Market Size of france electric bus battery pack Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 7.23 Million |
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Market Size (2029) | USD 21.53 Million |
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Largest Share by Propulsion Type | BEV |
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CAGR (2024 - 2029) | 24.40 % |
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Fastest Growing by Propulsion Type | BEV |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
France Electric Bus Battery Pack Market Analysis
The France Electric Bus Battery Pack Market size is estimated at 7.23 million USD in 2024, and is expected to reach 21.53 million USD by 2029, growing at a CAGR of 24.40% during the forecast period (2024-2029).
7.23 Million
Market Size in 2024 (USD)
21.53 Million
Market Size in 2029 (USD)
121.42 %
CAGR (2022-2023)
24.40 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
100 %
value share, BEV, 2023
Due to its low cost compared to PHEV, zero emissions, low maintenance requirements, and government rules, BEV leads the French market for electric buses.
Largest Segment by Battery Chemistry
51.53 %
value share, NMC, 2023
The NMC batteries can be attributed to their high energy density, improved performance, and longer lifespan for France's electric buses.
Largest Segment by Battery Form
51.22 %
value share, Prismatic, 2023
Due to their greater performance, more space-efficient design, and higher energy density, prismatic batteries dominate the market for battery packs for electric buses.
Leading Market Player
32 %
market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022
The company has a production capacity of over 100,000 battery packs per year and has delivered batteries to customers in over 20 countries.
Largest Segment by Capacity
60.09 %
value share, 40 kWh to 80 kWh, 2023
This capacity range offers a balance between the driving range and weight considerations, ensuring optimal performance and operational efficiency for electric buses.
France's electric bus battery pack market surges as eco-friendly transportation gains traction
- The need for eco-friendly transportation options is fueling the expansion of the French electric bus battery pack market. Government programs intended to cut greenhouse gas emissions and encourage the use of electric buses are likely to have a considerable positive impact on the industry. The rising popularity of battery electric buses is one of the major factors propelling growth in the French electric bus battery pack market. Due to government incentives and subsidies, battery electric buses are viewed as a more ecologically friendly alternative to diesel buses and are growing in popularity in France. As a result, there was a rise in demand for battery packs for electric buses during 2017-2022.
- Another factor driving growth in the French electric bus battery pack market is the increasing focus on energy efficiency. Battery pack manufacturers are developing new technologies and materials to improve the efficiency and performance of battery packs, which, in turn, are helping drive down costs and improve the overall economics of electric buses.
- The market for electric bus battery packs also confronts a number of difficulties. The high price of battery packs is one of the largest obstacles and may be an important barrier for many bus operators. Additionally, some bus operators may find the restricted range and recharge capabilities of electric buses to be an obstruction. The market for battery packs for electric buses in France is expanding as a result of the rising consumer demand for eco-friendly transportation options. Although the sector has obstacles, it is anticipated that the growing acceptance of battery electric buses and the emphasis on energy conservation will lead to considerable development over the forecast period.
France Electric Bus Battery Pack Industry Segmentation
BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.
- The need for eco-friendly transportation options is fueling the expansion of the French electric bus battery pack market. Government programs intended to cut greenhouse gas emissions and encourage the use of electric buses are likely to have a considerable positive impact on the industry. The rising popularity of battery electric buses is one of the major factors propelling growth in the French electric bus battery pack market. Due to government incentives and subsidies, battery electric buses are viewed as a more ecologically friendly alternative to diesel buses and are growing in popularity in France. As a result, there was a rise in demand for battery packs for electric buses during 2017-2022.
- Another factor driving growth in the French electric bus battery pack market is the increasing focus on energy efficiency. Battery pack manufacturers are developing new technologies and materials to improve the efficiency and performance of battery packs, which, in turn, are helping drive down costs and improve the overall economics of electric buses.
- The market for electric bus battery packs also confronts a number of difficulties. The high price of battery packs is one of the largest obstacles and may be an important barrier for many bus operators. Additionally, some bus operators may find the restricted range and recharge capabilities of electric buses to be an obstruction. The market for battery packs for electric buses in France is expanding as a result of the rising consumer demand for eco-friendly transportation options. Although the sector has obstacles, it is anticipated that the growing acceptance of battery electric buses and the emphasis on energy conservation will lead to considerable development over the forecast period.
| Propulsion Type | |
| BEV | |
| PHEV |
| Battery Chemistry | |
| LFP | |
| NCA | |
| NCM | |
| NMC | |
| Others |
| Capacity | |
| 15 kWh to 40 kWh | |
| 40 kWh to 80 kWh | |
| Above 80 kWh | |
| Less than 15 kWh |
| Battery Form | |
| Cylindrical | |
| Pouch | |
| Prismatic |
| Method | |
| Laser | |
| Wire |
| Component | |
| Anode | |
| Cathode | |
| Electrolyte | |
| Separator |
| Material Type | |
| Cobalt | |
| Lithium | |
| Manganese | |
| Natural Graphite | |
| Nickel | |
| Other Materials |
France Electric Bus Battery Pack Market Size Summary
The France Electric Bus Battery Pack Market is experiencing significant growth, driven by the increasing demand for eco-friendly transportation solutions. Government initiatives aimed at reducing greenhouse gas emissions and promoting electric bus usage are positively influencing the market. The rising popularity of battery electric buses, supported by incentives and subsidies, is a key factor propelling market expansion. Additionally, advancements in energy efficiency and battery pack technology are contributing to improved performance and cost-effectiveness, further enhancing the appeal of electric buses. Despite challenges such as high battery costs and limited range, the market is poised for substantial growth, supported by the growing acceptance of battery electric buses and a focus on energy conservation.
The competitive landscape of the French electric bus battery pack market is dominated by a few major players, with companies like Renault, Toyota Group, Peugeot, Hyundai, and Kia holding significant market shares. These companies benefit from strong brand recognition, extensive service networks, and diverse product offerings. The market is also witnessing a shift in consumer preferences towards electric compact SUVs, with models like the Renault Arkana and Captur gaining popularity. International brands are expanding their presence with a range of electric SUVs and sedans, contributing to the evolving EV landscape in France. The market remains fragmented, with key players such as Akasol AG, Blue Solutions SA, Contemporary Amperex Technology Co. Ltd., IRIZAR S.COOP., and Panasonic Holdings Corporation leading the charge. Collaborations and partnerships, like those between ElecSys France and Forsee Power, are further driving innovation and development in the sector.
France Electric Bus Battery Pack Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 BEV
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1.1.2 PHEV
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1.2 Battery Chemistry
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1.2.1 LFP
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1.2.2 NCA
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1.2.3 NCM
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1.2.4 NMC
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1.2.5 Others
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1.3 Capacity
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1.3.1 15 kWh to 40 kWh
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1.3.2 40 kWh to 80 kWh
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1.3.3 Above 80 kWh
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1.3.4 Less than 15 kWh
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1.4 Battery Form
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1.4.1 Cylindrical
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1.4.2 Pouch
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1.4.3 Prismatic
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1.5 Method
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1.5.1 Laser
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1.5.2 Wire
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1.6 Component
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1.6.1 Anode
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1.6.2 Cathode
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1.6.3 Electrolyte
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1.6.4 Separator
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1.7 Material Type
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1.7.1 Cobalt
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1.7.2 Lithium
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1.7.3 Manganese
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1.7.4 Natural Graphite
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1.7.5 Nickel
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1.7.6 Other Materials
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France Electric Bus Battery Pack Market Size FAQs
How big is the France Electric Bus Battery Pack Market?
The France Electric Bus Battery Pack Market size is expected to reach USD 7.23 million in 2024 and grow at a CAGR of 24.40% to reach USD 21.53 million by 2029.
What is the current France Electric Bus Battery Pack Market size?
In 2024, the France Electric Bus Battery Pack Market size is expected to reach USD 7.23 million.
