Electric Bus Charging Infrastructure Market Global Outlook 2023, Growth Drivers, Regions, Demands, Key Companies, Share Analysis, Future Trends and Forecast 2030
Research Reports
Dec 13, 2022
Electric Bus Charging Infrastructure Market Outlook
A piece of equipment used to charge plug-in electric buses is known as a charging station or electric bus charging infrastructure market. At charging infrastructure, some connectors are compatible with a variety of standards. DC charging stations frequently include multiple connectors, which enables them to power a variety of buses. Public charging infrastructure is typically located on the street or in shopping centres, offices, and other parking areas.
The automotive industry, particularly electric vehicles, has been impacted by the rapid spread of the coronavirus, which started in Wuhan, China, and then expanded to most of the world’s nations. However, EV sales fell in the early days of the pandemic but quickly recovered as the government authorities relaxed their movement and lockdown regulations. For instance, despite a brief slowdown in the Chinese market for electric vehicles, it quickly recovered thanks to government initiatives to encourage economic growth through tax exemptions and subsidies.
Key Players:
The key players of Electric Bus Charging Infrastructure Market are as follows:
- Siemens AG (Germany)
- SCHUNK Group (Germany)
- ABB (Switzerland)
- Bombardier Inc (Canada)
- Kempower OY (US)
- Daimler AG (Germany)
- Proterra (US)
- ChargePoint Inc (US)
- EFACEC (Portugal)
- Shijiazhuang Tonhe Electronics Technologies Co Ltd (China)
- Kehua Hengsheng Co Ltd (China)
- XCharge Inc (Germany)
- Alpitronic GmbH (Italy)
- JEMA ENERGY (Spain)
- Ekoenergetyka (Poland) and others.
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Electric Bus Charging Infrastructure Market Regional Analysis:
Global, regional, and local competitors are common in the electric bus charging infrastructure market. The majority of tier-1 players are still present in the global market, which is still consolidated. Market leaders with the largest market shares include Bombardier Inc. (Canada), ABB (Switzerland), Siemens (Germany), Schunk Group (Germany), and EFACEC (Portugal). Due to the rising sales of electric vehicles during the evaluation period, it is predicted that the global electric bus charging infrastructure market would expand at a higher CAGR during the projection period. Based on production costs, technological advancements, and power capacity, the major suppliers of electric bus charging infrastructure compete in the market. To gain an advantage over competitors, they are increasing their production capacity and funding R&D projects.
Electric Bus Charging Infrastructure Market Segmentation:
The electric bus charging infrastructure market by kind of charger:
DC charger: DC chargers work by providing current through the charge port directly to the battery of the electric bus. These chargers can be divided into three categories: 50 kW DC chargers, 50-100 kW chargers, and 100-200 kW chargers. The majority of charging stations use DC chargers up to 50kW, which have become the industry standard for fast charging in the world market for electric vehicles. A DC charger known as an FC charge can provide 100 or more kilometres of range per hour of charging and ranges from 50kW to more.
Pantograph: The electricity for a pantograph’s set of scissor-like contact arms to move the vehicle comes from fixed masts. There are various versions of pantographs. Since it is technically the simplest to implement, a mounted vehicle roof is one widely used alternative. During the charging process, it behaves exactly like a typical Combined Charging System (CCS) plug and is controllable by the driver.
Based on the manner of charging, the electric bus infrastructure market is as follows:
Fast charging: Due to growing demand in the power and electronics industries, the fast-charging segment is anticipated to experience significant growth in the global market during the forecast period. The main manufacturers of conductive connection devices are ABB, Oprid, Schunk, and Proterra. For the Bombardier Primove system, the inductive systems’ charging power is only about 200 kW, whereas the conductive coupling devices provide an extraordinarily high charging power of up to 500 kW.
Slow charging: Overnight charging is frequently related to slow charging. The most frequent type of charging used by various charging infrastructure options for electric vehicle charging is this one. Since 22 hours per day are available for charging because more than 70% of personal vehicles are left in parking lots, slow AC charging is likely to be sufficient for most people’s needs.
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The electric bus charging infrastructure market by region:
North America: Government initiatives for charging stations and rising investments in the creation of DC fast-charging station infrastructure can be used to explain the market expansion in North America for long-range battery-electric vehicles. Additionally, the region’s burgeoning power industry and rising demand for electric vehicles are projected to be major drivers of the electric bus charging infrastructure market.
Europe: This expansion can be ascribed to the region’s presence of Tier-1 players as well as the rise in the number of companies producing the infrastructure needed for electric bus charging. The top manufacturers in the world electric bus charging infrastructure market are ABB, Siemens, Schunk Group, Daimler AG, EFACEC group, XCharge, GmbH, Jema Energy, and Ekoenergetyka.
Asia-Pacific: Due to a number of factors, including the increase in demand for low-emission commuting and rising government investments in charging and hydrogen fueling stations and zero-emission vehicles through subsidies and tax rebates, it is anticipated that this region will experience the fastest growth. Over the future years, China and India are expected to rule the Asia-Pacific market.
Rest of the World: This area has untapped potential for the growth of the electric vehicle sector. The electric bus charging infrastructure market is anticipated to expand rapidly along with the growing use of electric buses in the transportation sector.
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