The globalElectric Vehicle On-Board Charger Marketsize is projected to grow from USD 11.64 billion in 2028 to USD 3.45 billion in 2021 , at a CAGR ofCAGR of 18.9%during the forecast period.The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Automobile manufacturers are increasingly focusing and investing in designing and developing electric vehicles, which is also a trend in the mobility and freight transportation industry. Therefore, the electric vehicle on-board charger market will increase proportionally with the growth in the EV market. Currently, most of the EVs in the market are equipped with on-board unidirectional battery charging systems. Some vehicles charge their batteries using off-board chargers. The recent surge of EV investments by the transport sector demonstrates a change of exemplars. For instance, the development of wireless, bi-directional and fast chargers. Electric Vehicle Charging Point Suppliers
Get a Free Sample Research PDF:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/106166
Electric Vehicle On-Board Charger Industry Competitive Analysis:
TheElectric Vehicle On-Board Charger Marketreport examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Major Electric Vehicle On-Board Charger Manufacturers covered in the market report include:
Purchase Full Report at -https://www.fortunebusinessinsights.com/checkout-page/106166
Electric Vehicle On-Board Charger Regional Analysis:
This study provides an overview of the Global Electric Vehicle On-Board Charger , tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Electric Vehicle On-Board Charger by its Type, Applications, End User and Region.
Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/106166
Fortune Business Insights delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Electric Vehicle On-Board Charger Market Future, Growth, Share, Opportunities and Forecast Report by 2021-2028
Electric Car Charging Stations Suppliers © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.