Market Size of south america electric bus battery pack Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 9.76 Million |
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Market Size (2029) | USD 28.62 Million |
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Largest Share by Propulsion Type | PHEV |
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CAGR (2023 - 2029) | 19.63 % |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Electric Bus Battery Pack Market Analysis
The South America Electric Bus Battery Pack Market size is estimated at 9.76 million USD in 2023, and is expected to reach 28.62 million USD by 2029, growing at a CAGR of 19.63% during the forecast period (2023-2029).
9.76 Million
Market Size in 2023 (USD)
28.62 Million
Market Size in 2029 (USD)
0.00 %
CAGR (2022-2022)
19.63 %
CAGR (2023-2029)
Largest Segment by Propulsion Type
99.16 %
value share, PHEV, 2022
Due to carbon free emissions, low maintenance, and government requirements, inexpensive technology over PHEV, BEV e-buses dominate South America.
Largest Segment by Battery Chemistry
56.32 %
value share, NCM, 2022
Fats charging capability, high energy density, require less space over other batteries are factors making the NMC batteries the top seller for e buses in South America.
Largest Segment by Battery Form
54.44 %
value share, Pouch, 2022
Due to its low cost, simple built with fewer electrical connections, great energy density, and safety, prismatic batteries dominate the South American e-bus industry.
Largest Segment by Capacity
72.11 %
value share, Above 80 kWh, 2022
Intercity travel, affordable long-distance transit, and simple accessibility are driving demand for big buses with batteries beyond 250 kWH in South America.
- In many of the countries falling under the South America region, buses are one of the main modes of public transit. Old traditional buses emit a lot of carbon dioxide due to ICE engines, therefore during the recent years, demand for electric buses has gradually grown in various South American countries such as Brazil, Chile, colombia etc. The demand for electric buses increased by xx% in 2021 over 2017 due to growing government's imposition of strict EV regulations, promotion of EVs through subsidies and rebates, rise in green transportation to cut down the carbon emission. As a result, the demand for battery packs for battery electric buses and plug in hybrid electric buses also increased by xx% in 2021 over 2017 throughout the region.
- Electric buses are gradually increasing in countries under the region. As of 2022 in South America, Chile has one of the highest demands of various type of electric buses and battery packs to power them. Chile has more than 800 buses being the major contributor to the battery market, some of the other countries such as Brazil, Colombia, Peru is also contributing to the growth of battery packs owing to the growing demand for electric buses in these countries gradaully. As a result, the region has witnessed a growth in the demand of electric buses by xx% in 2022 over 2021.
- Various companies are getting orders of electric buses from different countries falling under the region. In November 2022, the Chinese automaker BYD has announced to deliver 100 electric buses chassis in Sap Paulo, Brazil by the 1st half of 2023. These chassis will be further assembled to electric buses, which will also increase the demand of the battery packs for various types of buses such as battery electric and PHEB. Such developments are expected to enhance the demand for the battery packs during the forecast period in South America.
Understand The Key Trends Shaping This Market
South America Electric Bus Battery Pack Industry Segmentation
BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.
- In many of the countries falling under the South America region, buses are one of the main modes of public transit. Old traditional buses emit a lot of carbon dioxide due to ICE engines, therefore during the recent years, demand for electric buses has gradually grown in various South American countries such as Brazil, Chile, colombia etc. The demand for electric buses increased by xx% in 2021 over 2017 due to growing government's imposition of strict EV regulations, promotion of EVs through subsidies and rebates, rise in green transportation to cut down the carbon emission. As a result, the demand for battery packs for battery electric buses and plug in hybrid electric buses also increased by xx% in 2021 over 2017 throughout the region.
- Electric buses are gradually increasing in countries under the region. As of 2022 in South America, Chile has one of the highest demands of various type of electric buses and battery packs to power them. Chile has more than 800 buses being the major contributor to the battery market, some of the other countries such as Brazil, Colombia, Peru is also contributing to the growth of battery packs owing to the growing demand for electric buses in these countries gradaully. As a result, the region has witnessed a growth in the demand of electric buses by xx% in 2022 over 2021.
- Various companies are getting orders of electric buses from different countries falling under the region. In November 2022, the Chinese automaker BYD has announced to deliver 100 electric buses chassis in Sap Paulo, Brazil by the 1st half of 2023. These chassis will be further assembled to electric buses, which will also increase the demand of the battery packs for various types of buses such as battery electric and PHEB. Such developments are expected to enhance the demand for the battery packs during the forecast period in South America.
| Propulsion Type | |
| BEV | |
| PHEV |
| Battery Chemistry | |
| LFP | |
| NCA | |
| NCM | |
| NMC | |
| Others |
| Capacity | |
| 15 kWh to 40 kWh | |
| 40 kWh to 80 kWh | |
| Above 80 kWh | |
| Less than 15 kWh |
| Battery Form | |
| Cylindrical | |
| Pouch | |
| Prismatic |
| Method | |
| Laser | |
| Wire |
| Component | |
| Anode | |
| Cathode | |
| Electrolyte | |
| Separator |
| Material Type | |
| Cobalt | |
| Lithium | |
| Manganese | |
| Natural Graphite | |
| Nickel | |
| Other Materials |
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South America Electric Bus Battery Pack Market Size Summary
The South America Electric Bus Battery Pack Market is experiencing significant growth, driven by the increasing demand for electric buses as a primary mode of public transit across the region. Countries like Brazil, Chile, and Colombia are leading this shift, motivated by stringent government regulations on emissions, incentives for electric vehicle adoption, and a broader push towards sustainable transportation solutions. The transition from traditional internal combustion engine buses to electric variants is supported by the availability of subsidies and rebates, which are encouraging the adoption of battery electric and plug-in hybrid electric buses. This shift is further bolstered by the region's commitment to reducing carbon emissions and promoting green transportation initiatives.
The market for electric bus battery packs is expected to expand substantially, with countries such as Chile contributing significantly to this growth due to their high demand for electric buses. The involvement of major automotive companies, like BYD's delivery of electric bus chassis in Brazil, underscores the increasing investment in electric bus infrastructure. Additionally, the potential for further growth is evident in Brazil and Argentina, where the automobile market is expanding, and there is a strong governmental push towards renewable energy and electric vehicle adoption. Policies and incentive programs, such as those in Colombia, are expected to further accelerate the electrification of vehicles, enhancing the market landscape for electric bus battery packs in South America.
South America Electric Bus Battery Pack Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 BEV
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1.1.2 PHEV
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1.2 Battery Chemistry
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1.2.1 LFP
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1.2.2 NCA
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1.2.3 NCM
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1.2.4 NMC
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1.2.5 Others
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1.3 Capacity
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1.3.1 15 kWh to 40 kWh
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1.3.2 40 kWh to 80 kWh
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1.3.3 Above 80 kWh
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1.3.4 Less than 15 kWh
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1.4 Battery Form
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1.4.1 Cylindrical
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1.4.2 Pouch
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1.4.3 Prismatic
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1.5 Method
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1.5.1 Laser
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1.5.2 Wire
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1.6 Component
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1.6.1 Anode
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1.6.2 Cathode
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1.6.3 Electrolyte
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1.6.4 Separator
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1.7 Material Type
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1.7.1 Cobalt
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1.7.2 Lithium
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1.7.3 Manganese
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1.7.4 Natural Graphite
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1.7.5 Nickel
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1.7.6 Other Materials
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South America Electric Bus Battery Pack Market Size FAQs
How big is the South America Electric Bus Battery Pack Market?
The South America Electric Bus Battery Pack Market size is expected to reach USD 9.76 million in 2023 and grow at a CAGR of 19.63% to reach USD 28.62 million by 2029.
What is the current South America Electric Bus Battery Pack Market size?
In 2023, the South America Electric Bus Battery Pack Market size is expected to reach USD 9.76 million.
