How big is the Bus Pantograph Charger Market?

The Bus Pantograph Charger Market size is expected to reach USD 2.78 billion in 2024 and grow at a CAGR of 24.65% to reach USD 8.36 billion by 2029. Read More

What is the current Bus Pantograph Charger Market size?

In 2024, the Bus Pantograph Charger Market size is expected to reach USD 2.78 billion. Read More

Who are the key players in Bus Pantograph Charger Market?

ABB , Schunk Transit Systems GmBH, Wabtech Corporation, Siemens AG and Vector Informatik GmbH are the major companies operating in the Bus Pantograph Charger Market. Read More

Which is the fastest growing region in Bus Pantograph Charger Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Bus Pantograph Charger Market?

In 2024, the North America accounts for the largest market share in Bus Pantograph Charger Market. Read More

What years does this Bus Pantograph Charger Market cover, and what was the market size in 2023?

In 2023, the Bus Pantograph Charger Market size was estimated at USD 2.23 billion. The report covers the Bus Pantograph Charger Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Bus Pantograph Charger Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Bus Pantograph Charger Market Report | Industry Analysis, Size & Forecast Overview

Pantograph Bus Charger Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Pantograph Bus Charger Manufacturers and the Market is Segmented by Charging Type (Level 1, Level 2, and Direct Current Fast Charging (DCFC)), Component Type (Hardware and Software), Charging Infrastructure (Off-board Top-down Pantograph and On-Board Bottom-Up Pantograph), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market size and forecasts for Bus Pantograph Charger Market are Provided in value (USD million) for all the above segments.

Pantograph Bus Charger Industry Overview

Some of the leading electric bus charging infrastructure market players are ABB Ltd., Wabtec Corporation, Schunk Transit Systems GmBH, BYD, and others. The bus pantograph charger market is moderately consolidated and accounts for several global and regional players. Product innovation, joint ventures, acquisitions of smaller players, and product launches are the key strategies deployed by the major players. Moreover, initiatives taken by various governments across the world are also supporting the growth of the market. For instance,

In June 2022, a Memorandum of Understanding was signed between the Canada Infrastructure Bank and the Regional Municipality of Durham, which concluded that CIB would invest up to USD 53.1 million to support Durham Region Transit's (DRT) purchase order, which included 100 battery-electric buses to be delivered to Durham by the end of 2027. The initiative to electrify transit vehicles is a critical step toward meeting the region's climate change commitments over the next 25 years.
In December 2021, the Berliner Verkehrsbetriebe (BVG) supervisory board approved the purchase of 90 more electric buses. The vehicles are 12-meter-long battery monoplanes that will be charged in the depot, increasing demand for pantograph charging systems to be used across the country in the coming years.

The above-mentioned development in electric buses may further boost the requirement for charging stations for electric buses. Apart from these strategies, bus pantograph chargers are entering into supply agreements with key bus manufacturers and charging station providers to strengthen their position in the market. For instance,

In December 2022, Solaris Bus & Coach Sp. z o.o. has agreed to supply 35 Solaris Urbino 12 electric buses to Latvian operator Rgas Satiksme. These buses are expected to have Solaris High Energy batteries with a capacity of 140 kWh that will be charged via a plug-in connector as well as an inverted pantograph. The buses will also include an eSConnect system for managing zero-emission bus fleets. This software, created by Solaris experts, provides real-time access to vehicle data as well as the identification of any faults as they occur.