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Worst May be Over for On-board Charger Market; How Industry Players Will Regain Growth Cycle Again
On-board Charger Market Latest Edition Published with Forecast to 2027- Mar 10, 2022
- Electrical Components & Equipment
AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "On-board Charger market - Global outlook to 2027".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global On-board Charger market to grow at a CAGR of % .
The Charger Level, such as Level 1 & Level 2 (AC), is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Vehicle Type, such as BEV (Battery Electric Vehicle), is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Connector Type, such as AC {Mennekes, Le-Grand, Others}, is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global On-board Charger market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Increasing Demand for Electric & Hybrid Vehicles Is the Major Driver”.
An on-board charger is used to recharge the battery in vehicles either at home or at charging stations. It converts the AC input from the grid to a DC input which charges the battery. Rising fuel prices have led to a rapid expansion of electric mobility. According to a report by India Environment Portal, in 2018, the global electric car fleet exceeded 5.1 million. China remains the world’s largest electric market followed by Europe and the United States. Norway was the global leader in terms of electric car market share (46%). Policy support plays a key role in the development of the electric vehicles market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global On-board Charger market by Type (Unidirectional and Bidirectional) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global On-board Charger market
The Charger Level, such as Level 1 & Level 2 (AC), is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Vehicle Type, such as BEV (Battery Electric Vehicle), is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Connector Type, such as AC {Mennekes, Le-Grand, Others}, is boosting the On-board Charger market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global On-board Charger market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
An on-board charger is used to recharge the battery in vehicles either at home or at charging stations. It converts the AC input from the grid to a DC input which charges the battery. Rising fuel prices have led to a rapid expansion of electric mobility. According to a report by India Environment Portal, in 2018, the global electric car fleet exceeded 5.1 million. China remains the world’s largest electric market followed by Europe and the United States. Norway was the global leader in terms of electric car market share (46%). Policy support plays a key role in the development of the electric vehicles market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global On-board Charger market by Type (Unidirectional and Bidirectional) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Craig Francis
PR & Marketing Manager