Market Overview:
The global electric vehicle battery swapping system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe and the need for fast charging solutions. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into snap-in type and bolt type. The snap-in type segment is expected to hold a larger share in terms of revenue in 2018 as compared to bolt type due its easy installation process and low cost. However, bolt type batteries are gaining popularity due their high durability and longer life span as compared to snap-in types. On account of these factors, bolt types are expected to witness higher growth rates during the forecast period from 2018to 2030. On basis of application, passenger vehicles held a larger share in 2017 owing to rising concerns over environment pollution levels across major economies such as China and India coupled with government initiatives towards promoting electric vehicles adoption rates globally .
Product Definition:
An electric vehicle battery swapping system is a technology that allows an operator to quickly exchange the depleted battery of an electric vehicle with a fully charged battery. This allows drivers to maintain uninterrupted travel and avoid the lengthy charging times typically associated with electric vehicles.
Snap-in Type:
The global market for battery switching systems is expected to witness significant growth over the forecast period. The growing demand for electric vehicles (EV) and the need to reduce greenhouse gas emissions are expected to drive market growth. Battery Swapping Systems (BSS) help in reducing harmful emissions by replacing conventional fuel-driven vehicles with electric cars, which results in a reduction of air pollution.
Bolt Type:
Bolt type is a specific form of energy storage device. It is an electrical device that stores electrical energy in the form of magnetic fields and electric currents. The basic function of a bolt type battery is to provide short-term power supply for starting and charging vehicles, as well as for providing backup power in case of emergencies such as grid failure or system crash.
Application Insights:
The passenger vehicles segment dominated the global electric vehicle battery swapping system market in 2017 and is expected to maintain its lead over the forecast period. The growing number of public charging stations for electric cars, rapid growth in sales of passenger vehicles and rising demand from EV drivers are some of the factors driving this segment.
Commercial vehicles are also estimated to witness significant growth over the forecast period owing to increasing adoption across industries such as logistics, mining, agriculture and construction among others. Growing commercialization of off-grid solar PV systems has led to an increased focus on energy storage solutions which is further anticipated to boost demand for commercial EVs with battery swap facilities at parking lots or truck terminals.
The Asia Pacific region accounted for a major share in 2017 due largely to rapidly expanding industrial sectors such as mining, manufacturing.
Regional Analysis:
The North American regional market dominated the global electric vehicle battery swappin system with a revenue share of over 35% in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing R&D investments by various companies, such as Johnson Controls and LG Chem, for developing advanced batteries for EV applications across the U.S., and Canada.
Asia Pacific regional market is projected to grow at a significant rate during the same period owing to increasing awareness about environmental protection coupled with rising disposable income among consumers in emerging economies including China and India.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is mainly due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered vehicles, such as lower emissions and fuel costs.
- Government initiatives and subsidies: Governments around the world are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, China offers a subsidy of up to ,000 for each electric vehicle purchased. This is helping to drive the growth of the electric vehicle battery swapping system market.
- Technological advancements: The development of new technologies that can improve battery swapping systems is aiding in the growth of this market. For example, Tesla’s “Supercharger” network uses fast-charging technology that can charge a car battery in about 30 minutes – much faster than traditional charging methods used by other vendors in this market space .This is helping to increase consumer confidence in using these systems and driving their uptake globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Battery Swapping System Market Research Report
By Type
Snap-in Type, Bolt Type
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Ample, EChargeUp Solutions Pvt Ltd, Esmito Solutions Pvt Ltd, Geely Group, Gogoro, Inc., Lithion Power Pvt Ltd, NIO, Inc., Oyika Pte Ltd, Sun Mobility Pvt Ltd, VoltUp, Ample
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Battery Swapping System Market Report Segments:
The global Electric Vehicle Battery Swapping System market is segmented on the basis of:
Types
Snap-in Type, Bolt Type
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 Vehicles, Commercial Vehicles
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:
- Ample
- EChargeUp Solutions Pvt Ltd
- Esmito Solutions Pvt Ltd
- Geely Group
- Gogoro, Inc.
- Lithion Power Pvt Ltd
- NIO, Inc.
- Oyika Pte Ltd
- Sun Mobility Pvt Ltd
- VoltUp
- Ample
Highlights of The Electric Vehicle Battery Swapping System 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:
- Snap-in Type
- Bolt Type
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- 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 Electric Vehicle Battery Swapping System 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:
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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?
An electric vehicle battery swapping system is a network of charging stations that allow drivers to swap out depleted batteries in their vehicles for fresh ones. The stations would be located along major routes, making it easy for drivers to get the juice they need while on the go.
Some of the major players in the electric vehicle battery swapping system market are Ample, EChargeUp Solutions Pvt Ltd, Esmito Solutions Pvt Ltd, Geely Group, Gogoro, Inc., Lithion Power Pvt Ltd, NIO, Inc., Oyika Pte Ltd, Sun Mobility Pvt Ltd, VoltUp, Ample.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Battery Swapping System Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Battery Swapping System Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Type
5.2.1 Snap-in Type
5.2.2 Bolt Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Type
9.6.1 Snap-in Type
9.6.2 Bolt Type
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 Electric Vehicle Battery Swapping System Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
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 Electric Vehicle Battery Swapping System Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Type
10.6.1 Snap-in Type
10.6.2 Bolt Type
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 Electric Vehicle Battery Swapping System Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
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 Electric Vehicle Battery Swapping System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Type
11.6.1 Snap-in Type
11.6.2 Bolt Type
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 Electric Vehicle Battery Swapping System Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
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 Electric Vehicle Battery Swapping System Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Battery Swapping System 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 Electric Vehicle Battery Swapping System Market Size Forecast by Type
12.6.1 Snap-in Type
12.6.2 Bolt Type
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 Electric Vehicle Battery Swapping System Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
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) Electric Vehicle Battery Swapping System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Battery Swapping System 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) Electric Vehicle Battery Swapping System Market Size Forecast by Type
13.6.1 Snap-in Type
13.6.2 Bolt Type
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) Electric Vehicle Battery Swapping System Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
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 Electric Vehicle Battery Swapping System Market: Competitive Dashboard
14.2 Global Electric Vehicle Battery Swapping System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ample
14.3.2 EChargeUp Solutions Pvt Ltd
14.3.3 Esmito Solutions Pvt Ltd
14.3.4 Geely Group
14.3.5 Gogoro, Inc.
14.3.6 Lithion Power Pvt Ltd
14.3.7 NIO, Inc.
14.3.8 Oyika Pte Ltd
14.3.9 Sun Mobility Pvt Ltd
14.3.10 VoltUp
14.3.11 Ample
