NEW YORK, March 06, 2020 (GLOBE NEWSWIRE) -- The global on-board charger market was valued at USD 1.4 billion in 2019 and is expected to reach USD 3.4 billion by 2025, growing at a CAGR of 16.2% during 2020-2025.
Industry Insights by Propulsion Type (Battery Electric Vehicle [BEV] and Plug-in Hybrid Electric Vehicle [PHEV]), by Power Output (Less than 10 KW, 10 KW–20 KW, and More than 20 KW), by Vehicle Type (Passenger Vehicle and Commercial Vehicle)
Growth in number of autonomous driving vehicle, wide ranging opportunities in emerging economies and EV charging with wireless power transmission technology will act as an opportunity for the global on-board charger market in near future.
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Passenger car held the larger share in the on-board charger market in 2019
On the basis of vehicle type, the market is bifurcated into passenger car and commercial vehicle. Passenger car is expected to account the higher market share in current year and is expected to grow at faster rate with rising adoption of automated and hybrid cars globally.
Explore key industry insights in 53 tables and 35 figures from the 175 pages of report, “Global On-Board Charger (OBC) Market Analysis and Forecast to 2025 - Industry Insights by Propulsion Type (Battery Electric Vehicle [BEV] and Plug-in Hybrid Electric Vehicle [PHEV]), by Power Output (Less than 10 KW, 10 KW–20 KW, and More than 20 KW), by Vehicle Type (Passenger Vehicle and Commercial Vehicle)”
Geography Insight
Geographically, APAC, mainly China is the largest on-board charger market with largest number of electric vehicle production. It is expected that by 2021, China currently leads in the number of electric vehicle production and sales, as a result there will be growth in demand for on-board chargers as well.
Competitive Insight
Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.
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Key Takeaway from the Report:
- Among all the propulsion type, battery electric vehicle segment captures largest market share in 2019.
- Of all the power output, less than 10 KW charger type accounted for the foremost share in 2019.
- Among all the vehicle type, Passenger car is expected to account the higher market share in 2019.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global on-board charger market on the basis of propulsion type, power output, vehicle type, and region.
Global On-Board Charger Market Coverage
Propulsion Type Insight and Forecast 2015 – 2025
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Power Output Insight and Forecast 2015 – 2025
- Less than 10 KW
- 10 KW–20 KW
- More than 20 KW
Vehicle Type Insight and Forecast 2015 – 2025
- Passenger Vehicle
- Commercial Vehicle
Geographical Segmentation
On-Board Charger Market by Region
North America
- By Propulsion Type
- By Power Output
- By Vehicle Type
- By Country – U.S., Canada, and Mexico
Europe
- By Propulsion Type
- By Power Output
- By Vehicle Type
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Propulsion Type
- By Power Output
- By Vehicle Type
- By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Propulsion Type
- By Power Output
- By Vehicle Type
- By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
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Detailed Research
We provide accurate data and in-depth analysis with all-inclusive coverage.
Robust Research Methodology
Robust research methodology and data triangulation to ensure high quality report.
Analyst Support
24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.
Sales Support
24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.
Free Customization
20% post purchase free customization to meet your requirements.
Customer Satisfaction
We claim full customer satisfaction as our core values lie in building long term relationship.
Security
High level of data security and confidentiality of your information.
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