The Europe electric bus market is expected to exhibit a growth rate (CAGR) of 16.4% during 2023-2028. The rising environmental concerns, stringent regulations for reducing carbon dioxide (CO2) emissions, and expansion of charging infrastructure represent some of the key factors driving the market.
2. Report Description
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Report Description and Highlights
Global Keyword Market Outlook 2023-2028:
The latest report by IMARC Group, titled “Europe Electric Bus Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2023-2028”, provides a deep insight into the global augmented
reality gaming market.
Electric buses are a type of electric vehicle that operate using zero-emission electricity sources, such as
hydrogen fuel cells, overhead wires, or onboard batteries. They can be charged through various
methods, including regenerative braking, off-board chargers, storage battery banks, and solar panels.
Electric buses are equipped with components such as a velocity control unit, mono inverter, battery
management system, power steering alternator, air compressor, air conditioning and heating system,
and traction motor cooling system, among others. They work by transmitting a signal to the powertrain
system controller, which powers the high-voltage battery and converts stored chemical energy into
electrical energy. Due to their eco-friendliness, affordability, and low maintenance costs, electric buses
are gaining popularity over traditional buses throughout Europe.
4. Report Description
Report Description and Highlights
Global Keywords Market Trends:
The market is primarily driven by the rising awareness regarding the effects of air pollution on the
environment and human health. In addition, the surging need for electrified transit systems and eco-
friendly alternatives to internal combustion engine (ICE) buses due to the inflating costs of fossil fuels is
contributing to the market growth.
Moreover, the European government is implementing intense emissions policies to help cities and
communities with electric buses as a zero-emission solution to meet environmental objectives without
compromising transportation infrastructure, which acts as another major growth-inducing factor.
Furthermore, various innovations by key market players, including the launch of new, autonomous
pantograph chargers that allow faster charging, are also creating a positive market outlook.
Other factors, including the growing population, rising urbanization, and increasing adoption of electric
buses in educational institutions, are accelerating the product adoption rate across the region.
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5. Market Summary:
Breakup By Propulsion Type:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Breakup By Battery Type:
• Lithium-ion Battery
• Nickel-Metal Hydride Battery (NiMH)
• Others
Report Description
Report Description and Highlights
6. Breakup by Component:
• Software
• Hardware
Breakup by Device:
• Mobiles
• HMDs
• Smart Glasses
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2023-2028.
Report Description
Report Description and Highlights
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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients