Russia Electric Bus Market to Grow at Double Digit CAGR During Forecast Period
Rising population along with government efforts to boost the
use of clean fuel vehicles to drive Russia electric bus market through 2024
According
to TechSci Research report, “Russia Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024”, Russia electric bus market is anticipated to grow at a double
digit growth rate during the forecast period on account of increasing
government focus and growing consumer awareness towards reducing noise, air
pollution and greenhouse emissions. Moreover, electric buses provide enhanced comfort,
possess superior image and have lower total cost of ownership, thereby boosting
their adoption in the country.
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Russia electric bus market is segmented based on seating type, battery type, application,
bus length, region and company. Based on seating type, the market can be categorized
into up to 30-seater, 31-40-seater and above 40. The up to 30-seater segment is
the dominant segment in Russia electric bus market and is poised to grow at an
impressive rate in the coming years as well. This is due to the placed order of
procurement of new electric buses under this segment with automakers. On the
basis of battery type, the market can be bifurcated into lead acid and lithium
ion. Lithium ion is the preferred battery type as these batteries have
relatively lower weight.
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GAZ Group, JSC KAMAZ, LIAZ, Belkommunmash,
among others are some of the leading players operating in Russia
electric bus market. “Central Federal
District is anticipated to witness significant adoption of electric buses as
the region is the home to the cosmopolitan capital, Moscow, which accounted for
one-eighth of all pollutants released by vehicles in 2017. In order to reduce
air pollution and greenhouse emissions, the city has purchased 100 electric
buses, as of May 2019, and the city has the largest electric bus fleet in
Europe. Furthermore, Moscow plans to purchase only passenger electric buses
after 2021.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Russia Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of Russia electric bus market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Russia electric bus market.
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