Electric Bus Market Share, Distributor Analysis, Development Trends 2021
“Global electric bus market is segmented into technology, charging technology, product type and geography. Governments of various countries are now emphasizing on no or low-pollution transportation systems to address rising pollution which in turn drives the electric bus industry.�
Global electric bus market is segmented into technology, charging technology, product type and geography. Governments of various countries are now emphasizing on no or low-pollution transportation systems to address rising pollution which in turn drives the electric bus industry. Based on drive system, electric buses are categorized as pure electric, hybrid electric and plug-in hybrid. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electric-bus-market 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. Pure electric buses require battery for their operation, while hybrid electric buses use conventional fuel, along with an electric propulsion system. Hybrid electric buses accumulate energy, when the bus decelerates. The power stored in batteries of hybrid electric buses is used for forceful tasks such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle’s movement. The kinetic energy of the moving vehicle is used for recharging battery in hybrid vehicles. The hybrid buses holds the majority share in the
electric bus industry; however, the demand of pure electric buses is increasing rapidly, especially in the western countries owing to growing government concerns for emission-free transportation. One of the primary drivers for the electric bus industry is the growing need to reduce dependency on fossil fuels. Even though electric buses require a high initial investment compared to those with compressed natural gas (CNG), diesel or hybrid engines, they offer greater benefits in the long run. Charging a battery costs much less than buying diesel to run a vehicle. Electric buses are not only more reliable than convention vehicles but also offer a smooth and comfortable ride. These buses have zero emissions and are more environmentally friendly compared to conventional buses. The ability of these buses to reduce emissions and dependency on fossil fuels will lead to its increased adoption during the forecasted period. Get a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electric-busmarket/request-sample On the basis of technology, the electric bus market is segmented into series parallel hybrid bus, series hybrid bus, parallel hybrid bus, pure electric bus and so on. On the basis of charging technology, the electric bus market is segmented into autonomous and non-autonomous. The “autonomous” segment forms the largest segment of the electric bus market and is expected to grow during the forecast period. This category will grow rapidly during the predicted period and will be the most preferred type of charging technology among consumers and manufacturers for the next few years. The development of high mass batteries is also a critical factor that will bolster growth in the electric bus industry as it can store more power and will help to increase the distance covered by a bus.On the basis of product type, the electric bus market is segmented into hybrid electric, purely electric and plug-in electric buses.On the basis of geography, the electric bus market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. The Asia Pacific region dominated the electric bus industry in 2015 with a market share and will remain so for the foreseeable future. In this region, countries like Japan and China are aggressively promoting the development and adoption of electric vehicles. China is the biggest market for electric buses, and the government is actively promoting the replacement of conventional buses with electric ones. China is also developing the required infrastructure to support the use of electric buses. The key players of electric bus industryare Zhengzhou Yutong Group Co. Ltd., AB Volvo, Shenzhen Wuzhoulong Motors Co. Ltd., FAW Group Corporation, King Long United Automotive Industry Co. Ltd., Daimler AG, Alexander Dennis Limited, EBUSCO, Ashok Leyland Ltd., Solaris Bus & Coach S.A., BYD Company Limited, Zonda Electric Bus, and Proterra Inc. Product types including • Pure Electric Buses • Hybrid Buses Segment regions including (the separated region report can also be offered)
• North America • Europe • Japan • China • Southeast Asia • India See More Reports of This Category by Million Insights @ https://www.millioninsights.com/industry/automotiveand-transport The players list (Partly, Players you are interested in can also be added) • BYD Company • Proterra • Temsa • EBUS • Volvo • Zhong Tong • Daimler • Scania Aktioebolag • Irizar S Coop • Carosserie Hess AG • Alexander Dennis Limited • MAN • Goppel Bus GmbH • SOR • Solaris Bus & Coach
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electric-bus-market
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters
Asia Pacific
Million Insights
Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 1-408-610-2300 Email: sales@millioninsights.com
Visit Our Blog: www.millioninsights.blogspot.com
Phone: 91-20-65300184 Email: sales@millioninsights.com