The Increasing Adoption of Electric Vehicles (EVs) has Propelled the Growth of the Micro-Mobility Charging Infrastructure Market in the APAC Region!
- Himanshu Patni
- July 29, 2023
- AUTOMOTIVE, NEWS
- Bahrain Micro-Mobility Charging Infrastructure Market, Kuwait Micro-Mobility Charging Infrastructure Market, Micro-Mobility Charging Infrastructure Market, Micro-Mobility Charging Infrastructure Market Analysis, Micro-Mobility Charging Infrastructure Market Forecast, Micro-Mobility Charging Infrastructure Market Growth, Micro-Mobility Charging Infrastructure Market Share, Micro-Mobility Charging Infrastructure Market Trends, Middle East Micro-Mobility Charging Infrastructure Market, Oman Micro-Mobility Charging Infrastructure Market, Qatar Micro-Mobility Charging Infrastructure Market, Saudi Arabia Micro-Mobility Charging Infrastructure Market, UAE Micro-Mobility Charging Infrastructure Market
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The region has witnessed a surge in the number of EVs on its roads, driven by government initiatives and incentives, rising fuel costs, and growing environmental concerns. This has created a significant demand for micro-mobility charging infrastructure, which includes charging stations for electric scooters, bikes, and other small EVs. One of the major drivers of this growth is the increasing popularity of shared mobility services. Many countries in the Asia Pacific region are witnessing a rise in bike-sharing and scooter-sharing services, which require a robust charging infrastructure to support their operations. Moreover, the growing trend of last-mile deliveries, particularly in urban areas, has also fueled the demand for micro-mobility charging infrastructure. Several companies have recently announced new developments in the micro-mobility charging infrastructure market in the Asia Pacific region. In March 2023, Eko, an Indonesian ride-hailing firm, announced plans to deploy 10,000 electric bikes in Jakarta by the end of the year, along with the installation of 2,000 charging stations. Similarly, in February 2023, Singapore-based start-up Neuron Mobility announced the deployment of 10,000 e-scooters across various cities in Asia, along with the installation of charging stations.
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Further, the micro-mobility charging infrastructure market is expected to grow at a strong CAGR of 26.0% during the forecast period (2022-2028). In conclusion, the increasing adoption of EVs in the Asia Pacific region is driving the growth of the micro-mobility charging infrastructure market. The demand for charging infrastructure is being propelled by factors such as the rise of shared mobility services, government support for EVs, and the growing trend of last-mile deliveries. With several companies announcing new developments in the market, the future looks promising for micro-mobility charging infrastructure in the region.
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By charger type, the market is bifurcated into wireless and wired. Among these, the wireless segment of the micro-mobility charging infrastructure market is expected to grow at a significant rate due to several drivers. Firstly, the convenience of wireless charging is a major factor driving the growth of this segment. Secondly, the rise of shared micro-mobility services is also driving the growth of the wireless charging infrastructure market. With shared services, there is a need for efficient and rapid charging of electric scooters and bicycles to ensure that they are always available for use by customers.
On the basis of end-users, the market is bifurcated into residential and commercial. The Residential segment of the micro-mobility charging infrastructure market dominated the market due to several drivers. Firstly, the increasing adoption of electric scooters and bikes among urban dwellers for their daily commutes is driving the demand for charging infrastructure at home. As more people switch to electric micro-mobility options, the need for reliable and convenient charging solutions in residential areas is becoming more apparent.
Secondly, the increasing popularity of shared micro-mobility services is also driving demand for residential charging infrastructure. With the rise of companies such as Lime and Bird, which offer dockless electric scooters and bikes for short-term rentals, there is a growing need for charging stations in residential areas where users can easily access them.
Global Micro-Mobility Charging Infrastructure Market Segmentation
Market Insight, by Power Source
- Solar Powered
- Battery Powered
Market Insights, by Charger Type
- Wired
- Wireless
Market Insights, by End-Users
- Residential
- Commercial
Market Insights, by Vehicle Type
- E-scooters
- E-bikes
- E-unicycles
- E-skateboards
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- Italy
- France
- Denmark
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Rest of the World
Top Company Profiles
- Ather Energy.
- Bikeep
- Flower Turbines.
- Get Charged, Inc.,
- Giulio Barbieri SRL,
- Ground Control Systems
- Magment GmbH,
- Perch Mobility,
- Robert Bosch GmbH,
- Solum
