by The global Micro-mobility Charging Infrastructure Market facilitates charging solutions and services through standardized connection points for electric bicycles, electric scooters, and similar battery-powered personal transportation vehicles. Demand for micro-mobility vehicles has risen sharply in recent years as a convenient, affordable, and environment-friendly alternative to private vehicle ownership in dense urban areas.
The global Micro-mobility Charging Infrastructure Market is estimated to be valued at US$ 5160.99885 Mn in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Various pilots are being run to install fast and slow charging stations at public transit hubs, office parks, residential areas and along popular commuting routes. This is aimed at addressing range anxiety among users and encouraging wider adoption of electric bikes and scooters over private vehicles for last mile connectivity. Standardization of connection ports and protocols has also accelerated development of universal docking solutions that can charge multiple vehicle types on a single charging point.
SWOT Analysis
Strength: The micro-mobility charging infrastructure market is witnessing high demand due to the increasing adoption of micro mobility vehicles globally. Growing investment by both private and public organizations to develop charging infrastructure is expected to drive the market growth.
Weakness: High initial investment requirements for setting up micro-mobility charging infrastructure can act as a barrier for new players. Compatibility issues between different charging standards adopted by micro-mobility OEMs is another challenge.
Opportunity: Growing focus of governments around the world to promote sustainable urban transportation through micro mobility offers significant growth opportunities. Expanding partnership between charging operators and micro mobility OEMs provide new growth avenues.
Threats: Slow electrification of micro mobility fleet compared to the pace of infrastructure development poses risks. Changing regulatory landscape around micro mobility operation can negatively impact long term feasibility of investments.
Key Takeaways
The Global Micro-Mobility Charging Infrastructure Market Size is expected to witness high growth. Asia Pacific region is anticipated to dominate the market backed by increasing investments in EV charging infrastructure development in countries like China, India and Japan. Governments in the region are strongly pushing the adoption of electric micro mobility to curb rising pollution levels in urban centers.
Key players operating in the Micro-mobility Charging Infrastructure Market are Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH. Major players are focusing on strategic partnerships with micro mobility operators, property managers and local authorities to establish widespread charging networks. They are also investing in R&D to develop standardized and scalable smart charging solutions.
Regional analysis comprises Asia Pacific as the dominating region for micro-mobility charging infrastructure market. China, Japan and India have emerged as top investment destinations backed by growing adoption of shared micro-mobility services and strong government support for EV charging infrastructure development through subsidies and tax rebates. Rapid urbanization and expansion of smart city initiatives in the region promoting sustainable transportation is another key factor driving the regional market.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
