Market Overview:
The global automatic power change equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the growing need for efficient and reliable power management systems. The global automatic power change equipment market can be segmented on the basis of type into chassis battery swap mode and sub-box battery replacement mode. On the basis of application, the market can be segmented into passenger car and commercial vehicle. The passenger car segment is expected to account for a major share of the global automatic power change equipment market during the forecast period owing to rising demand for electric vehicles across all regions.
Product Definition:
Automatic Power Change Equipment is a device that switches the power source of an electronic device from one power supply to another. This can be done automatically or manually. The importance of Automatic Power Change Equipment is that it allows for uninterrupted power to devices, which is important for mission-critical applications.
Chassis Battery Swap Mode:
Chassis battery switch mode is a power supply used in automatic power change equipment. It helps in providing uninterrupted power supply to the system by switching the current from one source to another according to the load demand of systems. The chassis battery switch mode supplies electricity through a vehicle’s electrical system using a rechargeable battery as an energy source.
The global chassis battery switch mode market size was valued at USD 1,849.9 million in 2016.
Sub-box Battery Replacement Mode:
Sub-box battery replacement mode is a special power saving state entered in an Automatic Power Change (APC) equipment. It is also known as sleep mode or shutdown mode. In this state, the system halts all the operations and saves energy by switching off all the electrical components including pumps, motors, fans and lights.
Application Insights:
The passenger car application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for passenger cars from developing countries such as China, India and Brazil. These countries are promoting electric vehicles to reduce pollution levels and conserve the environment, which is further driving adoption of APCECs in this segment.
Commercial vehicle application segment is expected to witness significant growth over the forecast period owing to rising demand from construction equipment manufacturers across the globe. Increasing focus on cost-effectiveness along with government initiatives such as ¢â‚¬Å“Make In India¢â‚¬ will boost commercial vehicle production globally, thereby supporting market growth during future phases of analysis.
APCECs help eliminate battery range anxiety by providing constant power supply during long drives or when operating at remote locations where electricity supply may not be reliable enough for uninterrupted operation of electrical systems (such as engine).
Regional Analysis:
The APAC region is expected to witness significant growth over the forecast period owing to increasing demand for electric vehicles and growing adoption of renewable energy. The European market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period owing to rising investments in EV infrastructure development along with supportive government policies aimed at reducing carbon footprint associated with conventional vehicle usage.
North America accounted for a major share of global revenue due to early adoption of advanced technologies across various applications such as heavy-duty commercial trucks, marine vessels, off-highway equipment among others. Moreover, presence of key players operating in this region will drive the market further considering their efforts towards product innovation and distribution network expansion strategies that include new store launches as well as mergers & acquisitions activities between existing entities/brands & companies. For instance; In 2016; Cummins Inc., a U.S.
Growth Factors:
- Increasing demand for automatic power change equipment from data centers and telecom sector
- Growing popularity of microgrids and distributed energy systems
- Proliferation of renewable energy sources such as solar and wind power
- Rising concerns over grid reliability and security
- Technological advancements in automatic power change equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Power Change Equipment Market Research Report
By Type
Chassis Battery Swap Mode, Sub-box Battery Replacement Mode
By Application
Passenger Car, Commercial Vehicle
By Companies
Aulton New Energy, Lifan Technology (Group) Co., Ltd., Hangzhou Botan Technology Engineering Co. Ltd., Shanghai Enneagon Energy Technology Ltd., Nio Power, BAIC BluePark New Energy Technology Co., Ltd., Shandong Weida Machinery Co.,Ltd., Geely Automobile Holdings Limited, BOZHON
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Power Change Equipment Market Report Segments:
The global Automatic Power Change Equipment market is segmented on the basis of:
Types
Chassis Battery Swap Mode, Sub-box Battery Replacement Mode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aulton New Energy
- Lifan Technology (Group) Co., Ltd.
- Hangzhou Botan Technology Engineering Co. Ltd.
- Shanghai Enneagon Energy Technology Ltd.
- Nio Power
- BAIC BluePark New Energy Technology Co., Ltd.
- Shandong Weida Machinery Co.,Ltd.
- Geely Automobile Holdings Limited
- BOZHON
Highlights of The Automatic Power Change Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chassis Battery Swap Mode
- Sub-box Battery Replacement Mode
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Power Change Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automatic power change equipment is a system that automatically changes the power supply to an electrical load when it detects a voltage or frequency deviation.
Some of the major companies in the automatic power change equipment market are Aulton New Energy, Lifan Technology (Group) Co., Ltd., Hangzhou Botan Technology Engineering Co. Ltd., Shanghai Enneagon Energy Technology Ltd., Nio Power, BAIC BluePark New Energy Technology Co., Ltd., Shandong Weida Machinery Co.,Ltd., Geely Automobile Holdings Limited, BOZHON.
The automatic power change equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Power Change Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Power Change Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Power Change Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Power Change Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Power Change Equipment Market Size & Forecast, 2018-2028
4.5.1 Automatic Power Change Equipment Market Size and Y-o-Y Growth
4.5.2 Automatic Power Change Equipment Market Absolute $ Opportunity
Chapter 5 Global Automatic Power Change Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Power Change Equipment Market Size Forecast by Type
5.2.1 Chassis Battery Swap Mode
5.2.2 Sub-box Battery Replacement Mode
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Power Change Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Power Change Equipment Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Power Change Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Power Change Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Power Change Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Power Change Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Power Change Equipment Market Size Forecast by Type
9.6.1 Chassis Battery Swap Mode
9.6.2 Sub-box Battery Replacement Mode
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Power Change Equipment Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Power Change Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Power Change Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Power Change Equipment Market Size Forecast by Type
10.6.1 Chassis Battery Swap Mode
10.6.2 Sub-box Battery Replacement Mode
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Power Change Equipment Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Power Change Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Power Change Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Power Change Equipment Market Size Forecast by Type
11.6.1 Chassis Battery Swap Mode
11.6.2 Sub-box Battery Replacement Mode
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Power Change Equipment Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Power Change Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Power Change Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Power Change Equipment Market Size Forecast by Type
12.6.1 Chassis Battery Swap Mode
12.6.2 Sub-box Battery Replacement Mode
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Power Change Equipment Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Power Change Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Power Change Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Power Change Equipment Market Size Forecast by Type
13.6.1 Chassis Battery Swap Mode
13.6.2 Sub-box Battery Replacement Mode
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Power Change Equipment Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Power Change Equipment Market: Competitive Dashboard
14.2 Global Automatic Power Change Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aulton New Energy
14.3.2 Lifan Technology (Group) Co., Ltd.
14.3.3 Hangzhou Botan Technology Engineering Co. Ltd.
14.3.4 Shanghai Enneagon Energy Technology Ltd.
14.3.5 Nio Power
14.3.6 BAIC BluePark New Energy Technology Co., Ltd.
14.3.7 Shandong Weida Machinery Co.,Ltd.
14.3.8 Geely Automobile Holdings Limited
14.3.9 BOZHON
