Micro-mobility Charging Infrastructure Market (By Vehicle Type: E-scooters, E-bikes, E-unicycles, E-skateboards; By Charger Type: Wired, Wireless; By Power Source: Solar Powered, Battery Powered; By End-use: Commercial, Residential; ) - Global Industry Analysis, Market Size, Opportunities and Forecast 2021 - 2028

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 190

The global micro-mobility charging infrastructure market is expected to grow at a CAGR of around 22.5% from 2021 to 2028 and expected to reach the market value of around US$ 13.9 Bn by 2028.

Micro-mobility solutions (such as electric hover boards, bikes, and scooters) are rapidly expanding in towns and cities. "Charge," a micro-mobility company based in the United States, has expanded its global footprint, particularly in the United States and Europe, by installing charging stations for e-scooters and other micro-mobility vehicles in 6,000 locations. Micro-mobility is also supported by very light vehicles such as e-scooters and skateboards.

Market Trends

Big calls for solar micro-mobility have gained significant attention in the worldwide market

The development and implementation of solar charging stations for two-wheeler vehicles involving personal or shared e-bicycle or e-scooter services constitutes solar micro-mobility infrastructure. The Sol Design Lab's Electric Drive Solar Kiosk, for example, is an innovation and combination of solar technology, energy storage, public art, and civil place making. The solar-powered kiosk has charging stations for e-bikes, scooters, and wheelchairs, as well as mobile electronics. In addition, Austin Energy received US$1.6 million from the Texas Commission on Environmental Quality to expand their EV charging infrastructure in response to the success and popularity of the Electric Drive pilot program, which won the Austin Green Award in 2017. As a result, solar charging infrastructure has a significant impact on this new mode of transportation.

Market Drivers

High adoption of micro-mobility charging infrastructure controls environmental pollution acts as a cost effective technique

Micro-mobility charging infrastructure is becoming increasingly important in the global market. For example, Tier, a German micromobility operator, recently received a US$296.3 Mn investment from Softbank to establish an energy network. Charging infrastructure is a critical component in making micro mobility operations financially sustainable. Apart from that, most station providers have a proprietary connector that is added to the various vehicles, allowing them to be docked and charged in their network premises. This process is inconvenient and slows the expansion of the micro-mobility charging infrastructure network.

Different charging techniques bolster the growth of global micro-mobility charging infrastructure market

Improvements in charging techniques, such as wireless charging, reduce the number of refueling stops needed by electric vehicles (EV). Some of the major wireless charger manufacturers claimed to have achieved 94% efficiency. The charging time of an EV needed to be reduced for faster adoption of EVs, resulting in the development of fast acting chargers of around 350 KW. To accomplish this, the power handling capacity of batteries must be increased to allow for fast charging without reducing their life span. Furthermore, fast chargers should be made more affordable on the global market. Manufacturers are designing systems and parts for EVs that include liquid cooled charging inlets and couplers designed to extract waste heat through fast charging in order to meet such criteria as fast charging or large scale rapid charging infrastructure. Battery swapping is another option for reducing charging time, in which a new battery replaces a discharged one during installation.

High government involvement stimulates the growth of global micro-mobility infrastructure market

According to a report released by Electric Autonomy Canada in April 2021, the government's investment in electric vehicle charging infrastructure to date totals US$376 Mn. These include US$226 Mn spent between December 2016 and 2020, as well as an additional US$150 Mn spent between December 2020 and December 2024. Furthermore, public charging necessitates greater investment in order for the global micro-mobility charging infrastructure market to expand. Furthermore, the study estimates that in order to achieve 100% passenger electric vehicle sales in the United States by 2035, the country will need to invest US$87 Bn in charging infrastructure between 2021 and 2030. Nearly 45% of these, or approximately US$39 Bn, should be sanctioned for public charging. As a result, the assessment recommends US$6.9 Bn in funding to successfully implement a charging network to support full electrification in the United States beginning in 2021.

COVID-19 impact analysis on micro-mobility charging infrastructure market

According to a Catapult report, as lockdowns become easier, Chinese cities are shifting away from public transportation and toward private vehicles. 45% of those polled by Venson Automotive Solutions saw a significant improvement in air quality as a result of the lockdown, prompting them to consider purchasing an EV. In addition, 17% confirmed their intention to purchase an electric vehicle. As a result of the pandemic, there has been an increase in micro-mobility, which provides a unique solution to the first mile/last mile problem, particularly in rural areas that are underserved by public transportation. As a result of the past lockdown experience, micro-mobility charging infrastructure would benefit from building more micro-mobility friendly street infrastructure, as well as stimulus packages and investments triggering EV infrastructure as part of the recovery.

Market Segmentation

The global micro-mobility charging infrastructure market is segmented by vehicle type, charger type, power-source, and end-user. Based on vehicle type, the market is segmented as E-scooters, e-bikes, e-unicycles, and e-skateboards. By charger type, the market is classified into wired and wireless. By power source, the market is bifurcated into solar powered and battery powered. Furthermore, based on end-user, the market is segregated as commercial and residential.

Based on vehicle type, the e-scooters segment will record reasonable market share for the micro-mobility charging infrastructure market. By charger type, the wired segment holds the dominating share for the micro-mobility charging infrastructure market. Based on power source, the battery-powered segment dominates the market by recording reasonable market share contributing for the growth of global micro-mobility charging infrastructure market. Furthermore, based on end-user, the residential segment contributes maximum for the growth of global micro-mobility charging infrastructure market by accounting reasonable share.

Regional Landscape

Asia Pacific dominates; North America accounts for the fastest growing regional market for micro-mobility charging infrastructure market

Asia Pacific will dominate the market for micro-mobility charging infrastructure. This is due to the high level of interest among leading players or companies and startups in introducing newer micro-mobility projects in automotive. This is one of the most important factors driving the growth of the micro-mobility charging infrastructure market. For example, Neuron Mobility, a Singapore-based smart e-scooter startup, saw e-mobility as a lucrative opportunity for the country to remain competitive. Neuron Mobility, founded in 2016, has some of the industry's earliest patents on a smart scooter and intelligent charging solutions for the personal mobility space.

Competitive Landscape

The prominent players of the global micro-mobility charging infrastructure market involve Swiftmile, Neuron Mobility, Electrify America, Stable Auto Corporation, Alfen N.V., Allego B.V., Continental AG, Leviton Manufacturing Co., Inc., Magna International Inc., SemaConnect, and among others

Market Segmentation

Market By Vehicle Type

E-scooters
E-bikes
E-unicycles
E-skateboards

Market By Charger Type

Wired
Wireless

Market By Power Source

Solar Powered
Battery Powered

Market By End-use

Commercial
Residential

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa


Frequently Asked Questions

Micro-mobility charging infrastructure market is expected to reach a market value of around US$ 13.9 Bn by 2028.

The micro-mobility charging infrastructure market is expected to grow at a CAGR of around 22.5% from 2021 to 2028.

Based on vehicle type, e-scooter segment is the leading segment in the overall market.

High government involvement is one of the prominent factors that drive the demand for micro-mobility charging infrastructure market.

Swiftmile, Neuron Mobility, Electrify America, Stable Auto Corporation, Alfen N.V., Allego B.V., Continental AG, Leviton Manufacturing Co., Inc., Magna International Inc., Sema Connect, and among others.

Asia Pacific is anticipated to grab the highest market share in the regional market

North America is expected to be the fastest growing market in the forthcoming years

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