Hyderabad, Aug. 16, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Bus Pantograph Charger Market Report (2023-2028)," the market is estimated at USD 2.23 billion in 2023. It is expected to register a CAGR of 24.65% during the forecast period.
A pantograph is a standard way to charge battery electric buses. It helps make automated contact between the bus and the charging infrastructure. A pantograph can either be mounted on the roof of an electric bus and lifted, or it can be mounted on the charging infrastructure and moved downward.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 2.23 billion |
| Market Size (2028) | USD 6.71 billion |
| CAGR (2023-2028) | 24.65% |
| Study Period | 2018-2028 |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape, and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The growing adoption of electric buses. |
| Investments in improving charging infrastructure. |
Who are the Top Companies in the Bus Pantograph Charger Market?
The bus pantograph charger market is moderately consolidated and represents several international and domestic players. The major players are adopting strategies like product innovation, joint ventures, acquisitions, and product launches.
Significant players in the bus pantograph charger market are,
- ABB Ltd
- Schunk Transit Systems GmBH
- Wabtech Corporation
- Siemens Mobility
- Vector Informatik GmbH
- SETEC Power
- SCHUNK GmbH & Co. KG
- Valmont Industries Inc.
- Comeca Group
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Key Highlights from the Bus Pantograph Charger Market Report:
Growing Government Focus on Eco-friendly Buses
- The EPA and NHTSA in the United States are focused on implementing the SAFE vehicles rule, which is expected to establish corporate average fuel economy and greenhouse gas emission standards for vehicles.
- The Indian government wants to electrify 30% of its vehicle sales by 2030. The FAME program is expected to electrify public and shared transportation in India.
North America to Witness Fastest Growth
- North America is witnessing several government initiatives and the growing popularity of electric school buses by governments and municipalities.
- The Canadian government is working to build a net-zero emissions transportation industry due to the increasing transition to electric mobility.
What are the Latest Developments in the Bus Pantograph Charger Market?
- In August 2022, First Bus ordered 193 electric buses from Northern Irish bus manufacturer Wrightbus.
- In May 2022, San Diego Metropolitan System began construction of an overhead electric bus charging system to charge 24 electric buses simultaneously.
Mordor Intelligence has Segmented the Bus Pantograph Charger Market Based on Charging Type, Component Type, Charging Infrastructure Type, and Geography:
- By Charging Type (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Level 1
- Level 2
- Direct Current Fast Charging
- By Component Type (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Hardware
- Software
- By Charging Infrastructure Type
- Off-board Top-down Pantograph
- On-board Bottom-up Pantograph
- By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- South Korea
- Japan
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- North America
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Bus Pantograph Charger Market Report (2023-2028).
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About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
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