EV On-Board Chargers Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 12.1 Billion by 2030, growing at a CAGR of 17.6% from 2024 to 2030.
The EV On-Board Chargers market was valued at approximately USD 6.5 billion in 2022 and is projected to reach around USD 18.4 billion by 2027, growing at a compound annual growth rate (CAGR) of 23.0% during the forecast period. This robust growth is driven by the increasing adoption of electric vehicles (EVs) and advancements in charging technologies. The market's expansion is fueled by a global shift towards sustainable transportation and stringent emission regulations, which are encouraging both manufacturers and consumers to invest in EV infrastructure and charging solutions. Enhanced focus on fast-charging technologies and smart grid integration are also contributing to market growth, presenting significant opportunities for innovation and investment in this sector.
The market presents considerable opportunities for stakeholders as the demand for efficient and high-performance charging solutions continues to rise. Emerging markets, particularly in regions like Asia-Pacific and Latin America, are witnessing accelerated growth due to increasing government incentives, growing urbanization, and rising environmental awareness. These regions are expected to offer lucrative prospects for market participants, driven by expanding EV adoption and supportive regulatory frameworks. Additionally, technological advancements such as wireless charging and vehicle-to-grid (V2G) integration are expected to open new avenues for market development, creating opportunities for next-generation on-board chargers and fostering market expansion.
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BYD
Nichicon
Tesla
Infineon
Panasonic
Delphi
LG
Lear
Dilong Technology
Kongsberg
Kenergy
Wanma
IES
Anghua
Lester
Tonhe Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global EV On-Board Chargers Market
BEVs
PHEVs
Based on Types the Market is categorized into Below types that held the largest EV On-Board Chargers market share In 2023.
Lower than 3.0 kilowatts
3.0 - 3.7 kilowatts
Higher than 3.7 kilowatts
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global EV On-Board Chargers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global EV On-Board Chargers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global EV On-Board Chargers Market, By Type
6. Global EV On-Board Chargers Market, By Application
7. Global EV On-Board Chargers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global EV On-Board Chargers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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