On-Board Charger Market Size, Growth, Share and Competitive Landscape - 2030

Global On-Board Charger Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global On-Board Charger market. The research report on the On-Board Charger Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “Global On-Board Charger Market size is valued at around USD 6.2 billion in 2024 and is estimated to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30.

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Global On-Board Charger Market Challenge:

Lack of Adequate Infrastructure Hindering Market Growth – As per current market analysis there is a major hindrance in the market due to the lack of availability of charging infrastructure which ultimately becomes a limiting factor in adopting EV & OBCs. Slow charging stations and low growth in the development of charging networks have affected the market drastically. This also affects the sales as the areas where there is a shortage of charging stations the customers won’t buy the vehicle. Rapid or fast chargers are still under development so this problem cannot be resolved so easily. Massive investment and R&D are required to resolve the issue. The shortage of infrastructure is a heavy entry barrier for customers as range could be a major problem here. Customers have to look out for batteries that could provide them with more range and fast charging to save both time and cost.

Limitations of infrastructure have extended their hands on compatibility issues as different manufacturers have different variations of charging standards and protocols. On-board chargers are required to support multiple standards and types (level 1, level 2, DC fast Charger, CCS, CHAdeMO) to ensure broad compatibility. Addressing these infrastructure limitations is crucial for the continued growth and efficiency of the OBC industry. By tackling these challenges, the industry can improve the overall effectiveness and adoption of on-board chargers and support the broader transition to electric mobility.

Global On-Board Charger Market Segment & Geography [2024-30]

The On-Board Charger market is segmented into significant segments based on Geography.

-By Propulsion Type

• Battery Electric Vehicle [BEV]
• Plug-in Hybrid Electric Vehicle [PHEV]

-By Power Output

• Less than 10 KW
• 10 KW–20 KW
• More than 20 KW

-By Vehicle Type

• Passenger Vehicles
• Commercial Vehicle

-By End-User

• OEMs
• Aftermarket

Geographical Analysis

-By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

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Top Companies Essentially Working in On-Board Charger Market

• BRUSA Elektronik
• Current Ways
• Bel Power Solutions Slovakia
• INNOELECTRIC SL
• Toyota Industries Corporation
• Stercom Power Solutions GmbH
• 伊顿
• Delphi Technologies
• Xepics Italia SRL
• Infineon Technologies AG
• AVID Technology Limited
• Hangzhou Aodi Electronic Control Co., Ltd.
• STMICROELECTRONICS
• Ficosa Internacional SA.

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & On-Board Charger adoption?
5. How has the competition been shaping up across the geography?

1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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