Powering Up : Forecasting the $10.82 Billion Electric Vehicle On-Board Charger Market by 2027

Allied Market Research published a report, titled, "Electric Vehicle On Board Charger Market by Power Output (Less than 10kW, 10kw to 20kw, and More than 20kW), Vehicle Type (Electric Passenger Car, Electric Vans, Electric Buses, Electric Medium Duty Vehicles, Electric Heavy Duty Vehicles, Electric Agriculture Tractors, Electric Construction Equipment, Electric Mining Vehicles and Electric & Hybrid Boats and ships), and Propulsion Type (BEV, HEV and PHEV): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global electric vehicle on board charger industry was estimated at $2.15 billion in 2019, and is anticipated to hit $10.82 billion by 2027, registering a CAGR of 22.4% from 2020 to 2027.

A charging station is part of the grid infrastructure installed along a street, parking lot or in a home garage; its primary purpose is to supply the power to the different types of electric vehicles (PHEV, BEV and HEV's) for charging the battery. The AC charging system is commonly an on-board charger mounted inside the vehicle, and it is connected to the grid when the vehicle is plugged in. An onboard charger is responsible for the final stage of charging the battery pack. It takes the AC power source from the EVSE and transforms the power into the required battery-charging profile.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/A06307

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

In 2019, by power output type, the less than 10kW segment generated the highest revenue.

In 2019, by vehicle type, the electric passenger car segment was the highest revenue contributor.

In 2019, by propulsion type, the HEV segment was the highest revenue contributor.

In 2019, by vehicle type and power output, the electric passenger car in less than 10KW segment was the highest revenue contributor.

In 2019, by region, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐫𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬-

Surge in penetration of electric vehicles and rise in government initiatives for development of electric vehicle charging infrastructure and related components fuel the growth of the global electric vehicle on board charger market. On the other hand, lack of standardization of EV charging and increased installation of DC fast chargers restrain the growth to some extent. However, development of two-way on-board chargers for future electric and plug-in hybrid vehicle is expected to create multiple opportunities for the key players in the industry.

𝐓𝐡𝐞 𝐇𝐄𝐕 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐛𝐲 𝟐𝟎𝟐𝟕-

Based on propulsion type, the HEV segment accounted for nearly half of the global electric vehicle on board charger market share in 2019, and is expected to rule the roost by the end of 2027. This is attributed to the fact that Hybrid electric vehicles (HEVs) incorporate the benefits of gasoline engines and electric motors, as they carry both propulsion techniques such as ICE coupled with EV, and can be configured to meet different objectives such as improved fuel economy, increased power, or additional auxiliary power for electronic devices and power tools. The BEV segment, on the other hand, would grow at the fastest CAGR of 23.5% throughout the forecast period. This is due to the fact that BEV vehicles have longer electric driving ranges as compared to PHEVs.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/electric-vehicle-on-board-charger-market/purchase-options

𝐓𝐡𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐩𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐜𝐚𝐫 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐭𝐡𝐞 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐭 𝐬𝐡𝐚𝐫𝐞-

Based on vehicle type, the electric passenger car segment contributed to around two-thirds of the global electric vehicle on board charger market revenue in 2019, and is anticipated to lead the trail during the study period. Rise in sale of four wheeler vehicles and improvements in charging infrastructure needed for charging different electric vehicles are creating demand for on board chargers equipped with them. This factor drives the segment growth. At the same time, the electric buses segment would register the fastest CAGR of 26.2% till 2027. Increasing investment in the sector from public and private sources is expected to significantly escalate the number of light & medium duty electric buses on road which, in turn, propels the segment growth.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜, 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐝 𝐛𝐲 𝐄𝐮𝐫𝐨𝐩𝐞 𝐚𝐧𝐝 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐠𝐚𝐫𝐧𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝟐𝟎𝟏𝟗 -

Based on geography, Asia-Pacific, followed by Europe and North America, held the major share in 2019, generating nearly half of the global electric vehicle on board charger market. Availability of raw material, government regulations, rise in urbanization, increase in fuel prices, surge in trend toward adopting non-fossil fuel-based vehicles, cheap labor cost, and increase in disposable income drive the market growth in this region. Simultaneously, Europe would manifest the fastest CAGR of 23.1% by 2027. Increase in investment in R&D activities related to electric vehicles and rise in demand for electric vehicle across the continent fuel the market growth.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

Bel Power solution
Current Ways Inc.
Ficosa Internacional SA,
Toyota Industries Corporation
Innoelectric GmbH
Eaton
Stercom Power Solutions GmbH
BRUSA Elektronik AG
Xepics Italia SRL
AVID Technology Limited
Delphi Technologies
Infineon Technologies AG
STMICROELECTRONICS
Hangzhou Aodi Electronic Control Co., Ltd.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A06307

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 & 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/europe-electric-vehicle-chargers-market - Europe Electric Vehicle Chargers Market Size, Share, Competitive Landscape and Trend Analysis Report by Vehicle Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles), Charging Type (On-board Chargers and Off-board Chargers), and End User (Residential and Commercial): Opportunity Analysis and Industry Forecast, 2017 - 2023

https://www.alliedmarketresearch.com/electric-vehicle-charging-systems-market - Electric Vehicle Charging System Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Home Charging Systems and Commercial Charging Systems), Mode of Charging (Plug-in Charging System and Wireless Charging System) and Charging Voltage Level (Level 1, Level 2, and Level 3): Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market - Wireless Electric Vehicle Charging Market Size, Share, Competitive Landscape and Trend Analysis Report by Vehicle Type (BEV, PHEV, CEV), by Distribution Channel (OEMS, AFTERMARKET), by Charging Method (CWPT, MGWPT, RIPT, IPT), by Installation (Home, Commercial), by Power Source (3?11 KW, 11-50 KW, >50 KW): Global Opportunity Analysis and Industry Forecast, 2020-2030

https://www.alliedmarketresearch.com/turbocharger-market - Turbocharger Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Twin-Turbo, Wastegate Technology, and Variable Geometry Technology), Fuel Type (Diesel and Gasoline), Application (Light Commercial Vehicle, Heavy Commercial Vehicle, Ships & Aircrafts, Agriculture & Construction,and Locomotives), Material (Cast Iron and Aluminum), and End-User (Original Equipment Manufacturer and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020 - 2027

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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