MRO Magazine

Growing Demand for Li-ion Batteries Will Propel the Electric Bus Market in China Through 2019: Technavio


August 12, 2015
By Business Wire News

LONDON

Technavio has published a new report on the electric bus market in China,which is expected to grow at a CAGR of nearly 30% from 2015-2019.

About the Report

According to the new report by Technavio, the increasing need to reduce vehicle emissions is one of the major factors driving the global electric bus market. Electric buses are driven by an electric motor powered by rechargeable battery packs, thus helps to generate energy efficiency to a considerable extent.

“As the cost of oil ascends and emissions from large diesel and gasoline engines increase, more consumers look for alternatives to lower costs and emissions,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also emphasizes the growing demand for Li-ion batteries, which is another trend witnessed in the electric bus market in China.

“There is a significant demand for Li-ion batteries in wireless buses. However, a high demand is expected for Li-ion batteries in pure-electric buses, which will be a driving factor during the forecast period,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the electric bus market in China from 2015-2019. The market size of the electric bus market is calculated on the basis of electric bus unit sales in China.

Key Information Covered in the Report:

  • Key Vendors:
    • Anhui Ankai Automobile
    • BYD
    • Shenzhen Wuzhoulong Motors
    • Zhengzhou Yutong
    • Zhuhai Guangtong Automobile
    • Zhongtong Bus & Holding
  • Market Growth Drivers:
  • Market Challenges:
    • Need for high initial investment
    • For a full detailed list, view our report.
  • Market Trends:
    • Growing demand for li-ion batteries
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the transport market:

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com