1 / 5

EV Battery Swapping Market Growth and Demand Analysis

Battery swapping significantly reduces the battery charging wait time of the electric vehicles (EVs) and are thus, being increasingly preferred by the users across the world. The wapping of batteries of an electric vehicle lowers the wait time of charging from at least 1.5 to 2 hours (time required for charging in the battery charging stations) to under three minutes (the time taken for battery swapping). In addition to this, the improving battery life of electric vehicles is further boosting the popularity of battery swapping all over the world.

psmarketresearch2017
Download Presentation

EV Battery Swapping Market Growth and Demand Analysis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EV Battery Swapping Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  2. Battery swapping for electric vehicles (EVs) is a process that allows an EV's exhausted battery or battery pack to be instantly exchanged for a fully charged one, removing the need to wait for the vehicle's battery to recharge. With each battery switch taking below 10 minutes and requiring significantly less installation area than charging stations, battery swapping stations provide a more expedient solution to the problem of range anxiety. The global electric vehicle battery swapping market will grow with a robust CAGR in the coming years. The growing pollution levels in many nations are contributing to the popularity of electric vehicles. Additionally, the broad adoption of EVs depends on the availability of adequate charging infrastructure. Why EV Battery Swapping Stations Are in Demand? The worry about EVs' short range is lessened by the accessibility of such infrastructure. As it does away with the necessity for slow-charging facilities, battery swapping technology is a practical solution for powering automobiles in this regard. As EVs become more popular over time, their efficiency and environmental friendliness have improved. Additionally, increasing customer demand for vehicles with the highest fuel economy and lowest operating costs has resulted in constant technological breakthroughs in EVs. With the advent of swappable batteries, the driver may switch out a drained battery for a charged one at a special swap station. This finally propels the EV sector toward profitability by significantly increasing the vehicle's uptime and lowering operating expenses. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/ev-battery- swapping-market/report-sample Additionally, some of the elements influencing the situation favorably include the growth of the EV charging infrastructure, which is supported by the deployment goals for charging and battery swapping stations, the adoption of laws, and the supply of financial help. In essence, the growing number of EV sales is fueling a need for EV battery swapping stations, drawing significant investment. Aside from that, it is anticipated that declining battery costs and advancing technology would make it possible for manufacturers to sell EVs at competitive prices, boosting the need for battery swapping solutions. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  3. Reduced Time for Electric Vehicle Charging The growing need for rapid EV charging is the main reason behind the growth of the EV battery swapping industry. The acceptance of EVs, especially in long-haul applications, depends heavily on the charging time. The majority of EVs employ slow charge systems, which can take approximately eight hours to recharge the battery at night. The battery changing procedure drastically cuts the battery charging time to under 3 minutes, extending the EV's operational range. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=ev-battery-swapping-market Which Regional Will Experience High EV Battery Swapping Demand? In the coming years, the worldwide EV battery swapping market is predicted to advance at the highest CAGR in APAC. The industry expansion in APAC is being driven by government initiatives to encourage the use of EVs as well as a growing trend in R&D to advance the technologies already in use. China and India are expected to be important investment locations for battery firms in the next years as a consequence of the government's backing for the manufacturing industry. The APAC region contains multiple emerging economies with enormous natural and people resources. The research offers market size of the global EV battery swapping market for the period 2015– 2030. Market Segmentation by Vehicle Type Two-Wheeler Three-Wheeler Passenger Vehicle Commercial Vehicle Market Segmentation by Service Type Pay-per-Use Subscription Market Segmentation by Region North America EV Battery Swapping Market • • • • • • • oBy vehicle type oBy service type oBy country – U.S. and Canada 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  4. Europe EV Battery Swapping Market • oBy vehicle type oBy service type oBy country – Germany, France, U.K., Italy, Spain, and Rest of Europe Asia-Pacific (APAC) EV Battery Swapping Market • oBy vehicle type oBy service type oBy country – Japan, China, India, Australia, South Korea, and Rest of APAC Latin America (LATAM) EV Battery Swapping Market • oBy vehicle type oBy service type oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) EV Battery Swapping Market • oBy vehicle type oBy service type oBy country – Saudi Arabia, South Africa, and Rest of MEA Market Segment Analysis of Countries Further breakdown of 16 listed countries will be provided as per below segmentation: • oBy vehicle type oBy service type 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

More Related