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Battery Electric Buses Market Trends

  • Report ID: GMI9284
  • Published Date: Apr 2024
  • Report Format: PDF

Battery Electric Buses Market Trends

Battery electric buses industry is witnessing significant trends driven by rising partnerships and collaborations among leading companies. As the demand for electric buses grows, companies are forming strategic alliances to leverage each other's strengths and accelerate innovation. Collaborations between bus manufacturers, battery suppliers, and technology firms are becoming increasingly common, leading to the development of more advanced electric bus solutions.
 

Partnerships enable the integration of cutting-edge technologies such as fast-charging systems, lightweight materials, and advanced battery management systems. Moreover, joint ventures facilitate the establishment of charging infrastructure networks, addressing one of the key challenges in electric bus adoption. Overall, these partnerships are shaping the Battery Electric Buses market, driving technological advancements, and expanding the reach of electric buses in the transportation sector.
 

For instance, in April 2024, BMZ Poland and Daimler Buses, a battery systems expert, formed a strategic partnership to develop and supply the next generation of e-bus batteries. They aimed to enhance existing battery technology for electric buses in Europe, targeting customer deployment.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of battery electric buses reached USD 17 billion in 2023 and will grow at over 13.5% CAGR between 2024 and 2032, led by increasing environmental concerns.

The li-ion battery segment held over 47% of the market share in 2023, due to their high energy density and longer lifespan.

Asia Pacific held over 38% of the battery electric buses industry share in 2023, driven by rapid urbanization and increasing concerns about air pollution.

BYD, Yutong Group, Zhongtong Bus Holding Co., Ltd., CRRC Corporation Limited, Alexander Dennis Limited, New Flyer Industries Inc., Volvo Buses, and Daimler AG among others.

Battery Electric Buses Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 240
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