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Market Research Report

India Electric Vehicle Battery Swapping Market Research Report: By Vehicle Type (Two-Wheeler, Three-Wheeler, Commercial Vehicle), Service Type (Pay-Per-Use Model, Subscription Model) - Industry Size, Trend, Growth and Demand Forecast to 2030

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India Electric Vehicle Battery Swapping Market Research Report: By Vehicle Type (Two-Wheeler, Three-Wheeler, Commercial Vehicle), Service Type (Pay-Per-Use Model, Subscription Model) - Industry Size, Trend, Growth and Demand Forecast to 2030
Published: February 1, 2020 Content info: 108 Pages
Description

Due to increased run-time and improved remunerative prospects for shared e-mobility drivers, the demand for electric vehicle (EV) battery swapping is rising in India. The market is likely to be dominated by electric three-wheelers as these vehicles are majorly used for passenger carrier and run on an average more than 100 km a day. Since with each full charge these vehicles run less than 100 km, these are required to be charged twice or thrice a day. Battery swapping technology offers best alternative to slow charging and helps the drivers to make optimum use of the operational hours. However, commercial vehicle category is projected to grow at the fastest rate during the forecast period in the Indian EV battery swapping market.

Based on service type, the pay-per-use category is expected to hold the larger share in the Indian EV battery swapping market in 2020, and is further projected to remain the dominant category during the forecast period. This can be buoyed by the preference of the vehicle drivers to pay as per their usage, due to lack of fixed usage pattern of their vehicles. For instance, it is observed that electric two-wheeler riders generally do not prefer driving for longer distances. Since they do not require much battery swaps for running for short distance, majority of the drivers are expected to opt for pay-per-use model.

To gain a competitive edge over other players in the Indian EV battery swapping market, the companies are focusing on offering products and services, and working in collaborations with other market leaders to expand their reach. From the competitive landscape view, the Indian EV battery swapping service providers can boost their market share by seizing the growth opportunities presented by:

Forming partnerships with vehicle manufacturers, battery manufacturers, and utility providers in order to deploy battery swapping technology at faster rate

Targeting electric autos and electric buses as these holds huge potential for service expansion

Aiming shared mobility section, including two-wheeler sharing, as majority of electric vehicles will be deployed for shared mobility and drivers would opt for battery swapping to make optimum use of the operational hours

Focusing on cities where battery swapping service deployment is profitable, such as Bangalore, Delhi, and Nagpur and entering into emerging areas, such as Hyderabad and Ahmedabad, where battery swapping holds significant opportunities

Table of Contents

TABLE OF CONTENTS

Chapter 1. Research Background

  • 1.1 Research Objectives
  • 1.2 Market Definition
  • 1.3 Research Scope
    • 1.3.1 Market Segmentation by Vehicle Type
    • 1.3.2 Market Segmentation by Service Type
    • 1.3.3 Analysis Period
    • 1.3.4 Market Data Reporting Unit
      • 1.3.4.1 Value
  • 1.4 Key Stakeholders

Chapter 2. Research Methodology

  • 2.1 Secondary Research
  • 2.2 Primary Research
    • 2.2.1 Breakdown of Primary Research Respondents
      • 2.2.1.1 By industry participant
      • 2.2.1.2 By company type
  • 2.3 Market Size Estimation
  • 2.4 Data Triangulation
  • 2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

  • 4.1 Definition of Market Segments
    • 4.1.1 By Vehicle Type
      • 4.1.1.1 Two-wheeler
      • 4.1.1.2 Three-wheeler
      • 4.1.1.3 Commercial vehicle
    • 4.1.2 By Service Type
      • 4.1.2.1 Pay-per-use model
      • 4.1.2.2 Subscription model
  • 4.2 Value Chain Analysis
  • 4.3 Market Dynamics
    • 4.3.1 Trends
      • 4.3.1.1 Collaborations and partnerships
    • 4.3.2 Drivers
      • 4.3.2.1 No wait time for charging
      • 4.3.2.2 Reduced upfront cost for Evs
      • 4.3.2.3 Increased run-time and improved remunerative prospects for shared e-mobility drivers
      • 4.3.2.4 Low penetration of EV charging stations
      • 4.3.2.5 Impact analysis of drivers on market forecast
    • 4.3.3 Restraints
      • 4.3.3.1 Battery availability and compatibility
      • 4.3.3.2 Degradation in battery performance
      • 4.3.3.3 Impact analysis of restraints on market forecast
    • 4.3.4 Opportunities
      • 4.3.4.1 Growing demand for Li-ion battery-based electric rickshaws
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Intensity of Rivalry
    • 4.4.5 Threat of Substitutes

Chapter 5. Global Case Studies

  • 5.1 Case 1: Tesla Inc.
  • 5.2 Case 2: Better Place Inc.
  • 5.3 Case 3: Gogoro Inc.
  • 5.4 Case 4: Powerswap AB
  • 5.5 Case 5: Advanced Lithium Electrochemistry (Cayman) Co. Ltd. (Aleees)

Chapter 6. EV and Charging Station Industry Outlook

  • 6.1 India EV Scenario
    • 6.1.1 Overview
    • 6.1.2 EV Sales Growth
    • 6.1.3 EV Manufacturers
    • 6.1.4 Future of Evs in India
  • 6.2 India EV Charging Station Scenario
    • 6.2.1 Overview
    • 6.2.2 Infrastructure Requirements
    • 6.2.3 Database
    • 6.2.4 Tariff for Supplying Electricity
    • 6.2.5 Service Charges at Public Charging Stations
    • 6.2.6 Phases for Public Charging Infrastructure Rollout
      • 6.2.6.1 Phase I (1-3 years)
      • 6.2.6.2 Phase II (3-5 years)
    • 6.2.7 Charging Station Deployment Plans
    • 6.2.8 Comparison between Several Facilities for Re-Energizing Batteries
    • 6.2.9 Comparison between Different Refueling Options in India

Chapter 7. India EV Battery Swapping Market Size and Forecast

  • 7.1 By Vehicle Type
  • 7.2 By Service Type

Chapter 8. Electric Two-Wheeler Market Size and Forecast

  • 8.1 Electric Two-Wheeler Market Overview
    • 8.1.1 Electric Two-Wheeler Market Size, by Application
    • 8.1.2 Electric Two-Wheeler Market Size, by State
  • 8.2 Electric Two-Wheeler Battery Swapping Market Overview
    • 8.2.1 Electric Two-Wheeler Battery Swapping Market, by Service Type

Chapter 9. Electric Three-Wheeler Market Size and Forecast

  • 9.1 Electric Three-Wheeler Market Overview
    • 9.1.1 Electric Three-Wheeler Market Size, by Vehicle Type
    • 9.1.2 Electric Three-Wheeler Market Size, by State
  • 9.2 Electric Three-Wheeler Battery Swapping Market Overview
    • 9.2.1 Electric Three-Wheeler Battery Swapping Market, by Service Type

Chapter 10. Electric Commercial Vehicle Market Size and Forecast

  • 10.1 Electric Commercial Vehicle Market Overview
    • 10.1.1 Electric Commercial Vehicle Market Size, by Vehicle Type
  • 10.2 Electric Commercial Vehicle Battery Swapping Market Overview
    • 10.2.1 Electric Commercial Vehicle Battery Swapping Market, by Service Type

Chapter 11. Competitive Landscape

  • 11.1 List of Key Players and Their Offerings
  • 11.2 Competitive Benchmarking of Key Players
  • 11.3 Strategic Developments of Key Players
    • 11.3.1 Product Launches
    • 11.3.2 Partnerships
    • 11.3.3 Investments
    • 11.3.4 Other Developments

Chapter 12. Company Profiles

  • 12.1 SUN Mobility Pvt. Ltd.
    • 12.1.1 Business Overview
    • 12.1.2 Product and Service Offerings
  • 12.2 Lithion Power Pvt. Ltd.
    • 12.2.1 Business Overview
    • 12.2.2 Product and Service Offerings
  • 12.3 Ola Electric Mobility Pvt. Ltd.
    • 12.3.1 Business Overview
    • 12.3.2 Product and Service Offerings
  • 12.4 Exicom Tele-Systems Ltd.
    • 12.4.1 Business Overview
    • 12.4.2 Product and Service Offerings
  • 12.5 Twenty Two Motors Pvt. Ltd. (22KYMCO)
    • 12.5.1 Business Overview
    • 12.5.2 Product and Service Offerings
  • 12.6 Panasonic India Pvt. Ltd.
    • 12.6.1 Business Overview
    • 12.6.2 Product and Service Offerings

Chapter 13. Appendix

  • 13.1 Abbreviations
  • 13.2 Sources and References
  • 13.3 Related Reports

List of Tables

  • TABLE 1 ANALYSIS PERIOD OF THE STUDY
  • TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 4 EV SALES IN INDIA, IN UNITS (2016-2019)
  • TABLE 5 MAJOR EV MANUFACTURERS IN INDIA
  • TABLE 6 STATE-LEVEL POLICIES TO PROMOTE EV ADOPTION
  • TABLE 7 INDIA EV CHARGING STATION MARKET, BY TYPE, UNITS (2018-2025)
  • TABLE 8 CHARGING STATION DEPLOYMENT PLAN
  • TABLE 9 PROS AND CONS OF EV-S, EV-F, AND EV-RE
  • TABLE 10 COMPARISON OF REFUELING OPTIONS
  • TABLE 11 INDIA EV BATTERY SWAPPING MARKET, BY VEHICLE TYPE, USD THOUSAND (2020-2030)
  • TABLE 12 INDIA EV BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • TABLE 13 ELECTRIC TWO-WHEELER MARKET, BY APPLICATION, UNITS (2018-2025)
  • TABLE 14 ELECTRIC TWO-WHEELER MARKET, BY STATE, UNITS (2018-2025)
  • TABLE 15 ELECTRIC TWO-WHEELER BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • TABLE 16 ELECTRIC THREE-WHEELER MARKET, BY VEHICLE TYPE, THOUSAND UNITS (2018-2025)
  • TABLE 17 ELECTRIC THREE-WHEELER MARKET, BY STATE, THOUSAND UNITS (2018-2025)
  • TABLE 18 ELECTRIC THREE-WHEELER BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • TABLE 19 ELECTRIC COMMERCIAL VEHICLE MARKET, BY VEHICLE TYPE, UNITS (2018-2025)
  • TABLE 20 ELECTRIC COMMERCIAL VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • TABLE 21 LIST OF KEY PLAYERS AND THEIR OFFERINGS
  • TABLE 22 COMPETITIVE BENCHMARKING OF KEY PLAYERS (2019)
  • TABLE 23 SUN MOBILITY PVT. LTD. - AT A GLANCE
  • TABLE 24 LITHION POWER PVT. LTD. - AT A GLANCE
  • TABLE 25 OLA ELECTRIC MOBILITY PVT. LTD. - AT A GLANCE
  • TABLE 26 EXICOM TELE-SYSTEMS LTD. - AT A GLANCE
  • TABLE 27 TWENTY TWO MOTORS PVT. LTD. - AT A GLANCE
  • TABLE 28 PANASONIC INDIA PVT. LTD. - AT A GLANCE

List of Figures

  • FIG 1 RESEARCH SCOPE
  • FIG 2 RESEARCH METHODOLOGY
  • FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
  • FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
  • FIG 5 DATA TRIANGULATION APPROACH
  • FIG 6 INDIA EV BATTERY SWAPPING MARKET SUMMARY
  • FIG 7 VALUE CHAIN ANALYSIS
  • FIG 8 BARGAINING POWER OF BUYERS
  • FIG 9 BARGAINING POWER OF SUPPLIERS
  • FIG 10 THREAT OF NEW ENTRANTS
  • FIG 11 INTENSITY OF RIVALRY
  • FIG 12 THREAT OF SUBSTITUTES
  • FIG 13 TESLA INC. CASE STUDY
  • FIG 14 BETTER PLACE INC. CASE STUDY
  • FIG 15 GOGORO INC. CASE STUDY
  • FIG 16 POWERSWAP AB CASE STUDY
  • FIG 17 ADVANCED LITHIUM ELECTROCHEMISTRY (CAYMAN) CO. LTD. (ALEEES) AB CASE STUDY
  • FIG 18 INDIA EV BATTERY SWAPPING MARKET, BY VEHICLE TYPE, USD THOUSAND (2020-2030)
  • FIG 19 INDIA EV BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • FIG 20 ELECTRIC TWO-WHEELER BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • FIG 21 ELECTRIC THREE-WHEELER BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
  • FIG 22 ELECTRIC COMMERCIAL VEHICLE BATTERY SWAPPING MARKET, BY SERVICE TYPE, USD THOUSAND (2020-2030)
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