Electric Bus Market is expected to surpass USD 400 Billion by the year 2024. China is gaining high prominence in developing electric bus over rest of the world. The e-bus is comparatively new discovery than electric car and electric bike but, now every country is talking about battery powered bus with great interest. Complete report with Table of Contents available at https://www.reportsnreports.com/reports/1633386-electric-bus-market-volume-global-analysis-by-types-battery-electric-e-bus-plug-in-hybrid-e-bus-regions-china-europe-nordics-united-states-india-company-yutong-byd-proterra-inc.html.
The report offers a thorough account concerning future progressions drawn from the past information and current conditions of the market. It gives a comprehensive perspective on the worldwide Electric Bus market to settle on smart choices concerning future changes. Read More @ https://www.theinsightpartners.com/reports/electric-bus-market/
The global market for Electric Bus is forecast to reach $10.2 billion by 2026, growing at CAGR 15.7% from 2021 to 2026. Buses are most preferred mode of public transportation by many people in day to day life.
Battery Electric Bus (BEB) Market, by Battery Capacity (Less Than 400 kWh, Above 400 kWh) by Length (Less than 9 meters, 9-14 meters, Above 14 meters), by Consumer (Government, Private), by Range (Less Than 150 Miles, 150 To 300 Miles, Above 300 Miles), Application (Intercity, Intracity) ,by Power Output (Up to 250 kW, Above 250 kW), battery type (NMC batteries, LFP batteries, NCA batteries, Other batteries), seating capacity, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The Europe electric bus market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2032, exhibiting a growth rate (CAGR) of 19.81% during 2024-2032.
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The global Battery Electric Bus (BEB) market size was estimated at USD 41.8 billion in 2023 and is projected to reach USD 332.8 billion in 2030 at a CAGR of 34.5% during the forecast period 2023-2030.
In order to curb pollution and carbon emission, an efficient zero tailpipe emission is required. Gasoline powered buses cause poor air quality, electric buses are a great way to curb global pollution problem. Global Electric Bus Market is expected to cross USD 400 Billion landmark by the year 2024. With increasing awareness about the benefit of using electric buses as public mode of transport coupled with local battery manufacturing and exclusive financing models certainly helping Global Electric Bus Market to grow robustly over the forecast period. For More Information: https://www.renub.com/global-electric-bus-market-nd.php
Electric Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vehicle Type (Battery Electric Bus, Hybrid electric Bus, Plug-in Hybrid Electric Bus); Hybrid Powertrain (Series Parallel Hybrid, Parallel Hybrid, Series Hybrid); Battery (Lithium iron phosphate (LFP), Lithium Nickel Manganese Cobalt Oxide (NMC)); End User (Public, Private) and Geography
North American Electric Bus Market To Hit USD 850 Mn By 2027. The rising focus on the reduction of harmful emissions from transportation sector will foster North America electric bus market forecast in the coming years. The regional governments are bringing out favorable initiatives in the form of tax benefits and feed-in tariffs to encourage companies to develop technologies that produce electric buses.
The China Electric Bus Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Electric Bus industry. See Full Report: http://goo.gl/WCNSJz
The electric bus sales trajectory has been on a rise for the last few years on account of rapid addition to the fleets of large organizations like airports, schools, public transit, etc. In addition, these buses provide several operational, community, and utility benefits, including increased fuel savings, cost efficiency, reliability, safety, sustainability, smoother ride experience, and similar downtime to other technologies.
According to the latest research report by IMARC Group, The United States electric bus market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 12.9% during 2024-2032. More Info:- https://www.imarcgroup.com/united-states-electric-bus-market
According to the latest research report by IMARC Group, The global electric school bus market size reached US$ 27.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 281.1 Billion by 2032, exhibiting a growth rate (CAGR) of 29.51% during 2024-2032. More Info:- https://www.imarcgroup.com/electric-school-bus-market
According to the latest research report by IMARC Group, The Europe electric bus market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.2 Billion by 2028, exhibiting a growth rate (CAGR) of 23.7% during 2023-2028. More Info:- https://www.imarcgroup.com/europe-electric-bus-market
According to the latest research report by IMARC Group, The global electric school bus market is expected to exhibit a CAGR of 34.5% during 2022-2027. More Info:- https://www.imarcgroup.com/electric-school-bus-market
The global electric bus charging station market is predicted to advance at a CAGR of 9.7% from 2018 to 2025 and generate a revenue of $12.3 billion in 2025. The key factors fueling the expansion of the market are the increasing implementation of various government regulations and initiatives in many countries, the rising deployment of electric buses in public transport fleets, and the soaring investments being made in the development of electric bus charging stations all over the world.
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Global Electric Bus Market Size, Share & Industry Analysis, By Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), and Regional Forecasts, 2019-2026
Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region - Global Forecast to 2027
A fund of $4,371.6 million was allocated by the Italian government to convert the bus fleet in its major urban and semi-urban pockets to those running on new energy, such as electricity. The investment for the period between 2019 and 2033 has been provided considering the strong need to reduce the emission of greenhouse gases (GHG) and other toxic gases from vehicles, as they are the primary culprit in the quickly degrading air quality in the country. Additionally, the national government submitted a proposal on an integrated energy and climate plan to the European Union in 2018, which puts a special emphasis on low- or no-emission transport.
The requirement for electric buses is increasing as a result of actions and measures being taken by governments across Europe to reduce pollution. According to WHO data, air pollution causes up to 100,000 fatalities annually in Europe, reducing life expectancy by an average of one year. Because of the risks associated with air pollution, governments in both developed and developing nations are working to reduce this threat. By pledging to electrify their bus fleets, governments from several countries have started reforms in public transportation networks.
Though the electric and hybrid bus market is in its initial phase but the rising venture funding and technological development are significantly driving the market. According to Goldstein Research, global electric & hybrid bus market is expected to reach 40,067 units by 2024, growing at a CAGR of 25.3% over the forecast period 2016-2024.
From valuing $13.3 million in 2018, the U.K. electric bus charging station market is expected to garner $95.5 million in revenue by 2025, registering a 30.7% CAGR during the forecast period (2019–2025). The major factors having a positive influence on the market are the inclusion of electric buses in public fleet and the increase in government initiatives in popularizing these buses and providing the required infrastructure. Charging stations, also known as electric recharging points that are used to recharge an electric bus’s batteries are termed as electric bus charging stations.
China is gaining high prominence in developing electric bus over rest of the world. The e-bus is comparatively new discovery than electric car and electric bike but, now every country is talking about battery powered bus with great interest.
Shanghai Shenlong Bus Co., Ltd., BYD Company Ltd., Tata Motors, Zhongtong Bus Holding Co. Ltd., Olectra Greentech Limited., YUTONG, King Long United Automotive Co. Ltd., Anhui Ankai Automobile Co. Ltd., ASHOK LEYLAND, Deccan Auto Ltd. are among the major players in the Asia-Pacific electric bus industry.
Based on vehicle type, FCEV buses is anticipated to have a huge demand as it operates at low cost and requires less technical maintenance as compared to other electric vehicles. Moreover, hydrogen cells that have recently been produced have enhanced fuel cell capacity and enhanced battery performance, thus lowering operating expenses. Hydrogen cells that have recently been produced have enhanced fuel cell capacity and improved battery performance, lowering operating expenses.
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China electric bus market size is estimated to cross 140,000 units in 2017 and is forecasted to grow at a CAGR of 8.6% during 2018-2025. The market witnessed a significant growth in the historical period, mainly driven by government subsidies.
In the upcoming years, the pantograph charging category is predicted to demonstrate the fastest growth in the U.S. electric bus charging station market.
Global electric bus market is expected to witness double digit growth during 2017 - 2025. The policy makers of various countries are focusing on developing public transit infrastructure with no or low pollution to tackle the air pollutant emissions, mainly in the densely-populated cities and mega-cities.
OEMs and battery manufacturers are working towards development of high energy density battery to deliver more distance coverage on a single charge. Lithium-ion batteries are the most widely used battery technology in electric, hybrid, and plug-in hybrid electric vehicles for their features like low self-discharge, good high temperature efficiency, high energy performance, and high power-to-weight ratio compared with other battery technologies such as lead acid and Nickel-Metal Hybrid. Since the automotive industry is moving towards electric and hybrid vehicles, the battery market is booming.
An electric powertrain is combined with fuel cell systems, controlled technology, and batteries to power hydrogen fuel cell buses. These buses are considered next-generation green transportation because their lifespan is far longer than a typical electric bus. The hydrogen fuel cell bus can refuel quickly and has many routes. With such benefits, the demand for hydrogen fuel cell buses is skyrocketing. For instance, over a thousand hydrogen buses will be launched throughout Europe during the next few years. China has been at the forefront of this technology, moving the battery-electric-driven business forward. In the US, the deployment of hydrogen-fueled buses has been slow, with hydrogen buses accounting for only 3.1% of total zero-emission buses (deployed or planned) across the country.
The global electric bus market size was valued at USD 38.25 billion in 2021 and is expected to grow to USD 111.30 billion by 2030. The market is expected to grow at a CAGR of 12.6% during the forecast period (2022– 2030).
Access full Research: https://www.renub.com/electric-bus-market-p.php As per Renub Research analysis Electric Bus Market is expected to surpass USD 400 Billion by the year 2024. China is gaining high prominence in developing electric bus over rest of the world. The e-bus is comparatively new discovery than electric car and electric bike but, now every country is talking about battery powered bus with great interest. The governments of many countries understand that electric bus will transform the city transport, where many cities across the world are facing severe air pollution. According to Renub Research, e-bus has great potential to change and reshape the whole transportation industry.
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Access full Research: https://www.renub.com/electric-bus-market-p.php As per Renub Research analysis Electric Bus Market is expected to surpass USD 400 Billion by the year 2024. China is gaining high prominence in developing electric bus over rest of the world. The e-bus is comparatively new discovery than electric car and electric bike but, now every country is talking about battery powered bus with great interest. The governments of many countries understand that electric bus will transform the city transport, where many cities across the world are facing severe air pollution. According to Renub Research, e-bus has great potential to change and reshape the whole transportation industry.
The global electric bus market size was valued at USD 38.25 billion in 2021 and is expected to grow to USD 111.30 billion by 2030. The market is expected to grow at a CAGR of 12.6% during the forecast period (2022– 2030). Due to the growing concerns about greenhouse emissions and the adverse effects of such emissions on the environment, the evolution of electric vehicles is proving to be the most amazing gift from humans to nature that reduces the carbon and other hazardous emissions into the atmosphere. For more info - https://straitsresearch.com/report/electric-bus-market
With the rising sale of electric buses, the Italian electric bus charging station market is expected to witness a robust increase in its size, from $12.3 million in 2018, to $44.8 million by 2025, at a 20.3% CAGR between 2019 and 2025.
The global Bus market is forecast to reach $55.2 billion by 2026, growing at CAGR 6.7% from 2021 to 2026. Buses are most preferred mode of public transportation by many people in day to day life.
According to a report by P&S Intelligence, in 2017, the electric bus sales in China were 104.3 thousand units, which is expected to reach 176.4 thousand units by 2025, growing at an 8.6% CAGR during the forecast period (2018–2025).
The United State electric bus market growth will be driven, by factors such as stringent emission norms in the country, environmental benefits of electric vehicles (EVs), favorable government policies to support EVs, long-term operational cost benefits offered by these buses to transit agencies, at a CAGR of 58.4% during the forecast period (2020–2024).
Standard Bus Modular Instrumentation Market By Type (PXI/e Bus Modular Instrument, VXI Bus Modular Instrument, LXI Bus Modular Instrument, PCI/e Bus Modular Instrument, Serial Bus Modular Instrument, AXI/e Bus Modular Instrument), By Application (Communication, Consumer Electronics and Semiconductor, Automotive Electronics, Aerospace and Defence))) End Users (Manufacturing Companies) Region (North America, Europe, Asia Pacific, Middle East and Africa and South America), Global Forecast 2022 to 2031
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Global Lithium-Ion Battery Market presents an opportunity of more than US$ 100 Billion by the end of the year 2025. The growth of the lithium-ion battery market is being fueled by the expansion of electric vehicle & e-bus. Lithium-ion batteries are gaining demand from automobile companies due to their small size and light weight compared to nickel metal batteries used in electric cars. Access full Research: https://www.renub.com/lithium-ion-battery-market-application-material-companies-p.php
the development and adoption of electric vehicles have been driven by a number of factors, including concerns about the environmental impact of traditional ice vehicles, advancements in battery technology, and government policies and incentives aimed at promoting the use of evs. read further by a tata motors bus showroom in ambala.
TBRC global commercial electric vehicles market report includes pantograph, plug-in, inductive, bus, truck, pick-up truck, van, pantograph, plug-in, inductive
The global electric insulator market can be se segmented based on application as surge protection devices, cables & transmission lines, switchgears, bus bar and transformers.