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DC BEV On-Board Charger Market Size
- Report ID: GMI11491
- Published Date: Sep 2024
- Report Format: PDF
DC BEV On-Board Charger Market Size
DC BEV On-Board Charger Market was valued at USD 6.8 billion in 2023 and will grow at a CAGR of 23% from 2024 to 2032 driven by ongoing technological advancements in charging infrastructure along with rising adoption of electric vehicles (EVs) across the globe.
In response to this demand, manufacturers are developing on-board chargers with higher power ratings, significantly reducing charging times and enhancing the overall user experience. Continuous advancements in charging technologies, such as ultra-fast and high efficiency charging systems are boosting the adoption of DC on-board chargers. These innovations cater to the growing need for faster charging times and enhanced energy efficiency in battery electric vehicles (BEVs).
In addition, with global efforts to curb carbon emissions, governments and consumers are increasingly embracing electric vehicles. This surge in EV adoption is driving demand for efficient charging systems, including DC on-board chargers that provide faster and more efficient energy transfer.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| DC BEV On-Board Charger Market Size in 2023: | USD 6.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 23% |
| 2032 Value Projection: | USD 45.6 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Rating & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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DC BEV On-Board Charger Market Scope
