Electric Bus Charging System Market is expected to Grow at

21 Jun 2021
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New York, US, June 21, 2021 (GLOBE NEWSWIRE) -- The global electric bus charging system market is expected to reach from USD 945.3 million in 2019 to USD 2185 million in 2029 as per a new research report by Straits Research. The electric bus charging system market is anticipated to witness significant growth due to the increasing demand for electric vehicles. There is a surge in the utilization of electric bus charging system, owing to the decreasing cost of batteries. The growing efforts to reduce greenhouse gas (GHG) emissions, along with the rise in favorable government regulations have surged its application across the globe. However, the lack of necessary infrastructure and the lack of present resources to meet electricity demand hampers the growth of the market. The electric bus charging system market size is expected to grow USD 2185 million in 2029, with a CAGR of 13.9% in the forecast period 2021 to 2029. Request for a sample of this research report @ Onboard Charging Segment Caters to the Maximum Share in the Electric Bus Charging System MarketThe global electric bus charging system market has been segmented majorly on the basis of charging type, battery type, charging platform, and region. Based on charging type, the market is segmented into on-board charging and off-board charging. Based on battery type market is segmented into lithium iron phosphate, nickel cobalt manganese lithium-ion, and others. Based on charging platform, electric bus charger manufacturers, EV bus manufacturers, Canadian, Chinese electric bus manufacturers, and electric bus charging station cost is segmented majorly impacted on the market. COVID-19 Impact on Automobile Industry The pandemic wreaked havoc on all primary sectors when there was a temporary shutdown of all the events. Industries, such as construction, automobile and aviation, and aerospace and defense, were among the hit majorly, and the damages suffered by companies due to temporary shutdowns impaired production capability, restricting new deployments. Apart from this, the consequences of COVID-19, such as lockdown and social distancing, significantly decreased the automobile sales of electric vehicles and electric bus charging system. In addition, most main players have successfully strategized with other companies and increased their R&D activities to deploy new, effective, hybrid bus, electric bus, and inexpensive solutions. Get Details Insight @ Recent Developments China, India, Japan, and South Korea to Develop Their Charging Infrastructure to Boost the Use of Electric Vehicles (EV) Regionally, Asia-Pacific dominates the electric bus charging system market on account of the rapid technological advancements, presence of industry leaders, and favorable government regulations. Europe is considered a thriving market across the globe and is anticipated to exhibit the fastest growth due to the high adoption of EV by the European countries, massive investments, and the deployments of the latest technology view the details on the regional analysis. Get Regional Analysis and Trends @ Detailed Table of Content 1              Introduction2              Clinical Management Systems Methodology2.1          Primary Research2.2          Research Methodology2.3          Assumptions & Exclusions2.4          Secondary Data Sources3              Market Overview 3.1          Report Segmentation & Scope3.2          Value Chain Analysis: Electric Bus Charging System Market3.3          Key Market Trends3.3.1      Drivers3.3.2      Restraints3.3.3      Opportunities3.4          Porter’s Five Forces Analysis 3.7          Impact of COVID-19 on Electric Bus Charging System Market4              Charging Type Overview 4.1          Introduction4.2          On board charging4.3          Off board charging5              Battery Type Overview 5.1          Introduction5.2          Lithium iron phosphate5.3          Nickel cobalt manganese lithium-ion5.4          Others6              Charging Platform Overview 6.1          Introduction6.2          Depot charging (Plug based)6.3          Opportunity based charging       7              Regional Overview7.1          Introduction7.2          North America7.3          Europe7.4          Asia-Pacific8              Company Profile8.1          ABB8.2          ALSTOM8.3          Furrer+Frey AG.8.4          Heliox8.5          PROTERRA8.6          Siemens8.7          Others The EV sales had been increased by a whopping 63 % in 2017 as compared to 2016. By 2040, it has been estimated that the number of EVs to reach 35% of all vehicles. This is mainly attributed to the steep reduction in the cost of battery technology and decarbonized policies of governments worldwide. As per the Bloomberg New Energy Finance estimates, the sale of electric buses is expected to reach 1.25 million units by 2025.  Electric Bus Charging System Market: Information by Charging Type, Battery Type (Lithium Iron Phosphate), Charging Platform (Depot Charging), and Region — Forecast till 2029 Buy Full Research Report of Electric Bus Charging System @ Have a Look at Related Research Report Battery Materials Market: Information by Battery Type (Lead-acid), Material Type (Cathode), Application (Portable Devices, Automotive), and Region-Forecast till 2029 Electric Bus Market: Information by Vehicle (Battery, Plug-In, and Hybrid), Consumer (Public and Private), and Region—Forecast till 2029 Wireless Car Charging Market: Information by Charging Type (Dynamic Wireless Charging Systems), Vehicle Type (Hybrid Electric Cars), and Technology, and Region — Forecast till 2029 Electric Utility Vehicle Market: Information by Type (Battery Acid, Gel Lead) Application (Logistics & Delivery Industry, Public Sector, Agriculture) Regional Outlook — Forecast Till 2026 Electronic Components Market: Information by Type (Passive, Active, and Electro mechanic), Application (Automotive, Computing Application, Others), and Region–Forecast till 2029 Battery Management IC Market: Information by Type (Battery Charger IC, Fuel Gauge IC, and Authentication IC), Application (Healthcare and Automotive), and Region — Forecast till 2029 About Straits Research StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research provides the actionable market research data specially designed and presented for decision-making and ROI. Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. So let's put our minds together. We'll make your vision a reality and help you grow.
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