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BEV On-Board Charger Market Trends

  • Report ID: GMI7327
  • Published Date: Nov 2023
  • Report Format: PDF

BEV On-Board Charger Market Trends

The BEV on-board charger industry is currently undergoing a transformative shift, driven by several prominent trends. As the adoption of electric vehicles continues to rise, there is a discernible demand for faster and more robust charging solutions. This demand is compelling manufacturers to engineer on-board chargers with higher power ratings, which can significantly reduce charging times.
 

Another key trend is the increasing interest in bidirectional charging capabilities, allowing electric vehicles not only to draw power from the grid but also to feed excess energy back, contributing to grid stability and enabling home energy use optimization. Furthermore, the integration of advanced materials such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors is revolutionizing charger efficiency and enhancing overall performance.
 

The integration of intelligent charging features, including remote monitoring and optimization, is gaining significance among users who desire greater control and efficiency in their electric vehicle charging processes. Concurrently, there are ongoing efforts to standardize charging protocols to ensure compatibility and interoperability across a wide range of EV models and charging infrastructure. This standardization aims to streamline the charging experience for consumers and further drive the expansion of market. These combined trends underscore the industry's dedication to improving the convenience, speed, and sustainability of electric vehicle charging systems.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

BEV On-Board Charger industry Size was valued at USD 3.6 billion in 2022 and is projected to grow at a CAGR of over 10% through 2032.

The DC segment will record over 12.5% CAGR from 2023 to 2032 owing to the consumer demand for faster charging and increased driving range.

Asia Pacific BEV on-board charger market will observe over 10.1% CAGR from 2023 to 2032 attributed to the swift adoption of BEVs, extensive infrastructure expansion, local manufacturing capabilities, technological innovations, and robust government backing.

BorgWarner Inc., alfanar Group, Powell Industries, Kirloskar Electric Company, Bell Power Solution, BRUSA Elektronik AG, Current Ways Inc., Delphi Technologies, Eaton Corporation, Stercom Power Solutions GmbH, and Infineon Technologies AG among others.

BEV On-Board Charger Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 455
  • Countries covered: 15
  • Pages: 360
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