On-Board Charger is used on hybrid and electric vehicle is helps in converting the AC power into DC energy so that it can be stored in the battery.
Market Segmentation
Passenger Car Accounted for the Largest Market Share
Based on Vehicle Type, Passenger Car accounted for the largest market share in the Global On-Board Charger market in 2019. The growing environment concern due to rising CO2 emission level has propelled the production and sales of an electric passenger vehicle globally. The launch of a technologically advanced electric vehicle, burgeoning demand for autonomous vehicle and snowballing investment by the government toward manufacturing unit are expected to contribute to robust demand for the on-board charger. Moreover, the escalating adoption of automated and hybrid cars by the customer is placing a positive influence on the growth of the global On-Board Charger market in 2021 as revealed by the MarkNtel Advisors’ research report “Global On-Board Charger Market Analysis, 2021”.
Market Opportunities
According to the MarkNtel Advisors’ research report, “Global On-Board Charger Market Analysis, 2021”, the market is expected to grow at a CAGR of around 18% during 2021-26. The ongoing investment toward charging infrastructure and electric vehicle production facility, upsurge in government initiative to propel the sales of electric vehicle and rise in customer inclination toward autonomous driving vehicle are the major factors promising lucrative growth of on-board charger market. Moreover, the increasing transportation electrification, introduction of EV charging service in the countries such as India, and potential demand for electric vehicles for ride-hailing services are predicted to place a lucrative opportunity for the growth of on-board charge market in the forecast period.
Impact of COVID-19
The COVID-19 pandemic has profoundly impacted the market growth of on-board charge. This is due to significant disruption in the supply chain, and halt on ongoing EV charging infrastructure in the developing countries and a temporary shutdown of the production facility has adversely impacted the demand for electric vehicle. However, the market is back on track, thus the demand for electric vehicle is started the gain pace. Hence, this is projected to fuel the growth of the market.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global On-Board Charger market are BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, and Ficosa Internacional SA.,etc.
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global On-Board Charger Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the Global On-Board Charger Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in Global On-Board Charger Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global On-Board Charger Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on Global On-Board Charger Market
2) Market Size & Analysis
a) By Revenue
b) By Quantity Sold
3) Market Share & Analysis
a) By Propulsion Type
i) Battery Electric Vehicle [BEV]
ii) Plug-in Hybrid Electric Vehicle [PHEV]
b) By Power Output
i) Less than 10 KW
ii) 10 KW–20 KW
iii) More than 20 KW
c) By Vehicle Type
i) Passenger Vehicle
ii) Commercial Vehicle
d) By End-User
i) OEMs
ii) Aftermarket
e) By Region
i) North America On-Board Charger Market Outlook, 2016-2026F (USD Million)
(1) The US On-Board Charger Market Outlook, 2016-2026F (USD Million)
(2) Canada On-Board Charger Market Outlook, 2016-2026F (USD Million)
(3) Mexico On-Board Charger Market Outlook, 2016-2026F (USD Million)
ii) South America On-Board Charger Market Outlook, 2016-2026F (USD Million)
(1) Brazil On-Board Charger Market Outlook, 2016-2026F (USD Million)
iii) Europe On-Board Charger Market Outlook, 2016-2026F (USD Million)
(1) The UK On-Board Charger Market Outlook, 2016-2026F (USD Million)
(2) Germany On-Board Charger Market Outlook, 2016-2026F (USD Million)
(3) France On-Board Charger Market Outlook, 2016-2026F (USD Million)
(4) Italy On-Board Charger Market Outlook, 2016-2026F (USD Million)
(5) Spain On-Board Charger Market Outlook, 2016-2026F (USD Million)
iv) Asia-Pacific On-Board Charger Market Outlook, 2016-2026F (USD Million)
(1) China On-Board Charger Market Outlook, 2016-2026F (USD Million)
(2) India On-Board Charger Market Outlook, 2016-2026F (USD Million)
(3) Japan On-Board Charger Market Outlook, 2016-2026F (USD Million)
v) Middle East & Africa On-Board Charger Market Outlook, 2016-2026F (USD Million)
(1) GCC On-Board Charger Market Outlook, 2016-2026F (USD Million)
(2) South Africa On-Board Charger Market Outlook, 2016-2026F (USD Million)
f) By Competitors
i) Competition Characteristics
ii) Market Share & Analysis
iii) Competitive Metrix
4) Global On-Board Charger Market Hotspots & Opportunities
5) Global On-Board Charger Value Chain Analysis
6) Global On-Board Charger Market Regulations & Policy
7) Key Strategic Imperatives for Success and Growth
8) Global Competition Outlook
a) Competition Matrix
b) Company Profile
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global On-Board Charger Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million and thousand units.
Q. What would be the growth rate or CAGR of Global On-Board Charger Market during 2021-26?
A. The Global On-Board Charger Market is expected to grow at a CAGR of 18% during 2021-26.
Q. Who are the key competitors or players operating in Global On-Board Charger Market?
A. BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, and Ficosa Internacional, are few of the leading players in the Global On-Board Charger Market.
Q. Which vehicle types segment would emerge as an opportunity area for players in Global On-Board Charger Market?
A. Passenger vehicle is expected to attain the CAGR of more than 50% during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global On-Board Charger Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global On-Board Charger Market.