Us Electric Bus Motor Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Electric Bus Motor Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 12.1 Billion by 2030, growing at a CAGR of 20.8% from 2024 to 2030.
The US Electric Bus Motor Market is experiencing a significant surge as the demand for sustainable transportation grows. With the push for greener alternatives to traditional fossil-fueled vehicles, electric buses are being seen as a key player in reducing emissions and improving urban air quality. This transition is primarily driven by environmental policies, technological advancements, and the growing public interest in sustainable transportation solutions. The electric bus motor market, crucial to this transformation, plays a pivotal role in ensuring these vehicles operate efficiently and reliably on roads across the United States.
In 2024, the market size of electric bus motors is expected to reach substantial figures as more cities and transit authorities invest in electrifying their fleets. The benefits of electric buses are clear – reduced greenhouse gas emissions, lower operational costs, and quieter operation compared to their diesel counterparts. In addition, governments across the US are incentivizing the adoption of electric vehicles, which directly impacts the demand for electric bus motors.
The electric bus motor market is not only dominated by major manufacturers but also sees innovation from smaller, specialized players focusing on enhancing motor efficiency and longevity. Key features of these motors include high torque, energy efficiency, and integration with smart technology to optimize energy use. Technological advancements like regenerative braking and wireless charging systems are being implemented to make these electric buses more efficient and capable of handling longer routes.
As we move toward more eco-conscious transportation methods, the role of motors in electric buses becomes even more crucial. These motors are the heart of electric vehicles, driving their performance and efficiency. In parallel with the electric bus motor market, the market for other innovative solutions like the 100 Gigabit Fiber Optic Transceiver Market continues to grow, highlighting the importance of cutting-edge technology in modern infrastructure. The US electric bus motor market is set to play a critical role in reshaping the future of public transport across the nation.
Across the country, various cities have already begun adopting electric buses, and the trend is expected to accelerate. This change is a significant step toward reducing dependence on traditional fossil fuels, and as electric bus motors improve, their adoption becomes more feasible for a broader range of public transportation systems.
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Fukuta
BYD
Broad Ocean
ZF Friedrichshafen AG
Bosch
Jing-Jin Electric (JJE)
Anhui JEE
Mitsubishi Motors Corporation
Hitachi
USES
HASCO
MAGNA
Shenzhen Greatland Electrics Inc Hepu Power
Zhejiang Founder Motor Co.
Ltd
Zhuhai Inpower
Denso
Tesla Motors
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Bus Motor Market
AC Motors
DC Motors
Permanent Magnet Synchronous Motors (PMSM)
Induction Motors
Below 100 kW
100 kW to 200 kW
200 kW to 300 kW
Above 300 kW
Lithium-ion Batteries
Nickel-Metal Hydride Batteries
Lead-acid Batteries
Solid-state Batteries
Public Transportation
Commercial Transport Services
Private Shuttle Services
School Buses
Low Voltage (up to 400 V)
Medium Voltage (400 V to 1,000 V)
High Voltage (above 1,000 V)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Bus Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Bus Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Bus Motor Market, By Type
6. Global Electric Bus Motor Market, By Application
7. Global Electric Bus Motor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Bus Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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