Market Overview:
The global battery of EV bus and heavy duty trucks market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, especially buses and heavy duty trucks, due to their low emissions and fuel efficiency. In addition, government initiatives promoting the use of electric vehicles are also contributing to the growth of this market. The global battery of EV bus and heavy duty truck market can be segmented by type into BEV, PHEV, and FCEV. The BEV segment is expected to account for the largest share of this market in 2018 owing to its high adoption rates across all regions. However, the PHEV segment is projected to grow at a higher CAGR during the forecast period as it offers better performance than BEVs with respect to range anxiety and charging time. The global battery of EV bus and heavy duty truck market can also be segmented by application into EVs buses and heavy-duty trucks. The EVs buses segment is expected account for a larger share than that Heavy Duty Trucks (HDT) in terms revenue generated throughoutthe forecast period .
Product Definition:
A battery of EV bus and heavy duty trucks is a collection of batteries that work together to power a vehicle. They are important because they provide the power needed to move the vehicle and allow it to run emissions-free.
BEV:
Battery Electric Vehicle (BEV) is a type of electric vehicle that uses chemical energy stored in rechargeable battery packs to power the vehicle. BEVs are distinguished from hybrid electric vehicles, which use a combination of fuel and electricity; and plug-in hybrid electric vehicles, which can be charged using an external source of electricity as well as with fossil fuels.
PHEV:
Plug-in Hybrid Electric Vehicle (PHEV) is a hybrid electric vehicle that uses both electricity and fossil fuels. It has a small internal combustion engine which can power the vehicle in case of no external source of energy. PHEVs have more than one power source, i.e., they use both battery and fuel at the same time to generate electricity for driving the car as well as to provide energy to run internal combustion engine.
Application Insights:
The electric bus application segment dominated the global market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to various factors such as supportive government policies, increasing number of public transport systems, rising passenger traffic on account of growing economies such as India and China, availability of low-cost renewable energy sources for power generation along with an increase in per capita income levels among the middle-class population across the globe.
Heavy duty trucks or HTVs are expected to witness significant growth over the forecast period owing to their increased payload capacity which enables them haul longer distances between charges resulting in higher efficiency compared with conventional diesel powered trucks.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government initiatives for promoting electric vehicles along with growing investments by companies in China, Japan, and South Korea. For instance, Toyota Motor Corporation invested around USD X billion from 2014 to 2018 for developing electric vehicles and related infrastructure as a part of its strategy titled “Zero Emission Vehicle†or ZEV program. Moreover, countries such as India are focusing on reducing carbon emission through promotion of clean energy sources such as electricity-powered vehicles that run on batteries rather than diesel fuel which leads to reduction in carbon emission compared to internal combustion engine vehicle (ICEV).
Europe is anticipated to witness significant growth over the forecast period owing high penetration rate of EVs across major countries including Germany; France; Italy; U K.; Sweden etc.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government initiatives for promotion of electric vehicles.
- Development of advanced battery technologies with higher capacity and longer life that can be used in electric buses and heavy duty trucks.
- Growing demand from commercial fleet operators for electric buses and heavy duty trucks as a result of increasing fuel costs and stringent emission norms.
- Proliferation of charging infrastructure for EVs, which is essential to support the growth of the market for battery-powered buses and trucks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery of EV Bus and Heavy Duty Trucks Market Research Report
By Type
BEV, PHEV, FCEV
By Application
EV Bus, Heavy Duty trucks
By Companies
BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), AB Volvo (Sweden)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Battery of EV Bus and Heavy Duty Trucks Market Report Segments:
The global Battery of EV Bus and Heavy Duty Trucks market is segmented on the basis of:
Types
BEV, PHEV, FCEV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
EV Bus, Heavy Duty trucks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD (China)
- Yutong (China)
- Proterra (US)
- VDL Groep (Netherlands)
- AB Volvo (Sweden)
Highlights of The Battery of EV Bus and Heavy Duty Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- BEV
- PHEV
- FCEV
- By Application:
- EV Bus
- Heavy Duty trucks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery of EV Bus and Heavy Duty Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The battery of an electric vehicle bus is a large, heavy battery that stores energy from the electric motors. The battery of a heavy duty truck is a much larger and more powerful battery than the battery in an electric vehicle bus. Heavy duty trucks use this extra power to move heavier loads than electric vehicles buses.
Some of the major companies in the battery of ev bus and heavy duty trucks market are BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), AB Volvo (Sweden).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery of EV Bus and Heavy Duty Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery of EV Bus and Heavy Duty Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery of EV Bus and Heavy Duty Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery of EV Bus and Heavy Duty Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery of EV Bus and Heavy Duty Trucks Market Size & Forecast, 2018-2028
4.5.1 Battery of EV Bus and Heavy Duty Trucks Market Size and Y-o-Y Growth
4.5.2 Battery of EV Bus and Heavy Duty Trucks Market Absolute $ Opportunity
Chapter 5 Global Battery of EV Bus and Heavy Duty Trucks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
5.2.1 BEV
5.2.2 PHEV
5.2.3 FCEV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery of EV Bus and Heavy Duty Trucks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
6.2.1 EV Bus
6.2.2 Heavy Duty trucks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery of EV Bus and Heavy Duty Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery of EV Bus and Heavy Duty Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
9.6.1 BEV
9.6.2 PHEV
9.6.3 FCEV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
9.10.1 EV Bus
9.10.2 Heavy Duty trucks
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery of EV Bus and Heavy Duty Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
10.6.1 BEV
10.6.2 PHEV
10.6.3 FCEV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
10.10.1 EV Bus
10.10.2 Heavy Duty trucks
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery of EV Bus and Heavy Duty Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
11.6.1 BEV
11.6.2 PHEV
11.6.3 FCEV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
11.10.1 EV Bus
11.10.2 Heavy Duty trucks
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery of EV Bus and Heavy Duty Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
12.6.1 BEV
12.6.2 PHEV
12.6.3 FCEV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
12.10.1 EV Bus
12.10.2 Heavy Duty trucks
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery of EV Bus and Heavy Duty Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Type
13.6.1 BEV
13.6.2 PHEV
13.6.3 FCEV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery of EV Bus and Heavy Duty Trucks Market Size Forecast by Applications
13.10.1 EV Bus
13.10.2 Heavy Duty trucks
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery of EV Bus and Heavy Duty Trucks Market: Competitive Dashboard
14.2 Global Battery of EV Bus and Heavy Duty Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD (China)
14.3.2 Yutong (China)
14.3.3 Proterra (US)
14.3.4 VDL Groep (Netherlands)
14.3.5 AB Volvo (Sweden)
