BUSINESS: Global Electric Scooter Battery Markets Report 2020: Emergence Of Lightweight Lithium-Ion (Liion) Batteries To Create New Opportunities

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

Dublin, Nov. 24, 2021 (GLOBE NEWSWIRE) — The “Electric Scooter Battery Market by Product Type, Capacity: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The global electric scooter battery market was valued at $1.0 billion in 2020, and is projected to reach $7.3 billion by 2030, growing at a CAGR of 21.6% from 2021 to 2030. An electric scooter battery is a storage unit that supplies voltage (power) for the controller, motor and lights. The battery management system, which is composed of individual cells and electronic components, keeps the scooter running safely and with high energy density. It also provides long-lasting power.

Growth of the global electric scooter battery market is driven by increasing vehicle charging infrastructure in developed economies and escalating fuel prices. Because of zero carbon emissions, low operating costs and maintenance costs, lightweight electric vehicles are becoming more popular.

Moreover, significant fiscal incentives spurred the uptake of light-duty electric vehicles; thus scaled up the growth of electronic vehicles and battery industries. Both the government and major manufacturing companies have invested in charging infrastructure to offer customers efficient and advanced charging options.

According to a report by International Energy Agency, (IEA), governments from countries like China, the U.S. and Switzerland have supported electronic vehicle charging infrastructure with measures such as direct investments to make charging stations public or incentives to EV owners to charge their cars at home.

This may encourage customers to use electric scooters more regularly, which may in turn increase the market for electric scooters over the forecast period. The rapid growth of the transportation sector requires a lot fuel, which increases pollution and causes global warming. The motor is supplied with voltage by a lightweight lithium-ion (Liion) battery to promote clean, efficient vehicles. It is more energy dense than other batteries, and it has a smaller size that makes it ideal for electric scooters. It uses lightweight lithium instead of heavier graphite for its electrode, which increases the electric scooter’s mileage and reduces their overall weight.

Moreover, rising completion among key manufacturers of electric scooters has made them more linear toward using the lightweight lithium-ion battery for providing affordable and last-mile transportation. This will increase sales of lightweight lithium-ion scooter batteries and create remuneration opportunities for the market.

Market dynamics

Drivers

Growing electrical vehicle infrastructure across various economies
Increasing fuel prices

Restraint

Potential threat associated with improper discarding of sealed lead acid batteries (SLA)

Opportunity

Emergence of lightweight lithium-ion (Li-ion) battery to open up new opportunities

The global electric scooter battery market profiles leading players that include

Contemporary Amperex Technology Co. Ltd.
Dande Renewable Energy Pvt. Ltd.
Hunan CTS Technology Co. Ltd.
LG Energy Solution
Maxvolt Energy
Pastiche Energy Solutions
Pure EV
Samsung SDI Co. Ltd.
SmartPropel Lithium Battery
Xupai Battery Inc.

Key market segments

By Product Type

Lithium-ion (Li-ion)
Lithium iron phosphate battery (LFP)
Lithium Polymer (LiPo)
Sealed Lead Acid Battery (SLA)
Nickel Metal Hydride Battery (NiMH)

By Capacity

100 – 500 Wh
500 – 1000 Wh
1000 – 1500 Wh
1500 – 2000 Wh
2000 Wh & Above

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

For more information about this report visit https://www.researchandmarkets.com/r/f7xwi5

dWeb.NewsRead More

Similar Posts