The Europe Battery Swapping Charging Infrastructure Market would witness market growth of 21.0% CAGR during the forecast period (2022-2028).
Battery as a service helps EV owners reduce their battery charging costs and requires the most undersized infrastructure to operate. To change their artillery, the owner needs to visit the outlet of the energy operator, change their drained battery and pay for the electricity consumed. An energy operator buys EV batteries in large volumes and sets up stations to charge batteries. It takes about the same time to refill a combustion engine vehicle and swap a battery.
Tesla was the first to disclose a system for swapping battery packs in EVs (US patent number 10513247B2). In this system, there was a frame with a base and a rack that held the battery pack. A lift was also installed to lower or raise the structure according to the need. The framework also had a pair of four air bearings, each fitted on the frame. The first set is placed on the top of the structure for the movement between the lift and the frame, whereas the other group is positioned on the bottom, which allows it to move relative to the battery pack. In regards to the frame’s base, the rack can also drive.
The transportation industry is majorly responsible for greenhouse gas emissions in the UK and to meet the decarbonizing goals, it is essential to lower the emission rate of the transport industry. To phase out diesel and petrol ICEs from 2040, the UK government has established a firm to work on it. Regions and countries in the UK are also setting goals to lower carbon emissions. For instance, in Scotland, the council is working towards the establishment of emission-free zones in the area while also working on rolling out the ICE vehicles from 2032. The goals for establishing emission-free regions and decreasing the use of ICE vehicles in the battery-swapping charging infrastructure market will propel.
The Germany market dominated the Europe Battery Swapping Charging Infrastructure Market by Country in 2021 thereby, achieving a market value of $35,369.2 Thousands by 2028; The UK market is exhibiting a CAGR of 19.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 21.9% during (2022 - 2028).
Based on Service Type, the market is segmented into Pay-per-use and Subscription. Based on Vehicle Type, the market is segmented into Two-Wheeler, Three-Wheeler, Passenger Vehicle and Commercial Vehicle. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Battery Swapping Charging Infrastructure Market will Hit $542.6 Million by 2028, at a CAGR of 21.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nio Inc., Gogoro, Inc., Tesla, Inc., SUN Mobility Technology Center, BYD Company Ltd., BattSwap, Ltd., Kwang Yang Motor Company Ltd., Panasonic Corporation and Lithion Power Pvt. Ltd.
By Service Type
By Vehicle Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 