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| Global micro-mobility charging infrastructure Market |
The micro-mobility charging infrastructure market comprises charging
infrastructure for micro-mobility vehicles such as electric scooters, electric
bikes and shared bikes. The need for charging infrastructure arises as these
vehicles rely on rechargeable lithium-ion batteries for operation.
Micro-mobility services provide reliable transportation options for covering
short-distances also known as last-mile connectivity.
The Global micro-mobility charging infrastructure
Market is estimated to be valued at US$
5945.48 Bn in 2024 and is expected
to exhibit a CAGR of 9.7% over the
forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Micro-Mobility
Charging Infrastructure Market Growth are GE Healthcare, Draegerwerk
AG, Philips Healthcare, Medtronic plc, Fisher & Paykel Healthcare
Corporation, Hill-Rom Holdings Inc., Spectrum Medical, L&T Healthcare,
Jiangsu Yuyue Medical Equipment Co., Ltd., Nanjing Xinbai Medical Devices Co.,
Ltd. Second key players in the market are offering customized infrastructure
solutions for efficient charging of large fleets of micro-mobility vehicles.
This is helping operators in improving fleet utilization and expanding
services. The increasing preference for shared mobility solutions and
investments by market players in developing advanced charging technologies
present significant growth opportunities. Major players are entering
partnerships to establish standardized charging networks globally and tap
international markets for micro-mobility services.
Market drivers and restrain
Growing urbanization leading to increased demand for sustainable solutions for
last-mile connectivity is a key driver for the micro-mobility charging
infrastructure market. Micro-mobility vehicles address the need for affordable
commuting options and help reduce traffic congestion in cities. Supportive
government policies for promoting shared micro-mobility systems also aid market
growth. However, high initial capital investments and complexities in setting
up widespread public charging networks are major restrain. Establishing uniform
charging standards acceptable to all operators globally remains a challenge.
Segment Analysis
Micro-mobility Charging Infrastructure Market has two dominating sub-segments.
The battery swapping segment captures around 52% share mainly due to the
modular design concept enabling quick swapping of depleted batteries with fully
charged ones at automated stations. This reduces downtime and improves vehicle
utilization for shared fleets. Docking stations segment holds around 48% share
as it is a simple and cost-effective solution allowing parking and charging of
vehicles simultaneously. It offers deployment flexibility and has become a
preferred solution for urban communities and campuses with dedicated parking
spaces.
Regional Analysis
North America dominates with a share of over 35% in the overall market as
adoption of shared mobility services is robust along with supportive
regulations and infrastructure development initiatives in cities. The Asia
Pacific region is witnessing fastest growth at a CAGR of 11.3% during the
forecast period due to increasing investments by shared micro-mobility
operators for fleet expansion across major Asian countries to tap rising
consumer demand. China accounts for largest revenues in APAC with growing
preferences for eco-friendly commute options in densely populated urban
centers.
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Charging Infrastructure Market