Sandy, Utah, USA, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Bus Charging Station Market Size, Trends and Insights By Charger (Off-board, Onboard), By Type (Depot Charging, Opportunity Charging, Inductive Charging), By Power (Less than 50 kW, 50–150 kW, 151–450 kW, More than 450 kW), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Electric Bus Charging Station Market size & share was valued at approximately USD 2.2 Billion in 2021 and is expected to reach USD 17.3 billion in 2022and is expected to reach a value of around USD 19.5 Billion by 2030, at a compound annual growth rate (CAGR) of about 31.5% during the forecast period 2022 to 2030.”
The report analyses the Electric Bus Charging Station market’s drivers and restraints and the impact they have on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Bus Charging Station market.
Electric Bus Charging Station Market: Overview
Establishing sufficient charging infrastructure is required to integrate the ecosystem of electric buses into the public transportation infrastructure. Two essential parts of the charging infrastructure are charging solutions and power infrastructure. Electric buses entirely rely on commercial charging infrastructure, unlike other vehicle categories like cars and two-wheelers that may have “home” charging infrastructure (charging points installed at domestic premises). The charging infrastructure mainly supports large battery capacity and high charging output ratings (100 kWh, 200 kWh, or more). In addition, the infrastructure includes charging software for demand management, grid communication, load balancing, and operation monitoring.
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Growth Factors
The growing usage of electric buses in public transportation, the expansion of government funding programs, and the expansion of government plans for the electrification of public transport are the main drivers of the global market for electric bus charging stations.
Around the world, various governments are launching projects to transition the automotive fleet from petroleum-based to electric. Different nations offer incentives and set rules to encourage the use of electric vehicles. For example, governments in the European Union are launching significant measures to choose automobiles powered by green energy. Market expansion and technological optimization are the key objectives of EU policy regarding electric buses.
(A free sample of the Electric Bus Charging Station report is available upon request; please contact us for more information.)
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(Please note that the sample of the Electric Bus Charging Station report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The Electric Bus Charging Stations market is segmented into charger, type, and power. The opportunity charging, depot charging, and inductive charging segments are included in the global electric bus charging stations market. In terms of sales volume, the depot charging category held the most significant proportion in 2021. This can be due to the growing demand for overnight charging stations for buses from both private and public transportation providers. Depot charging stations have more similar operational characteristics to diesel buses.
The global electric bus charging stations market is classified into four segments based on power: less than 50 kW, 50-150 kW, 151-450 kW, and more than 450 kW. In terms of volume, the category with less than 50 kW had the highest share in 2021. The decrease in the price of these charging stations is the main factor driving the category’s global expansion.
Key questions answered in this report:
- What is the size of the Electric Bus Charging Station market and what is its expected growth rate?
- What are the primary driving factors that push the Electric Bus Charging Station market forward?
- What are the Electric Bus Charging Station Industry's top companies?
- What are the different categories that the Electric Bus Charging Station Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Electric Bus Charging Station market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Electric Bus Charging Station Market @ https://www.custommarketinsights.com/report/electric-bus-charging-station-market/
Regional Overview
The Asia Pacific region is anticipated to be the largest and fastest-growing market during the projection period. The Asia Pacific region includes China, India, Japan, and South Korea. Some of the economies in the world that are expanding the fastest are found in this region, including China and India. The governments of these developing nations have taken several steps to entice major OEMs to build electric vehicle charging stations in their domestic markets after realizing the potential for growth in the global electric bus charging station market. For instance, charging network providers for EV charging stations have partnered with several OEMs to advertise free EV charging for EV drivers.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.2 billion |
| Projected Market Size in 2030 | USD 19.5 billion |
| Market Size in 2022 | USD 17.3 billion |
| CAGR Growth Rate | 31.5% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | ABB, Furrer+Frey AG., Siemens, ALSTOM, Heliox, PROTERRA, Momentum Dynamics Corporation, ElectReon, Liikennevirta Oy (Ltd.), and Others |
| Key Segment | By Charger, Type, Power, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
Details of top competitors are provided in the competitive landscape for the Electric Bus Charging Station market. The information includes an overview of the business, financials, revenue, market potential, investments in R&D, new market initiatives, regional presence, corporate strengths and weaknesses, product launches, product breadth and depth, and application domination. The information above only relates to the companies’ market focus on Electric Bus Charging stations.
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Browse the full “Electric Bus Charging Station Market Size, Trends and Insights By Charger (Off-board, Onboard), By Type (Depot Charging, Opportunity Charging, Inductive Charging), By Power (Less than 50 kW, 50–150 kW, 151–450 kW, More than 450 kW), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-bus-charging-station-market/
Prominent Players
- ABB
- Furrer+Frey AG.
- Siemens
- ALSTOM
- Heliox
- PROTERRA
- Momentum Dynamics Corporation
- ElectReon
- Liikennevirta Oy (Ltd.)
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The global Electric Bus Charging Station market is segmented as follows:
By Charger
- Off-board
- Onboard
By Type
- Depot Charging
- Opportunity Charging
- Inductive Charging
By Power
- Less than 50 kW
- 50–150 kW
- 151–450 kW
- More than 450 kW
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Key Insights:
- As per the analysis shared by our research analyst, the Electric Bus Charging Station market is estimated to grow annually at a CAGR of around 31.5% over the forecast period (2022-2030).
- In terms of revenue, the Electric Bus Charging Station market size was valued at around USD 2.2 billion in 2021 and is projected to reach USD 19.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on charger type segmentation, the onboard segment was estimated to hold the maximum market share in 2021.
- Based on type segmentation, the depot charging segment was the top revenue-generating category in 2021.
- Based on power segmentation, the less than 50 kW segment was the top revenue-generating category in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
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Recent Development
- 2022: A UK-based fund, Causes E-Mobility, plans to construct factories for producing electric 2-wheelers, 3-wheelers, and buses. The company wants to get involved in every aspect of the electric car industry, starting with creating an 8 gigatonne-hour lithium-ion cell plant, four production facilities, and renewable energy-powered charging stations.
- 2021: According to ABC Companies, a North American motorcoach seller, an all-electric Van Hool CX45E bus completed a 1,700-mile journey through the Pacific Northwest. Using solely public charging stations, the “Proterra Powered” electric bus travelled from Newark to Seattle and back. The trip is an example of the value of electric bus capabilities and the growing charging network in the US for promoting long-distance electric car travel.
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This Electric Bus Charging Station Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Electric Bus Charging Station? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Electric Bus Charging Station Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Electric Bus Charging Station Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Bus Charging Station Market?
- What Is the Current Market Status of the Electric Bus Charging Station Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Bus Charging Station Market by Considering Applications and Types?
- What Are Projections of the Global Electric Bus Charging Station Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Electric Bus Charging Station Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Electric Bus Charging Station Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Electric Bus Charging Station Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Bus Charging Station Industry?
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Reasons to Purchase Electric Bus Charging Station Market Report
- Electric Bus Charging Station Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Electric Bus Charging Station Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Electric Bus Charging Station Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Electric Bus Charging Station Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Electric Bus Charging Station market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Bus Charging Station market analysis.
- The competitive environment of current and potential participants in the Electric Bus Charging Station market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Electric Bus Charging Station market should find this report useful. The research will be useful to all market participants in the Electric Bus Charging Station Industry.
- Managers in the Electric Bus Charging Station sector are interested in publishing up-to-date and projected data about the worldwide Electric Bus Charging Station market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Bus Charging Station products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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