Global On-Board Charger market is expected to be around 18% during 2021-2026

The burgeoning governments incentive and support provided to both manufactures and consumers in order to upsurge the and production of sales of electric vehicle, rising number of autonomous vehicle and introduction of strict regulation by government to curb emission of GHG are the major factors driving the growth of Global On-Board Charger market. Besides these, extensive investment on charging infrastructure, surging research to improve power capacity of on-board AC chargers and snowballing demand for hybrid and battery electric vehicle are further projected to aid the growth of the market in the forecast period.

Key questions answered in the study
1. What are the current and future trends in global On-Board Charger market?
2. How the market has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for global On-Board Charger market?
5. What are the customer orientation, purchase behavior, and expectations from the global On-Board Charger market service provider across various regions?

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According to the MarkNtel Advisors’ research report, the CAGR of “Global On-Board Charger Market Analysis, 2021”, the Global On-Board Charger market is expected to be around 18% during 2021-26. The COVID-19 outburst not only affected the supply chain but also has a profound influence on the demand and production of electric vehicle due to the temporary closure of the manufacturing facilities in China, Europe and North America. However, a strong rebound in the sales of electric vehicle is estimated which would have an exponential impact on the demand for on-board charger in the forecast period.

“Global On-Board Charger Market Analysis, 2019” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting market growth, hotspots and opportunities available for On-Board Charger providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed analysis, visit: https://www.marknteladvisors.com/research-library/global-on-board-charger-market.html

Europe bagged the Largest market share
Europe bagged the largest market share in the Global On-Board Charger market in 2020. The electric vehicle market is propelling at a rapid rate in the region. The growth is attributed to stringent regulation by the government for carbon emission, burgeoning demand for BEV and increasing investment toward the development of charging infrastructure. Moreover, rising governments initiative to ban the sales of ICE vehicles by 2030 or 2040 would promulgate the demand for electric vehicle at an astronomical rate. Thereby, this would further contribute to the growth of global On-Board Charger in the forthcoming years, as revealed by MarkNtel Advisors’ research report “Global On-Board Charger Market Analysis, 2021”.

According to MarkNtel Advisors, the major leading players in the global On-Board Charger market are BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, and Ficosa Internacional etc.

Market Segmentation:
1. By Propulsion Type (Battery Electric Vehicle [BEV], Plug-in Hybrid Electric Vehicle [PHEV]
2. By Power Output (Less than 10 KW, 10 KW–20 KW, More than 20 KW)
3. By Vehicle Type (Passenger Cars, Commercial Vehicle)
4. By End-User (OEMs, Aftermarket)
5. By Region (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
6. By Country (U.S, Canada, Brazil, Germany, France, The U.K, Italy, Spain China, India, Japan, GCC, South Africa)
7. By Competitors (BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, and Ficosa Internacional, Others)

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