Electric Scooter Battery Market Business Growth and Industry Development 2021 to 2030

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. An electric scooter battery consists of one or more cells used to provide voltage (power) to different scooter accessories such as the DC motor, lights, and controller.

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 is expected to 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.

Download Report Sample (230 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/12001

The report segments the global electric scooter batteries market on the basis of analysis product type, capacity, and region.

On the basis of product type, the Li-ion segment dominated the market in 2020, contributing to nearly half of the market. However, the segment is projected to manifest the highest CAGR of 23.5% during the forecast period. The report includes analysis of other segments such as Lithium iron phosphate battery (LFP), Lithium polymer (LiPo), Sealed lead acid battery (SLA), and Nickel metal hydride battery (NiMH).

Request a Discount Before Purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/12001

Based on capacity, the 1000-1500 Wh segment held the largest share in 2020, accounting for more than one-third of the market. However, the 1500-2000 Wh segment is estimated to register the highest CAGR of 24.8% during the forecast period.

The global electric scooter batteries market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion's share in 2020, accounting for around 97% of the market. Moreover, the region is expected to portray the highest CAGR of 21.7% from 2021 to 2030.

Get detailed COVID-19 impact analysis on the Electric Scooter Battery Market
https://www.alliedmarketresearch.com/request-for-customization/12001?reqfor=covid

Covid-19 scenario:
• The Covid-19 pandemic negatively affected the demand for electric scooter batteries due to its dependence on the transportation sector. According to a report published by the International Energy Agency, the global road transport activity was reduced by around 50% by the end of March 2020 as compared to March 2019.
• Moreover, several companies closed their operations due to risk of infection among workers, which decreased the production volumes of electric scooter batteries during the pandemic.
• The falling business confidence, increase in unemployment, decrease in income, and travel restriction hampered the sales of electric scooters, which led to downfall in demand for electric scooter batteries.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.