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Global Electric Vehicle Battery Swapping Market to Grow at a CAGR of 26.1% during Forecast Period | BlueWeave Consulting

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New Delhi, Sept. 21, 2022 (GLOBE NEWSWIRE) — Global Electric Vehicle Battery Swapping Market is growing at a high CAGR because of the increased demand for electric vehicles due to sky rocketing fuel prices, environmental issues and increased vehicle efficiency. The battery-as-a-service model has reduced time for charging electric vehicles, which is fueling the growth of the global electric vehicle battery swapping market. Moreover, the novel technological developments in this area are also expected to drive the growth of the market…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Electric Vehicle Battery Swapping Market was worth USD 126.2 million in the year 2021. The market is projected to grow at a CAGR of 26.1%, earning revenues of around USD 621.0 million by the end of 2028. The global electric vehicle battery swapping market is booming because of the increase in demand for electric vehicles. This is due to consumer demand for increased vehicle efficiency, high fuel prices, and increased awareness of environmental issues like global warming and high carbon emissions. The novel technological advancements such as artificial intelligence, GPS tracking, the Internet of Things, and facial recognition is improving the customer experience in this market. The reduced time for charging these electric vehicles, coupled with the introduction of the battery-as-a-service model, is also driving the growth of the global electric vehicle battery swapping market during the forecast period 2022-2028.

Reduced Time for Electric Vehicle Charging to Drive the Market Growth

The charging time is an important aspect of the functioning of electric vehicles. Most electric vehicles employ a slow charging system to recharge a battery, which usually takes 6-10 hours for a full charge. The onboard chargers of two-wheelers charge the battery in less than an hour, whereas four-wheelers take up to 5-6 hours. Due to the range anxiety of electric vehicle owners and the long charging time, the demand for battery swapping services for electric vehicles has bolstered. Various battery swapping stations have been set up due to a lack of suitable public charging facilities and lack of standardization of charging infrastructure. At these battery swapping stations, electric vehicle owners can simply swap their discharged batteries with fully charged ones in about 10 minutes. This reduced time for electric vehicle charging is expected to bolster the growth of the electric vehicle battery swapping market in the forecast period.

 

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Challenge: Depreciation of Old Batteries

The value of electric vehicles depreciates over time. The life expectancy of most EV batteries is 15-20 years within the car. The performance can depreciate due to natural aging and operation in rigid environments. Moreover, the value of the old batteries will depreciate substantially when a new generation of batteries is launched in the market. As electric vehicle battery technology is evolving, it is expected that the world will see cheaper, smaller, lighter batteries that will take longer life.

Global Electric Vehicle Battery Swapping Market – Regional Insights

Based on regions, the global electric vehicle battery swapping market has been segmented into five categories- North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Amidst the segmentation, Asia-Pacific dominated the global electric vehicle battery swapping market share in 2021 due to the low cost per swap, increased affordability, introduction of more battery leasing solutions, and ease of use. On the other hand, Europe is estimated to grow at the highest rate due to the increased adoption of electric mobility and several gigafactories planned to be commissioned during the forecast period.

Please Visit the Press Release: https://www.blueweaveconsulting.com/press-release/global-electric-vehicle-battery-swapping-market-to-grow-at-a-cagr-of-26-1-during-forecast-period

Impact of COVID-19 on Global Electric Vehicle Battery Swapping Market

Like the majority of the industries, the global electric vehicle battery swapping market was negatively impacted during the Covid-19 pandemic as the overall demand for vehicles fell. People were urged to stay indoors and travel only in case of emergencies. The global automotive industry was significantly impacted during the Covid-19 pandemic. Due to worldwide lockdowns, the global economy drastically fell. The business of the key market players was severely affected as the sales fell down. However, this time was used advantageously by the companies to get a solid understanding of changing landscape and update their strategies. Post Covid-19 pandemic, the world saw an increase in acceptance of electric vehicles and the installation of more electric vehicle battery swapping stations.

Competitive Landscape

Amara Raja Batteries Limited, Amplify Cleantech Solutions Private Limited, Chargemygaadi, Echargeup Solutions Pvt. Ltd., Esmito Solutions Pvt. Ltd., Gogoro Inc., Lithion Power Pvt. Ltd., Nio Inc., Numocity Technologies Pvt. Ltd., Oyika, Leo Motors Inc., Tesla Inc., SUN Mobility Pvt. Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd., Panasonic Corporation, Revolt Motors, and TATA Power are the key players operating in global electric vehicle battery swapping market. Other than collaborations, mergers, and partnerships, product diversification and facility expansion are the most important strategies taken up by these companies. For example, NIO Power has decided to further expand its charging and swapping network in Shanghai, China. From 2022 to 2025, NIO commits to installing 600 new battery swap stations in China. Moreover, by the end of 2025, NIO plans to have more than 4,000 NIO battery swap stations worldwide.

Don’t miss the business opportunity in the global electric vehicle battery swapping market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global electric vehicle battery swapping market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Electric Vehicle Battery Swapping market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Recent Developments

  • In April 2021, Nio partnered with Sinopec to launch the Nio Power Swap Station 2.0 at Sinopec’s Chaoying Station in China.
  • In February 2021, Tesla launched a battery swapping station in California to facilitate quick swapping of drained vehicle batteries with fully charged ones. This reduced the dependency of electric vehicle owners on fast-charging stations.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Estimated Year – 2022
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, The Netherlands, Belgium, NORDIC Countries, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, Iran, South Africa, Nigeria, Kenya, Egypt, Morocco, Algeria, Rest of Middle East & Africa)
Product Service/Segmentation By Service Type, By Vehicle Type, By Region
Key Players Amara Raja Batteries Limited, Amplify Cleantech Solutions Private Limited, Chargemygaadi, Echargeup Solutions Pvt. Ltd., Esmito Solutions Pvt. Ltd., Gogoro Inc., Lithion Power Pvt. Ltd., Nio Inc., Numocity Technologies Pvt. Ltd., Oyika, Leo Motors Inc., Tesla Inc., SUN Mobility Pvt. Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd., Panasonic Corporation, Revolt Motors, TATA Power, and other prominent companies

By Service Type

  • Pay-per-Use
  • Subscription

By Vehicle Type

  • Two-Wheeler
  • Three-Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

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About Us 

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

[email protected]
https://www.blueweaveconsulting.com/

https://www.linkedin.com/company/blueweaveconsulting/

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.

“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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RepTrak Announces 2024 Global RepTrak® 100 Report

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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.

After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence

Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost

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SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.

“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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