The global micro-mobility charging infrastructures market was valued at USD 3.8 billion in 2021 and is expected to reach USD 36.6 billion by 2032, according to a recent survey by Future Market Insights (FMI). The market is projected to grow at a robust CAGR of 22.5%, with wired charging solutions leading the revenue share.
Wired Charging Dominates the Market
Wired charging is anticipated to maintain its dominance in the micro-mobility charging infrastructure market due to its advantages in speed, range, and thermal loss management. While wireless charging is being explored as an emerging technology, ongoing research aims to enhance its efficiency. However, wired solutions are expected to remain the primary choice for charging infrastructures in the foreseeable future.
U.S. to Continue as Market Leader
The United States is projected to sustain its position as the largest market for micro-mobility charging infrastructure throughout the forecast period. Legislative initiatives such as the Bipartisan Infrastructure Law, which allocates approximately USD 7.5 billion for establishing a national EV charger network, alongside programs like the CMAQ Program and Surface Transportation Block Grant funding, are expected to boost demand significantly.
Comprehensive Market Insights: Full Report Overview
Recent Developments in the Market
Key players in the micro-mobility charging infrastructure sector are making notable advancements:
- Statiq and Hala Mobility Partnership: In June 2022, charging network provider Statiq partnered with micro-mobility EV startup Hala to enable Hala’s users to access Statiq’s extensive charging network.
- Gogoro’s Public Listing: In April 2022, Gogoro went public on NASDAQ after a SPAC merger with Poema Global, trading under the symbols GGROW and GGR for warrants and shares.
- Swobbee’s Funding: Germany-based Swobbee raised USD 6.5 million in Series A funding in March 2022, focusing on battery swapping commercialization.
- Swing’s Expansion Plans: In February 2022, South Korea’s Swing secured USD 24 million in Series B funding to expand its fleet and enter the Japanese market.
- Strategic Partnerships: Germany’s Soltsol AG partnered with Swiftmile in January 2022 to establish LEV hubs throughout the European Union, starting in Germany.
- Perch Mobility and LAZ Parking Collaboration: Announced in September 2021, this partnership aims to set up Community Charging Portals in LAZ locations.
- LG Electronics and Kickgoing Initiative: In May 2021, they announced plans for 20 wireless electric scooter charging spots in Bucheon, South Korea.
- Gogoro’s Joint Venture in China: In October 2021, Gogoro, along with Yadea and DaChangJiang, invested USD 50 million to launch battery swap stations and compatible vehicles under the Huan Huan brand.
- HeroMotoCorp and Gogoro Partnership: Announced in April 2021, this collaboration aims to create a battery swapping joint venture, combining Gogoro’s expertise with Hero’s scooter manufacturing capabilities for the Indian market.
“Micro-mobility Charging Infrastructure manufacturers nowadays are closely working on improving their customer base, adapting to government policies, and developing safer and greener technologies.”- comments an analyst at Future Market Insights.
Micro-mobility Charging Infrastructures Market: Competition Insights
At present, Micro-mobility Charging Infrastructure providers are largely aiming at gaining a foothold in the market and adapting to new technology and legislation. The key companies operating in the flexible screen market include Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., Gogoro, Ground Control Systems, Kuhmute Inc., Magment GmbH, Meredot SIA, Numocity Technologies Pvt Ltd., PBSC Urban Solutions, Perch Mobility, Robert Bosch GmbH, Siemens AG, Solum PV. Swiftmile, The Mobility House GmbH, Tier and WiTricity among others.
Key Segments Covered in Micro-Mobility Charging Infrastructure Industry Survey
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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