Automotive Onboard Charger Market is anticipated to reach US$ 16.48 Bn. by 2029 from US$ 5.39 Bn. in 2022 at a CAGR of 17.3% during a forecast period.Automotive Onboard Charger Market Overview
In an electric car, an onboard charger is used to charge the traction battery by converting the AC input from the grid to the DC input needed to charge the batteries. EV charging infrastructure initiatives in public areas are increasing all around the world with the rise of electric vehicles and ecologically efficient charging options. As a result, an increase in the number of AC private and public charging stations throughout the world is driving the market's growth.To know about the Research Methodology :- Request Free Sample Report
Automotive Onboard Charger Market Dynamics
Rising demand for green vehicles and minimizing pollution requirements are significant factors expected to boost the sale of electrical vehicles during the forecast period. In addition, government bodies across the globe are providing subsidies for electric vehicles and tax credits, which is fueling the demand for electric vehicles. Thus, the market for automotive onboard chargers is expected to grow due to the increasing deployment of electric charging stations worldwide. The United States, China, and South Korea is at the lead of electric vehicle sales due to the advanced technologies, government support, and consumer preference towards eco-friendly vehicles. According to the Society of Manufacturers of Electric Vehicles, 156,000 electric vehicles delivered in 2022, with 152,000 being two-wheelers, 3400 being cars, and 600 being buses. In 2022, a total of 130,000 units were sold, including 126,000 two-wheelers, 3600 automobiles, and about 400 buses. Opportunities: for the production of automotive onboard chargers, silicon carbide semiconductor technology is used widely. This technology provides high power density with high efficiency. Thus, various firms are increasingly adopting silicon carbide onboard chargers, which are expected to create lubricative opportunities for the growth of the market. Restraints: lack of standardization of EV charging, high cost of Onboard chargers, and increase in installation of fast DC chargers are some of the factors, which are expected to hamper the market's growth during the forecast period.Automotive Onboard Charger Market Segmentation Analysis
By Vehicle Type, in 2022, the passenger cars segment held 36% of the global market share. The growing sale of electric passenger cars globally is driving the segment's growth and thereby markets growth. The global electric passenger car sales increased by over 40% in 2022 as compared to 2022, in which 37% of the world's electric car fleet was in China. Around 7.3 million chargers were installed in 2022, of which 6.5 million chargers were privately owned. Thus, an increase in sales of passenger electric cars and an increase in the number of chargers are fueling the growth of the segment.In addition, the buses segment is expected to grow at an xx% CAGR during the forecast period. An Onboard charger is used in buses for converting the AC to DC for charging the battery, which has increased the sales of electric buses globally. By 2029, the UK is anticipated to have Europe's largest electric bus fleet, according to data collected. Poland has Europe's second-largest fleet of electric buses, with around 800 ZE vehicles. The Netherlands and Italy have the third and fourth-largest electric bus fleets, with around 600 buses each. Thus, electric buses are expected to increase by 189 percent across Europe during the forecast period.
Automotive Onboard Charger Market Regional Insights
The Asia Pacific is the largest market for automotive onboard chargers, accounted for 37% of the market share in 2022. The government's initiatives for promoting electric vehicle sales in countries like China and India are fueling the market's growth in the region. China is the biggest market in terms of electric vehicle sales around the globe. Companies such as BYD Company Ltd. have witnessed a growth of 97% in their sale of electric vehicles in 2022. Europe is expected to grow significantly during the forecast period. The government's scheme on purchasing electric vehicles is driving the region's market growth. Similarly, continuous efforts to grow electric vehicles sales are also contributing to markets growth. Furthermore, the European market has seen a significant decrease in demand for traditional bikes and has boosted its imports of e-bikes, mainly from Chinese manufactures, which is provide opportunities for the growth of the market in the region.Global Automotive Onboard Charger Market Scope: Inquire before buying
Global Automotive Onboard Charger Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 5.39 Bn. Forecast Period 2023 to 2029 CAGR: 17.3% Market Size in 2029: US $ 16.48 Bn. Segments Covered: by Power Output Less than 11 kW 11 kW to 22 kW More than 22 kW by Propulsion Type Battery Electric Vehicle (BEV) Plug-in Hybrid Electric Vehicle (PHEV) by Vehicle Type Passenger Car Buses Vans Medium & Heavy-Duty Vehicles Boats Others Automotive Onboard Charger Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Automotive Onboard Charger Market, Key Players are
1. Bel Fuse Inc. 2. Delta Energy Systems 3. STMicroelectronics 4. Toyota Industries Corporation 5. Eaton 6. Stercom Power Solutions GmbH 7. innolectric AG 8. BRUSA Elektronik AG 9. AVID Technology Limited 10. Ficosa Internacional SA 11. Analog Devices, Inc. 12. AVID Technology Limited 13. Bel Fuse Inc. 14. BorgWarner Inc. 15. Bourns, Inc. 16. Continental AG 17. Current Ways 18. Eaton 19. Ficosa Internacional SA 20. GaN SystemsFrequently Asked Questions
1. What is the projected market size & growth rate of Global Automotive Onboard Charger Market? Ans- Automotive Onboard Charger Market was valued at USD 5.39 billion in 2022 and is projected to reach USD 16.48 billion by 2029, growing at a CAGR of 17.3% during the forecast period. 2. What is the key driving factor for the growth of Global Automotive Onboard Charger Market? Ans- the market for automotive onboard chargers is expected to grow due to the increasing deployment of electric charging stations worldwide. 3. Which Region accounted for the largest Global Automotive Onboard Charger Market share? Ans- The Asia Pacific is the largest market for automotive onboard chargers, accounted for 37% of the market share in 2022. 4. What makes Europe a Lucrative Market for Global Automotive Onboard Charger Market? Ans- Europe is expected to grow significantly during the forecast period. The government's scheme on purchasing electric vehicles is driving the region's market growth. 5. What are the top players operating in Global Automotive Onboard Charger Market? Ans- Bel Fuse Inc., Delta Energy Systems, STMicroelectronics, Toyota Industries Corporation, Eaton, Stercom Power Solutions GmbH, and innolectric AG.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Onboard Charger Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Onboard Charger Market 3.4. Geographical Snapshot of the Automotive Onboard Charger Market, By Manufacturer share 4. Global Automotive Onboard Charger Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Onboard Charger Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Onboard Charger Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Onboard Charger Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 7.1.1. Less than 11 kW 7.1.2. 11 kW to 22 kW 7.1.3. More than 22 kW 7.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 7.2.1. Battery Electric Vehicle (BEV) 7.2.2. Plug-in Hybrid Electric Vehicle (PHEV) 7.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.3.1. Passenger Car 7.3.2. Buses 7.3.3. Vans 7.3.4. Medium & Heavy-Duty Vehicles 7.3.5. Boats 7.3.6. Others 8. Global Automotive Onboard Charger Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 9.1.1. Less than 11 kW 9.1.2. 11 kW to 22 kW 9.1.3. More than 22 kW 9.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 9.2.1. Battery Electric Vehicle (BEV) 9.2.2. Plug-in Hybrid Electric Vehicle (PHEV) 9.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.3.1. Passenger Car 9.3.2. Buses 9.3.3. Vans 9.3.4. Medium & Heavy-Duty Vehicles 9.3.5. Boats 9.3.6. Others 10. North America Automotive Onboard Charger Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Automotive Onboard Charger Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Automotive Onboard Charger Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Automotive Onboard Charger Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Automotive Onboard Charger Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Automotive Onboard Charger Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Power Output, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Propulsion Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Onboard Charger Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Eaton 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Bel Fuse Inc. 45.5. Delta Energy Systems 45.6. STMicroelectronics 45.7. Toyota Industries Corporation 45.8. Eaton 45.9. Stercom Power Solutions GmbH 45.10. innolectric AG 45.11. BRUSA Elektronik AG 45.12. AVID Technology Limited 45.13. Ficosa Internacional SA 45.14. Analog Devices, Inc. 45.15. AVID Technology Limited 45.16. Bel Fuse Inc. 45.17. BorgWarner Inc. 45.18. Bourns, Inc. 45.19. Continental AG 45.20. Current Ways 45.21. Eaton 45.22. Ficosa Internacional SA 45.23. GaN Systems 46. Primary Key Insights