Spain electric bus market is estimated to grow at a considerable CAGR during the forecast period. Increasing awareness about green vehicles to reduce the level of greenhouse gases is a major factor to propel the growth of the Spain electric bus market. However, the high cost of electric buses in comparison to other conventional buses is a major factor that may restrict market growth. Technological advancements and growing adoption of high-end batteries to cut down the cost of electronic buses are anticipated to be major growth opportunities for the Spain electric bus market. 

The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on end-user, the market is sub-segmented into government and fleet owners. 

Spain electric bus market is composed of several local and international players. Some of the major market players operating in the market include BYD Co. Ltd., Irizar Corp., Jiangsu Alfa Bus Co., Ltd., Kiepe Electric GmbH, and Solaris, among others. These market players are anticipated to offer significant opportunities towards the growth of the market owing to their on-going R&D activities, investment in new technologies, and geographical expansion, among others. For instance, in May 2018, Irizar Corp. installed its plant in Aduna, Spain with an initial capacity of 1,000 vehicles per year for the manufacturing of electric buses along with other types of industrial vehicles to complement the electromobility needs of cities in Spain. 

Research Methodology

The market study of the Spain Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Spain Electric Bus Market Research and Analysis by Bus type 
• Spain Electric Bus Market Research and Analysis by Battery Type
• Spain Electric Bus Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Spain Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Spain Electric Bus market.
• Insights about market determinants which are stimulating the Spain Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.