The Electric Scooter Battery Market Size was assessed at USD 3.38 billion in 2023 and is predicted to reach USD 15.56 billion by 2031, growing at a 21% CAGR from 2024 to 2031.
An electric scooter battery is a power storage unit that supplies voltage (power) to the DC motor, controller, lights, and other scooter components. It consists of individual cells and electronics known as a battery management system, which ensures its safety, high energy density, and endurance. Prices for crude oil-based products are determined by oil merchants, present oil supply, and future supply and demand. These characteristics make fossil fuels an extremely volatile commodity. Due to severe volatility in gasoline prices, there is a quick shift toward battery-powered lightweight electric vehicles. Furthermore, it provides relatively economical last-mile transportation, lower maintenance costs, and improved comfort and safety as compared to cars powered by fossil fuels. These factors are projected to fuel the expansion of the electric scooter battery market.
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On the contrary, significant growth in the transportation sector requires a lot of fuel, which contributes to pollution and global warming. To promote the usage of clean and energy-efficient automobiles, a lightweight lithium-ion (Li-ion) battery is utilized to supply electricity to the motor. It offers higher energy densities than conventional batteries, and its tiny size makes it ideal for usage in electric scooters. Furthermore, it uses lightweight lithium for the electrode rather than heavier graphite, which improves the mileage of electric scooters by reducing overall weight. Furthermore, increased competition among main electric scooter producers has pushed them to focus on using lightweight lithium-ion batteries to provide economical and last-mile mobility. This aspect is expected to create new opportunities in the Market
The Asia-Pacific electric scooter battery market is expected to develop at the fastest CAGR of 21.7% throughout the forecast period, accounting for 97.2% of the total electric scooter battery market share in 2020. The growing youth population and spending power of middle-class populations in countries such as China, India, and others are likely to drive up electric scooter sales, potentially leading to a large increase in demand for electric scooter batteries. Furthermore, increased environmental awareness among buyers may assist to the growth of the Asia-Pacific electric scooter battery market.
Top Key companies of Electric Scooter Battery Market
-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.
Market Segmentation
By Battery Type:
-Lithium-ion (Li-ion)
-Lead Acid
-Nickel Metal Hydride Battery (NiMH)
By Capacity:
-100 – 500 W
-500 – 1000 W
-1000 – 1500 W
-1500 – 2000 W
-2000 W & Above
By Application:
-Personal Use
-Scooter Sharing
-Commercial Use
The Electric Scooter Battery Market report represents gathered information about a market within an industry or various industries. The Electric Scooter Battery Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report extending from 2024 to 2031. The report is prepared to take into consideration various factors such as Product pricing, Product or services penetration at both country and regional levels, Country GDP, market dynamics of parent market & child markets, End application industries, major players, consumer buying behavior, economic, political, social scenarios of countries, many others. The report is divided into various segments to offer a detailed analysis of the market from every possible aspect of the market.
The overall report focuses on primary sections such as market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.
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