Global Electric Bus Market 2018-2022 - Led by ANKAI, BYD Company, Higer Bus, Yinlong Energy, YUTONG, and Zhongtong Bus - ResearchAndMarkets.com
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 VendorsANKAI BYD Company Higer Bus Yinlong Energy YUTONG Zhongtong Bus Holding
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZINGMarket definition Market sizing 2017 Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSISBargaining 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 TYPESegmentation 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 LANDSCAPEGeographical 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 CHALLENGESMarket drivers Market challenges
PART 12: MARKET TRENDSIncreasing popularity of wireless charging systems Technological advancements in electric buses Retrofitted electric buses
PART 13: VENDOR LANDSCAPEOverview Landscape disruption
PART 14: VENDOR ANALYSISVendors 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/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Commercial Vehicles,Electric and Hybrid Vehicles
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