On-board Charger Market Size, Share & Key Drivers 2028
On-board Charger Industry Overview The global on-board charger market size is expected to reach USD 13.96 billion by 2028, registering a CAGR of 17.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increase in electric car sales globally. According to the statistics provided by the IEA organization, in 2019, electric car sales accounted for 2.1 million, registering a 40% year-on-year growth. On-board Charger Market Segmentation Grand View Research has segmented the global on-board charger market based on power output, vehicle type, propulsion type, and region: Based on the Power Output Insights, the market is segmented into Less than 11 kW, 11 kW to 22 kW and More than 22 kW The 11 kW to 22 kW segment dominated the market and accounted for more than 41.0% share of the global revenue in 2020. The 11-22 kW chargers are tri-phase AC chargers that charge an electric vehicle in two to four ...