Electric buses are essential to reduce greenhouse gas emissions and it can offer a sufficient solution for environmental sustainability. Bus fleet electrification (BFE) has garnered a lot of interest in academic and industrial circles. The Chinese government is working really hard to promote ecotourism. Better safety regulations, having a charging station at work, fast charging options, government incentives, and affordable electric bus charging is anticipated to fuel the use of electric buses and are further predicted to boost the growth of the global electric bus charging station infrastructure market.
Besides slower AC chargers in level 1 and level 2 charging stations, high installation costs, and potential issues with level 3 charger performance in cold climates are predicted to limit global demand for EV charging station infrastructure.
The advent of solar PV, shorter charging times (100 miles in six minutes), and increased public awareness are anticipated to support the growth of the global electric bus charging station infrastructure market demand. In the near future, energy storage and the transfer of electricity from buses to the grid during blackouts may open up new opportunities for the global market for infrastructure supporting electric bus charging stations.
The COVID-19 pandemic brought several uncertainties, leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on major electric bus infrastructure producing countries such as the U. S. and China, which imposed significant challenges on the market. However, since April 2020, the government of India has been implementing the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) subsidy plan that is FAME-II, which provides a capital subsidy of Rs. 35-55 lakh per bus. These initiatives are predicted to drive the electric bus charging infrastructure market size during the analysis timeframe.
The key players profiled in this report include ABB Ltd., Alstom SA, BYD Auto Co. Ltd, ChargePoint Inc., Efacec, Furrer + Frey AG, Heliox, Liikennevirta Oy (Virta Global), Nuvve Corporation, and Proterra.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric bus charging infrastructure market analysis from 2021 to 2030 to identify the prevailing electric bus charging infrastructure market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric bus charging infrastructure market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric bus charging infrastructure market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- On the Go
By Charging Type
- North America
- U. S.
- United Kingdom
- Rest of Europe
- South Korea
- Rest Of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ABB Ltd.
- Alstom SA
- BYD Auto Co. Ltd
- ChargePoint Inc.
- Furrer + Frey AG
- Heliox Group
- Liikennevirta Oy
- Nuvve Corporation
- proterra inc
Table of ContentsCHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Market Share Analysis
3.9. Regulatory Guidelines
3.10. Key Regulation Analysis
3.11. Patent Landscape
CHAPTER 4: ELECTRIC BUS CHARGING INFRASTRUCTURE MARKET, BY PLATFORM
4.1.1 Market size and forecast
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 On the Go
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: ELECTRIC BUS CHARGING INFRASTRUCTURE MARKET, BY CHARGING TYPE
5.1.1 Market size and forecast
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: ELECTRIC BUS CHARGING INFRASTRUCTURE MARKET, BY REGION
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Platform
6.2.3 North America Market size and forecast, by Charging Type
6.2.4 North America Market size and forecast, by country
126.96.36.199 U. S.
188.8.131.52.1 Market size and forecast, by Platform
184.108.40.206.2 Market size and forecast, by Charging Type
220.127.116.11.1 Market size and forecast, by Platform
18.104.22.168.2 Market size and forecast, by Charging Type
22.214.171.124.1 Market size and forecast, by Platform
126.96.36.199.2 Market size and forecast, by Charging Type
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Platform
6.3.3 Europe Market size and forecast, by Charging Type
6.3.4 Europe Market size and forecast, by country
188.8.131.52.1 Market size and forecast, by Platform
184.108.40.206.2 Market size and forecast, by Charging Type
220.127.116.11 United Kingdom
18.104.22.168.1 Market size and forecast, by Platform
22.214.171.124.2 Market size and forecast, by Charging Type
126.96.36.199.1 Market size and forecast, by Platform
188.8.131.52.2 Market size and forecast, by Charging Type
184.108.40.206.1 Market size and forecast, by Platform
220.127.116.11.2 Market size and forecast, by Charging Type
18.104.22.168.1 Market size and forecast, by Platform
22.214.171.124.2 Market size and forecast, by Charging Type
126.96.36.199 Rest of Europe
188.8.131.52.1 Market size and forecast, by Platform
184.108.40.206.2 Market size and forecast, by Charging Type
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Platform
6.4.3 Asia-Pacific Market size and forecast, by Charging Type
6.4.4 Asia-Pacific Market size and forecast, by country
220.127.116.11.1 Market size and forecast, by Platform
18.104.22.168.2 Market size and forecast, by Charging Type
22.214.171.124.1 Market size and forecast, by Platform
126.96.36.199.2 Market size and forecast, by Charging Type
188.8.131.52.1 Market size and forecast, by Platform
184.108.40.206.2 Market size and forecast, by Charging Type
220.127.116.11 South Korea
18.104.22.168.1 Market size and forecast, by Platform
22.214.171.124.2 Market size and forecast, by Charging Type
126.96.36.199.1 Market size and forecast, by Platform
188.8.131.52.2 Market size and forecast, by Charging Type
184.108.40.206 Rest Of Asia Pacific
220.127.116.11.1 Market size and forecast, by Platform
18.104.22.168.2 Market size and forecast, by Charging Type
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Platform
6.5.3 LAMEA Market size and forecast, by Charging Type
6.5.4 LAMEA Market size and forecast, by country
22.214.171.124.1 Market size and forecast, by Platform
126.96.36.199.2 Market size and forecast, by Charging Type
188.8.131.52 Saudi Arabia
184.108.40.206.1 Market size and forecast, by Platform
220.127.116.11.2 Market size and forecast, by Charging Type
18.104.22.168.1 Market size and forecast, by Platform
22.214.171.124.2 Market size and forecast, by Charging Type
126.96.36.199 South Africa
188.8.131.52.1 Market size and forecast, by Platform
184.108.40.206.2 Market size and forecast, by Charging Type
220.127.116.11 Rest of LAMEA
18.104.22.168.1 Market size and forecast, by Platform
22.214.171.124.2 Market size and forecast, by Charging Type
CHAPTER 7: COMPANY LANDSCAPE
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ABB Ltd.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Alstom SA
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BYD Auto Co. Ltd
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 ChargePoint Inc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Furrer + Frey AG
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Heliox Group
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Liikennevirta Oy
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Nuvve Corporation
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 proterra inc
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive SummaryAccording to this report, titled, 'Electric Bus Charging Infrastructure Market,' the electric bus charging infrastructure market was valued at $1.9 billion in 2021, and is estimated to reach $18.8 billion by 2030, growing at a CAGR of 30.9% from 2022 to 2030.
Electric vehicles have the potential to transform the world's transportation economy, substantially reducing carbon emissions and opening the door to significant climate gains. Electric bus charging systems connect the plug-in electric vehicle to an electrical outlet to charge the vehicle's battery. Furthermore, to address the increased demand for electric buses, a number of automakers and electric component manufacturers are collaborating in order to develop enhanced electric bus charging systems.
Governments are launching large-scale initiatives to promote the use of green energy-powered electric buses. E-mobility is now widely regarded as the most promising technology for reducing transportation emissions. Electric buses are rapidly replacing traditional diesel-powered buses, outpacing battery-powered automobile adoption. According to Bloomberg New Energy Finance, by 2030, 28% of car sales will be electric vehicles, while 84% of new buses will be electric buses. These factors are responsible for the growth of the market.
Some of the disadvantages of electric bus charging infrastructure include that buses find it more challenging to operate overnight if necessary as it takes considerable time for the batteries to charge. Buses can only go up to 250 km on a fully charged battery before having to stop and re-charge it for several hours or minutes. These factors restrain the growth of the market.
Market players have a lot of room to grow as a result of rise in demand for private electric bus charging infrastructure. Since many hospitality service providers offer electric bus charging facilities at their locations, this has increased competition in the hospitality sector. Additionally, many multinational corporations offer charging stations as part of their infrastructure which is projected to create a substantial opportunity for growth of the companies that design and install charging infrastructure. Electric buses have a number of potential benefits over standard diesel buses. Along with these environmental advantages, e-buses can minimize running costs, increase passenger comfort (by lowering vibration), reduce noise pollution, help stabilize the grid through vehicle-to-grid applications, and improve energy efficiency through lower fuel and maintenance costs. These factors are anticipated to boost the market growth in the upcoming years.
The global electric bus charging infrastructure market share is segmented based on platform, charging type, and region. By platform, it is classified into depot and on-the-go. By charging type, it is classified into on-board and off-board. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the electric bus charging infrastructure market report include ABB Ltd., Alstom SA, BYD Auto Co. Ltd, ChargePoint Inc., Efacec, Furrer + Frey AG, Heliox, Liikennevirta Oy(Virta Global), Nuvve Corporation, and Proterra. Moreover, electric bus charging market share is accounted by key players namely ChargePoint Inc., Heliox, and BYD Auto Co. Ltd.
The report offers a comprehensive analysis of the global electric bus charging infrastructure market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of Covid-19 on the Global Electric Bus Charging Infrastructure IndustryCOVID-19 impacted almost all industries and the electric bus charging infrastructure producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, and a shortage of labor. The fear of contracting the novel coronavirus led to sluggish demand in the market.
Sales of electric bus charging infrastructure are directly proportional to the demand from automotive industry. However, various sector, such as automotive, were negatively impacted by the COVID-19 pandemic that has affected the production and demand for electric bus charging infrastructure due to disrupted supply chain.
Social distancing norms, closed borders, and production constraints due to the pandemic across various countries such as China, India, and the U.S. have affected the global market.
Key Findings of the StudyBased on platform, the on-the-go sub-segment emerged as the global leader in 2021, and the depot sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
Based on charging type, the off-board sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years.
Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
- ABB Ltd.
- Alstom SA
- Byd Auto Co. Ltd.
- Chargepoint Inc.
- Furrer + Frey AG
- Heliox Group
- Liikennevirta Oy
- Nuvve Corporation
- Proterra Inc
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.