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Market research analysts at Technavio have predicted that the global battery market for E-scooters will grow steadily during the forecast period and post a revenue of about USD 631 million by 2020. The constant increase in the demand for electricity and the depletion of fossil fuels have encouraged countries across the globe to focus more on the generation of electricity through renewable energy sources. Renewable energy also has a positive impact on the climatic change, which will lead to the integration of renewable energy resources with power grid networks. The intermittent nature of renewable energy demands the need for energy storage. Moreover, as the power generated from renewable resources comes at a much lower cost, e-scooter consumers will be able to charge their vehicles at minimal costs. This will, in turn, drive the adoption of e-scooters in the coming years and will be one of the primary factors propelling the growth of the e-scooter battery market.
In addition to their environmental-friendly benefits, electric scooters have additional advantages such as no requirement for a license, registration, and road tax. This will further increase the demand for e-scooters and will subsequently lead to the rise in the growth of the electric scooter battery market. Though electric scooters that can run at speeds of more than 35mph need license and registration to be ridden, negligible emissions and minimum operating costs will fuel their demand.
The market is currently marked by the presence of highly competitive vendors that compete on the basis of factors like brand recognition, product quality, reliability, durability, energy density, and product pricing. The market is expected to evolve during the coming years, and since the global and well-established e-scooter battery manufacturers offer better products at a competitive price, they will have a competitive advantage over existing small vendors and new vendors. China and Europe are currently the leading markets in the world for the electric two-wheeler market where China accounts for about 90% of the market shares.
The leading vendors in the market are -
The other prominent vendors in the market are Jinhua longtime power, Kaiying Power Supply & Electrical Equip, Melsen power technology, and Telong Energy Technology.
Owing to their reasonable price, lead-acid batteries are the most-preferred source of alternative energy storage by electronic vehicle manufacturers. The increasing demand for e-scooters from the developing countries such as China will drive the growth of this market segment. The report estimates that the demand for lead-acid batteries will continue to exist during the forecast period and this market segment will dominate the market throughout the forecast period and will also account for about 59% of the total market shares by 2020.
This market study estimates that in terms of geography, APAC will dominate the industry throughout the predicted period and will account for about 82% shares of the global battery market for e-scooters by 2020. This region is currently the largest market for e-scooters and China is the major contributor to the market. The presence of several battery manufacturers due to the availability of cost-effective raw material and labor in China will result in the reduction of battery prices, which will further fuel the market’s growth prospects during the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by battery
PART 07: Market segmentation by geography
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Key leading countries
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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