Electric Bus Charging Infrastructure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Electric Bus Charging Infrastructure Market is segmented by Charging Type (Plug-in Charging and Overhead Charging) and Geography.

Market Snapshot

electric bus charging infrastructure market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: >16 %

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Market Overview

The electric bus charging infrastructure market (henceforth, referred to as the market studied) is anticipated to register a CAGR of about 16.0% during the forecast period (2020 – 2025).

  • The enactment of stringent emission standards across the world is likely to drive more electric vehicle sales during the forecast period. Thus, to meet the growing demand for EVs, the manufacturers of automotive power modules have started investing in extending their production capacities, majorly in the Asia-Pacific region, owing to its highest sales and export of vehicles across the world, as well as non-tariff on EV parts among ASEAN countries.
  • Charging of electric buses is majorly done using two charging methods, known as plug-in charging and overhead charging. Majority of the charging stations are of the plug-in type; however, with the rising number of electric vehicles, the overhead charging types are anticipated to grow during the forecast period, owing to the trend of developing interoperability of electric buses (i.e., electric buses accept all types of charging methods or technologies).
  • China and the United States registered higher adoption of electric buses, over the past three years (2016-2018). In the coming years, the above countries are expected to continue to deploy more electric buses, owing to strong encouragement from the governments, transit agencies, as well as other green vehicle supporting communities and organizations. For instance, in the United States, in 2018, Electrify America, the subsidiary of Volkswagen Group, announced its plan to invest USD 44 million to support the Green City program in the city of Sacramento.

Scope of the Report

The electric bus charging infrastructure market is segmented by charging type (plug-in charging and overhead charging) and geography (North America, Europe, Asia-Pacific, and Rest of the World).

Charging Type
Plug-in Charging
Overhead Charging
Geography
North America
Europe
Asia-Pacific
Rest of the World

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Key Market Trends

Increase in the Number of Electric Buses and E-mobility Services

E-mobility is currently seen as the most promising technology to reduce exhaust emissions in transportation. Electric buses are replacing conventional diesel-fueled buses at an accelerating rate that is outpacing the adoption of battery-powered cars. According to forecasts by Bloomberg New Energy Finance, by 2030, ~28% of car sales are likely to be electric vehicles, while 84% of new buses will be electric buses.

The electric vehicle market is rapidly growing across the world.

  • For instance, in Europe, the sales of electric vehicles increased by 47% in the first quarter of 2018, compared to the first quarter of 2017. The European government has formulated various policies and has started projects for building the charging infrastructure across the region, primarily to meet the electric vehicle sales target.
  • The transportation sector, which contributes about 27% to Europe’s total greenhouse emissions, is also a source of other dangerous emissions, like NOx. At present, approximately 725,000 buses operate in Europe, including all types of powertrains (electric and non-electric). Out of these, around 2,500 are electric buses, which indicates that majority of them run on diesel.
Electric Bus Charging Infrastructure_segment

China is Leading the Electric Bus Charging Infrastructure Market

The electric bus charging infrastructure market is led by China, followed by Europe and North America, respectively. Currently, 99% of electric buses in service are in China, due to the major air pollution problems in Chinese cities and the decision of local authorities to invest in transport which does not emit. The other developing countries like India are fueling the electric bus charging infrastructure market by adopting more number of electric buses in the country. However, in India, the acceptance of electric and hybrid buses is slow, primarily due to the cost factor.

  • The average cost of hybrid or electric buses is 3-4 times higher than diesel buses.
  • Furthermore, with the decrease in the cost of diesel, there is not much incentive for the operators to shift to hybrid or electric buses. Some cities, like Delhi and Mumbai, are using clean fuel, like CNG, for bus operation.
  • Thus, to make operators adopt electric buses, the Government of India unveiled the National Electric Mobility Mission Plan (NEMMP) 2020 to accelerate the growth of the electric and hybrid components of the automotive sector. It focuses primarily on fast-tracking the manufacturing and introduction of EVs in India.
Electric Bus Charging Infrastructure_geography

Competitive Landscape

The electric bus charging infrastructure market is consolidated and led by few players, such as ABB Group, Proterra Inc. (also electric bus manufacturer), ChargePoint Inc., and Siemens AG. In May 2018, Proterra introduced new electric bus charging systems at the American Public Transportation Association’s (APTA) Bus & Paratransit Conference. The new charging systems are anticipated to offer smart, reliable, flexible, scalable, and powerful features, compared to that of the older systems. Earlier, all Proterra buses utilized the SAE J1772 CCS (IEC Type 1) standard for plug-in charging, and newer models of Proterra Catalyst vehicles will now be fully compatible with the emerging SAE J3105 standard for overhead charging.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Charging Type

      1. 5.1.1 Plug-in Charging

      2. 5.1.2 Overhead Charging

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Electric Charging Infrastructure Suppliers

        1. 6.2.1.1 ABB Ltd

        2. 6.2.1.2 Proterra Inc. (also electric bus manufacturer)

        3. 6.2.1.3 ChargePoint Inc.

        4. 6.2.1.4 Siemens AG

      2. 6.2.2 Electric Bus Manufacturers

        1. 6.2.2.1 BYD Auto Co. Ltd

        2. 6.2.2.2 Daimler AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Electric Bus Charging Infrastructure Market market is studied from 2018 - 2026.

The Electric Bus Charging Infrastructure Market is growing at a CAGR of >16% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

ABB Ltd, Proterra, ChargePoint Inc., Siemens AG, BYD Auto Co. Ltd are the major companies operating in Electric Bus Charging Infrastructure Market.

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