Europe Electric Bus Charging Infrastructure Market Outlook: Size and Demand Trends by 2032

0
14

Europe Electric Bus Charging Infrastructure Market

Europe’s electric bus charging infrastructure market is developing rapidly as countries focus on reducing emissions in public transport. European Union directives and national policies supporting green public transit are driving demand for charging stations. Innovations in smart charging and grid integration are shaping the market, with countries like Germany and the Netherlands leading in infrastructure adoption.

The Electric Bus Charging Infrastructure Market Growth is witnessing substantial growth in tandem with the increasing global shift towards sustainable and eco-friendly transportation solutions. As cities and countries prioritize the adoption of electric buses to reduce emissions and combat air pollution, the demand for robust charging infrastructure is on the rise. Charging infrastructure providers are developing innovative solutions, including fast-charging stations and depot charging systems, to cater to the unique operational needs of electric buses. This market's growth is further propelled by government initiatives and incentives aimed at promoting electric mobility, fostering the development of an extensive and efficient charging network for electric buses.

Geographically, regions at the forefront of electric bus adoption, such as Europe and parts of Asia, are witnessing a surge in investments and deployment of charging infrastructure. As urbanization accelerates and public transportation systems transition to electric fleets, the Electric Bus Charging Infrastructure Market Growth is expected to play a crucial role in supporting the widespread integration of electric buses into public transit networks. Continued advancements in charging technology, coupled with supportive government policies, are likely to drive further expansion and sophistication of the Electric Bus Charging Infrastructure Market Growth in the coming years.

The global Electric Bus Charging Infrastructure Market will continue to climb an average annual rate of 26.1% by 2030. Here are some key findings from their latest report on this market

Electric Bus Charging Infrastructure Market Growth Key Players

·        Siemens AG (Germany)

·        SCHUNK Group (Germany)

·        ABB (Switzerland)

·        Bombardier Inc (Canada)

·        Kempower OY (US)

·        Daimler AG (Germany)

·        Proterra (US)

·        ChargePoint Inc (US)

·        EFACEC (Portugal)

·        Shijiazhuang Tonhe Electronics Technologies Co Ltd (China)

Get Free Sample Report of Electric Bus Charging Infrastructure Market

The Global Electric Bus Market Is Expected To Grow

Electric buses offer significant reductions in fuel costs and emissions levels, as well as improved public health due to less reliance on diesel fuels. Globally, the Electric Bus Charging Infrastructure Market Growth is forecasted to reach an annual volume of 934 million units by 2022 and reach 2 billion units annually by 2026 with North America representing more than 60% share of electric buses sold worldwide during this period.

The US Is Investing In Electric Bus Infrastructure

In order to cut down on emissions, improve air quality, and save money, many U.S. cities are investing in electric bus infrastructure. In New York City, for example, they've committed $32 million to purchase 50 fully electric buses and five charging stations. The city has also allocated an additional $10 million to help create a network of electric vehicle charging stations that will serve both public and private vehicles in all five boroughs.

Europe Is Leading The Way In Electric Bus Adoption

With a push for clean, sustainable transportation and a focus on reducing emissions, it is little surprise that Europe has been leading the way in electric bus adoption. The European Union has set regulations mandating that companies reduce their emissions by 20% between 2020 and 2030. This will be difficult if not impossible without switching to electric vehicles. Since buses are one of the major sources of air pollution in most cities, they are an important target for reducing emissions.

China Is The Largest Market For Electric Buses

China is currently the largest market for electric buses, with over 300 million kilometers traveled by such vehicles in 2016. The country has ambitious plans to put 5,000 electric buses on its roads in 2017 and at least 10,000 more each year until 2020. To achieve this goal, China's Ministry of Transport announced in November 2016 a $2.6 billion purchase of 200 pure electric buses from BYD Co., Ltd.

The Electric Bus Charging Infrastructure Market Growth Is Expected To Grow

In order to meet climate change goals, cities across the world are turning to electric buses. The rise in demand is being driven by an increasing number of cities with zero-emission vehicle mandates and by government incentives for electric bus buyers.

The global Electric Bus Charging Infrastructure Market Growth size was valued at USD 890.2 million in 2017 and is expected to grow at a CAGR of 16.6% over 2018-2024, reaching USD 2,694 million by 2024.

Electric Bus Charging Infrastructure Market Growth Segmentation

By Charger Type

·        Dc Charger

·        Pantograph

By Charging Method

·        Fast Charging

·        Slow Charging

By Regions

·        North America

·        Europe

·        Asia Pacific

·        Rest Of The World

Read more:

Car Accessories Market

Auto Parts Market

Amusement parks Market

North America ATV and UTV Market

Europe Electric Bus Market

 

 

Pesquisar
Categorias
Leia Mais
Outro
The Rise of 5G: An In-Depth Analysis of the Global 5G and 5G Infrastructure Market
As the world hurtles into a new era of connectivity, the 5G revolution is set to reshape...
Por Aishu77 2024-09-16 16:14:36 0 2K
Jogos
Die besten FC 25 Spieler Preise: Tipps zum Kaufen und Investieren in EA FC 25
Die besten FC 25 Spieler Preise: Tipps zum Kaufen und Investieren in EA FC 25 Im neuen EA FC 25...
Por Casey 2024-10-18 13:01:32 0 350
Networking
Tactical Radio Communication Market Future Growth And Forecast With Significant Players By 2032
Tactical Radio Communication Market:  Market The tactical radio communication...
Por Marketer13 2024-08-05 06:27:46 0 1K
Início
Smart Railway Market Global Opportunity Analysis and Industry Forecast 2023-2030
Riding the Wave of Innovation: Unveiling the Smart Railway Market's Potential The smart railway...
Por DivakarMRFR 2024-02-21 04:29:16 0 4K
Shopping
Advanced Smart Door Locks for Ultimate Security | Escozor
Upgrade your home security with Escozor’s premium smart door locks. Our smart door locks...
Por Escozor 2024-10-27 07:06:00 0 431