Gmi Research's blog : Electric Bus Market Research Report
Electric Bus Market
Electric Bus Market is forecast to witness a promising
growth over the forecast period (2020-2027), owing to the rapidly accelerating
urban population and growing emphasis by the government to reduce battery
prices.
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Electric Bus Market
Increasing focus of leading nations on
encouraging automation of mass transmit solutions with intensified government
support has strengthened the electric bus market size. The United Nations
Environment Program (UNEP) report asserts that the main cause of black carbon
emissions across the transportation sector are city buses. As per the Electric
Bus market forecast, government initiatives and growing demand
for unrefined petroleum have surged the demand for electric vehicles owing to
their lighter weight and productivity. Augmenting demand for hydrogen fuel cell
buses owing to their enlarged life, speedy pace, and route flexibility has
fueled the Electric Bus market share. In accordance with the World
Health Organization (WHO), the number of deaths witnessed a significant air
contamination.
By Seating capacity, the 31–40-seater segment is projected
to lead the market over the coming years, owing to the rising number of
electric passenger buses. Furthermore, the increasing production of electric
buses with 31-40 seats, primarily by the leading players such as Yutong, BYD, and
Porteera, is supplementing the Electric Bus market size.
By consumer, the government segment is expected to grow at a
higher CAGR over the forecast period, owing to the growing government emphasis across
different nations to use electric buses. In 2020, the Indian government declared
the introduction of 2,000 new electric buses in the capital by the end of 2021,
with an intent to decrease the pollution in Delhi.
Leading electric bus manufacturers are Yutong, Proterra, VDS
Bus & Coach BV, BYD Motors Inc., AB Volvo, Daimler AG, CAF, Ebusco, New
Flyer Industries Canada ULC, and ETW International Inc., among others.
Key Developments:
In 2019, BYD Motors Inc., declared a partnership with
Toyata, with an intent to increase the research & development of the
battery electric vehicles. The companies will produce customer-driven mobility
solutions by joining “the strengthens of the two organizations”.
In 2019, AB Volvo introduced its new electric articulated
bus, with the capacity to carry up to 150 passengers and has 80% lower energy
consumption as compared to the other corresponding diesel buses.
Electric Bus Market Segmentation:
Electric
Bus Market by Propulsion Type
·
BEV
·
PHEV
·
FCEV
Electric
Bus Market by Consumer Segment
·
Private Fleet Operator
·
Government
Electric
Bus Market by Application
·
Intercity
·
Intracity
Electric
Bus Market by Seating Capacity
·
Up to 30 Seater
·
31-40 Seater
·
Above 40
Electric
Bus Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
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Research
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