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Buses are the most common mode used in the transportation industry. Thereby, considerate amount of bus stations is introduced for the convenience of the passengers across different countries. Additionally, acceleration and deceleration of the bus after a stopover requires higher amount of power, thereby, the use of traction motor grows essential. Traction motor produces friction between two surfaces for extracting electricity from the battery pack and thereby providing rotation torque for the movement of the bus. Furthermore, government across the world are introducing laws for the public transport to shift from internal combustion engine (ICE) buses to electric buses. For instance, recently Indian government passed a law stating the shift from diesel public transport to electric buses over the year 2022. Therefore, rise in demand for electric public transport is expected to drive the market growth for global electric bus traction motor.
Rise in adoption of electric vehicles, increase in demand for effective power renovation, and non-stable prices of crude oil drive the growth of the global market. However, overheating of EV traction motors and fluctuating prices of input components are expected to hamper the growth of the market. On the contrary, designing better speed estimator and increase in distance range for electric vehicles are creating favorable condition for the adoption of electric buses, which provide lucrative opportunity for the market growth.
The global electric bus traction motor market trends are as follows:
Due to major developments in the electrification of public transportation segments, a tremendous increase in vehicle travelling distance range on a single charge is witnessed. For instance, Ebusco has developed an electric bus for German public transportation which can travel a distance up to 450 km in a single charge without a requirement for charging. Furthermore, developed countries such as Germany, U.K. and others are offering electric fast charging for the buses at the bus station for added convenience. Rapid expansion of electric bus charging infrastructure, battery technology enhancements, and rise in vehicle emission norms & the subsidies provided by the government drive the adoption of electric buses worldwide. Therefore, increase in vehicle distance range for the electric buses is expected to boost the growth of electric bus traction motor market.
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