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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”.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
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 a 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 the 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 onboard 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:
Market Outlook, Segmentation and Statistics
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.
