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Asia Pacific Electric Vehicle On-Board Charger Market Size
- Report ID: GMI9565
- Published Date: May 2024
- Report Format: PDF
Asia Pacific Electric Vehicle On-Board Charger Market Size
Asia Pacific Electric Vehicle On-Board Charger Market was valued at USD 11.3 billion in 2023 and is set to expand at more than 23.5% CAGR between 2024 and 2032. Increasing concerns towards rising pollution levels by vehicles powered by conventional fuel along with continuous shift towards environmental sustainability is resulting in the adoption of electric vehicles in the region. Additionally, supportive government policies, including subsidies, incentives, and stringent emission regulations, are further driving market growth.
Advancements in charging technologies, including fast charging and wireless charging, are enhancing convenience and appeal of electric vehicles, fuelling market expansion. With Asia Pacific emerging as key hub for EV manufacturing and innovation, the electric vehicle on-board charger market in the region is poised for robust growth in the coming years.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific Electric Vehicle On-Board Charger Market Size in 2023: | USD 11.3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 23.5% |
| 2032 Value Projection: | USD 79.7 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 110 |
| Tables, Charts & Figures: | 20 |
| Segments covered: | Propulsion, Rating, & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific Electric Vehicle On-Board Charger Market Scope
