Electric Vehicle On-Board Charger Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Propulsion Type (Battery Electric Vehicles (BEVs, Plug-In Hybrid Electric Vehicle (PHEVs)), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Charging Power (<=6.6kW, 6.7-11.0kW, 11.1-22.0kW, >22.0kW), By Distribution Channel (OEMs, Aftermarket), By Design
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe size of the electric vehicle on-board charger market globally in 2024 was USD 5.48 billion. The market is expected to grow from USD 6.93 billion in 2025 to USD 22.89 billion in 2032 at a CAGR of 18.6% over the forecast period. Asia Pacific led the global market with a market share of 61.31% in 2024.
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Global Electric Vehicle On-Board Charger market has indicated good growth during the last several years, and it is projected to grow at a high percentage in the years 2023E-2028F. Indeed, the economy has largely been influenced by the development in vehicle engine power propulsion technology from coal-fired motors to gasoline-fired and electric-fired motors. Ultimately, this development has enhanced the operational strengths of the automotive industry, such as increased safety features, connectivity, cost reduction, and customer convenience. The international automotive industry is undergoing dramatic change due to changing consumer behavior and tighter environmental standards. There has been mounting demand for alternate energy to reduce the reliance on fossil fuels to power transportation due to the increased depletion of natural resources, notably fossil fuels. Governments, NGOs, and motor manufacturers reacted to this by inventing alternative fuel vehicles. As a consequence, consumers embraced the
Small-sized and light-weight On-Board Chargers (OBCs) are highly sought after as they can provide superior charging efficiency, a high heat dissipation effect, and a high-power density. In the European continent and in China, most of the automobile companies began to work on the implementation of electric vehicle in the recent past, as the sale of electric vehicles is more in China and in the countries of the European continent. At first, the adoption of electric vehicle in most countries is sluggish because of several reasons like battery capacity per single charge, charging stations, etc. How far an EV can go on a single charge is a huge hindrance to faster EV adoption by customers. This is so because most countries, including India, Brazil, and some European countries, have poor charging infrastructure.
China Association of Automobile Manufacturers states that China sold 26.3 million vehicles in the year 2021. In India the total sales of electric vehicles in the year 2021, was 3,29,190 units. Electric vehicle sales in the US were registered around 608,000 units in the year 2021, which was double of 2020, when the electric vehicle sales were registered at 308,000 units. These were sales of new plug-in electric vehicles, new light-duty plug-in electric vehicle sales, such as all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).
Need for Increased OBC Power Level
To maintain reasonable quick charging times, Electric Vehicle batteries are being constructed with higher capacities. The level-2 chargers used by the first electric vehicles had a peak power of about 3.8 kW. Level-2 OBCs in current automobiles range in power from 6.6 kW to 11 kW. To provide convenient on-board charging and reduce range anxiety, it is therefore economical to install high-power onboard chargers into EVs. In addition, despite the expanding DC fast charging infrastructure, significant effort must be made to get ready for the anticipated demand. Off-board chargers will be expensive to buy and install, and utility suppliers will need to upgrade their distribution systems.
Increasing Adoption of Electric Vehicles
Metal–Oxide Semiconductor Field-Effect Transistor (MOSFET)
Bipolar transistors from earlier generations were used in the vehicle's drivetrain, but they weren't totally trustworthy because the semiconductor surface wasn't passivated. At place of bipolar transistors Metal-oxide semiconductor field-effect transistors (MOSFETs) are used in the vehicle’s drivetrain nowadays, the channel length of (MOSFETs) are constantly decreasing for fabrications. The basic component for creating integrated circuits (ICs), the MOSFET, is mostly utilized for switching and amplification of electrical signals. The dominance of MOSFET technology in digital circuits and system-on-chip (SoC) integrated substrate systems used as gate drivers in various automotive components is due to benefits such simple prototyping, low-cost scalability, and optimum dependability.
Demonstration of Environmental Commitment
Cities may benefit from the increasing use of electric vehicles in numerous ways, including reduction in carbon dioxide which are emitted from gasoline vehicle and air pollution. Alarming temperatures have been documented in nations all over the world because of rapid urbanization and a steep increase in the sales of gasoline-powered cars. Governments, environmental organizations, and automakers are encouraging the development and marketing of electric vehicles to stop the worrisome rise in temperature and pollution levels.
The market for on-board chargers is expected to expand as a result of the OEMs' heavy focus and investment in their research and development activities to satisfy the demands for green vehicles, provide an alternate solution for gasoline-powered vehicles, and save time.
Market Segmentation
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The Global Electric Vehicle On-Board Charger Market is divided on the basis of propulsion type, vehicle type, charging power, distribution channel, design type, product type, by region, and competitional landscape. On the basis of vehicle type, the market is further segmented into commercial vehicles and passenger cars. On the basis of propulsion type, the market is further segmented into Plug-In Hybrid Electric Vehicle (PHEVs), and Battery Electric Vehicles (BEVs). Depending on charging power, the market is segmented into <=6.6kW, 6.7-11.0kW, 11.1-22.0kW, >22.0kW. Depending on distribution channel, the market is segmented into OEMs and Aftermarket. Depending on design type the market is segmented into Unidirectional, and Bidirectional. Depending on product type the market is segmented into without embedded dc/dc converter, and with embedded dc/dc converter. On the basis of geography, the market is segregated into northern & central, western, eastern, and southern segments.
LIST OF KEY COMPANIES PROFILED
Bel Power solution (U.S.)
BRUSA Elektronik AG (Switzerland)
Current Ways Inc. (U.S.)
Eaton Corporation (Ireland)
Infineon Technologies AG (Germany)
Innoelectric GmbH (Germany)
Toyota Industries Corporation (Japan)
BorgWarner Inc. (U.S.)
Valeo SA (France)
HYUNDAI MOBIS (South Korea)
Company Profiles
Meta System S.p.A, Robert Bosch GmbH, BorgWarner Inc, HELLA GmbH & Co. KGaA, Lear Corp., Ficosa Internacional SA, BRUSA Elektronik AG, YAZAKI Corporation, KOSTAL Automobil Elektrik GmbH & Co. KG, Analog Devices, Inc,
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
By Propulsion Type By Vehicle Type By Charging Power By Distribution Channel By Design Type By Product Type By Region |
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Regional Scope |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Country Scope |
United States, Canada, Mexico, Germany, Spain, Russia, France, United Kingdom, Slovakia, Italy, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Brazil, Argentina, Colombia, Saudi Arabia, Turkey, South Africa, Egypt |
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Key Companies Profiled |
Meta System S.p.A, Robert Bosch GmbH, BorgWarner Inc, HELLA GmbH & Co. KGaA, Lear Corp., Ficosa Internacional SA, BRUSA Elektronik AG, YAZAKI Corporation, KOSTAL Automobil Elektrik GmbH & Co. KG, Analog Devices, Inc |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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