Welcome!

News Feed Item

China to Emerge as the World's Largest Market for Green Energy Transit Buses, Projects Frost & Sullivan

Governments' commitment toward green energy fuels hybrid and electric powered vehicles market

SHANGHAI, Nov. 29, 2012 /PRNewswire/ -- Rapid urbanization and the consequent rise in the demand for public transit systems could well make China the largest market for transit buses in the world. Being a largely state-driven market, it is expected to benefit the most from the upcoming hybridization and electrification programs. This provides global original equipment manufacturers (OEMs) and suppliers with opportunities to develop strong and sustainable partnerships with Chinese OEMs and suppliers.

New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of the Chinese Hybrid and Electric Transit Bus Market, finds that the total hybrid and electric transit bus sales in China are expected to reach over 12,000 units by 2018, from 3,374 units in 2011. By 2018, the hybrid and electric powertrain penetration in transit buses is anticipated to be more than 14 percent.

The total transit bus sales are likely to exceed 80,000 units by 2018, cementing China's domination of the global transit bus market. This is compelling OEMs to develop innovative products, technologies, and supply chains that can help reduce the high upfront and lifecycle costs of these vehicles.

"The market for hybrid and electric transit buses is experiencing considerable momentum due to volatile energy prices, consumers' awareness about fuel efficiency, and recent green incentives by the Chinese government aimed at promoting alternative powertrain technologies," said Frost & Sullivan Industry Analyst Bharani Lakshminarasimhan. "Of all alternative powertrain technologies, hybrid technology places the least pressure on existing infrastructure."

However, customers consider hybrid and electric buses prohibitively priced and their unproven reliability and duty cycle limitations discourage large-scale investment. Nascent battery technology and poor charging infrastructure along transit corridors are additional deterrents.

The price sensitivity of Chinese customers is accelerating the implementation of strategies aimed at reducing the upfront costs of the base vehicle, hybrid/electric drivetrain, or both. OEMs' desire to differentiate themselves is impelling them to reduce operation costs and improve product quality. Key components such as modules and battery systems could become more expensive in the short term due to OEMs' dependence on foreign suppliers.

In such a scenario, partnerships are the way forward. Collaborations with foreign suppliers will help local OEMs to develop cost-effective hybrid and electric components. The motor/generator manufacturing base will expand, as foreign and local suppliers establish their units, catering to both the local and export markets.

"Simultaneously, for western suppliers, partnering with local OEMs will help them gain access to many markets such as Africa, South America, Middle East, and the Association of Southeast Asian Nations (ASEAN)," noted Lakshminarasimhan. "Localized production facilities and collaborations with transport authorities remain key differentiating factors for rapid market growth."

If you are interested in more information on this research, please send an email to Zhenhua Chen, Corporate Communications, at [email protected], with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Strategic Analysis of the Chinese Hybrid and Electric Transit Bus Market is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets: North American Medium-Heavy Commercial Vehicle Market, Brazilian Commercial vehicle Market, and Global Low-cost Truck Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Strategic Analysis of the Chinese Hybrid and Electric Transit Bus Market   
NADC-18

Contact:   
Zhenhua Chen   
Corporate Communications – China   
P: +86 21 5407 5780   
M: +86 1381 6974 015    
E: [email protected]

http://www.frost.com

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.