In 2018, the Italian electric bus charging station market
generated a revenue of $12.3 million and is projected to reach $44.8 million in
2025, registering a 20.3% CAGR during the forecast period (2019–2025). The
market is growing due to the rising deployment of electric buses in public
fleet and government support for electric buses. Electric bus charging stations
are also known as electric vehicle supply equipment, charge points, and
electric recharging points and are utilized to charge the batteries of electric
buses.
In terms of type, the Italian electric bus charging station market is bifurcated into opportunity charger and overnight
charger. The market was dominated by the overnight charger category during the
historical period (2017–2018), holding a volume share of more than 65.0% in
2018. This was due to the rising preference of private and public agencies for
overnight charging buses, as their operational characteristics are similar to
those of diesel buses. This category is further going to account for the major
volume share of the market during the forecast period.
On the basis of power, the electric bus charging
station market is divided into <22 kW, 22–50 kW, 51–150 kW, and >150
kW. In 2018, the 22–50 kW division held the largest volume share of the market.
This was due to the fact that several electric bus manufacturers are launching
DC fast charging buses, which facilitate fast charging in less time and in a cost-efficient
manner. The fastest growth is predicted to be witnessed by the 51–150 kW
division during the forecast period.
A key driving factor of the Italy electric bus charging
station market is the increasing support by the government for the adoption
of electric buses. For example, the Italian government has kept aside an amount
of $4,371.55 million for the time period of 2019–2033 for shifting to electric
and other new-energy-fueled buses in sub-urban and urban areas. Because of such
initiatives, the traditional buses in the urban areas are projected to be
replaced by electric buses. Major cities such as Milan, Cagliari, and Turin are
changing their public transport rapidly.
The introduction of fast-charging stations is creating wide
opportunities in the Italian e-bus charging station market.
Various regions in the country are focusing on reducing their carbon emissions,
due to which cities and municipalities are increasingly becoming inclined
toward clean transportation, such as electric buses. This growing interest in
electric buses in the country has led the public-owned utilities and private
companies to increase their focus on installing fast-charging infrastructure.
Attributed to this, battery electric buses will be able to offer uninterrupted
service without carrying large batteries.
A key trend in the electric bus charging station
market is the increasing preference for opportunity charging buses. The
reason for this is the advantages provided by such buses over depot charging system-based
buses. Overnight charging is required in depot charging buses, due to which
their battery is larger. The large battery increases the weight of the buses
and requires significant space in the bus. In addition to this, range of the
bus is affected as well. Because of these factors, the preference for
opportunity charging system-based buses is on the rise in the country.
Thus, the market is growing considerably due to the rising
support by the country’s government for increasing the adoption of electric
buses.
