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Asia Pacific BEV On-Board Charger Market Trends

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

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Asia Pacific BEV On-Board Charger Market Trends

Efforts to standardize charging protocols and establish comprehensive infrastructure are propelling market growth. Such initiatives not only enhance interoperability but also offer convenience to electric vehicle (EV) owners, ensuring a smooth user experience. With the EV market in Asia Pacific evolving, the battery electric vehicle (BEV) on-board charger segment stands ready for significant expansion. This growth trajectory opens up vast opportunities for manufacturers, suppliers, and service providers to capitalize on the electrification wave. Key drivers like strong government backing, swift urbanization, and a heightened focus on environmental sustainability are steering the region towards a greener transportation future.

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