Global On-board Charger market is expected to 4050 million US$ by the end of 2025

The global On-board Charger market was 760 million US$ in 2017 and is expected to 4050 million US$ by the end of 2025, growing at a CAGR of 23.3% between 2018 and 2025.

Publisher: QYResearch

Published Date: 2018/8/9

A battery charger, or recharger, is a device used to put energy into a secondary cell or rechargeable battery by forcing an electric current through it. Compared with off-board chargers, on-board chargers supplies lower power. Sale volumes of onboard chargers stood at 1180 K units in 2017 and estimate this to reach 3560 k units by 2022.

Most battery and plug-in hybrid electric vehicle (PHEV) manufacturers in Europe and the US have been adopting onboard chargers with a power output between 3 to 3.7 kilowatts (kW). Now, EV manufacturers are moving towards onboard chargers with a power output greater than 6.6 kW to reduce charging time.

While high-end PHEVs are contributing to this trend, lower-end models in this segment are still using 3.7 kW onboard chargers. Onboard chargers with power ratings between 3 to 3.7 kW are expected to remain dominant, accounting for 63% of sales even in 2022.

More than 15 major companies supply onboard chargers globally, with BYD, Lear Corporation and Panasonic in key positions as suppliers for BYD, Chevrolet Volt and Nissan Leaf. By way of high-volume manufacturing and strategic partnerships, onboard charger suppliers in Europe and the US will be able to lower the price of their products.

The major companies are BYD, Nichicon, Tesla, Infineon, Panasonic, Delphi, LG, Lear, Dilong Technology, Kongsberg, Kenergy, Wanma, IES, Anghua, Lester, Tonhe Technology and ect.

Click to view the full report: https://www.qyresearch.com/index/detail/557340/global-on-board-charger-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com