Global Battery Market for E-scooters 2016-2020
E-bikes and E-scooters are different from each other. E-bikes have traditional bicycle designs, but they include a battery pack, controller, and an electric hub motor on the front wheel, rear wheel, or both wheels, and they have pedals. On the other hand, E-scooters look like traditional liquid fuel powered scooters, the only difference being that E-scooters are not equipped with a pedal, and the output voltage is higher than e-bikes.
Technavio’s analysts forecast the global battery market for e-scooters to grow at a CAGR of 0.21% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery market for e-scooters for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for batteries for e-scooters for its application by end-users in each region and their corresponding key countries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Battery Market for E-Scooters 2016-2020
Technavio recognizes the following companies as the key players in the global battery market for e-scooters: Kingbopower Technology, Shenzhen OptimumNano Energy, Samsung SDI, Shenzhen Believe Technology, and Sunbright Power.
Other Prominent Vendors in the market are: Jinhua longtime power, Kaiying Power Supply & Electrical Equip, Melsen power technology, and Telong Energy Technology.
Commenting on the report, an analyst from Technavio’s team said: “Increased demand from China will be a key trend for market growth. A large portion of Lithium iron phosphate battery consumption is attributed to China. The reason for this high demand is the significant increase in the use of battery-operated vehicles in the country. Growth in the use of Lithium iron phosphate batteries is due to the expected long-term development in the electric vehicle sector to reduce carbon emissions and support alternative fuel sources. Around 12,500 tons of Lithium iron phosphate was sold globally in 2014, and it was mainly sold to China, which almost accounted for 75% of the total Lithium iron phosphate sold globally. This was mainly because Chinese electric vehicle enterprises adopted to Lithium iron phosphate as power batteries of cathode materials.”
According to the report, increase in renewable power generation will be a key driver for market growth. The growing population and depletion of fossil fuel reserves have raised concern about the focus on renewable energy production. Also, the integration of renewable energy resources with power grid networks has increased worldwide. The growing importance of renewable energy in addressing climate change and improving energy conservation has driven industry growth in recent years. The intermittent nature of renewable energy resources has also been a major cause for concern in the market. Wind power and solar power are the two widely used energy sources for renewable electricity generation. Because of its intermittent nature, generated power is stored in the battery for later use. Thus, the efficiency of the battery is more important to mitigate the increase in electricity losses.
Further, the report states that the infrastructure needed to charge electric scooters is inadequate. This is a major challenge for end-users of electric scooters. Over the last 5 to 6 years, the adoption of electric scooters has been steady, but inadequate charging facilities are deterring the growth of the global market.
Kingbopower Technology, Shenzhen OptimumNano Energy, Samsung SDI, Shenzhen Believe Technology, Sunbright Power, Jinhua longtime power, Kaiying Power Supply & Electrical Equip, Melsen power technology, and Telong Energy Technology.
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