The hybrid and electric vehicle on-board charger market has the potential to grow by 7434.41 thousand units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 32.64%.
This hybrid and electric vehicle on-board charger market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (BEVs and PHEVs) and geography (APAC, Europe, North America, South America, and MEA). The hybrid and electric vehicle on-board charger market report also offers information on several market vendors, including Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Innoelectric GmbH, Mitsubishi Corp., Panasonic Corp., and Stercom Power Solutions GmbH among others.
What will the Hybrid and Electric Vehicle On-Board Charger Market Size be in 2021?
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Hybrid and Electric Vehicle On-Board Charger Market: Key Drivers and Trends
The improvements in power capacity of on-board AC chargers are notably driving the hybrid and electric vehicle on-board charger market growth, although factors such as the growth of wireless charging infrastructure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hybrid and electric vehicle on-board charger industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This hybrid and electric vehicle on-board charger market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Hybrid and Electric Vehicle On-Board Charger Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Bel Fuse Inc.
- Continental AG
- DEFA AS
- EVolve Electrics Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Innoelectric GmbH
- Mitsubishi Corp.
- Panasonic Corp.
- Stercom Power Solutions GmbH
This statistical study of the hybrid and electric vehicle on-board charger market encompasses successful business strategies deployed by the key vendors. The hybrid and electric vehicle on-board charger market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hybrid and electric vehicle on-board charger market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Hybrid and Electric Vehicle On-Board Charger Market?
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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid and electric vehicle on-board chargers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The adoption of innovative technologies will facilitate the hybrid and electric vehicle on-board charger market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Type Segments in the Hybrid and Electric Vehicle On-Board Charger Market?
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The hybrid and electric vehicle on-board charger market share growth by the BEVs segment will be significant during the forecast period. BEVs are widely considered the preferred mode of transportation of the future. They are expected to reduce air and noise pollution as well as offer improved overall performance. Although BEVs are expensive, they are a better and more viable long-term option due to their long lifespan and low maintenance costs. They are smooth to drive and provide a great degree of comfort to the passengers. Hence, the growth of the market segment has been significant.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hybrid and electric vehicle on-board charger market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Hybrid and Electric Vehicle On-Board Charger Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive hybrid and electric vehicle on-board charger market growth during the next five years
- Precise estimation of the hybrid and electric vehicle on-board charger market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the hybrid and electric vehicle on-board charger industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hybrid and electric vehicle on-board charger market vendors
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Hybrid And Electric Vehicle On-Board Charger Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 32.64% |
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Market growth 2021-2025 |
7434.41 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
26.75 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 45% |
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Key consumer countries |
China, US, Norway, Germany, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Innoelectric GmbH, Mitsubishi Corp., Panasonic Corp., and Stercom Power Solutions GmbH |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |