North America Electric Vehicle On-board Charger Market Forecast 2021-2028
KEY FINDINGS
The North America electric vehicle on-board charger market is projected to progress with a CAGR of 22.27% in terms of volume and 20.79% in terms of revenue. The regional market’s growth is mainly attributed to favorable market conditions for scientific innovations, the presence of well-established electric vehicle industry players, and rapidly developing technological advancements.
MARKET INSIGHTS
The North America electric vehicle on-board charger market growth evaluation entails the assessment of Canada and the United States. Presently, Canada holds a relatively minor share within the North America electric vehicle on-board charger market. However, the nation is anticipated to grow with a notable CAGR over the forecasted years. In terms of automobile production, Canada observed a negative growth rate from 2010 to 2017 due to the financial crisis of 2008-2009. Nevertheless, the country’s automotive sales acquired a much-required boost in 2018, primarily due to the increased growth rate of commercial vehicles, thereby improving Canada’s automotive growth outlook.
Over 70% of the electric vehicle sales in Canada are derived from three regions including, British Columbia, Quebec, and Ontario, collectively encompassing 75% of the total population. Moreover, government reformations facilitating the sale of electric vehicles are being drafted across numerous Canadian states. In this regard, Canada has a coherent policy allowing a $5,000 rebate to electric car buyers. The program is termed iZEV and also includes plug-in hybrid vehicles (PHEV). Therefore, these factors are set to play a pivotal role in augmenting the North America electric vehicle on-board charger market growth.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market are Current Ways Inc, TDK Corporation, LG Electronics, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Parent Market Analysis: Electric Vehicle
- 3.2. Key Drivers
- 3.2.1. Growing Sales Of Electric Vehicles
- 3.2.2. Government Incentives And Promotions For Electric Vehicle Industry
- 3.2.3. High Cost Of Fast Charging Systems
- 3.3. Key Restraints
- 3.3.1. Lack Of Standardization Of Ev Charging
- 3.3.2. Increased Installation Of Dc Fast Chargers
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Electric Vehicle On-board Charger Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 5. Market By Power Output (Value In $ Million)
- 5.1. Less Than 10 Kw
- 5.2. 10 Kw To 20 Kw
- 5.3. More Than 20 Kw
- 6. Market By Propulsion Type (Value In $ Million)
- 6.1. Battery Electric Vehicle (Bev)
- 6.2. Plug-in Hybrid (Phev)
- 7. Market By Vehicle Type (Value In $ Million)
- 7.1. Electric Passenger Car
- 7.2. Electric Buses
- 7.3. Electric Vans
- 7.4. Electric Medium Duty Vehicles
- 7.5. Electric Heavy Duty Vehicles
- 7.6. Electric Agriculture Tractors
- 7.7. Electric Construction Equipment
- 7.8. Electric Mining Vehicles
- 7.9. Electric & Hybrid Boats/Ships
- 8. Geographical Analysis (Value In $ Million & Volume In Thousand Units)
- 8.1. North America
- 8.1.1. Key Growth Enablers
- 8.1.2. Key Challenges
- 8.1.3. Key Players
- 8.1.4. Country Analysis
- 8.1.4.1. United States
- 8.1.4.2. Canada
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnership & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Avid Technology Limited
- 9.2.2. Bel Power Solution
- 9.2.3. Borg Warner
- 9.2.4. Brusa Elektronik Ag
- 9.2.5. Current Ways Inc
- 9.2.6. Eaton
- 9.2.7. Ficosa Internacional Sa
- 9.2.8. Hangzhou Aodi Electronic Control Co Ltd
- 9.2.9. Innoelectric Gmbh
- 9.2.10. Leopold Kostal
- 9.2.11. Shinry Technologies
- 9.2.12. Stercom Power Solutions Gmbh
- 9.2.13. Tdk Corporation
- 9.2.14. Toyota Industries Corporation
- 9.2.15. Xepics Italia Srl
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