Market Research Report
Global On-Board Charger Market 2019-2025
|Global On-Board Charger Market 2019-2025|
Published: July 26, 2019
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global On-Board Charger Market Size, Share, Market Intelligence, Company Profiles, Market Trends, Growth, Strategy, Research and Analysis Report by Charging Power Range (Between 3 to 3.7 kW and More than 6.6 kW) by Application (Electric Vehicle and Boats) and Forecast 2019-2025
On-board chargers convert the alternation current (AC) power into direct current (DC) energy that is stored in the battery. The batteries in EV store energy as DC energy which is used to power electric vehicles and boats. The rising demand for electric vehicles is expected to boost the on-board charger market in the near future. An electric vehicle is a battery-powered vehicle. The major advantages of the electric vehicle are that it does not produce pollution. Further, the operation cost and fuel cost of the electric vehicle is lower as compared to internal combustion engine vehicle. Most of the batteries used in the e-vehicle are rechargeable and recyclable. As per the International Energy Agency, about 750 thousand electric vehicles were sold in 2016 globally. Such a high demand for electric vehicles due to its various benefits is creating enormous opportunities for the global on-board charger market in the near future.
The global on-board charger market is segmented on the basis of charging power range and application. On the basis of charging power range, the market is segmented into the charger with power between 3 to 3.7 kW and greater than 6.6 kW. And on the basis of application, the market is segmented into electric vehicle and boats. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The major players manufacturing the on-board chargers for electric vehicles include Panasonic Corp., Lear Corp., Current Ways, Inc., IES Synergy, Eaton Corp. plc, and others. Moreover, some top players providing the marine on-board chargers include Minn Kota, ProMariner and NOCO. Moreover, BRUSA Elektronik introduced the battery charger NLG6 for EVs which is capable of operating on a three-phase current. Such innovation is expected to drive the market for on-board charger market.
The market study of the global on-board charger market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in 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 macroeconomic 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 the authenticity of our reports.
The report is intended to automobile manufacturers, private companies, and government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.