Pantograph Bus Charger Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 2.78 Billion |
| Market Size (2029) | USD 8.36 Billion |
| CAGR (2024 - 2029) | 24.65 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pantograph Bus Charger Market Analysis
The Bus Pantograph Charger Market size is estimated at USD 2.78 billion in 2024, and is expected to reach USD 8.36 billion by 2029, growing at a CAGR of 24.65% during the forecast period (2024-2029).
COVID-19 has severely affected the bus pantograph charger market for the first half of the year 2020, as lockdowns and restrictions resulted in reduced demand from transportation and other associated sectors. Furthermore, delays in electric bus projects and supply chain disruptions worsened the situation in the market. However, the majority of the automakers and EV charging providers resumed pantograph charger production with limited production and necessary measures. The sales of electric buses witnessed significant growth since the latter half of the year 2020 and are likely to continue during the forecast period. This is anticipated to drive the market in focus during the forecast period.
Over the medium term, the demand for pantograph chargers is expected to be picked up by the growing adoption of electric buses, not only for transit but also for school children's transportation across major countries in the world. Furthermore, growing government investments and their focus on improving charging infrastructure are expected to drive demand in the market during the forecast period. Moreover, a new development in the charging station market by the companies is also expected to support the growth. For instance,
- In October 2021, Custom Denning, one of Australia's leading bus manufacturers, chose Siemens to provide its Sicharge UC management solution and charging stations. The technology, which is currently being tested, will aid the manufacturer's upcoming electric buses. It can operate at up to 1,000 volts and has a power range of 50 to 600 kW.
In addition, investments from the key players and growing strategic collaborations between charging solution providers and bus manufacturers are anticipated to offer new opportunities for players operating in the market. There is a surge in the utilization of electric bus charging systems owing to the decreasing cost of batteries. The growing efforts to reduce greenhouse gas (GHG) emissions, along with the rise in favorable government regulations, are likely to enhance the growth of the market over the forecast period. For instance,
- In June 2022, the Pacific Economic Development Agency of Canada, in collaboration with British Columbia's Minister of Transportation and Infrastructure, announced a USD 31,2 million investment plan under their joint federal funding for improving public transportation services in British Columbia. The upgrade includes the construction of new transit interchanges as well as the electrification of the bus fleet.
North American region is expected to grow at a significant rate during the forecast period owing to the rising adoption of electric buses across major countries in the region. Furthermore, China and India are expected to contribute to growth in the Asia-Pacific region owing to strong encouragement from the governments, transit agencies, as well as other green vehicle-supporting communities and organizations.
- In March 2021, the Delhi government approved a proposal to purchase 300 new low-floor electric (AC) buses to increase the city's bus fleet. These buses have been accepted by the Delhi Transport Corporation. The first batch of 118 buses was scheduled to arrive in October 2021, with another 100 following in November. The entire delivery was supposed to be finished by January 2022.
Pantograph Bus Charger Market Trends
This section covers the major market trends shaping the Bus Pantograph Charger Market according to our research experts:
Rising Emphasis of Government on Eco-Friendly Buses
Diesel buses are widely used today all over the world. Furthermore, these buses are mostly used in densely populated cities, where air quality has already been degraded by other pollutants. As a result, governments across the world are focusing on developing a variety of regulations and supportive policies aimed at encouraging environmentally friendly transportation.
The EPA and NHTSA in the United States proposed implementing the Safer Affordable Fuel-Efficient (SAFE) vehicles rule from 2021 to 2026. The rule may establish corporate average fuel economy and greenhouse gas emissions standards for passenger and commercial vehicles. OEMs are required to sell a certain number of clean and zero-emission vehicles (electric, hybrid, and fuel cell-powered commercial and passenger vehicles) under the Zero-emission Vehicles (ZEV) Program. The country's ZEV plan aims to put 12 million ZEVs (including buses) on the road by 2030.
The Indian government intends to electrify 30% of total vehicle sales by 2030. As part of this strategy, the government announced a USD 1.4 billion investment in phase two of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) program through 2022. This phase focuses on electrifying public and shared transportation in India by subsidizing 7090 electric buses. This has prompted fleet operators to switch to electric buses.
Moreover, by improving air quality, public transportation contributes to the sustainability of a city in dense urban areas, reducing the need for multiple separate trips by private vehicle. Because of these advantages, governments around the world are actively promoting sustainable and efficient public bus transportation services, which are expected to create positive momentum in the market. For instance,
- In November 2022, Metroline, a potential London bus operator, announced the purchase of 39 electric double-decker buses for intercity transit. Wrightbius, a Northern Irish bus manufacturer, procured these buses. These 39 buses are expected to travel through the London boroughs of Brent, Ealing, Harrow, and Barnet, as well as Watford in Hertfordshire, north of London, on the 297 and 142 routes. The buses have charging capabilities of up to 300 kW via CCS or 420 kW via pantographs.
- In March 2022, a cutting-edge electric bus concept was unveiled in Cagliari, Italy, where bus manufacturer Rampini delivered the first of seven vehicles ordered. The delivery consists of six 6-meter battery-electric buses with pantographs. This new technology in European buses has been identified, and it has generated a lot of interest in the medium term.
North America Likely to Have Fastest Growth in the Market
North America is expected to play a key role in the growth of the market over the forecast period. Furthermore, the United States is likely to be one of the major contributors to growth in the region, owing to several government initiatives and the growing popularity of electric school buses across the country. The demand for electric buses across the North American region is anticipated to be supported by the growing adoption of governments, municipalities, etc. For instance,
- In June 2021, the New York Power Authority (NYPA) announced the completion of a USD 30 million agreement to install 67 pantograph chargers across various stations in the city to charge the city's electric bus fleet.
- In March 2021, the Montgomery County Public School system in Maryland approved a contract with Highland Electric Transportation to convert its school bus fleet to a fully electric fleet, beginning with converting 326 school buses through 2025. Based on the contract, Highland Electric Transportation and its partners, Thomas Built Buses, Proterra, and American Bus, will electrify all five bus depots belonging to the Montgomery County Public School district and supply electric buses and charging infrastructure.
Moreover, with the increasing transition to electric mobility, the Canadian government is also working to build a net-zero emissions transportation industry across the country. For instance,
- In March 2021, the Infrastructure and Communities Ministry and the Ministry of Innovation, Science, and Industry announced CAD 2.75 billion (~USD 2.02 billion) in funding over five years, beginning in 2021, to improve public transportation systems and transition them to cleaner electrical power, including funding for the purchase of zero-emission public transportation and school buses.
Such active growth in the North American region is encouraging several key players and the players in electric bus infrastructure projects to adopt pantographs, thus driving demand for bus pantograph chargers over the forecast period. For instance,
- In March 2022, ABB announced that it is offering its services to St. Louis's new electric bus fleet with the largest deployment of chargers in the United States. ABB's sequential charging system consists of 20 plug-in depot chargers with 150 kW of power and three additional pantograph chargers.
Therefore, based on the above-mentioned developments and instances, it is estimated that the North American region is likely to have the fastest growth compared to its counterparts over the forecast period.
Pantograph Bus Charger Industry Overview
Some of the leading electric bus charging infrastructure market players are ABB Ltd., Wabtec Corporation, Schunk Transit Systems GmBH, BYD, and others. The bus pantograph charger market is moderately consolidated and accounts for several global and regional players. Product innovation, joint ventures, acquisitions of smaller players, and product launches are the key strategies deployed by the major players. Moreover, initiatives taken by various governments across the world are also supporting the growth of the market. For instance,
- In June 2022, a Memorandum of Understanding was signed between the Canada Infrastructure Bank and the Regional Municipality of Durham, which concluded that CIB would invest up to USD 53.1 million to support Durham Region Transit's (DRT) purchase order, which included 100 battery-electric buses to be delivered to Durham by the end of 2027. The initiative to electrify transit vehicles is a critical step toward meeting the region's climate change commitments over the next 25 years.
- In December 2021, the Berliner Verkehrsbetriebe (BVG) supervisory board approved the purchase of 90 more electric buses. The vehicles are 12-meter-long battery monoplanes that will be charged in the depot, increasing demand for pantograph charging systems to be used across the country in the coming years.
The above-mentioned development in electric buses may further boost the requirement for charging stations for electric buses. Apart from these strategies, bus pantograph chargers are entering into supply agreements with key bus manufacturers and charging station providers to strengthen their position in the market. For instance,
- In December 2022, Solaris Bus & Coach Sp. z o.o. has agreed to supply 35 Solaris Urbino 12 electric buses to Latvian operator Rgas Satiksme. These buses are expected to have Solaris High Energy batteries with a capacity of 140 kWh that will be charged via a plug-in connector as well as an inverted pantograph. The buses will also include an eSConnect system for managing zero-emission bus fleets. This software, created by Solaris experts, provides real-time access to vehicle data as well as the identification of any faults as they occur.
Pantograph Bus Charger Market Leaders
ABB
Schunk Transit Systems GmBH
Wabtech Corporation
Siemens AG
Vector Informatik GmbH
*Disclaimer: Major Players sorted in no particular order
Pantograph Bus Charger Market News
- August 2022: British bus company First Bus ordered 193 electric buses worth GBP 81 million (~USD 96.4 million) from Northern Irish bus manufacturer Wrightbus. Furthermore, the company initially specifies the DC charging power at 150 kW and optional opportunity charging at 450 kW through pantograph options.
- May 2022: The San Diego Metropolitan System began construction on a USD 8.5 million overhead electric bus charging system capable of charging 24 battery-electric buses at a time. The overhead gantry charging system is expandable to add more charging capacity over the coming years, and MTS will be installing the Schunk SLS 301 series Depot Charging Pantograph, which offers a quicker and safer hands-free electric vehicle charge.
- April 2022: Transports Metropolitans de Barcelona (TMB) has announced that it has opened the tender process to acquire up to 83 battery-powered electric buses, which, in 2023, will replace diesel-powered vehicles that have reached the end of their lifespan. The tender is divided into three lots: two of the lots are standard-size cars (12m) with night load per pantograph, of which 45 units will be contracted, which can be expanded to 63. The third lot consists of 20 articulated units (18m in length) for overnight pantograph charging or other technologies.
- April 2022: The board of the operator Miejski Zakład Komunikacji in Grudziądz and representatives of Solaris Bus & Coach Sp. z o.o. signed a contract for the delivery of 17 electric buses. The tender covers not only the delivery of the vehicles but also of the charging devices, including pantograph chargers. The buses and the charging infrastructure are expected to be delivered to the city in the first quarter of 2023.
- November 2021: The Department of Transport and Road Infrastructure Development of Moscow and e FSUE NAMI State Research Center launched a pilot project by installing an innovative charging station with a bus-down pantograph at the subsidiary Mosgortrans urban surface public transport operator. On this point, two electric buses have been equipped with special contact rails that are adapted to the new charging infrastructure, and these pantographs are to be tested by the end of 2022.
Pantograph Bus Charger Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value - USD Million)
5.1 By Charging Type
5.1.1 Level 1
5.1.2 Level 2
5.1.3 Direct Current Fast Charging
5.2 By Pcomponent Type
5.2.1 Hardware
5.2.2 Software
5.3 By Charging Infrastructure Type
5.3.1 Off-board top-down pantograph
5.3.2 On-Board Bottom-Up Pantograph
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 South Korea
5.4.3.4 Japan
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Aegentina
5.4.4.3 Rest of the South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 ABB Ltd
6.2.2 Schunk Transit Systems GmBH
6.2.3 Wabtech Corporation
6.2.4 Siemens Mobility
6.2.5 Vector Informatik GmbH
6.2.6 SETEC Power
6.2.7 SCHUNK GmbH & Co. KG
6.2.8 Valmont Industries, Inc.
6.2.9 Comeca Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pantograph Bus Charger Industry Segmentation
A pantograph, which makes automated contact between the bus and the charging infrastructure, is a common way to charge battery electric buses. There are currently two methods for making this contact. When charging is required, the pantograph can be mounted on the roof of the electric bus and lifted, or it can be mounted on the charging infrastructure and moved downwards.
The bus pantograph charger market is segmented by charging type (level 1, level 2, and direct current fast charging (DCFC)), component type (hardware and software), charging infrastructure (off-board top-down pantograph and on-board bottom-up pantograph), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for the bus pantograph charger market in value (USD million) for all the above segments.
| By Charging Type | |
| Level 1 | |
| Level 2 | |
| Direct Current Fast Charging |
| By Pcomponent Type | |
| Hardware | |
| Software |
| By Charging Infrastructure Type | |
| Off-board top-down pantograph | |
| On-Board Bottom-Up Pantograph |
| Geography | ||||||||
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Pantograph Bus Charger Market Research FAQs
How big is the Bus Pantograph Charger Market?
The Bus Pantograph Charger Market size is expected to reach USD 2.78 billion in 2024 and grow at a CAGR of 24.65% to reach USD 8.36 billion by 2029.
What is the current Bus Pantograph Charger Market size?
In 2024, the Bus Pantograph Charger Market size is expected to reach USD 2.78 billion.
Who are the key players in Bus Pantograph Charger Market?
ABB , Schunk Transit Systems GmBH, Wabtech Corporation, Siemens AG and Vector Informatik GmbH are the major companies operating in the Bus Pantograph Charger Market.
Which is the fastest growing region in Bus Pantograph Charger Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bus Pantograph Charger Market?
In 2024, the North America accounts for the largest market share in Bus Pantograph Charger Market.
What years does this Bus Pantograph Charger Market cover, and what was the market size in 2023?
In 2023, the Bus Pantograph Charger Market size was estimated at USD 2.23 billion. The report covers the Bus Pantograph Charger Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bus Pantograph Charger Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pantograph Bus Charger Industry Report
Statistics for the 2024 Pantograph Bus Charger market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pantograph Bus Charger analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
