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Battery as a service Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Battery as a service Market – (By Product Type – Stationary and Mobile/Portable; By Service Type – Subscription (Rental) and Pay Per Use; By Vehicle Type - 2 & 3-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 25-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422212
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Battery as a service Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 142.74 Mn
Expected Revenue in 2030US$ 1,097.63 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR25.9% (2022-2030)
Segments coveredBy Product Type, By Service Type, By Vehicle Type, By Region
Key CompaniesNIO, Epiroc, Global Technology Systems, Inc., Contemporary Amperex Technology Co., Harding Energy, Inc., and Octillion among others
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Under this model, customers can lease batteries from the OEMs or battery suppliers as a separate component from cars and can also take out the discharged battery and exchange it with a fully charged one.

The Global Battery as a service Market was valued at US$ 142.7 Mn in 2021. 

The Global Battery as a service Market is estimated to expand at a CAGR of 25.9% over the forecast period. 

The market is majorly driven by factors such as high battery cost and growing sales of electric vehicle coupled with favorable government initiatives.

The damage to the battery due to handling coupled with lack of standardization is hindering market growth. 

Growing demand of electric vehicle in Asia Pacific is creating a lucrative opportunity for market expansion.

Stationary segment dominates the market in 2021.

Passenger cars dominate the Global Battery as a service Market. 

Asia Pacific dominates the Global Battery as a service Market.

The key players in the Global Battery as a service Market are NIO, Epiroc, Global Technology Systems, Inc., Harding Energy, Inc., and Octillion among others.

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