What are the latest figures on the electric mobility networks market’s size and projected CAGR?
The electric mobility networks market size has grown exponentially in recent years. It will grow from $357.27 $ billion in 2024 to $455.06 $ billion in 2025 at a compound annual growth rate (CAGR) of 27.4%. The growth in the historic period can be attributed to increasing government incentives and subsidies for EV adoption, rising environmental concerns and regulatory pressures, decreasing costs of battery technology, the expansion of EV charging infrastructure, growing investments from automotive manufacturers, increased consumer awareness and demand for sustainable transportation, improvements in energy efficiency and performance of electric vehicles, the development of smart grid technologies, and supportive policies and regulations for emission reduction.
The electric mobility networks market size is expected to see exponential growth in the next few years. It will grow to $1187.89 $ billion in 2029 at a compound annual growth rate (CAGR) of 27.1%. The growth in the forecast period can be attributed to the expansion of public and private EV charging networks, government mandates, and stricter emissions regulations growing investments in renewable energy sources, rise in urbanization and need for efficient transportation solutions, increasing collaboration between governments and private companies, increase in the number of public and private charging stations. Major trends in the forecast period include advancements in fast-charging technologies and infrastructure, the integration of renewable energy sources into charging networks, the rise of vehicle-to-everything (V2X) communication technologies, the development of vehicle-to-grid (V2G), and grid-to-vehicle (G2V) technologies.
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Which Market drivers have played a significant role in driving the electric mobility networks market?
The rising smart city projects are expected to propel the growth of the electric mobility network market going forward. A smart city employs digital technology and data-driven solutions to improve its performance and well-being and reduce costs and resource consumption. The surge in smart city development is driven by cities aiming to leverage technology to tackle urban challenges and establish urban environments that are more habitable, sustainable, and efficient. With cities evolving into smart cities, there is a growing focus on integrating electric mobility into urban planning, including developing EV-friendly public transport systems and infrastructure. For instance, in April 2023, according to the Smart City Index Report published by IMD Business School, a Switzerland-based business school, the number of smart cities increased by 16.3%, from 118 cities in 2021 to 141 in 2023. Therefore, rising smart city projects are driving the growth of the electric mobility network market.
What are the key segments within the electric mobility networks market?
The electric mobility networksmarket covered in this report is segmented –
1) By Charging Infrastructure: Public Charging Stations, Private Charging Stations, Workplace Charging Stations
2) By Software And Services: Payment Processing, Energy Management, Charging Station Maintenance And Monitoring
3) By End-User: Commercial, Residential, Industrial
Subsegments:
1) By Public Charging Stations: Fast Charging Stations, Level 2 Charging Stations, DC Fast Chargers, Charging Hubs, Solar-Powered Charging Stations
2) By Private Charging Stations: Home Charging Stations, Residential Complex Charging Stations, Fleet Charging Stations, Dedicated Private Charging Units
3) By Workplace Charging Stations: Employee Charging Stations, Visitor Charging Stations, Commercial Parking Charging Stations, Multi-Family Residential Charging Stations
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Which key players are shaping the electric mobility networks market?
Major companies operating in the electric mobility networks market are E.ON SE, ENGIE SA, Tesla Inc., Siemens AG, BYD Company Ltd., Schneider Electric SE, ABB Ltd., DiDi Global Inc., NIO Inc., Lyft Inc., Enel X S.p.A., Rivian Automotive Inc., Segway-Ninebot Group, Arrival Ltd., Lucid Group Inc., Ola Electric Mobility Pvt. Ltd., Canoo Inc., Proterra Inc., Fisker Inc., Bird Global Inc., ChargePoint Inc., The Mobility House GmbH, Zipcar Inc., EVBox Group, Faraday Future Intelligent Electric Inc., Blink Charging Co., Neutron Holdings Inc., Aptera Motors Corp., Citymapper Limited
Which transformative trends will shape the electric mobility networks market landscape?
Major companies operating in the electric mobility networks market are developing advancements in charging infrastructure with battery swap stations to significantly reduce downtime by enabling the quick exchange of depleted batteries with fully charged ones. Battery swap stations are facilities where electric vehicle (EV) batteries can be quickly exchanged for fully charged ones, eliminating the need for lengthy charging periods. For instance, in June 2024, Nio Inc., a China-based automobile manufacturer specializing in designing and developing electric vehicles, launched Power Swap Station 4.0, a significant upgrade in battery swapping technology that supports automated swaps for multiple vehicle brands and models. It features six ultrawide-FOV LiDARs and four Orin X chips, delivering a total computing power of 1,016 TOPS. Users can initiate an automatic battery swap with one tap or remotely, completing the swap in 144 seconds—22% faster than the previous generation. Additionally, NIO introduced a 640kW Liquid-Cooled Power Charger with a maximum current of 765A and voltage of 1,000V, equipped with a lightweight 2.4kg charging cable for easy one-hand operation.
How do regional factors impact the electric mobility networks market, and which region is the largest contributor?
Asia-Pacific was the largest region in the electric mobility networks market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric mobility networks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Electric Mobility Networks Market Report 2025 Offer?
The electric mobility networks market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Electric mobility networks refer to interconnected systems that support the operation, charging, and management of electric vehicles (EVs) across various regions. These networks include infrastructure such as charging stations, software platforms for vehicle-to-grid (V2G) communication, and services that facilitate seamless electric transportation and energy integration. It aims to create a sustainable, efficient, and user-friendly ecosystem that supports the widespread adoption of electric vehicles and contributes to reducing carbon emissions in the transportation sector.
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