Worldwide On-board Charger Industry to 2026 - Opportunity Analysis for New Entrants
Share this article Share this article ResearchAndMarkets.com's offering. The Global On-Board Charger market is expected to reach $4.19 billion by 2026 growing at a CAGR of 18.3% from 2019 to 2026. An on-board charger (OBC) is used in an electric vehicle (EV), hybrid electric vehicle (HEV) or in plug-in hybrid vehicles to charge the traction battery. The on-board charger system equipped in an electric vehicle that converts the alternation current (AC) power into direct current (DC) energy that is stored in the battery. Factors such as rise in penetration of electric vehicles and increase in g...
Source: prnewswire.com