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 Overview:
Micro mobility charging infrastructure includes physical hardware and software-based solutions for charging electric bikes, scooters and other micro mobility vehicles. The increasing adoption of e-scooters and e-bikes for last mile connectivity has fueled the demand for micro mobility charging infrastructure across major cities globally.
Market key trends:
One of the key trends in the Micro-mobility charging infrastructure Market is the development of innovative and distributed charging solutions. With the increasing deployment of shared micro mobility fleets, there is a need for distributed and portability charging systems that can be easily moved from one location to another. This has propelled companies to focus on developing new and lightweight portable chargers, swappable battery systems, inductive charging pads and integration of charging stations at public transit hubs and commercial spaces. Furthermore, the growing collaboration between micro mobility operators and infrastructure developers is also expected to support the infrastructure build-out plans of cities and rental companies.
Market key trends:
One of the key trends in the micro mobility charging infrastructure market is the increasing adoption of wireless and contactless charging solutions. With the growth in demand for shared electric scooters and bikes, there is a need for efficient and user-friendly charging infrastructure that allows quick and easy charging. Wireless and contactless charging eliminate the need for bulky charging cables and ports, thus improving the charging experience for users. Several charging infrastructure providers are focusing on developing innovative wireless and contactless charging technologies to better serve the needs of micro mobility operators.
SWOT Analysis
Strengths: Growing demand for shared micro mobility services is driving the need for advanced charging infrastructure. Also, supportive government policies for electric vehicles and micro mobility are boosting market growth.
Weaknesses: High initial costs associated with deployment and maintenance of micro mobility charging infrastructure. Limited standardization in wireless charging technologies is also a challenge.
Opportunities: Emergence of innovative wireless and contactless charging solutions provide new opportunities. Integration of charging infrastructure with solar and vehicle-to-grid technologies can further expand opportunities.
Threats: Safety issues related to wireless charging and cyber threats are key threats. Slow pace of building EV charging infrastructure in some regions is also a threat.
Key Takeaways
The Global Micro Mobility Charging Infrastructure Market is expected to witness high growth, exhibiting 20% CAGR over the forecast period of 2023 to 2030, due to increasing focus on expansion of shared micro mobility services across major cities.
Regional analysis: North America dominated the market and is expected to continue its dominance, growing at a CAGR of over 22% during the forecast period. This can be attributed to large presence of key players and growing shared mobility trends in countries like the US and Canada. Asia Pacific is emerging as a highly lucrative market with countries like China and India expected to offer high growth opportunities owing to increasing electrification of transportation and supportive government policies.
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. These players are focusing on introducing advanced wireless and contactless charging solutions through partnerships and innovations to strengthen their positions in the evolving market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn