openPR Logo
Press release

Electric Bus Market and its Future Outlook during the Period of 2022 - 2029

05-11-2023 01:02 PM CET | Tourism, Cars, Traffic

Press release from: Marketlook Consulting

Electric Bus Market

Electric Bus Market

The transportation industry is a major contributor to global greenhouse gas (GHG) emissions. According to the United Nations Environment Program (UNEP), the transportation sector accounts for around one-quarter of all energy-related greenhouse gas (GHG) emissions and is a major source of urban and regional air pollution.

Various governments have launched programmes to make urban public transportation more sustainable and fuel-efficient through the use of electric buses. The Netherlands has a Green Deal for Electric Transport 2016-2020.

Countries like Denmark, New Zealand, and The Netherlands have already set for 100% zero-emission bus procurements by 2025, while Costa Rica has a long-term goal to reach 100% bus fleet electrification by 2050.

To push the pledge of decreasing greenhouse gas (GHG) emissions and improve air quality in cities, governments in several countries have launched lucrative monetary incentives to cheer shared mobility and clean transportation. Governments across the world have created enticing efforts and programmes to inspire the usage of electric buses.

Request Sample :- https://www.marketlookconsulting.com/sample-request/282

According to Marketlook Consulting's research report "Global Electric Bus Market Analysis, 2022", the Global Electric Bus market is anticipated to grow at a CAGR of 15.2% during 2023-30 The market would reach USD 50.32 Mn by 2030.

Based on Product type, battery electric vehicles (BEVs) have seen a higher adoption rate in countries such as India and Brazil in the past few years. Since buses are a significant mode of transportation. Companies are heavily investing in the battery-operated electric vehicles. However, the demand for hybrid plug-in electric vehicles (HPEVs) is also gaining traction and this segment is anticipated to showcase optimum growth opportunities.

Based on Battery capacity, buses with the capacity of 400 kWh and above are holding a lions' share in 2022. The prime growth factors are that these batteries are easy to charge and less expensive. However, for long travelling distances the electric buses with over 400 kWh are beneficial. The market is anticipated to maintain its supremacy over the forecast period.

Based on application, the market is segmented into intercity and intracity. In 2022 intracity segment dominated the market the growth can be attributed to the rising demand for public transport and bolstering number of people commuting to workplaces, schools, and universities throughout the world creating demand for intracity e-buses. Moreover, intercity electric buses are also rolled out by governments to reduce carbon emissions. Governments are helping travelers to adopt e-buses services.

"Global Electric Bus Market Analysis, 2022" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Electric Bus providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

View Report:- https://www.marketlookconsulting.com/reports/electric-bus-market

Asia Pacific Dominated the Market
Based on Leading regions, Asia Pacific dominated the global Electric Bus market in 2022 and is projected to maintain its dominance during the forecasted period 2023-30 due to the Geographical analysis is an essential component of the report's research and development study for market analysis. The regional extent section contains crucial insights into market sales growth at both regional and country levels. This market scope's geographical spectrum analyses and investigates each regional spectrum of the Electric Bus Market industry. Each of these major regions is analyzed based on manufacturing, supply, statistics, and import & export. China dominating the electric bus market due to the high presence of OEMs in the region is projected to fuel the demand for Electric Bus in the forthcoming period as stated in Marketlook Consulting research report "Global Electric Bus Market Analysis, 2022".

According to Marketlook Consulting', the key players with a considerable market share in the global Electric Bus market are Alexander Dennis, King Long, FAW Group, AB Volvo, Daimler AG, TATA Motors, Ashok Leyland, Nova Bus, Foton Motor Inc., JBM Solaris ECOLIFE apart from others.

Buy Now:- https://www.marketlookconsulting.com/payment/report-282

Market Segmentation:
1.By Product Type Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
2. By Component Battery, Motor, Fuel Cell Stack, Battery Management System, Battery, Cooling System, EV Connector
3. By Battery Capacity Up to 400 kWh, Above 400 kWh
4. By Region North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
5. By Application Intra-City, Intercity
6. By Company Alexander Dennis, King Long, FAW Group, AB Volvo, Daimler AG, TATA Motors, Ashok Leyland, Nova Bus, Foton Motor Inc., JBM Solaris ECOLIFE apart from others.

Key questions answered in the study:
1. What are the current and future trends of the Electric Bus industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Electric Bus industry?
5. What is the customer orientation, purchase behaviour, and expectations from the Electric Bus firms across various regions?

Related Reports:-
Specialized Vehicles Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)
https://www.marketlookconsulting.com/reports/specialized-vehicles-market
Electric Scooters Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)
https://www.marketlookconsulting.com/reports/electric-scooters-market
Wireless Electric Vehicle Charging (WEVC) Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)
https://www.marketlookconsulting.com/reports/wireless-electric-vehicle-charging-market
ADAS Navigation Market Report- Global Strategic Analysis, Size, Share, Trend, and Forecast (2022-2029)
https://www.marketlookconsulting.com/reports/adas-navigation-market

Contact Us
Mithun Jangir
Manager - Communication & Marketing
Email: mithunj@marketlookconsulting.com
Phone: +1 347 441 0939
Website: https://www.marketlookconsulting.com/
Follow us on LinkedIn: https://in.linkedin.com/company/marketlook-consulting

About Us
Marketlook Consulting is a world market intelligence and consulting firm that aims to offer business insights and market research reports to large as well as small & medium scale enterprises (SMEs). The company helps its clients to design business strategies and policies and accomplish sustainable growth in their relevant market area.

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 and its Future Outlook during the Period of 2022 - 2029 here

News-ID: 3050049 • Views:

More Releases from Marketlook Consulting

Pet Urgent Care Market Report- Global Strategic Analysis, Size, Share, Trend, an …
The global Pet Urgent Care market was valued at xx.xx billion in 2023 and is projected to reach USD xx.xx billion in 2031, at a Compound Annual Growth (CAGR) of xx% during the forecast period 2024-2031. The global Pet Urgent Care market has witnessed eminent growth since pandemic as the world has turned up to look for better health facilities and taking more measures for better health, which is turning up
Global Hearing Aid Market: Industry Outlook, Size & Forecast 2022 To 2029
Global Hearing Aid Market: Industry Outlook, Size & Forecast 2022 To 2029
Rising prevalence of hearing loss owing to the surging geriatric population is one of the prominent factors driving the hearing aid market. According to the World Health Organization's (WHO) April 2021 study, around 2.5 billion people are anticipated to have some degree of hearing loss, and roughly 700 million individuals would require hearing rehabilitation by 2050. Additionally, the rising usage of hearing aids, and rising awareness of technologically advanced equipment
Global Facility Management Market: Industry Outlook, Size & Forecast 2022 To 2029
Global Facility Management Market: Industry Outlook, Size & Forecast 2022 To 202 …
Facilities management can be defined as the tools and services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. There are two basic areas, including hard facilities management (hard FM) and soft facilities management (soft FM). Governments have initiated in several countries for the development of smart cities thus, these factors will aid in the development of public infrastructure including malls, airports, hospitals thereby fostering the
Electric Fuse Market Competitive Landscape, Growth Factors, Revenue Analysis To 2029
Electric Fuse Market Competitive Landscape, Growth Factors, Revenue Analysis To …
The significant rise in the global electric fuse market is due to increase electric consumption, increasing electrification of different industry, increasing global investments in cities & renewable energy resources. With improving economy, industry activity, demand for electric steadily. Government putting in place variety of cutting-edge activity, providing 24x7 power, upgrading current distribution infrastructure. Further technological advancements & investments in the sector of power and energy transformation are more likely to

All 4 Releases


More Releases for Electric

Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry. An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region. Click
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021 The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports. This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research. This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in