US Electric Bus Charging Station Market - Market Size, Share, Development, Growth & Demand Forecast, 2019-2025 - ResearchAndMarkets.com

DUBLIN--()--The "U.S. Electric Bus Charging Station Market by Product, by Connector, by Charger, by Charging - Market Size, Share, Development, Growth, and Demand Forecast, 2016 - 2025" report has been added to ResearchAndMarkets.com's offering.

The market generated revenue of $20.9 million, in 2018, which is expected to grow at a CAGR of 37.1% during 2019-2025 (forecast period) to $184.5 million in 2025.

The key drivers for the U.S. electric bus charging station market are favorable government schemes and regulations and the rising demand for electric buses. Alternatively termed charge points, electric recharging points, and electric vehicle supply equipment (EVSE), such stations are used to charge battery electric buses (BEB) and plug-in hybrid electric buses (PHEV).

When segmented by charger, the market is bifurcated into off-board and on-board chargers, of which off-board was the dominating bifurcation during the historical period (2017-2018). This was due to the fact that such chargers help in reducing the weight of the vehicle, thereby resulting in faster charging. Such infrastructure is also favored due to its vehicle-to-grid reactive power capabilities, which is why it would continue being the larger category throughout the forecast period.

The growing installation of wireless charging infrastructure is the key trend in the U.S. electric bus charging station market currently. Through this system, the weight of the bus can be curbed further, as the electricity is transferred from the EVSE to the vehicle cordlessly. Further, these systems lead to an improvement in the electric bus efficiency as well as the driver's experience. Owing to their increasing popularity, several advanced cordless EVSEs are being developed, which can charge the battery via inductive systems.

The U.S. electric bus charging station market growth is a direct result of the favorable policies of various state governments in the country. Grants, tax rebates, and subsidies are being provided for the installation of charging infrastructure as well as procurement of buses. For instance, the Federal Transit Administration, under the U.S. Department of Transportation, announced grants of $85 million through the Low- or No-Emission Grant program, for alternative-fuel buses and EVSE deployment. Additionally, the federal government is also collaborating with charging station providers and bus manufacturers, in this regard.

The rising requirement for electric buses is automatically pushing the installation rate of the charging infrastructure. In the country, buses are used for public and military transport purposes, and most of the vehicles are purchased by the government at the federal and state levels, with city and county governments also stepping up efforts. For example, the city of Columbus, in Ohio, has decided to procure 200 electric buses and charging stations for public transit. Similarly, Louisville, in Kentucky, plans to increase the number of electric buses in its fleet to 15.

Another major growth driver for the U.S. electric bus charging station market is the fall in the prices and augmentation in the efficiency of batteries. The price of bulk battery orders reduced to around $333/kWh in 2018 from around $1,000/kWh in 2010. Batteries make up for up to 40% of the electric bus cost, therefore the falling battery prices allow automakers to decrease the purchase cost of the vehicles, which is further leading to their high adoption. This is having a direct positive effect on the installation of charging infrastructure across the country.

Therefore, with the federal, state, and municipal governments doing their bit to increase the share of electric buses in their fleet, the demand for EVSE would continue to grow in the U.S.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Product

1.3.2 Market Segmentation by Connector

1.3.3 Market Segmentation by Charger

1.3.4 Market Segmentation by Charging

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.3.6.1 Volume

1.3.6.2 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.2 Drivers

4.3.3 Restraints

4.3.4 Opportunities

4.4 Porter's Five Forces Analysis

Chapter 5. U.S. Market Size and Forecast

5.1 By Product

5.2 By Connector

5.3 By Charger

5.4 By Charging

Chapter 6. U.S. Electric Bus Market Size and Forecast

6.1 Electric Buses in Service and On-Order by State

Chapter 7. Major Electric Bus Deployment Initiative in U.S.

7.1 Major Electric Bus Deployment Initiatives

Chapter 8. Policy and Regulatory Landscape for Electric Bus

8.1 Electric Buses

8.1.1 Overview

8.1.2 Incentive Schemes and Programs

8.2 Electric Charging infrastructure

8.2.1 Overview

8.2.2 Incentive Schemes and Programs

8.3 Electric Bus Projects in the Pipeline

Chapter 9. Competitive Landscape

9.1 Market Share Analysis of Key Players

9.2 Competitive Analysis of Key Players

9.3 Strategic Developments of Key Players

Chapter 10. Company Profiles

10.1 ABB Ltd.

10.2 APT Controls Ltd.

10.3 Heliox B.V.

10.4 Siemens Mobility GmbH

10.5 Proterra Inc.

10.6 Advanced Vehicle Manufacturing Inc.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900