Connect with us
Prague Gaming & TECH Summit 2024

Uncategorized

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

Published

on

electric-mid-and-large-(9-14m)-bus-market-worth-171,000-units-by-2030-–-exclusive-report-by-marketsandmarkets™

 
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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234405016
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

Growth Rate

CAGR of 14.1%

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Volume (Units)

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

Asia Pacific, Europe, and North America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Innovation in Payment Models

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.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=234405016
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.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=234405016
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.

Continue Reading

Uncategorized

Huawei Launches a Wide Range of Net5.5G Solutions to Inspire New Growth of Carriers

Published

on

huawei-launches-a-wide-range-of-net5.5g-solutions-to-inspire-new-growth-of-carriers

 
During MWC Barcelona 2024, the Net5.5G-oriented products and solutions were launched by the President of Huawei’s Data Communication Product Line, Leon Wang. He noted that new ultra-broadband applications such as immersive terminals and AIGC have brought new opportunities to carriers. In addition, networks need to continuously evolve towards the future. In 2023, Huawei and industry partners defined the Net5.5G target network architecture and key capabilities such as ubiquitous 10 Gbps access, 400GE converged transport, hyper-converged data centers, and network autonomy and self-optimization. At this event, centering on “Bringing Net5.5G into Reality, Inspire New Growth”, Huawei has launched four solutions tailored to Net5.5G, covering mobile backhaul, enterprise campus, converged transport, and data center network, to fully support carriers’ business success.
Net5.5G Mobile Backhaul: Ultra-broadband is the foundation of ultimate experience. The access ring of mobile backhaul needs to be upgraded to 100GE to meet the traffic requirements of ultra-broadband applications. In addition, experience optimization is required to provide better mobile experience and improve the ARPU. Huawei’s base station routers provide the comprehensive access capabilities with 25/50/100/400GE to achieve network construction with optimal TCO. This solution is compatible with 4G, 5G, and 5G-A transport, protecting investment. Leveraging Network Digital Map, the solution provides industry leading application-level experience visualization and optimization, achieving zero congestion for VIP services and accelerating user experience monetization
Net5.5G High-Quality 10 Gbps Campus: Carriers are expanding their scope of services from traditional private lines to enterprise campus networks. This opens up a new blue ocean for digital managed network services, enriches B2B product portfolios, and increases revenue. Huawei has launched the world’s first all-scenario Wi-Fi 7 series products. And it helps carriers improve their competitive edge and avoid homogenized competition through high-density access, video experience assurance and intelligent O&M with Network Digital Map, accelerating their transformation from ISPs to MSPs.
Net5.5G Converged Transport: By providing more services on one network, carriers can realize new values of private lines and private networks. Huawei provides high density 400GE covering metro and core to carry numerous 10Gbps connections. Tenant-level slicing private lines, low-latency path selection, and application-level visualization are used to implement network servitization, accelerate network resource monetization, and increase revenue.
Net5.5G Hyper-Converged DCN: The computing power leasing service can help carriers achieve new growth in addition to IDC equipment room and private cloud services. Huawei uses the high density 800GE data center network (DCN) to provide efficient computing power and plug-and-play, significantly reduced deployment time. The industry leading NSLB algorithm increases the network throughput from 50% to 98% and improves the training efficiency by 20%.
Leon Wang wrapped up the launch with the following parting words: “Huawei will work with industry partners to promote network evolution from conceptualization to deployment, bring Net5.5G into reality, and inspire new growth for carriers.”
MWC Barcelona 2024 will be held from February 26 to February 29 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
With the 2024 commercial launch of 5.5G, Huawei is collaborating with operators and partners around the world to pursue exciting new innovation in networks, cloud, and intelligence. Together, we will drive 5G business and foster a thriving industry ecosystem, creating a new era for intelligent digital transformation. For more information, please visit: https://carrier.huawei.com/en/events/mwc2024.
The post Huawei Launches a Wide Range of Net5.5G Solutions to Inspire New Growth of Carriers appeared first on HIPTHER Alerts.

Continue Reading

Uncategorized

Exclusive Interview: ATFX Chairman Joe Li with CNBC Arabia

Published

on

exclusive-interview:-atfx-chairman-joe-li-with-cnbc-arabia

 
ATFX Chairman Joe Li was recently interviewed by CNBC Arabia, one of the leading business and financial news programs in the Middle East, to discuss the brand’s local development.  Throughout the interview, the host engaged in a comprehensive and professional dialogue that covered the brand’s local development progress, service philosophy, and market regulations.
ATFX Chairman Joe Li stated, “ATFX is dedicated to creating a platform that is convenient for investors, allowing them to trade quickly, safely, and efficiently. We prioritize the specific needs of our local clients by providing localized services. Our AT Premier service, launched in the Middle East, is continuously updated to provide high-quality investor education.”
The interview mainly focuses on the brand’s initiatives and measures in the local context. ATFX was ranked among the top four globally in MT4 trading volume in 2023, demonstrating its advanced financial technology tools, premium services, and extensive investor education content. ATFX’s exceptional achievements persist in enhancing its worldwide impact, attracting the interest of diverse international media establishments.
The interview conducted with CNBC Arabia marks a significant milestone in ATFX’s journey towards greater recognition this year. ATFX anticipates receiving further acknowledgement and media coverage as they continue to demonstrate unwavering dedication towards excellence in service.
The post Exclusive Interview: ATFX Chairman Joe Li with CNBC Arabia appeared first on HIPTHER Alerts.

Continue Reading

Uncategorized

Smart Collaborates with 6D Technologies to Enhance Sales and Distribution Capabilities

Published

on

smart-collaborates-with-6d-technologies-to-enhance-sales-and-distribution-capabilities

 
6D Technologies, an innovative telecom solutions provider, announces a collaborative partnership with Smart Communications, Inc. (Smart), the wireless unit of PLDT, the Philippines’ largest, fully integrated telco network, to revolutionize its sales and distribution operations, offering comprehensive solutions to meet the evolving needs of the industry.
Through this collaboration, 6D Technologies and Smart will streamline key sales and distribution processes, automate inventory management, optimize resource utilization, and enhance overall dealer operational efficiency. By leveraging 6D Technologies’ Ventas, an artificial intelligence (AI)-driven Sales and Distribution Management platform, Smart aims to elevate its operational excellence further and reinforce its leadership position in the telecommunications sector, driving growth and delivering superior services to its customers.
“As part of our transformation journey and our quest to reinforce our leadership, we continue to create collaborations to further lift our operational excellence, making sure that these partnerships will naturally progress and translate to much improved user experience for the customers of Smart,” said John Y. Palanca, First Vice President and Head of Sales and Distribution at Smart.
6D Technologies’ Ventas Dealer Management System (DMS) is designed to boost operational efficiencies and elevate the overall customer journey for the distribution partners of Smart. With this new system, the user experience of Smart’s distribution partners will be significantly transformed, giving them tools to operate more efficiently.
“We will continue to push to enhance our operational efficiencies to ensure that we are able to deliver the highest level of quality of service, particularly to our distribution partners as our customers, who are the North Star of everything that we do,” said Jac N. Bocalan, Vice President and Head of Customer Development Strategies and Support at Smart.
Manish Arora, Executive Director & Chief Revenue Officer of 6D Technologies, expressed his enthusiasm about the collaboration, stating, “We are thrilled to partner with Smart to empower their sales and distribution networks with our innovative DMS solution. By combining our expertise with Smart’s extensive reach and market presence, we aim to redefine industry standards and deliver unparalleled value to customers.”
The post Smart Collaborates with 6D Technologies to Enhance Sales and Distribution Capabilities appeared first on HIPTHER Alerts.

Continue Reading

Trending