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e-Mobility Market Share Driven by Electrification of Transport and Advancements in Battery Technology | Valuates Reports
e-Mobility MarketThe global market for e-Mobility was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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The e-mobility market is experiencing robust momentum as the global shift toward sustainable transportation accelerates. Rising demand for clean energy solutions, government incentives for electrification, and rapid expansion of charging infrastructure are shaping market trends. Consumers and enterprises alike are embracing electric mobility for its cost-efficiency, reduced emissions, and technological innovation, fueling market growth and expanding the overall market size.
By type, the battery system segment holds the largest market share, as energy storage remains the backbone of electric vehicle performance and efficiency. Meanwhile, the traction motor system is emerging as the fastest-growing segment, supported by advancements in motor design, improved energy efficiency, and the rising production of high-performance electric vehicles. The electric control system also plays a critical role in optimizing vehicle operations, ensuring safety, and enhancing the driving experience.
In terms of application, battery electric vehicles (BEVs) dominate the market share due to their widespread adoption, zero-emission capabilities, and strong alignment with global sustainability goals. However, plug-in hybrid electric vehicles (PHEVs) are recording rapid market growth as they provide consumers with greater flexibility, extended range, and a gradual transition toward fully electric mobility. Together, both applications reflect the evolving consumer demand for sustainable yet practical transportation choices.
Looking ahead, the market forecast indicates strong growth potential driven by innovations in battery chemistry, increased investment in smart grid integration, and strategic partnerships between automakers and technology providers. Expanding renewable energy adoption and regulatory commitments to phase out internal combustion engines will further drive market trends. With continuous advancements in vehicle design, charging speed, and affordability, the e-mobility market is set to achieve sustained market growth in the years ahead.
Segment by Type
• Battery System
• Traction Motor System
• Electric Control System
Segment by Application
• PHEV
• BEV
By Company
CATL, Panasonic, LG Chem, BYD, Samsung SDI, Gotion High-tech, EVE Energy, Fukuta, ZF, Bosch, Shanghai Edrive, Jing-Jin Electric Technologies, UAES, JEE Technology, Marelli, Hyundai Kefico, Ficosa
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