Micro-Mobility Charging Infrastructure

Micro-Mobility Charging Infrastructure

Micro-mobility charging infrastructure refers to the network of charging stations or docks for electric scooters, bikes, and other small personal mobility devices. As the use of micro-mobility vehicles increases in urban areas, the need for charging infrastructure has also grown rapidly. The market for micro-mobility charging infrastructure is still in its early stages, but it is expected to experience significant growth in the coming years. One of the main drivers of the micro-mobility charging infrastructure market is the increasing adoption of electric vehicles. Governments around the world are incentivizing the use of electric vehicles to reduce carbon emissions and improve air quality. As a result, many cities are implementing regulations that require companies to use electric vehicles for their micro-mobility fleets. This has led to a growing demand for charging infrastructure that is specifically designed for micro-mobility vehicles.

The micro-mobility charging infrastructure market is expected to grow at a strong CAGR of 26% during the forecast period owing to the is the increasing popularity of micro-mobility vehicles for short-distance travel. With the rise of ride-sharing services and the need for affordable, eco-friendly transportation options, micro-mobility vehicles have become a preferred mode of transportation in many urban areas. This trend is expected to continue as cities become more densely populated and traffic congestion worsens. Several companies have recently made significant developments in the field of micro-mobility charging infrastructure. For example, in 2021, Bird, a leading provider of shared electric scooters, announced the launch of Bird Power Pass, a subscription service that provides unlimited charging for its scooters at designated charging stations

• By charger type, the market is bifurcated into wireless and wired. Among these, the wireless segment of the micro-mobility charging infrastructure market is expected to grow at a significant rate due to several drivers. Firstly, the convenience of wireless charging is a major factor driving the growth of this segment. Secondly, the rise of shared micro-mobility services is also driving the growth of the wireless charging infrastructure market. With shared services, there is a need for efficient and rapid charging of electric scooters and bicycles to ensure that they are always available for use by customers.
• On the basis of end-users, the market is bifurcated into residential and commercial. The Residential segment of the micro-mobility charging infrastructure market dominated the market due to several drivers. Firstly, the increasing adoption of electric scooters and bikes among urban dwellers for their daily commutes is driving the demand for charging infrastructure at home. As more people switch to electric micro-mobility options, the need for reliable and convenient charging solutions in residential areas is becoming more apparent.

Secondly, the increasing popularity of shared micro-mobility services is also driving demand for residential charging infrastructure. With the rise of companies such as Lime and Bird, which offer dockless electric scooters and bikes for short-term rentals, there is a growing need for charging stations in residential areas where users can easily access them.

• By power source, the market is bifurcated into solar powered and battery powered. The Battery Powered segment of the micro-mobility charging infrastructure market has emerged as a dominant force in recent years. One of the primary drivers of this trend is the increasing popularity of battery-powered micro-mobility vehicles such as electric scooters and e-bikes. These vehicles offer a convenient, eco-friendly alternative to traditional transportation options, and their popularity has surged in urban areas. Another driver of the Battery Powered segment is the rapid technological advancements in battery technology, which have made it possible to create smaller, more powerful batteries with longer life spans
• By vehicle type, the market is segmented into e-scooters, e-bikes, e-unicycles, and e-skateboard. he E-scooters segment of the micro-mobility charging infrastructure market has dominated the market due to several drivers. First and foremost, there has been a significant shift towards sustainable modes of transportation, and E-scooters offer an environmentally friendly alternative to traditional modes of transportation. Additionally, E-scooters are very cost-effective and efficient, as they require less energy than other vehicles to travel the same distance. Another key driver of the E-scooter segment's dominance is the increasing popularity of sharing services. E-scooter-sharing services have become increasingly prevalent in urban areas, providing an easy and convenient way for people to move around the city without owning a vehicle. As a result, E-scooter charging infrastructure has become a critical component of these services, which has driven demand for charging stations.
• For a better understanding of the market adoption of the micro-mobility charging infrastructure industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. The Asia Pacific region has dominated the micro-mobility charging infrastructure market due to several drivers. Firstly, the region has a large population with densely populated urban areas, resulting in a high demand for micro-mobility transportation options such as electric scooters and bicycles.Secondly, the region has a strong focus on sustainability and reducing carbon emissions. Governments in countries like China, Japan, and South Korea have introduced policies and incentives to encourage the adoption of electric vehicles, including micro-mobility vehicles. This has further fueled the growth of the micro-mobility charging infrastructure market.Thirdly, the Asia Pacific region is home to some of the world's largest electric vehicle and battery manufacturers, including BYD, CATL, and LG Chem. These companies have invested heavily in developing and producing advanced batteries and charging solutions for micro-mobility vehicles.In recent years, there have been several significant developments in the micro-mobility charging infrastructure market in the Asia Pacific region. For example, in 2021, DAE, a South Korean company, announced the development of a wireless charging system for electric bicycles. This technology allows for seamless and convenient charging without the need for cables or plugs
• Some of the major players operating in the market include Ather Energy., Bikeep , Flower Turbines., Get Charged, Inc., Giulio Barbieri SRL, Ground Control Systems, Magment GmbH,Perch Mobility , Robert Bosch GmbH, and Solum.