Growth Opportunities in the BaaS Market, 2024-2030

Description

Reduced Upfront Costs and Swapping Time Enabled by BaaS Models Drive Station Installations

Transportation is a major contributor to global carbon dioxide emissions. As a result, governments worldwide are pushing for sustainable transportation. This has led to electric mobility becoming an integral part of daily lives due to the rapid adoption of new energy vehicles.

However, the total cost of owning an electric vehicle (EV) has significantly increased as incentives have recently declined. Major original equipment manufacturers are working to reduce the EV upfront cost through the battery-as-a-service (BaaS) model, which includes battery renting, leasing, and swapping. Battery swapping services, in particular, have gained more interest from the public in recent years and are gaining traction in European markets.

This Frost & Sullivan study focuses on the BaaS market, a complementary solution for EV charging based on the latest industry data, technology advancements, developments, and industry players. Our analysis shows VinFast is the leader in EV battery rental, while Nio leads in EV battery swapping. Acciona leads the battery swapping services for microcars (e.g., Silence S04).

As of 2024, 6 major EV battery swap station players are operating about 3,800 stations globally. Most are in China. Nio, Aulton, Botan, and Acciona are the leading participants in the battery-swapping space. Frost & Sullivan forecasts the EV battery swap station industry to record a 14.6% CAGR between 2024 and 2030 and will likely reach 8,585 EV swap stations by 2030.

The study period is 2024 to 2030, with 2023 as the base year and 2025 to 2030 as the forecast period.

Product Code: MH7A-45

Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Battery-as-a-Service (BaaS) Industry

Current and Future BaaS Trends

Scope of Analysis
Current BaaS Market
Future BaaS Market

BaaS Market Segmentation

Segmentation
Battery Leasing
Battery Rental
Battery Swapping

BaaS Technological Advancements

Technological Advancements

BaaS Ecosystem

BaaS Ecosystem
EV Battery Swap Ecosystem
BaaS Adoption Policies

Growth Opportunity Analysis: EV BaaS Market

Growth Metrics
Growth Drivers
Growth Restraints

EV BaaS Market: Leading Participants

Top Players
Key Players

EV BaaS Market: Operator Profiles

NIO
Ample
Aulton
Botan
ACCIONA
Silence
EVOGO
VinFast

EV BaaS Market: Future Roadmap

EV Battery Swap Stations Market: Future Roadmap

EV BaaS Market: Notable Partnerships

Notable Partnerships

EV Battery Swap Stations: Cost Analysis

Setup Costs of an EV Battery-swap Station

EV BaaS Market: Cost Analysis

Cost Analysis of EV Battery-swapping and EV Charging
Cost and Time Analysis of EV Battery Swapping and EV Charging

EV Battery Swap Station Market: Forecast, 2024-2030

EV Battery-swap Station Forecast: Europe
EV Battery-swap Station Market Size Forecast: Europe
EV Battery-swap Station Forecast: China
EV Battery-swap Station Market Size Forecast: China

EV BaaS Market: Battery Swap Stations, Europe and China, 2024

EV Battery-swap Station Market: Europe
EV Battery-swap Station Market: China

Growth Opportunity Universe

Growth Opportunity 1: Development and Deployment of EV Swap Stations and Innovative Business Models
Growth Opportunity 2: Partnerships, Mergers, and Acquisitions
Growth Opportunity 3: EV Battery Second Life and Recycling

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
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