Press release
On board Charger Market Set for Explosive Growth rate (CAGR) of 19.0% by 2030 | Emergen Research
On board Charger Market | Size
The on-board charger market is growing due to increased deployment of electric charging stations around the world. On-board chargers are used in electric cars that allow AC level 1 and level 2 charging. The flow of electricity from the grid to the battery is managed by an OBC. This means that on-board chargers must meet the grid's specifications in locations where it will be used.
Key On board Charger Market participants include Bel Fuse Inc., Delta Energy Systems, STMicroelectronics, Stercom Power Solutions GmbH, innolectric AG, BRUSA Elektronik AG, AVID Technology Limited, Ficosa Internacional SA, Kenergy Corp., and BorgWarner Inc.
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The coronavirus outbreak has led to drastic changes in the current On board Charger Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market's post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the On board Charger Market growth assessed on both regional and global levels.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key inclusions of the On board Charger Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
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Some Key Highlights from the Report :
The passenger cars segment is expected to lead, in terms of revenue, during the forecast period. Growing environmental concerns over rising CO2 emissions have prompted the development and selling of electric passenger vehicles around the world. The introduction of a technologically advanced electric vehicles has led to increased demand for autonomous vehicles. Government's increasing investments in manufacturing units is expected to drive demand for an onboard charger.
The battery electric vehicle (BEV) segment is expected to register a steady revenue growth rate during the forecast period. The propulsion of a BEV is provided by a plug-in charged battery. BEVs have an increased travel range and can store more energy for longer periods. Several companies, including Volkswagen, Audi, and Mercedes-Benz, account for the largest market share in the BEV segment.
Asia Pacific market is expected to account for the largest revenue share during the forecast period. Growth of the market in Asia Pacific is mainly attributed to increased demand in China as it is a major market for on-board chargers. BYD Qin Pro EV, Tesla Model 3, and GAC Aion S are the electric vehicles that use on-board chargers in China. In addition, increased government efforts in countries, such as China and India, to promote electric vehicle sales are boosting growth of regional market.
Emergen Research has segmented the global on board charger market based on power output, vehicle type, propulsion type, and region:
Power Output Outlook (Revenue, USD Million; 2019-2030)
Less than 11 kW
11 kW to 22 kW
More than 22 kW
Vehicle Type Outlook (Revenue, USD Million; 2019-2030)
Passenger Car
Buses
Vans
Medium and Heavy Duty Vehicles
Others
Propulsion Type Outlook (Revenue, USD Million; 2019-2030)
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Some of the key questions answered in this report:
What is the size of the overall On board Charger Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the On board Charger Market and how they are expected to impact the market?
What are the attractive investment opportunities within the On board Charger Market ?
What is the On board Charger Market size at the regional and country-level?
Who are the key market players and their key competitors?
What are the strategies for growth adopted by the key players in On board Charger Market ?
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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