Market Challenges And Opportunities

Global E-bike Charging Station Market- Drivers

Rising adoption of E-bikes

Environmental concerns such as concern regarding climate change and air pollution is expected to create need for environmentally friendly transportation options. E-bikes are cleaner and greener alternative to traditional gas-powered vehicles. E-bikes are appealing to individuals who does not have the stamina or fitness level to ride a traditional bike. E-bikes provide a convenient and flexible mode of transportation, particularly in urban areas where traffic and parking are the major issues. E-bikes are used on bike lanes and paths, and thus, making them a faster and more efficient mode of transportation in busy city centers. Rising adoption of e-bikes is expected to drive the market growth.

Rising population

Increasing population is leading to depletion of the ozone layer, which has compelled various countries to take measures to minimize the greenhouse effect by adopting alternative sources of energy: one such step is the introduction of electric bikes and electric vehicles. Furthermore, government-owned companies are entering into partnerships to develop and install electric bike charging station. For instance, in March 2020, National Thermal Power Corporation Limited, an Indian government-owned electric utility company and Rajasthan Electronics & Instruments Ltd. (REIL), an India-based miniratna company, signed an agreement with Government of Andhra Pradesh, India to established 110 electric vehicle charging stations at an approximate cost of US$ 4.29 million.

Global E-bike Charging Station Market- Restraints

Lack of Standardized Charging Infrastructure

Lack of standardized charging infrastructure is a major restraint for the e-bike charging station market growth. Currently, there is no universal charging standard for e-bikes, and thus, differentmanufacturers uses different connectors and charging protocols that makes it challenging to develop a standardized charging infrastructure. Lack of standardization creates confusion for e-bike users, who are not aware which charging stations are compatible with their particular e-bike The lack of standardization creates barrier for entry of new players in the e-bike charging station market, as developing charging solutions that are compatible with multiple e-bike models is time-consuming and costly procedure.

Global E-bike Charging Station Market- Opportunities

Expansions of new markets

E-bike charging stations can be placed in variety of locations such as parks, shopping centres, office buildings, residential areas and tourist spots. There is an opportunity to expand into new market, on the area where E-bikes are becoming increasingly popular.

Charging stations are linked to traffic management systems or public transportation networks, and thus, provides real-time information about the availability and location of charging stations. Developing new charging technologies that are compatible with smart city infrastructure is expected to offer new opportunities. Charging stations could be equipped with sensors that detect when an e-bike is being charged, and automatically adjusts the charging rate based on the battery level.