Global Electric Bus Charging Station Market Share Is Likely To Grow At A CAGR Value Of Around 40.2% By 2028

02-Mar-2022 | Facts and Factors

According to the report published by Facts and Factors, the global electric bus charging station market was worth around USD 600 million in 2021 and is estimated to grow to about USD 5500 Million by 2028, with a compound annual growth rate (CAGR) of approximately 40.2% over the forecast period. The report analyzes the electric bus charging station market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the electric bus charging station market.

An electric bus is an electric vehicle (EV), which means it runs on electricity rather than petrol, diesel, or gasoline. Unlike a hybrid vehicle, which uses a combination of battery power and an internal combustion engine, an electric bus runs entirely on electricity. As a result, electric vehicles are occasionally referred to as "all-electric vehicles" to emphasize that they do not use any other sort of power. The necessity for electric vehicles has arisen as carbon and several other toxic transportation gas emissions have increased. As a result, there is an increasing demand for business and residential charging infrastructure. Electric buses are exploding onto the scene as a viable alternative to regular buses for cities, commercial transit companies, and schools. It's no surprise that these buses are gaining popularity because they are more environmentally friendly and can save you money over time.

Browse the full“Electric Bus Charging Station Market By Charger (On-Board and Off-Board), By Category (Opportunity Charging, Depot Charging, and Inductive Charging), By Power (> 450 kW, 151-450 kW, 50-150 kW, and <50 kW), By Connector (CCS, J1772, and Others) and By Region-Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” report at https://www.fnfresearch.com/electric-bus-charging-station-market

Growing government ambitions for major transit electrification

Several significant factors have propelled the global electric bus charging station market, most notably increased government funding schemes and increased government aspirations for the electrification of mass buses. Furthermore, governments are launching significant programs to encourage the use of green energy-powered automobiles. E-mobility is now considered the most effective technology for reducing transportation exhaust emissions. Electric buses are rapidly replacing traditional diesel-fueled buses, exceeding the adoption of battery-powered vehicles. However, the high cost of setting up the electric bus charging infrastructure may hinder the global market's growth.

The global electric bus charging station market is segregated on the basis of charger, category, power, connector, and region. Based on charger, the market is divided into onboard and off-board. Among these, the onboard segment dominates the market. Based on category, the market is classified into opportunity charging, depot charging, and inductive charging. Over the forecast period, the depot charging category is expected to have the highest share. By power, the market is classified into > 450 kW, 151-450 kW, 50-150 kW, and < 50 kW. In terms of power, the <50 kW group accounts for the lion’s share. By connector, the market is bifurcated into CCS, J1772, and others.

Report Scope

Recent developments

• In February 2022, Causis E-Mobility, which is sponsored by a UK fund, intends to build factories for electric 2-wheelers, 3-wheelers, and buses. The company's goal is to enter the whole value chain of electric vehicles, beginning with the establishment of an 8-gigatonne-hour lithium-ion cell factory, four manufacturing factories, and charging stations that will employ renewable energy sources.
• February 2022: ABC Companies, a North American motorcoach seller, reported the completion of a 1,700-mile voyage through the Pacific Northwest in an all-electric Van Hool CX45E bus. The "Proterra Powered" electric bus drove from Newark to Seattle and back, using only public charging stations.

Asia Pacific market is predicted to be the largest and fastest-growing in the market

The Asia Pacific region is expected to be the largest and fastest-growing market during the forecast period. China, India, Japan, and South Korea are among the countries that make up the Asia Pacific area. The region is home to some of the world's fastest-growing economies, including China and India. The governments of these growing economies have recognized the global electric bus charging station market's growth potential and, as a result, have implemented a variety of efforts to recruit major OEMs for the construction of electric vehicle charging stations in their local markets. Charging network operators for EV charging stations, for example, have teamed up with several OEMs to promote free EV charging for EV drivers.

Some of the leading players in the global market include

JEMA Energy S.A., Siemens AG, Qingdao TGOOD Electric Co. Ltd., Advanced Vehicle Manufacturing Inc., Powerdale NV., Heliox B.V., Star Charge, Ekoenergetyka-Polska Sp. z o.o., GH Energy Inc., Proterra Inc., China Potevio Co. Ltd., ABB Ltd., Schunk Carbon Technology, and Bombardier Inc.

The Global Electric Bus Charging Station Market is segmented as follows:

By Charger

• On-Board
• Off-Board

By Category

• Opportunity Charging
• Depot Charging
• Inductive Charging

By Power

• > 450 kW
• 151-450 kW
• 50-150 kW
• < 50 kW

By Connector

• CCS
• J1772
• Others

By Region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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