Pure Electric Bus Expected to be the Fastest Growing Segment in the Electric Bus Market During 2016 - 2025: P&S Market Research

May 25, 2016, 08:30 ET from P&S Market Research

NEW YORK, May 25, 2016 /PRNewswire/ --

According to market research "Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2025 - Industry Insights by Technology (Series Parallel Hybrid Bus, Series Hybrid Bus, Parallel Hybrid Bus, Pure Electric Bus)" published by P&S Market Research, the global electric bus market is expected to grow at a CAGR of 20.9% in terms of volume during 2016-2025. Among the various technologies, the parallel hybrid bus segment accounted for largest share (43.6%) in the electric bus market in 2015.

     (Logo: http://photos.prnewswire.com/prnh/20150727/756778 )

Pure electric buses require battery for their operation, while hybrid electric buses use conventional fuel, along with an electric propulsion system. Hybrid electric buses accumulate energy, when the bus decelerates. The power stored in batteries of hybrid electric buses is used for forceful tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle's movement

Explore Full Market Research Report at: https://www.psmarketresearch.com/market-analysis/electric-bus-market

China accounted for the largest market share of electric bus, among the various countries in 2015. With newly built smart cities and modern infrastructure, China is giving significant attention to the emission free public transit system. The government of China offers subsidies on the purchase of emission free vehicles that has assisted the growth of the electric bus market in the country. China is expected to account for more than 50% share of the global electric bus market by the end of 2025. Currently, the average cost of controller is about $9,000 to $10,000, however by the end of 2025, the average price for controller is expected to increase by 10% to 20%.

Request for Sample Pages: https://www.psmarketresearch.com/market-analysis/electric-bus-market/report-sample

Across the value chain of electric bus market, the supplier-level cost for batteries and motors are expected to decline during the forecast period, which is expected to lower the overall manufacturing cost of electric bus during 2021-2025. However, the cost of controllers is likely to increase, due to a shift in propulsive power from diesel engine to electric motor. Therefore, it is expected to increase the complexity of power management in pure electric buses during the forecast period.

The regional electric bus players are expanding their market reach though organic expansion. BYD Company Limited has recently expanded its production base in Europe and North America. Solaris Bus and Coach S.A. launched articulated electric bus 'Urbino 18', in September 2014. EBUSCO launched EBUSCO 2.0, a new product under company's electric bus portfolio in the same month in 2014. The major players operating in the global electric bus market include, Zhengzhou Yutong Group Co. Ltd., AB Volvo, Shenzhen Wuzhoulong Motors Co. Ltd., FAW Group Corporation, King Long United, Automotive Industry Co. Ltd., Daimler AG, Alexander Dennis Limited, EBUSCO, Ashok Leyland Ltd., Solaris Bus & Coach S.A., BYD Company Limited, and Proterra Inc.

Global Electric Bus Market Segmentation 

By Technology 

  • Series Parallel Hybrid
  • Series Hybrid
  • Parallel Hybrid
  • Pure Electric


By Region 

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Russia
    • Germany
    • France.
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Rest of RoW

Explore Other Market Market Research Reports by P&S Market Research 

Electric Vehicle (EV) Charging Station Market - https://www.psmarketresearch.com/market-analysis/electric-vehicle-charging-station-market

Intelligent Transportation System (ITS) Market - https://www.psmarketresearch.com/market-analysis/intelligent-transportation-system-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Assistant - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

SOURCE P&S Market Research