The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Electric Vehicle On Board Charger Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Electric Vehicle On Board Charger market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The electric vehicle on board charger market was valued at $2.15 billion in 2019, and is projected to reach $10.82 billion by 2027, registering a CAGR of 22.4% from 2020 to 2027. By vehicle type, the electric passenger car segment was the highest revenue contributor in 2019, accounting for $1.43 billion, and is estimated to reach $6.47 billion by 2027, registering a CAGR of 20.7% during the forecast period. In 2019, Asia-Pacific was anticipated to account for major market share.
An on-board charger (OBC) is used in an electric vehicle (EV), hybrid electric vehicle (HEV) or in plug-in hybrid vehicles to charge the traction battery. The on-board charger system equipped in electric vehicle that converts the AC input from the grid to a DC input, which further charges the battery. The electronic components used in on-board charger (OBC) provides the means to recharge the battery from the AC mains either at home or from outlets found in private or public charging stations.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Electric Vehicle On Board Charger market are included as given below:
Key players operating in the electric vehicle on board charger market are BRUSA Elektronik AG, Bel Power solution, Current Ways Inc., Toyota Industries Corporation, Innoelectric GmbH, Eaton, Stercom Power Solutions GmbH, Xepics Italia SRL, Delphi Technologies, AVID Technology Limited, Infineon Technologies AG, STMICROELECTRONICS, Hangzhou Aodi Electronic Control Co., Ltd. and Ficosa Internacional SA.
The global Electric Vehicle On Board Charger market has been segmented as below:
By Power Output
Less than 10kW
10kW to 20kW
More than 20kW
By Vehicle Type
Electric Passenger Car
Electric Buses
Electric Vans
Electric Medium Duty Vehicles
Electric Heavy Duty Vehicles
Electric Agriculture Tractors
Electric Construction Equipment
Electric Mining Vehicles
Electric And Hybrid Boat Ships
By Propulsion Type
BEV
HEV
PHEV
By Region
North America
o U.S.
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Netherlands
o Norway
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
LAMEA
o Latin America
o Middle East
o Africa
Reasons to Purchase this Report:
Estimates Electric Vehicle On Board Charger development trends with SWOT analysis
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion
Market dynamics scenario, along with growth opportunities for players in the years to come
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects