Buses and Coaches Battery Market Impacts, CAGR, Growth Factors and Forecast From 2021 to 2027 - Electrovaya, Enerdel, Leclanche, LG Chem

The “Buses and Coaches Battery” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Buses and Coaches Battery Market is predicted to register a CAGR of 12.45% over the forecast period 2021 – 2027.”

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Market Overview

The Electric bus market was valued at USD 32 billion in 2020 and is anticipated to reach USD 64 billion by 2027 at a CAGR of about 12.45%, during the forecast period (2021-2027).

The covid-19 pandemic has affected the automotive industry and significantly electric vehicles by triggering an unprecedented fall in sales in early 2020. To curb the spread of coronavirus, manufacturing operations and transportation have come to halt along with public transportation.

The electric bus market is driven by factors such as increase in demand for fuel-efficient, high-performance, and low-emission buses, stringent government rules & regulations toward vehicle emission, and reduction in battery prices. However, high manufacturing cost, and low fuel economy & serviceability restrict the market growth.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Buses and Coaches Battery market within the upcoming years.

Buses and Coaches Battery market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Buses and Coaches Battery market is often split supported product types, major applications, and important countries as follows:

Key Competitors of the Buses and Coaches Battery market is: Electrovaya, Enerdel, Leclanche, LG Chem, CATL, BYD, Guoxuan High-Tech GHT, Yinlong

Major Types covered are:

LFP

NMC

Major Applications covered are:

Buses

Coaches

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Key Market Trends

Battery Electric Bus Segment To Witness Significant Growth

Transit agencies across various countries have been significantly promoting the adoption of electric buses for public transportation. Among the regions, Asia-Pacific and North America are likely to show high adoption rates of battery-electric buses during the forecast period, owing to their on-going purchase orders for e-buses. For instance,

In September 2020, the city of Bodö of Norway placed an order for 31 electric Volvo buses. In the 31 electric buses, 17 are of the 12-meter Volvo 7900 Electric model and the remaining 14 are high-capacity Volvo 7900 Electric Articulated buses. These buses have a capacity of up to 120 passengers.

Regional market Buses and Coaches Battery (regional production, demand and forecast by country):

Asia-Pacific Region Likely To Dominate The Market

In Asia-Pacific, China is the largest manufacturer and consumer of e-buses in the world. The country’s domestic demand has been supported by the national sales targets, favorable laws, supportive subsidies, and municipal air-quality targets.

During the forecast period, China may continue to witness growth in the adoption of electric buses, as more than 30 Chinese cities have made plans to achieve 100% electrified public transit by the start of 2021, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Recent Developments

In January 2021, Volvo Buses announced that its subsidiary Nova Bus, has been awarded a contract for 15 LFSe+, Nova Bus’ electric buses, by TransLink, Metro Vancouver's transportation network.
In December 2020, in India, the Indian Oil Corporation (IOC) announced that it will buy 15 that hydrogen fuel buses. The oil company has invited bids to procure 15 polymer electrolyte membrane (PEM) fuel cell buses., and it will also be setting up a facility for research and development (R&D) centre to produce hydrogen to run the buses.
In September 2020, in Sweden, Svealandstrafiken ordered ten electric buses from Volvo. The first batch of the new buses will enter into operation in Västerås city in summer 2021.

Report Features:

To project the worth and sales volume of the Buses and Coaches Battery market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Buses and Coaches Battery market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Buses and Coaches Battery market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

The Global Buses and Coaches Battery Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.

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