How big is the EEG and EMG equipment market?
The global EEG and EMG equipment market size reached US$ 1,000.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,520.0 Million by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

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Electric Bus Industry Outlook- Factors such as the increasing environmental concerns due to surging greenhouse gas (GHG) emissions and improving operational efficiency of batteries and plunging battery costs are expected to propel the electric bus market at a vigorous CAGR of 14.9% during the forecast period (2021–2026). According to P&S Intelligence, 82,604 units of electric buses were sold in 2020. The burgeoning demand for these buses can also be ascribed to the long-term cost benefits offered by them.

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