The micro-mobility charging infrastructure market comprises electric scooters, e-bikes, electric skateboards, and other last-mile transportation solutions. Micro-mobility charging infrastructure provides effective charging options for last-mile transportation devices through various solutions including charging stations, onboard chargers, and wireless charging pads. These solutions ensure convenient charging of micro-mobility devices anytime and anywhere. The growing popularity of micro-mobility devices for first and last-mile connectivity has encouraged various shared mobility operators and OEMs to develop advanced charging solutions. Moreover, initiatives by public transport authorities to promote the use of micro-mobility devices are also fueling the demand for charging infrastructure.
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 Dynamics:
Rising congestion levels in urban cities have increased the adoption of micro-mobility devices for intra-city transportation. This has encouraged operators to focus on developing advanced charging infrastructure to ensure seamless connectivity. Furthermore, supportive government policies promoting the use of micro-mobility devices for first and last-mile transportation are also boosting the market. Various governments across regions are implementing initiatives to develop EV charging infrastructure as well as incentives for purchasing micro-mobility vehicles. This is positively impacting the adoption of micro-mobility charging infrastructure.
Segment Analysis
The global micro-mobility charging infrastructure market can be segmented into connectivity, installation, and regional segments. The connectivity segment includes wired and wireless chargers. The wired segment dominates currently due to the higher charging efficiency and safety offered. The installation segment is divided into street lamp installation, bollard installation, and pedestal installation. The street lamp installation segment leads as it provides easy and uninterrupted charging access to multiple vehicles at the same time.
PEST Analysis
Political: Governments across regions are supporting micro-mobility solutions to reduce traffic congestion and pollution. Favorable policies for installation of public charging infrastructure are boosting adoption.
Economic: Rising disposable incomes and growing preference for shared mobility are driving the market. However, high initial investment requirements pose challenges.
Social: Increasing concerns regarding sustainability and health are encouraging the use of micro-mobility solutions. Advancements in connectivity are further enhancing user experience.
Technological: Developments in wireless and induction charging technologies are improving efficiency. Integrations with IoT and AI are facilitating sharing, routing, and power management.
Key Takeaways
The Global Micro-Mobility Charging Infrastructure Market Size is expected to witness high growth over the forecast period. The Asia Pacific regional market dominates currently due to the high deployment of shared mobility solutions across major economies like China and India. Countries like India are also actively supporting the development of public charging networks.
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. Bikeep has emerged as a leading player with its advanced wireless induction charging solutions suitable for multiple vehicle types. Get Charged, Inc. is another notable player focusing on scalable and sustainable energy systems.
The market is expected to witness increased partnership activities between players across the charging infrastructure and vehicle manufacturing domains. Adoption of common technical standards will further support interoperability and multi-vendor access. Data-driven services around fleet management and predictive maintenance are projected to open new revenue streams over the forecast period.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
