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(Wireless-NewsWire.Com, August 27, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global On-board Charger market for 2018-2023.
A battery charger, or recharger, is a device used to put energy into a secondary cell or rechargeable battery by forcing an electric current through it. Compared with off-board chargers, on-board chargers supplies lower power.
Most battery and plug-in hybrid electric vehicle (PHEV) manufacturers in Europe and the US have been adopting onboard chargers with a power output between 3 to 3.7 kilowatts (kW). Now, EV manufacturers are moving towards onboard chargers with a power output greater than 6.6 kW to reduce charging time.
While high-end PHEVs are contributing to this trend, lower-end models in this segment are still using 3.7 kW onboard chargers. Onboard chargers with power ratings between 3 to 3.7 kW are expected to remain dominant, accounting for 63% of sales even in 2022.
More than 15 major companies supply onboard chargers globally, with BYD, Lear Corporation and Panasonic in key positions as suppliers for BYD, Chevrolet Volt and Nissan Leaf. By way of high-volume manufacturing and strategic partnerships, onboard charger suppliers in Europe and the US will be able to lower the price of their products.
Over the next five years, this report projects that On-board Charger will register a 23.0% CAGR in terms of revenue, reach US$ 2620 million by 2023, from US$ 760 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of On-board Charger market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Lower than 3.0 kilowatts
3.0 - 3.7 kilowatts
Higher than 3.7 kilowatts
Segmentation by application:
PHEV
EV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
BYD
Nichicon
Tesla
Infineon
Panasonic
Delphi
LG
Lear
Dilong Technology
Kongsberg
Kenergy
Wanma
IES
Anghua
Lester
Tonhe Technology
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global On-board Charger consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of On-board Charger market by identifying its various subsegments.
Focuses on the key global On-board Charger manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the On-board Charger with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of On-board Charger submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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