Micro Mobility Charging Infrastructure Market Size, Share, Industry Trends and Forecast to 2030

Micro Mobility Charging Infrastructure Market Size & CAGR in 2021

The global micro mobility charging infrastructure market is estimated to have a phenomenal growth rate, with a CAGR of 6.75% from 2021 to 2025. The market is expected to reach a value of USD 1.2 billion by the end of 2021.

COVID-19 Impact on the Micro Mobility Charging Infrastructure Market

The COVID-19 pandemic has had a significant impact on the micro mobility charging infrastructure market. With lockdowns and restrictions in place, the demand for micro mobility services decreased initially. However, as people started to avoid public transportation and opt for safer alternatives, the demand for micro mobility solutions increased, driving the need for more charging infrastructure.

The pandemic also highlighted the importance of sustainability and eco-friendly modes of transportation, further boosting the adoption of micro mobility solutions and charging infrastructure.

Micro Mobility Charging Infrastructure Dynamics

The micro mobility charging infrastructure market is driven by several key factors, including the increasing adoption of electric scooters, bikes, and other micro mobility vehicles in urban areas. The growing concern for environmental sustainability and the need to reduce carbon emissions have also propelled the demand for micro mobility charging infrastructure.

Furthermore, advancements in technology, such as fast charging solutions and innovative battery technologies, have made charging infrastructure more efficient and accessible, driving the growth of the market.

Segments and Related Analysis

The micro mobility charging infrastructure market can be segmented based on the type of infrastructure, including public charging stations, private charging stations, and others. Public charging stations are expected to dominate the market as they cater to a larger user base and provide convenient access to charging facilities.

In terms of vehicle type, the market can be segmented into electric scooters, electric bikes, and others. Electric scooters are anticipated to hold the largest market share due to their popularity in urban areas and the need for sustainable last-mile transportation solutions.

By Region Analysis

The micro mobility charging infrastructure market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to lead the market due to the high adoption of micro mobility solutions and supportive government initiatives for sustainable transportation.

Europe is also expected to witness significant growth in the market, driven by stringent emission regulations and the presence of major players in the region focusing on the development of charging infrastructure.

Key Market Players and Competitive Landscape

Some of the key players in the micro mobility charging infrastructure market include ChargePoint, EVBox, Blink Charging, and Bird. These companies are actively involved in strategic partnerships, product innovations, and geographical expansions to strengthen their market position.

The competitive landscape of the market is intense, with players focusing on offering technologically advanced and user-friendly charging solutions to cater to the growing demand for micro mobility services.

Recent Happenings in the Micro Mobility Charging Infrastructure Market

In recent developments, ChargePoint announced the expansion of its charging infrastructure network to support the growing demand for electric micro mobility vehicles. The company aims to deploy thousands of new charging stations across key urban areas to meet the needs of micro mobility users.

EVBox launched a new ultra-fast charging station designed specifically for electric scooters and bikes. The compact and efficient charging solution aims to provide quick and convenient charging options for micro mobility users in urban environments.

These recent happenings underscore the growing importance of charging infrastructure in the micro mobility market and highlight the efforts of key players to meet the evolving needs of users.