The Global Micro-mobility Charging Infrastructures Market was valued at US$ 3.8 Bn in 2021 and is expected to reach US$ 31.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey.
As per the findings of the report, wired Micro-mobility Charging
Infrastructures will remain pivotal for the market as the bulk of
revenue will be generated through this category, with a forecasted CAGR
of 21.9%.
Wired Chargers to contribute the most to revenue
Wired Charging is expected to continue being the top category. It has an
advantage over Wireless charging in speed, range and the ease of
managing the thermal loss. Switching over to wireless may become an
emerging technology as research increases in improving their efficiency.
The US to continue being the leading component of revenue in the forecast period
The US will continue to be the leading market for micro-mobility charging
infrastructure demand. Legislature such as the Bipartisan Infrastructure
Law or the Infrastructure Investment and Jobs act, which assigned
approximately US$ 7.5 Bn as funding for the building of a national
network of EV chargers, and other programs such as the CMAQ Program and
Surface Transportation Block Grant funding, will positively influence
demand.
“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
Some of the recent developments by key providers of Micro-mobility Charging Infrastructure are as follows:
- In June 2022, Statiq, a charging network provider and Hala mobility, a mico-mobility
EV startup announced a partnership that will allow Hala’s users to
benefit from Statiq’s charging network. - In April 2022, Gogoro went public, listing on NASDAQ after a SPAC deal merger with Poema
Global as Gogoro, Inc under the symbols GGROW and GGR for warrants and
shares. - In March 2022, Germany-based Swobbee raised US$6.5 Mn in Series A funding. The company focuses on the commercialization of battery swapping.
- In February 2022, South Korea’s Swing raised US$24 Mn in Series B funding. The company
plans to use the funds raised to increase their fleet and progress into
the market in Japan. - In January 2022, Germany’s Soltsol AG and announced a strategic partnership with Swiftmile. They
plan to collaborate to establish LEV hubs at locations throughout the
European Union, starting with Germany. - In September 2021, Perch Mobility announced a partnership with LAZ Parking. The two
companies plan to collaborate through the establishment of Perch’s
Community Charging Portals in LAZ spots. - In May 2021, South Korea’s LG Electronics Inc announced a partnership with Kickgoing. The
two collaborated to establish 20 wireless electric scooter charging
spots in Bucheon, South Korea. - In October 2021, in the joint venture created by battery swapping provider Gogoro and
China’s Yadea and DaChangJiang, both vehicle manufacturers invested a
combined US$ 50 Mn into the venture. They initially launched 45 battery
swap stations and compatible vehicles in Hangzhou, under the Huan Huan
brand. - In April 2021, HeroMotoCorp and GogoroInc announced a strategic partnership. Under this partnership,
they plan to establish a battery swapping joint venture under which they
will combine Gogoro’s battery swapping expertise and Hero’s expertise
in the manufacturing of scooters to introduce new vehicles for the
Indian Market.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of
the micro-mobility charging infrastructure Market, presenting historical
market data (2017-2021) and forecast statistics for the period of
2022-2032.
The study reveals extensive growth in micro-mobility charging infrastructure in terms of 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), across five regions (North America, Latin America, Europe,
Asia Pacific and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting &
market research firm, a member of the Greater New York Chamber of
Commerce and is headquartered in Delaware, USA. A recipient of Clutch
Leaders Award 2022 on account of high client score (4.9/5), we have been
collaborating with global enterprises in their business transformation
journey and helping them deliver on their business ambitions. 80% of the
largest Forbes 1000 enterprises are our clients. We serve global
clients across all leading & niche market segments across all major
industries.
