The North America Battery Swapping Charging Infrastructure Market would witness market growth of 21.4% CAGR during the forecast period (2022-2028).
The depleted batteries will be centrally collected or charged at the service station. Because mechanical replacement and battery recharging is included in the battery swapping process, it is also termed automated refuelling or mechanical recharging.
The advantages of slow and fast charging are combined in these battery swapping stations, like instantly refuelling the EVs and slowly charging the batteries during off-peak hours. With the help of robotic machinery, the entire battery-swapping process can be done in under a few minutes. Consumers are charged for these batteries on a subscription or pay-per-use basis.
The battery-swapping charging infrastructure helps EV users to reduce their worry regarding the distance of their journey, as now they can save time by replacing their depleted battery with a filled one without waiting for hours. Also, now users can lease batteries with the battery swapping infrastructure’s battery-as-a-service, which helps the users to lower their overall cost of buying a battery.
EVs can attract people in rural America, where 20 percent of the population lives and depends on the road for daily travel. EVs can prove themselves a better alternative to conventional vehicles as people in rural areas drive more frequently than those in urban regions. Hence, they spend more on maintenance and fuel and usually have fewer options to meet their traveling needs. In long-term use, the EVs will aid rural people in reducing their fuel costs while minimizing the environmental impact.
The US market dominated the North America Battery Swapping Charging Infrastructure Market by Country in 2021 thereby, achieving a market value of $101,680.9 Thousands by 2028. The Canada market is experiencing a CAGR of 23.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 23.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Battery Swapping Charging Infrastructure Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Service Type
By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Passenger Vehicle
- Commercial Vehicle
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Nio Inc.
- Gogoro, Inc.
- Tesla, Inc.
- SUN Mobility Technology Center
- BYD Company Ltd.
- BattSwap, Ltd.
- Kwang Yang Motor Company Ltd.
- Panasonic Corporation
- Lithion Power Pvt. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Battery Swapping Charging Infrastructure Market, by Service Type
1.4.2 North America Battery Swapping Charging Infrastructure Market, by Vehicle Type
1.4.3 North America Battery Swapping Charging Infrastructure Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Battery Swapping Charging Infrastructure Market
Chapter 4. North America Battery Swapping Charging Infrastructure Market by Service Type
4.1 North America Pay-per-use Market by Country
4.2 North America Subscription Market by Country
Chapter 5. North America Battery Swapping Charging Infrastructure Market by Vehicle Type
5.1 North America Two-Wheeler Market by Country
5.2 North America Three-Wheeler Market by Country
5.3 North America Passenger Vehicle Market by Country
5.4 North America Commercial Vehicle Market by Country
Chapter 6. North America Battery Swapping Charging Infrastructure Market by Country
6.1 US Battery Swapping Charging Infrastructure Market
6.1.1 US Battery Swapping Charging Infrastructure Market by Service Type
6.1.2 US Battery Swapping Charging Infrastructure Market by Vehicle Type
6.2 Canada Battery Swapping Charging Infrastructure Market
6.2.1 Canada Battery Swapping Charging Infrastructure Market by Service Type
6.2.2 Canada Battery Swapping Charging Infrastructure Market by Vehicle Type
6.3 Mexico Battery Swapping Charging Infrastructure Market
6.3.1 Mexico Battery Swapping Charging Infrastructure Market by Service Type
6.3.2 Mexico Battery Swapping Charging Infrastructure Market by Vehicle Type
6.4 Rest of North America Battery Swapping Charging Infrastructure Market
6.4.1 Rest of North America Battery Swapping Charging Infrastructure Market by Service Type
6.4.2 Rest of North America Battery Swapping Charging Infrastructure Market by Vehicle Type
Chapter 7. Company Profiles
7.1 Tesla, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Panasonic Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 BYD Company Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Nio Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Geographical Expansions:
7.5 Gogoro, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 BattSwap, Ltd.
7.6.1 Company Overview
7.7 SUN Mobility Technology Center
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Lithion Power Pvt. Ltd.
7.8.1 Company Overview
7.9 Kwang Yang Motor Company Ltd.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
TABLE 1 North America Battery Swapping Charging Infrastructure Market, 2018 - 2021, USD Thousands
TABLE 2 North America Battery Swapping Charging Infrastructure Market, 2022 - 2028, USD Thousands
TABLE 3 North America Battery Swapping Charging Infrastructure Market by Service Type, 2018 - 2021, USD Thousands
TABLE 4 North America Battery Swapping Charging Infrastructure Market by Service Type, 2022 - 2028, USD Thousands
TABLE 5 North America Pay-per-use Market by Country, 2018 - 2021, USD Thousands
TABLE 6 North America Pay-per-use Market by Country, 2022 - 2028, USD Thousands
TABLE 7 North America Subscription Market by Country, 2018 - 2021, USD Thousands
TABLE 8 North America Subscription Market by Country, 2022 - 2028, USD Thousands
TABLE 9 North America Battery Swapping Charging Infrastructure Market by Vehicle Type, 2018 - 2021, USD Thousands
TABLE 10 North America Battery Swapping Charging Infrastructure Market by Vehicle Type, 2022 - 2028, USD Thousands
TABLE 11 North America Two-Wheeler Market by Country, 2018 - 2021, USD Thousands
TABLE 12 North America Two-Wheeler Market by Country, 2022 - 2028, USD Thousands
TABLE 13 North America Three-Wheeler Market by Country, 2018 - 2021, USD Thousands
TABLE 14 North America Three-Wheeler Market by Country, 2022 - 2028, USD Thousands
TABLE 15 North America Passenger Vehicle Market by Country, 2018 - 2021, USD Thousands
TABLE 16 North America Passenger Vehicle Market by Country, 2022 - 2028, USD Thousands
TABLE 17 North America Commercial Vehicle Market by Country, 2018 - 2021, USD Thousands
TABLE 18 North America Commercial Vehicle Market by Country, 2022 - 2028, USD Thousands
TABLE 19 North America Battery Swapping Charging Infrastructure Market by Country, 2018 - 2021, USD Thousands
TABLE 20 North America Battery Swapping Charging Infrastructure Market by Country, 2022 - 2028, USD Thousands
TABLE 21 US Battery Swapping Charging Infrastructure Market, 2018 - 2021, USD Thousands
TABLE 22 US Battery Swapping Charging Infrastructure Market, 2022 - 2028, USD Thousands
TABLE 23 US Battery Swapping Charging Infrastructure Market by Service Type, 2018 - 2021, USD Thousands
TABLE 24 US Battery Swapping Charging Infrastructure Market by Service Type, 2022 - 2028, USD Thousands
TABLE 25 US Battery Swapping Charging Infrastructure Market by Vehicle Type, 2018 - 2021, USD Thousands
TABLE 26 US Battery Swapping Charging Infrastructure Market by Vehicle Type, 2022 - 2028, USD Thousands
TABLE 27 Canada Battery Swapping Charging Infrastructure Market, 2018 - 2021, USD Thousands
TABLE 28 Canada Battery Swapping Charging Infrastructure Market, 2022 - 2028, USD Thousands
TABLE 29 Canada Battery Swapping Charging Infrastructure Market by Service Type, 2018 - 2021, USD Thousands
TABLE 30 Canada Battery Swapping Charging Infrastructure Market by Service Type, 2022 - 2028, USD Thousands
TABLE 31 Canada Battery Swapping Charging Infrastructure Market by Vehicle Type, 2018 - 2021, USD Thousands
TABLE 32 Canada Battery Swapping Charging Infrastructure Market by Vehicle Type, 2022 - 2028, USD Thousands
TABLE 33 Mexico Battery Swapping Charging Infrastructure Market, 2018 - 2021, USD Thousands
TABLE 34 Mexico Battery Swapping Charging Infrastructure Market, 2022 - 2028, USD Thousands
TABLE 35 Mexico Battery Swapping Charging Infrastructure Market by Service Type, 2018 - 2021, USD Thousands
TABLE 36 Mexico Battery Swapping Charging Infrastructure Market by Service Type, 2022 - 2028, USD Thousands
TABLE 37 Mexico Battery Swapping Charging Infrastructure Market by Vehicle Type, 2018 - 2021, USD Thousands
TABLE 38 Mexico Battery Swapping Charging Infrastructure Market by Vehicle Type, 2022 - 2028, USD Thousands
TABLE 39 Rest of North America Battery Swapping Charging Infrastructure Market, 2018 - 2021, USD Thousands
TABLE 40 Rest of North America Battery Swapping Charging Infrastructure Market, 2022 - 2028, USD Thousands
TABLE 41 Rest of North America Battery Swapping Charging Infrastructure Market by Service Type, 2018 - 2021, USD Thousands
TABLE 42 Rest of North America Battery Swapping Charging Infrastructure Market by Service Type, 2022 - 2028, USD Thousands
TABLE 43 Rest of North America Battery Swapping Charging Infrastructure Market by Vehicle Type, 2018 - 2021, USD Thousands
TABLE 44 Rest of North America Battery Swapping Charging Infrastructure Market by Vehicle Type, 2022 - 2028, USD Thousands
TABLE 45 key Information – Tesla, Inc.
TABLE 46 Key Information – Panasonic Corporation
TABLE 47 key Information – BYD Company Ltd.
TABLE 48 Key Information – Nio Inc.
TABLE 49 Key Information – Gogoro, Inc.
TABLE 50 Key Information – BattSwap, Ltd.
TABLE 51 Key Information – SUN Mobility Technology Center
TABLE 52 Key Information – Lithion Power Pvt. Ltd.
TABLE 53 Key information – Kwang Yang Motor Company Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT ANALYSIS: TESLA, INC.
FIG 3 Recent strategies and developments: Panasonic Corporation
FIG 4 SWOT Analysis: Panasonic Corporation
FIG 5 Recent strategies and developments: Nio, Inc.