Report Code: CMI19995

Published Date: October 2022

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 31.5%
2.2B
2021
4.1B
2022
19.5B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ABB
  • Furrer+Frey AG.
  • Siemens
  • ALSTOM
  • Heliox
  • Others

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Reports Description

The rising government support is boosting the electric bus charging station market.

According to Custom Market Insights (CMI), The Global Electric Bus Charging Station Market size was worth around USD 2.2 billion in 2021 and is expected to reach USD 4.1 billion in 2022 and is predicted to grow to around USD 19.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 31.5% between 2022 and 2030.

The report analyses the Electric Bus Charging Station market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Bus Charging Station market.

Electric Bus Charging Station Market: Overview

A bus that runs on electricity instead of gasoline, diesel, or other fuels is called an electric vehicle (EV). An electric bus runs solely on electricity, unlike a hybrid car with an internal combustion engine. As a result, to underline that they only run-on electricity, electric vehicles are occasionally referred to as “all-electric vehicles.” When an electric bus needs power, it draws it from the grid and stores it in a tank that can be recharged. This is precisely how our technology operates. Until they require recharging, we utilize them without restriction after plugging them in to charge the battery.

Electric Bus Charging Station Market: COVID–19 Impact Analysis

Early in 2020, the COVID-19 outbreak had a minimal impact on the EV charging sector because of lockdowns. However, due to government incentives worldwide, the demand for EVs and related markets surged in 2021, which boosted the requirement for EV charging stations.

Globally, top EV charger producers and network providers have expanded the number of their personal and public EV chargers. For instance, Shell has over 250,000 EV charging stations worldwide as of December 2021, a massive increase from less than 50,000 in 2020. ABB also had over 400,000 EV charging stations as of December 2021, an increase of more than 100% from the prior year. In addition, all other networks and charging station makers have expanded the availability of EV charging. This market was less affected by the epidemic because of the significant drive by governments worldwide to phase out ICE automobiles.

Electric Bus Charging Station Market: Growth Drivers

Surging government support for the development of electric bus charging station

The rise in the value proposition of electric vehicles is being influenced by government policy support in the form of R&D, the creation of novel technologies, mandates and regulations, financial incentives, and other measures. Many governments are assisting electric car manufacturers by offering tax credits and other subsidies to increase sales.

Additionally, the governments provide incentives and subsidies for constructing the infrastructure needed for EV chargers and a road tax exemption. The market for electric bus charging stations has been driven by several important variables, most notably rising government funding programs and greater government ambitions for the electrification of mass buses. Governments are also initiating considerable initiatives to promote the usage of vehicles powered by green energy. For instance, European electric bus policies primarily focus on market expansion and technological innovation.

The European Commission also supported Green eMotion, an initiative to promote electromobility across all of Europe that was started in partnership with 42 partners from businesses, utilities, electric vehicle producers, municipalities, universities, and technology and research institutions.

The surging popularity of Mobility as a Service (MaaS)

Mobility as a Service (MaaS) is attaining popularity, which is also anticipated to fuel industry expansion. Additionally, the emphasis placed on subscription-based charging models has contributed to the growth of EV charging stations. According to the model, numerous utilities have partnered with OEMs to offer their consumers subscription-based services, including Vattenfall AB, Duke Energy Corporation, and New York Power Authority. For instance, in April 2019, Duke Energy Corp. and ChargePoint Inc. struck a collaboration agreement to provide subscription-based services to its EV drivers in North Carolina, a U.S. state.

However, some expenses related to the EV charging infrastructures, such as maintenance, installation, and operational costs, are detrimental to the market’s expansion.

Global Electric Bus Charging Station Market 2023–2032 (By Charger)

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Electric Bus Charging Station Market: Segmentation Analysis

In our research scope, the moringa market is segmented into charger, type, and power. The global electric bus charging stations market is divided into two categories based on the charger: off-board and on-board chargers. In terms of sales volume in 2021, the onboard category held a higher proportion. Therefore, the type is anticipated to be in the lead throughout the projected period.

However, the off-board type is expected to have higher growth throughout the projected period since it enables the producers of electric buses to make their vehicles lighter and lighter by using off-board stations. Fast charging at more incredible power levels will come from this.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 2.2 Billion
Projected Market Size in 2030 USD 19.5 Billion
Market Size in 2022 USD 4.1 Billion
CAGR Growth Rate 31.5% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players ABB, Furrer+Frey AG., Siemens, ALSTOM, Heliox, PROTERRA, Momentum Dynamics Corporation, ElectReon, Liikennevirta Oy (Ltd.), and Others
Key Segment By Charger, Type, Power, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Electric Bus Charging Station market is estimated to grow annually at a CAGR of around 31.5% over the forecast period (2022-2030).
  • In terms of revenue, the Electric Bus Charging Station market size was valued at around USD 2.2 billion in 2021 and is projected to reach USD 19.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on charger type segmentation, the onboard segment was estimated to hold the maximum market share in 2021.
  • Based on type segmentation, the depot charging segment was the top revenue-generating category in 2021.
  • Based on power segmentation, the less than 50 kW segment was the top revenue-generating category in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Global Electric Bus Charging Station Market 2023–2032 (By Billion)

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Recent Development

  • 2022: A UK-based fund, Causes E-Mobility, plans to construct factories for producing electric 2-wheelers, 3-wheelers, and buses. The company wants to get involved in every aspect of the electric car industry, starting with creating an 8 gigatonne-hour lithium-ion cell plant, four production facilities, and renewable energy-powered charging stations.
  • 2021: According to ABC Companies, a North American motorcoach seller, an all-electric Van Hool CX45E bus completed a 1,700-mile journey through the Pacific Northwest. Using solely public charging stations, the “Proterra Powered” electric bus travelled from Newark to Seattle and back. The trip is an example of the value of electric bus capabilities and the growing charging network in the US for promoting long-distance electric car travel.

Regional Landscape

In 2021, Asia Pacific led the market for electric bus charging stations. The Asia Pacific region includes China, India, Japan, and South Korea. Some of the economies in the world that are expanding the fastest are found in this region, including China and India.

The governments of these developing nations have taken several steps to entice major OEMs to build electric vehicle charging stations in their domestic markets after realizing the potential for growth in the global electric bus charging station market. For instance, charging network providers for EV charging stations have partnered with several OEMs to advertise free EV charging for EV drivers.

Competitive Landscape

The industry participants constantly attempt to improve their current product portfolios and develop new products. These players favour partnerships with other EV producers for strategic growth.

Global Electric Bus Charging Station Market 2023–2032 (By Type)

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Prominent Players:

  • ABB
  • Furrer+Frey AG.
  • Siemens
  • ALSTOM
  • Heliox
  • PROTERRA
  • Momentum Dynamics Corporation
  • ElectReon
  • Liikennevirta Oy (Ltd.)

The global Electric Bus Charging Station market is segmented as follows:

By Charger

  • Off-board
  • Onboard

By Type

  • Depot Charging
  • Opportunity Charging
  • Inductive Charging

By Power

  • Less than 50 kW
  • 50–150 kW
  • 151–450 kW
  • More than 450 kW

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Bus Charging Station Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Electric Bus Charging Station Market : snapshot
  • Chapter 3. Global Electric Bus Charging Station Market – Industry Analysis
    • 3.1 Electric Bus Charging Station Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Government support for the development of electric bus charging station
      • 3.2.2 Government support for the development of electric bus charging station
      • 3.2.3 The surging popularity of Mobility as a Service (MaaS)
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Charger
      • 3.7.2 Market attractiveness analysis By Type
      • 3.7.3 Market attractiveness analysis By Power
  • Chapter 4. Global Electric Bus Charging Station Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Bus Charging Station Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Bus Charging Station Market – Charger Analysis
    • 5.1 Global Electric Bus Charging Station Market overview: By Charger
      • 5.1.1 Global Electric Bus Charging Station Market share, By Charger, 2021 and 2030
    • 5.2 Off-board
      • 5.2.1 Global Electric Bus Charging Station Market by Off-board, 2022 – 2030 (USD Billion)
    • 5.3 Onboard
      • 5.3.1 Global Electric Bus Charging Station Market by Onboard, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Electric Bus Charging Station Market – Type Analysis
    • 6.1 Global Electric Bus Charging Station Market overview: By Type
      • 6.1.1 Global Electric Bus Charging Station Market share, By Type, 2021 and 2030
    • 6.2 Depot Charging
      • 6.2.1 Global Electric Bus Charging Station Market by Depot Charging, 2022 – 2030 (USD Billion)
    • 6.3 Opportunity Charging
      • 6.3.1 Global Electric Bus Charging Station Market by Opportunity Charging, 2022 – 2030 (USD Billion)
    • 6.4 Inductive Charging
      • 6.4.1 Global Electric Bus Charging Station Market by Inductive Charging, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Electric Bus Charging Station Market – Power Analysis
    • 7.1 Global Electric Bus Charging Station Market overview: By Power
      • 7.1.1 Global Electric Bus Charging Station Market share, By Power, 2021 and 2030
    • 7.2 Less than 50 kW
      • 7.2.1 Global Electric Bus Charging Station Market by Less than 50 kW, 2022 – 2030 (USD Billion)
    • 7.3 50–150 kW
      • 7.3.1 Global Electric Bus Charging Station Market by 50–150 kW, 2022 – 2030 (USD Billion)
    • 7.4 151–450 kW
      • 7.4.1 Global Electric Bus Charging Station Market by 151–450 kW, 2022 – 2030 (USD Billion)
    • 7.5 More than 450 kW
      • 7.5.1 Global Electric Bus Charging Station Market by More than 450 kW, 2022 – 2030 (USD Billion)
  • Chapter 8. Electric Bus Charging Station Market – Regional Analysis
    • 8.1 Global Electric Bus Charging Station Market Regional Overview
    • 8.2 Global Electric Bus Charging Station Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Electric Bus Charging Station Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Electric Bus Charging Station Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Electric Bus Charging Station Market, by Charger, 2022 – 2030
      • 8.4.1 North America Electric Bus Charging Station Market, by Charger, 2022 – 2030 (USD Billion)
    • 8.5 North America Electric Bus Charging Station Market, by Type, 2022 – 2030
      • 8.5.1 North America Electric Bus Charging Station Market, by Type, 2022 – 2030 (USD Billion)
    • 8.6 North America Electric Bus Charging Station Market, by Power, 2022 – 2030
      • 8.6.1 North America Electric Bus Charging Station Market, by Power, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Electric Bus Charging Station Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Electric Bus Charging Station Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Electric Bus Charging Station Market, by Charger, 2022 – 2030
      • 8.8.1 Europe Electric Bus Charging Station Market, by Charger, 2022 – 2030 (USD Billion)
    • 8.9 Europe Electric Bus Charging Station Market, by Type, 2022 – 2030
      • 8.9.1 Europe Electric Bus Charging Station Market, by Type, 2022 – 2030 (USD Billion)
    • 8.10 Europe Electric Bus Charging Station Market, by Power, 2022 – 2030
      • 8.10.1 Europe Electric Bus Charging Station Market, by Power, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Electric Bus Charging Station Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Electric Bus Charging Station Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Electric Bus Charging Station Market, by Charger, 2022 – 2030
      • 8.12.1 Asia Pacific Electric Bus Charging Station Market, by Charger, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Electric Bus Charging Station Market, by Type, 2022 – 2030
      • 8.13.1 Asia Pacific Electric Bus Charging Station Market, by Type, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Electric Bus Charging Station Market, by Power, 2022 – 2030
      • 8.14.1 Asia Pacific Electric Bus Charging Station Market, by Power, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Electric Bus Charging Station Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Electric Bus Charging Station Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Electric Bus Charging Station Market, by Charger, 2022 – 2030
      • 8.16.1 Latin America Electric Bus Charging Station Market, by Charger, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Electric Bus Charging Station Market, by Type, 2022 – 2030
      • 8.17.1 Latin America Electric Bus Charging Station Market, by Type, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Electric Bus Charging Station Market, by Power, 2022 – 2030
      • 8.18.1 Latin America Electric Bus Charging Station Market, by Power, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Electric Bus Charging Station Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Electric Bus Charging Station Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Electric Bus Charging Station Market, by Charger, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Electric Bus Charging Station Market, by Charger, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Electric Bus Charging Station Market, by Type, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Electric Bus Charging Station Market, by Type, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Electric Bus Charging Station Market, by Power, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Electric Bus Charging Station Market, by Power, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 ABB
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Furrer+Frey AG.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Siemens
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ALSTOM
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Heliox
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 PROTERRA
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Momentum Dynamics Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 ElectReon
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Liikennevirta Oy (Ltd.)
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments

List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • ABB
  • Furrer+Frey AG.
  • Siemens
  • ALSTOM
  • Heliox
  • PROTERRA
  • Momentum Dynamics Corporation
  • ElectReon
  • Liikennevirta Oy (Ltd.)
  • Others

FAQs

“Asia Pacific” region will lead the global Electric Bus Charging Station market during the forecast period 2022 to 2030.

The key factors driving the market are government support for the development of electric bus charging station and the surging popularity of Mobility as a Service (MaaS).

The key players operating in the Electric Bus Charging Station market are ABB, Furrer+Frey AG., Siemens, ALSTOM, Heliox, PROTERRA, Momentum Dynamics Corporation, ElectReon, Liikennevirta Oy (Ltd.).

The global Electric Bus Charging Station market is expanding growth with a CAGR of approximately 40% during the forecast period (2022 to 2030).

The global Electric Bus Charging Station market size was valued at USD 600 Million) in 2021 and it is projected to reach around USD 5800 Million by 2030.

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