Electric Vehicle Battery Swapping Market By Vehicle Type (2-Wheeler, Passenger Vehicles, Commercial Vehicles (Buses, 3-Wheelers, Other); By Pricing Model (Pay Per Use Model, Subscription Model); By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia(Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia) Rest of Asia Pacific, Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa) Latin America (Brazil, Argentina, Rest of Latin America)) - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 – 2029
Industry Trends
Global electric vehicle battery swapping market is projected to be driven by growing electric vehicle sales along with increasing need for charging infrastructure. The concept of battery swapping is based on holding inventory of fully charged batteries which can be swapped with depleted battery by end-user. Proliferation in energy demand along with increasing carbon emissions from conventional vehicles has escalated environmental concerns globally. Such a trend has majorly fuelled the demand for electric vehicles in the recent past. Global electric vehicle paradigm also increased the need for effective energy distribution and charging technologies. Currently, most popular charging technologies include plug-in charging, inductive/capacitive charging, autonomous charging, and battery swapping. Battery swapping system is gaining popularity in conjunction with improving grid reliability and cost-effective measure for charging electric vehicles. Minimising charging time, increased affordability of electric vehicles, flexible payment models and improving energy efficiency of battery life are some of the major factors which are positively influencing consumer dynamics and driving the growth of electric vehicle battery swapping market.
According to International Energy Agency (IEA), governments around the globe spent around USD 14 billion on tax deductions and direct purchase incentives for electric vehicles in 2020. Apart from government expenditure, in 2020, consumer spending increased by 50% from 2019 on electric vehicle purchases. Increasing expenditure on electric vehicles have fostered original equipment manufacturers (OEMs) to embrace electric mobility and electrification target completion by 2030 and beyond. Moreover, some of the industry participants have planned to reconfigure their product lines by only producing electric vehicles. Such plans were announced in first quarter of 2021 by manufacturers namely Ford Motor Company, Volvo, General Motors Company, Volkswagen AG, and Stellantis N.V. Hence, these robust electric vehicle pipeline projects are further likely to spur growth of electric vehicle battery swapping market over the forecast period.
The industry faced short term impact during COVID-19 pandemic, as economic repercussions of pandemic hindered the automotive sales. Electric vehicles market, being resilient compared to general automotive vehicles, purchase incentives, supportive regulatory framework and stimulus measures drove electric car sales post crisis. Despite of unprecedented economic downturn, the growth prospects for electric vehicle battery swapping have been bolstered with new Chinese project developments and funding announcements. For instance, in October 2021, Chinese Ministry of Industry and Information Technology (MIIT) launched battery replacement pilot programme for electric vehicles in China. Moreover, the project targets to build around 1000 battery swapping stations and launch more than 100,000 battery swap compatible electric vehicles. Growing investments along with development of new projects in line with economic rebound is further likely to drive electric vehicle battery swapping market growth in the extended run.
In terms of revenue, global electric vehicle battery swapping market was valued at US$ 190.29 Mn in 2020 growing at a CAGR of 25.6% over the forecast period (2021 – 2029). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Global Electric Vehicle Battery Swapping Market Revenue & Forecast, (US$ Million), 2015 – 2029
Vehicle Type Outlook:
Based on vehicle type, electric vehicle battery swapping market has been segmented into 2-Wheelers, passenger vehicles, and commercial vehicles. Commercial electric vehicles dominated the electric vehicle battery swapping market in 2020. The growth in this segment is attributed to high concentration of three wheelers in Asia Pacific, especially China. Apart from 3-wheelers, 2-wheelers and passenger vehicles are projected to grow at brisk pace. Advent of new energy vehicle dual credit systems and battery swapping programmes in China has further bolstered the demand of battery swapping system in commercial vehicles.
Pricing Model Outlook:
Based on pricing model, the global electric vehicle battery swapping market has been segmented into pay per use model and subscription model. Pay per use pricing model accounted for the highest share in electric vehicle battery swapping market in 2020. The growth in this segment can be attributed to mindful expenditure of consumers in new markets along with no residual value risks. Pay per use of electric vehicle battery swapping deployment in new markets are highly beneficial for consumers in reducing hefty upfront costs. Such a trend is likely to drive the product demand in new markets which subsequently will drive the growth of electric vehicle battery swapping market.
Region Outlook:
Based on regions, Asia Pacific emerged as the largest regional market in 2020. The growth in this region is mainly attributed to well-developed charging infrastructure in China and abundant number of charging piles for electric vehicles. According to China Electric Vehicle Charging Infrastructure Promotion Alliance, in 2020, China added 462,000 new pubic charging piles with average annual growth rate (AAGR) of 37.9% from 2019. Moreover, growing penetration of battery swapping systems in India and European countries on account of favourable incentive schemes and regulatory support is further likely to drive the electric vehicle battery swapping market regionally.
Competitive Landscape Outlook:
The report provides both, qualitative and quantitative research of global electric vehicle battery swapping market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The key companies profiled in the global electric vehicle battery swapping market analysis are
- Ample
- Esmito Solutions Pvt Ltd.
- EVI Technologies Pvt Ltd.
- Gogoro
- Honda Motor Co., Ltd
- Lithion Power Private Limited
- NIO
- Oyika
- SUN Mobility
- Upgrid Solutions Private Limited
- Other Market Participants
Global Electric Vehicle Battery Swapping Market:
By Vehicle Type:
- 2-Wheelers
- Passenger Vehicles
- Commercial Vehicles
- Buses
- 3-Wheelers
- Others
By Pricing Model:
- Pay per Use Model
- Subscription Model
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1.
Market
Scope
1.1. Market Segmentation
1.2. Years Considered
1.2.1. Historic Years: 2015 - 2019
1.2.2. Base Year: 2020
1.2.3. Forecast Years: 2021 – 2029
2.
Key
Target Audiences
3.
Research
Methodology
3.1. Primary Research
3.1.1. Research Questionnaire
3.1.2. Global Percentage Breakdown
3.1.3. Primary Interviews: Key Opinion Leaders
(KOLs)
3.2. Secondary Research
3.2.1. Paid Databases
3.2.2. Secondary Sources
3.3. Market Size Estimates
3.3.1. Top-Down Approach
3.3.2. Bottom-Up Approach
3.4. Data Triangulation Methodology
3.5. Research Assumptions
4.
Recommendations
and Insights from AMI’s Perspective**
5.
Holistic
Overview of Electric Vehicle Battery Swapping Market
6.
Market
Synopsis: Electric Vehicle Battery
Swapping Market
7.
Electric
Vehicle Battery Swapping Market Analysis: Qualitative Perspective
7.1. Introduction
7.1.1. Product Definition
7.1.2. Industry Development
7.2. Market Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Opportunities
7.3. Trends in Electric Vehicle Battery Swapping
Market
7.4. Market Determinants Radar Chart
7.5. Macro-Economic and Micro-Economic Indicators:
Electric Vehicle Battery Swapping Market
7.6. Impact of Covid-19 on Electric Vehicle
Battery Swapping Market
8.
Global
Electric Vehicle Battery Swapping Market Analysis and Forecasts, 2021 – 2029
8.1. Overview
8.1.1. Global Electric Vehicle Battery Swapping
Market Revenue (US$ Mn)
8.2. Global Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
8.2.1. 2-Wheelers
8.2.1.1.
Definition
8.2.1.2.
Market
Estimation and Penetration, 2015 - 2020
8.2.1.3.
Market
Forecast, 2021 - 2029
8.2.1.4.
Compound
Annual Growth Rate (CAGR)
8.2.1.5.
Regional
Bifurcation
8.2.1.5.1.
North
America
8.2.1.5.1.1. Market Estimation, 2015 - 2020
8.2.1.5.1.2. Market Forecast, 2021 - 2029
8.2.1.5.2.
Europe
8.2.1.5.2.1. Market Estimation, 2015 - 2020
8.2.1.5.2.2. Market Forecast, 2021 - 2029
8.2.1.5.3.
Asia
Pacific
8.2.1.5.3.1. Market Estimation, 2015 - 2020
8.2.1.5.3.2. Market Forecast, 2021 - 2029
8.2.1.5.4.
Middle
East and Africa
8.2.1.5.4.1. Market Estimation, 2015 - 2020
8.2.1.5.4.2. Market Forecast, 2021 - 2029
8.2.1.5.5.
Latin
America
8.2.1.5.5.1. Market Estimation, 2015 - 2020
8.2.1.5.5.2. Market Forecast, 2021 - 2029
8.2.2. Passenger Vehicles
8.2.2.1.
Definition
8.2.2.2.
Market
Estimation and Penetration, 2015 - 2020
8.2.2.3.
Market
Forecast, 2021 - 2029
8.2.2.4.
Compound
Annual Growth Rate (CAGR)
8.2.2.5.
Regional
Bifurcation
8.2.2.5.1.
North
America
8.2.2.5.1.1. Market Estimation, 2015 - 2020
8.2.2.5.1.2. Market Forecast, 2021 - 2029
8.2.2.5.2.
Europe
8.2.2.5.2.1. Market Estimation, 2015 - 2020
8.2.2.5.2.2. Market Forecast, 2021 - 2029
8.2.2.5.3.
Asia
Pacific
8.2.2.5.3.1. Market Estimation, 2015 - 2020
8.2.2.5.3.2. Market Forecast, 2021 - 2029
8.2.2.5.4.
Middle
East and Africa
8.2.2.5.4.1. Market Estimation, 2015 - 2020
8.2.2.5.4.2. Market Forecast, 2021 - 2029
8.2.2.5.5.
Latin
America
8.2.2.5.5.1. Market Estimation, 2015 - 2020
8.2.2.5.5.2. Market Forecast, 2021 - 2029
8.2.3. Commercial Vehicles (Definition, Market
Estimation and Penetration, 2015 - 2020, Market Estimation (2015 - 2020),
Market Forecast (2021 - 2029), Compound Annual Growth Rate (CAGR), Regional
Bifurcation (North America, Europe, Asia Pacific, Middle East and Africa, Latin
America) and Information on Buses, 3-Wheelers, Others)
8.2.3.1.
Buses
8.2.3.2.
3-Wheelers
8.2.3.3.
Others
8.3. Key Segment for Channeling Investments
8.3.1. By Vehicle Type
9.
Global
Electric Vehicle Battery Swapping Market Analysis and Forecasts, 2021 – 2029
9.1. Overview
9.2. Global Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
9.2.1. Pay Per Use Model
9.2.1.1.
Definition
9.2.1.2.
Market
Estimation and Penetration, 2015 - 2020
9.2.1.3.
Market
Forecast, 2021 - 2029
9.2.1.4.
Compound
Annual Growth Rate (CAGR)
9.2.1.5.
Regional
Bifurcation
9.2.1.5.1.
North
America
9.2.1.5.1.1. Market Estimation, 2015 - 2020
9.2.1.5.1.2. Market Forecast, 2021 - 2029
9.2.1.5.2.
Europe
9.2.1.5.2.1. Market Estimation, 2015 - 2020
9.2.1.5.2.2. Market Forecast, 2021 - 2029
9.2.1.5.3.
Asia
Pacific
9.2.1.5.3.1. Market Estimation, 2015 - 2020
9.2.1.5.3.2. Market Forecast, 2021 - 2029
9.2.1.5.4.
Middle
East and Africa
9.2.1.5.4.1. Market Estimation, 2015 - 2020
9.2.1.5.4.2. Market Forecast, 2021 - 2029
9.2.1.5.5.
Latin
America
9.2.1.5.5.1. Market Estimation, 2015 - 2020
9.2.1.5.5.2. Market Forecast, 2021 - 2029
9.2.2. Subscription Model
9.2.2.1.
Definition
9.2.2.2.
Market
Estimation and Penetration, 2015 - 2020
9.2.2.3.
Market
Forecast, 2021 - 2029
9.2.2.4.
Compound
Annual Growth Rate (CAGR)
9.2.2.5.
Regional
Bifurcation
9.2.2.5.1.
North
America
9.2.2.5.1.1. Market Estimation, 2015 - 2020
9.2.2.5.1.2. Market Forecast, 2021 - 2029
9.2.2.5.2.
Europe
9.2.2.5.2.1. Market Estimation, 2015 - 2020
9.2.2.5.2.2. Market Forecast, 2021 - 2029
9.2.2.5.3.
Asia
Pacific
9.2.2.5.3.1. Market Estimation, 2015 - 2020
9.2.2.5.3.2. Market Forecast, 2021 - 2029
9.2.2.5.4.
Middle
East and Africa
9.2.2.5.4.1. Market Estimation, 2015 - 2020
9.2.2.5.4.2. Market Forecast, 2021 - 2029
9.2.2.5.5.
Latin
America
9.2.2.5.5.1. Market Estimation, 2015 - 2020
9.2.2.5.5.2. Market Forecast, 2021 - 2029
9.3. Key Segment for Channeling Investments
9.3.1. By Pricing Model
10. North America Electric Vehicle Battery
Swapping Market Analysis and Forecasts, 2021 - 2029
10.1. Overview
10.1.1. North America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn)
10.2. North America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
10.2.1. 2-Wheelers
10.2.2. Passenger Vehicles
10.2.3. Commercial Vehicles
10.2.3.1. Buses
10.2.3.2. 3-Wheelers
10.2.3.3. Others
10.3. North America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
10.3.1. Pay Per Use Model
10.3.2. Subscription Model
10.4. North America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
10.4.1. U.S
10.4.1.1. U.S Electric Vehicle Battery Swapping Market
Revenue (US$ Mn) and Forecasts, By Vehicle Type
10.4.1.1.1. 2-Wheelers
10.4.1.1.2. Passenger Vehicles
10.4.1.1.3. Commercial Vehicles
10.4.1.1.3.1. Buses
10.4.1.1.3.2. 3-Wheelers
10.4.1.1.3.3. Others
10.4.1.2. U.S Electric Vehicle Battery Swapping Market
Revenue (US$ Mn) and Forecasts, By Pricing Model
10.4.1.2.1. Pay Per Use Model
10.4.1.2.2. Subscription Model
10.4.2. Canada
10.4.2.1. Canada Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
10.4.2.1.1. 2-Wheelers
10.4.2.1.2. Passenger Vehicles
10.4.2.1.3. Commercial Vehicles
10.4.2.1.3.1. Buses
10.4.2.1.3.2. 3-Wheelers
10.4.2.1.3.3. Others
10.4.2.2. Canada Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
10.4.2.2.1. Pay Per Use Model
10.4.2.2.2. Subscription Model
10.4.3. Mexico
10.4.3.1. Mexico Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
10.4.3.1.1. 2-Wheelers
10.4.3.1.2. Passenger Vehicles
10.4.3.1.3. Commercial Vehicles
10.4.3.1.3.1. Buses
10.4.3.1.3.2. 3-Wheelers
10.4.3.1.3.3. Others
10.4.3.2. Mexico Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
10.4.3.2.1. Pay Per Use Model
10.4.3.2.2. Subscription Model
10.4.4. Rest of North America
10.4.4.1. Rest of North America Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
10.4.4.1.1. 2-Wheelers
10.4.4.1.2. Passenger Vehicles
10.4.4.1.3. Commercial Vehicles
10.4.4.1.3.1. Buses
10.4.4.1.3.2. 3-Wheelers
10.4.4.1.3.3. Others
10.4.4.2. Rest of North America Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
10.4.4.2.1. Pay Per Use Model
10.4.4.2.2. Subscription Model
10.5. Key Segment for Channeling Investments
10.5.1. By Country
10.5.2. By Vehicle Type
10.5.3. By Pricing Model
11. Europe Electric Vehicle Battery Swapping
Market Analysis and Forecasts, 2021 - 2029
11.1. Overview
11.1.1. Europe Electric Vehicle Battery Swapping
Market Revenue (US$ Mn)
11.2. Europe Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.2.1. 2-Wheelers
11.2.2. Passenger Vehicles
11.2.3. Commercial Vehicles
11.2.3.1. Buses
11.2.3.2. 3-Wheelers
11.2.3.3. Others
11.3. Europe Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.3.1. Pay Per Use Model
11.3.2. Subscription Model
11.4. Europe Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Country
11.4.1. France
11.4.1.1. France Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.1.1.1. 2-Wheelers
11.4.1.1.2. Passenger Vehicles
11.4.1.1.3. Commercial Vehicles
11.4.1.1.3.1. Buses
11.4.1.1.3.2. 3-Wheelers
11.4.1.1.3.3. Others
11.4.1.2. France Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.1.2.1. Pay Per Use Model
11.4.1.2.2. Subscription Model
11.4.2. The UK
11.4.2.1. The UK Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.2.1.1. 2-Wheelers
11.4.2.1.2. Passenger Vehicles
11.4.2.1.3. Commercial Vehicles
11.4.2.1.3.1. Buses
11.4.2.1.3.2. 3-Wheelers
11.4.2.1.3.3. Others
11.4.2.2. The UK Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.2.2.1. Pay Per Use Model
11.4.2.2.2. Subscription Model
11.4.3. Spain
11.4.3.1. Spain Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.3.1.1. 2-Wheelers
11.4.3.1.2. Passenger Vehicles
11.4.3.1.3. Commercial Vehicles
11.4.3.1.3.1. Buses
11.4.3.1.3.2. 3-Wheelers
11.4.3.1.3.3. Others
11.4.3.2. Spain Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.3.2.1. Pay Per Use Model
11.4.3.2.2. Subscription Model
11.4.4. Germany
11.4.4.1. Germany Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.4.1.1. 2-Wheelers
11.4.4.1.2. Passenger Vehicles
11.4.4.1.3. Commercial Vehicles
11.4.4.1.3.1. Buses
11.4.4.1.3.2. 3-Wheelers
11.4.4.1.3.3. Others
11.4.4.2. Germany Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.4.2.1. Pay Per Use Model
11.4.4.2.2. Subscription Model
11.4.5. Italy
11.4.5.1. Italy Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.5.1.1. 2-Wheelers
11.4.5.1.2. Passenger Vehicles
11.4.5.1.3. Commercial Vehicles
11.4.5.1.3.1. Buses
11.4.5.1.3.2. 3-Wheelers
11.4.5.1.3.3. Others
11.4.5.2. Italy Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.5.2.1. Pay Per Use Model
11.4.5.2.2. Subscription Model
11.4.6. Nordic Countries
11.4.6.1. Nordic Countries Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.6.1.1. 2-Wheelers
11.4.6.1.2. Passenger Vehicles
11.4.6.1.3. Commercial Vehicles
11.4.6.1.3.1. Buses
11.4.6.1.3.2. 3-Wheelers
11.4.6.1.3.3. Others
11.4.6.2. Nordic Countries Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.6.2.1. Pay Per Use Model
11.4.6.2.2. Subscription Model
11.4.6.3. Nordic Countries Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
11.4.6.3.1. Denmark
11.4.6.3.2. Finland
11.4.6.3.3. Iceland
11.4.6.3.4. Sweden
11.4.6.3.5. Norway
11.4.7. Benelux Union
11.4.7.1. Benelux Union Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.7.1.1. 2-Wheelers
11.4.7.1.2. Passenger Vehicles
11.4.7.1.3. Commercial Vehicles
11.4.7.1.3.1. Buses
11.4.7.1.3.2. 3-Wheelers
11.4.7.1.3.3. Others
11.4.7.2. Benelux Union Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.7.2.1. Pay Per Use Model
11.4.7.2.2. Subscription Model
11.4.7.3. Benelux Union Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
11.4.7.3.1. Belgium
11.4.7.3.2. The Netherlands
11.4.7.3.3. Luxembourg
11.4.8. Rest of Europe
11.4.8.1. Rest of Europe Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
11.4.8.1.1. 2-Wheelers
11.4.8.1.2. Passenger Vehicles
11.4.8.1.3. Commercial Vehicles
11.4.8.1.3.1. Buses
11.4.8.1.3.2. 3-Wheelers
11.4.8.1.3.3. Others
11.4.8.2. Rest of Europe Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
11.4.8.2.1. Pay Per Use Model
11.4.8.2.2. Subscription Model
11.5. Key Segment for Channeling Investments
11.5.1. By Country
11.5.2. By Vehicle Type
11.5.3. By Pricing Model
12. Asia Pacific Electric Vehicle Battery
Swapping Market Analysis and Forecasts, 2021 - 2029
12.1. Overview
12.1.1. Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn)
12.2. Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.2.1. 2-Wheelers
12.2.2. Passenger Vehicles
12.2.3. Commercial Vehicles
12.2.3.1. Buses
12.2.3.2. 3-Wheelers
12.2.3.3. Others
12.3. Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.3.1. Pay Per Use Model
12.3.2. Subscription Model
12.4. Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
12.4.1. China
12.4.1.1. China Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.1.1.1. 2-Wheelers
12.4.1.1.2. Passenger Vehicles
12.4.1.1.3. Commercial Vehicles
12.4.1.1.3.1. Buses
12.4.1.1.3.2. 3-Wheelers
12.4.1.1.3.3. Others
12.4.1.2. China Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.1.2.1. Pay Per Use Model
12.4.1.2.2. Subscription Model
12.4.2. Japan
12.4.2.1. Japan Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.2.1.1. 2-Wheelers
12.4.2.1.2. Passenger Vehicles
12.4.2.1.3. Commercial Vehicles
12.4.2.1.3.1. Buses
12.4.2.1.3.2. 3-Wheelers
12.4.2.1.3.3. Others
12.4.2.2. Japan Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.2.2.1. Pay Per Use Model
12.4.2.2.2. Subscription Model
12.4.3. India
12.4.3.1. India Electric Vehicle Battery Swapping Market
Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.3.1.1. 2-Wheelers
12.4.3.1.2. Passenger Vehicles
12.4.3.1.3. Commercial Vehicles
12.4.3.1.3.1. Buses
12.4.3.1.3.2. 3-Wheelers
12.4.3.1.3.3. Others
12.4.3.2. India Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.3.2.1. Pay Per Use Model
12.4.3.2.2. Subscription Model
12.4.4. New Zealand
12.4.4.1. New Zealand Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.4.1.1. 2-Wheelers
12.4.4.1.2. Passenger Vehicles
12.4.4.1.3. Commercial Vehicles
12.4.4.1.3.1. Buses
12.4.4.1.3.2. 3-Wheelers
12.4.4.1.3.3. Others
12.4.4.2. New Zealand Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.4.2.1. Pay Per Use Model
12.4.4.2.2. Subscription Model
12.4.5. Australia
12.4.5.1. Australia Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.5.1.1. 2-Wheelers
12.4.5.1.2. Passenger Vehicles
12.4.5.1.3. Commercial Vehicles
12.4.5.1.3.1. Buses
12.4.5.1.3.2. 3-Wheelers
12.4.5.1.3.3. Others
12.4.5.2. Australia Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.5.2.1. Pay Per Use Model
12.4.5.2.2. Subscription Model
12.4.6. South Korea
12.4.6.1. South Korea Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.6.1.1. 2-Wheelers
12.4.6.1.2. Passenger Vehicles
12.4.6.1.3. Commercial Vehicles
12.4.6.1.3.1. Buses
12.4.6.1.3.2. 3-Wheelers
12.4.6.1.3.3. Others
12.4.6.2. South Korea Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.6.2.1. Pay Per Use Model
12.4.6.2.2. Subscription Model
12.4.7. Southeast Asia
12.4.7.1. Southeast Asia Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.7.1.1. 2-Wheelers
12.4.7.1.2. Passenger Vehicles
12.4.7.1.3. Commercial Vehicles
12.4.7.1.3.1. Buses
12.4.7.1.3.2. 3-Wheelers
12.4.7.1.3.3. Others
12.4.7.2. Southeast Asia Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.7.2.1. Pay Per Use Model
12.4.7.2.2. Subscription Model
12.4.7.3. Southeast Asia Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
12.4.7.3.1. Indonesia
12.4.7.3.2. Thailand
12.4.7.3.3. Malaysia
12.4.7.3.4. Singapore
12.4.7.3.5. Rest of Southeast Asia
12.4.8. Rest of Asia Pacific
12.4.8.1. Rest of Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
12.4.8.1.1. 2-Wheelers
12.4.8.1.2. Passenger Vehicles
12.4.8.1.3. Commercial Vehicles
12.4.8.1.3.1. Buses
12.4.8.1.3.2. 3-Wheelers
12.4.8.1.3.3. Others
12.4.8.2. Rest of Asia Pacific Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
12.4.8.2.1. Pay Per Use Model
12.4.8.2.2. Subscription Model
12.5. Key Segment for Channeling Investments
12.5.1. By Country
12.5.2. By Vehicle Type
12.5.3. By Pricing Model
13. Middle East and Africa Electric Vehicle
Battery Swapping Market Analysis and Forecasts, 2021 - 2029
13.1. Overview
13.1.1. Middle East and Africa Electric Vehicle
Battery Swapping Market Revenue (US$ Mn)
13.2. Middle East and Africa Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.2.1. 2-Wheelers
13.2.2. Passenger Vehicles
13.2.3. Commercial Vehicles
13.2.3.1. Buses
13.2.3.2. 3-Wheelers
13.2.3.3. Others
13.3. Middle East and Africa Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
13.3.1. Pay Per Use Model
13.3.2. Subscription Model
13.4. Middle East and Africa Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Country
13.4.1. Saudi Arabia
13.4.1.1. Saudi Arabia Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.1.1.1. 2-Wheelers
13.4.1.1.2. Passenger Vehicles
13.4.1.1.3. Commercial Vehicles
13.4.1.1.3.1. Buses
13.4.1.1.3.2. 3-Wheelers
13.4.1.1.3.3. Others
13.4.1.2. Saudi Arabia Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
13.4.1.2.1. Pay Per Use Model
13.4.1.2.2. Subscription Model
13.4.2. UAE
13.4.2.1. UAE Electric Vehicle Battery Swapping Market
Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.2.1.1. 2-Wheelers
13.4.2.1.2. Passenger Vehicles
13.4.2.1.3. Commercial Vehicles
13.4.2.1.3.1. Buses
13.4.2.1.3.2. 3-Wheelers
13.4.2.1.3.3. Others
13.4.2.2. UAE Electric Vehicle Battery Swapping Market
Revenue (US$ Mn) and Forecasts, By Pricing Model
13.4.2.2.1. Pay Per Use Model
13.4.2.2.2. Subscription Model
13.4.3. Egypt
13.4.3.1. Egypt Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.3.1.1. 2-Wheelers
13.4.3.1.2. Passenger Vehicles
13.4.3.1.3. Commercial Vehicles
13.4.3.1.3.1. Buses
13.4.3.1.3.2. 3-Wheelers
13.4.3.1.3.3. Others
13.4.3.2. Egypt Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
13.4.3.2.1. Pay Per Use Model
13.4.3.2.2. Subscription Model
13.4.4. Kuwait
13.4.4.1. Kuwait Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.4.1.1. 2-Wheelers
13.4.4.1.2. Passenger Vehicles
13.4.4.1.3. Commercial Vehicles
13.4.4.1.3.1. Buses
13.4.4.1.3.2. 3-Wheelers
13.4.4.1.3.3. Others
13.4.4.2. Kuwait Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
13.4.4.2.1. Pay Per Use Model
13.4.4.2.2. Subscription Model
13.4.5. South Africa
13.4.5.1. South Africa Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.5.1.1. 2-Wheelers
13.4.5.1.2. Passenger Vehicles
13.4.5.1.3. Commercial Vehicles
13.4.5.1.3.1. Buses
13.4.5.1.3.2. 3-Wheelers
13.4.5.1.3.3. Others
13.4.5.2. South Africa Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
13.4.5.2.1. Pay Per Use Model
13.4.5.2.2. Subscription Model
13.4.6. Rest of Middle East & Africa
13.4.6.1. Rest of Middle East & Africa Electric
Vehicle Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
13.4.6.1.1. 2-Wheelers
13.4.6.1.2. Passenger Vehicles
13.4.6.1.3. Commercial Vehicles
13.4.6.1.3.1. Buses
13.4.6.1.3.2. 3-Wheelers
13.4.6.1.3.3. Others
13.4.6.2. Rest of Middle East & Africa Electric
Vehicle Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing
Model
13.4.6.2.1. Pay Per Use Model
13.4.6.2.2. Subscription Model
13.5. Key Segment for Channeling Investments
13.5.1. By Country
13.5.2. By Vehicle Type
13.5.3. By Pricing Model
14. Latin America Electric Vehicle Battery
Swapping Market Analysis and Forecasts, 2021 - 2029
14.1. Overview
14.1.1. Latin America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn)
14.2. Latin America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
14.2.1. 2-Wheelers
14.2.2. Passenger Vehicles
14.2.3. Commercial Vehicles
14.2.3.1. Buses
14.2.3.2. 3-Wheelers
14.2.3.3. Others
14.3. Latin America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
14.3.1. Pay Per Use Model
14.3.2. Subscription Model
14.4. Latin America Electric Vehicle Battery
Swapping Market Revenue (US$ Mn) and Forecasts, By Country
14.4.1. Brazil
14.4.1.1. Brazil Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
14.4.1.1.1. 2-Wheelers
14.4.1.1.2. Passenger Vehicles
14.4.1.1.3. Commercial Vehicles
14.4.1.1.3.1. Buses
14.4.1.1.3.2. 3-Wheelers
14.4.1.1.3.3. Others
14.4.1.2. Brazil Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
14.4.1.2.1. Pay Per Use Model
14.4.1.2.2. Subscription Model
14.4.2. Argentina
14.4.2.1. Argentina Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
14.4.2.1.1. 2-Wheelers
14.4.2.1.2. Passenger Vehicles
14.4.2.1.3. Commercial Vehicles
14.4.2.1.3.1. Buses
14.4.2.1.3.2. 3-Wheelers
14.4.2.1.3.3. Others
14.4.2.2. Argentina Electric Vehicle Battery Swapping
Market Revenue (US$ Mn) and Forecasts, By Pricing Model
14.4.2.2.1. Pay Per Use Model
14.4.2.2.2. Subscription Model
14.4.3. Rest of Latin America
14.4.3.1. Rest of Latin America Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Vehicle Type
14.4.3.1.1. 2-Wheelers
14.4.3.1.2. Passenger Vehicles
14.4.3.1.3. Commercial Vehicles
14.4.3.1.3.1. Buses
14.4.3.1.3.2. 3-Wheelers
14.4.3.1.3.3. Others
14.4.3.2. Rest of Latin America Electric Vehicle
Battery Swapping Market Revenue (US$ Mn) and Forecasts, By Pricing Model
14.4.3.2.1. Pay Per Use Model
14.4.3.2.2. Subscription Model
14.5. Key Segment for Channeling Investments
14.5.1. By Country
14.5.2. By Vehicle Type
14.5.3. By Pricing Model
15. Competitive Benchmarking
15.1. Market Share Analysis, 2020
15.2. Global Presence and Growth Strategies
15.2.1. Mergers and Acquisitions
15.2.2. Product Launches
15.2.3. Investments Trends
15.2.4. R&D Initiatives
16. Player Profiles
16.1. Ample
16.1.1. Company Details
16.1.2. Company Overview
16.1.3. Product Offerings
16.1.4. Key Developments
16.1.5. Financial Analysis
16.1.6. SWOT Analysis
16.1.7. Business Strategies
16.2. Esmito Solutions Pvt Ltd.
16.2.1. Company Details
16.2.2. Company Overview
16.2.3. Product Offerings
16.2.4. Key Developments
16.2.5. Financial Analysis
16.2.6. SWOT Analysis
16.2.7. Business Strategies
16.3. EVI Technologies Pvt Ltd.
16.3.1. Company Details
16.3.2. Company Overview
16.3.3. Product Offerings
16.3.4. Key Developments
16.3.5. Financial Analysis
16.3.6. SWOT Analysis
16.3.7. Business Strategies
16.4. Gogoro
16.4.1. Company Details
16.4.2. Company Overview
16.4.3. Product Offerings
16.4.4. Key Developments
16.4.5. Financial Analysis
16.4.6. SWOT Analysis
16.4.7. Business Strategies
16.5. Honda Motor Co., Ltd
16.5.1. Company Details
16.5.2. Company Overview
16.5.3. Product Offerings
16.5.4. Key Developments
16.5.5. Financial Analysis
16.5.6. SWOT Analysis
16.5.7. Business Strategies
16.6. Lithion Power Private Limited
16.6.1. Company Details
16.6.2. Company Overview
16.6.3. Product Offerings
16.6.4. Key Developments
16.6.5. Financial Analysis
16.6.6. SWOT Analysis
16.6.7. Business Strategies
16.7. NIO
16.7.1. Company Details
16.7.2. Company Overview
16.7.3. Product Offerings
16.7.4. Key Developments
16.7.5. Financial Analysis
16.7.6. SWOT Analysis
16.7.7. Business Strategies
16.8. Oyika
16.8.1. Company Details
16.8.2. Company Overview
16.8.3. Product Offerings
16.8.4. Key Developments
16.8.5. Financial Analysis
16.8.6. SWOT Analysis
16.8.7. Business Strategies
16.9. SUN Mobility
16.9.1. Company Details
16.9.2. Company Overview
16.9.3. Product Offerings
16.9.4. Key Developments
16.9.5. Financial Analysis
16.9.6. SWOT Analysis
16.9.7. Business Strategies
16.10. Upgrid Solutions Private Limited
16.10.1. Company Details
16.10.2. Company Overview
16.10.3. Product Offerings
16.10.4. Key Developments
16.10.5. Financial Analysis
16.10.6. SWOT Analysis
16.10.7. Business Strategies
16.11. Other Market Participants
17. Key Findings
At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.
Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.
Prominent participants in our primary research process include:
- Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
- Research and development participants, distributors/suppliers and subject matter experts
Secondary Research includes data extracted from paid data sources:
- Reuters
- Factiva
- Bloomberg
- One Source
- Hoovers
Research Methodology
Key Inclusions
