MarkNtel Advisors released the "India Truck and Bus Air Conditioning Market Research Report (2024-2030)." The report indicates that truck and bus air conditioning system in India are expected to grow at a strong compound annual growth rate of approximately 6.7% between 2024 dan 2030. Infrastructure development, rising passenger demand, and government support primarily drive this growth.
Details:
1. Accelerated road infrastructure development: India's national and state highway networks are expanding, driving the modernization of its commercial vehicle fleet.
2. Policy support: The government is promoting the electrification of public transportation, encouraging the purchase of new energy buses, and increasing driver comfort and safety requirements.
3. Upgraded passenger demand: Demand for electric buses is growing, and demand for comfortable transportation is increasing among private schools, businesses, and institutions.
1. Electrification Wave:
The government is pushing for carbon emission reduction targets, which is accelerating the adoption of electric buses and trucks. This policy shift is opening opportunities for operators to upgrade their fleets. As more electric buses hit the road, their bus air conditioning system becomes a valuable selling point, delivering greater passenger comfort and enhancing tourism appeal.
2. E-commerce and Logistics Growth:
The surge in e-commerce and delivery services in urban areas has increased demand from logistics companies for electric trucks equipped with air conditioning. Air conditioning in electric trucks ensures driver comfort, cargo safety, and sustainable operations.
3. Climate:
India's climate is characterized by extreme heat. This creates a rigid demand for bus air conditioning. For bus drivers operating in temperatures exceeding 45°C, air conditioning is crucial for safety and efficiency.
4. Sustainability Requirements:
Sustainability goals drive businesses, encouraging them to choose more comfortable and environmentally friendly transportation.
5. Mandatory Policies and Regulations:
The Indian government mandates that N2/N3 trucks be equipped with air conditioning, prompting truck manufacturers to upgrade their product lines.
1. Policy-driven Retrofit Trend: The mandatory installation of air conditioning in trucks by 2025 will create a massive market for retrofit upgrades for existing truck fleets.
2. Demand for commercial bus air conditioning Systems: With the rapid growth in sales of electric buses and trucks, new models will be equipped with air conditioning systems as standard or as an option.
3. Government Upgrade Demand: Government investment in improving public transportation quality is driving the purchase of air-conditioned buses.
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The report notes that TKT holds a significant market share in India's bus air conditioning system sector. Its innovative products and localization strategy are driving the green transformation of India's public transportation. TKT is a global leader in climate control and new energy management solutions for buses. We have once again captured the industry's attention with our exceptional performance in the Indian market. Dalam 2018, Kami menubuhkan kilang canggih di Pune. Seterusnya, we established OEM partnerships with Fortune 500 automakers TATA Motors and Olectra.
Dalam dua tahun yang lalu, states like West Bengal, Karnataka, and Tamil Nadu have seen an acceleration in infrastructure investment and electric bus initiatives. TKT's extensive experience and local expertise allow us to provide advanced bus air conditioning system solutions. Our products are continuously optimized to suit India's challenging road and climate conditions.
1. Developing an integrated bus air conditioning and battery cooling system (BTMS) specifically designed for electric buses, ensuring efficient operation of the battery pack and passengers in high-temperature environments.
2. Launching 120-240kW DC fast-charging stations to support the development of India's electric bus network.
3. Adaptability to extreme environments: Developing corrosion-resistant air conditioning housings and high-efficiency compressors tailored to India's high temperature and high humidity climate ensures stable operation of air conditioning systems for transit buses in high-temperature environments.
4. Localized service network: Establishing service centers in Chennai, Pune, and other areas, providing 72-hour emergency repair response. Training over 200 Indian technicians to build a localized service ecosystem.
Sumber data: MarkNtel Advisors, TKT official website and publicly disclosed information.
The video shows us shipping to the Indian market.
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