LAMEA Electric Mobility Market By Battery Type (Li-ion, NiMH and Sealed Lead Acid) By Voltage (24V, Greater than 48V, 48V, 36V and others) By Product Type (Electric Car, Electric Scooter & Motorcycle, Electric Bicycle, Electric Skateboard and Others) By Country, Industry Analysis and Forecast, 2019 - 2025
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The Latin America, Middle East and Africa Electric Mobility Market would witness market growth of 31.4% CAGR during the forecast period (2019-2025).
Electric vehicles are accepted as a central technology for sustainable transport; the new clean vehicles are already developed and known to be efficient hybrid vehicles. Full electric vehicles are also coming into the market and have an additional advantage of zero local emissions, quiet engines, and the potential to use various (also renewable) sources of energy in road traffic, which have not yet been used. Electrical mobility can be seen as a development of the cross-industry. Although the combustion engine technology is completely developed, electrical propulsion systems are already in the early stage of industrialization for the use of the automotive and off-road industry.
There has been a prolonged issue of mobile electricity storage for road traffic. Batteries have been bulky and had a low density of energy; thus electric vehicles had a very short range of driving. Recent technological developments introduced by consumer electronics like laptops and mobile phones have resulted in significant improvements in battery performance. Electric vehicles are now seen as a significant alternative to conventional vehicles.
Based on Battery Type, the market is segmented into Li-ion, NiMH and Sealed Lead Acid. Based on Voltage, the market is segmented into 24V, Greater than 48V, 48V, 36V and Others. Based on Product Type, the market is segmented into Electric Car, Electric Scooter & Motorcycle, Electric Bicycle, Electric Skateboard and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ford Motors Co. Ltd., Volvo Group, BMW Group, General Motors Co., Volkswagen AG, BYD Company Ltd., Tesla, Inc., Honda Motor Co. Ltd., Toyota Motor Corporation, Nissan Motor Corporation and Hyundai Motor Company.
Scope of the Electric Mobility Market Analysis
By Battery Type
- Sealed Lead Acid
- Greater than 48V
By Product Type
- Electric Car
- Electric Scooter & Motorcycle
- Electric Bicycle
- Electric Skateboard
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Ford Motors Co. Ltd.
- Volvo Group
- BMW Group
- General Motors Co.
- Volkswagen AG
- BYD Company Ltd.
- Tesla, Inc.
- Honda Motor Co. Ltd.
- Toyota Motor Corporation
- Nissan Motor Corporation
- Hyundai Motor Company
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