Market Highlights
The electric vehicle on-board charger market is operating with a market size projection to reach up to USD 7 billion in the present forecast years. The growth rate is specified as a CAGR of 20% for the present year, which is expected to rise in the coming times.The on-board charger in electric vehicles consists of the unit that includes variety of signal conditioning solutions, integrated high voltage isolation AC-DC converters, AC rectifiers, dual bridge less power factor correction (PFC), gate drivers, error amplifiers, and many other power electronic components.
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.
Key Players
Key players in the global Electric Vehicle On-board Charger market are Bel Power solution, BRUSA Elektronik AG, Current Ways Inc., Delphi Technologies, Eaton Corporation, Infineon Technologies AG, Innoelectric GmbH, Stercom Power Solutions GmbH, Toyota Industries Corporation, and Xepics Italia SRL.
Global Electric Vehicle On-board Charger Market
In 2019, Asia-Pacific Contributed Significantly to the Electric Vehicle On-board Charger Market in Terms of Share: MRFR
Based on region, the global Electric Vehicle On-board Charger market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific dominates the market, followed by Europe and North America. China dominated the global market in 2019, whereas India is expected to grow at a significant rate in Asia-Pacific during the forecast period. Around 55% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid and electric vehicle on-board charger in APAC. Market growth in this region will be slower than the growth of the market in other regions. The adoption of innovative technologies is one of the prime factors that will facilitate the hybrid and electric vehicle on-board charger market growth in APAC over the forecast period.
The global Electric Vehicle On-board Charger market has been segmented by Current Type, Propulsion Type, Vehicle Type, and region. Based on Current Type, the global Electric Vehicle On-board Charger market can be bifurcated into AC and DC. The AC segment is anticipated to grow at a significant CAGR in the coming years. By Propulsion Type, the Electric Vehicle On-board Charger market has been split into BEV, HEV, and PHEV. The BEV segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By Vehicle Type, the Electric Vehicle On-board Charger market has been split into passenger cars, LCV, and HCV. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years.
Global Electric Vehicle On-board Charger Market size is anticipated to register a significant CAGR of 22% Forecast Period.
Scope of the Report
This report provides an in-depth analysis of the global Electric Vehicle On-board Charger market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Electric Vehicle On-board Charger market by Current Type, Propulsion Type, Vehicle Type, and region.
Current Type
AC
DC
Propulsion Type
BEV
HEV
PHEV
Vehicle Type
Passenger Cars
LCV
HCV
By Region
North America
Asia-Pacific
Europe
Rest of the World
Continue.......
Top Trending Reports: –
Intelligent Traffic Management System Market
Comments
0 comment