About Electric Bus & Hybrid Bus
Electric Bus and Hybrid Bus is defined as the type of buses which is operated by battery and electric charging. The hybrid bus are the bus which is operated by the battery as well as diesel or fuel. The hybrid electric bus are increasing rapidly in developed countries. Electric Bus and Hybrid Bus is boosted by an electric motor and a conventional internal combustion engine that is smaller than usual. To improve efficiency, the battery-powered electric motor allows the combustion engine to operate at peak efficiency. An Electric Bus and Hybrid Bus is one whose propulsion and accessory systems are entirely powered by zero-emissions electricity. On-board batteries, a hydrogen-fuel cell, overhead wires, as in a trolleybus application, or ground-based non-contact conductors can be used as the power source. An Electric Bus and Hybrid Buses one that combines traditional internal combustion engine propulsion with electric propulsion. These buses, also known as hybrid Diesel-electric buses, typically use a Diesel-electric powertrain.
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The Global market of Electric Bus and Hybrid Bus is included more number of player which are provide high number of services so the global market are less competition. In worldwide market of Electric Bus and Hybrid Bus the presented companies follow the new launch or innovation of product for increasing their revenue and growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Bus & Hybrid Bus market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BYD (China), Yutong (China), Proterra (China), VDL Group (Netherlands), AB Volvo (Sweden), NZ Bus Ltd. (New Zealand), Alexander Dennis (United Kingdom), Azure Dynamics Corporation (United States), Kinetic (Australia) and New Flyer Industries (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tata (India), Orion Bus Industries (United States) and North American Bus Industries (United States).
AMA Research has segmented the market of Global Electric Bus & Hybrid Bus market by Type (Plug In hybrid, Tribrid Bus and Others), Application (Intra-City, Inter-City, Staff, School and Tarmac) and Region.
On the basis of geography, the market of Electric Bus & Hybrid Bus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Battery will boost the Electric Bus & Hybrid Bus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicles Type , the sub-segment i.e. Light Duty electric will boost the Electric Bus & Hybrid Bus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Electric Bus & Hybrid Bus Market Dynamics:
- Mounting Demand for Zero-Emission
- Expanding Mandate for Energy-Efficient Mass Transportation Solutions
- Modern Technology and Rapid Evolution in Bus Industry
- High Cost for Manufacturing
- Take a More Time for Complete Charge
|Road Blocks / Challenges|
- Less Battery Capacity
- Required Lot of Electricity
|Gaps & Opportunities|
- Increases Government Investment in Electrification for Public Transportation
Market Leaders and their expansionary development strategies
On 14 March 2022 Kinetic announces acquisition of NZ Bus Ltd. With the acquisition of NZ Bus Ltd, Kinetic has become the largest operator of battery electric buses in Australasia, and one of the largest globally. Under Kinetic ownership, NZ Bus will deliver at least 200 electric buses as part of its contracts in Auckland and Wellington, with significant investment in depot conversion and electric charging infrastructure
On 19 June 2022 Switch Mobility launches new electric bus. According to the company, this next-generation E-Bus will meet the needs of India's burgeoning bus market, backed by over ten years of EV expertise. These electric buses will be available in two variants: EiV 12 low floor and EiV 12 standard, and will provide best-in-class reliability, range, and comfort. In addition, the company announced that it has received over 600 orders for its newest electric buses. The EiV bus series was created to meet the needs of customers in a variety of applications, including intra-city, inter-city, staff, school, and tarmac, while providing maximum passenger capacity and comfort. The buses also make use of a new generation of extremely efficient, modular batteries with superior lithium-ion NMC chemistry that have been specifically designed for the Indian market and climate.
Key Target AudienceElectric Bus and Hybrid Bus manufacture, Vendor and Supplier, Investor, Automotive Industry, New Entrance and Government Bodies
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.