REDEFINING URBAN TRANSFORMATION
5.5.3 CONTRIBUTION OF BATTERY SWAP STATIONS TO PEAK SHAVING AND VALLEY FILLING BY LEVERAGING DEMAND RESPONSE AND MOBILE SWAPPING STATION
5.5.4 TESLA: BATTERY SWAPPING STATIONS
5.6 PATENT ANALYSIS
5.6.1 INTRODUCTION
FIGURE 37 PUBLICATION TRENDS (2011–2021)
5.6.2 LEGAL STATUS OF PATENTS
FIGURE 38 LEGAL STATUS OF PATENTS FILED FOR BATTERY SWAPPING
5.6.3 TOP PATENT APPLICANTS
FIGURE 39 BATTERY SWAPPING PATENTS (2011–2021)
TABLE 12 IMPORTANT PATENT REGISTRATIONS RELATED TO BATTERY SWAPPING MARKET
5.7 VALUE CHAIN ANALYSIS
FIGURE 40 VALUE CHAIN ANALYSIS OF BATTERY SWAPPING MARKET
5.8 BATTERY SWAPPING STATION MARKET ECOSYSTEM
FIGURE 41 BATTERY SWAPPING STATION MARKET: ECOSYSTEM ANALYSIS
5.8.1 BATTERY SWAPPING STATION OPERATORS
5.8.2 BATTERY MANUFACTURERS
5.8.3 OEMS
5.8.4 ENERGY PROVIDERS
TABLE 13 BATTERY SWAPPING MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.9 REGULATORY OVERVIEW
FIGURE 42 EMISSION REDUCTION OVERVIEW OF MAJOR COUNTRIES, 2021
TABLE 14 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
TABLE 15 US III STANDARDS 2021: US EMISSION NORMS
TABLE 16 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS
TABLE 17 JAPAN WCTC STANDARDS 2021: JAPAN EMISSION NORMS
TABLE 18 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS
5.9.1 NETHERLANDS
TABLE 19 NETHERLANDS: EV INCENTIVES
TABLE 20 NETHERLANDS: EV CHARGING STATION INCENTIVES
5.9.2 GERMANY
TABLE 21 GERMANY: EV INCENTIVES
TABLE 22 GERMANY: EV CHARGING STATION INCENTIVES
5.9.3 FRANCE
TABLE 23 FRANCE: EV INCENTIVES
TABLE 24 FRANCE: EV CHARGING STATION INCENTIVES
5.9.4 UK
TABLE 25 UK: EV INCENTIVES
TABLE 26 UK: EV CHARGING STATION INCENTIVES
5.9.5 CHINA
TABLE 27 CHINA: EV INCENTIVES
TABLE 28 CHINA: EV CHARGING STATION INCENTIVES
5.9.6 US
TABLE 29 US: EV INCENTIVES
TABLE 30 US: EV CHARGING STATION INCENTIVES
TABLE 31 BATTERY SWAPPING REGULATIONS AND INITIATIVES
5.9.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: BY REGION
TABLE 32 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 33 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 34 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 BATTERY SWAPPING MARKET BUSINESS MODEL (2021)
FIGURE 43 BATTERY SWAPPING MARKET BUSINESS MODEL
5.11 AVERAGE SERVICE PRICE (ASP) ANALYSIS
TABLE 35 PRICE TRENDS OF MARKET PLAYERS
TABLE 36 SUBSCRIPTION COST PRICE TREND
TABLE 37 SWAP COST PRICE TREND
5.12 TECHNOLOGY ANALYSIS
5.12.1 BATTERY SWAPPING CLOUD CONNECT
5.12.2 INTEGRATION OF IOT IN BATTERY SWAPPING
5.12.3 TRACKING BY GPS
5.12.4 SMART CHARGING SYSTEM
FIGURE 44 SMART EV CHARGING SYSTEM
5.12.5 SOLID-STATE BATTERY (SSB)
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 38 BATTERY SWAPPING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 MACROECONOMIC INDICATORS
5.14.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 39 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
5.15 BATTERY SWAPPING MARKET: SCENARIOS
5.15.1 MOST LIKELY SCENARIO
FIGURE 45 BATTERY SWAPPING MARKET: FUTURE TRENDS & SCENARIO, 2022–2027 (USD MILLION)
TABLE 40 BATTERY SWAPPING MARKET (MOST LIKELY), BY REGION, 2022–2027 (USD MILLION)
5.15.2 OPTIMISTIC SCENARIO
TABLE 41 BATTERY SWAPPING MARKET (OPTIMISTIC), BY REGION, 2022–2027 (USD MILLION)
5.15.3 PESSIMISTIC SCENARIO
TABLE 42 BATTERY SWAPPING MARKET (PESSIMISTIC), BY REGION, 2022–2027 (USD MILLION)
6 BATTERY SWAPPING MARKET, BY SERVICE TYPE
6.1 INTRODUCTION
FIGURE 46 BATTERY SWAPPING MARKET, BY SERVICE TYPE (USD MILLION)
TABLE 43 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
TABLE 44 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION)
6.1.1 OPERATIONAL DATA
TABLE 45 MAJOR BATTERY SWAPPING STATION PROVIDERS, BY SERVICE TYPE
6.1.2 ASSUMPTIONS
TABLE 46 ASSUMPTIONS: BY SERVICE TYPE
6.1.3 RESEARCH METHODOLOGY
6.2 PAY-PER-USE
6.2.1 PUSH FROM OEMS FOR VEHICLES USING SWAPPABLE BATTERIES TO INCREASE DEMAND
TABLE 47 PAY-PER-USE BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 48 PAY-PER-USE BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 SUBSCRIPTION
6.3.1 NEED FOR BATTERY SWAPPING FOR COMMERCIAL APPLICATIONS DUE TO LOW DOWNTIME TO INCREASE DEMAND
TABLE 49 SUBSCRIPTION BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 50 SUBSCRIPTION BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 KEY PRIMARY INSIGHTS
7 BATTERY SWAPPING MARKET, BY VEHICLE TYPE
7.1 INTRODUCTION
FIGURE 47 BATTERY SWAPPING MARKET, BY VEHICLE TYPE (USD MILLION)
TABLE 51 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 52 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
7.1.1 OPERATIONAL DATA
TABLE 53 MAJOR PLAYERS OFFERING SWAPPING TO DIFFERENT VEHICLE TYPES
7.1.2 ASSUMPTIONS
TABLE 54 ASSUMPTIONS: BY VEHICLE TYPE
7.1.3 RESEARCH METHODOLOGY
7.2 2-WHEELER
7.2.1 INITIAL COST-BENEFIT ON PURCHASE OF BATTERY SWAPPING VEHICLES TO DRIVE MARKET
TABLE 55 2-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 2-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 3-WHEELER
7.3.1 FASTER SWAPPING RATE TO DRIVE MARKET
TABLE 57 3-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 58 3-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 4-WHEELER
7.4.1 INTEGRATION OF ADVANCED TECHNOLOGIES LIKE IOT AND CAN TO DRIVE MARKET
TABLE 59 4-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 60 4-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 KEY PRIMARY INSIGHTS
8 BATTERY SWAPPING MARKET, BY STATION TYPE
8.1 INTRODUCTION
FIGURE 48 BATTERY SWAPPING MARKET, BY STATION TYPE (USD MILLION)
TABLE 61 BATTERY SWAPPING MARKET, BY STATION TYPE, 2018–2021 (USD MILLION)
TABLE 62 BATTERY SWAPPING MARKET, BY STATION TYPE, 2022–2027 (USD MILLION)
8.1.1 OPERATIONAL DATA
FIGURE 49 FLOW FIGURE FOR AUTOMATED BATTERY SWAPPING
TABLE 63 MAJOR PLAYERS IN BATTERY SWAPPING MARKET, BY STATION TYPE
8.1.2 ASSUMPTIONS
TABLE 64 ASSUMPTIONS: BY STATION TYPE
8.1.3 RESEARCH METHODOLOGY
8.2 AUTOMATED
8.2.1 INTEGRATION OF BATTERY SWAPPING SYSTEMS IN PASSENGER CARS AND HEAVY-DUTY VEHICLES TO DRIVE MARKET
FIGURE 50 EV RAISED WITH VEHICLE LIFT IN PREPARATION FOR BATTERY SWAPPING
TABLE 65 AUTOMATED BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 66 AUTOMATED BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 MANUAL
8.3.1 INCREASED DEMAND FOR BATTERY SWAPPING IN ELECTRIC 2-WHEELERS TO DRIVE MARKET
TABLE 67 MANUAL BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 68 MANUAL BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 KEY PRIMARY INSIGHTS
9 BATTERY SWAPPING MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 51 BATTERY SWAPPING MARKET, BY APPLICATION (USD MILLION)
TABLE 69 BATTERY SWAPPING MARKET BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 70 BATTERY SWAPPING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.1.1 OPERATIONAL DATA
FIGURE 52 PASSENGER VS COMMERCIAL VEHICLES
9.1.2 ASSUMPTIONS
TABLE 71 ASSUMPTIONS: BY APPLICATION
9.1.3 RESEARCH METHODOLOGY
9.2 PASSENGER
9.2.1 GOVERNMENT INITIATIVES AND POLICIES FOR BATTERY SWAPPING TO DRIVE MARKET
TABLE 72 BATTERY SWAPPING MARKET FOR PASSENGER VEHICLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 73 BATTERY SWAPPING MARKET FOR PASSENGER VEHICLES, BY REGION, 2022–2027 (USD MILLION)
9.3 COMMERCIAL
9.3.1 LOW VEHICLE IDEAL TIME DUE TO BATTERY SWAPPING TO DRIVE MARKET
TABLE 74 BATTERY SWAPPING MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 BATTERY SWAPPING MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2022–2027 (USD MILLION)
9.4 KEY PRIMARY INSIGHTS
10 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY
10.1 INTRODUCTION
FIGURE 53 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY (USD MILLION)
TABLE 76 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY, 2018–2021 (USD MILLION)
TABLE 77 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY, 2022–2027 (USD MILLION)
10.1.1 OPERATIONAL DATA
TABLE 78 MAJOR PLAYERS IN BATTERY SWAPPING, BY BATTERY CAPACITY
TABLE 79 E2W MODELS IN INDIA
10.1.2 ASSUMPTIONS
TABLE 80 ASSUMPTIONS: BY BATTERY CAPACITY
10.1.3 RESEARCH METHODOLOGY
10.2 <30 KWH
10.2.1 INCREASING DEMAND FOR BATTERY SWAPS IN LIGHT EVS TO DRIVE MARKET
TABLE 81 <30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 82 <30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 >30 KWH
10.3.1 MODULAR BATTERY SWAPPING TO RESOLVE STANDARDIZATION ISSUE IN BATTERIES
TABLE 83 >30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 84 >30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 KEY PRIMARY INSIGHTS
11 BATTERY SWAPPING MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 54 BATTERY SWAPPING MODEL
FIGURE 55 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 85 BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 86 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 ASIA PACIFIC
FIGURE 56 ASIA PACIFIC: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 87 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 88 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.1 CHINA
11.2.1.1 More varied range of charging options to emerge to satisfy client demands
FIGURE 57 COMPANIES ENGAGED IN BATTERY SWAPPING IN CHINA
TABLE 89 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 90 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.2 INDIA
11.2.2.1 Various government strategies to promote battery swapping to increase demand
TABLE 91 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 92 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.3 SOUTH KOREA
11.2.3.1 Presence of big automakers to help shift toward battery swapping
TABLE 93 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 94 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.4 VIETNAM
11.2.4.1 Government push for EVs to boost market
TABLE 95 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 96 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.5 TAIWAN
11.2.5.1 Presence of key battery swapping companies to drive market
TABLE 97 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 98 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.6 INDONESIA
11.2.6.1 Government initiatives toward electrifying mobility to drive market
TABLE 99 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 100 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.7 JAPAN
11.2.7.1 Entry of big four companies in battery swapping to drive market
TABLE 101 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 102 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.8 THAILAND
11.2.8.1 Plan to promote E-bike swapping stations to drive market
TABLE 103 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 104 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3 EUROPE
FIGURE 58 EUROPE: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 105 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 106 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.1 GERMANY
11.3.1.1 Emergence of Chinese players to drive market
TABLE 107 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 108 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.2 NETHERLANDS
11.3.2.1 Increasing popularity of EV leasing to local users to drive market
TABLE 109 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 110 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.3 UK
11.3.3.1 Investment in ultra-low emission vehicles to boost demand
TABLE 111 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 112 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.4 FRANCE
11.3.4.1 Government strategies to promote EVs to increase demand
TABLE 113 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 114 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4 NORTH AMERICA
FIGURE 59 NORTH AMERICA: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 116 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.1 US
11.4.1.1 Funding in battery swapping start-ups to drive market
TABLE 117 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 118 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4.2 CANADA
11.4.2.1 Increasing development in EV infrastructure to boost demand
TABLE 119 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 120 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 BATTERY SWAPPING MARKET RANKING ANALYSIS, 2022
FIGURE 60 BATTERY SWAPPING MARKET RANKING ANALYSIS, 2022
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT DEVELOPMENTS
TABLE 121 NEW PRODUCT DEVELOPMENTS, 2019–2022
12.3.2 DEALS
TABLE 122 DEALS, 2019–2022
12.3.3 OTHER DEVELOPMENTS, 2019–2022
TABLE 123 OTHER DEVELOPMENTS, 2019–2022
12.4 COMPANY EVALUATION QUADRANT: BATTERY SWAPPING SUPPLIERS
12.4.1 STARS
12.4.2 EMERGING LEADERS
12.4.3 PERVASIVE PLAYERS
12.4.4 PARTICIPANTS
FIGURE 61 COMPETITIVE EVALUATION MATRIX: BATTERY SWAPPING MANUFACTURERS, 2021
TABLE 124 BATTERY SWAPPING MARKET: COMPANY FOOTPRINT, 2021
TABLE 125 BATTERY SWAPPING MARKET: COMPANY VEHICLE FOOTPRINT, 2021
TABLE 126 BATTERY SWAPPING MARKET: COMPANY REGION FOOTPRINT, 2021
12.5 SME EVALUATION QUADRANT
12.5.1 PROGRESSIVE COMPANIES
12.5.2 RESPONSIVE COMPANIES
12.5.3 DYNAMIC COMPANIES
12.5.4 STARTING BLOCKS
FIGURE 62 BATTERY SWAPPING MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2021
12.6 SME EVALUATION QUADRANT
TABLE 127 SME REGION FOOTPRINT
TABLE 128 SME VEHICLE FOOTPRINT
TABLE 129 SME DRIVE & REGION FOOTPRINT
12.7 COMPETITIVE BENCHMARKING
TABLE 130 BATTERY SWAPPING MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 131 BATTERY SWAPPING MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 NIO POWER
TABLE 132 NIO POWER: BUSINESS OVERVIEW
FIGURE 63 NIO POWER: COMPANY SNAPSHOT
TABLE 133 NIO POWER: PRODUCTS OFFERED
TABLE 134 NIO POWER: NEW PRODUCT DEVELOPMENTS
TABLE 135 NIO POWER: DEALS
TABLE 136 NIO POWER: OTHERS
13.1.2 GOGORO
TABLE 137 GOGORO: BUSINESS OVERVIEW
FIGURE 64 GOGORO: COMPANY SNAPSHOT
FIGURE 65 GOGORO: INFOGRAPHIC
TABLE 138 GOGORO: PRODUCTS OFFERED
TABLE 139 GOGORO: DEALS
TABLE 140 GOGORO: OTHERS
13.1.3 AULTON
TABLE 141 AULTON: BUSINESS OVERVIEW
TABLE 142 AULTON: PRODUCTS OFFERED
TABLE 143 AULTON: DEALS
13.1.4 SUN MOBILITY
TABLE 144 SUN MOBILITY: BUSINESS OVERVIEW
FIGURE 66 SUN MOBILITY: INFOGRAPHIC
TABLE 145 SUN MOBILITY: PRODUCTS OFFERED
TABLE 146 SUN MOBILITY: DEALS
13.1.5 IMMOTOR
TABLE 147 IMMOTOR: BUSINESS OVERVIEW
TABLE 148 IMMOTOR: PRODUCTS OFFERED
TABLE 149 IMMOTOR: OTHERS
13.1.6 AMPLE
TABLE 150 AMPLE: BUSINESS OVERVIEW
TABLE 151 AMPLE: PRODUCTS OFFERED
TABLE 152 AMPLE: NEW PRODUCT DEVELOPMENTS
TABLE 153 AMPLE: DEALS
TABLE 154 AMPLE: OTHERS
13.1.7 NUMOCITY
TABLE 155 NUMOCITY: BUSINESS OVERVIEW
FIGURE 67 NUMOCITY: INFOGRAPHIC
TABLE 156 NUMOCITY: PRODUCTS OFFERED
TABLE 157 NUMOCITY: DEALS
13.1.8 BATTSWAP
TABLE 158 BATTSWAP: BUSINESS OVERVIEW
TABLE 159 BATTSWAP: PRODUCTS OFFERED
13.1.9 ESMITO
TABLE 160 ESMITO: BUSINESS OVERVIEW
TABLE 161 ESMITO: PRODUCTS OFFERED
13.1.10 KYMCO
TABLE 162 KYMCO: BUSINESS OVERVIEW
TABLE 163 KYMCO: PRODUCTS OFFERED
TABLE 164 KYMCO: NEW PRODUCT DEVELOPMENTS
TABLE 165 KYMCO: DEALS
13.2 OTHER PLAYERS
13.2.1 CHARGEUP
TABLE 166 CHARGEUP: COMPANY OVERVIEW
13.2.2 OYIKA
TABLE 167 OYIKA.: COMPANY OVERVIEW
13.2.3 LEO MOTORS
TABLE 168 LEO MOTORS: COMPANY OVERVIEW
13.2.4 CATL
TABLE 169 CATL: COMPANY OVERVIEW
13.2.5 AMARA RAJA BATTERIES
TABLE 170 AMARA RAJA BATTERIES: COMPANY OVERVIEW
13.2.6 LITHION POWER
TABLE 171 LITHION POWER: COMPANY OVERVIEW
13.2.7 SWOBBEE
TABLE 172 SWOBBEE: COMPANY OVERVIEW
13.2.8 VOLTUP
TABLE 173 VOLTUP: COMPANY OVERVIEW
13.2.9 HONDA
TABLE 174 HONDA: COMPANY OVERVIEW
13.2.10 BYD
TABLE 175 BYD: COMPANY OVERVIEW
13.2.11 SUNWODA
TABLE 176 SUNWODA: COMPANY OVERVIEW
13.2.12 SHANGHAI JIENENG ZHIDIAN NEW ENERGY TECHNOLOGY CO., LTD.
TABLE 177 SHANGHAI JIENENG ZHIDIAN NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
13.2.13 SAIC
TABLE 178 SAIC: COMPANY OVERVIEW
13.2.14 SINOPEC
TABLE 179 SINOPEC: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 CHINA, TAIWAN, VIETNAM, AND INDIA: KEY FOCUS COUNTRIES FOR BATTERY SWAPPING MARKET
14.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR BATTERY SWAPPING
14.3 BATTERY-AS-A-SERVICE
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 BATTERY SWAPPING MARKET DEFINITION
TABLE 2 BATTERY SWAPPING MARKET DEFINITION, BY SERVICE TYPE
TABLE 3 BATTERY SWAPPING MARKET DEFINITION, BY VEHICLE TYPE
TABLE 4 BATTERY SWAPPING MARKET DEFINITION, BY BATTERY CAPACITY
TABLE 5 BATTERY SWAPPING MARKET DEFINITION, BY STATION TYPE
TABLE 6 BATTERY SWAPPING MARKET DEFINITION, BY APPLICATION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 7 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONAL SCOPE
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 8 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 BATTERY SWAPPING MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for battery swapping market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key industry insights and breakdown of primary interviews
2.1.2.2 Key industry Insights
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 Primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH: BATTERY SWAPPING MARKET
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH: BATTERY SWAPPING MARKET
FIGURE 8 BATTERY SWAPPING MARKET: MARKET ESTIMATION NOTES
FIGURE 9 BATTERY SWAPPING MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE
2.3 DATA TRIANGULATION
FIGURE 10 DATA TRIANGULATION METHODOLOGY
FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.4 FACTOR ANALYSIS
FIGURE 12 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 13 BATTERY SWAPPING MARKET: MARKET OVERVIEW
FIGURE 14 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
FIGURE 15 MANUAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (2022–2027)
FIGURE 16 2-WHEELER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (2022–2027)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY SWAPPING MARKET
FIGURE 17 INCREASING FOCUS ON MICROMOBILITY TO DRIVE BATTERY SWAPPING MARKET
4.2 BATTERY SWAPPING MARKET, BY REGION
FIGURE 18 ASIA PACIFIC ESTIMATED TO BE LARGEST MARKET IN 2022
4.3 BATTERY SWAPPING MARKET, BY STATION TYPE
FIGURE 19 MANUAL SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
4.4 BATTERY SWAPPING MARKET, BY APPLICATION
FIGURE 20 PASSENGER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.5 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY
FIGURE 21 <30 KWH SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
4.6 BATTERY SWAPPING MARKET, BY VEHICLE TYPE
FIGURE 22 2-WHEELER SEGMENT ESTIMATED TO LEAD MARKET IN 2022
4.7 BATTERY SWAPPING MARKET, BY SERVICE TYPE
FIGURE 23 PAY-PER-USE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 BATTERY SWAPPING MARKET: MARKET DYNAMICS
FIGURE 24 BATTERY SWAPPING MARKET: DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising EV sales worldwide
TABLE 9 ELECTRIC SCOOTER AND ELECTRIC MOTORCYCLE SALES GROWTH, 2018–2021 (THOUSAND UNITS)
5.2.1.2 Reducing price of EV batteries
FIGURE 25 PRICE OF EV BATTERIES PER KWH
FIGURE 26 EV BATTERY PRICING ANALYSIS
5.2.1.3 Battery swapping lowers upfront cost of EVs
FIGURE 27 COST COMPARISON OF ELECTRIC AND ICE VEHICLES
5.2.1.4 Increasing reliance on micromobility
5.2.2 RESTRAINTS
5.2.2.1 Lack of standardization of batteries used in different vehicles
FIGURE 28 BATTERY STANDARDIZATION PLANS IN INDIA
5.2.2.2 Low initial acceptance by end users
5.2.2.3 Concerns about battery life
FIGURE 29 BATTERY SOH VS. TIME: VARYING DCFC USE
5.2.3 OPPORTUNITIES
5.2.3.1 Plans of OEMs to sell EVs without batteries to increase demand for Battery-as-a-Service
FIGURE 30 FUNCTIONING OF BATTERY SWAPPING STATIONS
5.2.3.2 Introduction of innovative modular battery swapping solutions
FIGURE 31 EVOGO MODULAR BATTERY SWAPPING STATION
5.2.3.3 Government incentives and regulations for adopting low-emission transportation
FIGURE 32 ELECTRIFICATION TARGETS BY COUNTRIES
5.2.4 CHALLENGES
5.2.4.1 Complex infrastructure of swapping stations
5.2.4.2 Dependence on fossil fuels to generate electricity in many nations
FIGURE 33 TOTAL ENERGY CONSUMPTION BY MAJOR COUNTRIES
5.2.4.3 Shortage of lithium for use in EV batteries
FIGURE 34 LITHIUM-ION DEMAND AND SUPPLY
TABLE 10 BATTERY SWAPPING MARKET: IMPACT OF MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 11 PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF SUBSTITUTES
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFT FOR BATTERY SWAPPING MARKET
5.5 CASE STUDIES
5.5.1 FEASIBILITY STUDY ON SWAPPING BATTERY STATION INFRASTRUCTURE FOR ELECTRIC MOTORCYCLES IN THAILAND
5.5.2 GOGORO: REDEFINING URBAN TRANSFORMATION
5.5.3 CONTRIBUTION OF BATTERY SWAP STATIONS TO PEAK SHAVING AND VALLEY FILLING BY LEVERAGING DEMAND RESPONSE AND MOBILE SWAPPING STATION
5.5.4 TESLA: BATTERY SWAPPING STATIONS
5.6 PATENT ANALYSIS
5.6.1 INTRODUCTION
FIGURE 37 PUBLICATION TRENDS (2011–2021)
5.6.2 LEGAL STATUS OF PATENTS
FIGURE 38 LEGAL STATUS OF PATENTS FILED FOR BATTERY SWAPPING
5.6.3 TOP PATENT APPLICANTS
FIGURE 39 BATTERY SWAPPING PATENTS (2011–2021)
TABLE 12 IMPORTANT PATENT REGISTRATIONS RELATED TO BATTERY SWAPPING MARKET
5.7 VALUE CHAIN ANALYSIS
FIGURE 40 VALUE CHAIN ANALYSIS OF BATTERY SWAPPING MARKET
5.8 BATTERY SWAPPING STATION MARKET ECOSYSTEM
FIGURE 41 BATTERY SWAPPING STATION MARKET: ECOSYSTEM ANALYSIS
5.8.1 BATTERY SWAPPING STATION OPERATORS
5.8.2 BATTERY MANUFACTURERS
5.8.3 OEMS
5.8.4 ENERGY PROVIDERS
TABLE 13 BATTERY SWAPPING MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.9 REGULATORY OVERVIEW
FIGURE 42 EMISSION REDUCTION OVERVIEW OF MAJOR COUNTRIES, 2021
TABLE 14 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
TABLE 15 US III STANDARDS 2021: US EMISSION NORMS
TABLE 16 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS
TABLE 17 JAPAN WCTC STANDARDS 2021: JAPAN EMISSION NORMS
TABLE 18 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS
5.9.1 NETHERLANDS
TABLE 19 NETHERLANDS: EV INCENTIVES
TABLE 20 NETHERLANDS: EV CHARGING STATION INCENTIVES
5.9.2 GERMANY
TABLE 21 GERMANY: EV INCENTIVES
TABLE 22 GERMANY: EV CHARGING STATION INCENTIVES
5.9.3 FRANCE
TABLE 23 FRANCE: EV INCENTIVES
TABLE 24 FRANCE: EV CHARGING STATION INCENTIVES
5.9.4 UK
TABLE 25 UK: EV INCENTIVES
TABLE 26 UK: EV CHARGING STATION INCENTIVES
5.9.5 CHINA
TABLE 27 CHINA: EV INCENTIVES
TABLE 28 CHINA: EV CHARGING STATION INCENTIVES
5.9.6 US
TABLE 29 US: EV INCENTIVES
TABLE 30 US: EV CHARGING STATION INCENTIVES
TABLE 31 BATTERY SWAPPING REGULATIONS AND INITIATIVES
5.9.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS: BY REGION
TABLE 32 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 33 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 34 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 BATTERY SWAPPING MARKET BUSINESS MODEL (2021)
FIGURE 43 BATTERY SWAPPING MARKET BUSINESS MODEL
5.11 AVERAGE SERVICE PRICE (ASP) ANALYSIS
TABLE 35 PRICE TRENDS OF MARKET PLAYERS
TABLE 36 SUBSCRIPTION COST PRICE TREND
TABLE 37 SWAP COST PRICE TREND
5.12 TECHNOLOGY ANALYSIS
5.12.1 BATTERY SWAPPING CLOUD CONNECT
5.12.2 INTEGRATION OF IOT IN BATTERY SWAPPING
5.12.3 TRACKING BY GPS
5.12.4 SMART CHARGING SYSTEM
FIGURE 44 SMART EV CHARGING SYSTEM
5.12.5 SOLID-STATE BATTERY (SSB)
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 38 BATTERY SWAPPING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 MACROECONOMIC INDICATORS
5.14.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 39 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
5.15 BATTERY SWAPPING MARKET: SCENARIOS
5.15.1 MOST LIKELY SCENARIO
FIGURE 45 BATTERY SWAPPING MARKET: FUTURE TRENDS & SCENARIO, 2022–2027 (USD MILLION)
TABLE 40 BATTERY SWAPPING MARKET (MOST LIKELY), BY REGION, 2022–2027 (USD MILLION)
5.15.2 OPTIMISTIC SCENARIO
TABLE 41 BATTERY SWAPPING MARKET (OPTIMISTIC), BY REGION, 2022–2027 (USD MILLION)
5.15.3 PESSIMISTIC SCENARIO
TABLE 42 BATTERY SWAPPING MARKET (PESSIMISTIC), BY REGION, 2022–2027 (USD MILLION)
6 BATTERY SWAPPING MARKET, BY SERVICE TYPE
6.1 INTRODUCTION
FIGURE 46 BATTERY SWAPPING MARKET, BY SERVICE TYPE (USD MILLION)
TABLE 43 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
TABLE 44 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION)
6.1.1 OPERATIONAL DATA
TABLE 45 MAJOR BATTERY SWAPPING STATION PROVIDERS, BY SERVICE TYPE
6.1.2 ASSUMPTIONS
TABLE 46 ASSUMPTIONS: BY SERVICE TYPE
6.1.3 RESEARCH METHODOLOGY
6.2 PAY-PER-USE
6.2.1 PUSH FROM OEMS FOR VEHICLES USING SWAPPABLE BATTERIES TO INCREASE DEMAND
TABLE 47 PAY-PER-USE BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 48 PAY-PER-USE BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 SUBSCRIPTION
6.3.1 NEED FOR BATTERY SWAPPING FOR COMMERCIAL APPLICATIONS DUE TO LOW DOWNTIME TO INCREASE DEMAND
TABLE 49 SUBSCRIPTION BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 50 SUBSCRIPTION BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 KEY PRIMARY INSIGHTS
7 BATTERY SWAPPING MARKET, BY VEHICLE TYPE
7.1 INTRODUCTION
FIGURE 47 BATTERY SWAPPING MARKET, BY VEHICLE TYPE (USD MILLION)
TABLE 51 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 52 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
7.1.1 OPERATIONAL DATA
TABLE 53 MAJOR PLAYERS OFFERING SWAPPING TO DIFFERENT VEHICLE TYPES
7.1.2 ASSUMPTIONS
TABLE 54 ASSUMPTIONS: BY VEHICLE TYPE
7.1.3 RESEARCH METHODOLOGY
7.2 2-WHEELER
7.2.1 INITIAL COST-BENEFIT ON PURCHASE OF BATTERY SWAPPING VEHICLES TO DRIVE MARKET
TABLE 55 2-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 56 2-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 3-WHEELER
7.3.1 FASTER SWAPPING RATE TO DRIVE MARKET
TABLE 57 3-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 58 3-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 4-WHEELER
7.4.1 INTEGRATION OF ADVANCED TECHNOLOGIES LIKE IOT AND CAN TO DRIVE MARKET
TABLE 59 4-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 60 4-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 KEY PRIMARY INSIGHTS
8 BATTERY SWAPPING MARKET, BY STATION TYPE
8.1 INTRODUCTION
FIGURE 48 BATTERY SWAPPING MARKET, BY STATION TYPE (USD MILLION)
TABLE 61 BATTERY SWAPPING MARKET, BY STATION TYPE, 2018–2021 (USD MILLION)
TABLE 62 BATTERY SWAPPING MARKET, BY STATION TYPE, 2022–2027 (USD MILLION)
8.1.1 OPERATIONAL DATA
FIGURE 49 FLOW FIGURE FOR AUTOMATED BATTERY SWAPPING
TABLE 63 MAJOR PLAYERS IN BATTERY SWAPPING MARKET, BY STATION TYPE
8.1.2 ASSUMPTIONS
TABLE 64 ASSUMPTIONS: BY STATION TYPE
8.1.3 RESEARCH METHODOLOGY
8.2 AUTOMATED
8.2.1 INTEGRATION OF BATTERY SWAPPING SYSTEMS IN PASSENGER CARS AND HEAVY-DUTY VEHICLES TO DRIVE MARKET
FIGURE 50 EV RAISED WITH VEHICLE LIFT IN PREPARATION FOR BATTERY SWAPPING
TABLE 65 AUTOMATED BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 66 AUTOMATED BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 MANUAL
8.3.1 INCREASED DEMAND FOR BATTERY SWAPPING IN ELECTRIC 2-WHEELERS TO DRIVE MARKET
TABLE 67 MANUAL BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 68 MANUAL BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 KEY PRIMARY INSIGHTS
9 BATTERY SWAPPING MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 51 BATTERY SWAPPING MARKET, BY APPLICATION (USD MILLION)
TABLE 69 BATTERY SWAPPING MARKET BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 70 BATTERY SWAPPING MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.1.1 OPERATIONAL DATA
FIGURE 52 PASSENGER VS COMMERCIAL VEHICLES
9.1.2 ASSUMPTIONS
TABLE 71 ASSUMPTIONS: BY APPLICATION
9.1.3 RESEARCH METHODOLOGY
9.2 PASSENGER
9.2.1 GOVERNMENT INITIATIVES AND POLICIES FOR BATTERY SWAPPING TO DRIVE MARKET
TABLE 72 BATTERY SWAPPING MARKET FOR PASSENGER VEHICLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 73 BATTERY SWAPPING MARKET FOR PASSENGER VEHICLES, BY REGION, 2022–2027 (USD MILLION)
9.3 COMMERCIAL
9.3.1 LOW VEHICLE IDEAL TIME DUE TO BATTERY SWAPPING TO DRIVE MARKET
TABLE 74 BATTERY SWAPPING MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 BATTERY SWAPPING MARKET FOR COMMERCIAL VEHICLES, BY REGION, 2022–2027 (USD MILLION)
9.4 KEY PRIMARY INSIGHTS
10 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY
10.1 INTRODUCTION
FIGURE 53 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY (USD MILLION)
TABLE 76 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY, 2018–2021 (USD MILLION)
TABLE 77 BATTERY SWAPPING MARKET, BY BATTERY CAPACITY, 2022–2027 (USD MILLION)
10.1.1 OPERATIONAL DATA
TABLE 78 MAJOR PLAYERS IN BATTERY SWAPPING, BY BATTERY CAPACITY
TABLE 79 E2W MODELS IN INDIA
10.1.2 ASSUMPTIONS
TABLE 80 ASSUMPTIONS: BY BATTERY CAPACITY
10.1.3 RESEARCH METHODOLOGY
10.2 <30 KWH
10.2.1 INCREASING DEMAND FOR BATTERY SWAPS IN LIGHT EVS TO DRIVE MARKET
TABLE 81 <30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 82 <30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 >30 KWH
10.3.1 MODULAR BATTERY SWAPPING TO RESOLVE STANDARDIZATION ISSUE IN BATTERIES
TABLE 83 >30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 84 >30 KWH BATTERY CAPACITY: BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 KEY PRIMARY INSIGHTS
11 BATTERY SWAPPING MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 54 BATTERY SWAPPING MODEL
FIGURE 55 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 85 BATTERY SWAPPING MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 86 BATTERY SWAPPING MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 ASIA PACIFIC
FIGURE 56 ASIA PACIFIC: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 87 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 88 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.1 CHINA
11.2.1.1 More varied range of charging options to emerge to satisfy client demands
FIGURE 57 COMPANIES ENGAGED IN BATTERY SWAPPING IN CHINA
TABLE 89 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 90 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.2 INDIA
11.2.2.1 Various government strategies to promote battery swapping to increase demand
TABLE 91 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 92 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.3 SOUTH KOREA
11.2.3.1 Presence of big automakers to help shift toward battery swapping
TABLE 93 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 94 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.4 VIETNAM
11.2.4.1 Government push for EVs to boost market
TABLE 95 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 96 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.5 TAIWAN
11.2.5.1 Presence of key battery swapping companies to drive market
TABLE 97 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 98 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.6 INDONESIA
11.2.6.1 Government initiatives toward electrifying mobility to drive market
TABLE 99 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 100 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.7 JAPAN
11.2.7.1 Entry of big four companies in battery swapping to drive market
TABLE 101 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 102 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.8 THAILAND
11.2.8.1 Plan to promote E-bike swapping stations to drive market
TABLE 103 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 104 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3 EUROPE
FIGURE 58 EUROPE: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 105 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 106 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.1 GERMANY
11.3.1.1 Emergence of Chinese players to drive market
TABLE 107 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 108 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.2 NETHERLANDS
11.3.2.1 Increasing popularity of EV leasing to local users to drive market
TABLE 109 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 110 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.3 UK
11.3.3.1 Investment in ultra-low emission vehicles to boost demand
TABLE 111 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 112 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.4 FRANCE
11.3.4.1 Government strategies to promote EVs to increase demand
TABLE 113 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 114 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4 NORTH AMERICA
FIGURE 59 NORTH AMERICA: BATTERY SWAPPING MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 116 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.1 US
11.4.1.1 Funding in battery swapping start-ups to drive market
TABLE 117 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 118 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4.2 CANADA
11.4.2.1 Increasing development in EV infrastructure to boost demand
TABLE 119 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 120 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 BATTERY SWAPPING MARKET RANKING ANALYSIS, 2022
FIGURE 60 BATTERY SWAPPING MARKET RANKING ANALYSIS, 2022
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT DEVELOPMENTS
TABLE 121 NEW PRODUCT DEVELOPMENTS, 2019–2022
12.3.2 DEALS
TABLE 122 DEALS, 2019–2022
12.3.3 OTHER DEVELOPMENTS, 2019–2022
TABLE 123 OTHER DEVELOPMENTS, 2019–2022
12.4 COMPANY EVALUATION QUADRANT: BATTERY SWAPPING SUPPLIERS
12.4.1 STARS
12.4.2 EMERGING LEADERS
12.4.3 PERVASIVE PLAYERS
12.4.4 PARTICIPANTS
FIGURE 61 COMPETITIVE EVALUATION MATRIX: BATTERY SWAPPING MANUFACTURERS, 2021
TABLE 124 BATTERY SWAPPING MARKET: COMPANY FOOTPRINT, 2021
TABLE 125 BATTERY SWAPPING MARKET: COMPANY VEHICLE FOOTPRINT, 2021
TABLE 126 BATTERY SWAPPING MARKET: COMPANY REGION FOOTPRINT, 2021
12.5 SME EVALUATION QUADRANT
12.5.1 PROGRESSIVE COMPANIES
12.5.2 RESPONSIVE COMPANIES
12.5.3 DYNAMIC COMPANIES
12.5.4 STARTING BLOCKS
FIGURE 62 BATTERY SWAPPING MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2021
12.6 SME EVALUATION QUADRANT
TABLE 127 SME REGION FOOTPRINT
TABLE 128 SME VEHICLE FOOTPRINT
TABLE 129 SME DRIVE & REGION FOOTPRINT
12.7 COMPETITIVE BENCHMARKING
TABLE 130 BATTERY SWAPPING MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 131 BATTERY SWAPPING MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 NIO POWER
TABLE 132 NIO POWER: BUSINESS OVERVIEW
FIGURE 63 NIO POWER: COMPANY SNAPSHOT
TABLE 133 NIO POWER: PRODUCTS OFFERED
TABLE 134 NIO POWER: NEW PRODUCT DEVELOPMENTS
TABLE 135 NIO POWER: DEALS
TABLE 136 NIO POWER: OTHERS
13.1.2 GOGORO
TABLE 137 GOGORO: BUSINESS OVERVIEW
FIGURE 64 GOGORO: COMPANY SNAPSHOT
FIGURE 65 GOGORO: INFOGRAPHIC
TABLE 138 GOGORO: PRODUCTS OFFERED
TABLE 139 GOGORO: DEALS
TABLE 140 GOGORO: OTHERS
13.1.3 AULTON
TABLE 141 AULTON: BUSINESS OVERVIEW
TABLE 142 AULTON: PRODUCTS OFFERED
TABLE 143 AULTON: DEALS
13.1.4 SUN MOBILITY
TABLE 144 SUN MOBILITY: BUSINESS OVERVIEW
FIGURE 66 SUN MOBILITY: INFOGRAPHIC
TABLE 145 SUN MOBILITY: PRODUCTS OFFERED
TABLE 146 SUN MOBILITY: DEALS
13.1.5 IMMOTOR
TABLE 147 IMMOTOR: BUSINESS OVERVIEW
TABLE 148 IMMOTOR: PRODUCTS OFFERED
TABLE 149 IMMOTOR: OTHERS
13.1.6 AMPLE
TABLE 150 AMPLE: BUSINESS OVERVIEW
TABLE 151 AMPLE: PRODUCTS OFFERED
TABLE 152 AMPLE: NEW PRODUCT DEVELOPMENTS
TABLE 153 AMPLE: DEALS
TABLE 154 AMPLE: OTHERS
13.1.7 NUMOCITY
TABLE 155 NUMOCITY: BUSINESS OVERVIEW
FIGURE 67 NUMOCITY: INFOGRAPHIC
TABLE 156 NUMOCITY: PRODUCTS OFFERED
TABLE 157 NUMOCITY: DEALS
13.1.8 BATTSWAP
TABLE 158 BATTSWAP: BUSINESS OVERVIEW
TABLE 159 BATTSWAP: PRODUCTS OFFERED
13.1.9 ESMITO
TABLE 160 ESMITO: BUSINESS OVERVIEW
TABLE 161 ESMITO: PRODUCTS OFFERED
13.1.10 KYMCO
TABLE 162 KYMCO: BUSINESS OVERVIEW
TABLE 163 KYMCO: PRODUCTS OFFERED
TABLE 164 KYMCO: NEW PRODUCT DEVELOPMENTS
TABLE 165 KYMCO: DEALS
13.2 OTHER PLAYERS
13.2.1 CHARGEUP
TABLE 166 CHARGEUP: COMPANY OVERVIEW
13.2.2 OYIKA
TABLE 167 OYIKA.: COMPANY OVERVIEW
13.2.3 LEO MOTORS
TABLE 168 LEO MOTORS: COMPANY OVERVIEW
13.2.4 CATL
TABLE 169 CATL: COMPANY OVERVIEW
13.2.5 AMARA RAJA BATTERIES
TABLE 170 AMARA RAJA BATTERIES: COMPANY OVERVIEW
13.2.6 LITHION POWER
TABLE 171 LITHION POWER: COMPANY OVERVIEW
13.2.7 SWOBBEE
TABLE 172 SWOBBEE: COMPANY OVERVIEW
13.2.8 VOLTUP
TABLE 173 VOLTUP: COMPANY OVERVIEW
13.2.9 HONDA
TABLE 174 HONDA: COMPANY OVERVIEW
13.2.10 BYD
TABLE 175 BYD: COMPANY OVERVIEW
13.2.11 SUNWODA
TABLE 176 SUNWODA: COMPANY OVERVIEW
13.2.12 SHANGHAI JIENENG ZHIDIAN NEW ENERGY TECHNOLOGY CO., LTD.
TABLE 177 SHANGHAI JIENENG ZHIDIAN NEW ENERGY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
13.2.13 SAIC
TABLE 178 SAIC: COMPANY OVERVIEW
13.2.14 SINOPEC
TABLE 179 SINOPEC: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 CHINA, TAIWAN, VIETNAM, AND INDIA: KEY FOCUS COUNTRIES FOR BATTERY SWAPPING MARKET
14.2 TECHNOLOGICAL ADVANCEMENTS TO HELP DEVELOP MARKET FOR BATTERY SWAPPING
14.3 BATTERY-AS-A-SERVICE
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
