The global Micro-mobility Charging Infrastructure market was valued at around USD 3.8 Billion in 2021. With a projected CAGR of 22.5% for the next ten years, the market is likely to reach a valuation of nearly USD 36.6 Billion by the end of 2032.
| Attributes | Details |
|---|---|
| Micro-mobility Charging Infrastructure Market Size (2022) | USD 4.8 Billion |
| Projected Market Value (2032) | USD 36.6 Billion |
| Global Market Growth Rate (2022 to 2032) | 22.5% CAGR |
| Share of Top 5 Countries | 60% |
| North America Market Share (2021) | 41.4% |
| United States Growth Rate(2022 to 2032) | 21.5% CAGR |
| Key Companies Covered | Ather Energy; Beam; Bike-energy; Bikeep; Duckt; Electrify America LLC; Flower Turbines; Get Charged, Inc.; Giulio Barbieri SRL |
Future Market Insights’ analysis reveals that most of the market revenue is grossed from the E-Scooter vehicle type. On the other hand, wired Micro-mobility charging infrastructure will be the most lucrative with a forecasted CAGR of 21.9% in the upcoming decade. According to a survey, 70% of consumers were now willing to use micro-mobility services. There has been a global increase in government support for micro-mobility services and electric vehicles, which is driving the demand for the micro-mobility charging infrastructure market.
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Cost and convenience benefits are encouraging providers to swap over to battery swapping
A solidifying trend amongst Micro Mobility providers is the use of Swappable Batteries. The benefits of swapping batteries are numerous. For one, swappable batteries mean that batteries can be changed on spot, which is far more efficient than the method that was in place. Previously, providers had relied on physically ferrying scooters to charging points. The lack of ferrying also means the lifespan of the scooter itself increases as they do not go through the same wear and tear.
The batteries can also be used across different modes, which ensures the maximum possible life of the battery is utilized. Finally, the battery and vehicle being separate units mean that each can be recycled and repaired separately, so each component is utilized in the best way possible independently. Taiwan’s Gogoro leads in this category with their Swap and Go solution, through which users can swap out replenished batteries for charged ones manually at a Gogoro kiosk on the basis of a subscription fee.
Asia-Pacific is an emerging Market for demand, accounting for 22.4% of market revenue in 2021. Taiwan’s Gogoro was one of the first truly successful battery-swapping companies, with over 450,000 subscribers and an average of 250,000 daily battery swaps. Nio, a Chinese EV provider, is also developing battery-swapping technology for its vehicles. It has over 900 stations in China, with plans to expand to Europe. Particularly, China is an emerging market, with a forecasted market size of USD 2.5 Billion by 2032. The country witnessed a CAGR of 23.6% from 2017 to 2021.
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Government support means the USA will continue to be the largest component
According to studies, around 60% of American trips made by car are under 6 miles. The USA is the leading market for Micro-Mobility Charging Infrastructure Demand, having witnessed a CAGR of 24.8% from 2017 to 2022 and a predicted CAGR of 21.5%. In 2021, Congress under the Biden government passed the Bipartisan Infrastructure Law or the Infrastructure Investment and Jobs act. Under this act, USD 7.5 Billion is to be provided as funding to build a national network of EV chargers along highway corridors.
There are also other programs apart from this. Shared micro-mobility has also been included in and become eligible and can benefit from programs and funds such as the CMAQ Program and Surface Transportation Block Grant funding.
There have also been state-level developments. For example, The Governor of Oregon, Kate Brown, and the Oregon department of transportation announced that 44 Electric Highway charging stations in Oregon would be equipped with a 110-volt outlet that can charge electric bikes for free. The absolute dollar growth for the USA is USD 10.5 Billion, with a forecasted market size of USD 12.3 Billion by 2032.
The UK is an emerging market for demand, with a forecasted market size of USD 1.4 Billion at a CAGR of 20.5% by 2032. The country witnessed a CAGR of 20.5% from 2017 to 2022. In 2022, the government announced through the queen’s speech that a zero-emission vehicle category would be created.
This would allow for electric scooters to become road-legal. Prior to this, official rental trials had been set up in 2020 across the country, with e-scooters that were under speeds of 15.5 miles per hour. Prior to the release of this bill, e-scooters not under these trials were allowed only on private lands. The absolute dollar growth is estimated to be USD 1.2 Billion.
Wired chargers are the top charger type, having witnessed a CAGR of 24.8%, but with a forecasted CAGR of 21.4% for the next decade. Wired Charging is expected to continue being the top category. Wireless charging currently has limited ranges, and problems with the management of thermal loss, and speeds are slower.
The infrastructure needs are also dual as both a transmitter pad and a receiver pad need to be equipped for wireless charging to work, which means significantly high costs. Wired charging on the other hand, usually has quite a high charging capacity, minimal to no electromagnetic emissions, lower maintenance costs, and higher speeds for charging. Wireless Technology, which is more convenient to consumers, may increase if there are significant developments on the cost and technology side.
E-Scooters are the top vehicle type, with a forecasted CAGR of 22.1%, and have witnessed a CAGR of 24.9% from 2017 to 2020. The popularity of E-scooters is the main driver of the demand for E-scooter charging.
When compared to other types of E-vehicles such as E-Bikes or E-skateboards, E-scooters are cheaper to use since fuel costs are significantly cheaper, convenient to travel in, more portable, require little to no physical effort to drive, and are seen as safe alternatives to public transportation due to the pandemic.
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At present, micro-mobility charging infrastructure providers are largely aiming at gaining a foothold in the market and adapting to new technology and legislation. The key companies operating in the micro-mobility charging infrastructure market include Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., Gogoro, Ground Control Systems, Kuhmute Inc., Magment GmbH, Meredot SIA, Numocity Technologies Pvt Ltd., PBSC Urban Solutions, Perch Mobility, Robert Bosch GmbH, Siemens AG, Solum PV, Swiftmile, The Mobility House GmbH, Tier and WiTricity among others
Some of the recent developments by key providers of Micro-mobility Charging Infrastructure are as follows:
Similarly, recent developments related to companies manufacturing Micro-mobility Charging Infrastructure have been tracked by the team at Future Market Insights, which is available in the full report.
The global Micro-mobility Charging Infrastructure market was valued at USD 3.8 Billion in 2021 and is expected to grow to USD 36.6 Billion by 2032.
The Micro-mobility Charging Infrastructure industry is set to witness a high growth rate of 22.5% over the forecast period and be valued at USD 36.6 Billion by 2032.
E-Scooters are the top vehicle type for the Micro-mobility Charging Infrastructure Market.
Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., and Gogoro are the key suppliers of Micro-mobility Charging Infrastructure.
Battery Swapping is positively impacting the Micro-Mobility Charging Infrastructure market.
The USA, UK, China, Japan, and South Korea are expected to drive the most sales growth of Micro-mobility Charging Infrastructure.
The market in the USA accounts for over 36% of the global market share.
1. Executive Summary | Micro-mobility Charging Infrastructure Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 5.1. E-scooters 5.2. E-bikes 5.3. E-unicycles 5.4. E-skateboards 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Charger Type 6.1. Wired 6.2. Wireless 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Source 7.1. Solar Powered 7.2. Battery Powered 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 8.1. Commercial 8.2. Residential 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Ather Energy 17.2. Bike-energy 17.3. Bikeep 17.4. Flower Turbines 17.5. Get Charged, Inc. 17.6. Giulio Barbieri SRL 17.7. Ground Control Systems 17.8. Magment GmbH 17.9. Perch Mobility 17.10. Robert Bosch GmbH 17.11. Solum PV 17.12. Swiftmile 17.13. The Mobility House GmbH 18. Assumptions & Acronyms Used 19. Research Methodology
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Micro-mobility Charging Infrastructure Market
