Europe Electric Bus Charging Station Market Drivers, Opportunities, and Trends in Coming Years

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The European electric bus charging station market is predicted to generate a revenue of $697.7 million by 2025, increasing from $221.2 million in 2018, progressing at a 22.4% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into opportunity charging, depot charging, and others, out of which, the opportunity charging division held the major share of the market in 2018. These chargers facilitate reduced downtime for charging, expedite the overall charging process, and have easy functioning.



When charger is taken into consideration, the market is bifurcated into on-board and off-board chargers, between which, the off-board bifurcation accounted for the larger share of the market in 2018. The bifurcation is further projected to hold the major share of the market during the forecast period, as these chargers aid in reducing the weight of the vehicles, which, in turn, allows for rapid charging at higher power levels. These chargers are further preferred owing to their vehicle-to-grid reactive power capability.

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Geographically, the U.K. dominated the European electric bus charging station market, in terms of volume. The country is widely focusing on the establishment of a green mobility solution, and is accelerating the electrification of public transport. Moreover, the rate of adoption of electric buses is considerably in the country, owing to the support that is being offered by the government in the form of non-financial and financial incentives for procuring these vehicles and for developing related infrastructure. 

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In conclusion, the market is being driven by the growing adoption of electric vehicles and increasing government support.  

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