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Report
Battery Swapping Market by Vehicle Type (2-wheeler, 3-wheeler, Passenger car, Commercial Vehicles), Operation (Manual, Operated), Service Type (Subscription, Pay-per-use), Application (Passenger, Commercial), & Region - Global Forecast to 2035
Market Report I 2025-03-10 I 249 Pages I MarketsandMarkets
The global battery swapping market is estimated to be USD 1.46 Billion in 2025 and is projected to reach USD 22.72 Billion by 2035, at a CAGR of 31.5% from 2025 to 2035. A key driving factor for the battery swapping market is the increasing partnerships and collaborations between automakers, battery manufacturers, and energy providers to create standardized and scalable swapping infrastructure. These collaborations help address challenges related to battery compatibility, high initial investment, and network expansion. Strategic alliances, such as joint ventures and technology-sharing agreements, enable companies to accelerate deployment, reduce costs, and enhance consumer adoption by ensuring widespread availability and seamless integration. For instance, in June 2024, ElectroRide (India) partners with Battery Smart (India) to establish 2500 battery swapping stations in five years. Additionally, partnerships with ride-hailing and fleet operators further drive demand, as battery swapping offers a quick and cost-effective solution for commercial EVs requiring minimal downtime.
"Automated operation will grow at higher CAGR during the forecast period."
Automated operation will grow at a higher CAGR during the forecast period in the battery swapping market due to increasing demand for fast, efficient, and contactless battery exchange solutions. Automated battery swapping stations significantly reduce vehicle downtime by enabling quick battery replacement without manual intervention, making them ideal for commercial fleets, and passenger cars. Additionally, advancements in robotics, AI-driven battery management systems, and smart grid integration are driving the adoption of fully automated swapping solutions. For instance, SUN Mobility and Veera Vahana showcased India's first modular battery swapping technology for Heavy Commercial Vehicles at Prawaas 4.0 held in August 2024. Government incentives and infrastructure investments in regions like China, India, and Europe further support this growth, ensuring scalability and cost-effectiveness compared to manually operated stations.
"Passenger car hold the significant market share in Battery swapping market."
Passenger car hold the significant market share in material extraction of Battery swapping market. OEMs are actively expanding their presence in the battery-swapping market for passenger cars through strategic collaborations, proprietary swapping networks, and technological advancements to enhance convenience and reduce vehicle downtime. Companies like NIO have pioneered the market with extensive battery-swapping stations across China and are expanding internationally, offering Battery-as-a-Service (BaaS) to lower the upfront cost of EVs. For instance, in May 2024, NIO signed a strategic cooperation agreement with GAC Group on battery swap business. The two parties will engage in comprehensive and multi-level strategic cooperation in various areas related to the battery swap industry, including battery standards, R&D and customization of battery-swappable vehicles, battery asset management and operation, and the construction and operation of battery swap service networks. Further, Geely, through its subsidiary E-Energee, is deploying swapping stations to support its battery-swappable EV models, while SAIC Motor is investing in modular battery designs to integrate swapping into its ecosystem. Honda has introduced its Mobile Power Pack for compact EVs and aims to scale its battery-swapping business globally, particularly in urban mobility solutions. Such development will boost the market growth in the forecast period.
"India hold the prominent market share in Asia Pacific battery swapping market."
India holds a prominent market share in the Asia Pacific battery swapping market, driven by the rapid adoption of electric two-wheelers and three-wheelers, government incentives, and the presence of key battery-swapping providers such as Sun Mobility, Battery Smart, Gogoro. In January 2025, The ministry of power has issued comprehensive guidelines to promote battery swapping and charging infrastructure for electric vehicles across the country. The initiative aims to establish a robust framework for battery swapping, enhancing the efficiency and convenience of EV operations and supporting India's transition to sustainable mobility. Companies like Sun Mobility have introduced interoperable battery-swapping networks, while startups such as Battery Smart have expanded their reach by collaborating with vehicle manufacturers and fleet operators to ensure widespread accessibility. For instance, in June 2024, ElectroRide, an electric vehicles retail chain in India, has announced a partnership with Battery Smart, India's battery swapping network for electric two and three-wheelers. This collaboration will begin with Battery Smart establishing 50 swap stations at ElectroRide locations in Delhi and Uttar Pradesh. Additionally, global players like Gogoro have entered the Indian market through partnerships, bringing advanced swapping technologies and scalable infrastructure. With increasing investments and a growing push towards electrification, India continues to dominate the battery-swapping ecosystem in Asia-Pacific, outpacing other regional markets in adoption and expansion.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Tier I - 35%, Tier II - 30%, and OEMs - 35%
- By Designation: C Level Executives - 45%, Directors - 35%, and Others - 20%
- By Region: Asia Pacific-52%, Europe-20%, North America-28%
The battery swapping market is dominated by major players such as Nio (China), Gogoro (Taiwan), Ample (US), Sun Mobility (India), Contemporary Amperex Technology Co., Limited. (China).
Research Coverage:
The Market Study Covers the Battery Swapping Market by Vehicle Type (Two-wheeler, Three-wheeler, Passenger car, Commercial Vehicles), Operation type (Manual, Operated), Service Type (Subscription, Pay-per-use), Application (Passenger, Commercial) & Region (Asia Pacific, Europe, and North America). It also covers the competitive landscape and company profiles of the major battery swapping market ecosystem players.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall battery Swapping market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Rise in investments in battery swapping infrastructure by OEMs, Battery swapping reduces the initial purchase cost of electric vehicles, Reduce charging time drive the battery swapping market, Increasing government initiative and investment towards battery swapping), restraints (Lack of standardization of batteries used in different vehicles, Limited vehicle compatibility impacting the market growth), opportunities (Introduction of innovative modular battery swapping solutions, Introduction of innovative and advanced battery swapping models and services), and challenges (Battery Ownership and Business Model Challenges, Battery Degradation & Lifecycle Management).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, in the battery swapping market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the battery swapping market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the battery swapping market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Nio (China), Gogoro (Taiwan), Ample (US), Sun Mobility (India), Contemporary Amperex Technology Co., Limited. (China) and among others in the battery swapping market Page 20 of 30 strategies. The report also helps stakeholders understand the pulse of the adjacent reports such Battery as a Service Market, and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 26
1.3.1 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 27
1.5 UNIT CONSIDERED 27
1.6 STAKEHOLDERS 28
1.7 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Secondary sources 32
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Primary interviews: Demand and supply sides 34
2.1.2.2 Breakdown of primary interviews 34
2.1.2.3 Primary participants 34
2.1.2.4 Objectives of primary research 35
2.2 MARKET SIZE ESTIMATION 35
2.2.1 BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 37
2.3 DATA TRIANGULATION 40
2.4 FACTOR ANALYSIS 42
2.5 RESEARCH ASSUMPTIONS 42
2.6 RESEARCH LIMITATIONS 43
2.7 RISK ASSESSMENT 44
3 EXECUTIVE SUMMARY 46
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY SWAPPING MARKET 50
4.2 BATTERY SWAPPING MARKET, BY REGION 51
4.3 BATTERY SWAPPING MARKET, BY OPERATION TYPE 51
4.4 BATTERY SWAPPING MARKET, BY APPLICATION 52
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4.5 BATTERY SWAPPING MARKET, BY VEHICLE TYPE 52
4.6 BATTERY SWAPPING MARKET, BY SERVICE TYPE 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 55
5.2.1 DRIVERS 55
5.2.1.1 Rise in investments in battery swapping infrastructure by OEMs 55
5.2.1.2 Lower initial purchase cost of electric vehicles due to
battery swapping 56
5.2.1.3 Reduced charging time 57
5.2.1.4 Increasing government initiatives and investments in
battery swapping 58
5.2.2 RESTRAINTS 58
5.2.2.1 Lack of standardization of batteries used in different vehicles 58
5.2.2.2 Limited vehicle compatibility 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Introduction of innovative modular battery swapping solutions 60
5.2.4 CHALLENGES 62
5.2.4.1 Battery ownership and business model challenges 62
5.2.4.2 Battery degradation & lifecycle management 62
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
5.4 PRICING ANALYSIS 63
5.4.1 AVERAGE SUBSCRIPTION COST OF KEY PLAYERS, BY VEHICLE TYPE, 2024 64
5.4.2 AVERAGE PAY-PER-USE COST BY KEY PLAYERS, BY VEHICLE TYPE, 2024 64
5.4.3 AVERAGE SUBSCRIPTION COST, BY REGION, 2024 64
5.4.4 AVERAGE PAY-PER-USE COST, BY REGION, 2024 65
5.5 ECOSYSTEM ANALYSIS 65
5.5.1 VEHICLE MANUFACTURERS (OEMS) 66
5.5.2 INFRASTRUCTURE PROVIDERS 66
5.5.3 COMPONENT PROVIDERS 67
5.5.4 BATTERY SWAPPING OPERATORS 67
5.6 IMPACT OF GENERATIVE AI 68
5.7 SUPPLY CHAIN ANALYSIS 68
5.8 CASE STUDY ANALYSIS 69
5.8.1 MAXWELL REVOLUTIONIZING EV ADOPTION WITH BATTERY SWAPPING 69
5.8.2 GOGORO'S BATTERY SWAPPING STRATEGY FOR INDIAN MARKET 70
5.8.3 AMPLE REVOLUTIONIZING EV BATTERY SWAPPING FOR FASTER
AND EFFICIENT CHARGING 70
5.9 TRADE ANALYSIS 71
5.9.1 IMPORT DATA, 2019-2023 71
5.9.2 EXPORT DATA, 2019-2023 72
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5.10 TOTAL COST OF OWNERSHIP ANALYSIS 74
5.10.1 COMPARATIVE ANALYSIS OF ULTRA-FAST CHARGING VS. BATTERY SWAPPING 74
5.10.2 TOTAL COST OF OWNERSHIP FOR BATTERY SWAPPING 75
5.10.3 COST ANALYSIS: INSTALLATION OF BATTERY SWAPPING STATION 76
5.10.3.1 Capital expenditure (CAPEX) 76
5.10.3.2 Operational expenditure (OPEX) 76
5.11 INSIGHTS ON BATTERY SWAPPING VALUE PROPOSITION 77
5.11.1 CUSTOMER VALUE PROPOSITION 77
5.11.2 OEM VALUE PROPOSITION 77
5.12 BATTERY SWAPPING STATION OWNERSHIP ANALYSIS 78
5.12.1 COMPANY OWN AND COMPANY OPERATED (COCO) 78
5.12.2 DEALER OWN AND COMPANY OPERATED (DOCO) 78
5.12.3 DEALER OWN AND DEALER OPERATED (DODO) 79
5.12.4 FRANCHISING 79
5.13 BATTERY SWAPPING STATION INFRASTRUCTURE BY KEY PLAYERS 80
5.13.1 GOGORO 80
5.13.2 NIO 80
5.13.3 SUN MOBILITY 81
5.13.4 AMPLE 82
5.14 OEM-WISE COMPARATIVE ANALYSIS OF TWO-WHEELERS 83
5.15 INVESTMENT AND FUNDING SCENARIO, 2022-2024 83
5.16 PATENT ANALYSIS 85
5.17 REGULATORY LANDSCAPE 88
5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATION 89
5.18 BATTERY SWAPPING MARKET: BUSINESS MODELS (2024) 92
5.18.1 INTRODUCTION 92
5.18.1.1 Energy-as-a-Service 92
5.18.1.2 Battery-as-a-Service 92
5.19 TECHNOLOGY ANALYSIS 93
5.19.1 KEY TECHNOLOGIES 93
5.19.1.1 Automated battery swapping stations 93
5.19.1.2 Modular battery packs 94
5.19.2 COMPLEMENTARY TECHNOLOGIES 94
5.19.2.1 Battery swapping cloud connect 94
5.19.2.2 Integration of IoT in battery swapping 95
5.19.2.3 Smart charging system 95
5.19.3 ADJACENT TECHNOLOGIES 96
5.19.3.1 Solid-state battery 96
5.20 KEY CONFERENCES AND EVENTS, 2025-2026 96
5.21 KEY STAKEHOLDERS AND BUYING CRITERIA 97
5.21.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
5.21.2 BUYING CRITERIA 98
6 BATTERY SWAPPING MARKET, BY VEHICLE TYPE 100
6.1 INTRODUCTION 101
6.2 TWO-WHEELER 103
6.2.1 COST-EFFICIENCY ADVANTAGE OF BATTERY-SWAPPABLE VEHICLES TO ACCELERATE MARKET GROWTH 103
6.3 THREE-WHEELER 104
6.3.1 GROWING ADOPTION OF ELECTRIC VEHICLES FOR LAST-MILE DELIVERY
AND PUBLIC TRANSPORTATION TO DRIVE MARKET 104
6.4 PASSENGER CAR 106
6.4.1 STANDARDIZATION OF BATTERY SIZES AND MODULAR BATTERY
DESIGNS TO DRIVE MARKET 106
6.5 COMMERCIAL VEHICLE 107
6.5.1 ADVANTAGE OF QUICK BATTERY REPLACEMENT TO DRIVE MARKET 107
6.6 KEY PRIMARY INSIGHTS 108
7 BATTERY SWAPPING MARKET, BY OPERATION TYPE 109
7.1 INTRODUCTION 110
7.2 AUTOMATED 112
7.2.1 EXPANSION OF BATTERY SWAPPING IN PASSENGER CARS AND
HEAVY-DUTY VEHICLES TO FUEL MARKET 112
7.3 MANUAL 114
7.3.1 RISING DEMAND FOR BATTERY SWAPPING IN ELECTRIC TWO-WHEELERS TO PROPEL MARKET 114
7.4 KEY PRIMARY INSIGHTS 116
8 BATTERY SWAPPING MARKET, BY SERVICE TYPE 117
8.1 INTRODUCTION 118
8.2 PAY-PER-USE 119
8.2.1 OEM PUSH FOR VEHICLES USING SWAPPABLE BATTERIES TO
INCREASE DEMAND 119
8.3 SUBSCRIPTION 120
8.3.1 MORE SUSTAINABLE AND COST-EFFECTIVE ALTERNATIVE TO
PAY-PER-USE SERVICES 120
8.4 KEY PRIMARY INSIGHTS 122
9 BATTERY SWAPPING MARKET, BY APPLICATION 123
9.1 INTRODUCTION 124
9.2 PASSENGER 125
9.2.1 RISING RIDE-HAILING, LAST-MILE MOBILITY, AND PUBLIC TRANSPORT SERVICES TO DRIVE MARKET 125
9.3 COMMERCIAL 126
9.3.1 INCREASING OPERATIONAL EFFICIENCY AND COST-EFFECTIVE FLEET MANAGEMENT TO DRIVE MARKET 126
9.4 KEY PRIMARY INSIGHTS 128
10 BATTERY SWAPPING MARKET, BY REGION 129
10.1 INTRODUCTION 130
10.2 ASIA PACIFIC 132
10.2.1 MACROECONOMIC OUTLOOK 132
10.2.2 CHINA 137
10.2.2.1 Rapid urban transportation network infrastructure expansion
to drive market 137
10.2.3 INDIA 139
10.2.3.1 Favorable initiatives and investments by battery swapping providers to drive market 139
10.2.4 SOUTH KOREA 140
10.2.4.1 Rising government initiatives to promote electric two-wheelers
to drive market 140
10.2.5 VIETNAM 142
10.2.5.1 OEM initiatives in battery swapping business to drive market 142
10.2.6 TAIWAN 143
10.2.6.1 Increasing adoption of electric two-wheelers to drive market 143
10.2.7 INDONESIA 144
10.2.7.1 Government initiatives for electric vehicle ecosystem
development to drive market 144
10.2.8 JAPAN 146
10.2.8.1 Development of standardized swappable battery solutions to
drive market 146
10.2.9 THAILAND 147
10.2.9.1 Partnerships between local and international firms to expand network of swapping stations 147
10.3 EUROPE 148
10.3.1 MACROECONOMIC OUTLOOK 148
10.3.2 GERMANY 153
10.3.2.1 Advancements in automation and AI-driven battery swapping stations to drive market 153
10.3.3 NETHERLANDS 155
10.3.3.1 Expansion of battery swapping stations by key players to drive market 155
10.3.4 UK 156
10.3.4.1 Investment in ultra-low emission vehicles to boost market 156
10.3.5 FRANCE 157
10.3.5.1 Government strategies to promote EVs to drive market 157
10.4 NORTH AMERICA 159
10.4.1 MACROECONOMIC OUTLOOK 159
10.4.2 US 163
10.4.2.1 Investment in battery swapping by startups to drive market 163
10.4.3 CANADA 165
10.4.3.1 Increasing development in EV infrastructure to boost market 165
11 COMPETITIVE LANDSCAPE 167
11.1 INTRODUCTION 167
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2025 167
11.3 MARKET SHARE ANALYSIS, 2024 169
11.3.1 NIO 170
11.3.2 GOGORO 171
11.3.3 AMPLE 171
11.3.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED. 171
11.3.5 SUN MOBILITY 171
11.4 REVENUE ANALYSIS, 2019-2023 172
11.5 COMPANY VALUATION AND FINANCIAL METRICS 172
11.6 BRAND/PRODUCT COMPARISON 174
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 175
11.7.1 STARS 175
11.7.2 EMERGING LEADERS 175
11.7.3 PERVASIVE PLAYERS 175
11.7.4 PARTICIPANTS 175
11.7.5 COMPANY FOOTPRINT 177
11.7.5.1 Company footprint 177
11.7.5.2 Vehicle type footprint 178
11.7.5.3 Operation type footprint 178
11.7.5.4 Service type footprint 179
11.7.5.5 Application footprint 180
11.7.5.6 Region footprint 180
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 181
11.8.1 PROGRESSIVE COMPANIES 181
11.8.2 RESPONSIVE COMPANIES 181
11.8.3 DYNAMIC COMPANIES 181
11.8.4 STARTING BLOCKS 181
11.8.5 COMPETITIVE BENCHMARKING 183
11.8.5.1 List of startups/SMEs 183
11.8.5.2 Competitive benchmarking of startups/SMEs 183
11.9 COMPETITIVE SCENARIO 184
11.9.1 DEALS 184
11.9.2 EXPANSIONS 185
11.9.3 OTHERS 186
12 COMPANY PROFILES 187
12.1 KEY PLAYERS 187
12.1.1 NIO 187
12.1.1.1 Business overview 187
12.1.1.2 Number of swapping stations 188
12.1.1.3 Products/Solutions/Services offered 188
12.1.1.4 Recent developments 189
12.1.1.4.1 Service launches/developments 189
12.1.1.4.2 Deals 189
12.1.1.4.3 Expansions 190
12.1.1.4.4 Others 191
12.1.1.5 Insights on third- vs. fourth-gen battery swapping stations 191
12.1.1.6 MnM view 192
12.1.1.6.1 Key strengths 192
12.1.1.6.2 Strategic choices 192
12.1.1.6.3 Weaknesses and competitive threats 193
12.1.2 GOGORO 194
12.1.2.1 Business overview 194
12.1.2.2 Number of swapping stations 195
12.1.2.3 Products/Solutions/Services offered 195
12.1.2.4 Recent developments 196
12.1.2.4.1 Deals 196
12.1.2.4.2 Expansions 197
12.1.2.5 Insights on solid-state swappable batteries 198
12.1.2.6 MnM view 198
12.1.2.6.1 Key strengths 198
12.1.2.6.2 Strategic choices 198
12.1.2.6.3 Weaknesses and competitive threats 198
12.1.3 AMPLE 199
12.1.3.1 Business overview 199
12.1.3.2 Products/Solutions/Services offered 200
12.1.3.3 Recent developments 200
12.1.3.3.1 Deals 200
12.1.3.4 Insights on modular battery swapping 200
12.1.3.5 MnM view 201
12.1.3.5.1 Key strengths 201
12.1.3.5.2 Strategic choices 201
12.1.3.5.3 Weaknesses and competitive threats 201
12.1.4 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED. 202
12.1.4.1 Business overview 202
12.1.4.2 Products/Solutions/Services offered 203
12.1.4.3 Recent developments 203
12.1.4.3.1 Service launches/developments 203
12.1.4.3.2 Deals 204
12.1.4.3.3 Expansions 205
12.1.4.4 Insights on Choco-Swap ecosystem and its target 205
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12.1.4.5 MnM view 206
12.1.4.5.1 Key strengths 206
12.1.4.5.2 Strategic choices 206
12.1.4.5.3 Weaknesses and competitive threats 206
12.1.5 SUN MOBILITY 207
12.1.5.1 Business overview 207
12.1.5.2 Number of swapping stations 208
12.1.5.3 Products/Solutions/Services offered 208
12.1.5.4 Recent developments 208
12.1.5.4.1 Service launches/developments 208
12.1.5.4.2 Deals 209
12.1.5.5 Insights on Quick Interchange Station 210
12.1.5.6 MnM view 211
12.1.5.6.1 Key strengths 211
12.1.5.6.2 Strategic choices 212
12.1.5.6.3 Weaknesses and competitive threats 212
12.1.6 RACE ENERGY LTD. 213
12.1.6.1 Business overview 213
12.1.6.2 Products/Solutions/Services offered 213
12.1.6.3 Recent developments 214
12.1.6.3.1 Deals 214
12.1.7 ESMITO SOLUTIONS PVT LTD 215
12.1.7.1 Business overview 215
12.1.7.2 Products/Solutions/Services offered 215
12.1.7.3 Recent developments 215
12.1.7.3.1 Deals 215
12.1.8 KWANG YANG MOTOR CO., LTD. 216
12.1.8.1 Business overview 216
12.1.8.2 Products/Solutions/Services offered 216
12.1.8.3 Recent developments 217
12.1.8.3.1 Deals 217
12.1.9 E-CHARGEUP SOLUTIONS PVT LTD. 218
12.1.9.1 Business overview 218
12.1.9.2 Products/Solutions/Services offered 218
12.1.9.3 Recent developments 219
12.1.9.3.1 Deals 219
12.1.10 AMPUP ENERGY PRIVATE LIMITED 220
12.1.10.1 Business overview 220
12.1.10.2 Products/Solutions/Services offered 220
12.1.10.3 Recent developments 221
12.1.10.3.1 Deals 221
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12.1.11 BATTERY SMART 222
12.1.11.1 Business overview 222
12.1.11.2 Products/Solutions/Services offered 222
12.1.11.3 Recent developments 223
12.1.11.3.1 Deals 223
12.1.12 IMMOTOR 224
12.1.12.1 Business overview 224
12.1.12.2 Products/Solutions/Services offered 224
12.1.12.3 Recent developments 225
12.1.12.3.1 Others 225
12.1.13 TUAL TECHNOLOGY LTD. 226
12.1.13.1 Business overview 226
12.1.13.2 Products/Solutions/Services offered 226
12.1.13.3 Recent developments 227
12.1.13.3.1 Service launches/developments 227
12.1.13.3.2 Others 227
12.1.14 QIYUAN GREEN POWER 228
12.1.14.1 Business overview 228
12.1.14.2 Products/Solutions/Services offered 228
12.1.14.3 Recent developments 229
12.1.14.3.1 Deals 229
12.2 OTHER PLAYERS 230
12.2.1 NUMOCITY 230
12.2.2 BATTSWAP 231
12.2.3 BATTERYPOOL 232
12.2.4 OKAYA EV PVT. LTD. 232
12.2.5 AMARA RAJA ENERGY & MOBILITY LIMITED. 233
12.2.6 KOOROO 234
12.2.7 SWAP ENERGI INDONESIA 234
12.2.8 BLUESHARK ASEAN 235
12.2.9 SHELL 235
12.2.10 JANUS ELECTRIC 236
12.2.11 SWOBBEE 237
12.2.12 E-HAUL GMBH 237
12.2.13 CONTIGO MOBILITY 238
13 RECOMMENDATIONS BY MARKETSANDMARKETS 239
13.1 CHINA, TAIWAN, VIETNAM, AND INDIA TO EMERGE AS KEY MARKETS
FOR BATTERY SWAPPING 239
13.2 TECHNOLOGICAL INNOVATIONS TO ACCELERATE BATTERY
SWAPPING MARKET GROWTH 240
13.3 BATTERY-AS-A-SERVICE 240
13.4 CONCLUSION 240
14 APPENDIX 241
14.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 241
14.2 DISCUSSION GUIDE 242
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 245
14.4 CUSTOMIZATION OPTIONS 247
14.4.1 BATTERY SWAPPING MARKET, BY OPERATION TYPE AT COUNTRY LEVEL 247
14.4.2 BATTERY SWAPPING MARKET, BY SERVICE TYPE AT COUNTRY LEVEL 247
14.4.3 COMPANY PROFILES 247
14.4.3.1 Profiling of additional market players (Up to 3) 247
14.5 RELATED REPORTS 247
14.6 AUTHOR DETAILS 248
TABLE 1 BATTERY SWAPPING MARKET DEFINITION, BY SERVICE TYPE 24
TABLE 2 BATTERY SWAPPING MARKET DEFINITION, BY VEHICLE TYPE 24
TABLE 3 BATTERY SWAPPING MARKET DEFINITION, BY OPERATION TYPE 25
TABLE 4 BATTERY SWAPPING MARKET DEFINITION, BY APPLICATION 25
TABLE 5 INCLUSIONS AND EXCLUSIONS 26
TABLE 6 USD EXCHANGE RATES, 2019-2024 27
TABLE 7 INVESTMENTS BY KEY OEMS, 2024-2025 56
TABLE 8 COMPARISON OF TRADITIONAL ELECTRIC VEHICLE OWNERSHIP VS.
BATTERY SWAPPING MODEL 57
TABLE 9 COMPARISON OF ELECTRIC VEHICLE CHARGING TIME AND BATTERY
SWAPPING TIME ACROSS DIFFERENT SCENARIOS 57
TABLE 10 KEY ELECTRIC VEHICLE BATTERY STANDARDIZATION PARAMETERS
RELEVANT TO BATTERY SWAPPING 59
TABLE 11 VEHICLE MODELS WITH SWAPPABLE BATTERIES 60
TABLE 12 BATTERY SWAPPING MARKET: IMPACT OF MARKET DYNAMICS 62
TABLE 13 AVERAGE SUBSCRIPTION COST BY KEY PLAYERS FOR VEHICLE TYPES, 2024 64
TABLE 14 AVERAGE PAY-PER-USE COST BY KEY PLAYERS FOR VEHICLE TYPES, 2024 64
TABLE 15 AVERAGE SUBSCRIPTION COST, BY REGION, 2024 (USD) 64
TABLE 16 AVERAGE PAY-PER-USE COST, BY REGION, 2024 (USD) 65
TABLE 17 BATTERY SWAPPING MARKET: ROLE OF COMPANIES IN ECOSYSTEM 67
TABLE 18 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 71
TABLE 19 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 73
TABLE 20 COMPARATIVE ANALYSIS OF ULTRA-FAST CHARGING VS. BATTERY SWAPPING 74
TABLE 21 TOTAL COST OF OWNERSHIP FOR BATTERY SWAPPING 75
TABLE 22 CAPITAL EXPENDITURE (CAPEX) 76
TABLE 23 OPERATIONAL EXPENDITURE (OPEX) 76
TABLE 24 CUSTOMER VALUE PROPOSITION 77
TABLE 25 OEM VALUE PROPOSITION 77
TABLE 26 BATTERY SWAPPING: CLASSIFICATION BY OWNERSHIP AND OPERATIONS 79
TABLE 27 FUNDRAISING BY KEY OEMS, 2023-2024 84
TABLE 28 BATTERY SWAPPING MARKET: PATENT ANALYSIS 86
TABLE 29 BATTERY SWAPPING REGULATIONS AND INITIATIVES 89
TABLE 30 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 31 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 32 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 91
TABLE 33 BATTERY SWAPPING MARKET: KEY CONFERENCES AND EVENTS, 2025-2026 96
TABLE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 98
TABLE 35 KEY BUYING CRITERIA, BY APPLICATION 99
TABLE 36 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2021-2024 (THOUSAND UNITS) 102
TABLE 37 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2025-2030 (THOUSAND UNITS) 102
TABLE 38 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2031-2035 (THOUSAND UNITS) 102
TABLE 39 TWO-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2021-2024 (UNITS) 103
TABLE 40 TWO-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2025-2030 (UNITS) 103
TABLE 41 TWO-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2031-2035 (UNITS) 104
TABLE 42 THREE-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2021-2024 (UNITS) 105
TABLE 43 THREE-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2025-2030 (UNITS) 105
TABLE 44 THREE-WHEELER: BATTERY SWAPPING MARKET, BY REGION, 2031-2035 (UNITS) 105
TABLE 45 PASSENGER CAR: BATTERY SWAPPING MARKET, BY REGION, 2021-2024 (UNITS) 106
TABLE 46 PASSENGER CAR: BATTERY SWAPPING MARKET, BY REGION, 2025-2030 (UNITS) 106
TABLE 47 PASSENGER CAR: BATTERY SWAPPING MARKET, BY REGION, 2031-2035 (UNITS) 107
TABLE 48 COMMERCIAL VEHICLE: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (UNITS) 107
TABLE 49 COMMERCIAL VEHICLE: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (UNITS) 107
TABLE 50 COMMERCIAL VEHICLE: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (UNITS) 108
TABLE 51 BATTERY SWAPPING MARKET, BY OPERATION TYPE, 2021-2024 (USD MILLION) 111
TABLE 52 BATTERY SWAPPING MARKET, BY OPERATION TYPE, 2025-2030 (USD MILLION) 111
TABLE 53 BATTERY SWAPPING MARKET, BY OPERATION TYPE, 2031-2035 (USD MILLION) 111
TABLE 54 MAJOR PLAYERS IN BATTERY SWAPPING MARKET, BY OPERATION TYPE 112
TABLE 55 AUTOMATED: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (USD MILLION) 113
TABLE 56 AUTOMATED: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (USD MILLION) 113
TABLE 57 AUTOMATED: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (USD MILLION) 114
TABLE 58 MANUAL: BATTERY SWAPPING MARKET, BY REGION, 2021-2024 (USD MILLION) 115
TABLE 59 MANUAL: BATTERY SWAPPING MARKET, BY REGION, 2025-2030 (USD MILLION) 115
TABLE 60 MANUAL: BATTERY SWAPPING MARKET, BY REGION, 2031-2035 (USD MILLION) 115
TABLE 61 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2021-2024 (USD MILLION) 118
TABLE 62 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2025-2030 (USD MILLION) 119
TABLE 63 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2031-2035 (USD MILLION) 119
TABLE 64 PAY-PER-USE: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (USD MILLION) 119
TABLE 65 PAY-PER-USE: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (USD MILLION) 120
TABLE 66 PAY-PER-USE: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (USD MILLION) 120
TABLE 67 SUBSCRIPTION: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (USD MILLION) 121
TABLE 68 SUBSCRIPTION: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (USD MILLION) 121
TABLE 69 SUBSCRIPTION: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (USD MILLION) 121
TABLE 70 BATTERY SWAPPING MARKET, BY APPLICATION, 2021-2024 (USD MILLION) 124
TABLE 71 BATTERY SWAPPING MARKET, BY APPLICATION, 2025-2030 (USD MILLION) 124
TABLE 72 BATTERY SWAPPING MARKET, BY APPLICATION, 2031-2035 (USD MILLION) 125
TABLE 73 PASSENGER: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (USD MILLION) 125
TABLE 74 PASSENGER: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (USD MILLION) 126
TABLE 75 PASSENGER: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (USD MILLION) 126
TABLE 76 COMMERCIAL: BATTERY SWAPPING MARKET, BY REGION,
2021-2024 (USD MILLION) 127
TABLE 77 COMMERCIAL: BATTERY SWAPPING MARKET, BY REGION,
2025-2030 (USD MILLION) 127
TABLE 78 COMMERCIAL: BATTERY SWAPPING MARKET, BY REGION,
2031-2035 (USD MILLION) 127
TABLE 79 BATTERY SWAPPING MARKET, BY REGION, 2021-2024 (USD MILLION) 131
TABLE 80 BATTERY SWAPPING MARKET, BY REGION, 2025-2030 (USD MILLION) 131
TABLE 81 BATTERY SWAPPING MARKET, BY REGION, 2031-2035 (USD MILLION) 131
TABLE 82 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 135
TABLE 83 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 136
TABLE 84 ASIA PACIFIC: BATTERY SWAPPING MARKET, BY COUNTRY,
2031-2035 (USD MILLION) 136
TABLE 85 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 138
TABLE 86 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 138
TABLE 87 CHINA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 138
TABLE 88 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 139
TABLE 89 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 139
TABLE 90 INDIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 140
TABLE 91 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 141
TABLE 92 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 141
TABLE 93 SOUTH KOREA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 141
TABLE 94 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 142
TABLE 95 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 142
TABLE 96 VIETNAM: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 143
TABLE 97 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 143
TABLE 98 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 144
TABLE 99 TAIWAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 144
TABLE 100 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 145
TABLE 101 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 145
TABLE 102 INDONESIA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 145
TABLE 103 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 146
TABLE 104 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 146
TABLE 105 JAPAN: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 146
TABLE 106 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 147
TABLE 107 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 147
TABLE 108 THAILAND: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 148
TABLE 109 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2021-2024 (USD MILLION) 152
TABLE 110 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2025-2030 (USD MILLION) 153
TABLE 111 EUROPE: BATTERY SWAPPING MARKET, BY COUNTRY, 2031-2035 (USD MILLION) 153
TABLE 112 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 154
TABLE 113 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 154
TABLE 114 GERMANY: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 154
TABLE 115 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 155
TABLE 116 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 155
TABLE 117 NETHERLANDS: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 156
TABLE 118 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2021-2024 (USD MILLION) 156
TABLE 119 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2025-2030 (USD MILLION) 157
TABLE 120 UK: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 157
TABLE 121 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 158
TABLE 122 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 158
TABLE 123 FRANCE: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 158
TABLE 124 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY,
2021-2024 (USD MILLION) 162
TABLE 125 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY,
2025-2030 (USD MILLION) 163
TABLE 126 NORTH AMERICA: BATTERY SWAPPING MARKET, BY COUNTRY,
2031-2035 (USD MILLION) 163
TABLE 127 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2021-2024 (USD MILLION) 164
TABLE 128 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2025-2030 (USD MILLION) 164
TABLE 129 US: BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 164
TABLE 130 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2021-2024 (USD MILLION) 165
TABLE 131 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2025-2030 (USD MILLION) 165
TABLE 132 CANADA: BATTERY SWAPPING MARKET, BY VEHICLE TYPE,
2031-2035 (USD MILLION) 165
TABLE 133 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2025 167
TABLE 134 TWO-WHEELER BATTERY SWAPPING PROVIDER, MARKET SHARE ANALYSIS, 2024 169
TABLE 135 BATTERY SWAPPING MARKET: VEHICLE TYPE FOOTPRINT 178
TABLE 136 BATTERY SWAPPING MARKET: OPERATION TYPE FOOTPRINT 178
TABLE 137 BATTERY SWAPPING MARKET: SERVICE TYPE FOOTPRINT 179
TABLE 138 BATTERY SWAPPING MARKET: APPLICATION FOOTPRINT 180
TABLE 139 BATTERY SWAPPING MARKET: REGION FOOTPRINT 180
TABLE 140 BATTERY SWAPPING MARKET: KEY STARTUPS/SMES 183
TABLE 141 BATTERY SWAPPING MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES 183
TABLE 142 BATTERY SWAPPING MARKET: DEALS, JANUARY 2021-JANUARY 2025 184
TABLE 143 BATTERY SWAPPING MARKET: EXPANSIONS, JANUARY 2021-DECEMBER 2024 185
TABLE 144 BATTERY SWAPPING MARKET: OTHER DEVELOPMENTS,
JANUARY 2022-DECEMBER 2024 186
TABLE 145 NIO: COMPANY OVERVIEW 187
TABLE 146 NIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
TABLE 147 NIO: SERVICE LAUNCHES/DEVELOPMENTS 189
TABLE 148 NIO: DEALS 189
TABLE 149 NIO: EXPANSIONS 190
TABLE 150 NIO: OTHERS 191
TABLE 151 GOGORO: COMPANY OVERVIEW 194
TABLE 152 GOGORO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 153 GOGORO: DEALS 196
TABLE 154 GOGORO: EXPANSIONS 197
TABLE 155 AMPLE: COMPANY OVERVIEW 199
TABLE 156 AMPLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 157 AMPLE: DEALS 200
TABLE 158 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY OVERVIEW 202
TABLE 159 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
TABLE 160 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.:
SERVICE LAUNCHES/DEVELOPMENTS 203
TABLE 161 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: DEALS 204
TABLE 162 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: EXPANSIONS 205
TABLE 163 SUN MOBILITY: COMPANY OVERVIEW 207
TABLE 164 SUN MOBILITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
TABLE 165 SUN MOBILITY: SERVICE LAUNCHES/DEVELOPMENTS 208
TABLE 166 SUN MOBILITY: DEALS 209
TABLE 167 RACE ENERGY LTD.: COMPANY OVERVIEW 213
TABLE 168 RACE ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 169 RACE ENERGY LTD.: DEALS 214
TABLE 170 ESMITO SOLUTIONS PVT LTD: COMPANY OVERVIEW 215
TABLE 171 ESMITO SOLUTIONS PVT LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
TABLE 172 ESMITO SOLUTIONS PVT LTD: DEALS 215
TABLE 173 KWANG YANG MOTOR CO., LTD.: COMPANY OVERVIEW 216
TABLE 174 KWANG YANG MOTOR CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 175 KWANG YANG MOTOR CO., LTD.: DEALS 217
TABLE 176 E-CHARGEUP SOLUTIONS PVT LTD.: COMPANY OVERVIEW 218
TABLE 177 E-CHARGEUP SOLUTIONS PVT LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
TABLE 178 E-CHARGEUP SOLUTIONS PVT LTD.: DEALS 219
TABLE 179 AMPUP ENERGY PRIVATE LIMITED: COMPANY OVERVIEW 220
TABLE 180 AMPUP ENERGY PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 181 AMPUP ENERGY PRIVATE LIMITED: DEALS 221
TABLE 182 BATTERY SMART: COMPANY OVERVIEW 222
TABLE 183 BATTERY SMART: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 184 BATTERY SMART: DEALS 223
TABLE 185 IMMOTOR: COMPANY OVERVIEW 224
TABLE 186 IMMOTOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224
TABLE 187 IMMOTOR: OTHERS 225
TABLE 188 TUAL TECHNOLOGY LTD.: COMPANY OVERVIEW 226
TABLE 189 TUAL TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 190 TUAL TECHNOLOGY LTD.: SERVICE LAUNCHES/DEVELOPMENTS 227
TABLE 191 TUAL TECHNOLOGY LTD.: OTHERS 227
TABLE 192 QIYUAN GREEN POWER: COMPANY OVERVIEW 228
TABLE 193 QIYUAN GREEN POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228
TABLE 194 QIYUAN GREEN POWER: DEALS 229
TABLE 195 NUMOCITY: COMPANY OVERVIEW 230
TABLE 196 BATTSWAP: COMPANY OVERVIEW 231
TABLE 197 BATTERYPOOL: COMPANY OVERVIEW 232
TABLE 198 OKAYA EV PVT. LTD.: COMPANY OVERVIEW 232
TABLE 199 AMARA RAJA ENERGY & MOBILITY LIMITED.: COMPANY OVERVIEW 233
TABLE 200 KOORO: COMPANY OVERVIEW 234
TABLE 201 SWAP ENERGI INDONESIA: COMPANY OVERVIEW 234
TABLE 202 BLUESHARK ASEAN: COMPANY OVERVIEW 235
TABLE 203 SHELL: COMPANY OVERVIEW 235
TABLE 204 JANUS ELECTRIC: COMPANY OVERVIEW 236
TABLE 205 SWOBBEE: COMPANY OVERVIEW 237
TABLE 206 E-HAUL GMBH: COMPANY OVERVIEW 237
TABLE 207 CONTIGO MOBILITY: COMPANY OVERVIEW 238
FIGURE 1 MARKETS COVERED AND REGIONAL SCOPE 26
FIGURE 2 RESEARCH DESIGN 30
FIGURE 3 RESEARCH DESIGN MODEL 31
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 36
FIGURE 5 BATTERY SWAPPING MARKET: BOTTOM-UP APPROACH 37
FIGURE 6 BATTERY SWAPPING MARKET: TOP-DOWN APPROACH 38
FIGURE 7 BATTERY SWAPPING MARKET ESTIMATION NOTES 38
FIGURE 8 BATTERY SWAPPING MARKET: DEMAND-SIDE ANALYSIS 39
FIGURE 9 DATA TRIANGULATION METHODOLOGY 40
FIGURE 10 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE
DRIVERS AND OPPORTUNITIES 41
FIGURE 11 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 42
FIGURE 12 BATTERY SWAPPING MARKET OVERVIEW 47
FIGURE 13 ASIA PACIFIC TO BE DOMINANT MARKET DURING FORECAST PERIOD 47
FIGURE 14 SUBSCRIPTION TO BE LEADING SERVICE TYPE DURING FORECAST PERIOD 48
FIGURE 15 AUTOMATED SEGMENT TO GROW AT HIGHER CAGR THAN MANUAL SEGMENT DURING FORECAST PERIOD 49
FIGURE 16 INCREASING FOCUS ON MICROMOBILITY TO DRIVE BATTERY SWAPPING MARKET 50
FIGURE 17 ASIA PACIFIC TO BE DOMINANT MARKET IN 2025 51
FIGURE 18 AUTOMATED SEGMENT TO DOMINATE MARKET FROM 2025 TO 2035 51
FIGURE 19 PASSENGER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 52
FIGURE 20 TWO-WHEELER SEGMENT TO LEAD MARKET IN 2025 52
FIGURE 21 SUBSCRIPTION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 53
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
BATTERY SWAPPING MARKET 55
FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS IN
BATTERY SWAPPING MARKET 63
FIGURE 24 ECOSYSTEM ANALYSIS OF BATTERY SWAPPING MARKET 66
FIGURE 25 SUPPLY CHAIN ANALYSIS OF BATTERY SWAPPING MARKET 69
FIGURE 26 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 72
FIGURE 27 EXPORT DATA FOR HS CODE 850650-COMPLAINT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 73
FIGURE 28 ELECTRIC TWO-WHEELERS WITH SWAPPABLE VARIANT 83
FIGURE 29 INVESTMENT AND FUNDING SCENARIO, 2022-2024 83
FIGURE 30 BATTERY SWAPPING MARKET: PATENT ANALYSIS 85
FIGURE 31 BATTERY SWAPPING MARKET BUSINESS MODEL 93
FIGURE 32 SMART ELECTRIC VEHICLE CHARGING SYSTEM 95
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 97
FIGURE 34 KEY BUYING CRITERIA, BY APPLICATION 98
FIGURE 35 BATTERY SWAPPING MARKET, BY VEHICLE TYPE, 2025-2035 101
FIGURE 36 BATTERY SWAPPING MARKET, BY OPERATION TYPE, 2025-2035 110
FIGURE 37 FLOW FIGURE FOR AUTOMATED BATTERY SWAPPING 111
FIGURE 38 AUTOMATED ELECTRIC VEHICLE BATTERY SWAPPING STATION 113
FIGURE 39 BATTERY SWAPPING MARKET, BY SERVICE TYPE, 2025-2035 118
FIGURE 40 BATTERY SWAPPING MARKET, BY APPLICATION, 2025-2035 124
FIGURE 41 BATTERY SWAPPING MARKET, BY REGION, 2025-2035 130
FIGURE 42 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 133
FIGURE 43 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024-2026 133
FIGURE 44 ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024-2026 133
FIGURE 45 ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 134
FIGURE 46 ASIA PACIFIC: BATTERY SWAPPING MARKET SNAPSHOT 135
FIGURE 47 CHINA: COMPANIES ENGAGED IN BATTERY SWAPPING 137
FIGURE 48 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 150
FIGURE 49 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024-2026 150
FIGURE 50 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024-2026 150
FIGURE 51 EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 151
FIGURE 52 EUROPE: BATTERY SWAPPING MARKET SNAPSHOT 152
FIGURE 53 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024-2026 160
FIGURE 54 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024-2026 160
FIGURE 55 NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024-2026 161
FIGURE 56 NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 161
FIGURE 57 NORTH AMERICA: BATTERY SWAPPING MARKET SNAPSHOT 162
FIGURE 58 TWO-WHEELER BATTERY SWAPPING PROVIDER, MARKET SHARE ANALYSIS, 2024 170
FIGURE 59 PASSENGER CAR BATTERY SWAPPING PROVIDER, MARKET
RANKING ANALYSIS, 2024 170
FIGURE 60 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019-2023 172
FIGURE 61 COMPANY VALUATION OF KEY PLAYERS, 2024 172
FIGURE 62 FINANCIAL METRICS OF KEY PLAYERS, 2024 173
FIGURE 63 BRAND/PRODUCT COMPARISON 174
FIGURE 64 BATTERY SWAPPING MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 176
FIGURE 65 BATTERY SWAPPING MARKET: COMPANY FOOTPRINT 177
FIGURE 66 BATTERY SWAPPING MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 182
FIGURE 67 NIO: COMPANY SNAPSHOT 188
FIGURE 68 NIO: FOURTH-GENERATION SWAP STATIONS 192
FIGURE 69 GOGORO: COMPANY SNAPSHOT 195
FIGURE 70 AMPLE: COMPANY SNAPSHOT 199
FIGURE 71 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED.: COMPANY SNAPSHOT 202
FIGURE 72 SUN MOBILITY: COMPANY SNAPSHOT 207
FIGURE 73 SUN MOBILITY: QUICK INTERCHANGE STATION 211
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- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security