Micro Mobility Charging Infrastructure Market Estimated To Witness High Growth Owing To Increasing Adoption Of E-Scooters
The Micro Mobility Charging Infrastructure market is estimated to be valued at US$ 5160.99885 Mn in 2023 and is expected to exhibit a CAGR of 20.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The micro mobility charging infrastructure market refers to the supporting infrastructure required for charging micro mobility vehicles such as electric bikes, electric scooters and other micromobility vehicles. This includes hardware components such as docking stations, portable chargers as well as software platforms for managing and monitoring charging operations. The growing adoption of shared and personal micro mobility services has led OEMs and infrastructure providers to invest in developing optimized charging solutions.
Market Dynamics:
Rising adoption of e-scooters and electric bikes is a major factor driving demand for micro mobility charging infrastructure solutions. The emergence of shared micro mobility services in various cities has created a need for large-scale centralized charging capabilities. Moreover, rapid fleet expansion plans by shared mobility operators is encouraging infrastructure development. For example, Lime and Bird announced plans to deploy over 1 million e-scooters across North America, Europe and other regions over the next two years. This widespread distribution of electric micromobility vehicles will require reliable and efficient charging networks to be established. Additionally, ongoing infrastructure upgrades in various cities to accommodate micro mobility lanes and docking stations present new growth opportunities.
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