EV Battery Swapping Station Market 2022-2027

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    EV BATTERY SWAPPING STATION MARKET

     

    INTRODUCTION

    Power supply substituting for powered mobility, the charging method wherein a rapidly depleting battery is supplanted with a full battery one, is expected to be an increasing and potentially successful enterprise in the coming decades.

     

    Rechargeable batteries simply switching is regarded as a viable solution to India’s Recharging issues. In India, more than 50 start-ups are energetic in this interior. A conglomerate of leading two-wheeler manufacturers has formed to develop replaceable battery motorcycles.

     

    Numerous state and local governments have launched battery swap measures with significant financial incentive schemes. This innovation, nevertheless, has restrictions.

     

    EV Battery Swapping Station Market, EV Battery Swapping Station Market Size, EV Battery Swapping Station Market Trends, EV Battery Swapping Station Market Forecast, EV Battery Swapping Station Market Risks, EV Battery Swapping Station Market Report, EV Battery Swapping Station Market Share

     

    The main challenge would be that the replacing architecture would necessitate collaboration between automobile manufacturers on communized automobiles and rechargeable batteries. Battery swapping technique provides a car’s extremely tired battery or rechargeable battery to be replaced with a fully charged one.

     

    It can reduce the amount of time having waited for the car’s power supply to replenish while also increasing available run time. Furthermore, when particularly in comparison to charging points, battery swapping terminals provide such a quicker response to range anxiousness and require considerably less space to configure.

     

    The BSS functions as a battery aggregator, providing the transportation system for a multitude of battery packs to be charged and charged battery packs to be made accessible to EV drivers.

     

    EV BATTERY SWAPPING STATION MARKET DYNAMICS

     

    Sl.no Timeline Developments
    1 Q4-2021 US based startup, Ample raised $30 million funding with $890 million valuation to expand its battery swapping business to Europe by partnering with Uber.
    2 Q4-2021 Gogoro to expand its EV business network to Indonesia by partnering with Gojek to enter the market segment. Indonesia is the largest market for the two wheeler segment followed by China and India
    3 Q1-2021 Yamaha, KTM, Honda, and Piaggio are partnered together to develop swappable batteries for electric two wheelers. The association will start its operation in the second quarter and is inviting other companies to join the manufacturing partnership
    4 Q3-2021 The Chinese government introduced a battery swapping programme for electric vehicles including LCVs under the Ministry of Industry and Information Technology to save CO2 emissions in the country.
    5 Q4-2021 Chinese company BAIC to build 100 battery swapping stations in China for EVs. Which comes with 4th generation battery swapping technology, takes only 30 seconds.
    6 Q4-2021 Shell is partnered with Chinese company Nio to set up charging and battery swapping stations in China and Europe.

     

    Battery swapping, a procedure in which expelled rechargeable batteries of powered mobility are swapped with full battery individuals, offers substantial advantages that enhance the removal of significant barriers that reduce the development of electric vehicles, including such ownership concentration costs, lengthy rechargeable batteries battery charging times, and limited operating range.

     

    At the very same moment, battery swapping terminals, which are infrastructure where batteries are swapped, can also function as power storage implementations, supplying grid additional functions and thus enabling the infiltration of alternative energy sources.

     

    The emergence in demand for electric vehicles, coupled with a lack of appropriate charging stations facilities and shorter charging times, is expected to boost the growth. However, growing demand is hampered by differences in battery engineering and innovation, as well as the large upfront set-up and operating costs of battery swapping stations. Furthermore, several of the factors include the rapid emergence of sharable e-mobility as well as the initiation of sophisticated and disruptive battery swapping models and assistance by industry players.

     

    Infographic: Global EV Battery Swapping Station Market, Global EV Battery Swapping Station Market Size, Global EV Battery Swapping Station Market Trends,  Global EV Battery Swapping Station Market Forecast,  Global EV Battery Swapping Station Market Risks, Global EV Battery Swapping Station Market Report, Global EV Battery Swapping Station Market Share

     

    Presently, the large percentage of e-2Ws on the market have retractable batteries that can be charged via plug-in or rechargeable batteries.

     

    Rechargeable batteries swapping has the possibility for being the most cost-effective option for efficient rapid charging infrastructure, particularly for commercial vehicle companies operating In India and developing countries with high vehicle utilization during operating hours.

     

    EVs are substantially more expensive than traditional diesel/petrol and gas vehicles. This is also what deters vehicle purchasers who are unwilling to invest significantly more than just the higher than conventional automobiles.

     

    GLOBAL EV BATTERY SWAPPING MARKET SEGMENTATION

    The Global EV Battery Swapping Market can be segmented into following categories for further analysis.

     

    EV Battery Swapping Station Market By Vehicle Usage Type

    • Two-Wheeler
    • Three-Wheeler
    • Four-Wheeler

     

    EV Battery Swapping Station Market By Service Type

    • Subscription Based Model
    • Pay per use Model

     

    EV Battery Swapping Station Market By Vehicle Class

    • Light Commercial Vehicle
    • Passenger Vehicle
    • Heavy Commercial Vehicle

     

    EV Battery Swapping Station Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    EV BATTERY SWAPPING STATION MARKET LATEST TRENDS

     

    SI.no Timeline Company Developments
    1 Q4-2021 Bounce  Bounce to set up 3500 stations for battery swapping services by partnering with Park+. Bounce is also launching its electric scooter Infinity with battery as a service option.
    2 Q4-2021 Shell Shell is partnered with Chinese company Nio to set up charging and battery swapping stations in China and Europe.
    3 Q4-2021 Power Global US based startup Power Global to supply its swappable eZee lithium ion batteries to Rap Eco Motors for its electric three wheeler vehicles.
    4 Q4-2021 Electric Last Mile Solutions Electric Last Mile Solutions is partnered with CATL for its batteries and Ample to use its battery swapping technology for its EV delivery vans.
    5 Q3-2021 Reliance BP Mobility Reliance BP Mobility to set up battery swapping stations for Swiggy delivery vehicles.
    6 Q4-2021 Hop Mobility Indian EV company, Delhi based Hop Mobility, provides hybrid battery solutions called Hop Energy Network for its EV two wheelers. Consumers can charge the battery or swap batteries within 30 seconds. Q2

     

    When particularly in comparison to charging stations, electrical generating stations provide a faster solution to address worries because each battery swap tries to take just under 10 minutes and necessitates much less room to configure. Furthermore, battery-as-a-service (BaaS) is growing rapidly in the battery swapping sector having a significant impact on lowering the high initial outlay of electric vehicles by trying to separate rechargeable batteries responsibility.

     

    infographic: EV Battery Swapping Station Market, EV Battery Swapping Station Market Size, EV Battery Swapping Station Market Trends, EV Battery Swapping Station Market Forecast, EV Battery Swapping Station Market Risks, EV Battery Swapping Station Market Report, EV Battery Swapping Station Market Share

     

    Furthermore, because the customer hardly ends up paying for the energy, battery switching reduces shutdowns and vehicular influence on price. Constrained required to charge frequency and affordability have been main impediments to the production of electric vehicles, and incredibly quickly stations are undoubtedly the most widely way to quickly contribute range to automobiles. Battery swapping solutions, as opposed to quickly charging the battery, aim to physically replace a rapidly depleting battery with such a polarized one.

     

    When battery replacement parts are taken into account as a result of faster charging, 50 kW charging becomes the most cost-effective option. Battery switching is perhaps most cost-effective for large fleets. A fully self-contained swapping facility that means removing drained battery components from the vehicle and wants to replace people with full battery ones. This same exhausted battery components are therefore positioned on shelves to be refuelled. A reconfigurable battery architectural style that enables any EV to use charging points.

     

    RECENT PARTNERSHIPS IN EV BATTERY SWAPPING STATION MARKET

    For battery swapping in India, Reliance Industries Ltd. launched a joint venture with BP Plc of the United Kingdom. Hero MotoCorp Ltd. and Gogoro of Taiwan have also teamed together. 

     

    Honda Motor Company of Japan has also established a battery-sharing and swapping business in India. Bounce, a Bengaluru-based startup, became the first OEM to release an electric scooter without a battery pack. Its model includes a subscription to the firm’s battery-as-a-service offering.

     

    RECENT LAUNCH IN THE EV BATTERY SWAPPING STATION MARKET

    The first EnergyCafe, a battery switching station established through strategic cooperation between Kinectic Green and Indraprastha Gas Limited (IGL), has opened. This network allows users to acquire real-time information on the battery’s location and charging status.

     

    The software allows users to locate a nearby battery switching station, make a reservation, and pay via digital payments.Under this battery-charging mechanism, customers can choose between two and three-wheelers.

     

    It only takes 2 minutes to replace a battery and eliminates the need to buy a new one, decreasing vehicle recharging time. Battery swapping facilities can be set up in convenient locations, such as at gas stations, where customers can return their discharged batteries.

     

    The first battery swap station in Norway was officially unveiled at NIO House in Oslo, Norway.

     

    The revolutionary power exchange station makes travelling easy by providing a much better and faster charging experience.

     

    The second-generation Power Swap Station 2.0 offers a better battery switching experience, with a daily capacity of 312 exchanges. 

     

    Furthermore, the vehicle may automatically drive into the station, and users can initiate the self-service swap with a single tap on the central display without having to exit the vehicle.

     

    NIO has established 900 Power Swap stations in China, and our consumers have swapped batteries over 8,000,000 times.

     

     

    COMPETITIVE LANDSCAPE IN THE EV BATTERY SWAPPING STATION MARKET

    SI.no Timeline Company Developments
    1 Q2-2021 Battery Smart  Indian battery swapping startup Battery Smart raises $7 million in pre series A funding.
    2 Q4-2021 Next.e.Go An electric vehicle manufacturer to set up its own battery swapping stations for their electric cars.
    3 Q3-2021 Geely Chinese EV company Geely to set up battery swapping stations called E-Energee and it aims to install 5000 infrastructures for battery swapping in China by 2025.
    4 Q3-2021 Sun Mobility Sun Mobility, an Indian startup provides battery swapping services as MaaS raised $50 million from Vittol. Sun Mobility to expand its 500 swapping stations by the end 0f 2022 and aims to provide its services to over one million vehicles by 2025. 
    5 Q2-2021 Gogoro Gogoro to build a battery swapping network in China for DCJ and YDEA two wheeler maker companies that will jointly invest $50 million for its operation.
    6 Q4-2021 Gogoro World’s largest battery swapping provider for EVs, Taiwanese company Gogoro is partnered with leading electronics manufacturer Foxconn to mass produce swappable batteries, electric scooters and other products. Gogoro is also partnered with Hero MotorCorp to build electric scooters for India.

    Battery swap costs are critical for keeping infrastructure costs low. Faster trying to charge reduces taxi shutdowns but accelerates waste is generated. The most difficult challenge presently is to charge the batteries in the shortest period of time. Elevated input into the grid necessitates a rethinking of how energy is dispersed in the power network. That seems to be, we require an intellectual grid capable of directing energy. At about the same time, it is critical to account for all of the peak position that may actually happen in the power network at almost the same moment.

     

    Amara Raja Batteries is one of the leading developers of swapping stations in the market. With such a swapping moment of less than 2 minutes, the swapping station provides an excellent on-the-go charging solution for 2 and 3-wheeler EVs.

     

    It provides smart and effective chargers, ensuring battery health and wellbeing. Its touch screen, RFID authentication, and digital payment make it simple to use. It’s been used with a Dispersion, Control, Alarm, Tracking, and Interaction configuration in four different configurations: 20 Channel, 12 Channel, 8 Channel, and 4 Channel.

     

    Rollers are provided in the battery slots to allow for the continuous motion of batteries (Rack in/Out). Planning to charge for batteries with capacities ranging from 1.5kWHr to 3kWHr, at charging rates ranging from 0.5 to 2C. The architecture is strong enough for both outdoor or indoor use, and so it comes with such a back – up power that can last two to three hours.

     

    Nio Inc. is one of the major developer of swapping station systems in the industry focusing on better technology integration. It has introduced the Swap Station 2.0 into the market. The NIO Power Swap Station 2.0 is the world’s largest first surplus battery replacement facility that enables the car to drive through into station autonomously.

     

    The terminals can now complete 312 battery substitutions each day, a substantial improvement in swapping effectiveness. Furthermore, each channel has 239 sensors as well as four cloud computer networks to maximise computer vision applications innovations. Consumers can conduct a complete battery replacement with a click of the mouse of about their control mechanisms while still in their vehicles.

    COMPANY PROFILE IN THE EV BATTERY SWAPPING STATION MARKET

    1. Gogoro
    2. Ola Electric Mobility
    3. SUN Mobility 
    4.  Lithion Power
    5. NIO
    6. Amara Raja Batteries Limited
    7. Amplify Cleantech Solutions Private Limited
    8. Charge my Gaadi
    9. Echargeup
    10. Esmito Solutions Pvt Ltd
    11. Numocity Technologies Pvt Ltd.
    12. Oyika
    13. Ample Solutions
    14. Volt Up
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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