Electric Bus Charging Infrastructure Market Overview:
The global electric bus charging infrastructure market will continue to climb an average annual
rate of 26.1% by 2030. Here are some key findings from their latest report on
this market
The electric bus
charging infrastructure market is witnessing substantial growth in tandem with
the increasing global shift towards sustainable and eco-friendly transportation
solutions. As cities and countries prioritize the adoption of electric buses to
reduce emissions and combat air pollution, the demand for robust charging
infrastructure is on the rise. Charging infrastructure providers are developing
innovative solutions, including fast-charging stations and depot charging
systems, to cater to the unique operational needs of electric buses. This
market's growth is further propelled by government initiatives and incentives
aimed at promoting electric mobility, fostering the development of an extensive
and efficient charging network for electric buses.
Geographically,
regions at the forefront of electric bus adoption, such as Europe and parts of
Asia, are witnessing a surge in investments and deployment of charging
infrastructure. As urbanization accelerates and public transportation systems
transition to electric fleets, the electric bus charging infrastructure market
is expected to play a crucial role in supporting the widespread integration of
electric buses into public transit networks. Continued advancements in charging
technology, coupled with supportive government policies, are likely to drive
further expansion and sophistication of the electric bus charging
infrastructure market in the coming years.
Get Free Sample Report of Electric Bus
Charging Infrastructure Market
The electric bus
charging infrastructure market has experienced significant growth in the past
decade, and the trend of increased use of electric buses in public
transportation systems isn’t showing any signs of slowing down.
The Global
Electric Bus Market Is Expected To Grow
Electric buses
offer significant reductions in fuel costs and emissions levels, as well as
improved public health due to less reliance on diesel fuels. Globally, the
electric bus charging infrastructure market is forecasted to reach an annual
volume of 934 million units by 2022 and reach 2 billion units annually by 2026
with North America representing more than 60% share of electric buses sold
worldwide during this period.
Electric Bus
Charging Infrastructure Market Key Players
·
Siemens AG (Germany)
·
SCHUNK Group (Germany)
·
ABB (Switzerland)
·
Bombardier Inc (Canada)
·
Kempower OY (US)
·
Daimler AG (Germany)
·
Proterra (US)
·
ChargePoint Inc (US)
·
EFACEC (Portugal)
·
Shijiazhuang Tonhe Electronics Technologies Co
Ltd (China)
The US Is
Investing In Electric Bus Infrastructure
In order to cut
down on emissions, improve air quality, and save money, many U.S. cities are investing
in electric bus infrastructure. In New York City, for example, they've
committed $32 million to purchase 50 fully electric buses and five charging
stations. The city has also allocated an additional $10 million to help create
a network of electric vehicle charging stations that will serve both public and
private vehicles in all five boroughs.
Europe Is
Leading The Way In Electric Bus Adoption
With a push for
clean, sustainable transportation and a focus on reducing emissions, it is
little surprise that Europe has been leading the way in electric bus adoption.
The European Union has set regulations mandating that companies reduce their
emissions by 20% between 2020 and 2030. This will be difficult if not
impossible without switching to electric vehicles. Since buses are one of the
major sources of air pollution in most cities, they are an important target for
reducing emissions.
China Is The
Largest Market For Electric Buses
China is currently
the largest market for electric buses, with over 300 million kilometers
traveled by such vehicles in 2016. The country has ambitious plans to put 5,000
electric buses on its roads in 2017 and at least 10,000 more each year until
2020. To achieve this goal, China's Ministry of Transport announced in November
2016 a $2.6 billion purchase of 200 pure electric buses from BYD Co., Ltd.
The Electric Bus
Charging Infrastructure Market Is Expected To Grow
In order to meet
climate change goals, cities across the world are turning to electric buses.
The rise in demand is being driven by an increasing number of cities with
zero-emission vehicle mandates and by government incentives for electric bus
buyers.
The global electric
bus charging infrastructure market size was valued at USD 890.2 million in 2017
and is expected to grow at a CAGR of 16.6% over 2018-2024, reaching USD 2,694
million by 2024.
Electric Bus
Charging Infrastructure Market Segmentation
By Charger Type
·
Dc Charger
·
Pantograph
By Charging
Method
·
Fast Charging
·
Slow Charging
By Regions
·
North America
·
Europe
·
Asia Pacific
·
Rest Of The World
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