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.
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
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 17.3% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
Power output, vehicle type, propulsion type and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
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 |
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Available Customization |
In addition to the market data for On-board Charger Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
On-board Charger Market is segmented into Power output, vehicle type, propulsion type and region.
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