E-bus Charging Infrastructure Market : An Insight On the Important Factors and Trends Influencing the Market 2021-2031

 

E-bus Charging Infrastructure Market: Introduction

• Buses are the dominant form of public transport and hence, they continue to witness technological transformation in terms of energy-efficiency, passenger comfort, and emission control
• Electric buses or e-buses are witnessing high rate of adoption across the globe, which in turn is fueling the e-bus charging infrastructure market
• The size of battery in e-buses is considerably huge and hence, automakers have shifted the location of chargers from on-board to external. E-bus charging can be performed at depot, bus stops, or road-side charging stations.

Key Drivers of E-bus Charging Infrastructure Market

• Rise in urbanization across developing and developed countries is boosting the demand for public transportation systems. Buses serve as an integral part of public transportation systems for any city or state. However, operation and maintenance of conventional I.C engine powered buses is expensive, which hampers the revenue of bus fleet operators. As an alternative to these conventional buses, e-buses have been gaining significant popularity in the last few years. Efficiency of an electric drive provides better savings to bus fleet operators, and it also significantly increases comfort during the ride due to its smooth and silent operation. Consequently, several municipalities, government transport agencies, schools, and private companies are incorporating electric buses in their fleets. This rise in number of on-road electric buses has boosted the global e-bus charging infrastructure market.
• Utility companies and government agencies are striving to drive the adoption of electric buses by modifying tariff plans for charging of e-buses and investing in the development of charging infrastructure. In October 2020, the Government of Canada allocated US$ 1.5 billion to accelerate the adoption of zero-emission buses and development of charging infrastructure. Numerous utility companies including Dominion Energy in Virginia and Portland General Electric in Oregon, U.S. are assisting adoption of electric buses by modifying tariff rates. These efforts by utility companies and government agencies are propelling the global e-bus charging infrastructure market.

Challenges in E-bus Charging Infrastructure Market

• Issues associated with thermal management due to overheating of vehicle batteries in fast charging solutions are posing challenges to the global e-bus charging infrastructure market. Moreover, the high cost associated with establishing charging infrastructure, which would support full-fledged operation of e-buses, is another factor hampering the e-bus charging infrastructure market.

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Opportunities in E-bus Charging Infrastructure Market

• Manufacturers of e-bus charging solutions are focusing of the innovation of new offerings, which is estimated to reduce the charging time of e-buses and can charge the e-buses on their routes itself. For instance, Alstom has developed a conductive ground-based static charging system for e-buses, which is projected to be installed inside the road surface and can charge the bus through a current collector shoe. Likewise, the pantograph charging solutions eliminate the need for riding the bus to the depot for charging. These new solutions are anticipated to propel the e-bus charging infrastructure market in the near future.

Impact of COVID-19 pandemic on E-bus Charging Infrastructure Market

• The recent outbreak of COVID-19 pandemic decreased the sales and production of electric vehicles. This pandemic has also created hesitation among people to use public transportation due to fear of getting infected which has slowed down the pace of e-bus sales and charging infrastructure development activities. However, as the restrictions have been eased in several nations and industries are returning back to normal operations, the e-bus charging infrastructure market is anticipated to gain momentum in next few years.

North America and Europe hold Significant Share of Global E-bus Charging Infrastructure Market

• North America and Europe accounted for a significant share of the global e-bus charging infrastructure market, as government agencies are increasingly adopting e-buses to reduce air pollution and are partnering with private firms to develop e-bus charging infrastructure. For instance, ABB was awarded a contract of US$ 16 million by Geneva’s public transport operator to provide 13 flash-charging stations along an urban transit bus route.