Global Electric Vehicle Battery Swapping System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Vehicle Battery Swapping System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Electric Vehicle Battery Swapping System refers to centralized storage, centralized charging, and unified distribution of a large number of batteries through a centralized charging station, and battery replacement service or battery charging, logistics deployment, and power exchange services in the battery distribution station.

Market Overview:

The latest research study on the global Electric Vehicle Battery Swapping System market finds that the global Electric Vehicle Battery Swapping System market reached a value of USD 2170.61 million in 2022. It’s expected that the market will achieve USD 4307.39 million by 2028, exhibiting a CAGR of 12.1% during the forecast period.

Battery technology is unstable

Due to the development of electric vehicles, the specifications of electric vehicles of different models are different, and the specifications of batteries are not uniform. The battery reserves of Electric Vehicle Battery Swapping System are limited. The inconsistency of specifications and the immature development of battery technology cannot guarantee the Electric Vehicle Battery Swapping System. The connection problem between the battery and the body interface also exists. The battery is a high-voltage component, and now the battery pack generally has a water-cooling temperature control system. With the increase of the age and the bad road conditions, the battery interface and the temperature control system interface cannot be guaranteed.

Establishment of international standards

The establishment of international standards can help to unify the battery specifications of electric vehicles and reduce the upfront costs of the Electric Vehicle Battery Swapping System. It can effectively reduce the cost of post-maintenance. The establishment of international standards can also form economies of scale and promote the development of Electric Vehicle Battery Swapping System technology.

Seeking a more suitable profit model

Part of the current business model is to commercialize and market the new energy vehicle power battery. The State Grid plays the role of battery operator and is also a power battery purchaser. This model has led to the dependence of major automakers on the grid, or the attachment of other automakers. In this case, it is very popular to promote the separation of business models of car power value separation.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Beiqi New Energy Automobile Co. Ltd. is one of the major players operating in the Electric Vehicle Battery Swapping System market, holding a share of 20.57% in 2020.

Beiqi New Energy Automobile Co. Ltd.

Founded in 2009, Beiqi New Energy Automobile Co. Ltd. was initiated and controlled by Beijing Automotive Group Co., Ltd., the world's top 500 company. It is the first independent operation in China, the first to obtain the qualification of new energy vehicle production, and the first to carry out the reform of mixed ownership. The first batch of pilot new state-owned enterprise employees to share the reform of new energy auto companies.

NIO

NIO is a Shanghai-based Chinese car manufacturer specializing in the design and development of safe electric self-driving cars. NIO has R&D and design experts with an important technical and management background from leading automotive and high-tech companies.

Segmentation Overview:

By type, Centralized segment accounted for the largest share of market in 2021.

Distributed

Distributed model means that the mobile device stores the battery and can replace the battery of the electric car in an unfixed location.

Centralized

The centralized power exchange mode refers to centralized storage of a large number of batteries through a centralized power exchange, and battery replacement services for electric vehicles in the power exchange exhibition.

Modular

The modular model refers to an integrated system service that includes a series of services such as battery replacement and disassembly, battery recycling and disposal.

Application Overview:

By application, the Public Transit segment occupied the biggest share from 2017 to 2022.

Private Electric Vehicle

An electric vehicle, also called an EV, uses one or more electric motors or traction motors for propulsion. An electric vehicle may be powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels or an electric generator to convert fuel to electricity.

Public Transit

Public transport (also known as public transportation, public transit, or mass transit) is transport of passengers by group travel systems available for use by the general public, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip.

Key Companies in the global Electric Vehicle Battery Swapping System market covered in Chapter 3:

Shanghai Dianba New Energy Technology Co., Ltd.
NIO
Aulton New Energy Automotive Technology Co., Ltd.
Beiqi New Energy Automobile Co. Ltd.
Aleees
Potevio Group Corporation
IAT Automobile Technology Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Vehicle Battery Swapping System market from 2018 to 2029 is primarily split into:

Distributed
Centralized
Modular

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Vehicle Battery Swapping System market from 2018 to 2029 covers:

Private Electric Vehicle
Public Transit
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)