Press release
Global Electric Vehicle Onboard Charger Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028
The global electric vehicle on-board charger market is anticipated to grow at a significant CAGR of 21.8% during the forecast period (2022-2028). To charge the traction battery in an electric vehicle, hybrid electric vehicle (HEV), or plug-in hybrid car, an onboard charger is utilized. The onboard charger system of an electric car transforms AC grid power to DC input, which then charges the battery further. The battery can be recharged from the AC mains using the electronic components in the onboard charger, whether at home or at private or public charging stations.Get Sample Copy of Global Electric Vehicle Onboard Charger Market at: https://orionmarketreports.com/request-sample/?id=110721&submit=Request+Sample%0D%0A
Increased adoption of electric vehicles and government initiatives to establish electric vehicle charging infrastructure and related components are driving the electric vehicle onboard charger market. Furthermore, the development of a two-way onboard charger (V2G) for future electric and plug-in hybrid vehicles offers significant growth potential for electric vehicle on-board charger market players.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
In October 2021, the electric car charger was launched by ABB, a Swiss engineering company, to meet the growing demand for electric vehicles offered by Tesla, Hyundai, and other automakers.
In May 2019, BorgWarner released the latest onboard electric car charger with the highest power density in the industry. With the use of silicon carbide technology, the charger would give optimal power conversion efficiency to save energy and provide an extended range for vehicle makers and consumers.
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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Vehicle Type
By Propulsion Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Current Ways, Inc., Eaton Corporation PLC, STMicroelectronics N.V., Infineon Technologies AG, and Bel Fuse, Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Electric Vehicle On-Board Charger Market Report by Segment
By Vehicle Type
Passenger Car
Vans
Buses
Medium-Duty Vehicles
Heavy-Duty Vehicles
Agriculture Tractors
Construction Equipment
Mining Vehicles
Boats and Ships
By Propulsion Type
BEV
HEV
PHEV
A full report of Global Electric Vehicle Onboard Charger Market is available at:https://orionmarketreports.com/global-electric-vehicle-onboard-charger-market/110721/
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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