On Board Charger Market to Showcase USD 16 Billion Industry Opportunity by 2030, Predicts Strategic Market Research

December 19, 2022

New York, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The market value of On Board Chargers in 2021 was USD 4.6 billion, and it will be USD 16 billion by 2030, growing at a 15% CAGR. The tools used in electric vehicles to recharge the batteries are known as On Board Chargers. These chargers use Direct Current (DC) to charge the traction batteries from an input of Alternating Current (AC). Make a Direct Purchase of the latest On Board Charger Market Report published in the month of Apr-2022. Click the below link to initiate the purchase: The On Board Charger Market Insights:  By power output, the 11kW to 22kW segment held the highest position in the market in 2020, with a 41.0% revenue share.In 2020, the passenger car segment significantly ruled the market, with the highest share of 35.0% on the basis of vehicle type.On the basis of propulsion type, the BEV segment ruled the entire market with a share of 67.0% in 2020.Asia Pacific significantly held the largest market position in 2020, with 38.0% of the revenue share. Factors influencing the On Board Charger Market growth:  Factors like the high cost of electric vehicle charging at the public station and increasing government initiatives for constructing electric vehicle charging infrastructure are influencing the market growth rate. The demand for On Board Chargers is fuelled by the high cost of recharging an electric vehicle at public charging stations. Public charging stations near highways, shopping centres, and places of business are liable to higher commercial electric rates than home rates. An electric vehicle uses an On Board Charger to recharge the traction battery by transforming the grid's AC input to the DC input needed to charge the batteries. The primary factor fuelling the market's progress is the increase in public and private AC charging stations worldwide. The electric car On Board Chargers market is expanding due to rising government initiatives to build charging infrastructure. Creating a two-way On Board Charger (V2G) for upcoming electric and plug-in hybrid vehicles will present potential opportunities for the electric vehicle On Board Charger market.  On Board Charger Market Segmentation Analysis The market segmentation of On Board Chargers is done on the basis of power output, Vehicle type, propulsion type, and Region.  By Power Output  11 kW to 22 kWLess than 11 kWMore than 22 kW By Vehicle Type Passenger CarBusesBoatsMedium & Heavy-Duty VehiclesVansOthers By Propulsion Type  Plug-in Hybrid Electric Vehicle (PHEV)Battery Electric Vehicle (BEV)Hybrid Electric Vehicles (HEV) For Region North America CanadaU.S.A. Asia-Pacific  JapanChinaSouth Korea Europe  UK.Germany Latin America Middle East & Africa To get a first-hand overview of the report, Request a Sample at By power output, the 11kW to 22kWy segment held the highest position in the market in 2020, with a 41.0% revenue share. The tri-phase AC 11-22 kW chargers take 2-4 hours to charge an electric vehicle fully. As a public charging station, a tri-phase AC charger is widely utilized. Statistics from Transport & Environment show that tri-phase AC chargers are used in 61% of public chargers in Europe. In 2020, the passenger car segment significantly ruled the market, with the highest share of 35.0% on the basis of vehicle type. The need for On Board Chargers will rise with the worldwide increasing sales of electric passenger automobiles. On the basis of propulsion type, the BEV segment ruled the entire market with a share of 67.0% in 2020. The increase in BEVs is driving the expansion of the segment. Several manufacturers, including Audi, Volkswagen, and Mercedes-Benz, have held the maximum market share in the BEV class. Asia Pacific significantly held the largest market position in 2020, with 38.0% of the revenue share. The increase in government initiatives drives the expansion of regional markets to promote the sales of electric vehicles in nations like China and India. For instance, one of the key reasons influencing the sales of EV On Board Chargers in China is the sales quotas that the Chinese government implemented for the years 2019, 2020, & 2021.  On-board Charger Market  Report Coverage Report AttributeDetailsThe market size value in 2020USD 4.6 billionThe revenue forecast in 2030USD 16 billionGrowth rateCAGR of 15%The base year of estimation2021Historical data2017 - 2020Forecast period2021 - 2030Quantitative unitsRevenue in USD billion and CAGR from 2020 to 2030Report Coveragecompany market share, Revenue forecast, competitive landscape, growth factors, and trendsSegments CoveredPower output, vehicle type, propulsion type, regionPower outputLess than 11 kW, 11 kW to 22 kW, and more than 22 kWVehicle typeMedium & Heavy-Duty Vehicles, Boats, Passenger Car, Buses, Vans, and OthersPropulsion typeBattery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV)Regional scopeAsia Pacific; Europe; Latin America; MEA North America;Country scopeU.S.; Canada; Germany; U.K.; China; South Korea; Japan; BrazilKey companies profiledFicosa Internacional S.A., Delta Energy Systems; AVID Technology Limited; Eaton, Toyota Industries Corporation; Bel Fuse Inc.; Stercom Power Solutions, STMicroelectronicsinnolectric AG; BRUSA Elektronik AG; Siemens; Innolectric AG; Current Ways Inc.; Eaton Corporation; Infineon Technologies AG; Innoelectric GmbH. To read the summary of the report, visit the website at Key players in the On Board Charger Market: Bel Fuse Inc. Delta Energy SystemsFicosa Internacional SASTMicroelectronicsToyota Industries CorporationEaton CorporationStarcom Power Solutions GmbHAVID Technology LimitedSiemensInnolectric AGInnoelectric GmbHBRUSA Elektronik AGCurrent Ways Inc.Infineon Technologies AG Recent Developments On April 2022, the global shared intelligent electric mobility ecosystem company Faraday Future Intelligent Electric Inc. based in California, announced collaboration with Meta System to become a provider of on-board power management module products for its ultra-luxurious FF 91 EV and upcoming FF 81 vehicles.On September 2022, Onsemi launched three silicon carbide (SiC)-based power module in transfer molded technology for on board chargers. It is now available in all-electric vehicles' on-board charging and high voltage (HV) DCDC conversion (xEV). Related Reports Breast Lesion Localization MarketThe Breast Lesion Localization Market report analyses its growth factors, challenges, restraints, opportunities, etc. The Breast Lesion Localization Market in 2021 was USD 966.56 million and will reach USD 3038 million in 2030 at a 13.57% CAGR. The increasing rate of breast cancer, the growing rate of breast cancer surgeries, and the growing awareness about breast cancer diagnosis are expanding the market growth rate. Significant participants in the market are Mermaid Medical A/S, Tsunami Medical, Argon Medical Devices, etc. Endovascular Aneurysm Repair MarketS.M.R.'s Endovascular Aneurysm Repair Market Report analyzes factors like restraints, challenges, growth factors, and opportunities. The Endovascular Aneurysm Repair Market value in 2021 was USD 3.03 Billion and will reach USD 5.03 Billion, growing at a 5.8% CAGR. Factors like the increasing geriatric population in industrialized nations and the rise in tobacco smokers are accelerating the market growth rate. Industry participants are Medtronic plc, Gamida Cell Ltd., Cook Group Incorporated, Cardinal Health, etc. Surgical Sutures Market S.M.R.'s Surgical Sutures Market provides detailed insights into its augmenting factors, challenges, restraints, etc. The market of Surgical Sutures in 2021 was USD 4.04 billion and will reach USD 6.97 billion by 2030 at a 6.23% CAGR. The growing geriatric population, availability of new technologies, rising disposable income, and increasing procedural safety are stimulating market growth. Specific Players in this market are Teleflex Incorporated, Medtronic, Smith & Nephew, Sutures India, Peters Surgical, etc. Negative Pressure Wound Therapy MarketThe Negative Pressure Wound Therapy Market Report outlines factors like opportunities, restraints, challenges, etc. The Negative Pressure Wound Therapy Market was USD 35 Billion in 2021 and will be USD 123.1 Billion by 2030, growing at a 15% CAGR. Factors like the growing number of chronic wounds, the introduction of technologically advanced NPWT devices, and the rising success rate of NPWT are influencing the market growth rate. Major market players are Smith & Nephew, Cardinal Health, Medela AG, ConvaTec Inc., etc. Congestive Heart Failure Treatment Devices MarketS.M.R.'s Congestive Heart Failure Treatment Devices Market Report analyzes its growth factors, challenges, restraints, opportunities, etc. The Congestive Heart Failure Treatment Devices market worth in 2021 was USD 17.53 Billion and will reach USD 35.96 Billion by 2030 with an 8.31% CAGR. Changes in lifestyle, high-stress levels, dietary habits, and comorbidity influence the growth rate. Vital players in the market are Abiomed, Jarvik Heart, ReliantHeart, Berlin Heart GmbH, etc. About Us:Strategic Market Research facilitates the organizations globally in taking pivotal business decisions by furnishing the Syndicated and Customized Research Reports, which are highly precise in terms of market numbers. We believe that every firm, whether it is a startup which is in the Introduction stage of the Product Life cycle or an established one which is at the growth stage, requires market research services in order to streamline its key business blueprint. It may be related to Product Launch, Go to Market strategies, Competitive Analysis or new geographical penetration and expansion. Contact Us:Strategic Market Research LLP.Sunil Kumar India: +91-8260836500Email: info@strategicmarketresearch.comWeb: https://www.strategicmarketresearch.comBlog: Release: Connect Us:LinkedIn:

© 2023