Asia Pacific On-board Charger Market By Propulsion Type, By Vehicle Type, By Power Output, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

The Asia Pacific On-Board Charger Market is expected to witness market growth of 16.4% CAGR during the forecast period (2021-2027).

Onboard battery charger technology is widely used by companies like AVID Technology Limited, which is very efficient due to its state-of-the-art power switching technology and highly tuned magnetics. It is also operated via an isolated CAN bus connection that is SAE J1939 and ISO11898 compliant. In electric vehicles, the on-board charger is made up of a unit with a range of signal conditioning methods, integrated high voltage isolation AC-DC converters, AC rectifiers, dual bridgeless power factor correction (PFC), gate drivers, error amplifiers, and other power electronic components.

The current demand for on-board chargers is being driven by the high cost of charging an electric vehicle at public charging stations. Commercial electric rates apply to public chargers near roads, malls, and businesses, which are more than residential rates. This necessitates the use of on-board chargers in electric vehicles. One of the primary factors driving market expansion is the increase in the number of AC private and public charging stations around the world.

The Chinese government, for example, has invested over USD 60 billion to help the electric vehicle industry, including R&D investment, tax breaks, and financing for battery-charging stations. Furthermore, Tata Power, an Indian electric utility company and a subsidiary of the Tata Group (India), supports the Indian government's National Electric Mobility Mission, having established the first set of electric vehicles charging stations in Mumbai (India) for the country's growing EV ecosystem.

The China market dominated the Asia Pacific On-board Charger Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,084.7 million by 2027. The Japan market is anticipated to grow a CAGR of 15.7% during (2021 - 2027). Additionally, The India market is expected to experience a CAGR of 17.2% during (2021 - 2027).

Based on Propulsion Type, the market is segmented into Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). Based on Vehicle Type, the market is segmented into Passenger Car, Buses, Vans, Medium & Heavy-Duty Vehicles, Boats, and Others. Based on Power Output, the market is segmented into Less than 11 kW, 11 kW to 22 kW, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Current Ways, Inc., Eaton Corporation PLC, STMicroelectronics N.V., Infineon Technologies AG, Bel Fuse, Inc., TDK Corporation (InvenSense), Toyota Motor Corporation, BorgWarner, Inc., Panasonic Corporation, and AVID Technology Limited.

Scope of the Study

Market Segments Covered in the Report:

By Propulsion Type

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

By Vehicle Type

• Passenger Car
• Buses
• Vans
• Medium & Heavy-Duty Vehicles
• Boats
• Others

By Power Output

• Less than 11 kW
• 11 kW to 22 kW
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Current Ways, Inc.
• Eaton Corporation PLC
• STMicroelectronics N.V.
• Infineon Technologies AG
• Bel Fuse, Inc.
• TDK Corporation (InvenSense)
• Toyota Motor Corporation
• BorgWarner, Inc.
• Panasonic Corporation
• AVID Technology Limited

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