World News: 15:06 GMT Friday 11th January 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Jan. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The U.S. electric bus charging station market is projected to reach $221.5 million by 2025, the growth of the market is majorly driven by the increasing demand of electric buses by local transit agencies coupled with government favourable funding schemes to develop charging infrastructure in the country. Local governments with the help of federal and state governments, are integrating electric buses into their municipal or public transit fleets. Such procurement initiatives are expected to drive the U.S. electric bus market which in turn will benefit the electric bus charging station market in the country.Most of the decisions of purchasing electric buses are made at the federal or state government level. The U.S. government has a strong commitment to increase the share of electric buses in the transportation system of the country. The Federal Transit Administration (FTA), an agency within the U.S. Department of Transportation (DOT), published a notice of funding opportunity (NOFO) announcing a competitive funding under the Low- or No-Emission Grant program. The program funds will offer financial assistance for the purchase or leasing of low- or zero-emission vehicles that incorporate advanced technologies, including related equipment or facilities which are expected to benefit the U.S. electric bus charging station market.The U.S. had around 70,000 buses in public fleet in 2017. These old conventional fuel-based buses are expected to be replaced by new electric ones during the forecast period. Large fleet of old conventional buses in the country provides considerable opportunity for the electric bus sales in the country. Such procurement and replacement initiatives are expected to drive the U.S. electric bus market which in turn will benefit the electric bus charging station market in the country.The U.S. electric bus charging station market is still in its nascent phase, with a few players operating within the country. Some of the major players in the market are ABB Ltd., Siemens Mobility GmbH, Proterra Inc., Advanced Vehicle Manufacturing (AVM) Inc., and APT Controls Ltd. 1.1 Research Objectives1.2 Market Definition1.3 Research Scope1.4 Key Stakeholders2.1 Secondary Research2.2 Primary Research2.3 Market Size Estimation2.4 Data Triangulation2.5 Assumptions for the Study4.1 Definition of Market Segments4.1.1 By Product126.96.36.199 Plug-in charging188.8.131.52 Pantograph charging184.108.40.206 Inductive charging4.1.2 By Connector220.127.116.11 J17718.104.22.168 CCS22.214.171.124 Others4.1.3 By Charger126.96.36.199 Off-board188.8.131.52 On-board4.1.4 By Charging184.108.40.206 Fast charging220.127.116.11 Slow charging4.2 Value Chain Analysis4.2.1 Electric Bus Charging Station Funding Sources in U.S.4.3 Market Dynamics4.3.1 Trends18.104.22.168 Growing emergence of wireless charging systems4.3.2 Drivers22.214.171.124 Government schemes and regulations126.96.36.199 Growing demand for electric buses increases the deployment of electric bus charging stations188.8.131.52.1 Falling battery costs and improving operational efficiencies184.108.40.206.2 Increasing replacement sales220.127.116.11 Impact analysis of drivers on market forecast4.3.3 Restraints18.104.22.168 High cost of equipment and installation22.214.171.124 Lack of standardization126.96.36.199 Impact analysis of restraints on market forecast4.3.4 Opportunities188.8.131.52 Up surging requirement of electric bus charging stations in private establishments4.4 Porter's Five Forces Analysis4.4.1 Bargaining power of buyers4.4.2 Bargaining power of suppliers4.4.3 Threat of new entrants4.4.4 Intensity of rivalry4.4.5 Threat of substitutes5.1 By Product5.2 By Connector5.3 By Charger5.4 By Charging6.1 Electric Buses in Service And on-order by State8.1 Electric Buses8.1.1 Overview8.1.2 Incentive Schemes and Programs184.108.40.206 Alabama220.127.116.11 California18.104.22.168 Colorado22.214.171.124 Maryland126.96.36.199 Massachusetts188.8.131.52 Minnesota184.108.40.206 Missouri220.127.116.11 Nevada18.104.22.168 New York22.214.171.124 Ohio126.96.36.199 Pennsylvania188.8.131.52 Rhode Island184.108.40.206 Texas220.127.116.11 Utah18.104.22.168 Virginia22.214.171.124 Washington8.2 Electric Charging infrastructure8.2.1 Overview8.2.2 Incentive Schemes and Programs126.96.36.199 Arkansas188.8.131.52 California184.108.40.206 Connecticut220.127.116.11 Delaware18.104.22.168 District of Columbia22.214.171.124 Georgia126.96.36.199 Maryland188.8.131.52 New York184.108.40.206 Oklahoma220.127.116.11 Pennsylvania18.104.22.168 Rhode Island22.214.171.124 Virginia126.96.36.199 Washington8.3 Electric Bus Projects in the Pipeline9.1 Market Share Analysis of Key Players9.2 Competitive Analysis of Key Players9.3 Strategic Developments of Key Players
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Related Topics: Commercial Vehicles, Electric and Hybrid Vehicles
Globe Newswire: 15:06 GMT Friday 11th January 2019
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