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Growth Opportunities in the BaaS Market, 2024–2030

Publisher Frost & Sullivan
Published Dec 19, 2024
SKU # MC19450775

Description

Growth Opportunities in the BaaS Market, 2024–2030


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.

Table of Contents

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
Growth Opportunity 3: EV Battery Second Life and Recycling (continued)
Next Steps
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer

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