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Asia Pacific Electric Vehicle On-Board Charger Market Trends

Report ID: GMI9565
Published Date: May 2024
Report Format: PDF

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Asia Pacific Electric Vehicle On-Board Charger Market Trends

The market is witnessing increasing demand for high-power on-board chargers to support fast-charging capabilities in electric vehicles, reshaping the dynamics. Also, growing emphasis on charging standardization ensures compatibility across EV models and networks for seamless consumer experiences. Advancements in wireless charging gain traction, offering hassle-free solutions, especially in urban areas and fleets. Furthermore, automaker, charging provider, and tech firm collaborations drive EV charger market growth, reflecting Asia Pacific's dynamic sustainable mobility trends.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific electric vehicle on-board charger was crossed USD 11.3 billion in 2023 and is expected to register 23.5% CAGR from 2024 to 2032, owing to the increasing concerns towards rising pollution levels along with continuous shift towards environmental sustainability in the region.

Asia Pacific electric vehicle on-board charger industry from the BEV propulsion segment and is expected to exceed USD 64 billion by 2032 due to the increasing consumer demand for zero-emission vehicles and government incentives promoting BEV adoption.

China electric vehicle on-board charger industry is expected to surpass USD 70 billion by 2032 due to the country’s ambitious EV targets, subsidies, and incentives accelerating EV adoption and charging infrastructure development.

Aptiv, Delta Energy Systems, Eaton Corporation, Ficosa International SA, Infineon Technologies AG, Kirloskar Electric Company, Powell Industries, STMicroelectronics, and Toyota Industries Corporation, are some of the major electric vehicle on-board charger companies in Asia Pacific.