Market Overview:
The global EV on board battery charger market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the rising awareness about environment-friendly transportation options. The global EV on board battery charger market can be segmented by type into unidirectional and bidirectional chargers. The unidirectional chargers are more popular among consumers as they are easier to use and do not require any special knowledge about charging procedures. However, bidirectional chargers have certain advantages over unidirectional chargers such as faster charging times and the ability to charge batteries in both directions, which makes them more suitable for commercial applications. The global EV on board battery charger market can also be segmented by application into passenger vehicles and commercial vehicles. Passenger vehicles held a larger share of the market in 2017 owing to their growing popularity among consumers across all regions. However, with governments around the world introducing stringent regulations mandating the adoption of electric vehicles, commercial vehicle segments is expected witness higher growth rates during the forecast period.
Product Definition:
An EV on board battery charger is a device that charges the battery of an electric vehicle while it is driving. This device helps to improve the range and performance of electric vehicles by charging their batteries more quickly than they could be charged using a standard electrical outlet.
Unidirectional:
Unidirectional (UD) is a technology that allows charging of multiple battery cells in sequence. It has been used in various forms for many years and was primarily developed for use with fuel cell systems. However, it can be applied to any battery system as the technology does not require additional power sources or control circuits apart from those already present on the board.
Bidirectional:
Bidirectional (Bi-directional or bi-power) is a technology used in electric vehicle on board battery charger which helps to charge the batteries of the electric vehicles when plugged into an electrical outlet and also provides energy to run the internal combustion engine. The bidirectional charging technology uses two power sources, where one source is used for running the motor and other source is used for charging battery. This bidirectional system charges both ways i.e.
Application Insights:
The passenger vehicles segment dominated the global EV on board battery charger market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to growing demand for passenger cars from various end-use markets, such as China, India and Germany. In addition, increasing number of charging stations across major cities in Europe will also boost segment growth over the forecast period.
Commercial vehicles are estimated to witness significant growth during the forecast period owing to rising demand for goods transportation services across countries, including Brazil, Russia and Mexico. In addition, manufacturers are focusing on developing advanced commercial vehicle technology with electric powertrain options that will drive product adoption among fleet operators globally.
EV chargers for trucks have a higher capacity than those installed at parking spaces for EVs at shopping malls or hotels where short-distance travel is anticipated.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing sales of passenger and commercial vehicles in China, India, South Korea, Japan and Taiwan. Increasing penetration of EVs coupled with growing awareness about their benefits is expected to drive demand for EV on board battery charger in this region.
Europe accounted for a significant share owing to stringent government regulations regarding carbon emission from internal combustion engines (ICEs). As a result, manufacturers are focusing on developing electric vehicles that would help reduce carbon emission while enhancing fuel efficiency. This factor is projected to boost demand for EV onboard battery chargers over the forecast period. Moreover, Europe has been one of the leading regions in terms of adoption of EVs due primarilyto its strong network infrastructure which makes it an ideal testing groundfor new technologies such as wireless charging systems and batteries with high energy density capableof providing long range at low cost per kilowatt hour (kWh).
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This will lead to an increase in the demand for on-board battery chargers, as they are an essential part of electric vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing subsidies and incentives. This is expected to drive the growth of the EV On Board Battery Charger market during the forecast period.
- Technological advancements: The development of new technologies that can improve charging times and reduce costs is likely to boost growth in this market during the forecast period. For instance, Qualcomm has developed a wireless charging technology that can charge an EV battery in just 15 minutes!
- Growing awareness about environmental benefits: There is a growing awareness among consumers about environmental benefits offered by electric vehicles over traditional petrol or diesel-powered cars, which is likely to fuel demand for on-board battery chargers in coming years..
Scope Of The Report
Report Attributes
Report Details
Report Title
EV On Board Battery Charger Market Research Report
By Type
Unidirectional, Bidirectional
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
BorgWarner, Bosch, Eaton, Ficosa International, Infineon, STMicroelectronics, Toyota Industries, Valeo Group, BorgWarner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global EV On Board Battery Charger Market Report Segments:
The global EV On Board Battery Charger market is segmented on the basis of:
Types
Unidirectional, Bidirectional
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BorgWarner
- Bosch
- Eaton
- Ficosa International
- Infineon
- STMicroelectronics
- Toyota Industries
- Valeo Group
- BorgWarner
Highlights of The EV On Board Battery Charger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unidirectional
- Bidirectional
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV On Board Battery Charger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An EV On Board Battery Charger is a device that plugs into an electric vehicle's charging port and can charge the battery while the car is running.
Some of the major players in the ev on board battery charger market are BorgWarner, Bosch, Eaton, Ficosa International, Infineon, STMicroelectronics, Toyota Industries, Valeo Group, BorgWarner.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV On Board Battery Charger Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV On Board Battery Charger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV On Board Battery Charger Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV On Board Battery Charger Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV On Board Battery Charger Market Size & Forecast, 2018-2028
4.5.1 EV On Board Battery Charger Market Size and Y-o-Y Growth
4.5.2 EV On Board Battery Charger Market Absolute $ Opportunity
Chapter 5 Global EV On Board Battery Charger Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EV On Board Battery Charger Market Size Forecast by Type
5.2.1 Unidirectional
5.2.2 Bidirectional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV On Board Battery Charger Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EV On Board Battery Charger Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV On Board Battery Charger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV On Board Battery Charger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EV On Board Battery Charger Analysis and Forecast
9.1 Introduction
9.2 North America EV On Board Battery Charger Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EV On Board Battery Charger Market Size Forecast by Type
9.6.1 Unidirectional
9.6.2 Bidirectional
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EV On Board Battery Charger Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EV On Board Battery Charger Analysis and Forecast
10.1 Introduction
10.2 Europe EV On Board Battery Charger Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EV On Board Battery Charger Market Size Forecast by Type
10.6.1 Unidirectional
10.6.2 Bidirectional
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EV On Board Battery Charger Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EV On Board Battery Charger Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV On Board Battery Charger Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EV On Board Battery Charger Market Size Forecast by Type
11.6.1 Unidirectional
11.6.2 Bidirectional
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EV On Board Battery Charger Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EV On Board Battery Charger Analysis and Forecast
12.1 Introduction
12.2 Latin America EV On Board Battery Charger Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EV On Board Battery Charger Market Size Forecast by Type
12.6.1 Unidirectional
12.6.2 Bidirectional
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EV On Board Battery Charger Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EV On Board Battery Charger Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV On Board Battery Charger Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EV On Board Battery Charger Market Size Forecast by Type
13.6.1 Unidirectional
13.6.2 Bidirectional
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EV On Board Battery Charger Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV On Board Battery Charger Market: Competitive Dashboard
14.2 Global EV On Board Battery Charger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BorgWarner
14.3.2 Bosch
14.3.3 Eaton
14.3.4 Ficosa International
14.3.5 Infineon
14.3.6 STMicroelectronics
14.3.7 Toyota Industries
14.3.8 Valeo Group
14.3.9 BorgWarner
