On-board Electric Vehicle Charger Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2031)

On-board Electric Vehicle Charger Introduction

The Global Market Overview of "On-board Electric Vehicle Charger Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The On-board Electric Vehicle Charger market is expected to grow annually by 14.5% (CAGR 2024 - 2031).

An On-board Electric Vehicle Charger is a device integrated into an electric vehicle that is used to convert AC power from an external power source, such as a charging station, into DC power to charge the vehicle's battery. The purpose of an On-board Electric Vehicle Charger is to provide a convenient and efficient way to charge electric vehicles while on the go, allowing drivers to easily top up their battery levels and extend their driving range.

The advantages of an On-board Electric Vehicle Charger include faster charging times, increased convenience for drivers, reduced emissions, and lower operating costs. As the demand for electric vehicles continues to grow, the On-board Electric Vehicle Charger market is expected to see significant growth as well. With advancements in technology and infrastructure, On-board Electric Vehicle Chargers are becoming more efficient and widely available, making electric vehicles a more practical choice for consumers.

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Market Trends in the On-board Electric Vehicle Charger Market

- Wireless charging: On-board electric vehicle chargers that use wireless technology are gaining popularity, offering convenience and ease of use for consumers.

- Fast charging capabilities: The demand for on-board chargers with fast charging capabilities is increasing, as consumers look for quick and efficient charging solutions for their electric vehicles.

- Increased focus on sustainability: With growing concerns about climate change, more consumers are choosing on-board electric vehicle chargers that are environmentally friendly and energy-efficient.

- Integration with smart technology: On-board chargers that can be controlled and monitored through smart devices are becoming more prevalent, providing added convenience and control for users.

- Industry collaborations and partnerships: Collaborations between electric vehicle manufacturers and charger manufacturers are driving innovation and the development of more advanced on-board charging solutions.

Overall, these trends are expected to propel the on-board electric vehicle charger market growth as consumers seek more efficient, convenient, and sustainable charging options for their electric vehicles.

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Market Segmentation

The On-board Electric Vehicle Charger Market Analysis by types is segmented into:

• 16A
• 20A
• Other

On-board Electric Vehicle Chargers come in various types such as 16A, 20A, and others. Each type caters to different charging needs and capabilities, providing flexibility and convenience to electric vehicle owners. The availability of different charging options helps in boosting the demand of the On-board Electric Vehicle Charger market as it caters to a wider range of vehicles and charging requirements, making it more accessible and appealing to consumers looking to transition to electric vehicles.

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The On-board Electric Vehicle Charger Market Industry Research by Application is segmented into:

• Residential Charging
• Commercial Charging
• Workplace Charging

The application of On-board Electric Vehicle Charger includes Residential Charging, Commercial Charging, and Workplace Charging. These chargers are used to quickly and efficiently charge electric vehicles at home, in public spaces, and at workplaces. The fastest growing application segment in terms of revenue is Commercial Charging, as more businesses are investing in infrastructure to support electric vehicle adoption and provide charging options for their customers and employees. This segment is expected to grow rapidly due to the increasing demand for electric vehicles and the need for convenient charging solutions in commercial areas.

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Geographical Spread and Market Dynamics of the On-board Electric Vehicle Charger Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The on-board electric vehicle charger market is experiencing significant growth across regions, with increasing adoption of electric vehicles driving demand. In North America, key players such as Chargepoint, Blink Charging, and AeroVironment are leading the market with innovative charging solutions. In Europe, companies like ABB, Siemens, and Efacec are at the forefront of the market, capitalizing on the region's push towards sustainable transportation. In Asia-Pacific, China dominates the market with companies like BYD, NARI, and Xuji Group leading the way. Latin America and the Middle East & Africa are also seeing growth in the market, with companies like Potivio and Saudi Arabia's Wanbang expanding their presence. The market is set to continue growing due to government incentives, increasing public awareness, and advancements in charging technology.

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On-board Electric Vehicle Charger Market Growth Prospects and Market Forecast

The on-board electric vehicle charger market is expected to witness a strong CAGR during the forecasted period, driven by innovative growth drivers such as increasing adoption of electric vehicles, government support for electric vehicle infrastructure, and advancements in charging technology.

To enhance growth prospects, deployment strategies such as expanding charging networks, development of fast-charging solutions, and collaborations between automakers and charging infrastructure providers are crucial. Additionally, trends like wireless charging technology, vehicle-to-grid integration, and smart charging solutions are expected to further boost market growth.

Innovative strategies to increase market growth include the development of ultra-fast chargers, implementation of intelligent charging management systems, and integration of renewable energy sources in charging infrastructure. Moreover, promoting electric vehicle adoption through incentives, subsidies, and awareness campaigns can accelerate market growth.

Overall, the on-board electric vehicle charger market is poised for significant growth with the adoption of innovative technologies and deployment strategies that cater to the increasing demand for electric vehicles and address growing sustainability concerns.

On-board Electric Vehicle Charger Market: Competitive Intelligence

• Chargepoint(US)
• ABB(Switzerland)
• Eaton(Ireland)
• Leviton(US)
• Blink Charging(US)
• Schneider Electric(France)
• Siemens(Germany)
• General Electric(US)
• AeroVironment(US)
• IES Synergy(France)
• Chargemaster(Elektromotive)
• Efacec (Portugal)
• Clipper Creek(US)
• DBT-CEV(France)
• Pod Point(UK)
• BYD(China)
• NARI(China)
• Xuji Group(China)
• Potivio(China)
• Auto Electric Power Plant(China)
• Wanbang(China)
• Qingdao Telaidian(China)

Some of the key players in the competitive on-board electric vehicle charger market are Chargepoint(US), ABB(Switzerland), Eaton(Ireland), Leviton(US), Blink Charging(US), Schneider Electric(France), Siemens(Germany), General Electric(US), AeroVironment(US), IES Synergy(France), Chargemaster(Elektromotive), Efacec(Portugal), Clipper Creek(US), DBT-CEV(France), Pod Point(UK), BYD(China), NARI(China), Xuji Group(China), Potivio(China), Auto Electric Power Plant(China), Wanbang(China), and Qingdao Telaidian(China).

Chargepoint, founded in 2007, is a leading player in the EV charging solutions market and has a strong presence in the US and Europe. ABB, a Swiss multinational corporation, offers a wide range of charging solutions for electric vehicles. Blink Charging is known for its innovative charging infrastructure and strategic partnerships in the market.

In terms of revenue figures:

- Chargepoint reported $146 million in sales revenue in 2020.

- ABB reported $ billion in sales revenue in 2020.

- Eaton reported $17.9 billion in sales revenue in 2020.

- Schneider Electric reported $27.2 billion in sales revenue in 2020.

These companies have shown impressive market growth prospects and have been focusing on innovative market strategies to stay ahead in the competitive on-board electric vehicle charger market. Their past performance and market size indicate a promising future in the EV charging industry.

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