openPR Logo
Press release

Global Electric Bus Market will Reach US$ 33,854 units by 2020

Global Electric Bus Market will Reach US$ 33,854 units by 2020

According to a new market report published by Persistence Market Research “Global Market Study on Electric Bus: Asia Pacific to Witness Highest Growth by 2020”, the global electric bus market is expected to grow at a CAGR of 28.0% during 2014 to 2020, to reach an estimated volume sales of 33,854 units by 2020.

Governments of various countries are focusing on no or low-pollution transportation systems to tackle rising pollution. This, in turn, is driving the electric bus market. Based on drive system, electric buses are categorized as pure electric, hybrid electric, and plug-in hybrid. Most of the electric buses running worldwide are hybrid electric due to their low cost as compared to its other electric counterparts. However, developed countries are focusing on increasing the number of pure electric buses in their fleets.

TOC Sentence Request to View Tables of Content @ https://www.persistencemarketresearch.com/market-research/electric-bus-market/toc

The global electric bus market is thriving mainly due to growing environmental concerns of the public and various governments. However, among developing countries, China is the only country taking concrete steps to curb vehicular pollution with the introduction of large number of electric buses. A high cost of electric buses is a key barrier for this industry. However, unstable crude oil prices and increasing focus of the transit agencies on minimizing operational costs are expected to lower the impact of the cost factor in the long term. In recent times, certain product launches by companies indicate the increasing level of competition in the industry. The investments of companies and transit agencies are being backed by funding from venture capitalists and governments. This is favoring the growth of electric bus market.

A Sample of this Report is Available Upon Request @ https://www.persistencemarketresearch.com/samples/3703

Unstable fuel prices and depleting crude oil reserves are influencing transport departments and transit agencies globally to increase the number of alternate and new energy vehicles. Some of the transit agencies in developed countries are considering long-term benefits as opposed to short-term costs while purchasing buses. Electric buses require high initial investment. However, their operational cost is significantly low as compared to that of conventional buses, as electricity is cheaper than diesel.

Air pollution caused by vehicles has been emerging as a serious concern for governments across the globe. This, in turn, is driving demand for public transport facilities with lower emissions. According to the World Health Organization (WHO), air pollution causes about 100,000 deaths every year in Europe, reducing life expectancy by an average of one year. Considering the negative impact of pollution on people, governments around the world are working to find solutions to reduce pollution levels. European countries such as France, the U.K., and Germany are emerging as key markets for electric and hybrid electric vehicles.

Buy Now: You can now buy a single user license of the report @ https://www.persistencemarketresearch.com/checkout/3703

The key companies operating in the global electric bus market include BYD Company Limited, Proterra, AB Volvo, Daimler AG, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Co., Ltd, Ashok Leyland, EBUSCO, Alexander Dennis Limited (ADL), and Shenzhen Wuzhoulong Motors Co., Ltd.

To Know About Latest Report Click Here: https://www.persistencemarketresearch.com/market-research/electric-bus-market.asp

About Us 
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

 PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com

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 Global Electric Bus Market will Reach US$ 33,854 units by 2020 here

News-ID: 703478 • Views:

More Releases from Persistence Market Research

Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analysis, Emerging Trends with Upcoming Developments
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation and Industry Size
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market

All 5 Releases


More Releases for Bus

Bus Charter Services Market 2019 Analysis and Precise Outlook : Barons Bus, Nort …
Latest added Global Bus Charter Services Market research study by AMA Research offers detailed outlook and elaborates market review till 2025. The market Study is segmented by key regions that are accelerating the mercerization. At present, the market players are strategizing and overcoming challenges of current scenario; The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary
Bus Manufacturing Market Detailed Global Analysis Report by Key Players – FAW, …
A new business intelligence report released by Up Market Research on “Global Bus Manufacturing Market Research Report 2019”. Report provides a comprehensive market analysis with future prospects to 2026. The study have garnered extensive research methodologies and data sources (i.e. Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends. Get Exclusive FREE Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/76328 The report
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
China Electric Bus Market by Type Pure Electric Bus, Series Hybrid Bus, Parallel …
China electric bus market size is estimated to cross 140,000 units in 2017 and is forecasted to grow at a CAGR of 13.1% during 2018-2025. The market witnessed a significant growth in the historical period, mainly driven by government subsidies. Pure Electric buses, which account for a majority of electric bus sales in the country, would continue to dominate the Chinese electric bus market due to increased government support for