0

Electric Vehicle On Board Charger Market Expected to Reach $10.82 Billion by 2027

 
2022
Electric Vehicle On Board Charger Market

Report Code : A06307

quote By propulsion type, the hybrid electric vehicle type segment is dominating the market, in terms of revenue. In addition, by vehicle type, the electric passenger car segment dominated the electric vehicle on board charger market in 2019. Furthermore, by power output type, the 10kW to 20kW segment is expected to dominate the market in terms of revenue. Region-wise, Asia-Pacific is anticipated to be the highest revenue contributor, and Europe is expected to lead in the future, followed by North America, and LAMEA. quote

Pranav Padalkar
Lead Analyst, Automotive and Transportation at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “Electric Vehicle On Board Charger Market by Power Output; Vehicle Type; Propulsion Type; and Vehicle Type & Power Output: Global Opportunity Analysis and Industry Forecast, 2020–2027”, the electric vehicle on board charger market was valued at $2.15 billion in 2019, and is ` type, the electric passenger car segment was the highest revenue contributor in 2019, accounting for accounting for $1.43 billion, and is estimated to reach $6.47 billion by 2027, registering a CAGR of 20.7% during the forecast period. In 2019, Asia-Pacific was anticipated to account for major market share.

The Asia-Pacific region is dominating the market in term of revenue, followed by Europe, North America, and LAMEA. In Asia-Pacific, China dominated the electric vehicle on board charger market in 2019, whereas India is expected to grow at a significant rate during the forecast period.

A charging station is part of the grid infrastructure installed along a street, parking lot or in a home garage; its primary purpose is to supply the power to the different types of electric vehicles (PHEV, BEV and HEV’s) for charging the battery. The AC charging system is commonly an on-board charger mounted inside the vehicle, and it is connected to the grid when the vehicle is plugged in. An onboard charger is responsible for the final stage of charging the battery pack. It takes the AC power source from the EVSE and transforms the power into the required battery-charging profile.

The on-board charger is designed with a lower kilowatts of power transfer (charging rate), and is dedicated to charge the battery for a long period (typically 5–8 h for full charge). Due to the limitation of allowable payload and space of the EV, the on-board charger needs to be lightweight (typically less than 5 kg) and compact.

Onboard chargers support different charging levels, types and modes, which ultimately determines the battery charging time. For instance, a typical single-phase onboard charger converts the 3.5 kW power levels, which requires 16A of input current from a 220V input voltage. An onboard 3.3 kW charger can recharge a depleted 16 kWh battery pack in a PHEV to a 95% charge in about four hours from a 240 V supply. On board charging is also known as AC charging systems. A Level 1 EVSE (typically a residential charger) uses commonly available 120 VAC/230 VAC power sources, draws current in the order of a 12 A to 16 A range and can take anywhere between 12 to 17 hours to fully charge a 24 kWH battery. A Level 2 EVSE (typically used in commercial spaces such as malls, offices, and others) uses poly-phase 240 VAC sources to power a more robust vehicle charger and draws anywhere between 15 A and 80 A to completely charge a 24 kWH battery in about eight hours.

The electric vehicle on board charger market is driven by increase in penetration of electric vehicles and increase in government initiatives for development of electric vehicle charging infrastructure and related components. However, lack of standardization of EV charging and increase in installation of fast DC chargers restrain the growth of the market. Furthermore, development of a two-way on-board charger (V2G) for future electric and plug-in hybrid vehicle provide lucrative growth opportunities for the players operating in the electric vehicle on board charger market.

COVID-19 Impact Analysis 

  • The COVID impact on the electric vehicle onboard charger market is unpredictable and it is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak has forced the governments across the globe to focus on medical services. Owing to this, the countries are directing most of their capital in the healthcare sector, which is affecting the investments and incentives that are provided by the government for the electric vehicle sector.
  • Moreover, the nationwide lockdown forced the manufacturing facilities of the electric vehicles to cut the full operations of the facilities.
  • The adverse impacts of the COVID-19 pandemic have resulted in delays in the activities and initiatives regarding the development of electric vehicle onboard charger.

Key Findings Of The Study

  • In 2019, by power output type, the less than 10kW segment generated the highest revenue.
  • In 2019, by vehicle type, the electric passenger car segment was the highest revenue contributor.
  • In 2019, by propulsion type, the HEV segment was the highest revenue contributor.
  • In 2019, by vehicle type and power output, the electric passenger car in less than 10KW segment was the highest revenue contributor.
  • In 2019, by region, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.

The key players analyzed in the electric vehicle on board charger market report include BRUSA Elektronik AG, Bel Power solution, Current Ways Inc., Toyota Industries Corporation, Innoelectric GmbH, Eaton, Stercom Power Solutions GmbH, Xepics Italia SRL, Delphi Technologies, AVID Technology Limited, Infineon Technologies AG, STMICROELECTRONICS, Hangzhou Aodi Electronic Control Co., Ltd. and Ficosa Internacional SA.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Electric Vehicle On Board Charger Market by Power Output (Less than 10kW, 10kw to 20kw, and More than 20kW), Vehicle Type (Electric Passenger Car, Electric Vans, Electric Buses, Electric Medium Duty Vehicles, Electric Heavy Duty Vehicles, Electric Agriculture Tractors, Electric Construction Equipment, Electric Mining Vehicles and Electric & Hybrid Boats and ships), Propulsion Type (BEV, HEV and PHEV), By Vehicle Type and Power Output (Electric Passenger Car and Power Output, Electric Buses and Power Output, Electric Vans and Power Output, Electric Medium Duty Vehicles and Power Output, Electric Heavy Duty Vehicles and Power Output, Electric Agriculture Tractors and Power Output, Electric Construction Equipment and Power Output, Electric Mining Vehicles and Power Output, Electric And Hybrid Boat Ships and Power Output): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Electric Vehicle On Board Charger Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers