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Micro-Mobility Charging Infrastructure Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Oct 2022

Report ID: ARC2721

Pages : 250

Format : Micro-Mobility Charging Infrastructure Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Micro-Mobility Charging Infrastructure Market Size accounted for USD 3.7 Billion in 2021 and is projected to achieve a market size of USD 22.5 Billion by 2030 rising at a CAGR of 22.4% from 2022 to 2030. Micro-mobility solutions (such as electric hover boards, bikes, and scooters) are rapidly expanding in towns and cities. "Charge," a micro-mobility company based in the United States, has expanded its global footprint, particularly in the United States and Europe, by installing charging stations for e-scooters and other micro-mobility vehicles in 6,000 locations. Micro-mobility is also supported by very light vehicles such as e-scooters and skateboards.

Global micro-mobility charging infrastructure market revenue is estimated to reach USD 22.5 Billion by 2030 with a CAGR of 22.4% from 2022 to 2030

Micro-Mobility Charging Infrastructure Market Report Statistics

  • Global micro-mobility charging infrastructure market revenue is estimated to reach USD 22.5 Billion by 2030 with a CAGR of 22.4% from 2022 to 2030
  • According to our recent estimates, the worldwide sales of electric scooters and bicycles reached over 50 million units in 2020
  • Asia-Pacific micro-mobility charging infrastructure market share accounted for over 44% shares in 2021
  • North America micro-mobility charging infrastructure market growth will record fastest CAGR from 2022 to 2030
  • Based on vehicle type, e-scooters over 60% of the overall market share in 2021
  • Growing investment in micro-mobility will fuel the global micro-mobility charging infrastructure market value
  • Increasing technological advancements in micro-mobility is a popular micro-mobility charging infrastructure market trend that is fueling the industry demand

Micro-Mobility Charging Infrastructure Market Trends

Big Calls for Solar Micro-Mobility Have Gained Significant Attention in the Worldwide Market

The development and implementation of solar charging stations for two-wheeler vehicles involving personal or shared e-bicycle or e-scooter services constitutes solar micro-mobility infrastructure. The Sol Design Lab's Electric Drive Solar Kiosk, for example, is an innovation and combination of solar technology, energy storage, public art, and civil place making. The solar-powered kiosk has charging stations for e-bikes, scooters, and wheelchairs, as well as mobile electronics. In addition, Austin Energy received US$1.6 million from the Texas Commission on Environmental Quality to expand their EV charging infrastructure in response to the success and popularity of the Electric Drive pilot program, which won the Austin Green Award in 2017. As a result, solar charging infrastructure has a significant impact on this new mode of transportation.

Global Micro-Mobility Charging Infrastructure Market Dynamics

Market Drivers

  • Growing concern over green house emission
  • Rising demand for electric vehicles
  • Increasing number of e-scooters due to increased fuel prices
  • Decreasing prices of batteries

Market Restraints

  • Low awareness about shared mobility in developing countries
  • Lack of strong policy framework

Market Opportunities

  • Increased government subsidy for the use of electric mobility
  • Rising number of charging infrastructures

Micro-Mobility Charging Infrastructure Market Report Coverage

Market Micro-Mobility Charging Infrastructure Market
Micro-Mobility Charging Infrastructure Market Size 2021 USD 3.7 Billion
Micro-Mobility Charging Infrastructure Market Forecast 2030 USD 22.5 Billion
Micro-Mobility Charging Infrastructure Market CAGR During 2022 - 2030 22.4%
Micro-Mobility Charging Infrastructure Market Analysis Period 2018 - 2030
Micro-Mobility Charging Infrastructure Market Base Year 2021
Micro-Mobility Charging Infrastructure Market Forecast Data 2022 - 2030
Segments Covered By Vehicle Type, By Charger Type, By Power Source, By End-Use, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Ather Energy, Robert Bosch GmbH, Bikeep, Bike-energy, Continental AG, Magment GmbH, Perch mobility, Solum PV, Electrify America, Ground Control Systems, Neuron Mobility, SWIFTMILE, and others.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Micro-Mobility Charging Infrastructure Market Growth Factors

Market Driver

High Adoption of Micro-Mobility Charging Infrastructure Controls Environmental Pollution Acts as a Cost Effective Technique

Micro-mobility charging infrastructure is becoming increasingly important in the global market. For example, Tier, a German micromobility operator, recently received a US$296.3 Mn investment from Softbank to establish an energy network. Charging infrastructure is a critical component in making micro mobility operations financially sustainable. Apart from that, most station providers have a proprietary connector that is added to the various vehicles, allowing them to be docked and charged in their network premises. This process is inconvenient and slows the expansion of the micro-mobility charging infrastructure network.

Different Charging Techniques Bolster the Growth of Global Micro-Mobility Charging Infrastructure Market

Improvements in charging techniques, such as wireless charging, reduce the number of refueling stops needed by electric vehicles (EV). Some of the major wireless charger manufacturers claimed to have achieved 94% efficiency. The charging time of an EV needed to be reduced for faster adoption of EVs, resulting in the development of fast acting chargers of around 350 KW. To accomplish this, the power handling capacity of batteries must be increased to allow for fast charging without reducing their life span. Furthermore, fast chargers should be made more affordable on the global market. Manufacturers are designing systems and parts for EVs that include liquid cooled charging inlets and couplers designed to extract waste heat through fast charging in order to meet such criteria as fast charging or large scale rapid charging infrastructure. Battery swapping is another option for reducing charging time, in which a new battery replaces a discharged one during installation.

High Government Involvement Stimulates the Growth of Global Micro-Mobility Infrastructure Market

According to a report released by Electric Autonomy Canada in April 2021, the government's investment in electric vehicle charging infrastructure to date totals US$376 Mn. These include US$226 Mn spent between December 2016 and 2020, as well as an additional US$150 Mn spent between December 2020 and December 2024. Furthermore, public charging necessitates greater investment in order for the global micro-mobility charging infrastructure market to expand. Furthermore, the study estimates that in order to achieve 100% passenger electric vehicle sales in the United States by 2035, the country will need to invest US$87 Bn in charging infrastructure between 2021 and 2030. Nearly 45% of these, or approximately US$39 Bn, should be sanctioned for public charging. As a result, the assessment recommends US$6.9 Bn in funding to successfully implement a charging network to support full electrification in the United States beginning in 2021.

COVID-19 Impact Analysis on Micro-Mobility Charging Infrastructure Market

According to a Catapult report, as lockdowns become easier, Chinese cities are shifting away from public transportation and toward private vehicles. 45% of those polled by Venson Automotive Solutions saw a significant improvement in air quality as a result of the lockdown, prompting them to consider purchasing an EV. In addition, 17% confirmed their intention to purchase an electric vehicle. As a result of the pandemic, there has been an increase in micro-mobility, which provides a unique solution to the first mile/last mile problem, particularly in rural areas that are underserved by public transportation. As a result of the past lockdown experience, micro-mobility charging infrastructure would benefit from building more micro-mobility friendly street infrastructure, as well as stimulus packages and investments triggering EV infrastructure as part of the recovery.

Micro-Mobility Charging Infrastructure Market Growth 2022 - 2030

Micro-Mobility Charging Infrastructure Market Segmentation

The worldwide micro mobility charging infrastructure market is split based on vehicle type, charger type, power source, end-use, and geography.

Based on vehicle type, the e-scooters segment will record reasonable market share for the micro-mobility charging infrastructure market. By charger type, the wired segment holds the dominating share for the micro-mobility charging infrastructure market. Based on power source, the battery-powered segment dominates the market by recording reasonable market share contributing for the growth of global micro-mobility charging infrastructure market. Furthermore, based on end-user, the residential segment contributes maximum for the growth of global micro-mobility charging infrastructure market by accounting reasonable share

Micro-Mobility Charging Infrastructure Market By Vehicle Type

  • E-Scooters
  • E-Bikes
  • E-Unicycles
  • E-skateboards

Based on vehicle type, e-scooters over 60% of the overall market share in 2021

Micro-Mobility Charging Infrastructure Market By Charger Type

  • Wired
  • Wireless

Micro-Mobility Charging Infrastructure Market By Power Source

  • Solar Powered
  • Battery Powered

Micro-Mobility Charging Infrastructure Market By End-Use

  • Commercial
  • Residential

Growing investment in micro-mobility will fuel the global micro-mobility charging infrastructure market value

Micro-Mobility Charging Infrastructure Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Micro-Mobility Charging Infrastructure Market Regional Analysis

Asia-Pacific Dominates; North America Accounts For the Fastest Growing Regional Market for Micro-Mobility Charging Infrastructure Market

Asia-Pacific will dominate the market for micro-mobility charging infrastructure. This is due to the high level of interest among leading players or companies and startups in introducing newer micro-mobility projects in automotive. This is one of the most important factors driving the growth of the micro-mobility charging infrastructure market. For example, Neuron Mobility, a Singapore-based smart e-scooter startup, saw e-mobility as a lucrative opportunity for the country to remain competitive. Neuron Mobility, founded in 2016, has some of the industry's earliest patents on a smart scooter and intelligent charging solutions for the personal mobility space.

Micro-Mobility Charging Infrastructure Market Players

Some of the global micro-mobility charging infrastructure companies include Ather Energy, Robert Bosch GmbH, Bikeep, Bike-energy, Continental AG, Magment GmbH, Perch mobility, Solum PV, Electrify America, Ground Control Systems, Neuron Mobility, SWIFTMILE, and others.Asia-Pacific Dominates; North America Accounts For the Fastest Growing Regional Market for Micro-Mobility Charging Infrastructure Market

Frequently Asked Questions

What is the size of global micro-mobility charging infrastructure market in 2021?

The market size of micro-mobility charging infrastructure market in 2021 was accounted to be USD 3.7 Billion.

What is the CAGR of global micro-mobility charging infrastructure market during forecast period of 2022 to 2030?

The projected CAGR of micro-mobility charging infrastructure market during the analysis period of 2022 to 2030 is 22.4%.

Which are the key players operating in the market?

The prominent players of the global micro-mobility charging infrastructure market are Ather Energy, Robert Bosch GmbH, Bikeep, Bike-energy, Continental AG, Magment GmbH, Perch mobility, Solum PV, Electrify America, Ground Control Systems, Neuron Mobility, and SWIFTMILE.

Which region held the dominating position in the global micro-mobility charging infrastructure market?

Asia-Pacific held the dominating micro-mobility charging infrastructure during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

North America region exhibited fastest growing CAGR for micro-mobility charging infrastructure during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global micro-mobility charging infrastructure market?

Growing concern over green house emission, rising demand for electric vehicles, and increasing number of e-scooters due to increased fuel prices drives the growth of global micro-mobility charging infrastructure market.

Which vehicle type held the maximum share in 2021?

Based on vehicle type, e-scooters segment is expected to hold the maximum share micro-mobility charging infrastructure market.

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