On-Board Battery Charger Market to Hit USD 10,430.9 Million by 2028; On- Board Battery Charger Industry CAGR of 16.7% between 2022-2028; Exclusive Insight Report by Vantage Market Research
Vantage Market Research
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WASHINGTON, May 04, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global On- Board Battery Charger Market finds that increasing demand for electric vehicles as well as increasing government initiatives regarding adoption of EVs, are factors that influencing the growth of On- Board Battery Charger Market.
The total Global On- Board Battery Charger Market is estimated to reach USD 10,430.9 Million by the year 2028. The Global Market revenue value was USD 4,129.5 Million in the year 2021, and is expected to exhibit a Compound Annual Growth Rate (CAGR) of 16.7%, states Vantage Market Research, in a report, titled “On- Board Battery Charger Market Size, Share & Trends Analysis Report by Power (Less than 11 kW, 11 kW to 22 kW, More than 22 kW), by Vehicle Type (Passenger Car, Buses, Vans, Medium & Heavy Duty Vehicles), by Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
The report analyzes the On- Board Battery Charger market competitive landscape and offers information on several market vendors.
An Exclusive study come up with Vantage Market Research experienced researchers projected value of USD 10,430.9 Million at a CAGR of 16.7%.
It offers additional highlights and key points on various market segments and their impact in the coming years.
The sample report includes Latest Drivers and Trends in the Market.
Comprehensive information on factors that will assist On- Board Battery Charger market growth during the next five years.
The report offers predictions on upcoming trends and changes in consumer behavior.
Comprehensive study involving market types, application and end-users.
To understand more about Market Dynamics, get access to our free sample report.
Market Dynamics:
Drivers:
Increasing Demand for EVs
The demand for electric vehicles is increasing drastically across the globe. The adoption rate of electric vehicles is increasing with the introduction of DC fast charging, wireless charging, ultrafast electric vehicle supply equipment (EVSE) that has capacity to charge vehicle batteries to 100% within 15-30 minutes. The different technologies and applications help the drivers to easily search for charging stations by using smartphones and navigation system in cars which may also boost the sale of electric vehicles. For instance, the EV sales is increased by 63 % in 2017, compared to 2016. According to a report by Avendus Capital, The electric vehicle (EV) market is estimated to be Rs 50,000 crore (US$ 7.09 billion) opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles in the medium term in the wake of COVID-19. Thus, the demand for EVs is increasing, in turn, further propelling the market growth over the forecast period.
The On- Board Battery Charger Market Covers the Following Key Insights & Findings:
Exclusive Summary: Basic statistics on the global On- Board Battery Charger market.
The changing effect on market dynamics: global part provides driving factors, trends, challenges and opportunities; post-COVID analysis.
View 2022-2028 by type, end user and region/nation.
Evaluate industry by market segments, countries/regions, manufacturers/companies, revenue share and sales of these companies in these various regions of major countries/regions (2022-2028).
Understand the structure of the On- Board Battery Charger market by identifying its various sub-segments.
Researchers shed light on market dynamics, such as drivers, restraints, trends, and opportunities.
It offers massive data about the trending factors that will influence the progress of the market.
In-depth understanding of On- Board Battery Charger Market drivers, restraints, and major micro markets.
Regional analysis: Asia Pacific Region to Stand Firm on its Leading Position in the industry.
Free Report Customization: This report can be customized according to specific client needs.
Key Strategic Developments: The study also includes the key strategic developments of the market, new product launch, comprising R&D, mergers and acquisitions, collaborations, joint ventures, agreements, partnerships, and regional growth of key competitors operating in the market globally and regionally.
The government follows various initiatives to support the electric vehicle charging station market. The government supports by providing tax credits and various subsidies to promote the sale of electric vehicles. Further, the government also provides road tax exemption to increase the sale of the electric vehicles. Another driving factor for the growth of market is government incentives and subsidies for electric vehicle charger infrastructure development. For instance, in October 2017, the Indian government has promoted investment imitative from the number of companies, both domestic and foreign.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the electronics industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
The Report On- Board Battery Charger Market Highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
Regional Analysis:
Asia Pacific Holds Maximum Market Share
Asia Pacific is expected to dominate the growth of On- Board Battery Charger Market in 2021. The major driving factors for the market are government efforts for promoting electric vehicle sales in countries such as China and India, availability of large base of population in the region which is providing an opportunity for market. Additionally, increasing government initiatives regarding green energy and several programs initiation of motivating people regarding adoption of EVs is further propelling to market growth. Moreover, presence of major players of automobiles in the region, and the several initiations taken by them such as increased funding, mergers, acquisitions is further propelling the market growth.
List of Prominent Players in the On- Board Battery Charger Market:
Bel Fuse Inc.
Delta Energy Systems
STMicroelectronics
Toyota Industries Corporation
Eaton
Stercom Power Solutions GmbH
Innolectric AG
BRUSA Elektronik AG
AVID Technology Limited
Ficosa Internacional SA
Browse market data Tables and Figures spread through 169 Pages and in-depth TOC on "On- Board Battery Charger Market Size, Share & Trends Analysis Report by Power (Less than 11 kW, 11 kW to 22 kW, More than 22 kW), by Vehicle Type (Passenger Car, Buses, Vans, Medium & Heavy Duty Vehicles), by Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/on--board-battery-charger-market-670524
Recent Developments:
January 2021: Bel Power Solutions introduced the BCL25-700-8, a bi-directional onboard battery charger in which up to 4 charging units can be connected in parallel, with efficiency near 94%. Bel Power says it’s possible to connect this charger to a charging station or directly to the grid to charge EV batteries.
January 2019: Brusa Elektronik announced the upgrade to their first-generation wireless charging, which will enable electric vehicle drivers to charge the traction batteries of vehicles with powers ranging from 3.7 to 11 kW.
Key Questions Answered in On- Board Battery Charger Market Report:
Which manufacturing technology is used for On- Board Battery Charger Market?
What developments are happening in that technology?
What trends are causing these developments?
Who are the global key players in this market?
What are your company profile, your product information and contact information?
What was Global Market Status of On- Board Battery Charger industry?
What was capacity, Production Value, Cost and PROFIT of Market?
What is current Market Status On- Board Battery Charger Industry?
What is the market competition in this industry, both company and country wise?
What's Market Analysis of Market by Taking Applications and Types in Consideration?
What should be Entry Strategies, Economic Impact Countermeasures, and Marketing Channels for On- Board Battery Charger industry?
This market titled “On- Board Battery Charger Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Power
Less than 11 kW
11 kW to 22 kW
More than 22 kW
Vehicle Type
Passenger Car
Buses
Vans
Medium & Heavy-Duty Vehicles
Boats
Others
Propulsion Type
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Region & Counties Covered
North America
U.S.
Canada
Mexico
Europe
U.K
France
Germany
Italy
Spain
Rest Of Europe
Asia Pacific
China
Japan
India
South Korea
South East Asia
Rest Of Asia Pacific
Latin America
Brazil
Argentina
Rest Of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest Of Middle East & Africa
Companies Covered
Bel Fuse Inc.
Delta Energy Systems
STMicroelectronics
Toyota Industries Corporation
Eaton
Stercom Power Solutions GmbH
Innolectric AG
BRUSA Elektronik AG
AVID Technology Limited
Ficosa Internacional SA
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
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