Latest 2023 Development of the Thailand Electric Bus Market
Thailand Electric Bus Market has seen significant growth with several new developments and projects intended to promote market expansion. For instance, the Provincial Electricity Authority (PEA) has partnered with BMTA to install electric bus charging stations in Bangkok. Also, the Bangkok Electric Boat Company has launched electric boat services in the city, using a fleet of electric boats powered by lithium-ion batteries. These developments and projects indicate that the electric bus market in Thailand is forecast to grow in the forthcoming years by government initiatives and partnerships with several private companies.
The growth factors of the Thailand Electric Bus Market include government initiatives and incentives to promote the use of electric vehicles. In addition to this, environmental concerns such as air pollution have led to a shift towards the eco-friendly mode of transportation. Thus, the use of electric buses is seen as an effective solution to improving air quality in cities. In general, electric buses have lower operating costs than traditional diesel buses as they do not require fuel. Moreover, Thailand is experiencing rapid urbanization, and there is a growing demand for efficient and reliable public transportation.
Thailand Electric Bus Market Synopsis
The increase in regulations on the emission of greenhouse gas (GHG) and the reduction in battery prices are the drivers of the electric buses market in Thailand. The Electric bus market is driven by rapid technology developments concerning battery chemistry, powertrain architecture, and motors. The green environment issue, an initiative taken by the national and local governments would promote the growth of the electric bus market.
According to 6Wresearch, The Thailand Electric Bus Market size is estimated to grow during 2019-2025. Growing government initiatives to promote electric vehicle sales in the country would lead to a surge in demand for the electric bus market in the country. In 2019, Thailand and South Korea partnered for the development of electric buses in the country, which would reduce the cost of the buses leading to a further surge in demand. Thailand's government has plans to bid on more than 30 electric buses in the coming year.
Hybrid Electric buses have a greater market share as they are both fuel and electricity operated. Along with this, there is an increasing demand for ultra-fast charging stations which is another factor for an increase in the electric bus charging station market. Ultra-fast charging systems are becoming popular amongst charging station infrastructure providers and bus manufacturers.
The Thailand Electric Bus market report thoroughly covers the market by types, end users, regions and charging infrastructure. The Thailand Electric Bus market outlook report provides an unbiased and detailed analysis of the ongoing Thailand Electric Bus market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Thailand Electric Bus Market Overview
- Thailand Electric Bus Market Outlook
- Thailand Electric Bus Market Forecast
- Historical Data of Thailand Phototherapy Device Market Revenues for the Period 2015-2018
- Thailand Electric Bus Market Size and Thailand Electric Bus Market Forecast of Revenues, Until 2025
- Historical Data of Thailand Electric Bus Market Revenues, By Types, for the Period 2015-2018
- Market Size & Forecast of Thailand Electric Bus Market Revenues, By Types, until 2025
- Historical Data of Thailand Electric Bus Market Revenues, By End User, for the Period 2015-2018
- Market Size & Forecast of Thailand Electric Bus Market Revenues, By End User, until 2025
- Historical Data of Thailand Electric Bus Market Revenues, By Charging Infrastructure, for the Period 2015-2018
- Market Size & Forecast of Thailand Electric Bus Market Revenues, By Charging Infrastructure, until 2025
- Historical Data of Thailand Electric Bus Market Revenues, By Regions, for the Period 2015-2018
- Market Size & Forecast of Thailand Electric Bus Market Revenues, By Region, until 2025Market Drivers and Restraints
- Thailand Electric Bus Market Trends
- Market Opportunity Assessment
- Thailand Electric Bus Market Share, By Regions
- Thailand Electric Bus Market Share, By Players
- Thailand Electric Bus Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Thailand Electric Bus market report provides a detailed analysis of the following market segments:
By Vehicle Types:
- Plug-In Electric Bus
- Hybrid Electric Bus
- Battery Electric Bus
By End Users:
- Public
- Private
By Charging Infrastructure:
- Ground Contact
- Roof Pantograph
- Gantry Pantograph
- Plug Only
- Induction
Regions:
- Northern Region
- North Eastern Region
- Central Region
- Bangkok
- Vicinity
- Southern Region
