Status : Published | Published On : Nov, 2024 | Report Code : VRAT4060 | Industry : Automotive & Transportation | Available Format : | Page : 104 |
The Europe Electric Bus Charging Station Market in 2023 is USD 0.68 Billion and is projected to reach USD 2.61 Billion by 2030, registering a CAGR of 8.4% during the forecast period. Supporting government initiatives and schemes, and growing investment towards charging station infrastructure, propelling the growth of the market.
The electric bus charging station market in Europe is experiencing significant growth that is driven by the decarbonization of public transport, region's commitment to sustainability, and the increasing adoption of electric vehicles (EVs). The transition to electric buses is seen as a crucial step in reducing urban pollution, improving air quality, and achieving Europe’s ambitious climate goals.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 0.68 Billion |
Revenue Forecast in 2030 |
U.S.D. 2.61 Billion |
Growth Rate |
8.4%% |
Segments Covered in the Report |
By Charger, By Type and By Power, |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
U.K.,Germany, France, Spain, Netherlands, Sweden, Poland, Belgium, Rest of Europe |
Europe Electric Bus Charging Station Market Industry Dynamics
Europe Electric Bus Charging Station Market Trends / Growth Drivers
European electric bus charging station market has been driven by several key factors, predominantly increasing government funding schemes, and increasing government plans for electrification of public transport. In European Union, governments are undertaking key initiatives to opt for green energy-driven vehicles. The policies related to electric buses in EU are mainly focused on technological optimization and market development. The project developed prototypes to connect the islands of electromobility existing at the time of the project start. An overarching ICT architecture was defined and standards, especially for ICT interfaces, were set. New business models for public charging infrastructure were analyzed and ways are shown for its optimized integration into the grid. This, in turn, is expected to benefit the European electric bus charging station market in the near future.
Europe Electric Bus Charging Station Market Challenges
Key factors hindering the growth of the European electric bus charging station market are high installation cost and high maintenance cost of an electric bus charging station.
Europe Electric Bus Charging Station Market Segmentation
VynZ Research provides an analysis of the key trends in each segment of the Europe Electric Bus Charging Station Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on charger, type, and power.
Market Segmentation
Insight by Charger
On the basis of chargers, the European electric bus charging station market is categorized into off-board and on-board chargers, wherein the off-board category accounted for a larger share in 2023 in terms of volume. The category is expected to lead throughout the forecast period. Electric bus manufacturers are able to reduce the weight of the buses and makes them lighter, with the help of off-board station. This will result in fast charging at higher power levels.
Insight by Type
On the basis of type, the European electric bus charging station market is divided into depot charging, opportunity charging, and others. Among these categories, the opportunity charging category accounted for the largest share in 2023 in terms of sales volume. However, the depot charging category is expected to witness the fastest growth during the forecast period due to the increasing preference for overnight charging buses among private and public agencies.
Insight by Power
Based on power, the European electric bus charging station market is categorized into less than 50 kW, 50–150 kW, 151–450 kW, and more than 450 kW. Of all, the less than 50 kW category accounted for the largest share in 2023 in terms of volume. However, the more than 450 kW category is expected to witness the fastest growth during the forecast period. This is attributed to the increasing demand for rapid charging of electric buses.
Europe Electric Bus Charging Station Market : Geographic Overview
Geographically, the U.K. electric bus charging station market accounted for the largest share in 2020 in terms of volumes. This is attributed to the increasing adoption rate of electric vehicles, government support schemes for the adoption of electric vehicles, and for developing infrastructure related to electric vehicles including charging stations.
Europe Electric Bus Charging Station Market Competitive Insight
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The Europe Electric Bus Charging Station Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Source: VynZ Research
Source: VynZ Research
Europe Electric Bus Charging Station Market