According to the report, E-bike Charging Station market size is projected to grow from USD 2715.23 in 2021 to USD 3498.13 Million in 2028 at a CAGR of 3.7% in the forecast period. It stood at USD 248.10 billion in 2020. The global e-bike charging station market is set to gain traction from the high popularity of electric bikes because of the ongoing technological advancements. The emergence of connected e-bikes is one of development. These bikes help to send and receive information from the cloud without the usage of smartphones. In May 2021, for instance, GreenAer, a retailer of e-bikes, announced its plan to broaden its presence by opening three new outlets in Ireland. The company aims to cater to the demand for load-carrying e-bikes from families.

A list of renowned providers of e-bike charging stations operating in the global market:

  • GetCharge Inc.,
  • LG Chem
  • Samsung SDI
  • Swiftmile
  • EVBox
  • Circontrol
  • SemaConnect
  • Rolec Service
  • FreeWire Technologies

Commercial Segment Held 20.2% Share in 2020: Fortune Business Insights™

Based on the type, the market is bifurcated into commercial and residential. Amongst these, the commercial segment generated 20.2% in terms of the e-bike charging station market share in 2020. This growth is attributable to the rising demand for bike-sharing practices. The residential segment is set to dominate in the upcoming years because of the ease of charging of e-bikes and the availability of a wide range of extender batteries.

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Surging Manufacturing of Electronic Components in China to Help Asia Pacific Dominate

Geographically, Asia Pacific procured USD 2130.81 million in 2020 in terms of revenue. It is expected to retain its leading position throughout the forthcoming years on account of the early adoption of new technologies. At the same time, the rising production of electronic components in China would drive regional growth. In Europe, the increasing utilization of premium-quality materials and ongoing innovations would accelerate the demand for e-bike charging stations.

Key Players Focus on Installing New E-bike Charging Stations to Intensify Competition

The global market contains multiple organizations. Most of them are presently focusing on the installation of new charging stations in various countries globally to address the lack of advanced infrastructure for people. Below are the two industry developments:

  • October 2020: Swiftmile announced its plan to install hundreds of new charging stations across Europe and the U.S. It aims to keep up with the changing charging needs of people and fulfil the high demand. Riders will be able to charge their e-bikes and scooters free of cost from solar-powered charging stations.
  • August 2019: GetCharged, Inc. introduced its first ever docking station for e-bikes and escooters in New York City. These will be used as servicing, storing, and charging stations. The first one was opened at 200 5th Avenue. More than 400 stations are expected to be opened at New York Metro locations.

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