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 power storage unit used to provide voltage (power) to the DC motor, controller, lights, and other scooter accessories. It is made up of individual cells and electronics called a battery management system that keeps it operating safely with high energy density and longevity.
Growth of the global electric scooter battery market is driven by increasing vehicle charging infrastructure in developed economies and escalating fuel prices. The dependency on lightweight electric vehicles is increasing rapidly owing to zero carbon emission, low operating and maintenance costs, and other factors. Moreover, significant fiscal incentives spurred the uptake of light-duty electric vehicles; thus scaled up the growth of electronic vehicles and battery industries. This has led both government and key manufacturing companies to invest in building charging infrastructure to provide efficient and advanced charging facilities to customers. For instance, according to a report published by International Energy Agency (IEA), the governments of countries such as China, the U.S., Switzerland, and others, have provided support for electronic vehicle charging infrastructure through measures such as direct investment to install publicly accessible chargers or incentives for EV owners to install charging points at home. This may lead the customers to become more linear toward using electric scooters, which in turn may boost the growth of the electric scooters battery market during the forecast period.
However, the sealed lead-acid batteries (SLA) consist of lead and sulfuric acid that if discarded on the ground may contaminate groundwater and may cause a potential threat to both humans and the environment. Exposure to high levels of lead may cause several health-related disorders such as weakness, anemia, kidney failure, and sometimes death. Moreover, sulfuric acid being highly corrosive alters the soil chemistry and may cause toxicity in the subsurface environment. Furthermore, several regulatory bodies such as the United Nations Environment Programme (UNEP), Environmental Protection Agency (EPA), Ministry of Environment and Forests, and others have laid regulations for the use and disposal of lead-acid batteries. This is expected to hamper the growth of the electric scooter battery market during the forecast period.
The rapid growth in the transportation sector uses a lot of fuel that increases pollution and global warming. To promote the use of clean and energy-efficient vehicles lightweight lithium-ion (Li-ion) battery is used to provide voltage to the motor. It has high energy densities than other batteries and a smaller battery size makes it suitable for use in electric scooters. In addition, it uses lightweight lithium for the electrode instead of heavier graphite that enhances the mileage of electric scooters by reducing 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 is anticipated to increase the sales of lightweight lithium-ion electric scooter batteries; thus creating remunerative opportunities for the market.
The global electric scooter battery market analysis is done on the basis of product type, capacity, and region. Depending on product type, the market is divided into Lithium-Ion (Li-ion), Lithium Iron Phosphate (LFP), Lithium Polymer (LiPo), Sealed Lead Acid Battery (SLA), and Nickel Metal Hydride (NiMH). On the basis of capacity, it is fragmented into 100-500 Wh, 500-1000 Wh, 1000-1500 Wh, 1500-2000 Wh, and 2000 Wh & Above. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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, and Xupai Battery Inc.
The global electric scooter battery market report provides in-depth competitive analysis as well as profiles of these major players.
2. Dande Renewable Energy Pvt. Ltd.
3. Hunan CTS Technology Co. Ltd.
4. LG Energy Solution
5. Maxvolt Energy
6. Pastiche Energy Solutions
7. Pure EV
8. Samsung SDI Co. Ltd.
9. SmartPropel Lithium Battery
10. Xupai Battery Inc.
An electric scooter battery is a power storage unit used to provide voltage (power) to the DC motor, controller, lights, and other scooter accessories. It is made up of individual cells and electronics called a battery management system that keeps it operating safely with high energy density and longevity.
Growth of the global electric scooter battery market is driven by increasing vehicle charging infrastructure in developed economies and escalating fuel prices. The dependency on lightweight electric vehicles is increasing rapidly owing to zero carbon emission, low operating and maintenance costs, and other factors. Moreover, significant fiscal incentives spurred the uptake of light-duty electric vehicles; thus scaled up the growth of electronic vehicles and battery industries. This has led both government and key manufacturing companies to invest in building charging infrastructure to provide efficient and advanced charging facilities to customers. For instance, according to a report published by International Energy Agency (IEA), the governments of countries such as China, the U.S., Switzerland, and others, have provided support for electronic vehicle charging infrastructure through measures such as direct investment to install publicly accessible chargers or incentives for EV owners to install charging points at home. This may lead the customers to become more linear toward using electric scooters, which in turn may boost the growth of the electric scooters battery market during the forecast period.
However, the sealed lead-acid batteries (SLA) consist of lead and sulfuric acid that if discarded on the ground may contaminate groundwater and may cause a potential threat to both humans and the environment. Exposure to high levels of lead may cause several health-related disorders such as weakness, anemia, kidney failure, and sometimes death. Moreover, sulfuric acid being highly corrosive alters the soil chemistry and may cause toxicity in the subsurface environment. Furthermore, several regulatory bodies such as the United Nations Environment Programme (UNEP), Environmental Protection Agency (EPA), Ministry of Environment and Forests, and others have laid regulations for the use and disposal of lead-acid batteries. This is expected to hamper the growth of the electric scooter battery market during the forecast period.
The rapid growth in the transportation sector uses a lot of fuel that increases pollution and global warming. To promote the use of clean and energy-efficient vehicles lightweight lithium-ion (Li-ion) battery is used to provide voltage to the motor. It has high energy densities than other batteries and a smaller battery size makes it suitable for use in electric scooters. In addition, it uses lightweight lithium for the electrode instead of heavier graphite that enhances the mileage of electric scooters by reducing 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 is anticipated to increase the sales of lightweight lithium-ion electric scooter batteries; thus creating remunerative opportunities for the market.
The global electric scooter battery market analysis is done on the basis of product type, capacity, and region. Depending on product type, the market is divided into Lithium-Ion (Li-ion), Lithium Iron Phosphate (LFP), Lithium Polymer (LiPo), Sealed Lead Acid Battery (SLA), and Nickel Metal Hydride (NiMH). On the basis of capacity, it is fragmented into 100-500 Wh, 500-1000 Wh, 1000-1500 Wh, 1500-2000 Wh, and 2000 Wh & Above. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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, and Xupai Battery Inc.
The global electric scooter battery market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
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
Key Players in the global electric scooter battery market are:
1. Contemporary Amperex Technology Co. Ltd.2. Dande Renewable Energy Pvt. Ltd.
3. Hunan CTS Technology Co. Ltd.
4. LG Energy Solution
5. Maxvolt Energy
6. Pastiche Energy Solutions
7. Pure EV
8. Samsung SDI Co. Ltd.
9. SmartPropel Lithium Battery
10. Xupai Battery Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL ELECTRIC SCOOTER BATTERY MARKET, BY PRODUCT TYPE
CHAPTER 5: ELECTRIC SCOOTER BATTERY MARKET, BY CAPACITIES
CHAPTER 6: ELECTRIC SCOOTER BATTERY MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1 billion |
| Forecasted Market Value ( USD | $ 7.3 billion |
| Compound Annual Growth Rate | 22.0% |
| Regions Covered | Global |
