Europe Electric Bus Charging Station Market

Industry Overview

The European Electric Bus Charging Station Market in 2023 is USD 0.68 Billion and is projected to reach USD 2.61 Billion by 2030, registering a CAGR of 8.4% during the forecast period. Supporting government initiatives and schemes, and growing investment towards charging station infrastructure, propelling the growth of the market.

Market Segmentation

Insight by Charger

On the basis of chargers, the European electric bus charging station market is categorized into off-board and on-board chargers, wherein the off-board category accounted for a larger share in 2023 in terms of volume. The category is expected to lead throughout the forecast period. Electric bus manufacturers are able to reduce the weight of the buses and makes them lighter, with the help of off-board station. This will result in fast charging at higher power levels. 

Insight by Type

On the basis of type, the European electric bus charging station market is divided into depot charging, opportunity charging, and others. Among these categories, the opportunity charging category accounted for the largest share in 2023 in terms of sales volume. However, the depot charging category is expected to witness the fastest growth during the forecast period due to the increasing preference for overnight charging buses among private and public agencies.

Insight by Power

Based on power, the European electric bus charging station market is categorized into less than 50 kW, 50–150 kW, 151–450 kW, and more than 450 kW. Of all, the less than 50 kW category accounted for the largest share in 2023 in terms of volume. However, the more than 450 kW category is expected to witness the fastest growth during the forecast period. This is attributed to the increasing demand for rapid charging of electric buses.

Europe Electric Bus Charging Station Market Report Coverage

Industry Dynamics

Growth Drivers

European electric bus charging station market has been driven by several key factors, predominantly increasing government funding schemes, and increasing government plans for electrification of public transport. 

In European Union, governments are undertaking key initiatives to opt for green energy-driven vehicles. The policies related to electric buses in EU are mainly focused on technological optimization and market development. For instance, the European Commission supported a Europe-wide electromobility initiative, Green eMotion, worth €41.8 million (USD 46.9 million), in partnership with forty-two partners from industry, utilities, electric vehicle manufacturers, municipalities, universities, and technology and research institutions. 

The project developed prototypes to connect the islands of electromobility existing at the time of the project start. An overarching ICT architecture was defined and standards, especially for ICT interfaces, were set. New business models for public charging infrastructure were analyzed and ways are shown for its optimized integration into the grid. This, in turn, is expected to benefit the European electric bus charging station market in the near future.

Challenges

Key factors hindering the growth of the European electric bus charging station market are high installation cost and high maintenance cost of an electric bus charging station. 

Geographic Overview

Geographically, the U.K. electric bus charging station market accounted for the largest share in 2020 in terms of volumes. This is attributed to the increasing adoption rate of electric vehicles, government support schemes for the adoption of electric vehicles, and for developing infrastructure related to electric vehicles including charging stations. 

Competitive Insight

Schunk Carbon Technology is a global leader in the manufacture, development and application of carbon and graphite solutions. The company combine innovative strength and exceptional service to offer a range of products and services that is unique in the market. Their technological know-how and a comprehensive manufacturing and sales network are at different locations around the globe.

Some of the key players operating in the European electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox B.V., JEMA Energy S.A., and Powerdale NV.

Recent Developments by Key Players

Ekoenergetyka (Polish EV charging provider) shall deliver up to 140 chargers for electric buses to Nobina, a Scandinavian public transportation operator. Ekoenergetyka will install its Axon Easy 120 kW and 180 kW DC chargers at four bus depots in Stockholm this year.

Forecast Parameters

- Identifying variables and establishing market impact.

- Establishing market trends regionally.

- Analyzing opportunities and market penetration rates by understanding product commercialization, and regional expansion.

- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.

- Analyzing sustainability strategies adhered by market participants in an attempt to determine the future course of the market.

- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.

- Understanding adoption, production, export, import, and regulatory framework.

Data Validation

- Estimated and forecasted data was validated through industry experts.

- Apart from industry experts, data triangulation methods were used for validation.

- Bottom-up and top-down approach has been used for the estimation and forecast of market data, whereas the top-down approach was used for validation.

- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising consumers are also conducted to understand consumer behavior.

The Europe Electric Bus Charging Station Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Charger
  • Off-Board
  • On-Board
• Type
  • Depot Charging
  • Opportunity Charging
  • Others
• Power
  • <50 kW
  • 50–150 kW
  • 150–450 kW
  • >450 kW

Geographical Segmentation

Electric Bus Charging Station Market by Country

• U.K.
• Germany
• France
• Spain
• Netherlands
• Sweden
• Poland
• Belgium
• Rest of Europe

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Charger
                1.2.2.    By Type
                1.2.3.    By Power
                1.2.4.    By Country
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Size Estimations and Forecast
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Market Definition

        3.1.    By Charger
                3.1.1.    Off-Board
                3.1.2.    On-Board
        3.2.    By Type
                3.2.1.    Depot Charging
                3.2.2.    Opportunity Charging
                3.2.3.    Others
        3.3.    By Power
                3.3.1.    <50 kW
                3.3.2.    50–150 kW
                3.3.3.    150–450 kW
                3.3.4.    >450 kW

4.    Industry Overview

        4.1.    Industry Dynamics
                4.1.1.    Market Growth Drivers
                4.1.2.    Market Growth Restraints
                4.1.3.    Key Market Trends
                4.1.4.    Major Opportunities
        4.2.    Industry Ecosystem
                4.2.1.    Porter’s Five Forces Analysis
                4.2.2.    Recent Development Analysis
                4.2.3.    Value Chain Analysis
        4.3.    Competitive Insight
                4.3.1.    Competitive Position of Industry Players
                4.3.2.    Market Attractive Analysis
                4.3.3.    Market Share Analysis

5.    Europe Market Estimate and Forecast

        5.1.    By Charger
        5.2.    By Type
        5.3.    By Power
        5.4.    By Country – U.K., Germany, France, Spain, Netherlands, Sweden, Poland, Belgium, and Rest of Europe

6.    Company Profiles

        6.1.    Bombardier Inc.
                6.1.1.    Snapshot
                6.1.2.    Overview
                6.1.3.    Offerings
                6.1.4.    Financial Insight
                6.1.5.    Recent Developments
        6.2.    Schunk Carbon Technology
                6.2.1.    Snapshot
                6.2.2.    Overview
                6.2.3.    Offerings
                6.2.4.    Financial Insight
                6.2.5.    Recent Developments
        6.3.    Ekoenergetyka-Polska Sp. z o.o.
                6.3.1.    Snapshot
                6.3.2.    Overview
                6.3.3.    Offerings
                6.3.4.    Financial Insight
                6.3.5.    Recent Developments
        6.4.    Heliox B.V.
                6.4.1.    Snapshot
                6.4.2.    Overview
                6.4.3.    Offerings
                6.4.4.    Financial Insight
                6.4.5.    Recent Developments
        6.5.    JEMA Energy S.A.
                6.5.1.    Snapshot
                6.5.2.    Overview
                6.5.3.    Offerings
                6.5.4.    Financial Insight
                6.5.5.    Recent Developments
        6.6.    Powerdale NV
                6.6.1.    Snapshot
                6.6.2.    Overview
                6.6.3.    Offerings
                6.6.4.    Financial Insight
                6.6.5.    Recent Developments

7.    Appendix

        7.1.    Exchange Rates
        7.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Europe Electric Bus Charging Station Market Size, by Charger, 2018 – 2023 (USD Billion)
Table 5  Europe Electric Bus Charging Station Market Size, by Charger, 2025 – 2030 (USD Billion)
Table 6  Europe Electric Bus Charging Station Market Size, by Charger, 2018 – 2023 (USD Billion)
Table 7  Europe Electric Bus Charging Station Market Size, by Charger, 2025 – 2030 (USD Billion)
Table 8  Europe Electric Bus Charging Station Market Size, by Type, 2018 – 2023 (USD Billion)
Table 9  Europe Electric Bus Charging Station Market Size, by Type, 2025 – 2030 (USD Billion)
Table 10  Europe Electric Bus Charging Station Market Size, by Type, 2018 – 2023 (USD Billion)
Table 11  Europe Electric Bus Charging Station Market Size, by Type, 2025 – 2030 (USD Billion)
Table 12  Europe Electric Bus Charging Station Market Size, by Power, 2018 – 2023 (USD Billion)
Table 13  Europe Electric Bus Charging Station Market Size, by Power, 2025 – 2030 (USD Billion)
Table 14  Europe Electric Bus Charging Station Market Size, by Power, 2018 – 2023 (USD Billion)
Table 15  Europe Electric Bus Charging Station Market Size, by Power, 2025 – 2030 (USD Billion)
Table 16  Europe Electric Bus Charging Station Market Size, by Country, 2018 – 2023 (USD Billion)
Table 17  Europe Electric Bus Charging Station Market Size, by Country, 2025 – 2030 (USD Billion)
Table 18  Europe Electric Bus Charging Station Market Size, by Country, 2018 – 2023 (USD Billion)
Table 19  Europe Electric Bus Charging Station Market Size, by Country, 2025 – 2030 (USD Billion)
Table 20  Snapshot – Bombardier Inc.
Table 21  Snapshot – Schunk Carbon Technology
Table 22  Snapshot – Ekoenergetyka-Polska Sp. z o.o.
Table 23  Snapshot – Heliox B.V.
Table 24  Snapshot – JEMA Energy S.A.
Table 25  Snapshot – Powerdale NV

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Offerings for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Market Synopsis
Figure 9  Europe Electric Bus Charging Station Market - Growth Drivers and Restraints
Figure 10  Competitive Benchmark
Figure 11  Europe Electric Bus Charging Station Market Highlight
Figure 12  Europe Electric Bus Charging Station Market Size, by Charger, 2018 - 2030
Figure 13  Europe Electric Bus Charging Station Market Size, by Type, 2018 - 2030 
Figure 14  Europe Electric Bus Charging Station Market Size, by Power, 2018 - 2030
Figure 15  Europe Electric Bus Charging Station Market Size, by Country, 2018 - 2030