SAN FRANCISCO, July 15, 2021 /PRNewswire/ -- The global micro-mobility charging infrastructure market size is expected to reach USD 16.64 billion by 2028, registering a CAGR of 23.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing awareness about green transportation modes is expected to propel the adoption of Micro-mobility across the globe. This, as a result, is expected to create growth opportunities for the market over the forecast period.
Nowadays, Micro-mobility is preferred over public transportation owing to the increasing awareness about hygiene. Moreover, as congestion in urban cities is increasing at a rapid pace, consumers are focusing on adopting shared e-bikes. Increasing consumer demand for Micro-mobility is further expected to drive market growth over the forecast period.
Key Insights & Findings:
Numerous Micro-mobility companies are focusing on implementing dock less systems for e-scooters in parking zones. This, as a result, is expected to propel the e-scooters segment growth over the forecast period
The wireless segment is expected to witness significant growth over the forecast period. The wireless charging stations are made of coil technology and magnetic concrete, which enables widespread alignment tolerance and better vertical wireless power transmission distance
E-scooters and e-bike users are focusing on using solar-powered charging stations. Moreover, these stations are simpler to integrate with vehicle charging tools. Various buildings with solar panels can charge the vehicle's batteries through these stations
Smart cities and smart workplace initiatives across the globe are expected to create awareness among Micro-mobility customers. This, as a result, is expected to create growth opportunities for the residential segment over the forecast period
Around 50 million people in the U.S. travel using bicycles regularly. This, in turn, is expected to fuel the growth of the regional market
With cities across the globe are focusing on solving their transportation crisis amid increasing concerns about gas-powered emissions, Micro-mobility is emerging as an efficient alternative to public transit. The increasing adoption of e-scooters and e-bikes to lower the environmental footprint and improve the method of transportation is expected to propel market growth over the forecast period. Numerous startups across the globe have raised venture capital, thereby creating growth opportunities for the market.
The outbreak of the COVID-19 pandemic is expected to adversely impact the market. With the number of passengers, kilometers toured declining 50% to 60% across the globe since the beginning of the COVID-19 pandemic, the use of Micro-mobility charging infrastructure has declined dramatically. However, the market is expected to make a strong post-pandemic recovery owing to the rising awareness about social distancing and ease of access through Micro-mobility.
Grand View Research has segmented the global micro-mobility charging infrastructure market based on vehicle type, charger type, power source, end use, and region:
Micro-mobility Charging Infrastructure Vehicle Type Outlook (Revenue, USD Million, 2016 - 2028)
Micro-mobility Charging Infrastructure Charger Type Outlook (Revenue, USD Million, 2016 - 2028)
Micro-mobility Charging Infrastructure Power Source Outlook (Revenue, USD Million, 2016 - 2028)
List of Key Players of Micro-mobility Charging Infrastructure Market
Get Charged, Inc.
Giulio Barbieri SRL
Ground Control Systems
Robert Bosch GmbH
The Mobility House GmbH
Check out more studies related to electric vehicles, by Grand View Research:
Electric Vehicle Charging Infrastructure Market – The global electric vehicle charging infrastructure market size was valued at USD 15.06 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 33.4% from 2021 to 2028.
On-Demand Transportation Market – The global on-demand transportation market size was valued at USD 75.0 Billion in 2017 and is anticipated to expand at CAGR of 19.8% from 2018 to 2025.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.