Market Overview:
The global electric bus motor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric buses across the globe, owing to their low emissions and fuel efficiency. Additionally, government initiatives and subsidies for electrification of public transportation are also aiding in the growth of this market. The global electric bus motor market is segmented on the basis of type, application and region. On the basis of type, it is divided into permanent magnet synchronous motors (PMSMs), asynchronous motors (ASMs) and others (including reluctance motors). PMSMs are expected to dominate this market during the forecast period as they offer high efficiency levels as well as superior performance characteristics compared with other types of electric bus motors. ASMs are also gaining popularity due to their lower cost and easy maintenance requirements. On the basis of application, it is segmented into plug-in hybrid vehicles (PHEVs) and battery-electric vehicles (BEVs). PHEVs dominated this market in 2017; however, BEVs are anticipated to witness higher growth rates during 2018-2030 owing to their growing popularity among consumers worldwide due to rising concerns about climate change and air pollution levels.
Product Definition:
An electric bus motor is a type of motor that is used in electric buses. These motors are important because they provide the power that is needed to move the bus.
Permanent Magnet Synchronous Motor:
PMSM is a type of electric motor used in electric buses. It has the advantages such as high torque and low speed fluctuation, which makes it suitable for bus applications. The PMSM uses permanent magnets instead of electromagnets like most other synchronous motors, making it more efficient and reducing its power consumption.
Asynchronous Motor:
Asynchronous motor is a type of electric motor used in applications where speed and torque are the primary characteristics. Asynchronous motors have an advantage over synchronous motors as they can operate at low speeds, i.e., below 500 rpm, which reduces the cost of operation and maintenance significantly.
Application Insights:
The passenger vehicle-based segment dominated the global electric bus motor market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing sales of passenger vehicles with advanced batteries, such as HEV and PHEV. For instance, as per Tesla Motors' blog, HEVs accounted for around 25% of total vehicle sales in Norway and 15% of total Norwegian automotive production in 2016.
The heavy-duty electric motors are widely used for locomotive applications across various regions due to their ability to reduce carbon emissions by up to 90%. Increasing investments by governments across various countries towards developing public transport systems have ledto an increase inthe demandfor these motors among locomotive manufacturers. For instance, Siemens AG has supplied more than 1,000 traction power units with permanent magnet synchronous motor technology that reduces fuel consumption by 20%.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue owing to high demand from developing countries such as China, India, and South Korea. Moreover, increasing government initiatives coupled with rising investments by companies are projected to drive the regional market further. For instance, In January 2018; Siemens announced plans for investing around USD X million over a period of four years at its plant in Haryana state of India for manufacturing electric motors.
Europe was estimated at USD X million in 2017 and is anticipated to grow at an exponential CAGR over the forecast period due to growing adoption across major countries such as Germany and France along with other Western European nations which have adopted stringent emission norms compared to U.S or China which has adopted similar emission standards after 2020 (as per WLTP).
Growth Factors:
- Increasing demand for electric buses from the public and private transportation sectors
- Government initiatives to promote the use of electric buses
- Development of advanced technologies and components for electric bus motors
- Growing popularity of green transportation modes
- Rising concerns about air pollution and climate change
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Bus Motor Market Research Report
By Type
Permanent Magnet Synchronous Motor, Asynchronous Motor, Others
By Application
PHEV, BEV
By Companies
Fukuta, BYD, Broad Ocean, ZF Friedrichshafen AG, Bosch, Jing-Jin Electric (JJE), Anhui JEE, Mitsubishi Motors Corporation, Hitachi, USES, Fukuta, MAGNA, Shenzhen Greatland Electrics Inc, Hepu Power, Zhejiang Founder Motor Co.,Ltd, Zhuhai Inpower, Denso, Tesla Motors
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Electric Bus Motor Market Report Segments:
The global Electric Bus Motor market is segmented on the basis of:
Types
Permanent Magnet Synchronous Motor, Asynchronous Motor, Others
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
PHEV, BEV
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:
- Fukuta
- BYD
- Broad Ocean
- ZF Friedrichshafen AG
- Bosch
- Jing-Jin Electric (JJE)
- Anhui JEE
- Mitsubishi Motors Corporation
- Hitachi
- USES
- Fukuta
- MAGNA
- Shenzhen Greatland Electrics Inc
- Hepu Power
- Zhejiang Founder Motor Co.,Ltd
- Zhuhai Inpower
- Denso
- Tesla Motors
Highlights of The Electric Bus Motor 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:
- Permanent Magnet Synchronous Motor
- Asynchronous Motor
- Others
- By Application:
- PHEV
- BEV
- 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 Electric Bus Motor 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?
Electric bus motor is a type of electric motor used in buses. It uses an electric current to power the rotor, which turns the bus engine.
Some of the major players in the electric bus motor market are Fukuta, BYD, Broad Ocean, ZF Friedrichshafen AG, Bosch, Jing-Jin Electric (JJE), Anhui JEE, Mitsubishi Motors Corporation, Hitachi, USES, Fukuta, MAGNA, Shenzhen Greatland Electrics Inc, Hepu Power, Zhejiang Founder Motor Co.,Ltd, Zhuhai Inpower, Denso, Tesla Motors.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Bus Motor 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 Electric Bus Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Bus Motor 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 Electric Bus Motor 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 Electric Bus Motor Market Size & Forecast, 2020-2028
4.5.1 Electric Bus Motor Market Size and Y-o-Y Growth
4.5.2 Electric Bus Motor Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Permanent Magnet Synchronous Motor
5.2.2 Asynchronous Motor
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 PHEV
6.2.2 BEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Bus Motor 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 Electric Bus Motor 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Permanent Magnet Synchronous Motor
9.6.2 Asynchronous Motor
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 PHEV
9.10.2 BEV
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Permanent Magnet Synchronous Motor
10.6.2 Asynchronous Motor
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 PHEV
10.10.2 BEV
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Permanent Magnet Synchronous Motor
11.6.2 Asynchronous Motor
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 PHEV
11.10.2 BEV
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Permanent Magnet Synchronous Motor
12.6.2 Asynchronous Motor
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 PHEV
12.10.2 BEV
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Permanent Magnet Synchronous Motor
13.6.2 Asynchronous Motor
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 PHEV
13.10.2 BEV
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 Electric Bus Motor Market: Competitive Dashboard
14.2 Global Electric Bus Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fukuta
14.3.2 BYD
14.3.3 Broad Ocean
14.3.4 ZF Friedrichshafen AG
14.3.5 Bosch
14.3.6 Jing-Jin Electric (JJE)
14.3.7 Anhui JEE
14.3.8 Mitsubishi Motors Corporation
14.3.9 Hitachi
14.3.10 USES
14.3.11 Fukuta
14.3.12 MAGNA
14.3.13 Shenzhen Greatland Electrics Inc
14.3.14 Hepu Power
14.3.15 Zhejiang Founder Motor Co.,Ltd
14.3.16 Zhuhai Inpower
14.3.17 Denso
14.3.18 Tesla Motors
