Rise in the Prices of oil and Gas to Boost the Micro-mobility Charging Infrastructure Market Growth

 

Micro-mobility Charging Infrastructure Market

Micro-mobility Charging Infrastructure Market (By Vehicle Type: E- scooter, E- bikes, E-unicycles, E-skateboards; By Charger: Wired Charger, Wireless Charger, By Power Source: Battery Powered, Solar Powered; By End User: Residential, Commercial) - and by Region (Europe, North America, Asia Pacific, Africa, Latin America and Middle East) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The global Micro-mobility Charging Infrastructure Market is estimated to be valued at US$ 7.76 billion in 2022 and is expected to exhibit a CAGR of 24.57 % over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

As micromobility automotive are road automotive, modern road infrastructure can be utilized without further expenditure. Infrastructure for micromobility can comprise cycle lanes, ramps and docking stations. Some cycle lanes only allow bicycles. It aids in enhancing usage of private chargers and also produces energy trading chances for people who have extra production such as solar.

Competitive Landscape:

Key players involved in the growth of global Micro-mobility Charging Infrastructure Market are Solum PV., The Mobility House GmbH., Robert Bosch, Ground control systems, Perch mobility., GmbH, Bikeep, Bike energy., Ather energy, Flower turbines., Magment GmbH., SWIFTMILE

Market Key Drivers:

Rise in the prices of oil and gas and rising awareness regarding greenhouse gases is expected to augment the growth of the global Micro-mobility Charging Infrastructure Market. For instance, as per the facts and figures, the price of oil and gas was around US$ 1.30 per litre across the globe. 

The rising installation of e-scooters and e-bicycles is projected to propel the growth of the global Micro-mobility Charging Infrastructure Market. For instance, in March 2021 around 150 charging points for micro mobility vehicles such as e-scooters and e-bicycles were installed by the French Industry.

Covid-19 Impact Analysis:

The Covid-19 outbreak had adversely affected the growth of the global Micro-mobility Charging Infrastructure Market due to the rise in pandemic. The production was interrupted due to the closure of manufacturing units, imposition of strict lockdown and disruption in supply chain. The restrictions on transportation also impeded the growth of the market.

Key Takeaways:

The global Micro-mobility Charging Infrastructure Market is anticipated to exhibit a CAGR of 24.57 % during the forecast period due to the rising developments and innovations for the expansion of the product. For instance, in June 2020, Charge my EV was an app introduced by Bosch.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Micro-mobility Charging Infrastructure Market due to rising production of electric vehicle sector, increasing collaborations and partnerships and installation of charging station. For instance, Bosch has installed charging stations at 6000 various places in Europe and U.S.