The Hybrid and Electric Vehicle On Board Charger Market is expected to grow from USD 3 billion in 2020 to USD 6 billion by 2026 at a CAGR of 18% from 2020 to 2026.
An on-board charger (OBC) is used to charge the traction battery in an electric vehicle (EV), hybrid electric vehicle (HEV) or in plug-in hybrid vehicles. The on-board charger system installed in hybrid electric vehicle which turns the AC input from the grid to a DC input, which will further charge the battery. The electronic components used in on-board charger (OBC) offers the modes to recharge the battery from the AC mains either at home or from outlets available in private or public charging stations. Advancements in the power capacity of on-board AC chargers are one of the major factors compelling the hybrid electric vehicle on-board charger market growth. With a rising number of electric vehicles, the demand for electricity, particularly during peak hours will also increase. To cater to this surging demand vehicle-to-grid (V2G) chargers are being evolved and tested which can deliver power bi-directionally between the vehicle and the grid. This has lead to the invention of bi-directional on-board chargers for plug-in vehicles which is a major factor propelling the growth of the market during the forecast period.
The global Hybrid and Electric Vehicle On-Board Charger Market is segregated on the basis of Vehicle as Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PEVs). Based on Speed of Charging the global Hybrid and Electric Vehicle On Board Charger Market is segmented in Fast Charging and Slow Charging. Based on End users the global Hybrid and Electric Vehicle On Board Charger Market is segmented in Passenger Vehicles and Commercial Vehicles.
The global Hybrid and Electric Vehicle On Board Charger Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Hybrid and Electric Vehicle On Board Charger Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Bel Fuse Inc., Continental AG, DEFA AS and EVolve Electrics Ltd. and others are among the major players in the global Hybrid and Electric Vehicle On Board Charger Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Hybrid and Electric Vehicle On Board Charger Market has been segmented as below:
Hybrid and Electric Vehicle On Board Charger Market, By Vehicle
Hybrid and Electric Vehicle On Board Charger Market, By Speed of Charging
Hybrid and Electric Vehicle On Board Charger Market, By End users
Hybrid and Electric Vehicle On Board Charger Market, By Region
Hybrid and Electric Vehicle On Board Charger Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Hybrid and Electric Vehicle On Board Charger Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Hybrid and Electric Vehicle On Board Charger Market share. Major industry players with significant revenue share include Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Hybrid and Electric Vehicle On Board Charger Market, By Vehicle
5.1. Key Points
5.2. Battery Electric Vehicles (BEVs)
5.3. Hybrid Electric Vehicles (HEVs)
5.4. Plug-in Hybrid Electric Vehicles (PEVs)
6. Hybrid and Electric Vehicle On Board Charger Market, By Speed of Charging
6.1. Key Points
6.2. Fast Charging
6.3. Slow Charging
7. Hybrid and Electric Vehicle On Board Charger Market, By End users
7.1. Key Points
7.2. Passenger Vehicles
7.3. Commercial Vehicles
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Hybrid and Electric Vehicle On Board Charger Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Bel Fuse Inc.
9.2. Continental AG
9.3. DEFA AS
9.4. EVolve Electrics Ltd.
9.5. Hyundai Mobis Co. Ltd.
9.6. Infineon Technologies AG
9.7. Innoelectric GmbH
9.8. Mitsubishi Electric Corp.
9.9. Panasonic Corp.
9.10. Stercom Power Solutions GmbH
9.11. Delphi
9.12. Delta-Q
9.13. NXP Semiconductor
9.14. Stercom Power Solutions GmbH
9.15. BYD
9.16. Nichicon
9.17. Tesla
9.18. Shijiazhuang Dilong Technology
9.19. Kongsberg Automotive
9.20. Kenergy
9.21. Zhejiang Wanma
9.22. Beijing Anghua Weiye Technology
Hybrid and Electric Vehicle On Board Charger Market, By Vehicle
Hybrid and Electric Vehicle On Board Charger Market, By Speed of Charging
Hybrid and Electric Vehicle On Board Charger Market, By End users
Hybrid and Electric Vehicle On Board Charger Market, By Company