The Growth Of Micro-Mobility Charging Infrastructure Market Growth Is Driven By Surging Usage Of E-Scooters

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Micro-mobility Charging Infrastructure refers to infrastructure that allows for the safe and efficient charging of micro-mobility vehicles such as e-scooters, e-bikes and other small electric vehicles. It includes swappable battery infrastructure, charging stations and networks that facilitate charging on the go as well as at designated locations. Micro-mobility Charging Infrastructure plays a crucial role in supporting the exponential growth of shared micro-mobility services across major cities globally. The usage of e-scooters in particular has surged in recent years due to their affordability, ease of use and environment-friendly nature. Micro-mobility Charging Infrastructure helps address range anxiety issues for e-scooter users while also enabling efficient fleet maintenance and management for sharing service operators.

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. These players are focusing on developing advanced and sustainable charging solutions to cater to the massive demand.

The growing demand for shared micro-mobility solutions especially e-scooters across major cities globally is driving the need for efficient Micro-mobility Charging Infrastructure. Cities are increasingly deploying docked, dockless and swappable battery stations to promote micro-mobility adoption.

Leading micro-mobility operators are also expanding globally by entering into partnerships with cities. This global expansion is increasing complexity and scale of operations, necessitating robust charging infrastructure with centralized monitoring and maintenance capabilities.

Market Drivers

Surging usage of shared e-scooters for first and last mile connectivity is one of the major drivers. As per estimates, over 165 million shared e-scooter rides were completed globally in 2021 alone. This heavy usage is generating massive demand for charging large fleets in a seamless manner. Governments across countries are also promoting micro-mobility adoption through policies and investments in infrastructure development which is positively impacting the market.

Impact of geopolitical situation on Micro-mobility Charging Infrastructure Market growth and geographical regions

The current geopolitical uncertainties are impacting the growth of the Micro-mobility Charging Infrastructure market. The ongoing Russia-Ukraine war has significantly disrupted the global supply chains. Russia and Ukraine are major exporters of raw materials used in manufacturing charging infrastructure equipment such as lithium, nickel, and copper. The restrictions on Russian exports have increased the prices of these raw materials significantly. This is posing a major challenge for market players as their production costs are rising sharply.

Additionally, the economic sanctions on Russia are weakening the European economy. As Europe is a key market for micro-mobility solutions, the declining consumer spending power in this region is expected to negatively impact the demand for charging infrastructure in the near future. To sustain growth, market players will need to focus on diversifying their sourcing networks and establishing strategic partnerships with suppliers in regions outside Europe and Russia. Developing innovative and cost-effective battery technologies that do not rely heavily on imported raw materials can also help strengthen business continuity.

Geographical regions where Micro-mobility Charging Infrastructure market value is concentrated

The Micro-mobility Charging Infrastructure market is currently concentrated in terms of value in North America and Western Europe. These developed regions accounted for over 60% of the global market value in 2024 led by high adoption of shared electric micro-mobility services in cities across the US and major Western European countries. The growing popularity of modes such as e-scooters and e-bikes for first and last-mile connectivity is driving the need for ubiquitous charging infrastructure in these regions. Moreover, favorable government policies encouraging adoption of greener mobility solutions and investments by vehicle manufacturers are further stimulating market growth in North America and Western Europe.

Fastest growing region for Micro-mobility Charging Infrastructure market

The Asia Pacific region is poised to be the fastest growing market for Micro-mobility Charging Infrastructure during the forecast period from 2024 to 2030. With rising urbanization, traffic congestion levels and air pollution issues plaguing major cities, shared micro-mobility solutions are gaining traction in Asia's developing economies as a more sustainable commute option. Countries like China, India and Southeast Asian nations are witnessing substantial investments by operators to expand fleets of shared e-vehicles. This is propelling the installation of public and commercial charging stations across urban centers. Further, growing focus of local governments on promoting non-motorized transport through subsidies and incentives will continue to drive the Asia Pacific market for Micro-mobility Charging Infrastructure at a rapid pace over the next five years.

 

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