DUBLIN, November 26, 2021 / PRNewswire / – The report, “Electric Vehicle Battery Swap Market by Service Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to ResearchAndMarkets.com offer.

Battery swap is a process in which a depleted electric vehicle battery is swapped for a fully charged battery at a battery swap station. These stations act as battery aggregators that provide the infrastructure where a number of batteries are kept charged and charged batteries are made available to electric vehicle drivers. Customers or drivers can simply replace dead batteries with fully charged batteries at these stations and they don’t have to wait long and can change batteries as often as they like. Customers can subscribe to monthly or annual battery swap plans or can adopt a pay-as-you-go model depending on their needs. Market players are also offering innovative solutions that use artificial intelligence, Internet of Things (IoT), GPS tracking and facial recognition to improve battery exchange services and customer experience.

By region, Asia Pacific currently dominates the market, followed by Europe, North America, and LAMEA. In Asia Pacific, China dominated the global electric vehicle battery exchange market in 2020, while the rest of Asia Pacific is expected to grow at a significant rate during the forecast period.

The market is segmented on the basis of type of service, type of vehicle, and region. By type of service, it is divided into subscription model and pay-as-you-go model. On the basis of the vehicle type, it is classified into two-wheeler, three-wheel passenger vehicle, three-wheel light utility vehicle, four-wheel light utility vehicle, bus and others. By region, the market is segmented into North America, Europe, Asia Pacific and LAMEA.

COVID impact analysis: The rapid spread of COVID-19 has had a significant impact on the global auto industry, with demand for new and older vehicles declining. The impact of current global economic conditions and market sentiment directly affects the activities of major players. While many challenges lie ahead, the coronavirus could accelerate some beneficial trends. For example, electrification is expected to increase in certain segments, such as two-wheeled (2W) and three-wheeled (3W) vehicles, and shared mobility may also increase, due to the growth of various use cases such as than last mile delivery. , carpooling and rentals. As they prepare for the future, a solid understanding of the changing landscape can help OEMs and other stakeholders update their strategies for the Electric Vehicle Battery Exchange market.

The major players operating in the global electric vehicle battery exchange market are:

• Amara Raja
• Amplify mobility
• ChargeMYGaadi
• EChargeUp solutions pvt Ltd
• Esmito Solutions Pvt Ltd
• Gogoro, Inc.
• Lithion Power Pvt Ltd
• NIO, Inc.
• Numocity
• Oyika Pte Ltd
• Panasonic India Pvt. Ltd.
• Engines of revolt
• SUN Mobility Pvt. Ltd.
• TATA power
• VoltUp

Main benefits for stakeholders

• This study presents an analytical description of the Electric Vehicle Battery Swap market along with current trends and future estimates to describe impending pockets of investment.
• The overall market potential is determined to understand profitable trends in order to enable stakeholders to gain further foothold in the market.
• The report presents information related to the main drivers, restraints and opportunities with a detailed impact analysis.
• The current market is analyzed quantitatively from 2020 to 2030 to highlight the financial competence of the market.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers.

Key market segments

By type of service

• Subscription model
• Pay-as-you-go model

By vehicle type

• Two wheels
• Three-wheeled passenger vehicle
• Three-wheeled light utility vehicle
• Four wheel light utility vehicle
• The buses
• Others

By region

• North America
• we
• Canada
• Mexico
• Europe
• UK
• Netherlands
• Germany
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Sri Lanka
• Bangladesh
• Rest of Asia Pacific
• LAMEA
• Colombia
• Peru
• Kenya
• Egypt
• Brazil
• Rest of LAMEA

Market dynamics

Conductors

• Increased demand for electric vehicles coupled with a lack of adequate public charging stations
• Reduced charging time for electric vehicles

Constraints

• Differentiation in battery technology and design
• High installation and operating costs of battery exchange stations

Opportunities

• The rapid emergence of shared electric mobility
• Introduction of innovative and advanced battery exchange models and services

For more information on this report, visit https://www.researchandmarkets.com/r/rhpgcg

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Research and markets
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SOURCE Research and Markets

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