APAC Dominates Global Electric Bus Market, Informs P&S Market Research in Its Insightful Research Study Available at MarketPublishers.com27 Jun 2017 • by Natalie Aster
LONDON – Today, the policy makers of different countries are focused on the development of public transit infrastructure with low or at all no pollution in order to tackle the enhancing concerns associated with air pollutant emissions. This problem is extremely essential in densely-populated cities. the developed countries are gradually replacing their existing transit based on diesel or natural gas to zero emission busses. Therefore, driven by surging urbanization, declining operating cost of electric buses, and rising interest towards novel energy vehicles, the world’s electric bus market is predicted to increase at a tremendous CAGR of 33.5% through 2025.
Dominated by China, APAC captured the biggest share of total shipments in the world’s electric bus market in the past year. China’s electric bus market will likely increase significantly through 2025. India’s government has also shown increasing interest towards adoption of electric buses.
The insightful research report “Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2025 - Industry Insights by Technology, by Size” worked out by P&S Market Research gives a detailed guide to the global market for electric buses as well as uncovers updated info on the market performance. Furthermore, this report gives relevant data on the market segmentation, dynamics and major growth influencing factors; discusses the prevailing trends, emerging opportunities and major challenges; and also delves into competitive landscape. The report includes value chain analysis and Porter’s five forces analysis, explores the actual situation across the key geographical markets for electric buses. Additionally, a future outlook through 2025 is also at hand.
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