Industry Overview
The Global Onboard Charger Market was valued at USD 1.4 billion in 2023 and is expected to reach USD 4.4 billion by 2030, growing at a CAGR of 17.2% during 2025-2030. The global onboard charger market is growing at a remarkable rate with the rise in electric vehicles on the road. Further, with the growing adoption of electric vehicles globally, the number of onboard chargers is also growing at a large scale. The concern related to running out of charge and getting stuck are some of the factors driving the onboard charger penetration.
%20Market.jpeg)
The onboard chargers are used by different electric vehicles (including BEV and PHEV) to charge the traction battery. Such chargers convert the AC input from the grid to a DC input which charges the vehicle battery.
On-Board Charger (OBC) Market Segmentation
Insight by Propulsion Type
Based on propulsion type, the market is bifurcated into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). Among these propulsion types, the battery-electric vehicle segment captured a larger market share in 2020. However, the plug-in hybrid electric vehicle is rapidly expanding its market in developed countries and is expected to grow at a faster rate during the forecast period.
Insight by Power Output
Based on power output, the market is subdivided into less than 10 KW, 10 KW–20 KW, and more than 20 KW Market. Among these, less than 10 KW charger type accounted for the foremost share in 2022 with the most preferred charging output in China and Europe where the density of electric vehicles is largest in the current phase.
Global On-Board Charger (OBC) Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2023
|
U.S.D. 1.4 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 4.4 Billion
|
|
Growth Rate
|
17.2%
|
|
Segments Covered in the Report
|
By Propulsion Type and By Power Output
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America, Europe, Asia-Pacific, Middle East and Rest of the World
|
Industry Dynamics
On-Board Charger (OBC) Market Industry Trends
One of the key trends in the onboard charger market is a gradual shift towards bi-directional charging or vehicle-to-grid (V2G) charging models. This technology enables the electric energy to be pushed back to the grid from the battery of an electric vehicle and will as a result help in energy saving.
On-Board Charger (OBC) Market Growth Drivers
A major success factor for the on-board charger market is its high efficiency with a high power density for a small form factor. Further, another significant reason behind the success of on-board chargers is stringent government regulations supporting electric vehicle adoption. All these factors will impact the on-board charger progression in the market soon.
On-Board Charger (OBC) Market Challenges
The availability of other charging types supporting electric vehicle charging at low prices is a challenge for this market. Whereas, increasing deployment of fast chargers at different public places such as highways, malls, logistics plants, etc. are factors obstructing the on-board charger market.
On-Board Charger (OBC) Market Geographic Overview
Geographically, APAC, mainly China is the largest on-board charger market with the largest number of electric vehicle production. It is expected that China will lead in the number of electric vehicle production and sales, as a result, there will be growth in demand for on-board chargers as well.
Further, Europe holds the second-largest position in on-board charger sales, due to the growing electric vehicle adoption, and the increasing deployment of connected cars. In addition, North America will be the fastest-growing region deploying the electric vehicle during the forecast period, this as a result is also creating a positive impact on the onboard charger market growth.
On-Board Charger (OBC) Market Competitive Insight
The on-board charger market is very much fragmented with a large number of small and large size players operating in the market. The regional players have a main focus in the domestic region only, however, the global players are expanding their footprint globally. Further, new product development and global expansion are the key strategies adopted by the market players. For instance, in March 2019, Tesla Inc., one of the market's largest players, launched a Supercharger called V3 at its California plant.
Infineon Technologies AG is Germany's largest semiconductor manufacturer. Infineon is one of the ten largest semiconductor manufacturers worldwide.
Delta-Q Technologies designs, manufactures and tests robust battery chargers that improve the performance of electric drive vehicles and industrial machines. The company has announced its mid-power charger, the XV3300, which is in full-scale production. With its 3-in-1 design, this charging system integrates a 3.3 kW battery charger, a 500W DC-DC converter to power auxiliary loads and an EV charging station interface.
Recent Developments by Key Players
Infineon and VMAX Intensify Collaboration to Improve EV Fast Charging. VMAX has selected Infineon's new CoolSiC hybrid discrete for its next-generation 6.6 kW OBC/DCDC on-board chargers.
Delta-Q collaborated with A&K Robotics’ autonomous mobility pods to provide its battery chargers. This partnership shall help advance sustainable urban mobility initiatives across British Columbia. The fully autonomous, compact robots feature 360º and 3D sensing systems.
Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising consumers are conducted to understand consumer behavior.
The On-Board Charger (OBC) Market report offers a comprehensive market segmentation analysis and estimates for the forecast period 2025–2030.
Segments Covered in the Report
- Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Power Output
- Less than 10 KW
- 10 KW–20 KW
- More than 20 KW
Geographical Segmentation
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "On-Board Charger Market Size")
Source: VynZ Research
Source: VynZ Research
