Electric Bus Charging Infrastructure Market Research Report—Global Forecast till 2030

Electric Bus Charging Infrastructure Market Research Report Information By Charger Type (DC charger, Pantograph) Charging Method (Fast charging, Slow Charging) Forecast 2030

ID: MRFR/AM/9458-CR | September 2022 | Region: Global | 100 Pages         

Electric Bus Charging Infrastructure Market

Electric Bus Charging Infrastructure Market size is expected to grow USD 349.41 million at a CAGR 24.56% during the forecast period 2022-2030.

Segmentation

By Charger Type DC charger Pantograph
By Charging Method Fast charging Slow Charging
By Regions North America Europe Asia-Pacific Rest of the World

Key Players

  • 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).

Drivers

  • Increase in demand for electric vehicles
  • Strategic initiatives by major players
  • Government policies and subsidies
Speak to Analyst Request a Free Sample

The Global Electric Bus Charging Infrastructure Market size is projected to be worth USD 349.41 million by 2030, registering a CAGR of 24.56% during the forecast period (2022–2030).


Electric Bus Charging Infrastructure Market Overview


Electric bus charging infrastructure or charging station is a piece of equipment used to charge plug-in electric buses. Connectors that comply with a range of standards are available at the charging infrastructure. Multiple connectors are typically seen on DC charging stations, allowing them to power a wide range of buses. Typically, public charging infrastructure can be found on the street or in retail shopping complexes, government buildings, and other parking locations. 


COVID-19 Impact on the Electric Bus Charging Infrastructure Market:


The rapid spread of SARS-COV-2 or novel coronavirus initially in China’s Wuhan that later covered most countries worldwide has affected the automotive industry, including electric vehicles. However, the sales of EVs in the initial days of the pandemic dropped but recovered soon with the relaxation in the movement and lockdown policies from the government authorities.


However, initiatives to boost the adoption differs from country to country and region to region. This can be seen in the demand for EVs in the US during the pandemic, which was reported to fall due to the decreased individual per capita disposable incomes and economic slowdown. Additionally, the taxes incurred for gasoline by the US federal government are lower when compared with the other countries, hampering the electric bus charging infrastructure market growth for the electric vehicle industry.


Electric Bus Charging Infrastructure Market Dynamics


Drivers


  • Increase in demand for electric vehicles

  • Strategic initiatives by major players

  • Government policies and subsidies


To reduce the negative impact on the environment and foreign exchange reserves, governments and state governments in several nations are taking steps to establish charging stations to stimulate the adoption of electric vehicles. In several nations, efforts are underway to plan and deploy large-scale interconnected EV charging stations along several major transportation corridors. Digitalization, interoperability, and charging network roadmaps are all important concerns that are to be addressed in the planning process. In several cases, stimulus packages are augmenting the funding for EV infrastructure. In the European Union, the Alternative Fuel Infrastructure Directive (AFID) is the main measure directing the roll-out of publicly accessible EV charging stations. Members of the EU are required to set deployment targets for publicly accessible EV chargers for the decade to 2030, with a suggestive ratio of one charger per ten electric cars. Similar to large-scale investments in Europe, China proposed a USD 1.4 trillion digital infrastructure public spending initiative, which includes funding for EV charging stations. Hence, as a result of government policies and subsidies, the growth of the global electric bus charging infrastructure market is expected to gain traction throughout the forecast period.


Restraints


  • High capital cost of E-bus

  • Demand for CNG and LPG vehicles


Over the last decade, the prices of crude oil per barrel have been rapidly increasing as the availability of crude oil is decreasing with each passing day, which is why a large portion of the population is shifting its preference toward alternative fuel vehicles. In the past few years, the demand for CNG vehicles in developing countries, such as Pakistan, Iran, India, and China, is witnessing significant growth in sales every year. Along with emerging economies, developed nations such as the US and the UK have taken steps to focus on developing the infrastructure to support CNG vehicles. Governments in various countries across the globe have also taken initiatives to increase the sales of CNG vehicles. The government authorities in countries such as India, Singapore, Indonesia, and Brazil, as well as countries in the Middle East & Africa, have planned to allow several CNG vehicle manufacturers to set up manufacturing plants. Thus, the demand for CNG and LPG vehicles is expected to restrict the growth of the global electric bus charging infrastructure market to a certain extent during the forecast period.


Opportunities


  • Growth in demand within fleets


The intense rivalry among fleet owners has resulted in the adoption of measures that increase profit margins. Electric vehicles can be critical in reducing fuel expenses and increasing profit margins as they require very little maintenance with very few moving parts. Thus, they minimize the total cost of ownership further. The fleet owners are looking for new developments, technologies, and trends to improve the business case for hybrid-electric buses and drive increased fleet adoption. Manufacturers have begun investing in the development of electric buses, primarily focused on the fleet requirement, to meet future demand for electric buses among fleets. For example, in 2018, VDL Bus & Coach supplied 100 electric buses to Connexxion for the Amstelland Meerlanden concession in Amsterdam, Europe, making it the world's largest electric bus fleet. More than 160 electric buses have struck the streets of Groningen-Drenthe, a new concession in Europe, in 2019. As a result, the increased demand for electric buses, particularly among fleets, creates attractive prospects for players operating in the global electric bus charging infrastructure market.


Challenges


  • Lack of standardization and regulations on charging infrastructure


As is common with nascent technology, the e-bus charging business currently lacks standards and regulations, which is causing delays in deployment. There are still differences in the sorts of charge port designs available (i.e., the design of the charging outlet that connects to the e-bus). Several standards have been proposed for the plug-in cable connection to "rapid" chargers, including the CHAdeMO and the Society of Automotive Engineers standards. Additional standards have also been proposed in China, North America, and Europe. The lack of agreement in these standards adds to the complexity of e-bus charging infrastructure. Standardization of charging procedures is also lacking. While most e-buses are charged by plugging them into a depot, there are several charging strategies and technologies on the electric bus charging infrastructure market that are striving to become the future norm. Some cities, such as Madrid and Zhengzhou, already have electric bus fleets that use various charging technologies, including overhead charging, wireless inductive charging, and battery swapping. Thus, the lack of standards and regulations is likely to be a major challenge faced by the players in the global electric bus charging infrastructure market.


Electric Bus Charging Infrastructure Market Supply Chain Analysis


In the design & development stage, the working technology, working conditions, type of station, connector, size, weight, battery capacity, charging time, and applications of the electric vehicle charging station are analyzed to design and develop an electric vehicle charging station that fulfills the requirements of the customers. In the design phase, the overall layout, components, material type, size, and shape of the electric vehicle charging station are determined according to their application and the specific requirements of the end users. After finalizing the design, the various raw materials, such as plastics, metals, steel, special fibers, and glass, are selected. A few key components required for manufacturing electric bus charging infrastructure are battery, safety interlocks, rectifiers, connectors, wiring harnesses, power control units, and MCU.


After procuring the necessary raw material and components, the electric vehicle charging station manufacturer manufacturers the electric vehicle charging station according to the design, which was finalized by keeping in mind the final requirements. After the manufacturing stage is completed, the finished products are sent to various suppliers, such as independent dealers and company dealers who work as channels to provide the final electric bus charging infrastructure to the end users. The primary end users in the global electric vehicle charging station market include individual buyers, government organizations, private organizations, and electric vehicle manufacturers. The end user purchases electric bus charging infrastructure from the dealers.


Electric Bus Charging Infrastructure Market Segmentation


Based on charger type:


 DC charger and pantograph are the segments based on the charger type of the Global Electric Bus Charging Infrastructure Market.  The pantograph segment is expected to have the higher CAGR and lead the market share during the forecast period. Pantographs are sets of scissor-like contact arms that draw their power for vehicle operation from stationary masts. Pantographs are available in different versions.


Based on charging method:


Fast charging and slow charging are the segments based on the charging method of the Global Electric Bus Charging Infrastructure Market.  The slow charging segment is expected to have the highest CAGR and dominate the market share during the forecast period. Slow charging is typically associated with overnight charging. This is the most ordinary form of charging used by various charging infrastructure solutions for charging electric vehicles. More than 70% of personal vehicles are parked during the day and thus have 22 hours per day to be recharged, which indicates that slow AC charging can meet the needs of many.


Electric Bus Charging Infrastructure Market Regional Analysis


The regions are classified as North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific holds a significant share of the electric bus charging infrastructure market. It is expected to emerge as the fastest-growing regional market due to various factors such as the upsurge demand for low emission commuting and increasing investments by governments for charging and hydrogen fueling stations and zero-emission vehicles through subsidies & tax rebates. China and India are anticipated to dominate the Asia-Pacific market over the forthcoming years.


Europe accounted for the second-largest market share and is projected to exhibit a healthy CAGR of over the study period. This growth can be attributed to the presence of Tier-1 players in this region and the increasing number of electric bus charging infrastructure manufacturers in this region. ABB, Siemens, Schunk Group, Daimler AG, EFACEC group, XCharge, Alpitronic GmbH, Jema Energy, and Ekoenergetyka are the major producers of global electric bus charging infrastructure present in Europe.


Electric Bus Charging Infrastructure Market Competitive Landscape


The global electric bus charging infrastructure market is characterized by the presence of global, regional, and local players. The global market for electric bus charging infrastructure is anticipated to grow at a healthier CAGR during the forecast period, owing to the increasing sales of electric vehicles during the assessment period. Furthermore, the growing application of DC chargers and pantographs in the transportation, power, and electronics industries is expected to offer promising opportunities to manufacturers in the coming years. The key manufacturers of electric bus charging infrastructure compete based on manufacturing cost, technology advancement, and power capacity. They are engaged in expanding their production capacity and investing in R&D activities to gain an edge over competitors.


List of Key Companies covered in the electric bus charging infrastructure market report:



  • 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)


Recent Development:



  • In October 2021, ABB entered into a partnership with Basel as a partner for Switzerland's largest infrastructure projects. Basel selected ABB’s charging technology for sustainable e-bus operations during the forecast period. The contract is part of Basel Public Transport's (BVB) efforts to convert its entire bus fleet to battery-electric operations.

  • In October 2021, Custom Denning, one of Australia’s leading bus manufacturers, selected Siemens AG’s electric bus charging stations and digital depot management solution for its fleet of fully Australian-designed and built Element electric buses. These charging stations will help the bus manufacturer’s prototype electric buses and will be available for future e-Bus orders of its customers.

  • In July 2021, Siemens AG was awarded a contract from the Zurich Public Transport Authority (VBZ) to supply, install and commission 45 e-Bus charging stations, type Sicharge UC. The charging infrastructure will be installed at the Hardau bus garage, where 45 new e-Buses will be supplied with power in the future. The installation is scheduled to go into operation in early 2022.

  • In March 2021, JEMA ENERGY launched an electric traction system for electric buses and trucks with a maximum power of 360 kW. It has already integrated these traction systems in different vehicle models, 12 and 18 m e-buses and e-trucks.

  • In February 2021, EFACEC introduced its new electric vehicle charger generation, which includes an AC column for private or public use, a high-power charger for a column with up to 350 kW charging power, and a DC station with three charging ports and up to 120 kW.


Charging Infrastructure Market for Electric Bus Report Overview:


The Global Electric Bus Charging Infrastructure Market is segmented based on the charger type and charging method in this report. The report is focused on various analytical aspects such as market dynamics, Supply chain analysis, Porter’s five forces, competitive landscape, recent developments, and company profiles. The insights in this report, comprise, discuss views, and predict the emerging and fast-growing segments, regions, and countries with potential for development in the Global Electric Bus Charging Infrastructure Market.


Segmentation Overview:


By charger type:



  • DC charger

    • Up to 50KW

    • 50 to 100KW

    • 100 to 200 KW



  • Pantograph

    • Up to 50KW

    • 50 to 100KW

    • 100 to 200 KW




By Charging method:



  • Fast charging

  • Slow charging


By Regions:



  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World


Objectives of the Study



  • To get a comprehensive overview of the Global Electric Bus Charging Infrastructure Market.

  • To get wide-ranging information about the key factors driving the electric bus charging infrastructure market and market opportunities

  • To gain information regarding the key players in the industry, technology advancements, and key developments

  • To gain insights into the key country/region in which the electric bus charging infrastructure market is growing


Intended Audience                                                                                          



  • Automobile Companies

  • Manufacturing Companies

  • Research Institutes

  • Academic Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 349.41Million
  CAGR    ~24.56%
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2019 & 2020
  Forecast Units    Value (USD millions)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Charging Type and Charging Method
  Geographies Covered   North America, Europe, Asia-Pacific, Rest of the World
  Key Vendors   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)
  Key Market Opportunities   Growth in demand within fleets
  Key Market Drivers   Increase in demand for electric vehicles Strategic initiatives by major players Government policies and subsidies


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The Global Electric Bus Charging Infrastructure Market would register a growth of ~24.56% during the forecast period.

The high capital cost of E-bus is a key restraining factor for the Global Electric Bus Charging Infrastructure Market

The Asia Pacific would enjoy the upper hand in the Global Electric Bus Charging Infrastructure Market

Charging Connectors That Comply with a Range of Standards are Available at The Charging Infrastructure.