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:
The micro mobility charging infrastructure market consists of charging equipment and solutions for micromobility vehicles such as electric bikes, electric scooters, and other electric modes of transportation. These products allow convenient charging of micro mobility vehicles at both private residences as well as publicly accessible stations.
Market key trends:
One of the key trends in the micro mobility charging infrastructure market is the growing collaboration between charging providers and city administrations. Many cities are partnering with major charging infrastructure manufacturers to install public charging stations for micromobility vehicles across busiest areas and transportation hubs. This helps promote the adoption of environment-friendly electric micromobility solutions. Another major trend is the increasing preference for wireless and contactless charging technologies among users. Various innovative wireless charging technologies are being developed and adopted to provide hassle-free charging experience for electric micromobility vehicles.
Segment Analysis
The micro mobility charging infrastructure market is segmented by product into wired and wireless chargers. Among these, the wired chargers segment currently dominates the market due to their lower cost and easier installation process compared to wireless chargers. However, the wireless chargers segment is expected to witness faster growth over the forecast period attributed to their advantage of contactless and hassle-free charging experience.
Key Takeaways
The Global Micro Mobility Charging Infrastructure Market is expected to witness high growth, exhibiting a CAGR of 20% over the forecast period, due to increasing awareness about public transportation and compact micro mobility vehicles leading to rapid adoption of shared electric micro mobility fleets across major cities.
Regional analysis - North America currently dominates the market attributed to presence of key manufacturers and availability of favorable government policies to promote adoption of electric vehicles. However, Asia Pacific is expected to witness fastest growth owing to rising investments in developing public EV charging infrastructure, especially in China and India.
Key players - 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. They are focusing on new product launches and partnerships with micro mobility operators to strengthen their positions in the market.
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