The micro-mobility charging infrastructure market comprises charging infrastructure for micro-mobility vehicles such as electric scooters, electric bikes and shared bikes. The need for charging infrastructure arises as these vehicles rely on rechargeable lithium-ion batteries for operation. Micro-mobility services provide reliable transportation options for covering short-distances also known as last-mile connectivity.
Key Takeaways
Key players operating in the Micro-Mobility Charging Infrastructure Market Growth are GE Healthcare, Draegerwerk AG, Philips Healthcare, Medtronic plc, Fisher & Paykel Healthcare Corporation, Hill-Rom Holdings Inc., Spectrum Medical, L&T Healthcare, Jiangsu Yuyue Medical Equipment Co., Ltd., Nanjing Xinbai Medical Devices Co., Ltd. Second key players in the market are offering customized infrastructure solutions for efficient charging of large fleets of micro-mobility vehicles. This is helping operators in improving fleet utilization and expanding services. The increasing preference for shared mobility solutions and investments by market players in developing advanced charging technologies present significant growth opportunities. Major players are entering partnerships to establish standardized charging networks globally and tap international markets for micro-mobility services.
Market drivers and restrain
Growing urbanization leading to increased demand for sustainable solutions for last-mile connectivity is a key driver for the micro-mobility charging infrastructure market. Micro-mobility vehicles address the need for affordable commuting options and help reduce traffic congestion in cities. Supportive government policies for promoting shared micro-mobility systems also aid market growth. However, high initial capital investments and complexities in setting up widespread public charging networks are major restrain. Establishing uniform charging standards acceptable to all operators globally remains a challenge.
Segment Analysis
Micro-mobility Charging Infrastructure Market has two dominating sub-segments. The battery swapping segment captures around 52% share mainly due to the modular design concept enabling quick swapping of depleted batteries with fully charged ones at automated stations. This reduces downtime and improves vehicle utilization for shared fleets. Docking stations segment holds around 48% share as it is a simple and cost-effective solution allowing parking and charging of vehicles simultaneously. It offers deployment flexibility and has become a preferred solution for urban communities and campuses with dedicated parking spaces.
Regional Analysis
North America dominates with a share of over 35% in the overall market as adoption of shared mobility services is robust along with supportive regulations and infrastructure development initiatives in cities. The Asia Pacific region is witnessing fastest growth at a CAGR of 11.3% during the forecast period due to increasing investments by shared micro-mobility operators for fleet expansion across major Asian countries to tap rising consumer demand. China accounts for largest revenues in APAC with growing preferences for eco-friendly commute options in densely populated urban centers.
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