Hybrid and Electric Vehicle On-Board Charger Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46429

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The hybrid and electric vehicle on-board charger market size has the potential to grow by 5.94 million units during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 30%. 

This report provides a detailed analysis of the market by type (BEVs and PHEVs), geography (APAC, North America, Europe, South America, and MEA), and key vendors. 

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Hybrid and Electric Vehicle On-Board Charger Market 

Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Bel Fuse Inc.
  • Continental AG
  • DEFA AS
  • EVolve Electrics Ltd.
  • Hyundai Mobis Co. Ltd.
  • Infineon Technologies AG
  • Innoelectric GmbH
  • Mitsubishi Electric Corp.
  • Panasonic Corp.
  • Stercom Power Solutions GmbH

 

The hybrid and electric vehicle on-board charger market is fragmented and the vendors are deploying growth strategies such as the introduction of new technologies and increased investments to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as improvements in power capacity of on-board AC chargers to achieve growth opportunities. However, factors such as growth of wireless charging infrastructure will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the hybrid and electric vehicle on-board charger market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This hybrid and electric vehicle on-board charger market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Hybrid and Electric Vehicle on-Board Charger Market: Key Drivers and Trends

  • Improvements in power capacity of on-board AC chargers is one of the key factors driving the hybrid and electric vehicle on-board charger market growth.
  • The essential characteristics of on-board chargers are that they have low power transfer capability (which leads to more charging time) and are installed inside vehicles, adding weight to the latter.
  • The integration of high-power electronics in a single and compact device has positively impacted on-board electric charging infrastructure that can charge EVs of any size in less than one hour.
  • These improvements in the power capacity of AC chargers are driving the global hybrid and electric vehicle on-board charger market.
  • The popularity of EVs is growing because of the increased marketing by vendors. Moreover, low air and noise pollution are some of the major factors responsible for the growing demand for EVs.
  • With an increasing number of EVs, the demand for electricity, especially during peak hours will also grow. To cater to this growing demand vehicle-to-grid (V2G) chargers are being developed and tested which can transfer power bi-directionally between the vehicle and the grid. 
  • This has resulted in the invention of bi-directional on-board chargers for plug-in vehicles which is a key factor driving the growth of the market during the forecast period. 

 

Grab your Free Sample now to unlock further information on other key market drivers

Hybrid and Electric Vehicle on-Board Charger Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

54% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid and electric vehicle on-board charger in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The adoption of innovative technologies is one of the prime factors that will facilitate the hybrid and electric vehicle on-board charger market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Hybrid and Electric Vehicle on-Board Charger Market: Segmentation by Type

Request for a FREE sample and Get more information on the market contribution of various segments

BEVs are widely considered the preferred mode of transportation of the future. They are expected to reduce air and noise pollution as well as offer improved overall performance. Although BEVs are expensive, they are a better and more viable long-term option due to their long lifespan and low maintenance costs. They are smooth to drive and provide a great degree of comfort to the passengers. Hence, the growth of the market segment has been significant.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hybrid and electric vehicle on-board charger market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

Event-Tickets-Market-Report

Request for a FREE sample

Hybrid and Electric Vehicle on-Board Charger Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive hybrid and electric vehicle on-board charger market growth during the next five years
  • Precise estimation of the hybrid and electric vehicle on-board charger market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hybrid and electric vehicle on-board charger industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hybrid and electric vehicle on-board charger market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The hybrid and electric vehicle on-board charger market growth will increase by $5.94 million units during 2019-2024.
The hybrid and electric vehicle on-board charger market is expected to grow at a CAGR of 30.00% during 2019-2024.
Technavio has segmented the hybrid and electric vehicle on-board charger market by type (BEVs and PHEVs) and geographic (APAC, North America, Europe, South America, and MEA).
Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Innoelectric GmbH, Mitsubishi Electric Corp., Panasonic Corp., Stercom Power Solutions GmbH are a few of the key vendors in the hybrid and electric vehicle on-board charger market.
APAC will register the highest growth rate of 54.21% among the other regions. Therefore, the hybrid and electric vehicle on-board charger market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the hybrid and electric vehicle on-board charger market growth are:
  • Improvements in power capacity of on-board AC chargers
  • Invention of bi-directional on-board chargers
The hybrid and electric vehicle on-board charger market vendors should focus on grabbing business opportunities from the bevs segment as it accounted for the largest market share in the base year.

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase

Technavio's SUBSCRIPTION platform

Register for a free trial today and gain instant access to 17,000+ market research reports.

START YOUR FREE TRIAL

Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Report

What other custmores say

17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>