United Kingdom Electric Bus Charging Infrastructure Market
In the United
Kingdom, the electric bus charging infrastructure market
is growing as part of the government’s commitment to reducing emissions.
Investments in charging infrastructure are supporting the adoption of electric
buses in urban areas. The market is focused on developing efficient,
high-capacity charging solutions that align with the UK’s goal of a net-zero
transportation sector by 2050.
The Electric Bus Charging Infrastructure
Market Growth 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 Growth 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 Growth in the coming years.
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
Electric Bus Charging Infrastructure
Market Growth 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)
Get
Free Sample Report of Electric Bus Charging Infrastructure Market
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 Growth 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.
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 Growth 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 Growth
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 Growth 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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