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Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 – Exclusive Report by MarketsandMarkets™

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Electric Mid- & Large Bus Market size is projected to grow from 66,593 units in 2023 and is expected to cross 171,000 units by 2030, at a CAGR of 14.4%, according to a new report by MarketsandMarkets. Growing urbanization, population density, and government policies will influence the electric mid- & large bus market growth in the coming years. Reasons such as government incentives, policies promoting zero-emission public transit, advances in battery technology, and reducing costs with improved range would enhance the growth of electric mid- & large buses. However, the industry would face challenges such as high costs for developing charging infrastructures. Unlike many developed countries, insufficient charging infrastructure is one of the major challenges in the growth of the electric mid- & large buses market in developing countries, including India, South Korea, and others.
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Browse in-depth TOC on “Electric Mid- and Large (9-14m) Bus Market“.
55 – Tables34 – Figures        121 – Pages
Electric Mid- and Large (9-14m) Bus Market Scope:

Report Coverage

Details

Market Size

171,000 units by 2030

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Growth Rate

CAGR of 14.1%

Largest Market

Asia Pacific

Market Dynamics

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Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Volume (Units)

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Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Propulsion (BEV, FCEV, HEV/PHEV), Configuration (Light & Heavy Duty), Application (City/Transit Bus, Coach, Midi & School Bus) and Region

Geographies Covered

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Asia Pacific, Europe, and North America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Innovation in Payment Models

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Key Market Drivers

Growing need for green mobility solutions

“The significance of electric mid- & large (9-14m) buses”
Electric mid- & large (9-14m) buses hold the largest share as most of the public transport fleets are incorporated with this category of bus length globally. This is mainly because this segment has a relatively larger seating capacity. These buses can generally travel up to 350 km on a single charge, which suits the intracity applications. The electric mid- & large (9-14m) buses are emerging as a crucial component of sustainable urban transportation. Their larger capacity caters to higher passenger volumes, enhancing public transportation efficiency and reducing traffic congestion. The optimal balance between battery size, chemistry, and passenger capacity in these buses effectively meets the demands of urban transportation while maintaining efficiency. These buses typically utilize advanced battery chemistries like NMC or LFP, balancing energy density and cycle life. This combination enables electric mid- & large (9-14m) buses to cater to a broader range of passenger needs, from intra-city routes to longer-distance intercity commutes, making them a popular choice for sustainable urban transportation solutions.
“Fuel-cell electric mid- & large (9-14m) buses – Promising Market”
Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation. These buses boast longer ranges than their battery-electric counterparts, contributing to their appeal for intercity routes. With growing competition, the focus on improving fuel efficiency, durability, and the overall performance of fuel cell stacks would be enhanced. They offer a 300-500 km range and have shorter refueling time than diesel or electric mid- & large buses. Recent launches from manufacturers like Toyota, Hyundai, and Ballard Power Systems showcase advancements in fuel cell technology. In April 2022, Hyundai Motor Company (South Korea) announced the launch of its latest fuel-cell electric mid- & large bus, the Elec City Fuel Cell. This bus is designed to travel a range of up to 550 kilometers on a single charge. It is also one of the longest-range fuel-cell electric buses currently available.
Similarly, in September 2022, NFI Group Inc. announced the launch of its next-generation hydrogen fuel-cell electric Xcelsior CHARGE FC heavy-duty transit bus with a driving range of over 370 miles. As technology continues to mature and hydrogen infrastructure expands, fuel-cell electric mid- & large buses are poised to play a significant role in the future of sustainable urban transportation. However, it will remain a niche bus category due to the defined nature of transit bus usage and will primarily focus on the coach market at a global level.
“North America to be the fastest growing market for electric mid- & large (9-14m) buses during the forecast period.”
The North American region is one of the world’s most well-established electric mid- & large bus industry. It is the 3rd largest electric mid- & large bus market, running behind Asia Pacific and Europe. This region is speculated to remain the fastest-developing market by 2030. North America has major electric mid- & large bus manufacturers with solid footholds in R&D innovations and technological advancements. With government support through incentives, tax benefits, supportive policies, the presence of individual investors, and a technological edge, electric mid- & large bus adoption will be spurred. On January 2023, FTA announced the availability of nearly USD 1.7 billion in Fiscal Year 2023 funding to support state and local efforts to buy or modernize buses, improve bus facilities, and support workforce development. The US is the largest market in the region, which is focused on NMC batteries as they allow a capacity of up to 818 kWh that is better suited to the transit operators’ requirements and the more extensive operational needs.
Further, city/transit and school buses will have a promising growth opportunity in several cities and states in the US, including California, New York, and others. More than 50% of the electric mid- & large bus in North America are City/Transit buses, followed by School buses. School buses contribute a significant portion of the US bus segment, and around 45% of electrification is expected in this segment by 2030. Many states in the US have announced their ambition to implement electric mobility in the transport sector. For instance, the US Environmental Protection Agency’s (EPA) Clean School Bus Rebate Program has awarded over USD 900 million for more than 2,400 electric school buses to 389 school districts. California leads in electric school bus adoption, with over 1,800 committed electric buses across the state, at least 35% of which are delivered or operating.
Further, Canada established the Zero-Emission Transit Fund, which provides up to 75% of eligible costs for purchasing electric buses and associated charging infrastructure to support the electrification of public transit systems. Quebec in Canada has implemented an Electric and Hybrid Transportation Policy, which has set the target of 100% electrification of public transit by 2030. Thus, electrifying the entire fleet of US school buses would reduce greenhouse gas emissions by approximately eight megatons per year and reduce emissions from all US buses by 35% annually. Many more such government schemes and supportive policies are likely to be announced, which will poise the economic growth of the electric mid- & large bus market in the North American region.
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Key Market Players:
The major players in Electric Mid- and Large (9-14m) Bus Companies include BYD (China), Yutong (China), CAF (Solaris) (Spain), VDL Groep (Netherlands), and AB Volvo (Sweden).
Recent Developments

In January 2022, the Valley Transportation Authority (VTA) in Santa Clara City, US, will install an innovative clean energy microgrid and EV fleet charging system with Proterra and Scale Microgrid Solutions. This project will showcase how clean energy paired with fleet-scale EV charging can enable the adoption of fully electric vehicle fleets. Expected to come online in late 2023, it will help VTA further reduce greenhouse gas emissions.
In January 2023, Daimler received an order to supply 45 buses to VLP Transport for intercity transport.
In September 2022, the Urbino 18 model is equipped with a modern hydrogen fuel cell, which aids long-distance commuting as it can cover 350 km in a single refill with a passenger capacity of 138 seats.

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Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting
Related Reports:
Electric Bus Market – Global Forecast to 2030
Electric Commercial Vehicle Market – Global Forecast to 2030
Electric Truck Market – Global Forecast to 2030
Electric Vehicle Market – Global Forecast 2030
The post Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 – Exclusive Report by MarketsandMarkets™ appeared first on HIPTHER Alerts.

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Henry Zhang, Chairman & CEO of TUGE Technologies, Delivers Keynote at MWC 2024 on Mobile IoT Trends

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At the Mobile World Congress (MWC 2024) held in Shanghai, Henry Zhang, Chairman and CEO of TUGE Technologies, delivered a keynote speech titled “Globalization of IoT Industry.” He discussed the future directions of the mobile Internet of Things (IoT) industry and showcased TUGE’s pioneering innovations and real-world applications in the fusion of artificial intelligence (AI) and globalization.
In his address, Mr. Zhang stated, “Globalization and AI represent the inevitable trajectory for the advancement of mobile IoT.”
Founded in 2013, TUGE Technologies has become a leading mobile IoT platform provider globally, dedicated to delivering high performance, efficient and cost-effective connectivity and management solutions. The company has rapidly expanded across Europe, Japan, Australia, the US, and Southeast Asia, forming partnerships in over 50 countries and setting a benchmark in the mobile IoT field.
With over two decades of combined experience in ICT technology, marketing, strategy and innovation in both Chinese and Western contexts, Mr. Zhang believes that the AI-driven era places greater emphasis on localization. For overseas operations, deepening localization efforts in strategic markets is crucial. Robust global communication infrastructure and comprehensive mobile IoT platforms are vital for widespread application scenarios.
During his speech, Mr. Zhang addressed the six key challenges in enhancing mobile IoT performance and shared TUGE’s innovative solutions. Addressing the requirement of high-performance global communication capabilities for wide application scenarios, the company has transformed mobile IoT architecture to optimize communication performance and improve the performance-to-price ratio. TUGE’s cloud communication platform integrates over 300 global operators, providing extensive network coverage in more than 200 countries and regions, and facilitating multi-country, multi-network synergies. Leveraging its proprietary intelligent operation platform, TUGE dynamically optimizes networks to meet the specific needs of each terminal. Additionally, with the innovative vSIM+eSIM convergence solution, TUGE offers a combined hardware-software global communication solution for business intelligent terminals that can be applied anywhere, accelerating market entry and enabling companies to succeed internationally.
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60% of finance professionals plan to leave the sector as they advise Gen-Z to look for job opportunities elsewhere

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Medius research has found 60% of financial professionals are looking for a new job outside of the sector, as employees say the profession hasn’t kept pace with changing expectations. When asked if finance professionals would recommend a job in the sector to Generation-Z (those born between 1996 and 2010), 60% of respondents said they wouldn’t recommend it to the younger generation. The reason why? According to those in the sector, other fields now offer better compensation (53%), they’ve experienced high levels of burnout and poor work-life balance (53%), and a career in finance offers less security and stability than in previous years (38%).
Administrative responsibilities and repetitive tasks are two issues which are blighting the profession. 87% of finance pros say they are responsible for replying to vendor emails, taking up 8 hours per week. Additionally, 92% are responsible for approving invoices, with most saying they approve 13 invoices per day.
The new findings released today by fintech, Medius, paint a worrying picture for business leaders in terms of both talent recruitment and retention.
Paul Ellis, UK MD, Medius says: “The new findings released today highlight a concerning trend for finance professionals, with many considering employment options in other sectors. Our data also found that only 25% recommend a job in finance to Gen-Z. Burnout, poor work-life balance, and better opportunities elsewhere are all driving this trend.”
Zeeshan Malik, an ex-finance professional says: “Having first hand experience in the finance sector’s highly bureaucratic environment, these findings deeply resonate with me. Although the work was important, it involved repetitive and mundane tasks, unfortunately for which the compensation was subpar. The relentless pressure and overwhelming hours often left me and my colleagues struggling to maintain a work-life balance, leading to severe burnout. My decision to leave finance was driven by the pursuit of a healthier, more fulfilling life. The industry must adapt to modern workplace expectations and undergo significant changes to retain its talent and appeal to the next generation, or it risks losing young professionals like myself.”
As financial professionals leave the sector, businesses are left worryingly vulnerable to fraud. 44% of finance professionals say their finance team alone is responsible for protecting the business against fraud, while 44% report invoice fraud as the most common type of fraud their business faces.
Furthermore, the survey found that businesses dealt with approximately 13 cases of invoice fraud each year, and when asked to quantify the financial loss to their business, financial professionals estimated it came to an average of £104,000 in the UK and $93,000 in the US.
A professional exodus also leaves businesses vulnerable to compliance issues and reduced operational efficiency. For instance, 33% of invoices require manual intervention despite current automation efforts, and 19% of finance professionals are unable to close their books on time, with the principal issue being paying supplier invoices.
However, it’s not all doom and gloom. As HR functions and operations address recruitment and retention for finance professionals, positives can also be found in the use of technology. As AI and automation is implemented across businesses, 54% say they have more time for innovative strategies, and 93% are satisfied with their organization’s adoption of AI.
For more information on finance teams and to read the full Financial Census report visit https://www.medius.com/financial-census/.
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Bybit Web3 and Ignition Join Forces to Bridge the Gap Between Bitcoin and Ethereum

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Bybit, the world’s second-largest web3 platform by trading volume, breaks down barriers between Bitcoin and the Ethereum Virtual Machine (EVM) ecosystems with its partnership of Ignition. Supported by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It extends Bitcoin’s functionality beyond its traditional role as a store of value and transforms it into a reliable asset for cross-chain integrations and diverse yield opportunities.
Bybit Web3 Wallet will support FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, introduced by Ignition. This strategic collaboration empowers users to unlock the full potential of Bitcoin within the thriving EVM ecosystem, reflecting Bybit Web3’s philosophy of openness, simplicity, and equality.
“We are thrilled to partner with Ignition, which aligns with Bybit’s mission to provide users with innovative and seamless DeFi solutions. By integrating Ignition and FBTC, we are not only enhancing liquidity and interoperability but also paving the way for a more inclusive and dynamic crypto ecosystem,” added MK Chin, Bybit Web3 Evangelist.
FBTC: Bridging the Divide between Bitcoin and non-Bitcoin Ecosystems in Web3
Introduced by Ignition, FBTC is an omnichain Bitcoin asset pegged 1:1 to BTC aimed at elevating Bitcoin’s accessibility and utility. As a secure, decentralized, and composable liquid Bitcoin asset with deep liquidity, $FBTC can be used at scale and easily integrated into various yield enhancement strategies like liquidity pooling, collateral, and staking.
Under Ignition, $FBTC’s growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.
Bybit Web3: A Partnership for Enhanced DeFi and User Opportunities
Bybit is at the forefront of adopting the Ignition ecosystem, reinforcing Bybit’s commitment to pioneering innovative solutions for the crypto community. Bybit Web3 users will now have access to a multitude of products and opportunities within the burgeoning Ignition space.
This integration unlocks a range of benefits for users:

Enhanced Liquidity: FBTC opens the door to increased liquidity, allowing users to trade and invest in Bitcoin with greater ease within the EVM ecosystem.
Diverse Yield Opportunities: Users can explore a variety of attractive yield-generating strategies with FBTC, maximizing the earning potential of their Bitcoin holdings.
Seamless Interoperability: FBTC bridges the gap between various blockchain networks, ensuring users can move their assets freely and efficiently.

Coming Soon: Swap and Staking on FBTC
Bybit Web3 users can look forward to using their Bybit Web3 Wallet to swap and stake on FBTC in the later half of July. For more information, please visit: https://www.bybit.com/en/web3/home
#Bybit / #TheCryptoArk / #BybitWeb3
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