Micro-Mobility Charging Infrastructure Market Expected to Reach US ~$14.29 Billion and CAGR 23.5% by 2028
The global micro-mobility charging infrastructure market size is expected to reach USD 14.29 billion by 2028 according to a new study by Polaris Market Research.
The prominent factors favoring the global market growth include an increase in the proliferation of electric vehicles, particularly e-scooters and e-bikes, growing awareness regarding the flexible transportation alternative among consumers, and a surging focus of government on reducing carbon footprint with ever-increasing greenhouse gas emissions.
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According to a study published by the European Commission, it is valued that emission regulations mandate a mere 95Kg/Km, by 2021, with an additional 15% reduction, by 2025. In 2030, it is expected to further witness a 30% reduction from 2021. The deep concern on reducing carbon footprint is an important driver boosting the micro-mobility charging infrastructure industry growth.
The growth in e-scooters is due to the rise in technological progressions and development in batteries technology and the growing trend among automobile companies to produce environment-friendly vehicles that will boost the segment, whereas e-bikes are projected to grow with the fastest CAGR, owing to the rapid development of charging stations of e-bike globally.
With a spike in urban population over the past decade, micro-mobility can drive a long way to shrink the stress on prevailing transportation networks and provide an affordable and feasible means of moving around. Moreover, as per the United Nations Department of Economic and Social Affairs in 2018, it is estimated that around 55% of the overall world’s population lives in an urban area, and this is likely to rise to 68% by 2050.
Market Participants such as Robert Bosch GmbH, Ground Control Systems, bike-energy, Bikeep, Get Charged, Inc., GiulioBarbieri SRL, SWIFTMILE, The Mobility House GmbH, Magment GmbH, Ather Energy, Perch Mobility, Solum PV, and Flower Turbines, are some of the key players operating in the global market.
Market vendors in the global micro-mobility infrastructure industry are emphasizing significant funds in charging infrastructure to all divisions of the population within the topographical footprint. In line with this, India-based Ather Energy is manufacturing an electric scooter. It has raised USD 51 million in its recent round of funding, led by Flipkart’s investment of USD 32 million.
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Polaris Market Research has segmented the micro-mobility charging infrastructure market report based on vehicle, charger, power source, end-use, and region:
Micro-mobility Charging Infrastructure, Vehicle Outlook (Revenue, USD Billion, 2016 – 2028)
Micro-mobility Charging Infrastructure, Charger Outlook (Revenue, USD Billion, 2016 – 2028)
Micro-mobility Charging Infrastructure, Power Source Outlook (Revenue, USD Billion, 2016 – 2028)
- Solar Powered
- Battery Powered
Micro-mobility Charging Infrastructure, End-Use Outlook (Revenue, USD Billion, 2016 – 2028)
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