The Asia Pacific Battery Swapping Charging Infrastructure Market should witness market growth of 22.0% CAGR during the forecast period (2022-2028).
The vehicle’s driver must steer the EV over a ramp supported by pillars and park it as close to the battery pack’s lift system for the swapping procedure to initiate. Accurate positioning is important, aided by vehicle guides. Then with the help of air bearings, the frame is aligned to the battery pack in the EV. Further alignment between the vehicle and the swapping system is ensured by extending an alignment pin fixed to the frame. The term “Proper alignment” is referred to the position in which the underneath of the battery pack in the EV touches the rack and each of the nut runners or torque devices, which are placed on the frame, and are lined up perfectly with separate fasteners to secure the battery pack to the vehicle’s body.
With the rising use of EVs, the demand for various battery-swapping stations that suits local users is rising. And to meet the requirement, the public and private sectors can use some of the ideas to get the work done. Battery swapping can be done at toll stations. Battery swapping comes the handiest during a long journey. Considering the average time a vehicle passes through a toll station, a battery swapping system can be placed there, simultaneously carrying out the changing of the battery. A different lane can be put forward for the EVs at the toll booth for the vehicles that need a change.
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 China market dominated the Asia Pacific Battery Swapping Charging Infrastructure Market by Country in 2021; thereby, achieving a market value of $79,126.4 Thousands by 2028. The Japan market is registering a CAGR of 21.2% during (2022-2028). Additionally, The India market would showcase a CAGR of 23.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders 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.
The vehicle’s driver must steer the EV over a ramp supported by pillars and park it as close to the battery pack’s lift system for the swapping procedure to initiate. Accurate positioning is important, aided by vehicle guides. Then with the help of air bearings, the frame is aligned to the battery pack in the EV. Further alignment between the vehicle and the swapping system is ensured by extending an alignment pin fixed to the frame. The term “Proper alignment” is referred to the position in which the underneath of the battery pack in the EV touches the rack and each of the nut runners or torque devices, which are placed on the frame, and are lined up perfectly with separate fasteners to secure the battery pack to the vehicle’s body.
With the rising use of EVs, the demand for various battery-swapping stations that suits local users is rising. And to meet the requirement, the public and private sectors can use some of the ideas to get the work done. Battery swapping can be done at toll stations. Battery swapping comes the handiest during a long journey. Considering the average time a vehicle passes through a toll station, a battery swapping system can be placed there, simultaneously carrying out the changing of the battery. A different lane can be put forward for the EVs at the toll booth for the vehicles that need a change.
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 China market dominated the Asia Pacific Battery Swapping Charging Infrastructure Market by Country in 2021; thereby, achieving a market value of $79,126.4 Thousands by 2028. The Japan market is registering a CAGR of 21.2% during (2022-2028). Additionally, The India market would showcase a CAGR of 23.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders 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
By Service Type
- Pay-per-use
- Subscription
By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Passenger Vehicle
- Commercial Vehicle
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Asia Pacific Battery Swapping Charging Infrastructure Market by Service Type
Chapter 5. Asia Pacific Battery Swapping Charging Infrastructure Market by Vehicle Type
Chapter 6. Asia Pacific Battery Swapping Charging Infrastructure Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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.
Methodology
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