The key drivers for the U.S. electric bus charging station market are favorable government schemes and regulations and the rising demand for electric buses. The market generated revenue of $20.9 million, in 2018, which is expected to grow at a CAGR of 37.1% during 2019-2025 (forecast period) to $184.5 million in 2025. Alternatively termed charge points, electric recharging points, and electric vehicle supply equipment (EVSE), such stations are used to charge battery electric buses (BEB) and plug-in hybrid electric buses (PHEV).
Based on product, the U.S. electric bus charging station market is classified into plug-in, inductive, and pantograph charging. Among these, plug-in stations held the largest value share, in 2018, because of their earlier adoption in the country. However, by 2025, pantograph charging is projected to become the highest revenue generating classification, as such stations charge the buses rather quickly, thus reducing the total journey time and helping transport operators maximize their revenue.
When segmented by charger, the market is bifurcated into off-board and on-board chargers, of which off-board was the dominating bifurcation during the historical period (2017-2018). This was due to the fact that such chargers help in reducing the weight of the vehicle, thereby resulting in faster charging. Such infrastructure is also favored due to its vehicle-to-grid reactive power capabilities, which is why it would continue being the larger category throughout the forecast period.
The growing installation of wireless charging infrastructure is the key trend in the U.S. electric bus charging station market currently. Through this system, the weight of the bus can be curbed further, as the electricity is transferred from the EVSE to the vehicle cordlessly. Further, these systems lead to an improvement in the electric bus efficiency as well as the driver’s experience. Owing to their increasing popularity, several advanced cordless EVSEs are being developed, which can charge the battery via inductive systems.
The U.S. electric bus charging station market growth is a direct result of the favorable policies of various state governments in the country. Grants, tax rebates, and subsidies are being provided for the installation of charging infrastructure as well as procurement of buses. For instance, the Federal Transit Administration, under the U.S. Department of Transportation, announced grants of $85 million through the Low- or No-Emission Grant program, for alternative-fuel buses and EVSE deployment. Additionally, the federal government is also collaborating with charging station providers and bus manufacturers, in this regard.
The rising requirement for electric buses is automatically pushing the installation rate of the charging infrastructure. In the country, buses are used for public and military transport purposes, and most of the vehicles are purchased by the government at the federal and state levels, with city and county governments also stepping up efforts. For example, the city of Columbus, in Ohio, has decided to procure 200 electric buses and charging stations for public transit. Similarly, Louisville, in Kentucky, plans to increase the number of electric buses in its fleet to 15.
Another major growth driver for the U.S. electric bus charging station market is the fall in the prices and augmentation in the efficiency of batteries. The price of bulk battery orders reduced to around $333/kWh in 2018 from around $1,000/kWh in 2010. Batteries make up for up to 40% of the electric bus cost, therefore the falling battery prices allow automakers to decrease the purchase cost of the vehicles, which is further leading to their high adoption. This is having a direct positive effect on the installation of charging infrastructure across the country.
Therefore, with the federal, state, and municipal governments doing their bit to increase the share of electric buses in their fleet, the demand for EVSE would continue to grow in the U.S.
Based on product, the U.S. electric bus charging station market is classified into plug-in, inductive, and pantograph charging. Among these, plug-in stations held the largest value share, in 2018, because of their earlier adoption in the country. However, by 2025, pantograph charging is projected to become the highest revenue generating classification, as such stations charge the buses rather quickly, thus reducing the total journey time and helping transport operators maximize their revenue.
When segmented by charger, the market is bifurcated into off-board and on-board chargers, of which off-board was the dominating bifurcation during the historical period (2017-2018). This was due to the fact that such chargers help in reducing the weight of the vehicle, thereby resulting in faster charging. Such infrastructure is also favored due to its vehicle-to-grid reactive power capabilities, which is why it would continue being the larger category throughout the forecast period.
The growing installation of wireless charging infrastructure is the key trend in the U.S. electric bus charging station market currently. Through this system, the weight of the bus can be curbed further, as the electricity is transferred from the EVSE to the vehicle cordlessly. Further, these systems lead to an improvement in the electric bus efficiency as well as the driver’s experience. Owing to their increasing popularity, several advanced cordless EVSEs are being developed, which can charge the battery via inductive systems.
The U.S. electric bus charging station market growth is a direct result of the favorable policies of various state governments in the country. Grants, tax rebates, and subsidies are being provided for the installation of charging infrastructure as well as procurement of buses. For instance, the Federal Transit Administration, under the U.S. Department of Transportation, announced grants of $85 million through the Low- or No-Emission Grant program, for alternative-fuel buses and EVSE deployment. Additionally, the federal government is also collaborating with charging station providers and bus manufacturers, in this regard.
The rising requirement for electric buses is automatically pushing the installation rate of the charging infrastructure. In the country, buses are used for public and military transport purposes, and most of the vehicles are purchased by the government at the federal and state levels, with city and county governments also stepping up efforts. For example, the city of Columbus, in Ohio, has decided to procure 200 electric buses and charging stations for public transit. Similarly, Louisville, in Kentucky, plans to increase the number of electric buses in its fleet to 15.
Another major growth driver for the U.S. electric bus charging station market is the fall in the prices and augmentation in the efficiency of batteries. The price of bulk battery orders reduced to around $333/kWh in 2018 from around $1,000/kWh in 2010. Batteries make up for up to 40% of the electric bus cost, therefore the falling battery prices allow automakers to decrease the purchase cost of the vehicles, which is further leading to their high adoption. This is having a direct positive effect on the installation of charging infrastructure across the country.
Therefore, with the federal, state, and municipal governments doing their bit to increase the share of electric buses in their fleet, the demand for EVSE would continue to grow in the U.S.
Table of Contents
Chapter 1. Research Background1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Connector
1.3.3 Market Segmentation by Charger
1.3.4 Market Segmentation by Charging
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Volume
1.3.6.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.1.1 Plug-in charging
4.1.1.2 Pantograph charging
4.1.1.3 Inductive charging
4.1.2 By Connector
4.1.2.1 J1772
4.1.2.2 CCS
4.1.2.3 Others
4.1.3 By Charger
4.1.3.1 Off-board
4.1.3.2 On-board
4.1.4 By Charging
4.1.4.1 Fast charging
4.1.4.2 Slow charging
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Growing emergence of wireless charging systems
4.3.2 Drivers
4.3.2.1 Government schemes and regulations
4.3.2.2 Growing demand for electric buses increases the deployment of electric bus charging stations
4.3.2.2.1 Falling battery costs and improving operational efficiencies
4.3.2.2.2 Increasing replacement sales
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High cost of equipment and installation
4.3.3.2 Lack of standardization
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing preference for depot charge buses over on-route charge buses
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining power of buyers
4.4.2 Bargaining power of suppliers
4.4.3 Threat of new entrants
4.4.4 Intensity of rivalry
4.4.5 Threat of substitutes
Chapter 5. U.S. Market Size and Forecast
5.1 By Product
5.2 By Connector
5.3 By Charger
5.4 By Charging
Chapter 6. U.S. Electric Bus Market Size and Forecast
6.1 Electric Buses in Service and On-Order by State
Chapter 7. Major Electric Bus Deployment Initiative in U.S.
7.1 Major Electric Bus Deployment Initiatives
Chapter 8. Policy and Regulatory Landscape for Electric Bus
8.1 Electric Buses
8.1.1 Overview
8.1.2 Incentive Schemes and Programs
8.1.2.1 Alabama
8.1.2.2 California
8.1.2.3 Colorado
8.1.2.4 Maryland
8.1.2.5 Massachusetts
8.1.2.6 Minnesota
8.1.2.7 Missouri
8.1.2.8 Nevada
8.1.2.9 New York
8.1.2.10 Ohio
8.1.2.11 Pennsylvania
8.1.2.12 Rhode Island
8.1.2.13 Texas
8.1.2.14 Utah
8.1.2.15 Virginia
8.1.2.16 Washington
8.2 Electric Charging infrastructure
8.2.1 Overview
8.2.2 Incentive Schemes and Programs
8.2.2.1 Arkansas
8.2.2.2 California
8.2.2.3 Connecticut
8.2.2.4 Delaware
8.2.2.5 District of Columbia
8.2.2.6 Georgia
8.2.2.7 Maryland
8.2.2.8 New York
8.2.2.9 Oklahoma
8.2.2.10 Pennsylvania
8.2.2.11 Rhode Island
8.2.2.12 Virginia
8.2.2.13 Washington
8.3 Electric Bus Projects in the Pipeline
Chapter 9. Competitive Landscape
9.1 Market Share Analysis of Key Players
9.2 Competitive Analysis of Key Players
9.3 Strategic Developments of Key Players
Chapter 10. Company Profiles
10.1 ABB Ltd.
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.1.3 Key Financial Summary
10.2 APT Controls Ltd.
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.3 Heliox B.V.
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.4 Siemens Mobility GmbH
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.5 Proterra Inc.
10.5.1 Business Overview
10.5.2 Product and Service Offerings
10.6 Advanced Vehicle Manufacturing Inc.
10.6.1 Business Overview
10.6.2 Product and Service Offerings
Chapter 11. Appendix
11.1 Abbreviations
11.2 Sources and References
11.3 Related ReportsList of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 BATTERY PRICE TRENDS (2016-2024)
TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 5 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY PRODUCT, UNITS (2016-2025)
TABLE 6 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY PRODUCT, $M (2016-2025)
TABLE 7 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CONNECTOR, UNITS (2016-2025)
TABLE 8 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CONNECTOR, $M (2016- 2025)
TABLE 9 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGER, UNITS (2016-2025)
TABLE 10 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGER, $M (2016-2025)
TABLE 11 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGING, UNITS (2016-2025)
TABLE 12 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGING, $M (2016-2025)
TABLE 13 U.S. ELECTRIC BUS MARKET, (2015-2024)
TABLE 14 ELECTRIC BUSES IN SERVICE AND ON-ORDER BY STATE (2018)
TABLE 15 LOW- OR NO-EMISSION ELECTRIC BUS PROJECTS
TABLE 16 CALIFORNIA VOLUNTARY VEHICLE RETIREMENT INCENTIVE PROGRAM
TABLE 17 NEW YORK ALTERNATIVE FUEL AND ADVANCED VEHICLE PURCHASE VOUCHER SCHEME
TABLE 18 UTAH ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
TABLE 19 WASHINGTON ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
TABLE 20 MARYLAND ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
TABLE 21 MARYLAND ALTERNATIVE FUEL STATION GRANT PROGRAM
TABLE 22 ELECTRIC BUS PROJECTS IN THE PIPELINE
TABLE 23 COMPETITIVE ANALYSIS OF KEY PLAYERS
TABLE 24 ABB LTD. - AT A GLANCE
TABLE 25 ABB LTD. - KEY FINANCIAL SUMMARY
TABLE 26 APT CONTROLS LTD. - AT A GLANCE
TABLE 27 HELIOX B.V. - AT A GLANCE
TABLE 28 SIEMENS MOBILITY GMBH - AT A GLANCE
TABLE 29 PROTERRA INC. - AT A GLANCE
TABLE 30 ADVANCED VEHICLE MANUFACTURING INC. - AT A GLANCEList of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 U.S. ELECTRIC BUS CHARGING STATION MARKET SUMMARY
FIG 7 VALUE CHAIN OF U.S. ELECTRIC BUS CHARGING STATION MARKET
FIG 8 PORTER’S FIVE FORCES ANALYSIS
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 BARGAINING POWER OF SUPPLIERS
FIG 11 THREAT OF NEW ENTRANTS
FIG 12 INTENSITY OF RIVALRY
FIG 13 THREAT OF SUBSTITUTES
FIG 14 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY PRODUCT, UNITS (2016-2025)
FIG 15 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CONNECTOR, UNITS (2016-2025)
FIG 16 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGER, UNITS (2016-2025)
FIG 17 U.S. ELECTRIC BUS CHARGING STATION MARKET, BY CHARGING, UNITS (2016-2025)
FIG 18 U.S. ELECTRIC BUS MARKET, UNITS (2015-2024)
FIG 19 U.S. ELECTRIC BUS CHARGING STATION MARKET SHARE OF KEY PLAYERS (2018)
FIG 20 ABB LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Companies Mentioned
- ABB Ltd.
- APT Controls Ltd.
- Heliox B.V.
- Siemens Mobility GmbH
- Proterra Inc.
- Advanced Vehicle Manufacturing Inc.
Methodology
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