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 Product184.108.40.206 Plug-in charging220.127.116.11 Pantograph charging18.104.22.168 Inductive charging4.1.2 By Connector22.214.171.124 J177126.96.36.199 CCS188.8.131.52 Others4.1.3 By Charger184.108.40.206 Off-board220.127.116.11 On-board4.1.4 By Charging18.104.22.168 Fast charging22.214.171.124 Slow charging4.2 Value Chain Analysis4.2.1 Electric Bus Charging Station Funding Sources in U.S.4.3 Market Dynamics4.3.1 Trends126.96.36.199 Growing emergence of wireless charging systems4.3.2 Drivers188.8.131.52 Government schemes and regulations184.108.40.206 Growing demand for electric buses increases the deployment of electric bus charging stations220.127.116.11.1 Falling battery costs and improving operational efficiencies18.104.22.168.2 Increasing replacement sales22.214.171.124 Impact analysis of drivers on market forecast4.3.3 Restraints126.96.36.199 High cost of equipment and installation188.8.131.52 Lack of standardization184.108.40.206 Impact analysis of restraints on market forecast4.3.4 Opportunities220.127.116.11 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 Programs18.104.22.168 Alabama22.214.171.124 California126.96.36.199 Colorado188.8.131.52 Maryland184.108.40.206 Massachusetts220.127.116.11 Minnesota18.104.22.168 Missouri22.214.171.124 Nevada126.96.36.199 New York188.8.131.52 Ohio184.108.40.206 Pennsylvania220.127.116.11 Rhode Island18.104.22.168 Texas22.214.171.124 Utah126.96.36.199 Virginia188.8.131.52 Washington8.2 Electric Charging infrastructure8.2.1 Overview8.2.2 Incentive Schemes and Programs184.108.40.206 Arkansas220.127.116.11 California18.104.22.168 Connecticut22.214.171.124 Delaware126.96.36.199 District of Columbia188.8.131.52 Georgia184.108.40.206 Maryland220.127.116.11 New York18.104.22.168 Oklahoma22.214.171.124 Pennsylvania126.96.36.199 Rhode Island188.8.131.52 Virginia184.108.40.206 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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