Electric Bus Charging Infrastructure Market Overview:
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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