Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Battery Swapping Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type, By Service Type, By Region, And Segment Forecasts, 2025 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, registering a CAGR of 23.6% from 2025 to 2030.
Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period.
Through the battery-swapping charging infrastructure, consumers can borrow batteries as a stand-alone component from automobiles. The upgradation and recharging of batteries provided by the market conquer the shortcomings of plug-in EV chargers, including charging time and range anxiety. It provides charged batteries within a few minutes, comparable to traditional gas stations, thereby reducing the charging time. It provides longevity for long journeys by reducing users' range anxiety by providing them instant battery swapping at multiple locations. These factors are contributing to the growth of the market.
The demand for battery-swapping charging infrastructure is closely related to and dependent on the demand for electric vehicles. Governments across the world are engaging in strategic initiatives to promote electric vehicles. For instance, a multi-government policy group called the Electric Vehicles Initiative (EVI) was established to hasten the introduction and adoption of electric vehicles. EVI was established as part of the Clean Energy Ministerial (CEM), a high-level conference for the world's leading economies' energy ministers. Multiple countries, including the U.S., Canada, France, Germany, U.K., Netherlands, India, and Japan, have participated in EVI.
Such government initiatives are driving the adoption of electric vehicles which bodes well for the market. The COVID-19 pandemic had an adverse effect on global car sales. According to a report published by the International Energy Agency, global car sales witnessed an unprecedented drop in sales. However, global electric car sales grew by 40% from 2019 to 2020. The pandemic highlighted the need to adopt more environmentally cautious practices, driving the adoption of EVs. With the increasing demand for EVs, demand for public charging infrastructure also increased, driving the growth of the global market.
Battery Swapping Charging Infrastructure Market Report Highlights
- The two-wheeler segment accounted for the largest share of 31.0% in 2024. The cost-effectiveness offered by the battery swapping technology drives the growth of the industry.
- The pay-per-use segment held the largest market share in 2024. The pay-per-use or pay-as-you-go service allows the separation of battery from the vehicle and enables users to buy electric vehicles at a lower upfront cost.
- The subscription segment is expected to register the fastest CAGR during the forecast period. The subscription service segment allows electric vehicle users to subscribe to battery-as-a-service and opt for battery swapping at the swap station at pre-determined subscription prices.
- The battery swapping charging infrastructure industry in Asia Pacific dominated the overall market and accounted for 30.66% of the global share in 2024. The growing EV adoption in the region, particularly in markets such as China, India, and Southeast Asia, is fueling the growth of the industry.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Battery Swapping Charging Infrastructure Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.3. Battery Swapping Charging Infrastructure Market Analysis Tools
Chapter 4. Battery Swapping Charging Infrastructure Market: Vehicle Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Battery Swapping Charging Infrastructure Market: Vehicle Type Movement Analysis, 2024 & 2030 (USD Million)
4.3. Two-Wheeler
4.4. Three-Wheeler
4.5. Passenger Vehicle
4.6. Commercial Vehicle
Chapter 5. Battery Swapping Charging Infrastructure Market: Service Type Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Battery Swapping Charging Infrastructure Market: Service Type Movement Analysis, 2024 & 2030 (USD Million)
5.3. Pay-per-Use
5.4. Subscription
Chapter 6. Battery Swapping Charging Infrastructure Market: Regional Estimates & Trend Analysis
6.1. Battery Swapping Charging Infrastructure Market Share, By Region, 2024 & 2030 (USD Million)
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Latin America
6.6. Middle East and Africa
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles
- NIO
- Gogoro
- Leo Motors
- Yadea Technology Group
- SUN Mobility
- BYD
- BattSwap
- Kwang Yang Motor Co. (KYMCO)
- Panasonic
- Lithion Power
For more information about this report visit https://www.researchandmarkets.com/r/oce0mv
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