[250 Pages Report] The global Micro-mobility Charging Infrastructure market was valued at around US$ 3.8 Billion in 2021. With a projected CAGR of 22.5% for the next ten years, the market is likely to reach a valuation of nearly US$ 36.6 Billion by the end of 2032.
Attributes | Details |
---|---|
Micro-mobility Charging Infrastructure Market Size (2022) | US$ 4.8 Billion |
Projected Market Value (2032) | US$ 36.6 Billion |
Global Market Growth Rate (2022 to 2032) | 22.5% CAGR |
Share of Top 5 Countries | 60% |
North America Market Share (2021) | 41.4% |
United States Growth Rate(2022 to 2032) | 21.5% CAGR |
Key Companies Covered |
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Future Market Insights’ analysis reveals that most of the market revenue is grossed from the E-Scooter vehicle type. On the other hand, wired Micro-mobility charging infrastructure will be the most lucrative with a forecasted CAGR of 21.9% in the upcoming decade. According to a survey, 70% of consumers were now willing to use micro-mobility services. There has been a global increase in government support for micro-mobility services and electric vehicles, which is driving the demand for the micro-mobility charging infrastructure market.
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Cost and convenience benefits are encouraging providers to swap over to battery swapping
A solidifying trend amongst Micro Mobility providers is the use of Swappable Batteries. The benefits of swapping batteries are numerous. For one, swappable batteries mean that batteries can be changed on spot, which is far more efficient than the method that was in place. Previously, providers had relied on physically ferrying scooters to charging points. The lack of ferrying also means the lifespan of the scooter itself increases as they do not go through the same wear and tear.
The batteries can also be used across different modes, which ensures the maximum possible life of the battery is utilized. Finally, the battery and vehicle being separate units mean that each can be recycled and repaired separately, so each component is utilized in the best way possible independently. Taiwan’s Gogoro leads in this category with their Swap and Go solution, through which users can swap out replenished batteries for charged ones manually at a Gogoro kiosk on the basis of a subscription fee.
Asia-Pacific is an emerging Market for demand, accounting for 22.4% of market revenue in 2021. Taiwan’s Gogoro was one of the first truly successful battery-swapping companies, with over 450,000 subscribers and an average of 250,000 daily battery swaps. Nio, a Chinese EV provider, is also developing battery-swapping technology for its vehicles. It has over 900 stations in China, with plans to expand to Europe. Particularly, China is an emerging market, with a forecasted market size of US $2.5 Billion by 2032. The country witnessed a CAGR of 23.6% from 2017 to 2021.
Government support means the USA will continue to be the largest component
According to studies, around 60% of American trips made by car are under 6 miles. The USA is the leading market for Micro-Mobility Charging Infrastructure Demand, having witnessed a CAGR of 24.8% from 2017 to 2022 and a predicted CAGR of 21.5%. In 2021, Congress under the Biden government passed the Bipartisan Infrastructure Law or the Infrastructure Investment and Jobs act. Under this act, US$ 7.5 Billion is to be provided as funding to build a national network of EV chargers along highway corridors. There are also other programs apart from this. Shared micro-mobility has also been included in and become eligible and can benefit from programs and funds such as the CMAQ Program and Surface Transportation Block Grant funding.
There have also been state-level developments. For example, The Governor of Oregon, Kate Brown, and the Oregon department of transportation announced that 44 Electric Highway charging stations in Oregon would be equipped with a 110-volt outlet that can charge electric bikes for free. The absolute dollar growth for the USA is US$ 10.5 Billion, with a forecasted market size of US$12.3 Billion by 2032.
The UK is an emerging market for demand, with a forecasted market size of US$ 1.4 Billion at a CAGR of 20.5% by 2032. The country witnessed a CAGR of 20.5% from 2017 to 2022. In 2022, the government announced through the queen’s speech that a zero-emission vehicle category would be created. This would allow for electric scooters to become road-legal. Prior to this, official rental trials had been set up in 2020 across the country, with e-scooters that were under speeds of 15.5 miles per hour. Prior to the release of this bill, e-scooters not under these trials were allowed only on private lands. The absolute dollar growth is estimated to be US $1.2 Billion.
Wired chargers are the top charger type, having witnessed a CAGR of 24.8%, but with a forecasted CAGR of 21.4% for the next decade. Wired Charging is expected to continue being the top category. Wireless charging currently has limited ranges, and problems with the management of thermal loss, and speeds are slower. The infrastructure needs are also dual as both a transmitter pad and a receiver pad need to be equipped for wireless charging to work, which means significantly high costs. Wired charging on the other hand, usually has quite a high charging capacity, minimal to no electromagnetic emissions, lower maintenance costs, and higher speeds for charging. Wireless Technology, which is more convenient to consumers, may increase if there are significant developments on the cost and technology side.
E-Scooters are the top vehicle type, with a forecasted CAGR of 22.1%, and have witnessed a CAGR of 24.9% from 2017 to 2020. The popularity of E-scooters is the main driver of the demand for E-scooter charging. When compared to other types of E-vehicles such as E-Bikes or E-skateboards, E-scooters are cheaper to use since fuel costs are significantly cheaper, convenient to travel in, more portable, require little to no physical effort to drive, and are seen as safe alternatives to public transportation due to the pandemic.
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At present, micro-mobility charging infrastructure providers are largely aiming at gaining a foothold in the market and adapting to new technology and legislation. The key companies operating in the micro-mobility charging infrastructure market include Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., Gogoro, Ground Control Systems, Kuhmute Inc., Magment GmbH, Meredot SIA, Numocity Technologies Pvt Ltd., PBSC Urban Solutions, Perch Mobility, Robert Bosch GmbH, Siemens AG, Solum PV, Swiftmile, The Mobility House GmbH, Tier and WiTricity among others
Some of the recent developments by key providers of Micro-mobility Charging Infrastructure are as follows:
Similarly, recent developments related to companies manufacturing Micro-mobility Charging Infrastructure have been tracked by the team at Future Market Insights, which is available in the full report.
The global Micro-mobility Charging Infrastructure market was valued at US$ 3.8 Billion in 2021 and is expected to grow to US $36.6 Billion by 2032.
The Micro-mobility Charging Infrastructure industry is set to witness a high growth rate of 22.5% over the forecast period and be valued at US$ 36.6 Billion by 2032.
E-Scooters are the top vehicle type for the Micro-mobility Charging Infrastructure Market.
Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., and Gogoro are the key suppliers of Micro-mobility Charging Infrastructure.
Battery Swapping is positively impacting the Micro-Mobility Charging Infrastructure market.
The USA, UK, China, Japan, and South Korea are expected to drive the most sales growth of Micro-mobility Charging Infrastructure.
The market in the USA accounts for over 36% of the global market share.
1. Executive Summary | Micro-mobility Charging Infrastructure Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Billion) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Billion) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Billion) Analysis By Vehicle Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Vehicle Type, 2022 to 2032 5.3.1. E-scooters 5.3.2. E-bikes 5.3.3. E-unicycles 5.3.4. E-skateboards 5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Charger Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Billion) Analysis By Charger Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Charger Type, 2022 to 2032 6.3.1. Wired 6.3.2. Wireless 6.4. Y-o-Y Growth Trend Analysis By Charger Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Charger Type, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Source 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Billion) Analysis By Power Source, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Power Source, 2022 to 2032 7.3.1. Solar Powered 7.3.2. Battery Powered 7.4. Y-o-Y Growth Trend Analysis By Power Source, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Power Source, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Billion) Analysis By End-use, 2017 to 2021 8.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By End-use, 2022 to 2032 8.3.1. Commercial 8.3.2. Residential 8.4. Y-o-Y Growth Trend Analysis By End-use, 2017 to 2021 8.5. Absolute $ Opportunity Analysis By End-use, 2022 to 2032 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Billion) Analysis By Region, 2017 to 2021 9.3. Current Market Size Value (US$ Billion) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. United States of America 10.2.1.2. Canada 10.2.2. By Vehicle Type 10.2.3. By Charger Type 10.2.4. By Power Source 10.2.5. By End-use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Vehicle Type 10.3.3. By Charger Type 10.3.4. By Power Source 10.3.5. By End-use 10.4. Key Takeaways 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Vehicle Type 11.2.3. By Charger Type 11.2.4. By Power Source 11.2.5. By End-use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Vehicle Type 11.3.3. By Charger Type 11.3.4. By Power Source 11.3.5. By End-use 11.4. Key Takeaways 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Vehicle Type 12.2.3. By Charger Type 12.2.4. By Power Source 12.2.5. By End-use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Vehicle Type 12.3.3. By Charger Type 12.3.4. By Power Source 12.3.5. By End-use 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. Japan 13.2.1.2. China 13.2.1.3. India 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. Rest of Asia Pacific 13.2.2. By Vehicle Type 13.2.3. By Charger Type 13.2.4. By Power Source 13.2.5. By End-use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Vehicle Type 13.3.3. By Charger Type 13.3.4. By Power Source 13.3.5. By End-use 13.4. Key Takeaways 14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Vehicle Type 14.2.3. By Charger Type 14.2.4. By Power Source 14.2.5. By End-use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Vehicle Type 14.3.3. By Charger Type 14.3.4. By Power Source 14.3.5. By End-use 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. United States of America 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Vehicle Type 15.1.2.2. By Charger Type 15.1.2.3. By Power Source 15.1.2.4. By End-use 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Vehicle Type 15.2.2.2. By Charger Type 15.2.2.3. By Power Source 15.2.2.4. By End-use 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Vehicle Type 15.3.2.2. By Charger Type 15.3.2.3. By Power Source 15.3.2.4. By End-use 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Vehicle Type 15.4.2.2. By Charger Type 15.4.2.3. By Power Source 15.4.2.4. By End-use 15.5. Rest of Latin America 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Vehicle Type 15.5.2.2. By Charger Type 15.5.2.3. By Power Source 15.5.2.4. By End-use 15.6. Germany 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Vehicle Type 15.6.2.2. By Charger Type 15.6.2.3. By Power Source 15.6.2.4. By End-use 15.7. United Kingdom 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Vehicle Type 15.7.2.2. By Charger Type 15.7.2.3. By Power Source 15.7.2.4. By End-use 15.8. France 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Vehicle Type 15.8.2.2. By Charger Type 15.8.2.3. By Power Source 15.8.2.4. By End-use 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Vehicle Type 15.9.2.2. By Charger Type 15.9.2.3. By Power Source 15.9.2.4. By End-use 15.10. Italy 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Vehicle Type 15.10.2.2. By Charger Type 15.10.2.3. By Power Source 15.10.2.4. By End-use 15.11. Rest of Europe 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Vehicle Type 15.11.2.2. By Charger Type 15.11.2.3. By Power Source 15.11.2.4. By End-use 15.12. Japan 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Vehicle Type 15.12.2.2. By Charger Type 15.12.2.3. By Power Source 15.12.2.4. By End-use 15.13. China 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Vehicle Type 15.13.2.2. By Charger Type 15.13.2.3. By Power Source 15.13.2.4. By End-use 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Vehicle Type 15.14.2.2. By Charger Type 15.14.2.3. By Power Source 15.14.2.4. By End-use 15.15. Malaysia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Vehicle Type 15.15.2.2. By Charger Type 15.15.2.3. By Power Source 15.15.2.4. By End-use 15.16. Singapore 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Vehicle Type 15.16.2.2. By Charger Type 15.16.2.3. By Power Source 15.16.2.4. By End-use 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Vehicle Type 15.17.2.2. By Charger Type 15.17.2.3. By Power Source 15.17.2.4. By End-use 15.18. Rest of Asia Pacific 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Vehicle Type 15.18.2.2. By Charger Type 15.18.2.3. By Power Source 15.18.2.4. By End-use 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Vehicle Type 15.19.2.2. By Charger Type 15.19.2.3. By Power Source 15.19.2.4. By End-use 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Vehicle Type 15.20.2.2. By Charger Type 15.20.2.3. By Power Source 15.20.2.4. By End-use 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By Vehicle Type 15.21.2.2. By Charger Type 15.21.2.3. By Power Source 15.21.2.4. By End-use 15.22. Rest of MEA 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2021 15.22.2.1. By Vehicle Type 15.22.2.2. By Charger Type 15.22.2.3. By Power Source 15.22.2.4. By End-use 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Vehicle Type 16.3.3. By Charger Type 16.3.4. By Power Source 16.3.5. By End-use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Ather Energy 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Bike-energy 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Bikeep 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Flower Turbines 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Get Charged, Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Giulio Barbieri SRL 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Ground Control Systems 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Magment GmbH 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Perch Mobility 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Robert Bosch GmbH 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.11. Solum PV 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.12. Swiftmile 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.13. The Mobility House GmbH 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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