Electric Vehicle on Board Charger Market 2022-2028

Description

List of Tables

Title:Global Electric Vehicle On Board Charger Market Size, Share and Trends Analysis Report, By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Propulsion Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV)), By Power Output (<20KW and <20KW), Forecast Period (2022-2028).

The global electric vehicle on board charger market is expected to grow at a significant CAGR of 19.6% during the forecast period. The onboard charger in electric vehicles consists of a unit that comprises a variety of signal conditioning solutions, AC rectifiers, dual bridgeless power factor correction (PFC), gate drivers, and other power electronic components. The rise in the sale of electric vehicles as an alternative to fuel vehicles to reduce the percentage of carbon emission generated by automobiles is expected to fuel the market growth. For instance, according to Argonne National Lab in 2019, nearly 320,000 electric vehicles have been sold in the US, and more than 43,00 public charging station is located in the US. However, the recent upsurge in investment in electric vehicles by the transport sector demonstrates a change of exemplars, such as the development of wireless, bi-directional and fast chargers. The increase in the sale of electric vehicles and integrated advanced features in the charging station contribute to the growth of the global electric vehicle on-board charger market.

The global electric vehicle on board charger system market is segmented based on vehicle type, propulsion type, and power output. Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on propulsion type, the market is segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). Based on power output, the market is segmented into <20KW and >20KW. Based on propulsion type, the hybrid electric vehicle (HEV) segment is expected to grow at a steady rate. The growth is mainly attributed owing to the rising demand for fuel-efficient automobiles across the globe, as these vehicles utilize power from automotive batteries. Moreover, the integration of a combustion engine with the electric system makes a hybrid vehicle more economical and easy to drive

Geographically, the global electric vehicle on board charger market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. European electric vehicle on board charger market is driven by the rising concern of greenhouse gas emissions generated by petrol and diesel automobiles, along with the presence of key players such as Zues Scooters, Lightyear, and ORTEN electric trucks in the European market. For instance, according to the European Commission, the EU announced in December 2019 to reduce the greenhouse gas emissions from transport by 90% by 2050, the transport sector accounts for nearly one-quarter of all greenhouse gas emissions in the EU.

The major companies serving the global electric vehicle on board charger market include Eaton Corp., Infineon Technologies AG, Toyota Industries Corp., BorgWarner Inc., and Innoelectric GmbH. The market players are contributing significantly to the market growth by the adoption of various strategies including partnerships, mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Volkswagen and BP entered into a strategic partnership to the launched first charger for electric vehicles in Dusseldorf, Germany Europe. Volkswagen's innovative Flexpole 150kW charging units, consisting of two charge points, have an integrated battery storage system, overcoming one of the biggest obstacles to the rapid roll-out of fast charging infrastructure in Europe, and fulfilling the need for high-powered grid connections. An additional 4,000 charge points were installed at BP's Aral retail sites in Germany and BP retail sites in the UK over the next 24 months. By the end of 2024, up to 8,000 charge points are going to be available across Germany, the UK, and other European countries.

Research Methodology

The market study of the global electric vehicle on board charger market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Electric Vehicle on Board Charger Market Research and Analysis by Vehicle Type
Global Electric Vehicle on Board Charger Market Research and Analysis by Propulsion Type
Global Electric Vehicle on Board Charger Market Research and Analysis by Power Output

The Report Covers:

Comprehensive research methodology of the global electric vehicle on board charger market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global electric vehicle on board charger market.
Insights about market determinants that are stimulating the global electric vehicle on board charger market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026796

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Eaton Corp.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Infineon Technologies AG
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. BorgWarner Inc.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Innoelectric GmbH
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Toyota Industries Corp.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Electric Vehicle On Board Charger Market by Vehicle Type
- 4.1.1. Passenger Vehicles
- 4.1.2. Commercial Vehicles
4.2. Global Electric Vehicle On Board Charger Market by Propulsion Type
- 4.2.1. Battery Electric Vehicle (BEV)
- 4.2.2. Hybrid Electric Vehicle (HEV)
- 4.2.3. Plug-In Hybrid Electric Vehicle (PHEV)
4.3. Global Electric Vehicle On Board Charger Market by Power Output
- 4.3.1. <20KW
- 4.3.2. >20KW

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Bel Fuse Inc.
6.2. Brusa Elektronik AG
6.3. Current Ways
6.4. Delta Electronics, Inc.
6.5. Ficosa Group
6.6. Hangzhou Aodi Electronic Control Co. Ltd.
6.7. Stercom Power Solutions GmbH
6.8. STMicroelectronics NV
6.9. Turntide Technologies Inc.
6.10. Xepics Ltd.