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Global Electric Bus Market 2018-2022 - Led by ANKAI, BYD Company, Higer Bus, Yinlong Energy, YUTONG, and Zhongtong Bus - ResearchAndMarkets.com

November 19, 2018

DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Global Electric Bus Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

One trend in the market is increasing popularity of wireless charging systems. High power levels are required for charging electric buses, which when provided by the inductive wireless technology, increases the convenience of electric bus operators. The US Department of Energy’s Oak Ridge National Laboratory (ORNL) has developed a 20-KW inductive wireless charging system for electric vehicles.

According to the report, one driver in the market is reduction in battery prices. Battery prices account for a significant share of the total cost of electric bus production. The need for efficiency improvement has encouraged battery manufacturers to come up with technological advancements in electric bus batteries.

For instance, advancements in Li-ion batteries have not only reduced the overall weight of electric buses but also increased their lifespan when compared to buses that use conventional lead acid and valve-regulated lead acid (VRLA) batteries. The initial cost of an electric bus is higher than that of a conventional bus. An average electric bus can cost 30%-35% more than an average conventional bus. Any change in the battery prices can bring a huge difference in the total cost of an electric bus.

Further, the report states that one challenge in the market is declining number of public transport users. The increasing preference for personal vehicles is limiting the demand for public transportation. As a result. transit agencies are becoming reluctant to replace their existing conventional buses with expensive electric buses. This is a hindrance for the growth of the global electric bus market

The market appears to be fragmented and with the presence of several companies including ANKAI, BYD Company the competitive environment is quite intense. Factors such as the reduction in battery prices and increasing popularity of wireless charging systems, will provide considerable growth opportunities to aircraft towbars manufactures.

Key Vendors

ANKAI BYD Company Higer Bus Yinlong Energy YUTONG Zhongtong Bus Holding

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 05: MARKET SIZING

Market definition Market sizing 2017 Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 07: MARKET SEGMENTATION BY BUS TYPE

Segmentation by bus type Comparison by bus type Pure electric buses - Market size and forecast 2017-2022 Plug-in hybrid buses - Market size and forecast 2017-2022 Market opportunity by bus type

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

Geographical segmentation Regional comparison China - Market size and forecast 2017-2022 Rest of the world - Market size and forecast 2017-2022 Key leading countries Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers Market challenges

PART 12: MARKET TRENDS

Increasing popularity of wireless charging systems Technological advancements in electric buses Retrofitted electric buses

PART 13: VENDOR LANDSCAPE

Overview Landscape disruption

PART 14: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors ANKAI BYD Company Higer Bus Yinlong Energy YUTONG Zhongtong Bus Holding

For more information about this report visit https://www.researchandmarkets.com/research/lkxxdt/global_electric?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005466/en/

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Related Topics:Commercial Vehicles,Electric and Hybrid Vehicles

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/19/2018 09:57 AM/DISC: 11/19/2018 09:57 AM

http://www.businesswire.com/news/home/20181119005466/en

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