Europe Electric Bus Charging Station Market
Europe Electric Bus Charging Station Market: Market Segments: By Type (Depot Charging, Opportunity Charging); By Power (<50 kW, 50–150 kW, 150–450 kW, >450 kW); By Charger (Off-Board, On-Board); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Supporting government initiatives and schemes, and growing investment towards charging station infrastructure, propelling the growth of the European electric bus charging station market. For the reason of these advantages, policymakers have set goals to increase adoption, such as the Netherlands mandating 100% sales of public transport buses with zero-emission vehicles (ZEV) by 2025, followed by 100% of the ZEV fleet by 2030, replacing all fossil fuel vehicles.
Europe Electric Bus Charging Station Market is expected to project a notable CAGR of XX.X% in 2030.
Europe Electric Bus charging station Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The major factors driving the growth of the market are the availability of government schemes and regulations, the rise in uptake of electric buses in the public fleet, and increasing investment toward electric bus charging infrastructure.
Europe Electric Bus Charging Station Market: Segments
Opportunity charging segment to grow with the highest CAGR of XX.X% during 2019-30
European electric bus charging station market is categorized by depot charging, opportunity charging, and others. Among these, the opportunity charging category held the largest market share in terms of sales volume, in 2018. However, during the forecast period, the depot charging category is expected to witness the fastest growth, owing to the growing preference of public and private agencies toward overnight charging buses, as they have more similar operational characteristics to a diesel bus. The ease of functioning offered by this type of charging is driving the category’s growth.
Europe Electric Bus Charging Station Market: Market Dynamics
Favorable government policies
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. Also, governments are undertaking key initiatives to opt for green energy-driven vehicles. The policies related to electric buses in the EU are mainly focused on technological optimization and market development.
High cost of Installation
The cost of installation and maintenance of an electric bus charging station is high, which is limiting the growth of the European electric bus charging station market. With very high-power levels used to charge electric buses, the AC/DC conversion and the power conditioning and control circuits require heavy-duty components, which make the station very expensive and large.
Europe Electric Bus Charging Station Market: Regions
Europe Electric Bus Charging Station Market is segmented based on regional analysis into major countries. These include the U.K., Germany, the Netherlands, Lithuania, Austria, Belgium, Poland, Sweden, Spain, and France.
Europe Electric Bus charging station Market in Germany held the largest market share of XX.X% in the year 2018. U.K. held the largest market share in the region during the historical period, in terms of volume. This is due to the fact that the U.K. is intensively focusing on establishing a green mobility solution, thereby accelerating the electrification of its public transit fleets. Additionally, faster adoption rate of electric vehicles in the country, supported by the government in form of financial and non-financial incentives for the procurement of these vehicles as well as developing related infrastructure are other factors driving the growth of the U.K. market. Moreover, Countries across the region are highly motivated to include more electric buses in their transportation systems. For instance, the Netherlands’ national plan, named Green Deal, plans to electrify the entire public transport fleet of more than 5,000 buses by 2025.
Europe Electric Bus Charging Station Market: Key Players
• Bombardier Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Schunk Carbon Technology
• Ekoenergetyka-Polska Sp. z o.o.
• Heliox B.V.
• JEMA Energy S.A.
• Powerdale NV
• Other Prominent Players
Europe Electric Bus Charging Station Market report also contains analysis on:
• Europe Electric Bus Charging Station Market Segments:
o By Type
o By Charger
o By Power
• Europe Electric Bus Charging Station Market Dynamics
• Europe Electric Bus Charging Station Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints