AIOps Platform Market Trends, Current Demand, and Business Opportunities

 According to The Insight Partners’ research, the global AIOps Platform Market was valued at US$ 2,227.7 million in 2020 and is likely to reach US$ 19,933.5 million by 2028 to propagate at an annual growth rate of 32.2% from 2021 to 2028. Information technology exceeding human scale and the need for resource optimization are the potential factors attributed to the market expansion.

The traditional ways of controlling IT complexity with offline and manual activities do not operate any longer. It is not feasible to track and manage such complex systems by manual intervention. For many years, information technology (ITOs) exceeded human scale making the ecosystem critical. Companies started seeking a highly automated setup to enhance new product development by leveraging classified data. This spurred the need for AIOps platform to fulfill the industrial demands. AIOps consolidate all operations and applications into a single management portal with a simple dashboard view. Besides, it performs 90% of the operative part keeping the human interaction confined to only 10% of the entire task.

Installation of AIOps platforms automates the processes, thus negating human efforts. This resulted in the most efficient use of resources, which surged the need for resource optimization. With the help of AIOps, diverse technologies can be integrated and overhead time can be reduced effectively. Corporate automation optimizes the use of resources by discarding manual quality assurance (QA) and execution processes. AIOps with communication tools make it easier for teams and personnel to manage projects remotely. All these benefits together catalyze the global AIOps platform market.

Despite the driving parameters, the concerns regarding the adoption of modern solutions over traditional methodology hurdle the growth of the global AIOps platform market.

Based on component, the AIOps platform market is segmented into platforms and services. The former held 76.5% market share in 2020, generating US$ 1,703.1 million. It is estimated to garner US$ 15,681.9 million by 2028 to expand at a CAGR of 32.6% during 2021–2028.

As per deployment, the AIOps platform market sphere is arrayed into on-premises and cloud-based. With 63.5% market share, the cloud-based segment mounted US$ 1,414.6 million in 2020. Further, it is projected to hit US$ 13,170.2 million by 2028 to grow at 32.8% CAGR during the forecast period.

According to organization size, the global AIOps platform market is split into small & medium enterprises (SMEs) and large enterprises. The large enterprises segment occupied 68.6% market share in 2020. It accrued US$ 1,527.6 million in 2020 and is slated to amass US$ 12,952.0 million by 2028 to rise at a CAGR of 31.3% along the forecast period.

In terms of vertical, the AIOps platform market domain is categorized into BFSI, IT & telecom, manufacturing, government, and others; of which, the BFSI segment captivated 36.8% market share in 2020. It was evaluated at US$ 819.7 million in 2020 and is forecasted to be worth US$ 7,042.5 million by 2028 to exhibit a CAGR of 31.5% throughout the forecast period.

Regionally speaking, North America led the market, capturing 43.7% of the total business share in 2020. It stood at the valuation of US$ 972.8 million in 2020 and is likely to hit US$ 8,810.6 million by 2028, featuring a CAGR of 32.4% over the forecast period. Meanwhile, Asia Pacific registered the highest CAGR at 34.2% and accounted a sum of US$ 461.9 million in 2020 and is supposed to be worth US$ 4,664.4 million by 2028.

The prominent players profiled in the global AIOps platform market report are BMC Software, Inc; IBM Corporation; AppDynamics; Broadcom Inc; Dynatrace LLC; HCL Technologies; Micro Focus; Moogsoft Inc; Resolve Systems, LLC; and Splunk, Inc, among others.

• In June 2020, BMC Software introduced Automated Mainframe Intelligence (AMI), an AI-driven solution that uses machine learning to detect anomalies and maximize the lead time to prevent mainframe issues from becoming business problems.
• In November 2021, IBM Corporation collaborated with NeuReality to develop artificial intelligence (AI) interference platforms. The partners will evaluate NeuReality products, including system flows, AI use cases, networking, virtualization, security, in IBM’s hybrid cloud.
• In December 2020, Broadcom Inc launched the latest generation of AIOps, an open platform with artificial intelligence, machine learning (ML), and end-to-end observability that assist organizations in achieving operational excellence.

Automated Waste Collection System Market Size Incredible Possibilities And Growth Analysis

According to our latest market study on “Automated Waste Collection System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Stationary and Mobile); End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others), the market was valued at US$ 234.88  million in 2020 and is projected to reach US$ 365.37 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028. 

Europe drove the global automated waste collection system market with 42.1% income share in 2020, trailed by APAC and North America. The European region includes France, Germany, Russia, Italy, the UK, and the Remainder of Europe. The European market is a profoundly different market with a gathering of in excess of 40 nations in it. Western European nations are further developed compared to the NORDIC and other Eastern European nations. Therefore, there are more turns of events and advancements in the field of automation in the western part of Europe. On the other hand, economically strong nations like Germany, Italy, the UK, and Spain have witnessed significant growth in the implementation of automation solutions. Healthcare, automobile industry, food and beverage processing industry, commercial spaces like airports, and other public entertainment places are the greatest end users of automated waste collection systems.

In 2020, APAC stood second in the automated waste collection system market with a respectable share and it is anticipated to witness a steady CAGR from 2021 to 2028. APAC comprises India, China, Japan, Australia, South Korea, and Rest of APAC. Nations like Japan, India, China, Australia, Singapore, Taiwan, and Indonesia have a plethora of manufacturing industries owing to a different sector that includes electronics, food and beverage, chemicals, material, automobiles, and healthcare. Throughout the long term, the manufacturing spending of the region has grown significantly, and it is further anticipated to grow at the most elevated estimated growth rate. The amount of waste created by these industries has increased significantly throughout the long term. Owing to this reason, these industries have encountered an enormous change in the adoption of automated waste management systems. The Asian manufacturing sector is known to rapidly adopt innovation that include mechanical technology along with the emerging cloud and mobility advancements.

Further, improvements of smart cities in India and digitalization of industries are influencing the adoption of automated solutions across all verticals including waste management. Besides, rapid urbanization across the region has prompted an increase in municipal waste generation. As of late, electronic waste and plastic waste have added significantly to the overall waste stream. Untreated waste is unloaded in random locations in the edges of towns and villages, contaminating groundwater and polluting the air. Thus, there is a growing need to find blind spots in waste collection and transportation to increase effectiveness. Thus, these factors are influencing the requirement for automated waste collection and management systems across the region.

Impact of COVID-19 Pandemic on  Automated Waste Collection SystemMarket

The automated waste collection system manufacturers in the region, however experienced limited tremors as the governments in the region encouraged municipalities and private organizations to invest towards smart and intelligent waste or garbage collection and sorting solutions. Since, the residential waste volumes increased substantially, the demand for automated waste collection systems among the residential sector soared. However, due to disruption in supply chain caused by the limitation of human movements, resulted in slower deployment and installation of the AWCS in the US, Canada, and Mexico. This followed slower than usual revenue growth trend in the North American automated waste collection systems market.

Dairy Ingredients Market Research Insights Shared in Detailed Report

According to our latest market study, titled "Dairy Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Protein, Milk Powder, Milk Fat Concentrates, Lactose & Lactose Derivatives, and Others) and Application (Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, and Personal Care)," the market was valued at US$ 85,684.15 million in 2021 and is projected to reach US$ 105,295.16 million by 2028. It is expected to grow at a CAGR of 3.0% from 2021 to 2028.

Dairy ingredients incorporate milk powder, whey protein and casein, milk fat concentrates, lactose, and subordinates. Milk powder is delivered by pasteurizing, evaporating, and spray drying whole milk. The spray-dried milk powder is utilized in dry baking blends, candy parlors, flavor blends, and beverages. Whey protein is the result of cheddar and is thought and spray-dried into a powder. Dairy ingredients are widely utilized across food and beverages, drugs and nutraceuticals, creature feed, and individual consideration businesses.

In the food and beverage industry, dairy ingredients track down applications in bread shop and ice cream parlor items, frozen pastries, dairy items, beverages, and newborn child recipe. Dairy ingredients, for example, whey protein disengages and thinks, whey powders, and demineralized whey, are utilized in bread shop items to work on their surface and morsel strength. Whey proteins are broadly used to make protein supplements. Whey protein is viewed as one of the critical wellsprings of fundamental amino acids that assistance in further developing muscle strength. It is additionally advantageous for forestalling age-related muscle misfortune. Hydrolyzed milk protein is a successful hair conditioner that infiltrates the cortex, raising dampness levels and improving the hair's adaptability. It is likewise utilized in body care items like body creams, lotions, cleansers, and body washes since it hydrates the skin and gives it a characteristic sparkle. The rising demand for whey proteins across different end-use enterprises is probably going to fuel the market development over the forecast period.

Key players in the global dairy ingredients market include Agropur, Arla Foods Ingredients Group P/S, Lactalis Ingredients, Frieslandcampina, Saputo Inc., Fonterra Co-Operative Group Limited, Kerry, Amco Proteins, Prolactal, and Glanbia Ireland, among few others.

Impact of COVID-19 Pandemic on Dairy Ingredients Market

The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage industry is one of the leading industries, suffering severe disruptions, such as supply chain breaks and shutdowns of production plants due to the pandemic. The pandemic adversely affected the dairy industry owing to the raw material and labor shortage. Many small-scale dairy manufacturers faced a financial crisis due to the shutdown of manufacturing units. However, dairy ingredients, especially dairy proteins, witnessed significant demand due to increased health concerns. People increasingly preferred immunity-boosting food products and supplements, which propelled whey proteins. These factors positively boosted the growth of dairy ingredients market. Furthermore, with the rising vaccination rates and relaxation of government restrictions, the dairy ingredients market is expected to register positive growth over the coming years.

Industrial Starch Market is Set to Grow According to Latest Research

According to our latest market study on "Industrial Starch Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Native Endlessly starch Derivatives and Sweeteners), Source (Wheat, Corn, Potato, Cassava, and Others), and Application (Food and Beverages, Pulp and Paper, Animal Feed, Pharmaceuticals, and Others)," the market is expected to grow from US$ 67,353.01 million in 2022 to US$ 98,426.74 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players and their key developments in the market.

Starch is a naturally occurring, biodegradable, economic, and abundantly available polysaccharide particle. It is broadly distributed in the type of tiny granules as the major save carbohydrate in stems, grains, roots, and fruits of all types of green-leafed plants. Cereal grains, like corn, wheat, sorghum, and tubers, and roots, like potato, tapioca, and arrowroot,, are a portion of the commercial sources of starch for industrial exploitation. Industrial starch has various functional characteristics, including thickeners, sizing, stabilizers, fat replacers, and binding in various food and non-food applications. Industrial starch is manufactured using various sources, including cassava, corn, potato, and wheat. Besides, starch derivatives are used as a successful fermentation base for the mass production of various biotechnological items like vitamins, organic acids, hormones, and antibiotics.

Starch can be used to create bioplastics because of its high polysaccharide content. Amylose in starch causes retrogradation and gelatinization, which are crucial for film formation. In addition, the thermoplastic properties of starch are favorable for bioplastic production. The biodegradability of starch-based plastics makes them a sustainable alternative to conventional petrol based plastics. Manufacturers are investing in research and advancement to foster starch-based bioplastics with properties that look like conventional plastics. For instance, in December 2018, AGRANA Beteiligungs-AG, an Europe-based manufacturer of industrial items, fostered a bioplastic with a 50:50 mix of thermoplastic starch and biodegradable polyester. According to the TÜV-affirmed manure test, the item is totally biodegradable and leaves no microplastic buildups. Thus, the increasing use of starch for the improvement of industrial bioplastics and biodegradable materials is expected to create lucrative opportunities in the industrial starch market during the forecast time frame.

Although in 2021, the food industry held the largest share of the industrial starch market, industrial starch is also increasingly used in various other end-use applications, such as building materials, paper, pharmaceuticals, and cosmetics. In addition, native starch is used in a variety of applications. However, due to its structure, it is restricted in some applications such as building materials, paper, cosmetics, and pharmaceuticals. Industrial starches are used in different food types such as baby foods, baked food, snacks, and confectionaries. The demand for industrial starch is increasing for bakery and other convenience food products. Due to their functional properties, native starches are considered essential ingredients in the industry. Some key functions include shelf-life extension, preventing undesired hydration, rendering the desired texture and mouthfeel, and encapsulating other ingredients.

Agrana Beteiligungs-AG; ADM; Ingredion Incorporated; Roquette Frères; Tereos Group; Cargill, Incorporated; Tate & Lyle PLC; Grain Processing Corporation; Royal Cosun; and AVEBE are among the key players that collectively hold the majority of the industrial starch market share.

Impact of COVID-19 Pandemic on Industrial Starch Market

The COVID-19 pandemic led to adverse effects on the global food and beverage industry due to the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. Disruptions in the supply of raw materials to manufacturers and containment measures hampered industrial starch production. The discontinuation of operations and value chains due to the shutdown closure of national and international boundaries hampered the growth of the packaging, consumer goods, automotive and transportation, textiles, and building & construction industries. However, many businesses started gaining ground as governments worldwide eased out the previously imposed restrictions from 2021. Further, end-use industries are increasingly focusing on using eco-friendly and sustainable products, encouraging manufacturers to focus on developing industrial starch products.

Industrial Starch Market Size, by Region, 2021

The "Industrial Starch Market Analysis to 2028" is a specialized and in-depth study of the food & beverage industry, focusing on the industrial starch market trend analysis. The report aims to provide an overview of the industrial starch market with detailed segmentation. The industrial starch market is segmented on the basis of type, source, application, and geography. Based on type, the market is segmented into native starch and starch derivatives & sweeteners. Based on source, the industrial starch market is segmented into wheat, corn, potato, cassava, and others. Based on application, the industrial starch market is segmented into food & beverages, pulp & paper, animal feed, pharmaceuticals, and others. Based on geography, the industrial starch market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the industrial starch market.

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Hair Extension Market Overview and Regional Outlook Study

 At 4.1% CAGR, the global hair extensions market is anticipated to accumulate US$ 4,929.13 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the global hair extensions market was valued at US$ 3,561.76 million in 2020 and is anticipated to be worth US$ 4,929.13 million by 2028, expanding at 4.1% CAGR from 2021 to 2028. Increasing adoption of self-grooming products, rising disposable income, and improving living standards of middle class population are the vital factors credited for this expansion.

Rise in disposable income and the need to enhance physical appearance among consumers are propelling the demand for self-grooming products such as hair extensions and wigs. The improvement in quality of life, the positive effects of personal care on self-esteem and social interaction, and the gradual consumer shift toward luxury and premium self-grooming products are a few factors that are likely to propel the market growth during the forecast period. Moreover, the surge in per capita disposable incomes has augmented discretionary spending, which has boded well for hair extension manufacturers. Rising incidence of hair fall among the global populace and increasing popularity of beauty products and personal grooming are other factors likely to influence the market growth.

The global middle-class population, which is the next potential consumer segment for the personal care and cosmetic industry, has increased significantly. With the increase in per capita disposable income among the middle-class population, their shopping behavior and living standards are changing rapidly which will raise the demand for hair extensions and facilitate market augmentation. On the other hand, the unethical practices in the hair industry will likely hinder market augmentation over the forecast timeframe.

In terms of type, the global hair extensions market is split into tape-in, fusion & pre-bonded, clip-in, and others. Among these, the clip-in segment captured 47.64% of the market share in 2020. The segment was assessed at US$ 1,696.73 million in 2020 and is slated to gather US$ 2,291.97 million by 2028, expanding at 3.8% CAGR during the forecast period.

Based on source, the market is bifurcated into human and synthetic hair. Of these, the synthetic hair segment accounted for 58.04% of the market share in 2020. The segment was estimated at US$ 2,067.36 million in 2020 and is predicted to amass US$ 2,830.36 million by 2028, growing at 4.0% CAGR over 2021–2028.

As per end user spectrum, the global hair extensions market is divided into men and women. Among these, the women segment amounted for 87.78% of the market share in 2020. The segment was evaluated at US$ 3,126.68 million in 2020 and is projected to reach US$ 4,320.77 million by 2028, registering 4.1% CAGR over the forecast timeframe.

From the regional frame of reference, North America held a significant share in the global hair extensions market in 2020. The region was appraised at US$ 1,264 million in 2020 and is projected to accrue US$ 1,679.35 million by 2028, expanding at 3.6% CAGR over 2021–2028. Meanwhile, APAC is predicted to register 5% CAGR, the highest growth rate globally. The region is also likely to gather US$ 1,032.65 million by 2027.

Leading companies influencing global hair extensions market dynamics are Great Lengths S.p.A; Balmain Paris Hair Couture; Easihair Pro SA; Klix Hair Inc.; Locks & Bonds; Anhui JinRuiXiang Hair Product Co., Ltd; Evergreen Products Group Limited; SO.CAP.USA; Cinderella Hair Extensions; and Barclaywolf Hair Extensions.

Fuel Cell Vehicles Market Trends, Emerging Technologies, Size and Market Segments by Forecast to 2028

 According to our latest market study on "Fuel Cell Vehicles Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Electrolyte, Power Output, Vehicle Type, and Industry,” the market is projected to reach US$ 6,051.17 million by 2028 from US$ 570.43 million in 2021; it is estimated to grow at a CAGR of 40.1% from 2021 to 2028.

Fuel cell vehicles are primarily powered by hydrogen-powered fuel cells. Numerous countries across the globe are strategizing toward the higher adoption of fuel cell vehicles. Currently, most of the hydrogen produced globally is from fossil fuels; stakefolders in the fuel cell vehicle market are focusing on the adoption of green hydrogen. The declining cost of green hydrogen is expected to have a positive impact on the growth of the fuel cell vehicle market during the forecast period. According to statistics from the European Commission, green hydrogen produced through renewable sources costs between the range of US$ 2–6/kg. It is estimated that price of hydrogen will decline to below US$ 1/kg by 2030. Some of the major factors expected to drive the demand for green hydrogen include the development of electrolytes, increasing market players, economies of scale, and growing industrial applications. The US government has setup numerous strategies targeting a complete clean energy economy by 2050. For instance, the State Government of California in the US has committed to invest US$ 20 million every year until 100 hydrogen fueling stations are built in the state. Countries in Europe have also taken up numerous initiatives to boost the demand for fuel cell vehicles in the region. For instance, according to the Hydrogen Roadmap Europe, 45 million hydrogen-powered fuel cell vehicles are expected to be on the European roads by 2050. Such initiatives to boost the adoption of clean energy sources by various nations across the globe are expected to drive the demand for fuel cell vehicles during the forecast period.

Fuel cell vehicles compete with plug-in electric vehicles to expand the market for alternative fuel vehicles. It provides advantageous features such as it takes less time to get fully charged, has a longer range of more than 300 miles, and emits water vapor and warm air that makes it more lucrative for adopting fuel cell vehicles in North American countries. Increasing investment in R&D to develop fuel cell technologies is augmenting the market growth. For instance, the US Department of Energy (DOE) has announced its plan to invest US$ 100 million in the next five years to advance hydrogen and fuel cell technologies. This investment is made with an aim to enable resiliency, energy security, and economic growth across various sectors. Thus, the growing adoption of emission-free vehicles to achieve the Paris agreement, coupled with booming investment prospects and regulatory supports, is the prominent factor attributed to the growth of the fuel cell vehicles market.



Impact of COVID-19 Pandemic on Global Fuel Cell Vehicles Market

According to the latest situation report from World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Italy, Germany, Argentina, and South Africa are among the worst-affected countries due to the COVID-19 outbreak. The pandemic has disturbed fuel cell vehicle businesses and vendors around the globe. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the fuel cell vehicles market industry.

Key Findings of Study:

The fuel cell vehicles market is analyzed on the basis of electrolyte, power output, vehicle type, and geography. Based on electrolyte, the fuel cell vehicle market is bifurcated into PEFC and PAFC. In 2020, the PEMFC segment led the fuel cell vehicle market, accounting for a larger market share. By power output, the fuel cell vehicle market is categorized into up to 100 kW, 100–200 kW, and above 200 kW. In 2020, the up to 100 kW segment accounted for the largest market share. Based on vehicle type, the fuel cell vehicle market is segmented into passenger cars, buses, trucks, light commercial vehicles. In 2020, the passenger cars segment accounted for the largest market share.

Electric Bus Market News, Regional Insights, Top Key Players and Segment Analysis by Forecast to 2027

Rising Production of Low-Cost Lithium Ion-Phosphate Batteries to Provide Growth Opportunities For Electric Bus Market during 2021–2028

According to our latest market study on “Electric Bus Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Vehicle Type, Hybrid Powertrain, Battery, End User, and Application,” the Electric Bus market was valued at US$ 29,179.51 million in 2021 and is projected to reach US$ 105,808.15 million by 2028; it is expected to grow at a CAGR of 20.2% from 2021 to 2028.

Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are becoming increasingly used in electric buses. Batteries made of lithium-ion phosphate are cost-effective and robust. Due to its speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. The growing need for longer driving ranges has led the market participants to implement technical enhancements to increase the operational efficiency of the batteries. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Further, the production of high-density Nickel, Manganese, and Cobalt (NMC) batteries required government sactions, and intellectual property rights, therefore, new entrants entering into the market may face some challenges. In Asia Pacific, the China, Japanese, and Korean manufcaturers are the leading suppliers of LFP batteries. The governmnets in this region are supporting domestic battery suppliers which give them compitative edge over foreign competitors such as LG Chem and Samsung. For instance, CATL and BYD sold 78% of electric bus lithium-ion batteries in China in 2018, and both companies chose LFP batteries for electric buses. Thus, the rising production of low-cost lithium ion-phosphate batteries will create opportunities for the market.

The electric bus market is segmented on the basis of vehicle type, hybrid powertrain, battery, end user, and geography. Based on vehicle type, the electric bus market is segmented into battery electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery electric bus segment led the electric bus market with a share of 93.5% in 2020 and expected to account for 95.3% of the total market by 2028. Based on hybrid powertrain, the electric bus market is segmented into series parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment led the electric bus market with a share of 64.3% in 2020 and is expected to garner 63.6% share by 2028. Based on battery, the electric bus market is segmented into Lithium iron phosphate (LFP) and Lithium Nickel Manganese Cobalt Oxide (NMC). The Lithium iron phosphate (LFP) segment led the electric bus market with a share of 85.7% in 2020 and is expected to garner 87.3% share by 2028. Based on end user, the electric bus market is bifurcated into public and private. The public segment led the electric bus market with a share of 88.2% in 2020. Further, it is expected to garner 86.3% share by 2028. Geographically, the Electric Bus market is segmented into five key regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America held the largest revenue share in 2020, followed by Europe and APAC. The electric bus market in Asia Pacifc is projected to grow at the fastest rate from 2021 to 2028.

Impact of COVID-19 Pandemic on North America Electric Bus Market
The outbreak of the COVID–19 has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID–19, the automotive industry was experiencing substantial growth in terms of production, sales, and technological advancements.

The US automotive manufacturers witnessed the most severe impact of COVID-19 in 2020 with enactment of lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The health and economic crises led to major disruptions in the electric bus industry, impacting everything from supply chain and manufacturing to product sales. However, progress in vaccination programs and opening up of production facilities would stimulate demand for cars, thereby boosting the demand for electric bus for enhanced safety in the coming years. Initiatives such as the zero-emission vehicle mandates is projected to increase EV purchases in North America. Such policies can bolster charging infrastructure plans, and structure stimulus packages. Effective policy tools to mitigate greenhouse gases for the transport sector can further support EV adoption. This can boost the demand for electric bus market

King Long United Automotive Industry Co. Ltd; AB Volvo; Shenzhen Wuzhoulong Motors Co., Ltd; BYD Company Limited; Daimler; AGAlexander Dennis Limited; EBUSCO; Proterra Solaris Bus & Coach S.A; and NFI Group Inc are among the leading companies operating in the global electric bus market.

 
1.1.1 Electric Bus Market – by Geography, 2020 and 2028 (%)
1.1.2

Source: The Insight Partners Analysis