Market Overview:
The global battery-as-a-service (BaaS) market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Battery-as-a-Service (BaaS) allows individuals to lease batteries as a distinct component of the vehicle, which helps the electric vehicle (EV) owner save on purchase costs and address shorter range issues. It also provides battery swapping options wherein the discharged battery can be replaced with a fully charged one. As compared to charging the battery at a station, it is less time-consuming and requires minimum infrastructure. At present, there is a rise in the adoption of battery-as-a-service to overcome the challenges of electric vehicles (EVs), such as high battery cost and longer battery charging time, which is catalyzing the demand for BaaS across the globe.
Battery-as-a-Service (BaaS) Market Trends:
The growing utilization of BaaS for buying the vehicle shell outright and agreeing to pay only the rental fees for the batteries represents one of the key factors driving the market. In addition, leasing and renting batteries provide several benefits, such as free replacement, a timely assessment of residual battery values by the service provider, and assistance from service providers in the event of a breakdown. This, along with increasing investments in the automotive sector, is propelling the growth of the market. Moreover, governments of several countries are undertaking initiatives to reduce subsidies on vehicle purchases to lower the price gap. In line with this, they are focusing on promoting the use of battery-based electric vehicles (EVs) due to the growing concerns about climatic changes around the world. Besides this, the rising investments by leading automotive original equipment manufacturers (OEMs) to secure the battery supply chains for future electric vehicles (EVs) are positively influencing the market. Apart from this, reducing prices of lithium-ion batteries and rising research and development (R&D) activities are bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global battery-as-a-service (BaaS) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, service and application.
Breakup by Type:
- Stationary Equipment
- Mobile Equipment
Breakup by Service:
- Vehicle-Battery Separation
- Battery Subscription
- Chargeable
- Swappable and Upgradable Batteries
Breakup by Application:
- Automotive and Transport
- Energy
- Industrial
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Clean Energy Global GmbH, Contemporary Amperex Technology Co. Ltd., Epiroc AB, Global Technology Systems Inc., Hyundai Motor Company, Nio and Octillion Power Systems Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Type, Service, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Clean Energy Global GmbH, Contemporary Amperex Technology Co. Ltd., Epiroc AB, Global Technology Systems Inc., Hyundai Motor Company, Nio and Octillion Power Systems Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global battery-as-a-service (BaaS) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global battery-as-a-service (BaaS) market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global battery-as-a-service (BaaS) market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Battery-as-a-Service (BaaS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Stationary Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mobile Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service
7.1 Vehicle-Battery Separation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Battery Subscription
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chargeable
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Swappable and Upgradable Batteries
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Automotive and Transport
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Energy
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Clean Energy Global GmbH
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Contemporary Amperex Technology Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Epiroc AB
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Global Technology Systems Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Hyundai Motor Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Nio
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Octillion Power Systems Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
List of Figures
Figure 1: Global: Battery-as-a-Service Market: Major Drivers and Challenges
Figure 2: Global: Battery-as-a-Service Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Battery-as-a-Service Market: Breakup by Type (in %), 2021
Figure 5: Global: Battery-as-a-Service Market: Breakup by Service (in %), 2021
Figure 6: Global: Battery-as-a-Service Market: Breakup by Application (in %), 2021
Figure 7: Global: Battery-as-a-Service Market: Breakup by Region (in %), 2021
Figure 8: Global: Battery-as-a-Service (Stationary Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Battery-as-a-Service (Stationary Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Battery-as-a-Service (Mobile Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Battery-as-a-Service (Mobile Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Battery-as-a-Service (Vehicle-Battery Separation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Battery-as-a-Service (Vehicle-Battery Separation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Battery-as-a-Service (Battery Subscription) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Battery-as-a-Service (Battery Subscription) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Battery-as-a-Service (Chargeable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Battery-as-a-Service (Chargeable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Battery-as-a-Service (Swappable and Upgradable Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Battery-as-a-Service (Swappable and Upgradable Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Battery-as-a-Service (Automotive and Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Battery-as-a-Service (Automotive and Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Battery-as-a-Service (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Battery-as-a-Service (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Battery-as-a-Service (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Battery-as-a-Service (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Battery-as-a-Service (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Battery-as-a-Service (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Battery-as-a-Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Battery-as-a-Service Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Battery-as-a-Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Battery-as-a-Service Industry: SWOT Analysis
Figure 78: Global: Battery-as-a-Service Industry: Value Chain Analysis
Figure 79: Global: Battery-as-a-Service Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Battery-as-a-Service Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Battery-as-a-Service Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Battery-as-a-Service Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 4: Global: Battery-as-a-Service Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Battery-as-a-Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Battery-as-a-Service Market: Competitive Structure
Table 7: Global: Battery-as-a-Service Market: Key Players