Market Research Report
Electric Bus Market Size By Type, By Battery Capacity, By Seating Capacity, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
|Published by||Global Market Insights Inc.||Product code||991828|
|Published||Content info||250 Pages
Delivery time: 2-3 business days
|Electric Bus Market Size By Type, By Battery Capacity, By Seating Capacity, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027|
|Published: February 26, 2021||Content info: 250 Pages||
Electric Bus Market Size By Type (All-electric, PHEV, FCEV), By Battery Capacity (Below 100 kWh, 100 - 300 kWh, Above 300 kWh), By Seating Capacity (Below 40 Seats, 40 - 70 Seats, Above 70 Seats), By Application (Intracity, Intercity), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027.
The electric bus market is likely to foresee lucrative growth owing to increasing demand for low emission buses, increasing regulations on vehicular emissions across the world, rising demand for intracity travel, and escalating demand for travel and tourism.
An electric bus is any type of bus whose accessory as well as propulsion systems are powered completely by a zero-emissions electrical source. The source of electricity can be a hydrogen-based fuel cell, onboard batteries, and overhead wires such as ground-related non-contact conductors or a trolleybus application.
The use of electric buses is rapidly growing in numbers across the globe. This in turn contributes to the development of a fossil fuel free society as well as lessening of emissions. Still, the concept of electric bus technology is new and not very familiar to several stakeholders in the public bus transport sector. However, most of the bus operators are positive regarding use of electric buses as these are favored by passengers and can lead to very low maintenance costs and energy use.
The electric bus market is bifurcated in terms of type, battery capacity, seating capacity, application, and regional landscape.
Based on type, the market for electric bus is classified into FCEV, PHEV, all electric. Among these, PHEV segment will witness tremendous growth over the projected time period. This anticipated growth is ascribed to the increasing regulations on vehicular emissions across the globe.
These types of vehicles offer a choice of fuels. Plug-in hybrid electric vehicles have both an electric motor and an internal combustion engine. These are also powered by conventional or alternative fuel like a battery or gasoline, which is usually charged up with electricity by plugging into an electrical passage or a charging station.
With respect to battery capacity, the market is categorized into above 300 kWh, 100-300 kWh, and below 100 kWh. Among these, below 100 kWh segment is expected to witness increasing demand owing to low costs as compared to other counterparts.
Based on seating capacity, the electric bus market is segmented into above 70 Seats, 40-70 Seats, and below 40 seats. Growing demand for electric buses with below 40 seats for intracity travel is likely to drive the segment growth.
In terms of application, the overall electric bus market is categorized into intracity and intercity. Among these, the intracity segment will witness high growth rate over the coming time period. The anticipated growth is majorly ascribed to its adoption in the transportation activities.
From a regional frame of reference, increase in demand for travel and tourism in the Latin America will augment the demand for electric bus.