Electric vehicle battery
swapping is a facility where an electric vehicle's discharged battery or
battery pack can be immediately exchanged with a fully charged one, avoiding
the delay incurred in waiting for vehicle's battery to charge. Battery swapping
stations provide a faster solution to tackle range anxiety, where each battery exchange
takes less than ten minutes and needs lesser space to equip compared to
charging stations. In addition, battery-as-a-service (BaaS) is another solution
attaining traction in the battery swapping market, given its impact on minimizing
high upfront cost of electric vehicles by separating battery ownership. The
rising demand for two-wheelers in B2B services such as hailing, scooter sharing
and last mile transportation along with thriving electric three-wheeler
(rickshaw sales) for passenger and load carrying has offered opportunities for
battery-swapping niches to develop. Asia-Pacific (APAC) is a center for
electric two-wheelers and three-wheelers, which are used widely for passenger
carriage, particularly for last-mile transportation. Moreover, most of the
drivers of these vehicles charge the vehicles two times in a day, as a single
charge is not enough to run them all the day. Charging these vehicles in the
daytime, for two to three hours in the peak business hours, leads to a loss of
income. Hence, the adoption of battery swapping enhances the prospects for
drivers’ earnings. Electric vehicles utilizing advanced batteries, which
support exchange, have been known to run 25% longer when compared to the traditional
charged vehicles and 50% longer when compared to lead–acid battery vehicles. Therefore,
the longer run time and increased prospects for shared e-mobility services act
as the major factors accelerating the growth of the electric vehicle battery
swapping for two- and three-wheeler market. Dearth
of limited charging facilities is a key issue for most electric two-wheeler and
three-wheeler owners which is limiting the market.
One of
the key technological trends being observed in the global EV battery swapping
for two- and three-wheeler market is the deployment of robotic systems for the
purpose, as to automate the procedure. The robotic technology can exchange an electric
vehicle battery in a bit more than 2 minutes, therefore saving time and
ensuring constant mobility. Additionally, this technology is ideal for light
and small electric vehicles, such as two- and three-wheelers.
The
global EV Battery Swapping For Two- and Three-Wheeler Market is segregated on
the basis of Service Type as Pay-Per-Use Model and Subscription Model. Based on
Battery Type the global EV Battery Swapping For Two- and Three-Wheeler Market
is segmented in Lead Acid and Li-Ion. Based on Vehicle Type the global EV
Battery Swapping For Two- and Three-Wheeler Market is segmented in Two-Wheeler
and Three-Wheeler.
The
global EV Battery Swapping For Two- and Three-Wheeler Market report provides
geographic analysis covering regions, such as Europe, North America, Asia
Pacific, and Rest of The World. The EV Battery Swapping For Two- and
Three-Wheeler Market for each region is further segmented for major countries
including the U.S., Canada, Germany, the U.K., France, Italy, China, India,
Japan, Brazil, South Africa, and others.
Competitive Analysis
ACME
Cleantech Solutions Pvt. Ltd., Amara Raja Batteries Ltd., Ample, Ola Electric
Mobility Pvt. Ltd. and others are among the major players in the global EV
Battery Swapping For Two- and Three-Wheeler Market. The companies studied in
terms of product strategy and various n several growth and expansion strategies
to gain a competitive edge in the market. The major players not only follow
value chain integration with business operations in multiple stages of the
value chain.
- In
January 2020, Fika
Mobility declared the EV battery swapping model for the Kenyan market. The
Fikam electric motorcycles worth between $1,000 and $1,200 (KES 100,000 and KES
120,000). There has been an increase in the usage of boda bodas in key Kenyan
cities and towns, as they assure quick navigation through traffic and provide
economical solutions for transporting passengers in remote locations
inaccessible by other vehicles. The company also introduced - the FIKA model,
works as a battery rental marketplace, enable for swapping, when the charging
is less.
- In April
2018, SUN Mobility Pvt. Ltd. introduced a swappable battery station for
two- and three-wheeler EVs at its recently developed 47,500-sq. ft. technology
development center in Bengaluru, India. The platform facilitates electric two-
and three-wheelers to be cost-neutral over traditional diesel/petrol ones. The
solution, to be provided in collaboration with various OEMs and solution
providers, will help a range of new models also the retrofit applications.
The global EV Battery Swapping For Two- and
Three-Wheeler Market has been segmented as below:
EV
Battery Swapping For Two- and Three-Wheeler Market, By Service Type
- Pay-Per-Use Model
- Subscription Model
EV
Battery Swapping For Two- and Three-Wheeler Market, By Battery Type
EV
Battery Swapping For Two- and Three-Wheeler Market, By Vehicle Type
- Two-Wheeler
- Pay-per-use model
- Subscription model
- Three-Wheeler
- Pay-per-use model
- Subscription model
EV
Battery Swapping For Two- and Three-Wheeler Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
EV
Battery Swapping For Two- and Three-Wheeler Market, By Company
- ACME Cleantech Solutions Pvt. Ltd.
- Amara Raja Batteries Ltd.
- Ample
- Ola Electric Mobility Pvt. Ltd.
- BattSwap Inc.
- Divish Mobility Pvt. Ltd.
(BatteryPool)
- Exicom Tele-Systems Ltd.
- Flymove Holding Ltd.
- Fortum India Pvt. Ltd.
- Gogoro Inc.
- GreenPack GmbH
- Immotor Inc.
- Leo Motors Inc.
- Lithion Power Pvt. Ltd.
- Panasonic India Pvt. Ltd.
- Piaggio Vehicles Pvt. Ltd.
- Pushme Inc.
- SUN Mobility Pvt. Ltd.
- KYMCO
- NIO Power
The
report covers the below scope:
- Global EV Battery Swapping For Two-
and Three-Wheeler Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global EV Battery Swapping For Two-
and Three-Wheeler Market trends, covering comprehensive range of consumer
trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global EV
Battery Swapping For Two- and Three-Wheeler Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global EV Battery Swapping For Two- and
Three-Wheeler Market report scope includes detailed study covering underlying
factors influencing the industry trends. The report covers analysis on regional
and country level market dynamics. The scope also covers competitive overview
providing company market shares along with company profiles for major revenue
contributing companies. The report scope includes detailed competitive outlook
covering market shares and profiles key participants in the global EV Battery
Swapping For Two- and Three-Wheeler Market share. Major industry players with
significant revenue share include ACME Cleantech Solutions Pvt. Ltd., Amara
Raja Batteries Ltd., Ample, Ola Electric Mobility Pvt. Ltd., BattSwap Inc., Divish
Mobility Pvt. Ltd. (BatteryPool), Exicom Tele-Systems Ltd. and others.
Why to
Buy this Report:
- Gain detailed insights on the EV Battery Swapping For
Two- and Three-Wheeler
industry trends
- Find complete analysis on the
market status
- Identify the EV Battery Swapping
For Two- and Three-Wheeler Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement