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The global electric bus charging station market is expected to be valued at $12.3 billion by 2025, and grow at a CAGR of 9.7% during the forecast period.
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Electric Bus Charging Station Market by Type, Power, Charger, Geographical Insight, Industry Analysis and Growth Forecast to 2025
The electric bus charging station market is predicted to attain a size of $12.3 billion by 2025, progressing at a 9.7% CAGR during the forecast period. Increasing government initiatives and regulations, rapid adoption of electric buses in the public feet, and several investments being made for the development of e-bus charging stations are some of the key factors behind the growth of the market. Currently, the market is at the early stage of advancements, and it significantly depends on government funding and other beneficial schemes. Based on type, the electric bus charging station market is categorized into opportunity, depot, and inductive charging. Out of these, in 2018, depot charging led the market in terms of sales volume. This is attributed to the increasing inclination of private and public transport agencies toward overnight-charging buses, as their operational features are quite similar to those of diesel buses. Further, on the basis of charger, the market is bifurcated into on-board and off-board.
The research offers market size of the global electric bus charging station for the period 2017–2025. Market Segmentation by Type Depot Charging Opportunity Charging Inductive Charging Market Segmentation by Power <50 kW 50–150 kW 151–450 kW >450 kW Market Segmentation by Charger Off-Board On-Board
Further, the increasing demand for ultra-fast charging stations is one of the key trends being witnessed in the electric bus charging station market. Ultra-fast charging systems are gaining popularity among charging station infrastructure providers and bus manufacturers, as these systems help in controlling the bus weight and decreasing the charging time. These charging systems allow the power to be transmitted to the load from the supply in a cordless method, and these can also be charged flexibly in both dynamic and static ways. For instance, in May 2018, Proterra launched a new high-power, ultra-fast charging system, which is more scalable, reliable, flexible, and powerful. Global Electric Bus Charging Station Market Competitive Landscape Some of the major players of the global electric bus charging station market are Ekoenergetyka-Polska Sp. z o.o., Heliox B.V., JEMA Energy S.A., Powerdale NV, Schunk Carbon Technology, and Bombardier Inc., ABB Ltd., Siemens AG, Advanced Vehicle Manufacturing Inc., and Proterra Inc., Qingdao TGOOD Electric Co. Ltd., Star Charge, China Potevio Co. Ltd., and GH Energy Inc. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/electric-bus-charging-station-market/report-sample
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