European Electric Bus Charging Station Market is Expecting Major Tech Revolution in Near Future
Various countries have now shifting towards mobility options that have less carbon emissions. As the awareness regarding the need for shifting to eco-friendly means is growing, people are widely opting for sustainable products. Owing to this, the penetration of electric vehicles has been growing considerably across the globe. While initially, electric cars and scooters have been in high demand, however, the adoption of electric buses has been growing as well all over the world, including the European region.
The fund was meant for the purchase of plug-in-hybrid electric buses and electric buses, along with the construction of the related electric charging infrastructure needed for the operation of these buses. Furthermore, at the cities and regional level transport organizations and manufacturers endorsed a common ambition for accelerating the rollout of electric buses, which was formalized by the signing of the European Clean Bus Deployment Initiatives.
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The European electric bus charging station market is predicted to generate a revenue of $697.7 million by 2025, increasing from $221.2 million in 2018, progressing at a 22.4% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into opportunity charging, depot charging, and others, out of which, the opportunity charging division held the major share of the market in 2018. These chargers facilitate reduced downtime for charging, expedite the overall charging process, and have easy functioning.
Market Segmentation by Type
- Depot Charging
- Opportunity Charging
- Others
Market Segmentation by Power
- <50 kW
- 50–150 kW
- 150–450 kW
- >450 kW
Market Segmentation by Charger
- Off-Board
- On-Board
Market Segmentation by Country
- U.K.
- Germany
- Netherlands
- Lithuania
- Austria
- Belgium
- Poland
- Sweden
- Spain
- France
- Rest of Europe
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