Electric Vehicle On-board Charger Market Overview: Latest Trends, Market Size & Share, Growth Factors and Forecast 2022-2030
Market Highlights Global Electric Vehicle On-board Charger Market size is anticipated to register a significant CAGR of 22% between 2020 and 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 AC input from the grid to a DC input, which further charges the battery. The electronic components used in on-board charger (OBC) provides the means to recharge the battery from the AC mains either at home or from outlets found in private or public charging stations. The on-board charger in electric vehicles consists of the unit that includes variety of signal conditioning solutions, integrated high voltage isolation AC-DC converters, AC rectifiers, dual bridgeless power factor correction (PFC), gate drivers, error amplifiers, and many other power electronic components. A charging station is part of the grid