The Norway electric vehicle on-board charger market is set to develop with a CAGR of 23.49% in terms of volume and 22.01% in terms of revenue over the estimated years. Key factors such as the increased adoption of electric vehicles and significant government investments in charging infrastructure as well as financial incentives are predominantly accredited to the market growth of the country. The base year considered for the studied market is 2020, and the forecasted period is from 2021 to 2026.
NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET FORECAST 2021-2026
Norway Electric Vehicle on-board Charger Market by Power Output (Less Than 10 KW, 10 KW to 20 KW, More Than 20 KW) Market by Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid) Market by Vehicle Type (Electric Passenger Car, Electric Buses, Electric Vans, Electric Medium Duty Vehicles, Electric Heavy Duty Vehicles, Electric Agriculture Tractors, Electric Construction Equipment, Electric Mining Vehicles, Electric & Hybrid Boats/ships)
The Norway electric vehicle on-board charger market is set to develop with a CAGR of 23.49% in terms of volume and 22.01% in terms of revenue over the estimated years. Key factors such as the increased adoption of electric vehicles and significant government investments in charging infrastructure as well as financial incentives are predominantly accredited to the market growth of the country. The base year considered for the studied market is 2020, and the forecasted period is from 2021 to 2026.
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The fleet of hybrid plug-in vehicles in Norway is the highest per capita globally. In 2014, Norway became the first country with 1 in 100 passenger cars being an electric plug-in. In addition, the market share increased by 5% in 2016 and 10% in 2018. As a result, the Norwegian plug-in car segment’s revenue share has continued to remain the highest across the world for several years, reaching up to 29.1%, 39.2%, 49.1%, and 49.1%, in 2016, 2017, 2018, and 2019 respectively.
On the other hand, in 2019, approximately 60% of new cars sold in Norway were completely electric-powered. While the Scandinavian country anticipates curbing fossil-fueled car sales by 2025, the aforementioned figure is also the latest record-breaking statistic surrounding Norway and electric vehicle (EV) records. Hence, these factors are evaluated to propel the electric vehicle on-board charger market in the country over the forecast period.
Brusa Elektronik AG, headquartered in Switzerland, is a leading development service provider for all mechanical and electronic components of the e-powertrain. The firm’s business segments are classified into drive, power electronics, and inductive charging. It caters to motorsport vehicles, passenger vehicles, recreational vehicles, and commercial vehicles, among others.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VALUE CHAIN ANALYSIS
- MARKET BY POWER OUTPUT
- LESS THAN 10 KW
- 10 KW TO 20 KW
- MORE THAN 20 KW
- MARKET BY PROPULSION TYPE
- BATTERY ELECTRIC VEHICLE (BEV)
- PLUG-IN HYBRID (PHEV)
- MARKET BY VEHICLE TYPE
- ELECTRIC PASSENGER CAR
- ELECTRIC BUSES
- ELECTRIC VANS
- ELECTRIC MEDIUM DUTY VEHICLES
- ELECTRIC HEAVY DUTY VEHICLES
- ELECTRIC AGRICULTURE TRACTORS
- ELECTRIC CONSTRUCTION EQUIPMENT
- ELECTRIC MINING VEHICLES
- ELECTRIC & HYBRID BOATS/SHIPS
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- BRUSA ELEKTRONIK AG
- EATON
- FICOSA INTERNACIONAL SA
- INNOELECTRIC GMBH
- LEOPOLD KOSTAL
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER
TABLE 2: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY POWER OUTPUT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY POWER OUTPUT, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 4: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PROPULSION TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PROPULSION TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 6: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 8: LIST OF MERGERS & ACQUISITIONS
TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 11: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VALUE CHAIN ANALYSIS
FIGURE 5: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY POWER OUTPUT, IN 2020
FIGURE 6: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY LESS THAN 10 KW, 2021-2026 (IN $ MILLION)
FIGURE 7: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY 10 KW TO 20 KW, 2021-2026 (IN $ MILLION)
FIGURE 8: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY MORE THAN 20 KW, 2021-2026 (IN $ MILLION)
FIGURE 9: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY PROPULSION TYPE, IN 2020
FIGURE 10: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY BATTERY ELECTRIC VEHICLE (BEV), 2021-2026 (IN $ MILLION)
FIGURE 11: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY PLUG-IN HYBRID (PHEV), 2021-2026 (IN $ MILLION)
FIGURE 12: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020
FIGURE 13: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC PASSENGER CAR, 2021-2026 (IN $ MILLION)
FIGURE 14: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC BUSES, 2021-2026 (IN $ MILLION)
FIGURE 15: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC VANS, 2021-2026 (IN $ MILLION)
FIGURE 16: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC MEDIUM DUTY VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 17: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC HEAVY DUTY VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 18: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC AGRICULTURE TRACTORS, 2021-2026 (IN $ MILLION)
FIGURE 19: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC CONSTRUCTION EQUIPMENT, 2021-2026 (IN $ MILLION)
FIGURE 22: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC MINING VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 21: NORWAY ELECTRIC VEHICLE ON-BOARD CHARGER MARKET, BY ELECTRIC & HYBRID BOATS/SHIPS, 2021-2026 (IN $ MILLION)
- MARKET BY POWER OUTPUT
- LESS THAN 10 KW
- 10 KW TO 20 KW
- MORE THAN 20 KW
- MARKET BY PROPULSION TYPE
- BATTERY ELECTRIC VEHICLE (BEV)
- PLUG-IN HYBRID (PHEV)
- MARKET BY VEHICLE TYPE
- ELECTRIC PASSENGER CAR
- ELECTRIC BUSES
- ELECTRIC VANS
- ELECTRIC MEDIUM DUTY VEHICLES
- ELECTRIC HEAVY DUTY VEHICLES
- ELECTRIC AGRICULTURE TRACTORS
- ELECTRIC CONSTRUCTION EQUIPMENT
- ELECTRIC MINING VEHICLES
- ELECTRIC & HYBRID BOATS/SHIPS
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