Lewes, DE -- (SBWire) -- 09/17/2015 --Report forecast electric bus market in China to grow at a CAGR of 29.92% over the period 2014-2019.
Electric buses use electric motors instead of IC engines for propulsion. The electric energy, which is stored in batteries, is converted into mechanical energy to produce the desired propulsion. On the other hand, hybrid electric buses combine a conventional internal combustion engine propulsion system (mostly diesel based) with an electric propulsion system.
This report covers the present scenario and the growth prospects of electric bus market in China for the period 2015-2019. The market size has been calculated based on the number of electric buses sold in China. The report presents six key vendors and a detailed analysis of these vendors. Based on the type of technology used for the electric bus manufacturing, we have also segmented the market into battery electric bus, and plug-in hybrid electric bus. We also discuss market growth drivers, the challenges faced by vendors and the industry as a whole, as well as key trends emerging in the market.
Electric bus market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the electric bus market in China landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, electric buses offer several advantages compared to conventional non-electric buses. Electric buses are more cost effective as they do not require gasoline (even hybrid versions require very little of it). The Chinese government, which is struggling to curb carbon emissions, is also promoting the use of electric vehicles. For instance, in 2013, it offered subsidies of $81,600 for the purchase of an electric bus.
Key players in the Electric Bus Market in China: Anhui Ankai Automobile, BYD, Shenzhen Wuzhoulong Motors Group, Zhengzhou Yutong, Zhongtong Bus and Zhuhai Guangtong Automobile
Other Prominent Vendors in the market are: Daimler, Eagle, Jiang-Su Alpha, Jingzhou Xinwei, Lianfu Group, Nanjing Jiayuan, Volvo, YangZhou Dawn and Yi Xing Electric Automobile
Market driver
- Government initiatives
- For a full, detailed list, view our report
Market challenge
- Need for high initial investment
- For a full, detailed list, view our report
Market trend
- Growing demand for Li-Ion batteries
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 81 pages "Electric Bus Market in China 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Global automotive market landscape, Global automotive market segmentation by vehicle type, Global automotive market segmentation by geography, Supply chain analysis of automotive industry, Market landscape, Market segmentation by technology, Key leading cities, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/electric-bus-market-china-2015-2019
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