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Battery Leasing Service Market Trends

Report ID: GMI5219
Published Date: Aug 2023
Report Format: PDF

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Battery Leasing Service Market Trends

The rising awareness about climate change is accelerating the interest in sustainable transportation solutions. This is significantly boosting the demand for battery based EVs. Consequently, the market is witnessing substantial growth as consumers seek economical ways to embrace EVs while addressing concerns about battery ownership costs. This aligns with the larger goal of reducing carbon emissions and creating a greener future.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of battery leasing service crossed USD 132.4 million in 2022 and may record 31.5% CAGR through 2032, due to the presence of well-established automotive sector worldwide.

The lithium-ion battery type segment held 86.7% of the battery leasing service market share in 2022 and is estimated to grow by 2032, due to higher deployment in EVs to provide safety & protection to consumers.

Asia Pacific battery leasing service industry size exceeded USD 50 million in 2022, driven by the rising promotion of green technology by federal institutions for delivering better public administration through the integration of low carbon emission technologies.

Bounce Infinity, Contemporary Amperex Technology Co., Ltd., E-ChargeUp Solutions Private Limited, Esmito Solutions Private Limited, Gogoro Inc., Lithion Power Private Limited, NIO NextEV Limited, are Octillion Power Systems some of the leading market players. ?