The global electric bus charging station market is projected to reach USD 13.4 billion by 2027, registering a CAGR of 10.5% during the forecast period. Increasing adoption of electric buses in public transportation system, supporting government initiatives and schemes, and growing investment towards charging station infrastructure are the major factors leading to the growth of the global electric bus charging station market.
On-board category accounted for the larger revenue share in the electric bus charging station market
Based on charger, the global electric bus charging station market is categorized into off-board and on-board chargers, wherein on-board category accounted for larger share in 2020, in terms of sales volume. However, the off-board category is expected to witness faster growth during the forecast period because it offers the electric bus manufacturers to reduce the weight of the buses and makes it lighter, with the help of off-board station. This will result in fast charging at higher power levels.
On the basis of type, the global electric bus charging station market is divided into depot charging, opportunity charging, and inductive charging. Of all, the depot charging category accounted for the largest share in 2020 in terms of sales volume. This is attributed to the increasing demand of private and public transport agencies towards overnight charging buses, depot charging stations have more similar operational characteristics to diesel buses.
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Primary factor for the growth of the global electric bus charging station market is increasing adoption of electric buses in the public transport system
The global electric bus charging station market is predominantly dependent on government support, funds, and schemes. Government sector use buses for public transport, military, transit services, and other purposes. Various countries across the region are focusing more on increasing the number of electric buses in their transportation systems. Moreover, local governments in the countries are adopting electric buses into their municipal or public transit fleets. For instance, as reported by Forbes, the central and local government in China spent $ 7.7 billion on electric vehicles subsidiary in 2017. Similarly, in China, electric vehicles are exempt from purchase taxes during 2014 – 2017, Chinese government has further extended it to 2020.
Some of the key players operating in the global electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox B.V., JEMA Energy S.A., Powerdale NV., ABB Ltd., Siemens AG, GH Energy Inc., China Potevio Co. Ltd., Qingdao TGOOD Electric Co. Ltd., Star Charge, Advanced Vehicle Manufacturing Inc., and Proterra Inc.
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million) and volume (Units). The report segments the global electric bus charging station market on the basis of charger, type, power, and country.
Global Electric Bus Charging Station Market Coverage
Charger Insight and Forecast 2015-2027
Type Insight and Forecast 2015-2027
Power Insight and Forecast 2015-2027
Electric Bus Charging Station Market by Region
Rest of the World (RoW)