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Asia Pacific BEV On-Board Charger Market Size

  • Report ID: GMI10724
  • Published Date: Aug 2024
  • Report Format: PDF

Asia Pacific BEV On-Board Charger Market Size

Asia Pacific BEV On-Board Charger Market was valued at USD 9.2 billion in 2023 and will grow at a CAGR of 23.4% 2024 to 2032 Ongoing regional EV adoption and a shift towards clean energy technologies are driving the market's growth, creating a demand for faster and more efficient charging solutions. As a result, manufacturers are developing EV on-board chargers with higher power ratings, targeting a significant reduction in charging times and an improved overall user experience.

 

The rapid transformation towards low-carbon, energy-efficient, and electric-powered transportation is expected to significantly propel industry growth. Favourable government regulations, driven by the increasing effects of greenhouse gas emissions and their negative impact on environmental health, are boosting demand for sustainable electric vehicles. This in turn is driving industry trends and further accelerating growth.
 

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for BEV on-board charger was worth over USD 9.2 billion in 2023 and will grow at 23.4% CAGR from 2024 to 2032, due to ongoing regional EV adoption and a shift towards clean energy technologies.

Asia Pacific BEV on-board charger market size from the > 11 kW to 22 kW rating industry is projected to surpass USD 34.5 billion by 2032 led by efforts to standardize charging protocols to achieve uniformity and compatibility across different EV models and charging infrastructure.

China BEV on-board charger industry is anticipated to reach over USD 57 billion by 2032, due to government authorities implementing stringent emissions regulations and offering incentives to accelerate EV adoption.

Alfanar Group, AVID Technology Limited, Bell Power Solution, BorgWarner Inc., BRUSA Elektronik AG, Current Ways Inc., Delphi Technologies, Delta Energy Systems, Eaton Corporation, and Ficosa International SA

Asia Pacific BEV On-Board Charger Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 5
  • Pages: 120
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