U.K. Electric Bus Charging Station Market Report by P&S Intelligence

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U.K. Electric Bus Charging Station Market Trends
and Growth Forecast to 2025
From valuing 13.3 million in 2018, the U.K.
electric bus charging station market is expected
to garner 95.5 million in revenue by 2025,
registering a 30.7 CAGR during the forecast
period (2019-2025).
The major factors having a positive influence on
the market are the inclusion of electric buses in
public fleet and the increase in government
initiatives in popularizing these buses and
providing the required infrastructure. Charging
stations, also known as electric recharging
points that are used to recharge an electric
bus's batteries are termed as electric bus
charging stations. Based on type, the
classifications of the U.K. electric bus charging
station market are opportunity and overnight
chargers. Request to Get the Sample Report_at_
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k-electric-bus-charging-station-market/report-samp
le In 2018, with more than 95.0 sales volume,
the market was led by overnight chargers due to
their popularity among public and private
transport agencies for charging buses overnight
as these buses have larger batteries to operate
over longer distances. Further, the falling
prices of batteries have also contributed in
their demand as they are now competitively priced
with opportunity charging buses. On the basis of
power, the electric bus charging station market
in UK is categorized into lt50 kW, 50150 kW, and
gt150 kW. The largest market share in 2018 was
held by the lt50 kW category.
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The main reason behind the popularity of these
chargers was their cost compared to chargers of
higher power ranges. In the forecast period, the
highest CAGR is projected to be witnessed by the
gt150 kW category. This can be credited to the
rising demand for larger batteries, which would
take longer to charge, thereby driving the demand
for more powerful chargers. The major opportunity
for growth for the U.K. e-bus charging station
market lies in the surging demand for wireless
charging of electric buses. Even though the
initial installation cost of wireless charging
infrastructure is high, these charging systems
are becoming popular among users. A depot charger
takes about 4-8 hours for charging the battery of
an electric bus, whereas a conductive charger
only takes 5-7 minutes to charge the same
battery. This particular type of charger uses
cordless technique and can effectively decrease
the off-road time while traveling. Therefore, the
market for electric bus charging station in the
country is headed toward a bright future in the
forecast period amidst rising environmental
concerns.