Press release
Micro-mobility Charging Infrastructure Industry Expected to Reach $18.92 Billion by 2029 at 22.1% CAGR
Micro-mobility Charging Infrastructure
Micro-mobility Charging Infrastructure Market Value Projection: How Much Will the Market Size by 2025?
The market size for micro-mobility charging infrastructure has witnessed tremendous expansion in the past few years. It is predicted to rise from $6.96 billion in 2024 and reach $8.52 billion in 2025, progressing at a compound annual growth rate (CAGR) of 22.3%. Factors contributing to this historic growth include heightened competitiveness and viability of businesses in this sector, improvements in user experience, growing consumer adoption and demand, the rise of micro-mobility services, and solutions for urbanization and last-mile delivery issues.
What Will Be the Market Growth Forecat for Micro-mobility Charging Infrastructure in 2029?
In the upcoming years, rapid expansion is anticipated in the micro-mobility charging infrastructure market, surging to $18.92 billion by 2029 with a compound annual growth rate (CAGR) of 22.1%. The acceleration over the forecast period could be due to factors like market competition and demand, smart city initiatives, user comfort, environmental implications and integration into public transport systems. The key trends over the forecast period are expected to be financial sustainability and return on investment, solutions for urbanization and congestion, green solutions, and partnerships with city planners.
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What Are the Core Competitive Drivers in the Micro-mobility Charging Infrastructure Industry?
The surge in the use of electric bikes and electric scooters is anticipated to boost the micro-mobility charging infrastructure market in the future. A conventional bike or e-scooter is fitted with an electric motor that assists in pedaling, thus reducing the strain or eliminating the need for pedaling. With social distancing considered a crucial means of preventing the spread of COVID-19, there has been an unexpected surge in the demand for personal electric mobility recently. Climate change and the quest for achieving net-zero emissions are driving the global trend towards adopting emission-free modes of transport. This shift leads to increased production of electric vehicles and consequently, a higher demand for micro-mobility charging infrastructure. As an example, in December 2023, the Office of Energy Efficiency and Renewable Energy, a US government agency, reported approximately 1.1 million e-bikes sales in the United States in 2022. This represented almost a fourfold rise compared to sales in the preceding three years. Therefore, the uptick in e-bike and e-scooter use will catalyze growth in the micro-mobility charging infrastructure market.
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Which Micro-mobility Charging Infrastructure Market Segment Is Projected to See the Fastest Growth?
The micro-mobility charging infrastructure market covered in this report is segmented -
1) By Type: Wired, Wireless
2) By Vehicle Type: E-Scooters, E-Bikes, E-Unicycles, E-Skateboards
3) By Source: Solar Powered, Battery Powered
4) By End-Users: Residential, Commercial
Subsegments:
1) By Wired: AC Charging Stations, DC Fast Charging Stations, Standard Charging Outlets, Smart Charging Solutions
2) By Wireless: Inductive Charging Pads, Resonant Charging Systems, Dynamic Wireless Charging Solutions
Which Trends Are Opening New Opportunities in the Micro-mobility Charging Infrastructure Market?
The rise in technological innovation is a prominent trend in the micro mobility charging infrastructure market. To improve their product offerings and boost customer experience, numerous top-tier firms in the micro mobility charging infrastructure sector are utilizing technological progress for the creation of new innovative products. As an example, in August 2022, Dat Bike, an electric vehicle company based in Vietnam, introduced Dat Charge, an ultra-fast charging station for its electric bikes. In contrast to conventional EV charging stations which take 60 minutes or longer, Dat Charge reduces EV charging time by charging 100km in just 20 minutes.
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Who Are the Leaders in the Micro-mobility Charging Infrastructure Market?
Major companies operating in the micro-mobility charging infrastructure market are Ather Energy Private Limited, Bike-energy GmbH, Bikeep Inc., Flower Turbines Inc., Giulio Barbieri SRL, Ground Control Systems Inc., Magment GmbH, Perch Mobility Inc., Robert Bosch GmbH, Solum PV S.L., Swiftmile Inc., The Mobility House GmbH, GetCharged Inc., Charge-e Inc., Greenspot EV Charging, Tritium Pty Ltd., Webasto SE, ABL Group B.V., Alfen N.V., Ampcontrol Pty Ltd, Blink Charging Co., ChargeLab Ltd., CIRCONTROL S.A., Delta-Q Technologies Corporation, Ekoenergetyka-Polska Sp. z o.o., EVoCharge B.V., FLO Services Inc., GreenFlux B.V., innogy SE, KEBA AG, Leviton Manufacturing Company Inc.
Which Regional Micro-mobility Charging Infrastructure Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the micro-mobility charging infrastructure market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the micro-mobility charging infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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