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Global Micro-mobility Charging Infrastructure Market to Reach $19.56 Billion by 2029, Growing at 23% CAGR
Global Micro-mobility Charging Infrastructure Market
The growth of the micro-mobility charging infrastructure market is anticipated to be propelled by the increasing adoption of e-scooters and e-bikes. Both e-bikes and e-scooters are traditional bikes, equipped with an electric motor to aid the pedaling action, thereby reducing strain or eliminating the need to pedal altogether. Recently, the necessity to maintain social distancing as a preventive measure against COVID-19 has led to a surge in demand for personal e-mobility. Adding to this, global concerns about climate change and achieving net-zero emissions are triggering a shift towards emission-free transportation forms. This transition results in higher e-vehicle production, thus bolstering the demand for micro-mobility charging infrastructure. The Office of Energy Efficiency and Renewable Energy, a government agency based in the United States, reported that around 1.1 million e-bikes were sold in the US in 2022, reflecting nearly a quadruple increase in sales compared to the past three years as of December 2023. Consequently, escalating adoption of e-scooters and e-bikes is expected to steer upward progress for the micro-mobility charging infrastructure market.
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What is the projected compound annual growth rate (CAGR) of the micro-mobility charging infrastructure market from 2025 to 2034, and what factors influence it?
In recent times, the micro-mobility charging infrastructure market has experienced a remarkable expansion. The market size, which is predicted to escalate from $6.96 billion in 2024 to $8.64 billion in 2025, is anticipating a compound annual growth rate (CAGR) of 24.1%. Factors such as business profitability, competitive market environment, improved user experience, increased consumer adoption and demand, the rise of micro-mobility services, urbanization, and the implementation of last-mile solutions, have significantly contributed to this growth during the historical period.
The market size of the micro-mobility charging infrastructure is set to undergo massive expansion in the forthcoming years, projected to reach $19.56 billion by 2029, growing at a compound annual growth rate (CAGR) of 22.7%. This anticipated growth during the projection period can be ascribed to factors like market competitiveness and demand, initiatives for smart cities, user convenience, ecological worries, and integration with public transport systems. Key trends for the forecast period comprise financial viability and returns on investment, solutions for urbanization and congestion, eco-friendly solutions, and collaborations with city planners.
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How are the latest trends influencing the growth of the micro-mobility charging infrastructure market?
The significant rise in technological progression is a leading trend attracting attention within the micro mobility charging infrastructure sector. Prime enterprises in this industry are putting their efforts into creating innovative solutions through technological development, aiming to augment their offerings and elevate user experiences. For instance, Dat Bike, an electric vehicle provider based in Vietnam, introduced Dat Charge in August 2022, an ultra-fast charging station for its electric bikes. This innovation has significantly reduced EV charging time, enabling a charge of 100km in just 20 minutes compared to the regular 60 minutes or more at standard EV charging stations.
What are the major segments of the micro-mobility charging infrastructure market and their role in driving 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
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Which regions are key players in the growth of the micro-mobility charging infrastructure market?
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.
Who are the key firms paving the way for growth 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.
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What Is Covered In The Micro-mobility Charging Infrastructure Global Market Report?
• Market Size Forecast: Examine the micro-mobility charging infrastructure market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the micro-mobility charging infrastructure market for a structured understanding.
• Key Players Overview: Analyze major players in the micro-mobility charging infrastructure market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the micro-mobility charging infrastructure market.
• Segment Contributions: Evaluate how different segments drive overall growth in the micro-mobility charging infrastructure market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the micro-mobility charging infrastructure market.
• Industry Challenges: Identify potential risks and obstacles affecting the micro-mobility charging infrastructure market.
• Competitive Landscape: Review strategic developments in the micro-mobility charging infrastructure market, including expansions, agreements, and new product launches.
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