Global Battery PACK for Micro Mobility Market by Type (Lead-acid Battery PACK, Lithium Ion Battery PACK), By Application (Electric Motorcycle, Electric Bicycles, Electric Scooters, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global battery PACK for micro mobility market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, especially electric motorcycles, electric bicycles, and electric scooters. Additionally, the increasing focus on environment-friendly transportation is also contributing to the growth of this market. The lead-acid battery PACK segment is expected to dominate the global battery PACK for micro mobility market during the forecast period. This segment accounted for a majority share of the global market in 2017 and is projected to maintain its dominance during the forecast period.



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Product Definition:

A battery pack is a collection of batteries, usually connected in series or parallel, that provide power to an electrical load. The importance of battery packs for micro mobility lies in the fact that they are necessary to provide power to electric vehicles and devices. Without them, these items would not be able to function.

Lead-acid Battery PACK:

Lead-acid battery is one of the most common and well-known batteries. It has a wide range of applications in consumer electronics, automotive, power tools etc. The key properties associated with lead-acid battery are low cost, reliability and high capacity to weight ratio which makes it suitable for micro mobility application. Lead acid batteries have been used in portable devices including watches & wristbands, toys & games and medical equipment including heart rate monitors & blood glucose sensors etc.

Lithium Ion Battery PACK:

Lithium-ion (Li-ion) batteries are commonly used in portable electronic devices such as mobile phones, digital cameras, and laptops. These batteries have a higher energy density than conventional ones and also provide faster charging time. Owing to these advantages, Li-ion battery is gaining popularity across the globe which is expected to drive market growth over the forecast period.

Application Insights:

The electric motorcycle application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The battery packs used in these vehicles are designed in a way that they can be easily installed on bikes, thereby shortening down the installation time. Moreover, these packs are also equipped with quick-connect terminals which make it easy to connect accessories like lights and other devices. This feature allows users to personalize their bike as per their requirements without any additional costs or technical knowledge required.

The electric bicycle segment is expected to grow at a rapid pace owing to increasing demand for environmentally friendly transportation solutions across various regions of the world including Europe, North America and Asia Pacific etcetera. These batteries provide reliable power supply for both indoor as well as outdoor usage due largelyto its high energy density (Wh/kg).

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives for promoting electric vehicle charging infrastructure and growing investments in this sector. For instance, China has planned to set up around 300 EV fast-charging stations by 2020. Moreover, countries such as Japan are also focusing on developing these batteries through domestic manufacturers with a view to reduce reliance on imports from China and South Korea.

Europe was estimated as the second largest regional market in 2017 owing to high demand for advanced battery systems across various applications including electric vehicles and energy storage systems (ESS). However, North America may emerge as a potential market due to stringent regulations regarding fuel emissions coupled with increasing focus towards reducing Greenhouse Gas (GHG) emissions associated with transportation activities in U.S.

Growth Factors:

Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 28% from 2016 to 2020. This will create a high demand for battery packs, which will in turn drive the growth of the micro mobility market.
Government initiatives and subsidies: Governments around the world are promoting the use of electric vehicles through various initiatives and subsidies. This is expected to drive the growth of the battery pack market for micro mobility devices.
Development of advanced technologies: The development of advanced technologies such as solid-state batteries is expected to reduce costs and increase efficiency, thus driving the growth of the battery pack market for micro mobility devices.
Growing popularity of sharing economy: The growing popularity of sharing economy is creating a need for lightweight and compact transportation solutions, which can be met by micro mobility devices fitted with battery packs.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Battery PACK for Micro Mobility Market Research Report
By Type
Lead-acid Battery PACK, Lithium Ion Battery PACK
By Application
Electric Motorcycle, Electric Bicycles, Electric Scooters, Others
By Companies
Simplo, Dynapack, DESAY, Sunwoda, BYD, SCUD, Celxpert, Highstar, Lishen, Samsung SDI, Simplo, Murata, Shenzhen zhuoneng new energy, Tian Neng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.

Global Battery PACK for Micro Mobility Market Report Segments:
The global Battery PACK for Micro Mobility market is segmented on the basis of:
Types
Lead-acid Battery PACK, Lithium Ion Battery PACK
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Motorcycle, Electric Bicycles, Electric Scooters, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Simplo
Dynapack
DESAY
Sunwoda
BYD
SCUD
Celxpert
Highstar
Lishen
Samsung SDI
Simplo
Murata
Shenzhen zhuoneng new energy
Tian Neng



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Highlights of The Battery PACK for Micro Mobility Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Lead-acid Battery PACK
Lithium Ion Battery PACK
By Application:
Electric Motorcycle
Electric Bicycles
Electric Scooters
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Battery PACK for Micro Mobility Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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