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AC BEV On-Board Charger Market Size
- Report ID: GMI10646
- Published Date: Aug 2024
- Report Format: PDF
AC BEV On-Board Charger Market Size
AC BEV On-Board Charger Market was valued at USD 8.6 billion in 2023 and will grow at a CAGR of 22% from 2024 to 2032, driven by ongoing worldwide EV adoption and paradigm shift toward adoption of clean energy technologies, necessitating faster and more potent charging solutions. Manufacturers are responding to this demand by developing on-board chargers with higher power ratings, aiming to significantly reduce charging times and enhance the overall user experience.
The rapid transformation aligns with the widespread adoption of low-carbon, energy-efficient, and electric-powered transportation, which is expected to propel industry growth. Favorable government regulations, prompted by the escalating effects of greenhouse gas emissions and their adverse impact on environmental health are driving demand for sustainable electric vehicles further driving the industry trends.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| AC BEV On-Board Charger Market Size in 2023: | USD 8.6 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 22% |
| 2032 Value Projection: | USD 53.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Rating & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
AC BEV On-Board Charger Market Scope
