Global Light Electric Vehicle Market | COVID-19 Impact on Industry Analysis, Size, Share, Growth, Trends Forecasts 2026

Sep 16, 2020

Global Light Electric Vehicle Industry

New Study Reports “Light Electric Vehicle Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

The Global Light Electric Vehicle market emerges the market growth owing to the standard power grid and lower operating cost, The Global light electric vehicle sales is anticipated to reach to 4.2 million units by 2027. The rising demand for the two and three-wheeled vehicles, lightweight, and cost-efficient vehicles is propelling the market demand for the global light electric vehicle market.

The LEV is flexible in transportation and has less operational and maintenance costs as it runs on electricity. Moreover, with emerging technology, advance features such as sensors in a light electric vehicle will fuel its demand in the future.

Moreover, the light electric vehicle has solved the problem of charging, which restricted the growth of battery vehicles in the market. Thus, electric vehicles have a high battery life and can charge at home without going to charging stations.
Furthermore, light electric vehicles are more reliable and safer to use than other vehicles. They have a high power range from 1kw to 10 kW, which is sufficient for the shorter distance traveling. Therefore, a light electric vehicle will propel the market growth in the forecast period.

Type Overview in the Global light electric vehicle Market
Based on type, the global light electric vehicle market classified into Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV). The Hybrid electric vehicle (HEV) segment has captured the highest market value in the comprehensive light electric vehicle market in the forecast period from 2020-2027. The hybrid electric vehicle comprises two engines, one for gasoline and another consist of electric motor. The twin-engine helps in reducing the cost of the fuel and as well as an electrical charge. The hybrid engine performs multiple functioning in the vehicle to save energy and minimizes the pollution level.

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End-user Overview in the Global light electric vehicle Market
Based on the End-user, the global light electric vehicle segmented into E-forklifts, Light utility vehicles (LUVs), Low-speed electric vehicles (LSEVs / micro EVs), E-motorbikes, E-golf carts. The Low-speed electric vehicles (LSEVs / micro EVs) segment has dominated the market share of the global light electric vehicle market. The low-speed electric vehicles used for shorter distance traveling are a reliable, flexible, and cost-effective vehicle for the public. The speed of the vehicle is 20 miles per hour, which is useful for short traveling. Also, light electric vehicles are easily manageable, cost-effective, require less maintenance, and improves mobility and save the environment as well.

Region Overview in the Global light electric vehicle Market
Based on geography, the global light electric vehicle market segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa The Asia Pacific region will be expecting to witness the highest growth during the forecast period from 2020-2027. It is mainly owing to the adoption of the electric two-wheelers market in the market, which has fueled the market demand for light electric vehicles. Moreover, with various practical and economic benefits of the electric vehicle helps in propelling the market demand for the global light electric vehicle market.

Global light electric vehicle Market: Competitive Landscape
Companies such as Systems, Inc., AESC, Altair Nano Technologies, BAK, Blue Energy Co. Ltd., BYD Auto, CALB, CBAK Energy Technology Inc, Continental AG, Deutsche ACCUmotive, Electrovaya, Enerdel, EnerSys, Enertech, E-One Moli Energy, Exide Technologies, Gotian Inc, GS Yuasa Corp, Hitachi Vehicle Energy Ltd, and others are key players in the global light electric vehicle market.

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Some points from table of content:

Global Light Electric Vehicle Market
Report Content
1. Research Strategic Development
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Global Light Electric Vehicle Market Overview
6. Europe Light Electric Vehicle Market Overview
7. North America Light Electric Vehicle Market Overview
8. Asia Pacific Light Electric Vehicle Overview
9. South America Light Electric Vehicle Market Overview
10. Middle East & Africa Light Electric Vehicle Market Overview
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1.1. A123 Systems, Inc.
11.7.1.2. AESC
11.7.1.3. Altair Nano Technologies
11.7.1.4. BAK
11.7.1.5. Blue Energy Co. Ltd.
11.7.1.6. BYD Auto
11.7.1.7. CALB
11.7.1.8. CBAK Energy Technology Inc
11.7.1.9. Continental AG
11.7.1.10. Deutsche ACCUmotive
11.7.1.11. Electrovaya
11.7.1.12. Enerdel
11.7.1.13. EnerSys
11.7.1.14. Enertech
11.7.1.15. E-One Moli Energy
11.7.1.16. Exide Technologies
11.7.1.17. Gotian Inc
11.7.1.18. GS Yuasa Corp
11.7.1.19. Hitachi Vehicle Energy Ltd
11.7.1.20. Other players

 

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