On-Board Charger - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global On-Board Charger Market is accounted for $1.43 billion in 2019 and is expected to reach $5.44 billion by 2027 growing at a CAGR of 18.2% during the forecast period. Development in electric vehicle charging system and growth in a number of the autonomous driving vehicle is propelling the market growth. However, the availability of other charging types in the market supporting electric vehicle charging at a low price is hampering the market growth.
The on-board charger takes alternating current (AC) input from a charging point and converts it to direct current (DC) to charge a vehicle battery. An on-board charger (OBC) is used in an electric vehicle (EV) or hybrid electric vehicle (HEV) to charge the traction battery.
Based on the vehicle type, the passenger vehicle segment is going to have a lucrative growth during the forecast period due to rising adoption of automated and hybrid cars globally. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to strong economic growth, high disposable income, and efforts made by the government in terms of regulations regarding vehicular emission.
Some of the key players profiled in the On-Board Charger Market include Texas Instruments, STMicroelectronics, Panasonic Corp., NXP Semiconductor N.V., Current Ways, Inc., Mitsubishi Electric Corp., Lear Corporation, Infineon Technologies AG, Eaton Corporation, Delta-Q Technologies Corporation, NOCO Company, Minn Kota (Johnson Outdoors Inc.), CLARIOS, BRUSA Elektronik AG, AVID Technology, and Delphi Technologies.
Propulsion Types Covered:
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
Power Outputs Covered:
• Less than 10 KW
• 10 KW–20 KW
• More than 20 KW
• Electric Vehicle (EV)
End Users Covered:
• OEMs (Original Equipment Manufacturer)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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