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Global Electric Bus Charging Infrastructure Projected to Grow with CAGR of 12.80% - QY Research Report

Author: QYResearch  |   Published Date: 2021-09-17   |   Views: 46



Electric Bus Charging Infrastructure refers to the facilities used to charge electric buses. With the development of new energy vehicles, there are more and more electric buses. Many countries have supported electric buses and established many charging stations. The charging power of electric bus charging stations is generally greater than that of electric vehicle charging stations, and it can be built in bus stations or highway rest areas for charging.

 

The global Electric Bus Charging Infrastructure market is expected to reach 1,169.66 million USD by 2027 from 501.23 million USD in 2020, growing at a CAGR of 12.80% between 2021 and 2027. The growth of the global electric bus charging station market is mainly driven by favorable government schemes and regulations paired with the growing demand for electric buses increases the deployment of electric buses. In addition, EV charging stations powered by renewable sources are expected to open up new alluring opportunities for the global electric bus charging station market in years to come. The growing advent of wireless charging systems is a key development in the global electric bus charging station industry. These charging systems have become a hot topic among bus manufacturers as a way to reduce the weight of a bus while also shortening the charging time. The wireless charging system uses a cordless technique to transfer power from the supply system to the load. It can also be energized in a variety of ways, both dynamic and static. Furthermore, as compared to traditional plug-in chargers, these systems significantly increase electric vehicle efficiency as well as the driving experience in terms of range.

 

At present, the major players of Electric Bus Charging Infrastructure in the world include: ABB, Siemens, Proterra, Momentum Dynamics, Ekoenergetyka-Polska, ALSTOM, Valmont Structures, Heliox, IES Synergy, IPT Technology, Furrer+Frey and ChargePoint, among which ABB is the world’s largest Electric Bus Charging Infrastructure manufacturer, its market share is about 21.08% in 2020. There are companies adding new capacities and aims at the market share and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

 

Asia-Pacific accounted for the largest sales share of the Electric Bus Charging Infrastructure market in 2020. The region is characterized by the presence of a large number of service providers, especially in the China. On the other hand, the Middle East & Africa region is expected to grow at the highest CAGR during the forecast period.

 

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