Micro-mobility Charging Infrastructure Market Growing at a Constant CAGR of 23.4% to Reach USD 16.64 Billion by 2028 | Grand View Research, Inc.
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According to a new report released by Grand View Research, the growth of the market can be attributed to increasing investment in micro-mobility modes of transportation.
The Global micro-mobility charging infrastructure market the size should reach $16.64 billion through 2028recording a 23.4% CAGR from 2021 to 2028, according to a new report from Grand View Research, Inc. Increased awareness of green modes of transportation is expected to propel the adoption of micro-mobility across the globe. Accordingly, this is expected to create growth opportunities for the market over the forecast period.
Nowadays, micro-mobility is preferred over public transport due to the growing awareness of hygiene. Moreover, as congestion in urban cities increases at a rapid rate, consumers are focusing on the adoption of shared e-bikes. Rising consumer demand for micro-mobility is further expected to drive the market growth over the forecast period.
As cities around the world focus on solving their transport crisis amid growing concerns over gas emissions, micro-mobility is emerging as an effective alternative to mass transit. Rising adoption of electric scooters and e-bikes to reduce environmental footprint and improve mode of transportation is expected to propel the market growth over the forecast period. Many startups across the globe have raised venture capital, creating growth opportunities for the market.
The outbreak of the COVID-19 pandemic is expected to have a negative impact on the market. With the number of passengers and kilometers traveled down by 50% to 60% across the world since the start of the COVID-19 pandemic, the use of micro-mobility charging infrastructure has dropped significantly. However, the market is expected to experience a strong post-pandemic recovery owing to the growing awareness of social distancing and ease of access through micro-mobility.
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Highlights of the Micro-Mobility Charging Infrastructure Market Report
• Many micro-mobility companies are focusing on implementing dockless systems for e-scooters in parking areas. This, therefore, is expected to propel the growth of the electric scooter segment over the forecast period.
• The wireless segment is expected to witness significant growth over the forecast period. The wireless charging stations are made of coil technology and magnetic concrete, which allows for extended alignment tolerance and better vertical wireless power transmission distance
• Electric scooter and e-bike users focus on using solar-powered charging stations. In addition, these terminals are easier to integrate into vehicle charging tools. Various buildings equipped with solar panels can recharge the batteries of the vehicle thanks to these stations
• Smart cities and smart workplace initiatives around the world are expected to educate customers about micro-mobility. This, therefore, is expected to create growth opportunities for the residential segment over the forecast period.
• In the United States, approximately 50 million people regularly travel by bicycle. This, in turn, is expected to fuel the growth of the regional market.
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Segmentation of the micro-mobility charging infrastructure market
Grand View Research has segmented the global micro-mobility charging infrastructure market on the basis of vehicle type, charger type, power source, end use, and region:
Micro-Mobility Charging Infrastructure Vehicle Type Outlook (Revenue, USD Million, 2016 – 2028)
• Electric scooters
• Electric unicycles
• Electric skateboards
Micro-Mobility Charging Infrastructure Charger Type Outlook (Revenue, USD Million, 2016 – 2028)
Micro-mobility Charging Infrastructure Power Source Outlook (Revenue, USD Million, 2016 – 2028)
• Solar energy
• Battery powered
Micro-Mobility Charging Infrastructure End-Use Outlook (Revenue, USD Million, 2016 – 2028)
Micro-Mobility Charging Infrastructure Regional Outlook (Revenue, USD Million, 2016 – 2028)
• North America
• United States
• Great Britain
• Asia Pacific
• Latin America
• Middle East and Africa
List of Key Players of Micro-Mobility Charging Infrastructure Market
• Ather Energy
• flower turbines
• Be Charged, Inc.
• Giulio Barbieri SRL
• Ground control systems
• Magment GmbH
• Roost mobility
• Robert Bosch GmbH
• Solum PV
• The Mobility House GmbH
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US electric vehicle charging infrastructure marketSize, Share and Trend Analysis Report by Charger Type, by Connector (CHAdeMO, Combination Charging System), by Application and Segment Forecast, 2021-2028.
About Grand View Research
Grand View Research is a market research and consulting firm based in the United States and India. It is headquartered in San Francisco. We provide business information, syndicated research reports, and custom research reports to large as well as small and medium sized businesses. Our database contains thousands of in-depth statistics and analysis on over 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional and global business environment.
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