Global Micro-Mobility Charging Infrastructure
Market Is Estimated To Witness High Growth Owing To Increasing Adoption of
Electric Scooters & Bicycles

The
global micro-mobility charging infrastructure market is estimated to be valued
at US$4,280.5 million in 2022 and is expected to exhibit a CAGR of 20.57% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.



A) Market Overview:

The micro-mobility charging infrastructure market refers to the infrastructure
required to charge electric scooters and bicycles. It includes charging
stations, docking stations, battery swapping stations, and charging cables.
This infrastructure plays a crucial role in enabling the widespread adoption of
micro-mobility solutions and ensuring the smooth operation of electric
vehicles.



Electric scooters and bicycles have gained significant popularity in recent
years due to their eco-friendly nature and convenience for short-distance
transportation. These vehicles are powered by rechargeable batteries and
require a reliable charging infrastructure to keep them operational. The market
for micro-mobility charging infrastructure is witnessing rapid growth due to
the increasing adoption of electric scooters and bicycles.



B) Market Dynamics:

1. Driver: Increasing adoption of electric scooters and bicycles

The market for micro-mobility charging infrastructure is driven by the growing
adoption of electric scooters and bicycles as a sustainable mode of
transportation. These vehicles offer various benefits, including reduced
traffic congestion, lower emissions, and cost-effectiveness. With governments
and organizations promoting eco-friendly transportation options, the demand for
micro-mobility vehicles is expected to rise, driving the need for an efficient
charging infrastructure.



For instance, companies like Ather Energy, Bikeep, and Get Charged provide
charging solutions for electric scooters, making it convenient for users to
recharge their vehicles. These companies offer smart charging stations that can
be installed at various locations such as airports, shopping malls, and parking
lots.



2. Opportunity: Infrastructure development in emerging economies

Emerging economies present a significant opportunity for the micro-mobility
charging infrastructure market. These regions are witnessing rapid urbanization
and increasing pollution levels, leading to a demand for sustainable
transportation solutions. Governments in countries like India and China are
actively promoting electric vehicles and implementing policies to support their
adoption.



As a result, there is a growing need for an extensive charging infrastructure
network that can support the large-scale deployment of micro-mobility vehicles.
Companies specializing in micro-mobility charging infrastructure, such as
Giulio Barbieri SRL and Perch Mobility, can capitalize on these opportunities
by expanding their operations in emerging economies.



C) Segment Analysis:

The micro-mobility charging infrastructure market can be segmented based on the
type of infrastructure, including charging stations, docking stations, battery
swapping stations, and charging cables. Among these segments, charging stations
dominate the market and are expected to continue their dominance over the
forecast period.



Charging stations are essential infrastructure components as they provide a
convenient and reliable way to charge electric scooters and bicycles. These
stations can be installed at various locations, allowing users to recharge
their vehicles whenever needed. With the increasing adoption of micro-mobility
vehicles, the demand for charging stations is expected to witness significant
growth.



D) PEST Analysis:

Political: Governments worldwide are actively promoting sustainable
transportation solutions and implementing policies to support the adoption of
electric vehicles. This political support is driving the demand for
micro-mobility charging infrastructure.



Economic: The economic factors influencing the micro-mobility charging
infrastructure market include the cost of infrastructure development, charging
fees, and the cost of operating and maintaining the charging infrastructure.



Social: The growing awareness about environmental sustainability and the need
for reducing carbon emissions are driving the demand for micro-mobility
vehicles and, subsequently, the need for charging infrastructure.



Technological: Advancements in charging technologies, such as fast-charging
solutions and smart charging stations, are providing convenient and efficient
charging options for micro-mobility vehicles.



E) Key Takeaways:

1. The global Micro-Mobility
Charging Infrastructure Market Size is expected to witness high growth,
exhibiting a CAGR of 20.57% over the forecast period, due to increasing
adoption of electric scooters and bicycles.

2. The Asia-Pacific region is expected to be the fastest-growing and dominating
region in the micro-mobility charging infrastructure market, driven by the
rapid urbanization and government support for sustainable transportation
solutions.

3. Key players operating in the global micro-mobility charging infrastructure
market include Ather Energy, bike-energy, Bikeep, Get Charged, Inc., Giulio
Barbieri SRL, Ground Control Systems, Magment GmbH, Perch Mobility, Robert
Bosch GmbH, Solum PV, SWIFTMILE, and the Mobility House GmbH. These companies
are focusing on developing innovative charging solutions to cater to the
growing demand for micro-mobility vehicles.