Global On-board Charger Market -- KBV Research

April 2024

Global On-board Charger Market

Global On-board Charger Market size to reach USD 10 Billion by 2027 - KBV Research

NEW YORK - March 28, 2022 - PRLog -- n-board Charger Market Growth, Trends and Report Highlights

According to a new report Global On-Board Charger Market, published by KBV research, The Global On-Board Charger Market size is expected to reach $10 billion by 2027, rising at a market growth of 16.2% CAGR during the forecast period.

The Battery Electric Vehicle (BEV) market is generating high revenue in the Global On-board Charger Market by Propulsion Type 2020, thereby, achieving a market value of $6.7 billion by 2027. The propulsion in a Battery Electric Vehicle (BEV) is provided by a plug-in charged battery. The rise of BEVs is propelling the segment forward. Several firms, including Volkswagen, Audi, and Mercedes-Benz, have the largest market share in the BEV class.

The Buses market shows highest growth rate of 15.3% during (2021 - 2027). The growth of the segment is likely to be surged by an increase in sales of zero-emission buses around the world. Electric bus sales are predicted to increase to 83 percent by 2040, according to estimates published by Sustainable Bus, a digital magazine focused on the electric bus business.

The Less than 11 kW market acquired maximum revenue share in the Global On-board Charger Market by Power Output 2020, thereby, achieving a market value of $5.3 billion by 2027. In the future years, most electric vehicles will have on-board chargers ranging from 6 to 11 kW. Simultaneously, the advantages given by less than 11 kW on-board chargers, such as better charging efficiency and enhanced performance, are projected to propel the growth of the segment.

Full Report: https://www.kbvresearch.com/on-board-charger-market/

Global On-board Charger Market Segmentation

By Propulsion Type