MICRO-MOBILITY CHARGING INFRASTRUCTURE MARKET ANALYSIS

Micro-mobility Charging Infrastructure MarketSize and Trends

The global micro-mobility charging infrastructure market size was valued at US$ 4,280.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 20.57% from 2023 to 2030. Growing population is indirectly leading to the depletion of ozone layer, which then leads to increased greenhouse effect, and this has compelled several countries to take measures to minimize the greenhouse effect by adopting vehicles using alternative sources of energy such as e-scooters, e-bicycles, and so on. This has led the key players in the market to install charging points for micro-mobility vehicles. For instance, in March 2021, Duckt, a developer of universal micro-mobility infrastructure solution, introduced 150 dock, lock, and charge points across the Paris Rive Gauche area in France. The main objective was to promote the use of electric vehicles by introducing charging stations.

Global Micro-mobility Charging Infrastructure Market: Trends:

Expansion of charging networks is one of the major trends

As the demand for micro-mobility vehicles is rapidly increasing, there is a need for large charging infrastructure to support these vehicles. This has led to an expansion of charging infrastructure, with the companies investing in new charging stations and partnering with other organizations to increase their reach.