Battery as a Service Market worth $14.45 billion in 2035
The global battery as a service industry is projected to grow from USD 0.66 billion in 2024 to USD 14.45 billion by 2035 at a CAGR of 32.4% during the forecast period. The growth of the market is primarily driven by the increasing demand for EVs with low upfront costs, along with the rising acceptance of EVs, particularly in cost-sensitive markets like India and China, where consumers prefer affordable...
Battery as a Service Market Size, Share, Analysis & Forecast 2035
The global battery as a service market is projected to reach from USD 0.66 Billion in 2024 to USD 14.45 Billion in 2035, at a CAGR of 32.4%.
The battery as a service market is gaining momentum due to the increasing adoption of EVs, as part of the global shift toward sustainable transportation. Additionally, government policies, such as subsidies and tax incentives, are encouraging the development...