New Delhi, Sept. 09, 2022 (GLOBE NEWSWIRE) — The global micromobility charging infrastructure market is expected to register a rapid growth rate owing to the growing popularity of micromobility in expanding urban areas across the countries.
BlueWeave Consulting, a leading strategic consulting and market research firm, A in its recent study, estimated the micromobility charging infrastructure market the size was $3.57 billion in 2021 and is expected to grow at an impressive CAGR of 26.9% over the forecast period (2022-2028) to reach a value of $17.59 billion by 2028. Major driving factors for the market include increasing investment in micromobility charging infrastructure and rising awareness of greenhouse gas emissions from fossil fuel vehicles.
Global Micromobility Charging Infrastructure Market Share and Forecast
Micromobility is seen as a viable way to control greenhouse gas emissions and expand access to public transport. Electric scooters and e-bikes are less expensive to produce, operate and maintain than other types of vehicles. In addition to using renewable energy, these vehicles are fuel efficient and therefore expected to contribute to the proliferation of micromobility, paving the way for substantial consolidation of the micromobility market and charging infrastructure over the period. planned.
Micromobility is often characterized by short journeys of less than 5 miles and the cars that can’t overtake 15 miles per hour. Most of the time, micromobility charging infrastructure consists of e-scooters and e-bikes with rechargeable batteries that help fight climate change and provide clean energy sources. The growing desire for wireless charging stations to charge micromobility cars at a faster rate and with much more convenience is expected to fuel the demand for electromagnetic charging stations. Several companies are now making wireless charging devices, which are smart docking stations that can be used both indoors and outdoors. For example, in May 2020, Magment GmbH, a producer of charging stations, launched its own adaptive inductive charging mechanisms to provide electric scooters with adaptable inductive charging. These wireless charging stations are easy to install and can be found near street lights, parks and electronic billboards.
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Global Micromobility Charging Infrastructure Market – Growing Demand
Cost-effectiveness and energy efficiency, the growing desire to reduce one’s carbon footprint, and continued migration to urban areas are expected to drive demand for micromobility. This, in turn, is expected to drive demand for micromobility charging infrastructure across the globe. The development of solar-powered charging stations with smart parking systems is expected to provide growth prospects for the micromobility charging infrastructure market. Solar-powered e-scooter charging stations are often a priority for industry players.
Global Micromobility Charging Infrastructure Market – By Vehicle Type
The global micromobility market based on vehicle type is segmented into electric scooters, electric bicycles, electric unicycles and electric skateboards. The electric scooter segment holds the highest revenue share. The growing popularity of e-scooters, which enable integrated mobility trips as well as first and last mile transit, has increased the demand for e-scooter charging stations. General market micromobility charging stations can be used with any type of electric scooter, giving the user more freedom. Electric scooters are becoming increasingly popular among cyclists because they are easy to park and recharge.
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Impact of COVID-19 on the Global Micromobility Charging Infrastructure Market
The COVID-19 pandemic has had a negative influence on the market. As businesses shut down and citizens stayed at home, the outbreak devastated the availability and accessibility of transportation. This had an impact on the economies of market participants. Additionally, when micromobility car production facilities were abandoned due to the pandemic, the need for charging segments and substations was significantly affected. Due to the shortage of raw materials, a number of sectors have encountered considerable obstacles.
APAC continues to lead the global micromobility charging infrastructure market
Geographically, the global micromobility charging infrastructure market is segmented into five major regions: North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa. Asia-Pacific accounted for the majority of to share in the market. The potential expansion of the Asia-Pacific regional market can be attributed to the infrastructure projects and efforts by many authorities in the region. In June 2021, for example, the Indian government announced increased subsidies for the purchase of e-bikes and e-scooters under its Fast Deployment and Manufacturers of Hybrid-Electric Vehicles (FAME) II program.
The global micromobility charging infrastructure market is highly competitive and fragmented. The major market players are Ather Energy, bike-energy, Bikeep, Flower Turbines, Get Charged, IncGiulio Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert Bosch GmbH, Solum PV, SWIFTMILE and The Mobility House GmbH. To expand their competitive position, the major players in the market are implementing various strategies including mergers and acquisitions and formation of partnerships.
Magment GmbH, a charging station provider, launched its smart wireless charging systems in May 2020 to provide electric scooters with flexible wireless charging. These wireless charging stations are easy to install near street lights, parks and electronic advertising boxes. In January 2021, Zypp, an electric vehicle startup, announced plans to open 5,000 battery swap facilities in 100 cities across India. In March 2021, Duckt, creator of universal micromobility infrastructure solutions, launched 150 docking, locking and charging points in the Paris Rive Gauche district to encourage people to use electric vehicles by installing charging stations . In June 2021, the Miami Parking Authority (MPA) and Swiftmile announced a cooperation to develop a network of micromobility charging stations (Mobility Hubs) to expand access to sustainable electric transportation. The hub is equipped with solar panels that provide clean, renewable energy to the electric scooters.
- Magment GmbH, a charging station provider, launched its smart wireless charging systems in May 2020 to provide electric scooters with flexible wireless charging. These wireless charging stations are easy to install near street lights, parks and electronic advertising boxes. In January 2021, Zypp, an electric vehicle startup, announced plans to open 5,000 battery swap facilities in 100 cities across India. In March 2021, Duckt, creator of universal micromobility infrastructure solutions, launched 150 docking, locking and charging points in the Paris Rive Gauche district to encourage people to use electric vehicles by installing charging stations . The Miami Parking Authority (MPA) and Swiftmile announced a cooperation in June 2021 to develop a network of micromobility charging stations (Mobility Hubs) to expand access to sustainable electric transportation. The hub is equipped with solar panels that provide clean, renewable energy to the electric scooters.
|Years considered||Historical data – 2019–2021|
|Base year – 2021|
|Estimated year – 2022|
|Forecast – 2022–2028|
|Facts Covered||Automobiles and transportation|
|Market coverage||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Product Service/Segmentation||By vehicle type, by charger type, by power source, by end use, by region|
|Key players||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 and others leading|
By type of vehicle
- Electric scooters
- Electric bikes
- Electric unicycles
- Electric Skateboards
By charger type
By power source
- Solar energy
- Battery powered
By end use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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