On-board Charger Market - Trends Forecast Till 2028

Market Overview

The On-board Charger market size is projected to reach a CAGR of 17.3% from 2022 to 2028.

On-board Charger is an electric conversion charger that is used for converting of AC input to DC output which is used to charge the electric vehicle. It is necessarily required for the charging as per it maintains and manages the flow of battery from the grid to the vehicle. It is used to charge the battery when at public places.

The approval received for the AC level 2 chargers along with the overall cut down in the cost by the usage of charger are some of the factors that have supported long-term expansion for On-board Charger Market.

COVID-19 had a negative effect on the market as the supply chains and were disrupted along with the decreased disposable income.

Regional Analysis

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies along with expansion of market in the region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Bel Fuse Inc.
• Delta Energy Systems
• STMicroelectronics
• Toyota Industries Corporation
• Eaton
• Stercom Power Solutions GmbH
• innolectric AG
• BRUSA Elektronik AG
• AVID Technology Limited
• Ficosa Internacional SA

Recent Developments

• In March 2021, Eaton completely acquired Green Motion SA which a manufacturer and designer of electric vehicle charging software and hardware with an aim of expansion of its electric charging abilities.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for On-board Charger Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope