electric bus market to expand with a strong 24% cagr during 2018-2026 owing to curb air pollution, noted transparency market - lithium iron phosphate battery
24%-during the period, the electric bus market will expand with a strong compound annual growth rate of 2018
2026 due to air pollution containment, May 15, 2019, Albany, New York, May 15, 2019/PRNewswire /--
The global electric bus market is highly competitive and market research by many participants (TMR).
In this decentralized competitive environment, suppliers operating only on traditional buses are moving their services to electric buses.
This factor has further exacerbated the level of competition in the global electric bus market.
Leading operators in the global electric bus market include Proterra Inc. , EBUSCO BV.
BYD Co. , Ltd. , FAW Group. , and Nova Bus.
In order to maintain its dominant position, manufacturers in the market mostly rely on strategic mergers and acquisitions.
Their intention is to remain present around the world in order to gain permanent status in the global electric bus market.
However, with the continuous improvement of some advanced technologies, electric buses are another strategy adopted by most players.
The goal of these participants is to combine these technologies, which will largely lead to fruitful results in curbing air pollution.
According to a PDF brochure of research insights provided by TMR's experts, growth in the global electric bus market is expected to grow at a CAGR of 24% during the projected term of office in 20182026.
Market valuations are expected to reach $165 by the end of the evaluation period.
From the perspective of the electrified type, due to the rapid deployment of battery electric buses in China, battery electric buses have the largest share in the global electric bus market.
From a regional perspective, from the adoption of electric buses, North America and the Asia-Pacific region are expected to remain lucrative markets.
This is due to the increasingly stringent emission regulations in both regions.
A sample report is requested: demand to control greenhouse gas emissions is increasing to drive growth in the market. The global electric bus market is driven by several factors.
Experts estimate that if the fuel is consumed at the same rate, our world will only have more than 50 years of fuel left.
Therefore, countries around the world have adopted attitudes towards the use of alternative energy sources.
This is one of the many reasons for the adoption of electric buses, which in turn drive the development of the global electric bus market.
In addition to this, many government legislation is implementing the clean fuel act.
The move is aimed at controlling air pollution, which has deteriorated significantly.
Impact on human beings
Therefore, in order to minimize the risk of air pollution, all countries are investing heavily in electric buses.
This factor provides an important driving force for the growth of the global electric bus market.
In addition, other features of the electric bus include higher return on investment, high fuel efficiency and extremely high noise --
Compared with the traditional bus, it is more efficient.
All these advantages complement the further development of the global electric bus market.
Among various types of electric buses, hybrid electric buses save energy when slowing down or braking, so in several highStrength task.
These applications have also had a positive impact on the growth of the global electric bus market. Have Any Query?
Ask our industry experts: cost-
Sensitivity and high maintenance that hinder market growth
The cost associated with electric buses may be a key reason for the negative impact on the overall growth of the global electric bus market.
In addition, the increase in demand for effective charging stations is another factor that hinders market growth.
Nevertheless, a significant drop in battery costs is expected to herald growth in the global electric bus market in the coming years.
The review is based on a market research report by TMR entitled "electric bus market (
Electrified type
Plug-in electric bus
Hybrid Bus and hybrid bus; Bus Type -
Light passenger cars, medium passenger cars and high passenger cars; Component -
Motor, battery, transmission system; Battery -
Lithium phosphate iron, titanium lithium, nickel manganese cobalt; Operation -Manual,Semi-
Autonomous)-
2018-Global Industry Analysis, scale, Share, Growth, Trends and Forecasts2026".
Discount requirements for this report: segment of the global electric bus market is based on: electrified * battery electric bus * plug-
Hybrid passenger car * hybrid passenger car * light passenger car * medium passenger car * high seat capacity passenger car parts * Motor * Battery * transmission system * other batteries * lithium iron phosphate * titanium lithium * nickel manganese Other operations * Manual * Half
Autonomous region, country/region
Region * North America * United StatesS.
* Canada * Latin America * Brazil * Mexico * Rest of Latin America * Europe * Germany * France * United StatesK.
* Spain * Italy * Netherlands * Poland * Sweden * other parts of Europe * Asia Pacific * China * India * Japan * ASEAN * other parts of Asia Pacific * Middle East and Africa * Gulf Cooperation Council * South Africa * TMR more research reports on automotive and transportation markets in other Middle East and Africa regions * hydrogen train market-
* Market for Electric vans-
* Electric boat market-
* Electric bike market-
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