Ethanol Bus Market Growth, Major Companies, Strategies and New Trends by 2027

Rising concern of harmful emission from vehicles and growing awareness of global warning has increased the demand for eco-friendly vehicles. Governments are making efforts to reduce carbon footprints. Moreover, the growing emission norms and emission standards have increased the use of green fuels like ethanol in vehicles; thereby, increasing the adoption of ethanol bus. As compared to conventional gasoline bus, the ethanol bus emits lesser soot and carbon. Additionally, ethanol is considered as a renewable energy source and reduces the dependency on fossil fuels. In addition, advancements in ethanol, has increased the adoption of ethanol bus in recent years.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Stringent government norms and emission standards to reduce carbon footprints globally is major driving factor of the ethanol bus market. Besides, ethanol is produced from corn or agricultural and wood waste that consume lesser fossil fuel energy in the production process. However, high production cost of ethanol than fossil fuels restrain the market growth. Moreover, ethanol produces complete combustion, thereby proliferating ethanol bus market growth.

The ethanol bus market trends are as follows:

Use of second-generation ethanol
At present, the market is witnessing a gradual industrial shift towards the use of second-generation ethanol. The first-generation biofuels refer to the fuels that have been derived from sources like starch, sugar, animal fats and vegetable oil. Second-generation ethanol is made from cellulose, hemicellulose or lignin and has better energy balance than the first-generation ethanol. Besides, the greenhouse gases can be reduced significantly with the use of second-generation ethanol.

Government promoting the use of ethanol bus
The urban air quality index is becoming unbreathable, creating various disorders in people. This has led to increase in adoption of ethanol bus for public mobility. Moreover, government projects around the world are promoting the use of ethanol bus by improving the required infrastructure. For instance, the BEST project was financially supported by European Union for market penetration of ethanol vehicles by developing ethanol public fueling stations. Besides, the Government of India is aggressively promoting the use of ethanol bus in India.

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Key benefits of the report:

1 This study presents the analytical depiction of the ethanol bus industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the Ethanol Bus market growth scenario.
4 Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

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