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According to a new report Global Electric Mobility Market, published by KBV Research, The Global Electric Mobility Market size is expected to reach $478.9 billion by 2025, rising at a market growth of 24.7% CAGR during the forecast period.
In 2018, the 24V segment accounted for a significant share of the electric mobility market. These batteries deliver superior power output and are highly compatible with EVs. Their demand is likely to rise steadily and it is also likely that the segment will continue to account for a significant market share throughout the forecast period. The segment of greater than 48V is expected to see significant growth over the forecast period. Overall demand for battery-equipped EVs greater than 48 voltages is expected to increase substantially in the near future due to constant research and development activities focused on improving distance coverage and speed of electric vehicles.
The Asia Pacific market recorded a dominant share in 2018. Due to the higher level of adoption of EVs, particularly electric bicycles and electric scooters, in economies like China and Japan, the regional market for electric mobility is expected to dominate. The Europe market is witnessing a growth rate of 23.6% during (2019 - 2025). Additionally, The North America market is anticipated to witness a CAGR of 21.6% during (2019 - 2025).
The Li-ion market dominated the Global Electric Mobility Market by Battery Type 2018 growing at a CAGR of 23.9 % during the forecast period. The NiMH market would grow at a CAGR of 26.3% during (2019 - 2025). Additionally, The Sealed Lead Acid market showcases prominent growth rate of 27.3% during (2019 - 2025).
The Electric Car market dominated the Global Electric Mobility Market by Product 2018. The Electric Scooter & Motorcycle market is anticipated to witness a CAGR of 23.2% during (2019 - 2025). The Electric Bicycle market is experiencing growth rate of 27.8% during (2019 - 2025). Additionally, The Electric Skateboard market is expected to witness CAGR of 27.6% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/electric-mobility-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Battery Type
By Product Type
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