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Electric Vehicle On-board Charger Market

Electric Vehicle On-board Charger Market Size, Share and Segmentation by Vehicle Type (Passenger Car, Vans, Buses, Medium & Heavy-Duty Vehicles, Boats, Others), by Power Output (Less than 11 kW, 11 kW to 22 kW, more than 22 kW), by Propulsion Type (BEV, PHEV), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1598 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Electric Vehicle On-board Charger Market Size was valued at USD 4.70 billion in 2021 and is expected to reach USD 14.63 billion by 2028 and grow at a CAGR of 17.6% over the forecast period 2022-2028.

To charge the traction battery in an electric vehicle, hybrid electric vehicle, or plug-in hybrid car, an onboard charger is utilized. In an electric car, the onboard charger system transforms the AC input from the grid to a DC input, which then charges the battery. The electronic components of an onboard charger allow the battery to be recharged from the AC mains at home or from plugs found in private or public charging stations. In electric vehicles, the onboard charger is made up of a unit that comprises signal conditioning solutions, integrated high voltage isolation AC-DC converters, dual bridgeless power factor correction, gate drivers, error amplifiers, and other power electronic components.

Electric Vehicle On-board Charger Market Revenue Graph

A charging station is a piece of grid infrastructure that is built along a street, in a parking lot, or in a house garage, with the primary goal of providing power to various types of electric vehicles for battery charging. When the car is plugged in, the AC charging system is usually an onboard charger located within the vehicle that is connected to the grid. The final stage of charging the battery pack is handled by an onboard charger. It takes the AC power from the EVSE and converts it into the necessary battery-charging profile.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Government initiatives to improve electric vehicle charging infrastructure are on the rise.

  • The market for electric car onboard chargers is being pushed by a rise in the no. of electric vehicles.

RESTRAINTS: 

  • The absence of EV charging standardization.

  • The demand for electric vehicle onboard chargers may be stifled by an increase in the installation of fast DC chargers.

OPPORTUNITIES: 

  • The development of a two-way onboard charger (V2G) for future electric and plug-in hybrid vehicles.

  • Environmental concerns have prompted innovative efforts resulting in the development of mechanical needs.

CHALLENGES: 

  • During the coronavirus pandemic, sales of electric vehicle onboard chargers plummeted dramatically.

  • Uncertainty in raw material pricing is a major stumbling block.

  • The import/export of raw materials required for EV chargers has been halted during the global lockdown.

IMPACT OF COVID-19:

The impact of COVID on the market for electric car onboard chargers is unknown, however, it is projected to last through the second quarter of 2021. Governments all across the world have been obliged to focus on medical services as a result of the COVID-19 pandemic. As a result, governments are investing the majority of their money in the healthcare industry, which is hurting government investments and incentives in the electric vehicle market. Furthermore, due to the statewide lockout, electric car manufacturing plants were obliged to reduce their full operations. Due to the negative effects of the COVID-19 epidemic, actions and initiatives related to the development of electric vehicle onboard chargers have been delayed.

KEY MARKET PLAYERS:

Bel Fuse Inc.; Eaton; BRUSA Electronic AG, Bel Power solution, Current Ways Inc., Toyota Industries Corporation, Innoelectric GmbH, Eaton, Stercom Power Solutions GmbH, Xepics Italia SRL, Delphi Technologies, AVID Technology Limited, Infineon Technologies AG, Hangzhou Aodi Electronic Control Co., Ltd, STMicroelectronics; Ficosa Internacional SA, Delta Energy Systems, BRUSA Electronic AG; AVID Technology Limited; are some of the affluent competitors with significant market share in the Commercial Vehicle Telematics Market.

MARKET ESTIMATION: 

Market, By Vehicle Type:

Based on the vehicle type segment, the global market has been divided into passenger cars, Vans, Buses, Medium & Heavy-Duty Vehicles, Boats, and Others. In 2020, the passenger car category dominated the market, accounting for about 36.0 percent of global revenue. Onboard chargers are projected to become more popular as the number of electric passenger cars on the road grows.

Market, By Power Output:

The global market has been divided into Less than 11 kW, 11 kW to 22 kW, and more than 22 kW based on the power output segment. In 2020, the 11 kW to 22 kW category dominated the market, accounting for about 41.0 percent of global sales. Over the projected period, the category with less than 11 kW is expected to grow the fastest. In the future years, most electric vehicles will have onboard chargers ranging from 6 to 11 kW.

Market, By Propulsion Type:

Based on the propulsion type segment, the global market has been divided into BEV and PHEV. In 2020, the BEV category dominated the market, accounting for more than 68.0 percent of global sales. The propulsion is a Battery Electric Vehicle (BEV) provided by a plug-in charged battery. The market is moving forward due to the increased popularity of BEVs.

MARKET SEGMENTATION:

By Vehicle Type:

  • Passenger Car

  • Vans

  • Buses

  • Medium & Heavy-Duty Vehicles

  • Boats

  • Others

By Power Output:

  • Less than 11 kW

  • 11 kW to 22 kW

  • More than 22 kW

By Propulsion Type:

  • BEV

  • PHEV

Electric Vehicle On-board Charger Market Segment Chart

REGIONAL ANALYSIS:

North America, Europe, Asia-Pacific, and the rest of the globe make up the worldwide Electric Vehicle On-Board Charger market. The market is dominated by Asia-Pacific, followed by Europe and North America. In 2020, the Asia Pacific region dominated the market, accounting for about 38.0 percent of worldwide revenue. Government initiatives to promote electric car sales are increasing in nations like China and India, which is boosting the regional market growth. During the projected period, China is expected to lead the global market, while India is expected to develop at a substantial rate in Asia-Pacific. In APAC, China and Japan are the two most important markets for hybrid and electric vehicle onboard chargers.

This region's market will increase at a slower rate than other regions' markets. One of the primary factors facilitating the hybrid and electric vehicle on-board charger market expansion in APAC throughout the forecast period is the implementation of novel technology. Over the projection period, Europe is expected to grow significantly. Players in Europe are always working to increase their electric vehicle offers, which is increasing the demand for onboard chargers.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Electric Vehicle On-board Charger Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.70 Billion
Market Size by 2028 US$ 14.63 Billion
CAGR CAGR of 17.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Vehicle Type (Passenger Car, Vans, Buses, Medium & Heavy-Duty Vehicles, Boats, Others)
• by Power Output (Less than 11 kW, 11 kW to 22 kW, more than 22 kW)
• by Propulsion Type (BEV, PHEV)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Eaton; BRUSA Electronic AG, Bel Power solution, Current Ways Inc., Toyota Industries Corporation, Innoelectric GmbH, Eaton, Stercom Power Solutions GmbH, Xepics Italia SRL, Delphi Technologies, AVID Technology Limited, Infineon Technologies AG, Hangzhou Aodi Electronic Control Co., Ltd, STMicroelectronics; Ficosa Internacional SA, Delta Energy Systems, BRUSA Electronic AG; AVID Technology Limited
Key Drivers •Government initiatives to improve electric vehicle charging infrastructure are on the rise.

•The market for electric car onboard chargers is being pushed by a rise in the no. of electric vehicles.
RESTRAINTS •The absence of EV charging standardization.

•The demand for electric vehicle onboard chargers may be stifled by an increase in the installation of fast DC chargers.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Electric Vehicle On-board Charger Market Segmentation, by Vehicle Type

8.1 Passenger Car

8.2 Vans

8.3 Buses

8.4 Medium & Heavy-Duty Vehicles

8.5 Boats

8.6 Others

 

9. Global Electric Vehicle On-board Charger Market Segmentation, by Power Output

9.1 Less than 11 kW

9.2 11 kW to 22 kW

9.3 More than 22 kW

 

10. Global Electric Vehicle On-board Charger Market Segmentation, by Propulsion Type

10.1 BEV

10.2 PHEV

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 AVID Technology Limited,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Bel Fuse Inc.

12.3 Eaton

12.4 BRUSA Electronic AG

12.5 Bel Power solution

12.6 Current Ways Inc.

12.7 Toyota Industries Corporation

12.8 Innoelectric GmbH

12.9 Eaton

12.10 Stercom Power Solutions GmbH

12.11 Xepics Italia SRL

12.12 Delphi Technologies

12.13 AVID Technology Limited

12.14 Infineon Technologies AG

12.15 Hangzhou Aodi Electronic Control Co., Ltd

12.16 STMicroelectronics

12.17 Ficosa Internacional SA

12.18 Delta Energy Systems

12.19 BRUSA Electronic AG

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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