Press release
Electric Bus Market 2022 By Manufacturers, Regions, Type And Application, Forecast To 2030
Electric Bus Market was worth USD 29.17 billion in 2021 and is anticipated to expand at a CAGR of 20.2% over 2022-2030, thereby amassing USD 105.8 billion by end of the assessment timeframe.An electric bus is referred to as a type of electric vehicle that runs on electric motors instead on an internal combustion engine. In order words, the propulsion and accessory systems of these buses are propelled by a zero-emission electricity source. The source of electricity in these vehicles are predominantly derived from overhead wires, onboard batteries, hydrogen fuel cells, or ground-based non- contact conductors, among others.
The market for electric buses is predicted to develop in the long run as a result of factors such as rapid urbanisation, rising oil prices, rising air pollution, government initiatives, and falling battery prices. However, it is anticipated that market growth would be constrained by high development costs, limited battery capacity, and the growing acceptance of buses powered by natural gas. The desire for buses that are fuel-efficient, high-performing, and low-emission, stringent government emission standards and regulations, and declining battery prices are some of the factors propelling the electric bus industry.
Growth propellants and restraints of this industry vertical:
The rising focus of nations on promoting the mass electrification of public transport vehicles to reduce emission and pollution levels is primarily augmenting the outlook of this industry sphere.
Furthermore, stringent emission regulations implemented by various governments, technological innovations in the field, and prompt urbanization are adding momentum to the market progression. Also, elevating costs of crude oil and significant decrease in battery prices are positively swaying the industry dynamics.
Moreover, the growing popularity of natural gas fueled vehicles coupled with increasing R&D investments in the field is creating an upward trend for the market growth. Besides, population expansion has increased the number of commuters across the globe. This in turn is fueling the overall market development.
On the contrary, high productions costs pertaining to electric buses along with their low fuel efficiency are hindering the remuneration of the business vertical.
Get Free Sample: - https://wemarketresearch.com/sample-request/electric-bus--market/167/
Segmental assessment of global electric bus market:
Based on vehicle type
• plug-in hybrid electric bus
• battery electric bus
• fuel cell electric bus
Among these, the battery electric bus segment is slated to amass notable gains over 2022-2030 owing to the decreasing battery costs across the globe.
By length of bus type
• less than 9 m
• 9-14 m
• above 14 m
The 9-14 segment is poised to garner significant returns over the assessment timeline. This is ascribed to the rising volume of public transport commuters across the globe.
In terms of range, the market is fragmented into less than 200 miles and more than 200 miles. The less than 200 miles segment is segment to capture a high revenue share over 2022-2030. This is attributable to the lesser operating costs and lower recharging time taken by electric buses.
On the basis of battery capacity
• Up to 400 kWh
• Above 400 kWh
The up to 400 kWh segment is anticipated to showcase lucrative growth trends over the analysis timeline. This electric buses equipped with the battery capacity of up to 400 KwH are lightweight, affordable, and efficient in nature, which in turn is contributing to the segmental expansion.
Interested in purchasing this Report? Click here: - https://wemarketresearch.com/purchase/electric-bus--market/167/?license=single
Elucidating the geographical ambit and competitive landscape of the industry:
North America, Asia Pacific, Middle East & Africa, Europe, and Latin America are constituting the geographical ambit of global electric bus market. Among these, Asia Pacific is presently leading the overall market in terms of revenue share. This is attributable to the presence of major players, rigid emission norms, population expansion, and accelerating demand for fuel cell buses.
The prominent players operating in the market vertical are AB Volvo, Anhui Ankai Automobile Co., Ltd., Beiqi Foton Motor Co., Ltd., BMW AG, BYD Company Ltd., Daimler AG, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Hyundai Motor Company, Irizar S.C., Iveco SpA, MAN SE, Mitsubishi Motors Corporation, NFI Group Inc., Nissan Motor Corporation, SCANIA AB, Tata Motors, Tesla, Inc., Toyota Motor Corporation, Volkswagen AG, VDL Bus & Coach B.V., and Zhengzhou Yutong Bus Co., Ltd.
Notably, in December 2021, Daimler inked a partnership deal with Meritor to enhance its product portfolio.
Frequently Asked Questions (FAQ):
• What is the growth rate of Electric Bus Market?
• What is Electric Bus Market size in 2030?
• Which region has highest growth rate in Electric Bus Market?
• Which region has largest share in Electric Bus Market?
• Who are the key players in Electric Bus Market?
Visit Our More Blogs: https://www.linkedin.com/pulse/electric-bus-market-key-drivers-on-going-trends-2022-2030-tawar
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Bus Market 2022 By Manufacturers, Regions, Type And Application, Forecast To 2030 here
News-ID: 2740818 • Views: …
More Releases from We Market Research

Semiconductor Manufacturing Equipment Market Is Projected To Reach USD 149,700 M …
The global Semiconductor Manufacturing Equipment market size was valued at USD 91,200 million in 2022 and is projected to reach USD 149,700 million by 2033, growing at a CAGR of 10.5% during the forecast period.
Equipment used to generate different semiconductor goods is referred to as semiconductor equipment and is a crucial supporting component in the semiconductor industrial chain. The semiconductor business is technologically led by semiconductor equipment. The creation of…

Satellite Ground Station Market Is Projected To Reach USD 115,860 Million By 203 …
The global Satellite Ground Station market size was valued at USD 61,350 million in 2022 and is projected to reach USD 115,860 million by 2033, growing at a CAGR of 13.8% during the forecast period.
The market for buildings, furnishings, and devices that are used to communicate with and manage satellites is referred to as the global satellite ground station market. Establishing communication channels, sending and receiving data, and managing satellite…

Video Surveillance as a Service (VSaaS) Market Analysis by Type, Vertical -Forec …
Introduction
The global video surveillance as a service (VSaaS) market has witnessed substantial growth in recent years. With advancements in technology and the increasing need for enhanced security measures, businesses and organizations are turning to VSaaS solutions to monitor and protect their assets. This article explores the key aspects of the Global Video Surveillance As A Service Market, including market trends, growth drivers, and the major players in the industry.
Click Here,…

R600a Refrigerant Market by Type, By Application And By Region, Forecast From 20 …
Introduction
Welcome to our in-depth analysis of the Global R600a Refrigerant Market. In this article, we will explore the various aspects of the market, including its current state, growth prospects, key players, and future trends. R600a refrigerant, also known as isobutane, is a hydrocarbon with excellent thermodynamic properties that make it suitable for a wide range of refrigeration applications. With increasing concerns about environmental impact, R600a has gained significant traction due…
More Releases for Bus
Fire-resistant bus duct is a special bus duct
Fire-resistant bus duct [https://www.zrutong.com/corrosion-resistant-intensive-busbar-strength-aluminum-alloy-structure-special-anti-corrosion-treatment-product/] is a special bus duct, which adopts special materials and structural design, and can maintain good electrical performance in high temperature environment, ensuring the continuous supply of electricity. Its structure is generally composed of conductor, insulation layer and shell. The conductor is usually made of copper or aluminum, which has good conductivity and strength; the insulation layer is an important part to ensure that the current…
School Bus Market is Booming Worldwide | Starcraft Bus, Trans Tech, IC Bus, Thom …
Advance Market Analytics published a new research publication on "School Bus Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the School Bus market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Autonomous Bus Door Market Future Prospects - Schaltbau Holding, Vapor Bus Inter …
This intensive research report entitled Autonomous Bus Door Market 2023 compiled and published by MarketsandResearch.biz entails a market synopsis and offers a definition & outline of the market. The report comprises historical data, significance, statistical data, size & share, market analysis by product and market trends by key players, and market price & demand. The market is separated by product type, application, and country. The report targets the current as…
Global School Bus Market 2019 - Collins Industries, Starcraft Bus, Trans Tech, I …
School Bus Market
The global School Bus market research report comprises of the basic insights that are relevant to the global market. The report being an all-inclusive one will be of great help to the users in order to understand not only the market trends, but also the size, forecast trends, production, share, demand, sales, and many such aspects
International global School Bus market report has been replete with step by step…
Global School Bus Market 2018 - Micro Bird, Starcraft Bus, Trans Tech, Van Con, …
Eminent Market Reports, recently published a detailed market research study focused on the “School Bus Market” across the global, regional and country level. The report provides 360° analysis of “School Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of School Bus on…
Global Bus Market 2018 - Beiqi Foton Motor, JMCG, JAC, BYD, Yangzhou Asiastar Bu …
Eminent Market Reports, recently published a detailed market research study focused on the “Bus Market” across the global, regional and country level. The report provides 360° analysis of “Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bus on the basis of…