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On-Board Charger Market worth $22.52 billion by 2030, growing at a CAGR of 17.41% - Exclusive Report by 360iResearch
On-Board Charger Market | 360iResearch
The Global On-Board Charger Market to grow from USD 7.32 billion in 2023 to USD 22.52 billion by 2030, at a CAGR of 17.41%.
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An on-board charger (OBC) is an essential component in electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), responsible for converting alternating current (AC) from the electrical grid to direct current (DC) to charge the vehicle's battery pack. It is called on-board as the charger is integrated within the vehicle, allowing for convenient charging from standard electrical outlets or dedicated charging units. The drivers for OBCs include the rising demand for electric vehicles due to growing environmental concerns, supportive government policies and subsidies promoting EV adoption, technological advancements in EV infrastructure, and the desire for faster charging solutions. Furthermore, the increasing trend of vehicle electrification driven by the need for reduced greenhouse gas emissions bolsters their adoption. However, there are restraints, such as high costs associated with advanced OBCs, technical challenges related to heat management and efficiency, and interoperability standards across different regions, which could hamper expansion. Additionally, inadequate electric vehicle charging infrastructure can limit the adoption of OBCs. Integration with the smart grid and managing the impact on the power grid during peak charging times additionally pose a significant challenge. Moreover, significant opportunities, including the potential integration of renewable energy sources with charging infrastructure, advancement in wireless charging technology, increasing installation of private and public charging stations, and the integration of OBCs with fast-charging technology, are expected to drive the expansion of these components. Innovation in lightweight and high-efficiency chargers is expected to lead to opportunities in new EV segments, fostering expansion in the future.
Market Segmentation & Coverage:
This research report categorizes the On-Board Charger Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Power Output, market is studied across 11 kW to 22 kW, Less than 11 kW, and More than 22 kW. The More than 22 kW is projected to witness significant market share during forecast period.
Based on Propulsion Type, market is studied across Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). The Battery Electric Vehicle (BEV) is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Car. The Passenger Car is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the On-Board Charger Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the On-Board Charger Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the On-Board Charger Market, highlighting leading vendors and their innovative profiles. These include Aptiv Global Operations Limited, Avnet, Inc., Bel Power solution, BorgWarner Inc., BRUSA Elektronik AG, Current Ways Inc., Eaton Corporation PLC, EDN SRL, Electrodrive Powertrain Solutions Pvt Ltd., Embitel, Ficosa Corporation, Hyundai Mobis Co., Ltd., Infineon Technologies AG, KOSTAL Automobil Elektrik GmbH & Co. KG, L-CHARGE OPERATIONS UK LIMITED, LG Electronics Ltd., Mitsubishi Electric Corporation, Power Integrations, Inc., Semiconductor Components Industries, LLC, Stercom Power Solutions GmbH, STMicroelectonics N.V., TOYOTA INDUSTRIES CORPORATION, Valeo SA, VisIC Technologies, Ltd, and WOLFSPEED, INC..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. On-Board Charger Market, by Power Output
7. On-Board Charger Market, by Propulsion Type
8. On-Board Charger Market, by Vehicle Type
9. Americas On-Board Charger Market
10. Asia-Pacific On-Board Charger Market
11. Europe, Middle East & Africa On-Board Charger Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the On-Board Charger Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the On-Board Charger Market?
3. What is the competitive strategic window for opportunities in the On-Board Charger Market?
4. What are the technology trends and regulatory frameworks in the On-Board Charger Market?
5. What is the market share of the leading vendors in the On-Board Charger Market?
6. What modes and strategic moves are considered suitable for entering the On-Board Charger Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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