On-Board Charger Market Growth, Demand & Opportunities.
The mushrooming demand for electric vehicles is encouraging electric vehicle charging system manufacturers to focus on developing technologically advanced and innovative variants.
Moreover, with the surging concerns being raised over the deteriorating environmental conditions, many electric vehicle manufacturers are making huge investments in research and development (R&D) projects in order to fuel advancements in the electric vehicle technology.
For instance, Fiat Chrysler Automobiles N.V. announced in July 2019 that it intends to make an investment of $788 million (EUR 700 million) for developing a manufacturing line for the newer models of its Fiat 500 minicar.
This manufacturing line will enable the production of around 80,000 units every year. These investments are causing a sharp fall in manufacturing costs, which is, in turn, leading to the production of affordable electric vehicles. This is subsequently pushing up the demand for on-board chargers.
These projects have led to the development of batteries having increased power densities. Besides, the increasing deployment of alternating current (AC) charging stations in emerging economies is also fueling the expansion of the on-board charger market.
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Hence, it can be said without any doubt that the demand for on-board chargers will surge sharply in the forthcoming years, primarily because of the growing deployment of electric vehicles and the development of technologically advanced charging systems, on account of the surging investments being made by industry players across the world.
By Vehicle Type
• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
By Power Output
• Below 7.2 kW
• 7.2 kW–15 kW
• Above 15 kW
By Region
• North America On-Board Charger Market
• By vehicle type
• By power output
• By sales channel
• By country – U.S. and Canada
• Europe On-Board Charger Market
• By vehicle type
• By power output
• By sales channel
• By country – the U.K., France, Germany, Russia, Italy, Spain,
Norway, the Netherlands, and Rest of Europe
• Asia-Pacific (APAC) On-Board Charger Market
• By vehicle type
• By power output
• By sales channel
• By country – China, Japan, India, South Korea, Australia, Indonesia, Thailand, Malaysia, and Rest of APAC.
1. Historical and the present size of the On-Board Charger Market.
2. Historical and the present size of the market segments and understand their comparative future potential.
3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings.