Electric Vehicle On-Board Charger Market is driven by increasing adoption of electric vehicles | Innoelectric GmbH, Eaton, Stercom Power Solutions GmbH, Xepics Italia SRL

New York, According to a new market research report published by Global Insight Services Electric Vehicle On-Board Charger Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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An electric vehicle on-board charger (EVOBC) is a device used to charge the batteries of electric vehicles (EVs). It is typically installed on the vehicle itself and may be integrated with the vehicle's electrical system. The EVOBC converts AC power from the grid into DC power, which is then used to charge the batteries.

Key Trends

The key trends in electric vehicle on-board charger technology are smaller size, lighter weight, higher efficiency, and more flexibility.

Smaller size: As electric vehicles become more popular, the demand for onboard chargers that take up less space has increased. This has led to a trend of manufacturers making onboard chargers that are smaller in size.

Lighter weight: Another trend is for onboard chargers to be made with lighter materials, such as aluminum, which makes them easier to carry and install.

Higher efficiency: On-board chargers are also becoming more efficient, meaning that they can convert more of the electricity they receive into usable energy for the vehicle.

More flexibility: Some onboard chargers are now able to work with different types of electrical outlets, including both AC and DC, making them more versatile and convenient.

Key Drivers

The key drivers of the EVOBC market are the increasing adoption of electric vehicles, the need for faster charging, and the need for more efficient charging.

The increasing adoption of electric vehicles is the primary driver of the EVOBC market. The number of electric vehicles on the road is increasing every year, as more and more consumers are choosing to switch to EVs.

The need for faster charging is another key driver of the EVOBC market. EV batteries take a long time to charge, and this can be a major inconvenience for EV owners.

The need for more efficient charging is also a driver of the EVOBC market. Traditional chargers waste a lot of energy as heat, but EVOBCs are much more efficient. This means that they can charge batteries in a shorter amount of time, which is more convenient for EV owners.

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Market Segments

The electric vehicle on-board charger market is segmented by vehicle, propulsion, and region. By vehicle, the market is classified into electric passenger cars, electric buses, electric vans, and others. Based on propulsion, it is bifurcated into BEV, HEV, and PHEV. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global electric vehicle on-board charger market includes players such as 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, and others.

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Reasons to buy Electric Vehicle On-Board Charger Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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