Global Hybrid & Electric Vehicle On-Board Charger Market 2018-2022 | Invention of Bi-Directional On-Board Chargers to Boost D...
December 11 2018 - 10:13AM
Business Wire
The global hybrid and electric vehicle on-board charger market
is expected to post a CAGR of over 52% during the period 2018-2022,
according to the latest market research report by Technavio.
However, the market is expected to decelerate on a year-on-year
basis during the forecast period.
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Technavio has released a new market
research report on the global hybrid and electric vehicle on-board
charger market for the period 2018-2022. (Graphic: Business
Wire)
A key factor driving the growth of the global hybrid and
electric vehicle on-board charger market is the improvements in
power capacity of on-board AC chargers. The conventional AC
chargers had a major drawback of slow charging capability, which
has been overcome by AC fast chargers that have a charging capacity
of 22 KW. For instance, BRUSA Elektronik produced the battery
charger NLG6 for EVs capable of operating on a three-phase current.
These improvements are propelling the growth of the market.
This market research report on the global hybrid and electric
vehicle on-board charger 2018-2022 also provide an analysis of
the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend
as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
In this report, Technavio highlights the invention of
bi-directional on-board chargers as one of the key emerging trends
in the global hybrid and electric vehicle on-board charger
market:
Global hybrid and electric vehicle
on-board charger market: Invention of bi-directional on-board
chargers
There has been a strong increase in the penetration of EVs
worldwide, thanks to governments' extensive support to both
manufacturers and consumers. The increased volume of EVs has
increased the demand for electricity, especially during peak hours.
This is leading to the invention and testing of vehicle-to-grid
(V2G) chargers, which can transfer the power between a vehicle and
a grid bi-directionally. This has resulted in the invention of
bi-directional on-board chargers for plug-in vehicles to be
compatible with V2G charging. The growth of the V2G market and the
bi-directional on-board charger market will have a positive impact
on the global hybrid and electric vehicle on-board charger market
during the forecast period.
“Apart from the invention of bi-directional
on-board chargers, factors such as the trend of turning an electric
powertrain into a universal charger, along with the integration of
systems for light weighting of on-board chargers are expected to
positively impact the growth of the global hybrid and electric
vehicle on-board charger market during the forecast period,” says a
senior analyst at Technavio.
Global hybrid and electric vehicle
on-board charger market: Segmentation analysis
This market research report segments the global hybrid and
electric vehicle on-board charger market by vehicle type (BEVs and
PHEVs) and geographical regions (APAC, EMEA, and the Americas).
The APAC led the market in 2017 with a market share of over 62%,
followed by the Americas and EMEA respectively. Although the
Americas held a market share lesser than the APAC in 2017, it is
expected to register the highest incremental growth during the
forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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version on businesswire.com: https://www.businesswire.com/news/home/20181211005665/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com