Electric Vehicle Onboard Charger (OBC) Market Growth in 2023, Emerging Trends, Size, Share and Forecast 2032

The Electric Vehicle Onboard Charger (OBC) Market is projected to grow from USD 4.4 billion in 2022 to USD 12.04 billion in 2032 at a CAGR of 19.5% during the 2023-2032 period.

The Road Ahead - The Shift to Electric Vehicles

An on-board charger (OBC) is used to charge the traction battery in an electric vehicle (EV), hybrid electric vehicle (HEV), or plug-in hybrid car. The on-board charging system found in electric vehicles transforms the grid’s AC input into a DC input, which then continues to charge the battery. The on-board charger’s (OBC) electronic components give users the option of recharging their batteries from AC mains outlets at home or in public or private charging stations. An array of signal conditioning techniques, integrated high voltage isolation AC-DC converters, AC rectifiers, twin bridgeless power factor correction (PFC), gate drivers, error amplifiers, and several other power electronic parts make up the on-board charger in electric vehicles.

The Global “Electric Vehicle Onboard Charger (OBC) Market” Research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2032. This report also contains the general and in-depth study of the Electric Vehicle Onboard Charger (OBC) market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Electric Vehicle Onboard Charger (OBC) market and provides information for developing strategies to expand the market growth and effectiveness.

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Top Leading Companies of Global Electric Vehicle Onboard Charger (OBC) Market are – Eaton, NXP, Power Integrations, Onsemi, Analog Devices, Skyworks, Leviton, Delphi, Zaptec, ZipCharge, and others.

Industry News and Updates:

October 18, 2022: Eaton launches new EV charging infra and battery energy storage solutions

Global power management company Eaton has announced the launch of new power management solutions, which it says will support Asia Pacific’s (APAC)’s green energy transition. This includes a suite of electric vehicle charging infrastructure (EVCI) solutions as well as its xStorage range of battery energy storage systems (BESS) designed for APAC’s unique business and operational environment.

Market Overview:

Automobile manufacturers are progressively concentrating and investing in the design and development of electric vehicles, which is also a trend in the mobility and freight transportation industries. As a result, the market for on-board chargers for electric vehicles will expand in line with the expansion of the EV market. At the moment, the majority of EVs on the market have on-board unidirectional battery charging methods. Off-board chargers are used by some vehicles to recharge their batteries. The current increase in EV investments by the transportation sector shows a shift in role models. Consider the creation of rapid, bidirectional, and wireless chargers.

Asia-Pacific leads the market, followed by Europe and North America. India is anticipated to develop significantly in the Asia-Pacific region over the projected period, while China continued to dominate the global market in 2019. During the forecast period, APAC will account for about 55% of market growth. In APAC, China and Japan are the two most important markets for on-board chargers for hybrid and electric vehicles. The market in this region will expand more slowly than markets in other regions. One of the key drivers of the hybrid and electric vehicle on-board charger market growth in APAC over the forecast period would be the adoption of cutting-edge technology.

Scope Of the Report:

The Electric Vehicle Onboard Charger (OBC) Market is divided based on the product portfolio, application domain, and regional distribution. Market share, growth rate, and valuation information are also given for each industry, area, and nation. Additionally, the research includes future trends, stumbling blocks, and motivating elements that are expected to promote revenue input by category and area during the following few years.

Drivers and Restraints:

The Electric Vehicle Onboard Charger (OBC) Market drivers were acknowledged for their ability to describe how their efforts will affect the market’s overall growth over the forecast period. A comprehensive assessment of the relevance of the driving forces and potential obstructions that market participants may face in the Electric Vehicle Onboard Charger (OBC) Market is performed in order to predict anticipated future developments in the sector. The constraints of the Electric Vehicle Onboard Charger (OBC) Market could highlight issues that might impede the development of the conventional market. Understanding the negative aspects of the Electric Vehicle Onboard Charger (OBC) Market should enable businesses to broaden their approaches to issue solving, increasing their capacity to upend the pessimistic outlook.

Market Opportunities:

The Electric Vehicle Onboard Charger (OBC) Market Research Report also offers opportunities that business owners may take advantage of by applying the appropriate strategies. The study’s prospects help stakeholders and report buyers make wise investment decisions and increase their profitability.

Detailed Segmentation:

On the Basis of Types, the Global Electric Vehicle Onboard Charger (OBC) Market is segmented into: –

DC Charger

AC Charger

On the Basis of Application, the Global Electric Vehicle Onboard Charger (OBC) Market is segmented into: –

Electric Vehicle(EV)

Plug-in hybrid Electric Vehicles (PHEV)

Regional Outlook:

The report’s primary insights into various regions and the major companies involved in each one are provided in this section. When evaluating a region’s or country’s growth, economic, social, environmental, technological, and political issues have all been taken into account. Additionally, each country’s and region’s revenue and sales information for the years 2018 through 2029 will be made available to readers.

The market has been divided into four key regions: North America, Europe, Asia-Pacific, and South America. The regional part will include a thorough analysis of important nations like the United States, Germany, the United Kingdom, Italy, France, China, Japan, South Korea, Southeast Asia, and India. Data will be provided for the market estimations using 2022 as the base year, followed by estimates for 2023 and a forecast value for 2029.

COVID-19 and Russia-Ukraine War (2022) Influence Analysis:

The section’s readers will understand how the Electric Vehicle Onboard Charger (OBC) market scenario altered around the world during the pandemic, post-pandemic, and Russia-Ukraine War. The analysis is conducted with changes in demand, consumption, transportation, consumer behavior, supply chain management, export and import, and manufacturing in mind. The essential elements that will assist players find chances and stabilize the business as a whole in the upcoming years have also been underlined by the industry experts.

The impact of the Electric Vehicle Onboard Charger (OBC) market report:

– Comprehensive assessment of all opportunities and risk in the Electric Vehicle Onboard Charger (OBC) market.
– Electric Vehicle Onboard Charger (OBC) market recent innovations and major events.
– Detailed study of business strategies for growth of the Electric Vehicle Onboard Charger (OBC) market-leading players.
– Conclusive study about the growth plot of Infrared Imaging market for forthcoming years.
– In-depth understanding of Electric Vehicle Onboard Charger (OBC) market-particular drivers, constraints and major micro markets.
– Favourable impression inside vital technological and market latest trends striking the Electric Vehicle Onboard Charger (OBC) market.

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Some of the important features of the report:

– Detailed overview of the Electric Vehicle Onboard Charger (OBC) market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Electric Vehicle Onboard Charger (OBC) market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Electric Vehicle Onboard Charger (OBC) market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2018 to 2023 and forecasts until 2029 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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