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Micro-mobility Charging Infrastructure Market 2024 Mega Trends, Industry Growth, Future Outlook And Forecast To 2033
Micro-mobility Charging Infrastructure Market Share
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According to The Business Research Company's, The micro-mobility charging infrastructure market size has grown exponentially in recent years. It will grow from $5.66 billion in 2023 to $7.06 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%. The growth in the historic period can be attributed to business viability and market competition, user experience enhancement, consumer adoption and demand, emergence of micro-mobility services, urbanization and last-mile solutions.
The micro-mobility charging infrastructure market size is expected to see exponential growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to market competitiveness and demand, smart city initiatives, user convenience, environmental concerns, integration with public transport networks. Major trends in the forecast period include financial viability and roi, urbanization and congestion solutions, environmentally conscious solutions, collaboration with urban planners.
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Market Drivers and Trends:
The increasing climatic change is expected to boost the growth of the micro-mobility charging infrastructure market going forward. Climatic change refers to a long-term alteration in the average weather patterns of a region or the Earth as a whole. The growing concern about climate change is creating a favorable environment for the micro-mobility charging infrastructure market by encouraging the adoption of electric vehicles as a sustainable and eco-friendly mode of transportation. For instance, in October 2023, according to a report published by the World Health Organization (WHO), a Switzerland-based intergovernmental organization, about 3.6 billion individuals reside in regions highly vulnerable to the impacts of climate change by 2023. It is projected that from 2030 to 2050, climate change will lead to an estimated annual increase of approximately 250,000 deaths due to factors such as undernutrition, malaria, diarrhea, and heat stress. Therefore, the increasing climatic change is driving the growth of the micro-mobility charging infrastructure market.
Technological advancement is the key trend gaining popularity in micro mobility charging infrastructure market. Major companies operating in micro mobility charging infrastructure are focusing on developing new innovative products using technological advancements to improve their offerings and enhance user experience. For instance, in August 2022, Dat Bike, a Vietnam-based provider of electric vehicles launched Dat Charge an ultra-fast charging station for its electric-bikes. Dat Charge cuts EV charging time by charging 100km in 20 minutes as opposed to 60 minutes or more for normal EV charging stations.
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Major Key Players of the Market:
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.
Micro-mobility Charging Infrastructure Market 2024 Key Insights:
• The micro-mobility charging infrastructure market size is expected to see exponential growth in the next few years. It will grow to $16.36 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%.
• Surge In E-Scooter And E-Bike Adoption Accelerating Micro-Mobility Charging Infrastructure Market
• Technological Advancements In Charging Infrastructure
• Asia-Pacific was the largest region in the micro-mobility charging infrastructure market share in 2023
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