Press release
34.5% CAGR of Battery Electric Bus (BEB) Market Size Worth USD 332.8 billion in 2030, by Length, Range, Battery Capacity, Power Output, Type, Application, Seating Capacity, Region, Players and Key Drivers
"Battery Electric Bus (BEB) Market"
Battery Electric Bus (BEB) is a type of public transportation vehicle that is powered entirely by electricity stored in onboard batteries. Unlike traditional buses that rely on internal combustion engines running on fossil fuels like diesel or gasoline, BEBs operate using electric motors powered by rechargeable batteries. These buses produce zero tailpipe emissions, contributing to improved air quality and reduced greenhouse gas emissions in urban environments. BEBs are a key component of the transition to sustainable and environmentally-friendly transportation systems.
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The prominent players in the Battery Electric Bus (BEB) market are BYD Company Limited, AB Volvo, Proterra, VDL Group, King Long United Automotive Industry Co. Ltd, Daimler Truck AG, NFI Group Inc, Zhongtong Bus Holding Co. Ltd., Anhui Ankai Automobile Co. Ltd, Ashok Leyland Limited, Zhengzhou Yutong Bus Co., Ltd., TATA Motors Limited, CAF (Solaris), Yinlong Energy, Blue bird Corporation, The lion electric company, Blue bus, Gillig LLC, JBM Auto Ltd., Scania, CRCC Corporation, and Others.
Battery Electric Bus (BEB) Market Recent Developments:
In January 2022, the valley transportation authority (VTA) in Santa Clara City, US, will install an innovative clean energy microgrid and EV fleet charging system with Proterra and Scale Microgrid Solutions. This project will showcase how clean energy paired with fleet-scale EV charging can enable the adoption of fully electric vehicles fleets. Expected to come online in late 2023, it will help VTA further reduce greenhouse gas emissions.
In January 2023, Daimler AG received an order to supply 45 buses to VLP transport for intercity transport.
Battery Electric Bus (BEB) Market Regional Analysis:
Asia-Pacific to Dominate the Market
Asia-Pacific is estimated to account for the largest market share during the forecast period owing to the increasing need to reduce pollution and dependency on fossil fuels.
Moreover, the growing government initiatives towards clean public transport and availability of key market players like BYD, Yutong etc.
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Scope of the Report:
The Battery Electric Bus (BEB) Market is segmented into various segments such as length, range, battery capacity, power output, battery type, application, seating capacity and region:
Based on Length, the Battery Electric Bus (BEB) Market is segmented into:
Less than 9 meters
9-14 meters
Above 14 meters
Based on the Range, the Battery Electric Bus (BEB) Market is segmented into:
Less Than 150 Miles
150 To 300 Miles
Above 300 Miles
Based on the Battery Capacity, the Battery Electric Bus (BEB) Market is segmented into:
Less Than 400 kWh
Above 400 kWh
Based on Power Output, the Battery Electric Bus (BEB) Market is segmented into:
Up to 250 kW
Above 250 kW
Based on Battery Type, the Battery Electric Bus (BEB) Market is segmented into:
NMC batteries
LFP batteries
NCA batteries
Other batteries
Based on Customer, the Battery Electric Bus (BEB) Market is segmented into:
Government
Private
Based on Application, the Battery Electric Bus (BEB) Market is segmented into:
Intercity
Intracity
Based on Seating Capacity, the Battery Electric Bus (BEB) Market is segmented into:
Up to 40 seats
40-70 seats
Above 70 seats
Based on Region, the Battery Electric Bus (BEB) Market is segmented into:
Asia Pacific
North America
Europe
South America
Middle East & Africa
Battery Electric Bus (BEB) Market Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Battery Electric Bus (BEB) Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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