Electric Bus Charging Station Market Overview, Segment Analysis, Growth Opportunities and Forecast to 2025
The global electric bus charging station market is expected to be valued at $12.3 billion by 2025, and grow at a CAGR of 9.7% during the forecast period. The growth of the market is driven by adequate government initiatives and regulations, swift adoption of electric buses in public fleet, as well as numerous investments toward the development of electric bus charging stations, across the world, according to P&S Intelligence. The electric bus charging station market is at the early stage of development and is hugely dependent on government funding and other conducive schemes. Several incentive programs, such as tax rebates, grants, and subsidies, have been launched by governments of different countries in order to develop the electric bus infrastructure. Insights into Market Segments On the basis of type, the electric bus charging station market is classified into depot charging, opportunity charging, and inductive charging. Among these, the depot charging cate...