The Asia Pacific Micro-mobility Charging Infrastructure Market would witness market growth of 22.3% CAGR during the forecast period (2021-2027).
The increase in the investments in micro-mobility modes of transportation can be ascribed to the massive growth of the market. The Micro-mobility form of transportation is projected to be adopted by a large number of users in order to reduce pollution. Moreover, the micro-mobility charging infrastructure would witness new growth avenues due to the rising public awareness about greenhouse gas emissions. Within towns and cities, micro-mobility is proving to be a cost-effective and dependable means of transportation. In comparison to fossil fuel vehicles, this method of transportation has excellent energy conversion rates. Micro-mobility adoption is predicted to be aided by a number of variables, including rising oil & gas prices, easier parking, and increased traffic congestion. Due to these factors, the market of micro-mobility charging infrastructure is likely to experience the massive growth.
With the increasing environmental problems like pollution in nations like India, the demand for various electric micro-mobility would increase in the coming years, which creates more demand for the micro-mobility charging infrastructure across the region. Additionally, the growing awareness among people about the benefits of using micro-mobility would further accelerate the regional market growth.
The rapid urbanization in several emerging nations of Asia Pacific would open new growth avenues for the micro-mobility charging infrastructure market over the forecast period. In addition, micro-mobility solutions are gaining more popularity in this region along with the increasing disposable income of the consumers, which are among the major factors bolstering the growth of the micro-mobility charging infrastructure market in this region.
The China market dominated the Asia Pacific Commercial Micro-mobility Charging Infrastructure Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $486.8 million by 2027. The Japan market is showcasing a CAGR of 24.1% during (2021 - 2027). Additionally, The Taiwan market is anticipated to witness a CAGR of 25.5% during (2021 - 2027).
Based on Charger Type, the market is segmented into Wired and Wireless. Based on Power Source, the market is segmented into Battery Powered and Solar Powered. Based on Vehicle Type, the market is segmented into E-scooters, E-bikes, E-unicycles and E-skateboards. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Micro-mobility Charging Infrastructure Market is Projected to reach USD 14.1 Billion by 2027, at a CAGR of 21.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Bike-energy, Bikeep, Swiftmile, Inc., Get Charged, Inc. (Charge Enterprises, Inc.), Flower Turbines, Inc., Giulio Barbieri Srl, Ground Control Systems, Magment GmbH, and The Mobility House GmbH
By Charger Type
By Power Source
By Vehicle Type
By End User
By Country
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