Battery Swapping Market, By Battery Type (Lead-Acid, Lithium-Ion, Nickel-Metal Hydride and Solid State), By Battery Form (Prismatic, Cylindrical and Pouch), By Method (Wire Bonding and Laser Bonding), By Propulsion (BEV, HEV, PHEV and FCEV), By Service Type (Subscription Model and Pay-Per-User Model), By Vehicle Type (Two Wheelers, Three Wheelers, Passenger Cars and Commercial Vehicles) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI467321 | Publish Date: April 2024 | No. of Pages: 168

Global Battery Swapping Market Overview

Battery swapping reduces battery charging wait time of electric vehicles and are being preferred by user across the world. These batteries are lowering the waiting time from 1.5 to 2 hours to under 3 minutes. In addition improving battery life of electric vehicles and it enhances the performances of EV and provide higher remunerative opportunities to shared e-mobility service provider throughout the world. Today, with increasing concerns raised over environmental impact of conventional vehicles, these EVs are zero-emission vehicles. The Battery Swapping Market accounted for US$ 110.44 million in 2019 and is estimated to be US$ 1264.2 million by 2029 and is anticipated to register a CAGR of 27.6%.

Impact of Covid-19 pandemic on market

Due to the pandemic, many countries imposed a complete lockdown of more than two months, which, in turn, impacted the production of electric vehicles and battery components. Manufacturing units around the world were shut down, and electric vehicle sales took a significant hit initially. However, the majority of the automakers resumed vehicle production with limited production and necessary measures.

Global Battery Swapping Market Dynamics

Launching of new plug-in models by major key manufacturers

The electric vehicles are significantly in growing phase due to which many major key players are entering into this market. Many major automobiles manufacturers are partnering to take advantage of rapidly growing market.

Continuously emphasizing by Government to protect the environment

Today, with increasing concerns raised over environmental impact of conventional vehicles, these EVs are zero-emission vehicles which boost the market of Battery Swapping Market/Global Battery-as-a-service.

However, technical and concern over battery safety  might hamper growth of the global market to a certain extent.

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Global Battery Swapping Market Segmentation

Battery Swapping Market/Global Battery-as-a-service Market is segmented based on Battery type, Battery form, Method, Propulsion, Service Type, Vehicle type and region.

On the basis of Battery type, the Battery Swapping Market/Global Battery-as-a-service Market is segmented into Lead-Acid, Lithium-Ion, Nickel-Metal Hydride and Solid State. Based on Battery form, the target market is segmented into Prismatic, Cylindrical and Pouch. Based on Method, the target market is segmented into Wire bonding and Laser bonding. On the basis of Propulsion, the target market is segmented into BEV, HEV, PHEV and FCEV. On the basis of Service type, the target market is segmented into Subscription model and Pay-per-use model. On the basis of Vehicle type, the target market is segmented into Two Wheelers, Three Wheelers, Passenger Cars and Commercial Vehicles.

Regional Insights:

On region the Battery Swapping Market/Global Battery-as-a-service Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific (APAC) is dominating with highest share market of Battery Swapping Market/Global Battery-as-a-service due to increasing number of initiatives being taken by Chinese electric vehicle producing companies to develop more advance technologies. For instance, NIO Inc., Chinese companies is developing stations for EV battery swapping in various cities across country, with almost 80 stations already installed in major cities by 2018.

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Attribute

Details

Base year for estimation

2019

Forecast period

2019 – 2029

Market representation

Revenue in USD Million & CAGR from 2019 – 2029

Market Segmentation

By Battery type- Lead-Acid, Lithium-Ion, Nickel-Metal Hydride and Solid State

By Battery form– Prismatic, Cylindrical and Pouch

By Method– Wire bonding and Laser bonding

By Propulsion- BEV, HEV, PHEV and FCEV

By Service type- Subscription model and Pay-per-use model

By Vehicle type- Two Wheelers, Three Wheelers, Passenger Cars and Commercial Vehicles.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, The Battery Swapping Market/Global Battery-as-a-service Market is segmented based on Battery type, Battery form, Method, Propulsion, Service Type, Vehicle type and region

Battery Swapping Market-Segmentation

Battery Swapping Market/Global Battery-as-a-service Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Battery Swapping Market Key Players

The Battery Swapping Market/Global Battery-as-a-service Market is dominated by major players CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea).The key strategies adopted by these companies to have strong position in the market  are new product developments, merges & acquisitions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.

Global Battery Swapping Market Company Profile

  • Samsung SDI (South Korea)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CATL (China)
  • Panasonic (Japan)
  •  LG Chem (South Korea)
  • BYD (China)

 “*” marked represents similar segmentation in other categories in the respective section

Global Battery Swapping Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Battery Swapping Market Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Battery Type
      • Market Snippet, By Battery form
      • Market Snippet, By Method
      • Market Snippet, By Propulsion
      • Market Snippet, By Service Type
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5.  Market Segmentation, By Battery Type 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Lead-Acid
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Lithium-Ion
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    •  Nickel-Metal Hydride
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Solid State
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6.  Market Segmentation, By Battery form 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Prismatic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Cylindrical
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Pouch
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Market Segmentation, By Method, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Wire bonding
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Laser bonding
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8.  Market Segmentation, By Propulsion, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • BEV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • HEV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • PHEV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • FCEV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  9. Market Segmentation, By Service type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Subscription Model
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Pay-Per-Use Model
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  10. Market Segmentation, By Vehicle type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Two wheeler
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Three wheeler
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Passengers cars
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Commercial vehicle
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  11.  Global Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Battery Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Battery Form, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Method, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Propulsion, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Battery Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Battery Form, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Method, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Propulsion, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Battery Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Battery Form, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Method, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Propulsion, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Battery Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Battery Form, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Method, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Propulsion, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Battery Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Battery Form, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Method, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Propulsion, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Vehicle Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  12. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  13. Company Profiles
  • Samsung SDI (South Korea)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CATL (China)
  • Panasonic (Japan)
  •  LG Chem (South Korea)
  • BYD (China)
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Battery Swapping Market/Global Battery-as-a-service Market is segmented based on Battery type, Battery form, Method, Propulsion, Service Type, Vehicle type and region.

The key strategies adopted by these companies to have strong position in the market are new product developments, merges & acquistions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.

Asia Pacific (APAC) is dominating with highest share market of Battery Swapping Market/Global Battery-as-a-service due to increasing number of initiatives being taken by Chinese electric vehicle producing companies to develop more advance technologies.

Battery Swapping Market/Global Battery-as-a-service Market is dominated by major players CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea).