Europe On-board Charger Market Size & Outlook, 2023-2030
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Europe on-board charger market highlights
- The Europe on-board charger market generated a revenue of USD 2,291.5 million in 2023.
- The market is expected to grow at a CAGR of 18.7% from 2024 to 2030.
- In terms of segment, less than 11kw was the largest revenue generating power output in 2023.
- More than 22kW is the most lucrative power output segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,291.5 million |
| Market revenue in 2030 | USD 7,611.5 million |
| Growth rate | 18.7% (CAGR from 2023 to 2030) |
| Largest segment | Less than 11kw |
| Fastest growing segment | More than 22kW |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 11kW, 11kW to 22kW, More than 22kW |
| Key market players worldwide | Bel Fuse Inc Class A, Delta Electronics Inc DR, STMicroelectronics NV, Toyota Industries Corp, Eaton Corp PLC, Panasonic Industry |
Other key industry trends
- In terms of revenue, Europe region accounted for 38.3% of the global on-board charger market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,191.7 million by 2030.
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On-board Charger Market Scope
On-board Charger Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bel Fuse Inc Class A | View profile | 5260 | 300 Executive Drive, Suite 300, West Orange, NJ, United States, 07302 | https://www.belfuse.com |
| Panasonic Industry | View profile | 1001-5000 | Ottobrunn, Bayern, Germany, Europe | https://www.panasonic-electric-works.co.uk |
| Delta Electronics Inc DR | View profile | 68000 | No. 186, Ruey Kuang Road, Neihu District, Taipei, Taiwan, 11491 | https://www.deltaww.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Toyota Industries Corp | View profile | 89245 | 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan, 448-8671 | https://www.toyota-industries.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
Europe on-board charger market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to on-board charger market will help companies and investors design strategic landscapes.
Less than 11kw was the largest segment with a revenue share of 39.94% in 2023. Horizon Databook has segmented the Europe on-board charger market based on less than 11kw, 11kw to 22kw, more than 22kw covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of on-board charger market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe on-board charger market , including forecasts for subscribers. This continent databook contains high-level insights into Europe on-board charger market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe on board charger market size, by country, 2017-2030 (US$M)
Europe On-board Charger Market Outlook Share, 2023 & 2030 (US$M)
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