Electric Vehicle Battery Swapping Market

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Electric Vehicle Battery Swapping Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Service Type (Pay-per-Use and Subscription); By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Vehicle, and Commercial Vehicle); By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)

Published Date: September 2022
Report ID: BWC22380
Available Format: PDF
Page: 421

Report Overview

Global Electric Vehicle Battery Swapping Market is growing due to the increased global demand for electric vehicles coupled with the rising environmental concerns. The battery-as-a-service model has facilitated quick battery swapping and reduced waiting times. The novel technological advancements are also fueling the growth of the electric vehicle battery swapping market.

Global Electric Vehicle Battery Swapping Market - Industry Trends & Forecast Report 2028

Global Electric Vehicle Battery Swapping market was worth USD 126.2 million in 2021 and is projected to reach USD 621.0 million by the year 2028, exhibiting a CAGR of 26.1% in the forecast period. The rapid expansion of the market is predominantly due to the increase in demand for electric vehicles to combat environmental issues like global warming and high carbon emissions. The quick and hassle-free charging coupled with the introduction of the battery-as-a-service model is increasing the demand for electric vehicle battery swapping. The novel technological advancements such as artificial intelligence, GPS tracking, Internet of Things, and facial recognition in this sector are also expected to drive the growth of the global electric vehicle battery swapping market during the forecast period 2022-2028.

Electric Vehicle Battery Swapping Market

Electric Vehicle Battery Swapping - Overview

Electric vehicle battery swapping is the process of swapping discharged batteries with charged ones. This procedure is carried out at battery swapping stations where charged batteries are made available to electric vehicle drivers and discharged batteries are kept for charging. As each battery swap takes less than 10 minutes, these stations provide a quicker solution to address issues like long charging time and range anxiety. This quick recharging process can also be carried out in small spaces compared to charging stations, reducing delays in fast services. Innovative solutions such as artificial intelligence, GPS tracking, Internet of Things, and facial recognition is improving the customer experience in the electric vehicle battery swapping market.

Global Electric Vehicle Battery Swapping Market Forecast and Trends

Growth Drivers

Introduction of Battery-as-a-Service Model

The battery-as-a-service model (BaaS) is an attractive and hassle-free solution adopted by the electric vehicle industry worldwide. With this new process, the ownership of the electric vehicle and the battery is completely separated or individualized. Therefore, the upfront cost of electric vehicles is considerably reduced. The owner of the electric vehicle can opt for a suitable battery swapping model such as pay-per-use or subscription models. The electric vehicle owner doesn't need to worry about buying or recharging and maintaining batteries. This has led to the installation of various battery swapping stations and also enhanced the competitiveness within the market. This has driven the growth of the electric vehicle battery swapping market.

Increased Demand for Electric Vehicles

The increasing awareness of environmental issues like global warming and high carbon emissions, consumer demand for increased vehicle efficiency, and high fuel prices has boosted the demand for electric vehicles. According to IEA, in 2021, about 16.5 million electric vehicles will be on the world's roads, i.e., triple the amount in 2018. Due to the range anxiety of electric vehicle owners and the long charging time of 6-10 hours, the demand for battery swapping services for electric vehicles has bolstered. Various battery swapping stations have been set up due to a lack of suitable public charging facilities and a lack of standardization of charging infrastructure. The increasing sales of electric vehicles are further expected to boost the growth of the electric vehicle battery swapping market in the forecast period.

Restraints

High Total Cost of Investment

Whenever a battery swapping station is set up, a considerable amount of capital is tied up, which leads to an increase in the total investment cost. According to NIO, a battery swapping station, including site leasing, labor batteries, and other equipment, costs approximately 5 million yuan (USD 772,800), whereas the cost of construction of a charging station is approximately 2 million yuan (USD 309,112). This will restrain the growth of the market in the forecast period.

Impact of COVID-19 on Global Electric Vehicle Battery Swapping Market

The global automotive industry was significantly impacted during the Covid-19 pandemic as demand for new and old vehicles fell. Therefore, the global electric vehicle battery swapping market was negatively impacted during the Covid-19 pandemic. Due to worldwide lockdowns and global economic conditions, the business of the key players was seriously affected. People were urged to stay indoors and travel only in case of emergencies. However, this time frame was used by major players to understand the changing landscape and update their strategies. The world has seen increased acceptance of electric vehicles and shared mobility post the Covid-19 pandemic. Electrification has increased in two-wheelers and is soon expected to increase in three-wheelers.

Global Electric Vehicle Battery Swapping Market - By Service Type

Based on service type, the global electric vehicle battery swapping market is segmented into pay-per-use and subscription. Amidst the segmentation, the pay-per-use segment accounted for the largest market share in 2021. This is because drivers choose to pay according to their usage because there is no fixed driving pattern. On the other hand, the subscription segment is estimated to grow at the highest rate during the forecast period due to low cost per swap, increased affordability, and the introduction of more battery leasing solutions.

Global Electric Vehicle Battery Swapping Market - By Vehicle Type

Based on vehicle type, the global electric vehicle battery swapping market is segmented into two-wheeler, three-wheeler, passenger vehicles, and commercial vehicles. Amidst the segmentation, the two-wheeler segment accounted for the largest market share in 2021 and is also estimated to expand at the highest rate in the forecast period 2022-2028. This is due to increased government initiatives for the electrification of transport and higher compatibility of two-wheelers with a modular design. Moreover, on average, two-wheelers travel long distances; therefore, they need to be charged twice or thrice a day. Battery swapping technology allows drivers to utilize their operational hours to the fullest.

Global Electric Vehicle Battery Swapping Market - By Region

Based on regions, the global electric vehicle battery swapping market has been segmented into five categories- North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Amidst the segmentation, Asia-Pacific dominated the global electric vehicle battery swapping market share in 2021 due to the low cost per swap, increased affordability, introduction of more battery leasing solutions and ease of use. On the other hand, Europe is estimated to grow at the highest rate due to the increased adoption of electric mobility and several gigafactories planned to be commissioned during the forecast period.

Competitive Landscape

The key players operating in the global electric vehicle battery swapping market are Amara Raja Batteries Limited, Amplify Cleantech Solutions Private Limited, Chargemygaadi, Echargeup Solutions Pvt. Ltd., Esmito Solutions Pvt. Ltd., Gogoro Inc., Lithion Power Pvt. Ltd., Nio Inc., Numocity Technologies Pvt. Ltd., Oyika, Leo Motors Inc., Tesla Inc., SUN Mobility Pvt. Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd., Panasonic Corporation, Revolt Motors, and TATA Power. In June 2021, ENEOS Holdings and Ample partnered to install fully-automated robotic battery swapping technology in Japan. These marketing strategies, like facility expansion, alliances, mergers, partnerships, and product diversification, are aiding these companies in gaining a competitive advantage and expanding their customer base.

Recent Developments

In April 2021, Nio partnered with Sinopec to launch the Nio Power Swap Station 2.0 at Sinopec's Chaoying Station in China.
In February 2021, Tesla launched a battery swapping station in California to facilitate quick swapping of drained vehicle batteries with fully charged ones. This reduced the dependency of electric vehicle owners on fast-charging stations.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018-2021
	Base Year – 2021
	Estimated Year - 2022
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Million
Market Coverage	North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, The Netherlands, Belgium, NORDIC Countries, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & Africa)
Product Service/Segmentation	By Service Type, By Vehicle Type, By Region
Key Players	Amara Raja Batteries Limited, Amplify Cleantech Solutions Private Limited, Chargemygaadi, Echargeup Solutions Pvt. Ltd., Esmito Solutions Pvt. Ltd., Gogoro Inc., Lithion Power Pvt. Ltd., Nio Inc., Numocity Technologies Pvt. Ltd., Oyika, Leo Motors Inc., Tesla Inc., SUN Mobility Pvt. Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd., Panasonic Corporation, Revolt Motors, TATA Power, and other prominent companies

By Service Type

Pay-per-Use
Subscription

By Vehicle Type

Two-Wheeler
Three-Wheeler
Passenger Vehicle
Commercial Vehicle

By Region

North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa

Research Framework
1. Research Objective
2. Service Type Overview
3. Market Segmentation
Executive Summary
Global Electric Vehicle Battery Swapping Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increased Demand for Electric Vehicles
    2. Introduction of Battery-as-a-Service Model
  2. Restraints
    1. High Total Cost of Investment
  3. Opportunities
    1. Reduced Time for Electric Vehicle Charging
  4. Challenges
    1. Depreciation of Old Batteries
3. Technology Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Electric Vehicle Battery Swapping Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
    1. Pay-per-Use
    2. Subscription
  2. By Vehicle Type
    1. Two-Wheeler
    2. Three-Wheeler
    3. Passenger Vehicle
    4. Commercial Vehicle
  3. By Region
    1. North America
    2. Europe
    3. Asia Pacific (APAC)
    4. Latin America
    5. Middle East and Africa (MEA)
North America Electric Vehicle Battery Swapping Market
1. 1. Market Size & Forecast, by Value, 2018–2028
  2. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
  2. By Vehicle Type
  3. By Country
    1. US
      1. By Service Type
      2. By Vehicle Type
    2. Canada
      1. By Service Type
      2. By Vehicle Type
Europe Electric Vehicle Battery Swapping Market
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
  2. By Vehicle Type
  3. By Country
    1. Germany
      1. By Service Type
      2. By Vehicle Type
    2. UK
      1. By Service Type
      2. By Vehicle Type
    3. Italy
      1. By Service Type
      2. By Vehicle Type
    4. France
      1. By Service Type
      2. By Vehicle Type
    5. Spain
      1. By Service Type
      2. By Vehicle Type
    6. The Netherlands
      1. By Service Type
      2. By Vehicle Type
    7. Belgium
      1. By Service Type
      2. By Vehicle Type
    8. NORDIC Countries
      1. By Service Type
      2. By Vehicle Type
    9. Rest of Europe
      1. By Service Type
      2. By Vehicle Type
Asia Pacific Electric Vehicle Battery Swapping Market
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
  2. By Vehicle Type
  3. By Country
    1. China
      1. By Service Type
      2. By Vehicle Type
    2. India
      1. By Service Type
      2. By Vehicle Type
    3. Japan
      1. By Service Type
      2. By Vehicle Type
    4. South Korea
      1. By Service Type
      2. By Vehicle Type
    5. Australia & New Zealand
      1. By Service Type
      2. By Vehicle Type
    6. Indonesia
      1. By Service Type
      2. By Vehicle Type
    7. Malaysia
      1. By Service Type
      2. By Vehicle Type
    8. Singapore
      1. By Service Type
      2. By Vehicle Type
    9. Philippines
      1. By Service Type
      2. By Vehicle Type
    10. Vietnam
      1. By Service Type
      2. By Vehicle Type
    11. Rest of Asia Pacific
      1. By Service Type
      2. By Vehicle Type
Latin America Electric Vehicle Battery Swapping Market
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
  2. By Vehicle Type
  3. By Country
    1. Brazil
      1. By Service Type
      2. By Vehicle Type
    2. Mexico
      1. By Service Type
      2. By Vehicle Type
    3. Argentina
      1. By Service Type
      2. By Vehicle Type
    4. Peru
      1. By Service Type
      2. By Vehicle Type
    5. Colombia
      1. By Service Type
      2. By Vehicle Type
    6. Rest of Latin America
      1. By Service Type
      2. By Vehicle Type
Middle East & Africa Electric Vehicle Battery Swapping Market
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Service Type
  2. By Vehicle Type
  3. By Country
    1. Saudi Arabia
      1. By Service Type
      2. By Vehicle Type
    2. UAE
      1. By Service Type
      2. By Vehicle Type
    3. Qatar
      1. By Service Type
      2. By Vehicle Type
    4. Kuwait
      1. By Service Type
      2. By Vehicle Type
    5. Iran
      1. By Service Type
      2. By Vehicle Type
    6. South Africa
      1. By Service Type
      2. By Vehicle Type
    7. Nigeria
      1. By Service Type
      2. By Vehicle Type
    8. Kenya
      1. By Service Type
      2. By Vehicle Type
    9. Egypt
      1. By Service Type
      2. By Vehicle Type
    10. Morocco
      1. By Service Type
      2. By Vehicle Type
    11. Algeria
      1. By Service Type
      2. By Vehicle Type
    12. Rest of Middle East & Africa
      1. By Service Type
      2. By Vehicle Type
Competitive Landscape
1. List of Key Players and Their Offerings
2. Global Electric Vehicle Battery Swapping Company Market Share Analysis, 2021
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
Impact of Covid-19 on Global Electric Vehicle Battery Swapping Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
1. Amara Raja Batteries Limited
2. Amplify Cleantech Solutions Private Limited
3. Chargemygaadi
4. Echargeup Solutions Pvt. Ltd.
5. Esmito Solutions Pvt. Ltd.
6. Gogoro Inc.
7. Lithion Power Pvt. Ltd.
8. Nio Inc.
9. Numocity Technologies Pvt. Ltd.
10. Oyika
11. Leo Motors Inc.
12. Tesla Inc.
13. SUN Mobility Pvt. Ltd.
14. BYD Co. Ltd.
15. BattSwap Inc.
16. Kwang Yang Motor Co. Ltd.
17. Panasonic Corporation
18. Revolt Motors
19. TATA Power
20. Other Prominent Companies
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Table

Table 1 Global Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 2 Global Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 3 Global Electric Vehicle Battery Swapping Market Size, By Region, By Value, 2018-2028

Table 4 North America Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 5 North America Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 6 North America Electric Vehicle Battery Swapping Market Size, By Country, By Value, 2018-2028

Table 7 US Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 8 US Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 9 Canada Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 10 Canada Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 11 Europe Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 12 Europe Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 13 Europe Electric Vehicle Battery Swapping Market Size, By Country, By Value, 2018-2028

Table 14 Germany Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 15 Germany Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 16 UK Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 17 UK Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 18 Italy Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 19 Italy Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 20 France Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 21 France Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 22 Spain Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 23 Spain Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 24 The Netherlands Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 25 The Netherlands Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 26 Belgium Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 27 Belgium Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 28 NORDIC Countries Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 29 NORDIC Countries Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 30 Rest of Europe Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 31 Rest of Europe Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 32 Asia-Pacific Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 33 Asia-Pacific Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 34 Asia-Pacific Electric Vehicle Battery Swapping Market Size, By Country, By Value, 2018-2028

Table 35 China Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 36 China Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 37 India Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 38 India Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 39 Japan Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 40 Japan Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 41 South Korea Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 42 South Korea Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 43 Australia & New Zealand Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 44 Australia & New Zealand Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 45 Indonesia Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 46 Indonesia Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 47 Malaysia Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 48 Malaysia Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 49 Singapore Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 50 Singapore Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 51 Philippines Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 52 Philippines Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 53 Vietnam Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 54 Vietnam Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 55 Rest of Asia Pacific Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 56 Rest of Asia Pacific Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 57 Latin America Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 58 Latin America Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 59 Latin America Electric Vehicle Battery Swapping Market Size, By Country, By Value, 2018-2028

Table 60 Brazil Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 61 Brazil Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 62 Mexico Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 63 Mexico Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 64 Argentina Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 65 Argentina Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 66 Peru Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 67 Peru Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 68 Colombia Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 69 Colombia Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 70 Rest of Latin America Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 71 Rest of Latin America Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 72 Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Table 73 Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 74 Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Country, By Value, 2018-2028

Table 75 Saudi Arabia Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 76 Saudi Arabia Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 77 UAE Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 78 UAE Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 79 Qatar Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 80 Qatar Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 81 Kuwait Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 82 Kuwait Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 83 Iran Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 84 Iran Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 85 South Africa Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 86 South Africa Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 87 Nigeria Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 88 Nigeria Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 89 Kenya Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 90 Kenya Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 91 Egypt Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 92 Egypt Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 93 Morocco Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 94 Morocco Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 95 Algeria Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 96 Algeria Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 97 Rest of Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Service Type, By Value, 2018-2028

Table 98 Rest of Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Vehicle Type, By Value, 2018-2028

Table 99 Amara Raja Batteries Limited Company Overview

Table 100 Amara Raja Batteries Limited Financial Overview

Table 101 Amplify Cleantech Solutions Private Limited Company Overview

Table 102 Amplify Cleantech Solutions Private Limited Financial Overview

Table 103 Chargemygaadi Company Overview

Table 104 Chargemygaadi Financial Overview

Table 105 Echargeup Solutions Pvt. Ltd. Company Overview

Table 106 Echargeup Solutions Pvt. Ltd. Financial Overview

Table 107 Esmito Solutions Pvt. Ltd. Company Overview

Table 108 Esmito Solutions Pvt. Ltd. Financial Overview

Table 109 Gogoro Inc. Company Overview

Table 110 Gogoro Inc. Financial Overview

Table 111 Lithion Power Pvt. Ltd. Company Overview

Table 112 Lithion Power Pvt. Ltd. Financial Overview

Table 113 Nio Inc. Company Overview

Table 114 Nio Inc. Financial Overview

Table 115 Numocity Technologies Pvt. Ltd. Company Overview

Table 116 Numocity Technologies Pvt. Ltd. Financial Overview

Table 117 Oyika Company Overview

Table 118 Oyika Financial Overview

Table 119 Leo Motors Inc. Company Overview

Table 120 Leo Motors Inc. Financial Overview

Table 121 Tesla Inc. Company Overview

Table 122 Tesla Inc. Financial Overview

Table 123 SUN Mobility Pvt. Ltd. Company Overview

Table 124 SUN Mobility Pvt. Ltd. Financial Overview

Table 125 BYD Co. Ltd. Company Overview

Table 126 BYD Co. Ltd. Financial Overview

Table 127 BattSwap Inc. Company Overview

Table 128 BattSwap Inc. Financial Overview

Table 129 Kwang Yang Motor Co. Ltd. Company Overview

Table 130 Kwang Yang Motor Co. Ltd. Financial Overview

Table 131 Panasonic Corporation Company Overview

Table 132 Panasonic Corporation Financial Overview

Table 133 Revolt Motors Company Overview

Table 134 Revolt Motors Financial Overview

Table 135 TATA Power Company Overview

Table 136 TATA Power Financial Overview

Lst of Figure

Figure 1 Global Electric Vehicle Battery Swapping Segmentation

Figure 2 Global Electric Vehicle Battery Swapping Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2021

Figure 4 Global Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 5 Global Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 6 Global Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 7 Global Electric Vehicle Battery Swapping Market Share, By Region, By Value, 2018-2028

Figure 8 North America Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 9 North America Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 10 North America Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 11 North America Electric Vehicle Battery Swapping Market Share, By Country, By Value, 2018-2028

Figure 12 US Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 13 US Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 14 US Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 15 Canada Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 16 Canada Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 17 Canada Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 18 Europe Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 19 Europe Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 20 Europe Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 21 Europe Electric Vehicle Battery Swapping Market Share, By Country, By Value, 2018-2028

Figure 22 Germany Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 23 Germany Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 24 Germany Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 25 UK Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 26 UK Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 27 UK Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 28 Italy Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 29 Italy Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 30 Italy Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 31 France Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 32 France Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 33 France Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 34 Spain Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 35 Spain Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 36 Spain Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 37 The Netherlands Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 38 The Netherlands Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 39 The Netherlands Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 40 Belgium Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 41 Belgium Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 42 Belgium Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 43 NORDIC Countries Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 44 NORDIC Countries Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 45 NORDIC Countries Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 46 Rest of Europe Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 47 Rest of Europe Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 48 Rest of Europe Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 49 Asia-Pacific Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 50 Asia-Pacific Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 51 Asia-Pacific Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 52 Asia-Pacific Electric Vehicle Battery Swapping Market Share, By Country, By Value, 2018-2028

Figure 53 China Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 54 China Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 55 China Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 56 India Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 57 India Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 58 India Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 59 Japan Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 60 Japan Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 61 Japan Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 62 South Korea Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 63 South Korea Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 64 South Korea Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 65 Australia & New Zealand Electric Vehicle Battery Swapping Market Share, By Value, 2018-2028

Figure 66 Australia & New Zealand Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 67 Australia & New Zealand Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 68 Indonesia Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 69 Indonesia Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 70 Indonesia Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 71 Malaysia Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 72 Malaysia Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 73 Malaysia Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 74 Singapore Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 75 Singapore Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 76 Singapore Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 77 Philippines Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 78 Philippines Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 79 Philippines Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 80 Vietnam Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 81 Vietnam Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 82 Vietnam Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 83 Rest of Asia Pacific Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 84 Rest of Asia Pacific Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 85 Rest of Asia Pacific Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 86 Latin America Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 87 Latin America Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 88 Latin America Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 89 Latin America Electric Vehicle Battery Swapping Market Share, By Country, By Value, 2018-2028

Figure 90 Brazil Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 91 Brazil Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 92 Brazil Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 93 Mexico Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 94 Mexico Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 95 Mexico Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 96 Argentina Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 97 Argentina Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 98 Argentina Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 99 Peru Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 100 Peru Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 101 Peru Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 102 Colombia Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 103 Colombia Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 104 Colombia Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 105 Rest of Latin America Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 106 Rest of Latin America Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 107 Rest of Latin America Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 108 Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 109 Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Service Type, By Value (USD Million), 2018-2028

Figure 110 Middle East & Africa Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 111 Middle East & Africa Electric Vehicle Battery Swapping Market Share, By Country, By Value, 2018-2028

Figure 112 Saudi Arabia Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 113 Saudi Arabia Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 114 Saudi Arabia Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 115 UAE Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 116 UAE Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 117 UAE Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 118 Qatar Electric Vehicle Battery Swapping Market Share, By Value (USD Million), 2018-2028

Figure 119 Qatar Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 120 Qatar Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 121 Kuwait Electric Vehicle Battery Swapping Market Share, By Value (USD Million), 2018-2028

Figure 122 Kuwait Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 123 Kuwait Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 124 Iran Electric Vehicle Battery Swapping Market Share, By Value (USD Million), 2018-2028

Figure 125 Iran Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 126 Iran Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 127 South Africa Electric Vehicle Battery Swapping Market Share, By Value (USD Million), 2018-2028

Figure 128 South Africa Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 129 South Africa Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 130 Nigeria Electric Vehicle Battery Swapping Market Share, By Value (USD Million), 2018-2028

Figure 131 Nigeria Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 132 Nigeria Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 133 Kenya Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 134 Kenya Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 135 Kenya Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 136 Egypt Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 137 Egypt Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 138 Egypt Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 139 Morocco Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 140 Morocco Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 141 Morocco Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 142 Algeria Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 143 Algeria Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 144 Algeria Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Figure 145 Rest of Middle East & Africa Electric Vehicle Battery Swapping Market Size, By Value (USD Million), 2018-2028

Figure 146 Rest of Middle East & Africa Electric Vehicle Battery Swapping Market Share, By Service Type, By Value, 2018-2028

Figure 147 Rest of Middle East & Africa Electric Vehicle Battery Swapping Market Share, By Vehicle Type, By Value, 2018-2028

Market Segmentation

By Service Type

Pay-per-Use
Subscription

By Vehicle Type

Two-Wheeler
Three-Wheeler
Passenger Vehicle
Commercial Vehicle

By Region

North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa

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Frequently Asked Questions (FAQs):

1. What is the current size of the global electric vehicle battery swapping market?

Ans: The global electric vehicle battery swapping market reached USD 126.2 million in 2021.

2. Which segment accounted for the largest share in the global electric vehicle battery swapping market?

Ans: The two-wheeler segment accounted for the largest share in the global electric vehicle battery swapping market.

3. Which region is the most dominant in global electric vehicle battery swapping market?

Ans: Asia-Pacific region has the largest share in global electric vehicle battery swapping market.

4. What are the major factors driving the growth of the global electric vehicle battery swapping market?

Ans: The major factors driving the growth of the global electric vehicle battery swapping market are introduction of battery-as-a-service model, increased demand for electric vehicles, and reduced time for electric vehicle charging.

5. Who are the key players in the global electric vehicle battery swapping market?

Ans: The key players in the global electric vehicle battery swapping market are Amara Raja Batteries Limited, Amplify Cleantech Solutions Private Limited, Chargemygaadi, Echargeup Solutions Pvt. Ltd., Esmito Solutions Pvt. Ltd., Gogoro Inc., Lithion Power Pvt. Ltd., Nio Inc., Numocity Technologies Pvt. Ltd., Oyika, Leo Motors Inc., Tesla Inc., SUN Mobility Pvt. Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd., Panasonic Corporation, Revolt Motors, TATA Power, and other prominent companies.

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Electric Vehicle Battery Swapping Market

Report Overview

Market Segmentation

To request a free sample copy of this report, please complete the form below.

Frequently Asked Questions (FAQs):

1. What is the current size of the global electric vehicle battery swapping market?

2. Which segment accounted for the largest share in the global electric vehicle battery swapping market?

3. Which region is the most dominant in global electric vehicle battery swapping market?

4. What are the major factors driving the growth of the global electric vehicle battery swapping market?

5. Who are the key players in the global electric vehicle battery swapping market?

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