Electric bus (vehicle) charging station is also recognized as Electric Vehicle Supply Equipment (EVSE). It is a device that connects the electric vehicle to the source of electricity in order to recharge the battery of electric vehicle. Charging stations include wired charging and wireless charging, which is depend on the vehicle type. EVSE can be installed at malls, at municipality-operated charging stations, at home, at private charging stations, and beside roads. Continuous research & development (R&D) have resulted in the development of chargers that can charge the buses at a rapid pace. Based on speed of charging, chargers are classified into various levels. Level 1 charger is basic charger, which has very slower speed of charging. DC chargers or level 3 chargers are extensively being used due to their rapid charging ability.
Referring to the study, “Europe Electric Bus Charging Station Market: Market Segments: ByType (Depot Charging, Opportunity Charging);By Power (<50 kW, 50–150 kW, 150–450 kW, >450 kW);By Charger (Off-Board, On-Board); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030”. The key companies operating in the Europe electric bus charging station market are Ekoenergetyka-Polska Sp. z o.o., Bombardier Inc., JEMA Energy S.A., Schunk Carbon Technology, Heliox B.V., Powerdale NV.
Based on type, Europe electric bus charging station market is segmented as opportunity charging and depot charging. The depot charging segment is projected to witness the highest growth owing to increase in preference of public & private agencies toward the overnight charging buses, as they have more similar operational distinctiveness to a diesel bus during the forecast period. Based on power, market is segmented as <50 kW, 50–150 kW, 150–450 kW and >450 kW. Based on charging station type, market is segmented as normal charging, inductive charging, super charging and others. Based on application, market is segmented as public and private. In addition, based on charger, market is segmented as on-board charger and off-board charger.
The Europe electric bus charging station market is driven by rise in demand for increasing vehicle range per charge, followed by heavy investments from automakers in electric buses, rise in uptake of electric buses in the public fleet, environmental pollution treated as an alarming issue and increase in government policies & subsidies. However, high initial cost of electric buses, lack of standardization in charging infrastructure and stringent rules for installation of charging stations may impact the market. Moreover, electric buses charging stations powered by renewable sources and increase in use of Vehicle-To-Grid (V2G) electric vehicle charging stations for electric vehicles are key opportunities for market.
Based on geography, the Europe electric bus charging station market is segmented as U.K., the Netherlands, Germany, Lithuania, Poland, Sweden, Austria, Belgium, Spain, and France. Europe Electric Bus charging station Market in Germany dominates the market owing to growth in focus on establishing the green mobility solution for accelerating the electrification of its public transit fleets and faster adoption rate of electric vehicles in the U.K, supported by their government in form of financial & non-financial incentives. It is expected that future of the Europe electric bus charging station market will be optimistic as a result of rapid increase in adoption of electric vehicle during the forecast period.
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Europe Electric Bus Charging Station Market Research Report
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