Solar Bus Market by Product Type (Electric, Hybrid and Solar), Drive Mechanism (Hub Motor, Mid Drive, and Others), Battery Type (Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027
A10070 | Pages: NA | Feb 2021 | 65 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Solar Bus Market
Request Now !Solar Bus Market Outlook 2021-2027:
A solar-charged or solar bus is a bus that is powered exclusively or mainly by solar energy. Solar-powered bus service is referred to as a solar bus service. Moreover, the use of the term solar busnormally implies that solar energy is used not only for powering electric equipment on the bus, but also for the propulsion of the vehicle. In addition, existing solar buses are battery-electric buses for hybrid solar buseshybrid buses equipped with batteries that are recharged from solar power sources. The launch of solar bus service often goes hand in hand with investments for large-scale installations of stationary solar panels with photovoltaic cells. Similarly,to other solar vehicles, many solar buses have photovoltaic cells contained in solar panels on the vehicle's roof which convert the sun's energy directly into electric energy to be used by the engine. The increase in awareness about renewable sources of energy boosts the growth of the solar bus market during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Drive Mechanism and Battery |
Regionscovered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Volvo Buses, Yangzhou Yaxing Motor Coach Co., Toyota Motor Corporation, Daimler AG, China South Industries Group Corporation, Ashok Leyland Ltd., Isuzu Motors Ltd., BYD Auto Co. Ltd. and Johanneberg Science Park |
COVID-19 scenario analysis:
- Solar energy has experienced spectacular growth over the past two decades. But the crisis caused by the COVID-19 could considerably disrupt this momentum.
- Public transport has been completely shut during the lockdown in almost every country around the world to contaminate the spread of coronavirus.
- Due to the ban in operations during lockdown which has caused a significant financial loss and it is predicted that when services resume, demand may not return due to the norms of social distancing and passengerperceived risk of traveling.
- Public transport has several challenges to face after the lockdown such as crew management, social distancing, handling crowds, and others, which will impact their profitability.
- The Covid-19 induced lockdown and additional safety measures such as social distancing which has put an additional financial burden on the bus operators which may risk the long-term sustainability of the sector.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the market growth include increase in emphasis by government authorities and the extensive need for conserving the environment and reducing pollution. However, lack of control centers and command that leads to high traffic congestion in metropolitan areas leads people to adopt other modes of public transport such as mass rapid transit such as metro or subway and is the key factor anticipated to hamper the growth of the solar bus market shortly. Furthermore,technological advancements and innovative product launches by manufacturers are expected to create lucrative opportunities for players operating in the target market during the forecast period.
The solar bus markettrends are as follows:
Increase in emphasis by government authorities
The governments of every developing and developed economies are concerned aboutthe enhancement of the transportation systems by switching more on renewable fuel which emphasizes on making the transports in every region, cleaner, sustainable, and energy-efficient which is available to all. Also, the rise in the number of joint ventures and partnerships among key manufacturers and government agencies for launching new advanced public transport is further expected to support the solar bus marketduring the forecast period.
Extensive need for conserving the environment and reducing pollution
The awareness about the damage caused to the environment with the increase in usage of the combustion engine has been increasing rapidly as there are major effects that can be seen in the environment. Hence, the solar energy vehicle market is considered to be the future of the automobile, many customers are shifting to solar vehicles as it is economical and eco-friendlyconsidered to be a renewable source of energy to nature which further boost the growth of the solar bus marketduring the forecast period.
Key segments covered:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Segments | Sub-segments |
Type |
|
Drive Mechanism |
|
Battery |
|
Key benefits of the report:
- This study presents the analytical depiction of the solar bus market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the solar bus market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the solar bus market scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed solar bus market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the solar bus market research report:
- What are the leading market players active in the solar bus market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Solar Bus Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers