The market for micro-mobility charging infrastructure generated revenue of over 3.03 (USD billion) in 2019 and is anticipated to generate 14.33 (USD billion) by 2026, with a CAGR of nearly 23.02% from 2020 to 2026. The research provides evaluation and analysis of the worldwide and regional markets for micro-mobility charging infrastructure. The research offers historical information from 2017 to 2019 together with a revenue-based estimate for the years 2020 to 2026. (USD Billion).
The global Micro-Mobility Charging Infrastructure market accrued earnings worth approximately 3.03 (USD Billion) in 2019 and is predicted to gain revenue of about 14.33(USD Billion) by 2026, is set to record a CAGR of nearly 23.02% over the period from 2020 to 2026.
Market Overview for Micro-mobility Charging Infrastructure
Micromobility is finding successful uses in the transportation industry and other businesses. Therefore, a robust infrastructure for micro-mobility charging is required. As an illustration, in December 2020,The micromobility business relies heavily on a strong charging infrastructure since it lowers the cost of transportation.
The Residential Market Will Control the Application Landscape. By 2026
The global urbanisation trend and the rising popularity of micro-mobility cars for ride-sharing are both to blame for the residential segment’s domination. Additionally, consumers are becoming more knowledgeable about environmentally friendly products, which helps to increase the market for electric automobiles. These modifications in consumer purchasing habits have compelled automakers to concentrate more on creating fuel-efficient automobiles. These tactical decisions will guide residential segment growth going forward.
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The Asia Pacific market will generate the most revenue By 2026 Regional Scenery
The introduction of smart city initiatives in nations like China and India has contributed to the growth of the micro-mobility charging infrastructure market in Asia Pacific during the anticipated period. Additionally, the Indian government announced in June 2021 that as part of its FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicle) 2 scheme, it would increase subsidies for electric two-wheelers. The Micro-Mobility Charging Infrastructure market in Asia Pacific is expected to pick up steam in the next years as a result of the Chinese government offering approximately 20% subsidies for the purchase of new energy vehicles in January 2020.
Ather Energy, Bikeep, Get Charged, Inc., Solum PV, Robert Bosch GmbH, The Mobility House GmbH, Perch Mobility, Ground Control Systems, Giulio Barbieri SRL, Flower Turbines, Magment GmbH, SWIFTMILE, and bike-energy are some of the leading companies profiled in the study and are positively leveraging market growth.
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