Electric Two-wheeler Battery Swapping Market is growing with the increase in the penetration of the electric two wheelers globally
The rise in the adoption of
electric two wheelers and the increase in government emission norms are driving
growth of the Global Electric Two-wheeler Battery Swapping Market.
According
to TechSci Research report, “Electric Two-wheeler Battery Swapping Market - Global Industry Size, Share, Trends, Competition,
Opportunity, and Forecast, 2018-2028”. The Global Electric Two-wheeler Battery
Swapping Market is expected to grow with the increase in the electric
two-wheeler adoption and the increase in infrastructure development in
different regions is also promoting the growth in the market. EV users that
engage in battery swapping go to the swapping stations and exchange their
depleted batteries for charged ones. It helps to resolve the issue of building
charging stations and lessens drivers' range concern. Leasing batteries can
also save EV owners from having to pay for outright battery purchases. A
procedure that may take many hours at a battery station requires the least
amount of infrastructure and time.
The
substantial initiatives taken by various Chinese companies for the development
of battery swapping infrastructure serves as the primary driving force behind
the battery swapping industry for electric vehicles in China. In a similar way,
the government offers incentives in other nations as well, which also
contributes to the growth factor. The method of replacing the batteries in
electric two-wheelers is getting a lot of momentum because of the region's poor
EV charging infrastructure. Numerous businesses are also working on creating
swappable battery systems for the three-wheeler market, which will spur market
expansion and open new market opportunities for the battery swapping industry.
The
pay per use model in the electric two-wheeler battery swapping market is
helping in reducing the overall ownership cost of the electric two wheelers as
the battery comprises major price share of the vehicle. The subscription-based
model is preferred for commercial use and during the forecast period it is
expected to grow further. Lithium-based solid-state batteries, which might
replace conventional Li-ion batteries, are anticipated to have a substantially
higher energy density per unit of volume and a much quicker charging rate.
These batteries employ solid-state electrolytes such as ceramics or solid
polymers in place of the liquid electrolytes found in traditional batteries.
The use of this technology might lead to smaller batteries with greater energy
densities, longer life spans, and improved safety profiles. Overall, the lithium
ion batteries are expected to increase its market share followed by lead acid
batteries.
Browse
more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Electric Two-wheeler Battery Swapping Market"
The Global Electric
Two-wheeler Battery Swapping market can be segmented based on type, service
type, battery type, end user, and region. Based on service type, the market is
further segmented into subscription model and pay-per-use model. Based on battery
type, the market is segmented into Lead Acid and Lithium-Ion. Based on end user,
the Global Electric Two-wheeler Battery Swapping Market is further divided into private and commercial. Based on region, the
market is further segmented into North America, Asia Pacific, Europe & CIS,
South America, and Middle East & Africa.
Some of the major companies operating in the Global
Electric Two-wheeler Battery Swapping Market include:
- Gogoro
Inc
- NIO
Technologies
- Sun
Mobility
- Immotor
Inc.
- Oyika
Pte. Ltd.
- MO
Batteries Singapore Pte Ltd.
- Kwang
Yang Motor Co, Ltd.
These
are the key players developing battery swapping infrastructure and new service
models to stay competitive in the market. Other competitive strategies include
mergers with the research and development firms, new product developments, and
marketing activities to increase customer outreach. These companies are also
focusing on meeting the regulations of different regional governments to stay
competitive in the market.
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
“The
electric two-wheeler segment is on the rise as the adoption of this vehicle
segment is rapidly increasing across the globe, and this is leading to a rise
in the utilization of the battery swapping stations. Similarly, the
government’s initiatives and schemes are also influencing growth in the market.
So during the forecast period, the electric two-wheeler battery swapping market
across the globe is expected to generate new opportunities and will grow at an
impressive rate,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Electric Two-wheeler Battery Swapping Market - Global
Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028” has
evaluated the future growth potential of Global Electric Two-wheeler Battery
Swapping Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Global Electric
Two-wheeler Battery Swapping Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com