Electric Bus Market grow at 28.8% CAGR in terms of volume 2020: Research StudyPosted by Vikas Bahurupi on November 17th, 2018 Introduction It is no secret that Electric bus market are yet to find their full-fledged service models in transit systems. Most conventional buses run on CNG and diesel powered engines, however, growing concerns over global warming and rising levels of pollution have favored the cause of electric types. Electric types are available in three different modules hybrid electric, plug-in hybrid electric and pure electric. Hybrid and plug-in hybrids have a similar working model as both use electric propulsions along with conventional fuel, while pure electrics run only on batteries and use no conventional fuel. In addition, leading automotive manufacturers are extending business units dedicated to making and developing efficient electronic vehicles. The global electric bus market is estimated to account for 33,854 units in terms of volume, and register a CAGR of 28.0% over the forecast period, 2014-2020. Plugins for an Electric Bus Market The technology used in Electric Bus Market will need more enhancements and upgrades before they could take over the reins from the conventional models. The present transit systems around the world heavily dependent on busses running on diesel and CNG engines, although, a portion of it is slowly shifting towards greener transit solutions. For instance, recently the government of Switzerland promoted the use of greener transit models and is planning to launch electronic buses to its municipal service including setting ups of charging stations for the buses. Sample PDF Available | Request @ https://www.researchreportinsights.com/report/sample/110114667/Electric-Bus-Market Operational obstacles Novelty in technology Low Adoption Rate in Developing Countries The high cost of Electric Bus Market makes it difficult for their widespread adoption. Pollution levels are rising all across the globe, however, for developing countries, it is more challenging to deal with the problem owing to limited funding and low financial aid. In recent years, the region of Asia Pacific has recorded high levels of air pollution, especially in countries such as China and India. While China takes strong measures for controlling the excessive carbon emission in the country by introducing greener transit systems, other developing countries in the region are a still reflecting sluggish approach to the matter. Report Analysis@ https://www.researchreportinsights.com/report/rd/110114667/Electric-Bus-Market Conclusion The demand for Electric Bus Market is expected to gain traction in the coming years. Innovation and advanced technological solutions are expected to support the market growth. In addition, North America and Europe are showing healthy adoption of the Electric Bus Market in the region. Key Market Players EBUSCO, Alexander Dennis, Daimler, Ashok Leyland, Proterra, AB Volvo, and BYD Company limited are some key players that operate in the global electric bus market. About Us: (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends. Our research services cover global as well as regional emerging markets such as BRICS, GCC, and ASEAN. Our offerings cover a broad spectrum of verticals which include Oil and Gas, Chemicals, Materials, Energy, Technology, Automotive, and Retail. The operating model of RRI blends cross-disciplinary research experience to deploy insightful, in-depth, and actionable research. Contact Us: Research Report Insights 42 joseph street, Portcarling P0B 1J0, Muskoka, Ontario T: +1-631-721-4201 Like it? Share it!More by this author |