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The global on-board charger market was valued at USD 1.4 billion in 2019 and is expected to reach USD 3.4 billion by 2025, growing at a CAGR of 16.2% during 2020-2025.
Industry Insights by Propulsion Type (Battery Electric Vehicle [BEV] and Plug-in Hybrid Electric Vehicle [PHEV]), by Power Output (Less than 10 KW, 10 KW–20 KW, and More than 20 KW), by Vehicle Type (Passenger Vehicle and Commercial Vehicle)
Growth in number of autonomous driving vehicle, wide ranging opportunities in emerging economies and EV charging with wireless power transmission technology will act as an opportunity for the global on-board charger market in near future.
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Passenger car held the larger share in the on-board charger market in 2019
On the basis of vehicle type, the market is bifurcated into passenger car and commercial vehicle. Passenger car is expected to account the higher market share in current year and is expected to grow at faster rate with rising adoption of automated and hybrid cars globally.
Geographically, APAC, mainly China is the largest on-board charger market with largest number of electric vehicle production. It is expected that by 2021, China currently leads in the number of electric vehicle production and sales, as a result there will be growth in demand for on-board chargers as well.
Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.
The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global on-board charger market on the basis of propulsion type, power output, vehicle type, and region.
Global On-Board Charger Market Coverage
Propulsion Type Insight and Forecast 2015 – 2025
Power Output Insight and Forecast 2015 – 2025
Vehicle Type Insight and Forecast 2015 – 2025
On-Board Charger Market by Region
Rest of the World (RoW)
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VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.
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