Micro-Mobility Charging Infrastructure Market Worth $27.70 Billion By 2030

 Micro-mobility Charging Infrastructure Industry Overview

The global micro-mobility charging infrastructure market size is expected to reach USD 27.70 billion by 2030, growing at a CAGR of 25.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness about green transportation modes is expected to drive the adoption of micro-mobility vehicles across the globe. An increasing number of people are preferring e-scooters for traveling over shorter distances as these vehicles take less parking space and can recharge within a shorter time.

Additionally, several charging stations for e-scooters provide a dedicated parking space, which helps reduce traffic congestion. Furthermore, these charging stations can be efficiently designed as per the available space and are adaptable to any e-scooter design. These factors are expected to create growth opportunities for the market over the forecast period.

The growing preference for wireless charging stations to charge micro-mobility vehicles at a faster rate with more convenience is expected to drive the demand for wireless charging stations. Several companies are also launching intelligent dock systems called wireless charging systems that work both indoors and outdoors. For instance, in May 2020, Magment GmbH, a charging station provider, launched its intelligent wireless charging systems to provide flexible wireless charging to e-scooters. These wireless charging stations can be easily installed near streetlamps, parks, and electronic advertisement boxes.

The introduction of solar-powered charging stations with smart parking systems is expected to create growth opportunities for the micro-mobility charging infrastructure market. Market players are also focusing on developing and providing solar-powered charging stations for e-scooters. Solar-powered charging stations help to charge network operators to reduce their dependency on grid stations. For instance, in October 2020, Swiftmile Inc introduced free solar-powered charging stations across various locations in the U.S.

The COVID-19 pandemic is expected to adversely impact the market. The market suffered during the pandemic but is expected to witness growth opportunities in the near future as citizens avoid public transport amid the pandemic. Moreover, the demand for wireless charging stations has increased as they offer touchless operations and help eliminate the risk of spreading the virus.

 

Micro-mobility Charging Infrastructure Market Segmentation

Grand View Research has segmented the global micro-mobility charging infrastructure market based on vehicle type, charger type, power source, end use, and region:


Based on the Vehicle Type, the market is segmented into E-scooters, E-bikes, E-unicycles, and E-skateboards.

  • The e-scooters segment dominated the market in 2021 and accounted for more than 60.0% share of the global revenue. The increasing adoption of e-scooters for shared mobility transportation and first and last-mile transportation has led to an increase in the demand for micro-mobility charging stations for e-scooters. Micro-mobility charging stations in the market are adaptable to any model of e-scooter design, providing greater flexibility to the user. 
  • The e-bikes segment is anticipated to witness significant growth over the forecast period. Increasing deployment of e-bike charging stations in tourist and public areas is expected to fuel the segment growth over the forecast period. The demand for charging stations capable of charging multiple e-bikes at the same time is high. Also, these e-bike charging stations can be easily and quickly mounted free-standing or on a wall.

 


Based on the Charger Type, the market is segmented into Wired, and Wireless.

  • The wired segment dominated the market in 2021 and accounted for more than 53.0% share of the global revenue. The high demand for wired charging stations can be attributed to the convenience they offer. Several market players, including bike-energy and Swiftmile, Inc, have developed wired charging stations that are flexible to use in any weather conditions.
  • The wireless segment is anticipated to register the fastest over the forecast period. The segment growth can be attributed to the increasing usage of autonomous vehicles in logistics by prominent retail Multinational Corporations (MNCs) and public transport agencies. Wireless charging systems are more convenient for e-scooters and e-bikes as compared to wired charging stations.

 


Based on the Power Source, the market is segmented into Solar Powered, and Battery Powered.

  • The battery-powered segment dominated the market in 2021 and accounted for more than a 55.0% share of the global revenue. The demand for battery-powered charging stations is increasing due to the rising adoption of battery-swapping technology for e-scooters. At battery swapping stations, users can easily swap an uncharged battery with a charged one and can continue their rides.
  • The solar-powered segment is anticipated to register the fastest growth over the forecast period. Benefits such as reduced operating and maintenance costs as compared to battery-powered systems drive the demand for solar-powered charging infrastructure. Moreover, solar-powered charging stations are generally used by people to charge their e-scooters within a shorter period to travel short distances.

 


Based on the End-use, the market is segmented into Commercial, and Residential.

  • The residential segment dominated the market in 2021 and accounted for more than 68.0% share of the global revenue. Factors such as an increase in urbanization and growing traffic congestion are encouraging customers to shift to micro-mobility vehicles. Users prefer stations that allow the overnight charging of micro-mobility vehicles in homes and residential complexes.
  • The commercial segment is anticipated to register significant growth over the forecast period. Micro-mobility charging infrastructure installed in various malls and business complexes to provide hassle-free services to visitors is one such example of the segment. Furthermore, many companies have started providing charging stations to hotels, businesses, and other tourist places to allow visitors and employees to charge their e-scooters and e-bikes within a short period.

 

Key Companies & Market Share Insights

The market is characterized by the presence of a large number of players and is highly fragmented. The market is receiving large investments from numerous investors and it is also witnessing numerous collaborations and partnerships among service providers and manufacturers. The increasing adoption of e-scooters and e-bikes across the globe is expected to create growth opportunities for market players.

Market players are focusing on business strategies such as new product launches to increase their customer base and strengthen their product portfolio. Numerous players are integrating solar-based power sources into their infrastructure. Numerous governments across the globe are introducing bike-sharing programs. These factors are expected to create growth opportunities for the market over the forecast period. Some prominent players in the global micro-mobility charging infrastructure market include:

  • 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
  • The Mobility House GmbH

 

Order a free sample PDF of the Micro-mobility Charging Infrastructure Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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