Global Electric Bus Market Expected to Exceed 600 Thousand Units by 2026, at 25% CAGR: Facts & Factors

Electric Bus Market

Electric Bus Market

Global electric bus market is expected to grow at a CAGR of over 25% and is anticipated to exceed 600 thousand units by 2026.

NEW YORK, UNITED STATES, May 21, 2020 /EINPresswire.com/ — Findings from Facts and Factors report “Electric Bus Market By Bus Type (Less than 9m, 9-14m, and Above 14m), By Battery Capacity (Less than 50kWh, 50–250kWh, and Above 250kWh), By Range (Less than 150 miles, 150–300 miles, and Above 300 miles), By Propulsion Type (PHEV, BEV, and FCEV), By Component (Battery, Motor, Ultra-Capacitor, and Fuel Cell Stack), By Consumer Segment (Fleet Operator and Government), By Application (Intercity and Intracity), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global electric bus market in terms of volume was around 135 thousand units in 2019. The market is expected to grow at a CAGR of over 25% and is anticipated to exceed 600 thousand units by 2026.

Gasoline-based vehicles are the leading cause of air pollution worldwide. The increasing carbon and other hazardous gases emission due to fuel combustion have been leveling up the global warming effect. To combat such a situation, several government agencies and policymakers are seeking to launch low and zero-emission vehicles. Although natural gas-based public transport system is succeeded to some extent in controlling the swiftly rising air pollution, electric buses are gaining prominence to eradicate this global concern owing to their zero-emission characteristic. Thus, the demand for electric buses in different regions across the globe is flourishing substantially and propelling the global electric bus market.

Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/global-electric-bus-market-by-bus-type-less-961

Our Every Free Sample Includes:

COVID-19 Impact Analysis, A research report overview, TOC, list of tables and figures, an overview of major market players, and key regions included.

Some of the key players driving the global electric bus market are Daimler AG, Solaris Bus & Coach S.A., New Flyer Industries Inc., Proterra Inc., EBUSCO, Zhengzhou Yutong Group Co. Ltd., AB Volvo, and BYD Company Limited, among others.

Besides, the major amount of the globally extracted crude oil is consumed by public transportation systems in several regions. All the countries are focused to slash the import and consumption rate of oil. Thus, the adoption of electric vehicles is an effective alternative for this condition. However, electric buses are quite expensive compared to gasoline-based vehicles, which is likely to hamper the global electric bus market.

By bus type, the 9–14 m segment to hold the dominating position in the global electric bus market throughout the study timeframe

Based on the length of the bus, the electric bus market is categorized into less than 9m, 9–14 m, and above 14 m. The 9–14 m segment is likely to hold the major volume share of the global electric bus market from 2020 to 2026. The 9–14 m segment is leading among all the size-based electric bus segments. Based on the actual figures, the electric bus fleet for public transportation in China comprises the major share of the electric buses that are 9–14 m stretched.

Enquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/global-electric-bus-market-by-bus-type-less-961

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

The Middle East & Africa (MEA) electric bus market is likely to witness a remarkable CAGR during the study timeframe

The electric bus market in the Middle East & Africa region (MEA) anticipates substantial growth in the coming years, as the majority of the leading manufacturers are headquartered in the region, the demand for the electric transportation system is increasing considerably, and the regulations imposed by the regional government to promote electric vehicles.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/global-electric-bus-market-by-bus-type-less-961

(We customize your report according to your research need. Ask our sales team for report customization.)

This report segments the global electric bus market as follows:

Global Electric Bus Market: Bus Type Segmentation Analysis

Less than 9 m
9−14 m
Above 14 m

Global Electric Bus Market: Battery Capacity Segmentation Analysis

Less than 50 kWh
50–250 kWh
Above 250 kWh

Global Electric Bus Market: Range Segmentation Analysis

Less than 150 miles
150–300 miles
Above 300 miles

Global Electric Bus Market: Propulsion Type Segmentation Analysis

PHEV
BEV
FCEV

Global Electric Bus Market: Component Segmentation Analysis

Battery
Motor
Ultra-capacitor
Fuel Cell Stack

Global Electric Bus Market: Consumer Segment Segmentation Analysis

Fleet Operator
Government

Global Electric Bus Market: Application Segmentation Analysis

Intercity
Intracity

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal – 200120, China
Tel: +86 21 80360450
Email: sales@fnfresearch.com
Web: https://www.fnfresearch.com

Sanu Thomas
Facts & Factors
+1 855-465-4651
email us here
Visit us on social media:
Twitter
LinkedIn


Source: EIN Presswire