Hybrid and Electric Vehicle On-Board Charger Market Research 2020-2024 | Market Impact Analysis | Technavio
LONDON--(BUSINESS WIRE)--Dec 29, 2020--
Technavio has been monitoring the hybrid and electric vehicle on-board charger market and it is poised to grow by 5.94 million units during 2020-2024, progressing at a CAGR of about 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Hybrid and Electric Vehicle On-Board Charger Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the hybrid and electric vehicle on-board charger market. The market growth in 2020 is likely to decrease compared to market growth in 2019.
Frequently Asked Questions:
- Based on segmentation by the type, which is the leading segment in the market?
The BEVs is the leading segment in the market.
- What are the major trends in the market?
The invention of bi-directional onboard chargers is the major trend in the market.
- At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of about 30%.
- Who are the top players in the market?
Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Innoelectric GmbH, Mitsubishi Electric Corp., Panasonic Corp., Stercom Power Solutions GmbH are the top players in the market.
- What are the key market drivers and challenges?
The market is driven by the improvements in the power capacity of onboard AC chargers. However, the growth of wireless charging infrastructure will challenge growth.
- How big is the APAC market?
54% of the market’s growth will originate from APAC during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bel Fuse Inc., Continental AG, DEFA AS, EVolve Electrics Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Innoelectric GmbH, Mitsubishi Electric Corp., Panasonic Corp., and Stercom Power Solutions GmbH are some of the major market participants. Although the improvements in power capacity of onboard AC chargers will offer immense growth opportunities, the growth of wireless charging infrastructure is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this hybrid and electric vehicle on-board charger market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Hybrid and Electric Vehicle On-Board Charger Market 2020-2024: Segmentation
Hybrid and electric vehicle on-board charger market is segmented as below:
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR46429
Hybrid and Electric Vehicle On-Board Charger Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hybrid and electric vehicle on-board charger market report covers the following areas:
- Hybrid and Electric Vehicle On-Board Charger Market Size
- Hybrid and Electric Vehicle On-Board Charger Market Trends
- Hybrid and Electric Vehicle On-Board Charger Market Industry Analysis
This study identifies the invention of bi-directional on-board chargers as one of the prime reasons driving the hybrid and electric vehicle on-board charger market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hybrid and Electric Vehicle On-Board Charger Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hybrid and electric vehicle on-board charger market growth during the next five years
- Estimation of the hybrid and electric vehicle on-board charger market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hybrid and electric vehicle on-board charger market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hybrid and electric vehicle on-board charger market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- BEVs - Market size and forecast 2019-2024
- PHEVs - Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Bel Fuse Inc.
- Continental AG
- DEFA AS
- EVolve Electrics Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Innoelectric GmbH
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Stercom Power Solutions GmbH
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201229005473/en/
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INDUSTRY KEYWORD: ENGINEERING AFTERMARKET AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS
SOURCE: Technavio Research
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PUB: 12/29/2020 11:24 PM/DISC: 12/29/2020 11:24 PM