The North America electric vehicle on-board charger market is evaluated to grow with a CAGR of 20.79% in terms of revenue and 22.27% in terms of volume. The market growth of the region is facilitated by rapidly developing technological advancements, the presence of leading electric vehicle industry players, and favorable market conditions for scientific innovations.
NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET FORECAST 2021-2028
North America Electric Vehicle on-board Charger Market by Power Output (Less Than 10 KW, 10 KW to 20 KW, More Than 20 KW) Market by Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid) Market by Vehicle Type (Electric Passenger Car, Electric Buses, Electric Vans, Electric Medium Duty Vehicles, Electric Heavy Duty Vehicles, Electric Agriculture Tractors, Electric Construction Equipment, Electric Mining Vehicles, Electric & Hybrid Boats/ships) and by Geography
The North America electric vehicle on-board charger market is evaluated to grow with a CAGR of 20.79% in terms of revenue and 22.27% in terms of volume. The market growth of the region is facilitated by rapidly developing technological advancements, the presence of leading electric vehicle industry players, and favorable market conditions for scientific innovations.
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The North America electric vehicle on-board charger market growth assessment includes the analysis of the United States and Canada. The United States holds significant potential for the development of electric vehicles. Besides, favorable economic conditions have resulted in increased disposable incomes, leading to the growing demand for improved performance of vehicles. Consequently, the country’s automotive players are also establishing efforts towards innovations in electric vehicles. This aspect facilitates the launch of more advanced and safer electric vehicle components in the United States.
On the other hand, with the steady surge in electric vehicle sales, the United States’ market scenario is anticipated to change substantially over the upcoming years. In addition, further encouragement from federal authorities in terms of installing more charging stations followed by reduced operational costs are set to fuel the demand for on-board chargers. As a result, these factors are anticipated to reinforce the market growth in North America during the forecasted period.
Current Ways Inc, headquartered in the United States, is a leading international electric vehicle charging solution distributer. Besides, it is a spin-off of LHV Power Corporation, a United States-based low and high-voltage power supply industry giant. The company’s consumers include global auto parts manufacturers, aircraft manufacturers, American and Euro-Asian boat manufacturers, as well as labs and special projects at top universities.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- PARENT MARKET ANALYSIS: ELECTRIC VEHICLE
- KEY DRIVERS
- GROWING SALES OF ELECTRIC VEHICLES
- GOVERNMENT INCENTIVES AND PROMOTIONS FOR ELECTRIC VEHICLE INDUSTRY
- HIGH COST OF FAST CHARGING SYSTEMS
- KEY RESTRAINTS
- LACK OF STANDARDIZATION OF EV CHARGING
- INCREASED INSTALLATION OF DC FAST CHARGERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON ELECTRIC VEHICLE ON-BOARD CHARGER MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- MARKET BY POWER OUTPUT (VALUE IN $ MILLION)
- LESS THAN 10 KW
- 10 KW TO 20 KW
- MORE THAN 20 KW
- MARKET BY PROPULSION TYPE (VALUE IN $ MILLION)
- BATTERY ELECTRIC VEHICLE (BEV)
- PLUG-IN HYBRID (PHEV)
- MARKET BY VEHICLE TYPE (VALUE IN $ MILLION)
- ELECTRIC PASSENGER CAR
- ELECTRIC BUSES
- ELECTRIC VANS
- ELECTRIC MEDIUM DUTY VEHICLES
- ELECTRIC HEAVY DUTY VEHICLES
- ELECTRIC AGRICULTURE TRACTORS
- ELECTRIC CONSTRUCTION EQUIPMENT
- ELECTRIC MINING VEHICLES
- ELECTRIC & HYBRID BOATS/SHIPS
- GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN THOUSAND UNITS)
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIP & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AVID TECHNOLOGY LIMITED
- BEL POWER SOLUTION
- BORG WARNER
- BRUSA ELEKTRONIK AG
- CURRENT WAYS INC
- EATON
- FICOSA INTERNACIONAL SA
- HANGZHOU AODI ELECTRONIC CONTROL CO LTD
- INNOELECTRIC GMBH
- LEOPOLD KOSTAL
- SHINRY TECHNOLOGIES
- STERCOM POWER SOLUTIONS GMBH
- TDK CORPORATION
- TOYOTA INDUSTRIES CORPORATION
- XEPICS ITALIA SRL
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE ON-BOARD CHARGER
TABLE 2: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY POWER OUTPUT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY POWER OUTPUT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN THOUSAND UNITS)
TABLE 11: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN THOUSAND UNITS)
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: LITHIUM-ION BATTERY PRICE PER KWH (2010-2019)
FIGURE 2: KEY MARKET TRENDS
FIGURE 3: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY POWER OUTPUT, IN 2020
FIGURE 8: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY LESS THAN 10 KW, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY 10 KW TO 20 KW, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY MORE THAN 20 KW, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2020
FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY BATTERY ELECTRIC VEHICLE (BEV), 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PLUG-IN HYBRID (PHEV), 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020
FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC PASSENGER CAR, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC BUSES, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC VANS, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC MEDIUM DUTY VEHICLES, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC HEAVY DUTY VEHICLES, 2021-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC AGRICULTURE TRACTORS, 2021-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC CONSTRUCTION EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC MINING VEHICLES, 2021-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC & HYBRID BOATS/SHIPS, 2021-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: UNITED STATES ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: CANADA ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN THOUSAND UNITS)
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY POWER OUTPUT (VALUE IN $ MILLION)
- LESS THAN 10 KW
- 10 KW TO 20 KW
- MORE THAN 20 KW
- MARKET BY PROPULSION TYPE (VALUE IN $ MILLION)
- BATTERY ELECTRIC VEHICLE (BEV)
- PLUG-IN HYBRID (PHEV)
- MARKET BY VEHICLE TYPE (VALUE IN $ MILLION)
- ELECTRIC PASSENGER CAR
- ELECTRIC BUSES
- ELECTRIC VANS
- ELECTRIC MEDIUM DUTY VEHICLES
- ELECTRIC HEAVY DUTY VEHICLES
- ELECTRIC AGRICULTURE TRACTORS
- ELECTRIC CONSTRUCTION EQUIPMENT
- ELECTRIC MINING VEHICLES
- ELECTRIC & HYBRID BOATS/SHIPS
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