The IMARC Group's latest research report, titled "On-Board Charger Market Report by Power (Less Than 11 kW, 11 kW to 22 kW, More Than 22 kW), Vehicle Type (Passenger Car, Buses, Vans, Medium and Heavy Duty Vehicles, Boats, and Others), Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), Distribution Channel (OEMs, Aftermarket), and Region 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on the On-Board charger market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the On-Board Charger Market?
The global on-board charger market size reached USD 6.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 27.4 Billion by 2032, exhibiting a growth rate (CAGR) of 16.76% during 2024-2032.
Emerging Trends in the Global On-Board Charger Market:
The global market is primarily driven by the increasing demand for electric vehicles (EVs) due to rising environmental concerns and governmental regulations. Moreover, continual advancements in battery technology are making EVs more efficient, further fueling the need for on-board chargers. Furthermore, the adoption of fast-charging solutions is supporting market growth as consumers prioritize reduced charging times. Additionally, the expansion of EV infrastructure across various regions is creating more opportunities for on-board charger manufacturers.
Besides, growing government incentives for EV purchases and charging infrastructure developments are positively impacting the market. Moreover, the shift toward renewable energy sources in automotive charging is bolstering the demand for efficient charging systems. Furthermore, the increasing adoption of plug-in hybrid electric vehicles (PHEVs) is contributing to the rising demand for on-board chargers. Besides, advancements in vehicle-to-grid (V2G) technologies are also driving the market as they offer bidirectional charging capabilities.
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Scope and Growth Analysis of the Global On-Board Charger Market
The scope of the market is broadening due to the rising demand for high-performance on-board chargers. The integration of advanced electronics and smart charging technologies allows for greater energy efficiency and enhanced user control. Additionally, the growing trend toward electric mobility in emerging markets is creating new opportunities for manufacturers to expand their presence. Regional incentives and collaborations between governments and private players are further fostering market expansion.
Furthermore, as automotive manufacturers focus on developing lighter and more compact chargers, the market is expected to witness substantial growth in innovation. Moreover, the development of wireless charging technologies, which are expected to become more prevalent in the coming years. As per market analysis, these advancements, coupled with rising consumer demand for cleaner and more efficient energy solutions, are contributing to the sustained growth of the global on-board charger market.
According to the research report, here are some of the top leading companies operating in the on-board charger industry:
Bel Fuse Inc.
BRUSA Elektronik AG
Delta Energy Systems
Ficosa International SA
Innolectric AG
KOSTAL Automobil Elektrik GmbH & Co. KG
Robert Bosch GmbH
Semiconductor Components Industries LLC
Stercom Power Solutions GmbH
STMicroelectronics N.V.
Texas Instruments Incorporated
Toyota Industries Corporation
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/on-board-charger-market
Key Market Segmentation:
Power Insights:
Less Than 11 kW
11 kW to 22 kW
More Than 22 kW
According to the report, 11 kW to 22 kW represented the largest segment.
Vehicle Type Insights:
Passenger Car
Buses
Vans
Medium and Heavy Duty Vehicles
Boats
Others
According to the report, passenger car accounted for the largest market share.
Propulsion Type Insights:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
According to the report, battery electric vehicle (BEV) represented the largest segment.
Distribution Channel Insights:
OEMs
Aftermarket
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
According to the report, Asia Pacific accounted for the largest market share.
Report Highlights at a Glance:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Historical, Current and Future Market Trends
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: For any specific information beyond the report's current scope, we offer customization to meet your needs.
About Us
IMARC Group is a premier market research enterprise that specializes in providing management strategies and detailed market analysis globally. We engage with a diverse array of clients across various sectors and geographical regions, helping them to pinpoint and capitalize on valuable opportunities, address pivotal challenges, and effectively transform their enterprises.
Our reports deliver insightful information on key market trends, technological advancements, economic shifts, and scientific developments, catering to business leaders in sectors such as pharmaceuticals, industrial technologies, and high-tech organizations. We are experts in forecasting market trends and conducting industry analyses for areas including biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology, ensuring top-tier guidance in these complex fields.
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