BEV On-Board Charger Market - By Rating (< 11 kW, > 11 kW to 22 kW, > 22 kW), By Current (AC, DC), & Forecast, 2023

Description

List of Tables

BEV On-Board Charger Market size is poised to expand at over 10% CAGR from 2023-2032 driven by the rollout of stringent environmental regulations worldwide. Several governments globally are imposing strict emission standards to combat climate change and reduce air pollution. Consequently, leading automotive manufacturers are compelled to accelerate the production and adoption of EVs, contributing to the growing demand for advanced on-board chargers.

Furthermore, the rising collaborations between automotive manufacturers, charging infrastructure providers, and technology companies to enhance the development and deployment of on-board charging solutions will boost the market growth. For instance, in November 2023, BorgWarner signed an agreement to supply its bi-directional 800V onboard charger to a major North American OEM for the automaker's premium passenger BEV platforms.

The overall industry is segmented into rating, current, & region.

Based on rating, the battery electric vehicle on-board charger market from the > 22 kW segment gained significant traction in 2022 and is projected to generate substantial revenue by 2032. The ongoing advancements in EV charging infrastructure is surging the demand for higher-rated onboard chargers to enable faster charging for addressing the consumer needs for reduced charging times and increased convenience. Additionally, the growing essentiality of > 22 kW rated chargers for long-range EVs will contribute to the segment growth.

As per current, the AC segment is estimated to record significant share of the BEV on-board charger industry between 2023 and 2032. This is due to the increasing adoption of AC chargers in EV charging infrastructure for providing convenience for daily charging needs. The growing acceptance of BEVs is escalating the demand for efficient and versatile AC on-board chargers. Furthermore, the surging need to enable BEVs to connect to standard household and public AC charging stations is adding to the widespread product adoption.

Regionally, the Europe BEV on-board charger industry is set to exhibit robust growth between 2023 and 2032 attributed to the increasing adoption of sustainable mobility and stringent emission regulations in the region. Several European countries are investing significantly on expanding their charging infrastructure, including AC and DC charging stations. For instance, in June 2023, Germany announced plans to invest around €900 million in subsidies to expand the EV charging stations network for both consumers and companies. The jump in government incentives and favorable policies coupled with the rising popularity of EVs are also escalating the need for efficient and advanced onboard chargers, thereby accelerating the regional industry growth.

Product Code: 7327

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 Data Sources
- 1.5.1 Primary
- 1.5.2 Secondary
  - 1.5.2.1 Paid sources
  - 1.5.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 BEV On-board charger industry 360 degree synopsis, 2019 - 2032
2.2 Business trends
2.3 Rating trends
2.4 Current trends
2.5 Regional trends

Chapter 3 BEV On-Board Charger Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Strategy dashboard
4.2 Innovation & sustainability landscape

Chapter 5 BEV On-Board Charger Market Size and Forecast, By Rating ('000 Units & USD Million)

5.1 Key rating trends
5.2 < 11 kW
5.3 > 11 kW to 22 kW
5.4 > 22 kW

Chapter 6 BEV On-Board Charger Market Size and Forecast, By Current ('000 Units & USD Million)

6.1 Key current trends
6.2 AC
6.3 DC

Chapter 7 BEV On-Board Charger Market Size and Forecast, By Region ('000 Units & USD Million)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Norway
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Netherlands
- 7.3.5 UK
- 7.3.6 Sweden
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 South Korea
- 7.4.5 Singapore
7.5 Middle East & Africa
- 7.5.1 Saudi Arabia
- 7.5.2 UAE
- 7.5.3 Qatar
- 7.5.4 South Africa
7.6 Latin America
- 7.6.1 Brazil
- 7.6.2 Argentina

Chapter 8 Company Profiles

8.1 BorgWarner Inc.
8.2 alfanar Group
8.3 Powell Industries
8.4 Kirloskar Electric Company
8.5 Bell Power Solution
8.6 BRUSA Elektronik AG
8.7 Current Ways Inc.
8.8 Delphi Technologies
8.9 Eaton Corporation
8.10 Stercom Power Solutions GmbH
8.11 Delta Energy Systems
8.12 STMicroelectronics
8.13 innolectric AG
8.14 AVID Technology Limited
8.15 Ficosa International SA
8.16 Toyota Industries Corporation
8.17 Xepics Italia SRL
8.18 Infineon Technologies AG