Home > Energy & Power > Emerging Energy Technologies > EV Charging Infrastructure > Europe BEV On-Board Charger Market

Europe BEV On-Board Charger Market Trends

Report ID: GMI10772
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Europe BEV On-Board Charger Market Trends

Europe stands at the forefront of the global transition towards sustainable transportation, with battery electric vehicles (BEVs) emerging as a key component of the region's decarbonization efforts. The market has witnessed significant growth in recent years, propelled by a combination of regulatory incentives, technological advancements, and shifting consumer preferences.

With ambitious targets set by policymakers to reduce carbon emissions and achieve climate neutrality, the adoption of EVs has become a top priority across the region. As a result, the demand for on-board chargers has soared, driven by the need to expand charging infrastructure and meet the growing needs of EV owners.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of Europe BEV on-board charger reached USD 4.3 billion in 2023 and will grow at 22.1% CAGR from 2024 to 2032, led by stringent emissions standards and ambitious goals for electric vehicle (EV) uptake.

The AC segment is projected to witness over 21.5% CAGR through 2032, driven by the increasing adoption of battery electric vehicles in urban areas.

Germany market is anticipated to surpass USD 6 billion by 2032, propelled by growing environmental concerns, along with increased private and government incentives.

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 among others.