Growing at a 17.8% CAGR during the forecast period, the European electric bus charging station market is estimated to generate a revenue of $697.7 million by 2025. The inclusion of electric buses in the public fleet, implementation of government schemes and regulations favoring their usage, as well as the increasing investments in building electric bus charging infrastructure are driving the market growth.
Enormous inflows of investment for developing the charging station infrastructure are being witnessed by the European electric bus charging station market. Electric buses are being increasingly adopted in many countries as they have become affordable due to the implementation of different subsidy schemes. For instance, in 2018, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety of Germany created an $82.7 million fund to encourage public transport operators to invest in electric and plug-in electric buses.
Based on type, the European electric bus charging station market is subdivided into opportunity charging, depot charging, and others. The largest market share in terms of volume, in 2018, was held by the opportunity charging category. The ease of functioning offered by this type of charging is driving the category’s growth. These chargers not only reduce the downtime for charging, but also hasten the overall charging process, thereby resulting in the longer operating hours of the vehicle.
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Some of the prominent players in the European electric bus charging station market are Bombardier Inc., Schunk Carbon Technology, Ekoenergetyka-Polska Sp. z o.o., Heliox BV, Powerdale NV, and JEMA Energy SA.
