According to Markntel Advisors Report, Europe Electric Bus Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Electric Buses are vehicles that attain their propulsion accessory systems by zero-emissions electricity sources like batteries, hydrogen fuel cells, overhead wires, among others. These buses are also called e-buses and can recharge through regenerative braking systems, solar panels, off-board chargers, storage battery banks, among others. Usually, these vehicles function by sending a signal to the powertrain system controller for high-voltage battery power converting the stored chemical energy into electrical energy.
Europe Electric Bus Market Research Report Summary:
The Europe Electric Bus Market is projected to grow at a CAGR of around 16.66% during the forecast period, i.e., 2022-27.
Time Period Captured in the Report:
- Historical Years: 2017-20
- Base Years: 2021
- Forecast Years: 2022-27
Who are the Key Players Operating in the Europe Electric Bus Market?
The top companies of the Europe Electric Bus Market ruling the industry are:
Bridgestone, Sumitomo Tyre, Michelin, The Goodyear Tire Rubber Manufacturing Company, Hankook Tire, Continental, Apollo TyresbLimited, Pirelli MRF Ltd., Others
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The Europe Electric Bus Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Propulsion Type
-Battery Electric Bus (BEV)
-Plug-in Hybrid Electric Bus (PHEV)
-Fuel Cell Electric Bus (FCEV)
-By Battery Type
-Lithium Ion
-Nickel-metal hydride battery
-Others (Lead-Acid Batteries, Ultracapacitors)
-By Application
-Intercity
-Intracity
-By End User
-Private
-Government
-By Length of Bus
-Less the 9M
-9-15M
-15-20M
-Above 20M
-By Battery Capacity
-100-200 kWh
-200-300 kWh
-Above 300 kWh
-By Range
-100-200 miles
-Above 200 miles
-By Country
-The UK
-Germany
-Italy
-France
-Spain
-Poland
-Sweden
-Belgium
-The Netherlands
-Rest of Europe
Full Report Link: https://www.marknteladvisors.com/research-library/europe-electric-bus-market.html
Recent Developments in the Europe Electric Bus Market
- Recently, VDL Bus Coach began the construction of a new, climate-neutral factory in Roeselare, Belgium, for manufacturing the first e-bus. The facility is designed to manufacture only electrically powered buses in a climate-neutral efficient manner.
- In June 2022, another company, Van Hool, launched a new category of zero-emission public buses, the A-Series, at the European Mobility Expo hosted in Paris. This A-series of zero-emission buses is set to feature a battery-electric fuel cell (hydrogen) powertrain in four different lengths (12m, 13m, 18m, and 24m).
- Moreover, BYD Auto Co. Ltd. China collaborated with Castrosua, a Spain-based bodywork design assembly company, to manufacture customized 12-meter electric buses for urban commuter use in Spain. The Chinese player would provide advanced chassis with an electric powertrain for building the e-bus, whereas the Spanish brand would utilize the NELEC body to provide high-caliber electric transport solutions to the users.
- The European Parliament Council in June 2019 brought an Under Clean Vehicle Directive target to boost the demand deployment of low- zero-emission vehicles. Here, Germany several western European countries, where 45 % of buses purchased must be low emissions by 31 December 2025, and half of them (22.5%) must be zero emissions.
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