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Global Battery as a Service (BaaS) Market Research Report 2024

Published Date: 2024-04-03   |   Pages: 63   |   Tables: 118   |  New Technology

Providing comprehensive services enabled by vehicle-battery separation, battery subscription and the chargeable, swappable and upgradable batteries, NIO BaaS is a breakthrough innovation in both technology and business model.


The global Battery as a Service (BaaS) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.


North American market for Battery as a Service (BaaS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.


Asia-Pacific market for Battery as a Service (BaaS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.


The global market for Battery as a Service (BaaS) in Automotive and Transport is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.


The major global companies of Battery as a Service (BaaS) include Epiroc, NIO, Global Technology Systems, Inc. (GTS) and Rock Clean Energy, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.


This report aims to provide a comprehensive presentation of the global market for Battery as a Service (BaaS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery as a Service (BaaS).


Report Scope


The Battery as a Service (BaaS) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Battery as a Service (BaaS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.


For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.


The report will help the Battery as a Service (BaaS) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.


Market Segmentation


By Company


Epiroc


NIO


Global Technology Systems, Inc. (GTS)


Rock Clean Energy


Segment by Type


Mobile Equipment


Stationary Equipment


Segment by Application


Automotive and Transport


Energy


Industrial


Others


By Region


North America


United States


Canada


Europe


Germany


France


UK


Italy


Russia


Nordic Countries


Rest of Europe


Asia-Pacific


China


Japan


South Korea


Southeast Asia


India


Australia


Rest of Asia


Latin America


Mexico


Brazil


Rest of Latin America


Middle East & Africa


Turkey


Saudi Arabia


UAE


Rest of MEA


Chapter Outline


Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.


Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.


Chapter 3: Detailed analysis of Battery as a Service (BaaS) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.


Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.


Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.


Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.


Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.


Chapter 12: The main points and conclusions of the report.


Research Methodology

The research methodology employed has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of our company. Our methodology can be divided into five stages:


Stage 1 SECONDARY RESEARCH

The research team first collaborates with magazines, trade associations and administrative departments in the research field. The information provided by our internal documentation service is helpful for our further research. Our team has a wealth of experience and knowledge, and can effectively extract accurate information from existing resources.

 

Stage 2 PRIMARY RESEARCH:INTERVIEWS WITH TRADE SOURCES

After the first stage, the research team conducts a large number of face-to-face or telephone interviews with representative companies working in the research field. Analysts are trying to have an opportunity to talk to leading companies and small companies in the field. Upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers were included in the interview. The data collected during the interview were then carefully examined and compared with the secondary study.

 

Stage 3 ANALYSIS OF THE GATHERED DATA

The analysis team examines and synthesizes the data collected in the first two stages. In order to validate the data, a second round of interviews can be conducted.

 

Stage 4 QUANTITATIVE DATA

The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by our company. The data is based on the estimates obtained during stage 3.

 

Stage 5 QUALITY CONTROL

Before publishing, each report undergoes a rigorous review and editing process, which is done by the experience management team to ensure the reliability of the published data. Every analyst on the research team receives support and continuous training as part of our internal quality process.

 

1 Report Overview


1.1 Study Scope


1.2 Market Analysis by Type


1.2.1 Global Battery as a Service (BaaS) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030


1.2.2 Mobile Equipment


1.2.3 Stationary Equipment


1.3 Market by Application


1.3.1 Global Battery as a Service (BaaS) Market Growth by Application: 2019 VS 2023 VS 2030


1.3.2 Automotive and Transport


1.3.3 Energy


1.3.4 Industrial


1.3.5 Others


1.4 Study Objectives


1.5 Years Considered


1.6 Years Considered


2 Global Growth Trends


2.1 Global Battery as a Service (BaaS) Market Perspective (2019-2030)


2.2 Battery as a Service (BaaS) Growth Trends by Region


2.2.1 Global Battery as a Service (BaaS) Market Size by Region: 2019 VS 2023 VS 2030


2.2.2 Battery as a Service (BaaS) Historic Market Size by Region (2019-2024)


2.2.3 Battery as a Service (BaaS) Forecasted Market Size by Region (2025-2030)


2.3 Battery as a Service (BaaS) Market Dynamics


2.3.1 Battery as a Service (BaaS) Industry Trends


2.3.2 Battery as a Service (BaaS) Market Drivers


2.3.3 Battery as a Service (BaaS) Market Challenges


2.3.4 Battery as a Service (BaaS) Market Restraints


3 Competition Landscape by Key Players


3.1 Global Top Battery as a Service (BaaS) Players by Revenue


3.1.1 Global Top Battery as a Service (BaaS) Players by Revenue (2019-2024)


3.1.2 Global Battery as a Service (BaaS) Revenue Market Share by Players (2019-2024)


3.2 Global Battery as a Service (BaaS) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)


3.3 Players Covered: Ranking by Battery as a Service (BaaS) Revenue


3.4 Global Battery as a Service (BaaS) Market Concentration Ratio


3.4.1 Global Battery as a Service (BaaS) Market Concentration Ratio (CR5 and HHI)


3.4.2 Global Top 10 and Top 5 Companies by Battery as a Service (BaaS) Revenue in 2023


3.5 Battery as a Service (BaaS) Key Players Head office and Area Served


3.6 Key Players Battery as a Service (BaaS) Product Solution and Service


3.7 Date of Enter into Battery as a Service (BaaS) Market


3.8 Mergers & Acquisitions, Expansion Plans


4 Battery as a Service (BaaS) Breakdown Data by Type


4.1 Global Battery as a Service (BaaS) Historic Market Size by Type (2019-2024)


4.2 Global Battery as a Service (BaaS) Forecasted Market Size by Type (2025-2030)


5 Battery as a Service (BaaS) Breakdown Data by Application


5.1 Global Battery as a Service (BaaS) Historic Market Size by Application (2019-2024)


5.2 Global Battery as a Service (BaaS) Forecasted Market Size by Application (2025-2030)


6 North America


6.1 North America Battery as a Service (BaaS) Market Size (2019-2030)


6.2 North America Battery as a Service (BaaS) Market Growth Rate by Country: 2019 VS 2023 VS 2030


6.3 North America Battery as a Service (BaaS) Market Size by Country (2019-2024)


6.4 North America Battery as a Service (BaaS) Market Size by Country (2025-2030)


6.5 United States


6.6 Canada


7 Europe


7.1 Europe Battery as a Service (BaaS) Market Size (2019-2030)


7.2 Europe Battery as a Service (BaaS) Market Growth Rate by Country: 2019 VS 2023 VS 2030


7.3 Europe Battery as a Service (BaaS) Market Size by Country (2019-2024)


7.4 Europe Battery as a Service (BaaS) Market Size by Country (2025-2030)


7.5 Germany


7.6 France


7.7 U.K.


7.8 Italy


7.9 Russia


7.10 Nordic Countries


8 Asia-Pacific


8.1 Asia-Pacific Battery as a Service (BaaS) Market Size (2019-2030)


8.2 Asia-Pacific Battery as a Service (BaaS) Market Growth Rate by Region: 2019 VS 2023 VS 2030


8.3 Asia-Pacific Battery as a Service (BaaS) Market Size by Region (2019-2024)


8.4 Asia-Pacific Battery as a Service (BaaS) Market Size by Region (2025-2030)


8.5 China


8.6 Japan


8.7 South Korea


8.8 Southeast Asia


8.9 India


8.10 Australia


9 Latin America


9.1 Latin America Battery as a Service (BaaS) Market Size (2019-2030)


9.2 Latin America Battery as a Service (BaaS) Market Growth Rate by Country: 2019 VS 2023 VS 2030


9.3 Latin America Battery as a Service (BaaS) Market Size by Country (2019-2024)


9.4 Latin America Battery as a Service (BaaS) Market Size by Country (2025-2030)


9.5 Mexico


9.6 Brazil


10 Middle East & Africa


10.1 Middle East & Africa Battery as a Service (BaaS) Market Size (2019-2030)


10.2 Middle East & Africa Battery as a Service (BaaS) Market Growth Rate by Country: 2019 VS 2023 VS 2030


10.3 Middle East & Africa Battery as a Service (BaaS) Market Size by Country (2019-2024)


10.4 Middle East & Africa Battery as a Service (BaaS) Market Size by Country (2025-2030)


10.5 Turkey


10.6 Saudi Arabia


10.7 UAE


11 Key Players Profiles


11.1 Epiroc


11.1.1 Epiroc Company Detail


11.1.2 Epiroc Business Overview


11.1.3 Epiroc Battery as a Service (BaaS) Introduction


11.1.4 Epiroc Revenue in Battery as a Service (BaaS) Business (2019-2024)


11.1.5 Epiroc Recent Development


11.2 NIO


11.2.1 NIO Company Detail


11.2.2 NIO Business Overview


11.2.3 NIO Battery as a Service (BaaS) Introduction


11.2.4 NIO Revenue in Battery as a Service (BaaS) Business (2019-2024)


11.2.5 NIO Recent Development


11.3 Global Technology Systems, Inc. (GTS)


11.3.1 Global Technology Systems, Inc. (GTS) Company Detail


11.3.2 Global Technology Systems, Inc. (GTS) Business Overview


11.3.3 Global Technology Systems, Inc. (GTS) Battery as a Service (BaaS) Introduction


11.3.4 Global Technology Systems, Inc. (GTS) Revenue in Battery as a Service (BaaS) Business (2019-2024)


11.3.5 Global Technology Systems, Inc. (GTS) Recent Development


11.4 Rock Clean Energy


11.4.1 Rock Clean Energy Company Detail


11.4.2 Rock Clean Energy Business Overview


11.4.3 Rock Clean Energy Battery as a Service (BaaS) Introduction


11.4.4 Rock Clean Energy Revenue in Battery as a Service (BaaS) Business (2019-2024)


11.4.5 Rock Clean Energy Recent Development


12 Analyst's Viewpoints/Conclusions


13 Appendix


13.1 Research Methodology


13.1.1 Methodology/Research Approach


13.1.2 Data Source


13.2 Disclaimer


13.3 Author Details


List of Tables


Table 1. Global Battery as a Service (BaaS) Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030


Table 2. Key Players of Mobile Equipment


Table 3. Key Players of Stationary Equipment


Table 4. Global Battery as a Service (BaaS) Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030


Table 5. Global Battery as a Service (BaaS) Market Size by Region (US$ Million): 2019 VS 2023 VS 2030


Table 6. Global Battery as a Service (BaaS) Market Size by Region (2019-2024) & (US$ Million)


Table 7. Global Battery as a Service (BaaS) Market Share by Region (2019-2024)


Table 8. Global Battery as a Service (BaaS) Forecasted Market Size by Region (2025-2030) & (US$ Million)


Table 9. Global Battery as a Service (BaaS) Market Share by Region (2025-2030)


Table 10. Battery as a Service (BaaS) Market Trends


Table 11. Battery as a Service (BaaS) Market Drivers


Table 12. Battery as a Service (BaaS) Market Challenges


Table 13. Battery as a Service (BaaS) Market Restraints


Table 14. Global Battery as a Service (BaaS) Revenue by Players (2019-2024) & (US$ Million)


Table 15. Global Battery as a Service (BaaS) Market Share by Players (2019-2024)


Table 16. Global Top Battery as a Service (BaaS) Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Battery as a Service (BaaS) as of 2023)


Table 17. Ranking of Global Top Battery as a Service (BaaS) Companies by Revenue (US$ Million) in 2023


Table 18. Global 5 Largest Players Market Share by Battery as a Service (BaaS) Revenue (CR5 and HHI) & (2019-2024)


Table 19. Key Players Headquarters and Area Served


Table 20. Key Players Battery as a Service (BaaS) Product Solution and Service


Table 21. Date of Enter into Battery as a Service (BaaS) Market


Table 22. Mergers & Acquisitions, Expansion Plans


Table 23. Global Battery as a Service (BaaS) Market Size by Type (2019-2024) & (US$ Million)


Table 24. Global Battery as a Service (BaaS) Revenue Market Share by Type (2019-2024)


Table 25. Global Battery as a Service (BaaS) Forecasted Market Size by Type (2025-2030) & (US$ Million)


Table 26. Global Battery as a Service (BaaS) Revenue Market Share by Type (2025-2030)


Table 27. Global Battery as a Service (BaaS) Market Size by Application (2019-2024) & (US$ Million)


Table 28. Global Battery as a Service (BaaS) Revenue Market Share by Application (2019-2024)


Table 29. Global Battery as a Service (BaaS) Forecasted Market Size by Application (2025-2030) & (US$ Million)


Table 30. Global Battery as a Service (BaaS) Revenue Market Share by Application (2025-2030)


Table 31. North America Battery as a Service (BaaS) Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030


Table 32. North America Battery as a Service (BaaS) Market Size by Country (2019-2024) & (US$ Million)


Table 33. North America Battery as a Service (BaaS) Market Size by Country (2025-2030) & (US$ Million)


Table 34. Europe Battery as a Service (BaaS) Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030


Table 35. Europe Battery as a Service (BaaS) Market Size by Country (2019-2024) & (US$ Million)


Table 36. Europe Battery as a Service (BaaS) Market Size by Country (2025-2030) & (US$ Million)


Table 37. Asia-Pacific Battery as a Service (BaaS) Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030


Table 38. Asia-Pacific Battery as a Service (BaaS) Market Size by Region (2019-2024) & (US$ Million)


Table 39. Asia-Pacific Battery as a Service (BaaS) Market Size by Region (2025-2030) & (US$ Million)


Table 40. Latin America Battery as a Service (BaaS) Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030


Table 41. Latin America Battery as a Service (BaaS) Market Size by Country (2019-2024) & (US$ Million)


Table 42. Latin America Battery as a Service (BaaS) Market Size by Country (2025-2030) & (US$ Million)


Table 43. Middle East & Africa Battery as a Service (BaaS) Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030


Table 44. Middle East & Africa Battery as a Service (BaaS) Market Size by Country (2019-2024) & (US$ Million)


Table 45. Middle East & Africa Battery as a Service (BaaS) Market Size by Country (2025-2030) & (US$ Million)


Table 46. Epiroc Company Detail


Table 47. Epiroc Business Overview


Table 48. Epiroc Battery as a Service (BaaS) Product


Table 49. Epiroc Revenue in Battery as a Service (BaaS) Business (2019-2024) & (US$ Million)


Table 50. Epiroc Recent Development


Table 51. NIO Company Detail


Table 52. NIO Business Overview


Table 53. NIO Battery as a Service (BaaS) Product


Table 54. NIO Revenue in Battery as a Service (BaaS) Business (2019-2024) & (US$ Million)


Table 55. NIO Recent Development


Table 56. Global Technology Systems, Inc. (GTS) Company Detail


Table 57. Global Technology Systems, Inc. (GTS) Business Overview


Table 58. Global Technology Systems, Inc. (GTS) Battery as a Service (BaaS) Product


Table 59. Global Technology Systems, Inc. (GTS) Revenue in Battery as a Service (BaaS) Business (2019-2024) & (US$ Million)


Table 60. Global Technology Systems, Inc. (GTS) Recent Development


Table 61. Rock Clean Energy Company Detail


Table 62. Rock Clean Energy Business Overview


Table 63. Rock Clean Energy Battery as a Service (BaaS) Product


Table 64. Rock Clean Energy Revenue in Battery as a Service (BaaS) Business (2019-2024) & (US$ Million)


Table 65. Rock Clean Energy Recent Development


Table 66. Research Programs/Design for This Report


Table 67. Key Data Information from Secondary Sources


Table 68. Key Data Information from Primary Sources


List of Figures


Figure 1. Global Battery as a Service (BaaS) Market Size Comparison by Type (2024-2030) & (US$ Million)


Figure 2. Global Battery as a Service (BaaS) Market Share by Type: 2023 VS 2030


Figure 3. Mobile Equipment Features


Figure 4. Stationary Equipment Features


Figure 5. Global Battery as a Service (BaaS) Market Size Comparison by Application (2024-2030) & (US$ Million)


Figure 6. Global Battery as a Service (BaaS) Market Share by Application: 2023 VS 2030


Figure 7. Automotive and Transport Case Studies


Figure 8. Energy Case Studies


Figure 9. Industrial Case Studies


Figure 10. Others Case Studies


Figure 11. Battery as a Service (BaaS) Report Years Considered


Figure 12. Global Battery as a Service (BaaS) Market Size (US$ Million), Year-over-Year: 2019-2030


Figure 13. Global Battery as a Service (BaaS) Market Size, (US$ Million), 2019 VS 2023 VS 2030


Figure 14. Global Battery as a Service (BaaS) Market Share by Region: 2023 VS 2030


Figure 15. Global Battery as a Service (BaaS) Market Share by Players in 2023


Figure 16. Global Top Battery as a Service (BaaS) Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Battery as a Service (BaaS) as of 2023)


Figure 17. The Top 10 and 5 Players Market Share by Battery as a Service (BaaS) Revenue in 2023


Figure 18. North America Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 19. North America Battery as a Service (BaaS) Market Share by Country (2019-2030)


Figure 20. United States Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 21. Canada Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 22. Europe Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 23. Europe Battery as a Service (BaaS) Market Share by Country (2019-2030)


Figure 24. Germany Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 25. France Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 26. U.K. Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 27. Italy Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 28. Russia Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 29. Nordic Countries Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 30. Asia-Pacific Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 31. Asia-Pacific Battery as a Service (BaaS) Market Share by Region (2019-2030)


Figure 32. China Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 33. Japan Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 34. South Korea Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 35. Southeast Asia Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 36. India Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 37. Australia Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 38. Latin America Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 39. Latin America Battery as a Service (BaaS) Market Share by Country (2019-2030)


Figure 40. Mexico Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 41. Brazil Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 42. Middle East & Africa Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 43. Middle East & Africa Battery as a Service (BaaS) Market Share by Country (2019-2030)


Figure 44. Turkey Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 45. Saudi Arabia Battery as a Service (BaaS) Market Size YoY Growth (2019-2030) & (US$ Million)


Figure 46. Epiroc Revenue Growth Rate in Battery as a Service (BaaS) Business (2019-2024)


Figure 47. NIO Revenue Growth Rate in Battery as a Service (BaaS) Business (2019-2024)


Figure 48. Global Technology Systems, Inc. (GTS) Revenue Growth Rate in Battery as a Service (BaaS) Business (2019-2024)


Figure 49. Rock Clean Energy Revenue Growth Rate in Battery as a Service (BaaS) Business (2019-2024)


Figure 50. Bottom-up and Top-down Approaches for This Report


Figure 51. Data Triangulation


Figure 52. Key Executives Interviewed


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