Global On-Board Charger Market Research Report: Forecast (2024-2030)

On-Board Charger Market - By Propulsion Type (Battery Electric Vehicle [BEV], Plug-in Hybrid Electric Vehicle [PHEV], By Power Output (Less than 10 KW, 10 KW–20 KW, More than 20 KW), By Vehicle Type (... ... KW), By Vehicle Type (Passenger Cars, Commercial Vehicle), By End-User (OEMs, Aftermarket), and others Read more

  • Automotive
  • Aug 2024
  • 197
  • PDF, Excel, PPT

Market Definition

The On-Board Charger (OBC) is an essential component in the EV that converts alternating current into direct current from a power source so that it can help in charging the battery pack of the vehicle.  To support electric mobility, it is experiencing substantial growth to address environmental concerns and regulatory pressures by governments all around the world. This could entirely change the future outlook of the industry and help in the growth of the whole EV sector altogether.

Market Insights & Analysis: Global On-Board Charger Market (2024-30):

The Global On-Board Charger Market size is valued at around USD 6.2 billion in 2024 and is estimated to grow at a CAGR of around 16.5% during the forecast period, i.e., 2024-30. Multiple market factors are driving the market such as the increased use of EVs at a very significant growth rate supported by advancement in technology as multiple levels of on-board chargers (Level 1, Level2, Level 3, or the DC fast charger) are being introduced to provide fast charging resolution as per requirement. Other factors that help in driving the industry include government policies supporting the growth of EVs to promote clean energy and reduce the greenhouse effects in addition to safe the depletion of nonrenewable natural resources. Global investments are being made on a mass level to support the industry with R&D and innovations.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 16.5%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy
Asia-Pacific: China, India, Japan
South America: Brazil, Others
Middle East & Africa: GCC, South Africa
Key Companies Profiled BRUSA Elektronik AG, Current Ways Inc., Bel Power solution, Innoelectric GmbH, Toyota Industries Corporation, Stercom Power Solutions GmbH, Eaton, Delphi Technologies, Xepics Italia SRL, Infineon Technologies AG, AVID Technology Limited, Hangzhou Aodi Electronic Control Co., Ltd., STMICROELECTRONICS, Ficosa Internacional SA. and others
Market Value (2024) USD 6.2 Billion

 

Moreover, with the innovations and demand in the market, various opportunities can be grabbed by the market players to generate profit and cater effective and efficient OBC products to customers. These include smart tech integration with IoT devices and AI, vehicle-to-grid (V2G) services, etc. Companies can go for the innovations to grab various other opportunities like providing ultra-fast charging solutions, wireless charging technology, and developments in the integration of natural resources like solar and wind energy for charging. Companies are also working on enhanced efficiency and power density that result in lower charging losses and thus increase the overall performance of OBCs. Companies are going for mergers & collaborations in the development of more innovative technologies.

Furthermore, various challenges are being faced by the industry that cause hindrances in its growth and expansion. Major problems occur when customers are concerned about range anxiety specifically at places where there is a scarcity of charging stations. This may drastically reduce the sales.  The technology is also quite expensive which ultimately leads to the increasing cost of the vehicle, which could be a burden in the future as the products could not be able to cater to the underdeveloped regions. Moreover, issues of standardization and compatibility affect a lot as there is no common charging standard yet. Globally there are many types of OBCs used with more innovations yet to come and that could cause serious compatibility issues. Other major issues are regulatory & compliance issues because rules & regulations vary from region to region. Multiple regulations create entry barriers and compliance with them increases the operational cost, particularly for the companies operating in multiple markets.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on On-Board Charger Market
  4. Global On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
        1. Battery Electric Vehicle [BEV]
        2. Plug-in Hybrid Electric Vehicle [PHEV]
      2. By Power Output
        1. Less than 10 KW
        2. 10 KW–20 KW
        3. More than 20 KW
      3. By Vehicle Type
        1. Passenger Vehicles
        2. Commercial Vehicle
      4. By End-User
        1. OEMs
        2. Aftermarket
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia-Pacific
        5. Middle East & Africa
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  5. North America On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
      4. By Country
        1. US
        2. Mexico
        3. Canada
    3. The US On-Board Charger Market Outlook 2019-2030F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units Sold
      2. Market Share & Analysis
        1. By Propulsion Type
        2. By Power Output
        3. By Vehicle Type
    4. Canada On-Board Charger Market Outlook 2019-2030F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units Sold
      2. Market Share & Analysis
        1. By Propulsion Type
        2. By Power Output
        3. By Vehicle Type
    5. Mexico On-Board Charger Market Outlook 2019-2030F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units Sold
      2. Market Share & Analysis
        1. By Propulsion Type
        2. By Power Output
        3. By Vehicle Type
  6. South America On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
      4. By Country
        1. Brazil
        2. Others
  7. Brazil On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  8. Europe On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
      4. By Country
        1. Germany
        2. France
        3. UK
        4. Italy
        5. Spain
  9. Germany On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  10. France On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  11. The UK On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  12. Italy On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  13. Spain On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  14. Asia-Pacific On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
    3. By Country
      1. China
      2. India
      3. Japan
  15. China On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  16. India On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  17. Japan On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  18. Middle East & Africa On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
  19. Market Share & Analysis
    1. By Propulsion Type
    2. By Power Output
    3. By Vehicle Type
    4. By Country
      1. GCC
      2. South Africa
  20. GCC On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  21. South Africa On-Board Charger Market Outlook 2019-2030F
    1. Market Size & Analysis
      1. By Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Propulsion Type
      2. By Power Output
      3. By Vehicle Type
  22. Global On-Board Charger Market Policies and Regulations   
  23. Global On-Board Charger Market Trends & Insights
  24. Global On-Board Charger Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  25. Global On-Board Charger Market Hotspot and Opportunities
  26. Global On-Board Charger Market Key Strategic Imperatives for Success and Growth
  27. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. BRUSA Elektronik AG
      2. Current Ways Inc.
      3. Bel Power solution
      4. Innoelectric GmbH
      5. Toyota Industries Corporation
      6. Stercom Power Solutions GmbH
      7.  Eaton
      8. Delphi Technologies
      9. Xepics Italia SRL
      10.  Infineon Technologies AG
      11. AVID Technology Limited
      12. Hangzhou Aodi Electronic Control Co., Ltd.
      13. STMICROELECTRONICS
      14. Ficosa Internacional SA.
  28.  Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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