EV On-Board Chargers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An on-board charger (OBC) is a device that charges the traction battery in an electric vehicle (EV), a hybrid electric vehicle (HEV), or a plug-in hybrid vehicle. The on-board charger in an electric vehicle converts the grid's AC input to a DC input, which is then used to charge the battery. The electronic components in the on-board charger (OBC) enable the battery to be recharged from the AC mains, whether at home or at private or public charging stations. In electric vehicles, the on-board charger is made up of a unit with a range of signal conditioning solutions, integrated high voltage isolation AC-DC converters, AC rectifiers, dual bridgeless power factor correction (PFC), gate drivers, error amplifiers, and other power electronic components. More advancement in these types of charges is expected to escalate the market growth

MARKET DYNAMICS

The growing use of electric vehicle around the world and rising government initiatives for development of electric vehicle charging infrastructure are driving the growth of the EV on-board chargers market. However, the lack of standardization of EV charging and high cost may restrain the growth of the EV on-board chargers market. Furthermore, the development of a two-way on-board charger (V2G) for future electric and plug-in hybrid vehicle is anticipated to create market opportunities for the EV on-board chargers market during the forecast period.

MARKET SCOPE

The "Global EV On-Board Chargers Market Analysis to 2031" is a specialized and in-depth study of the EV on-board chargers market with a special focus on the global market trend analysis. The report aims to provide an overview of EV on-board chargers market with detailed market segmented by current type, propulsion type, vehicle type, and geography. The global EV on-board chargers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EV on-board chargers market players and offers key trends and opportunities in the EV on-board chargers market.

MARKET SEGMENTATION

The global EV on-board chargers market is segmented on the basis of current type, propulsion type, and vehicle type. On the basis of current type, the market is segmented as AC and DC. Further, based on propulsion type, market is segmented into BEV, HEV and PHEV. Similarly, based on vehicle type, market is segmented into the passenger cars, LCV and HCV.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global EV on-board chargers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The EV on-board chargers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting EV on-board chargers market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the EV on-board chargers market in these regions.

MARKET PLAYERS

The reports cover key developments in the EV on-board chargers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from EV on-board chargers market are anticipated to lucrative growth opportunities in the future with the rising demand for EV on-board chargers. Below mentioned is the list of few companies engaged in the EV on-board chargers market.

The report also includes the profiles of key EV on-board chargers market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Bel Fuse Inc.
  
•   BorgWarner Inc.
  
•   BRUSA Elektronik AG
  
•   Current Ways
  
•   Eaton Corporation
  
•   Infineon Technologies AG
  
•   Innoelectric AG
  
•   Stercom Power Solutions GmbH
  
•   TOYOTA INDUSTRIES CORPORATION
  
•   Xepics Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

EV On-Board Chargers Report Scope