Europe Electric Bus Charging Station Market Investment Opportunity by 2025

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Growing at a 17.8% CAGR during the forecast period, the European electric bus charging station market is estimated to generate a revenue of $697.7 million by 2025. The inclusion of electric buses in the public fleet, implementation of government schemes and regulations favoring their usage, as well as the increasing investments in building electric bus charging infrastructure are driving the market growth.

Enormous inflows of investment for developing the charging station infrastructure are being witnessed by the European electric bus charging station sector. Electric buses are being increasingly adopted in many countries as they have become affordable due to the implementation of different subsidy schemes. For instance, in 2018, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety of Germany created an $82.7 million fund to encourage public transport operators to invest in electric and plug-in electric buses.

The categories of the electric bus charging station market in europe, based on power, are less than 50 kW, 50–150 kW, 151–450 kW, and more than 450 kW. In terms of volume, during the historical period, the less than 50 kW category dominated the market. However, the fastest growing category during the forecast period is expected to be the more than 450 kW category, due to the increasing requirement for faster charging of electric buses.

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Government support for clean mobility is the major factor driving the European electric bus charging station sector growth. The European Union as well as the government of individual nations are offering a variety of tax rebates and incentives for the purchase of electric buses, which is expected augment the construction of charging stations. For instance, the German government created a $82.7 million (EUR 70 million) fund in 2018 for purchasing electric buses and constructing the related infrastructure.

This increase in such support was witnessed after the Paris Climate Agreement came into effect, wherein nations agreed to significantly reduce their carbon emissions. Further, the European Clean Bus Deployment Initiative was signed in 2017, after which the governments received a clear direction on how to go about making the earth a greener place. Hence, as nations become even more committed toward reducing pollution and purchase a larger number of electric buses, the charging station sector will also grow.

Some of the prominent players in the European electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox BV, Powerdale NV, and JEMA Energy SA.

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