PUBLISHER: IMARC | PRODUCT CODE: 1422876
PUBLISHER: IMARC | PRODUCT CODE: 1422876
On-Board Charger Market Report by Power, Vehicle Type, Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle ), Distribution Channel, and Region 2024-2032
Abstract
The global on-board charger market size reached US$ 6.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.4 Billion by 2032, exhibiting a growth rate (CAGR) of 16.76% during 2024-2032. The market is growing rapidly driven by rising electric vehicle (EV) sales, rapid technological advancements, imposition of various government regulations and policies, heightened consumer awareness and preference for sustainability, and increasing expansion of charging infrastructure.
On-Board Charger Market Trends:
The rising electric vehicle (EV) sales
The surge in electric vehicle (EV) sales, fueled by increasing environmental awareness, advancements in EV technology, and a growing recognition of the long-term cost benefits of EVs, is boosting the market growth. Furthermore, governments across the globe are actively promoting EV adoption through subsidies, tax rebates, and investment in charging infrastructure, making EVs more accessible and appealing to a broader audience. This expanding popularity of EVs is facilitating the demand for essential components like on-board chargers, owing to their crucial role in battery management and vehicle operation. Additionally, the push towards reducing global carbon emissions, which has positioned EVs as a key solution, thereby driving more investment and research in the sector, is contributing to the market growth.
Rapid technological advancements
Recent technological advancements in on-board chargers are significantly propelling the market growth. Modern on-board chargers encompass a range of innovations aimed at improving efficiency, reducing charging time, and enhancing user convenience. In line with this, the developments in semiconductor technology, such as the adoption of silicon carbide (SiC) and gallium nitride (GaN), leading to chargers that are more efficient, compact, and capable of handling higher power levels, are positively influencing the market growth. Moreover, the integration of smart charging technology, allowing for better management of charging schedules and power consumption, aligning with the increasing focus on smart grid systems, is favoring the market growth. Furthermore, recent innovations in thermal management systems, contributing to improved safety and longevity of the device, are fueling the market growth.
Imposition of various government regulations and policies
Governments are implementing a variety of measures to promote the adoption of EVs as part of their broader environmental and energy strategies. They include financial incentives, such as tax credits, subsidies, and rebates for EV purchasers, which directly lower the cost barrier for consumers. Additionally, several countries are setting ambitious targets for reducing vehicle emissions and are mandating a shift towards electric mobility, creating a significant push towards EVs. This regulatory environment not only encourages consumers to choose EVs but also compels automotive manufacturers to increase their EV offerings, subsequently driving the demand for on-board chargers. Moreover, governments are investing in EV charging infrastructure, which indirectly supports the on-board charger market by enhancing the overall feasibility and convenience of owning an EV.
Heightened consumer awareness and preferences for sustainability
Modern consumers are more environmentally conscious and are actively seeking ways to reduce their carbon footprint.. Additionally, the easy availability of a wide range of EV models, catering to various budgets and preferences, makes it easier for consumers to find a vehicle that suits their needs. Besides this, ongoing technological advancements are contributing to the evolving social perception of EVs as forward-thinking vehicles. As a result, the heightened consumer awareness about sustainability and eco-friendly transportation options, such as EVs, is simultaneously increasing the demand for their critical components, including on-board chargers.
Increasing expansion of charging infrastructure
The expansion of charging infrastructure is a critical factor driving the on-board charger market. The availability and accessibility of charging stations are crucial in determining the practicality and attractiveness of electric vehicles. Governments and private companies are investing heavily in the development of charging infrastructure, including public charging stations and home charging solutions. It not only alleviates one of the major concerns of EV buyers but also signals a commitment to the long-term viability of electric mobility. This growing network of charging stations, especially fast-charging stations, is directly impacting the on-board charger market, as they are an essential component of the EV charging ecosystem.
On-Board Charger Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on power, vehicle type, propulsion type, and distribution channel.
Breakup by Power:
Less Than 11 kW
11 kW to 22 kW
More Than 22 kW
11 kW to 22 kW accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the power. This includes less than 11 kW, 11 kW to 22 kW, and more than 22 kW. According to the report, 11 kW to 22 kW represented the largest segment.
Breakup by Vehicle Type:
Passenger Car
Buses
Vans
Medium and Heavy Duty Vehicles
Boats
Others
Passenger car holds the largest share in the industry
A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger car, buses, vans, medium and heavy duty vehicles, boats, and others. According to the report, passenger car accounted for the largest market share.
Breakup by Propulsion Type:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Battery electric vehicle (BEV) represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). According to the report, battery electric vehicle (BEV) represented the largest segment.
Breakup by Distribution Channel:
OEMs
Aftermarket
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes OEMs and aftermarket.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest on-board charger market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
Bel Fuse Inc.
BRUSA Elektronik AG
Delta Energy Systems
Ficosa International SA
innolectric AG
KOSTAL Automobil Elektrik GmbH & Co. KG
Robert Bosch GmbH
Semiconductor Components Industries LLC
Stercom Power Solutions GmbH
STMicroelectronics N.V.
Texas Instruments Incorporated
Toyota Industries Corporation
Key Questions Answered in This Report
- 1. How big is the global on-board charger market?
- 2. What is the expected growth rate of the global on-board charger market during 2024-2032?
- 3. What are the key factors driving the global on-board charger market?
- 4. What has been the impact of COVID-19 on the global on-board charger market?
- 5. What is the breakup of the global on-board charger market based on the power?
- 6. What is the breakup of the global on-board charger market based on the vehicle type?
- 7. What is the breakup of the global on-board charger market based on the propulsion type?
- 8. What are the key regions in the global on-board charger market?
- 9. Who are the key players/companies in the global on-board charger market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global On-Board Charger Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Power
- 6.1 Less Than 11 kW
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 11 kW to 22 kW
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 More Than 22 kW
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Passenger Car
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Buses
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Vans
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Medium and Heavy Duty Vehicles
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Boats
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Propulsion Type
- 8.1 Battery Electric Vehicle (BEV)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Plug-in Hybrid Electric Vehicle (PHEV)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 OEMs
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aftermarket
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
- 11.1 Overview
- 11.2 Drivers
- 11.3 Restraints
- 11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Bel Fuse Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 BRUSA Elektronik AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Delta Energy Systems
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Ficosa International SA
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 innolectric AG
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 KOSTAL Automobil Elektrik GmbH & Co. KG
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Robert Bosch GmbH
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 SWOT Analysis
- 15.3.8 Semiconductor Components Industries LLC
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Stercom Power Solutions GmbH
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 STMicroelectronics N.V
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Texas Instruments Incorporated
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Toyota Industries Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.1 Bel Fuse Inc.
List of Figures
- Figure 1: Global: On-Board Charger Market: Major Drivers and Challenges
- Figure 2: Global: On-Board Charger Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: On-Board Charger Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: On-Board Charger Market: Breakup by Power (in %), 2023
- Figure 5: Global: On-Board Charger Market: Breakup by Vehicle Type (in %), 2023
- Figure 6: Global: On-Board Charger Market: Breakup by Propulsion Type (in %), 2023
- Figure 7: Global: On-Board Charger Market: Breakup by Distribution Channel (in %), 2023
- Figure 8: Global: On-Board Charger Market: Breakup by Region (in %), 2023
- Figure 9: Global: On-Board Charger (Less Than 11 kW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: On-Board Charger (Less Than 11 kW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: On-Board Charger (11 kW to 22 kW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: On-Board Charger (11 kW to 22 kW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: On-Board Charger (More Than 22 kW) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: On-Board Charger (More Than 22 kW) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: On-Board Charger (Passenger Car) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: On-Board Charger (Passenger Car) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: On-Board Charger (Buses) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: On-Board Charger (Buses) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: On-Board Charger (Vans) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: On-Board Charger (Vans) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: On-Board Charger (Medium and Heavy Duty Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: On-Board Charger (Medium and Heavy Duty Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: On-Board Charger (Boats) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: On-Board Charger (Boats) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: On-Board Charger (Other Vehicle Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: On-Board Charger (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: On-Board Charger (Battery Electric Vehicle (BEV)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: On-Board Charger (Battery Electric Vehicle (BEV)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: On-Board Charger (Plug-in Hybrid Electric Vehicle (PHEV)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: On-Board Charger (Plug-in Hybrid Electric Vehicle (PHEV)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: On-Board Charger (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: On-Board Charger (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: On-Board Charger (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: On-Board Charger (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: North America: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: North America: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: United States: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: United States: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Canada: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Canada: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Asia-Pacific: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Asia-Pacific: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: China: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: China: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Japan: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Japan: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: India: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: India: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: South Korea: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: South Korea: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Australia: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Australia: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Indonesia: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Indonesia: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Europe: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Europe: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Germany: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Germany: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: France: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: France: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: United Kingdom: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: United Kingdom: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Italy: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Italy: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Spain: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Spain: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Russia: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Russia: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Others: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Others: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Latin America: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Latin America: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Brazil: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Brazil: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Mexico: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Mexico: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Others: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Others: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Middle East and Africa: On-Board Charger Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Middle East and Africa: On-Board Charger Market: Breakup by Country (in %), 2023
- Figure 83: Middle East and Africa: On-Board Charger Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Global: On-Board Charger Industry: Drivers, Restraints, and Opportunities
- Figure 85: Global: On-Board Charger Industry: Value Chain Analysis
- Figure 86: Global: On-Board Charger Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: On-Board Charger Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: On-Board Charger Market Forecast: Breakup by Power (in Million US$), 2024-2032
- Table 3: Global: On-Board Charger Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 4: Global: On-Board Charger Market Forecast: Breakup by Propulsion Type (in Million US$), 2024-2032
- Table 5: Global: On-Board Charger Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 6: Global: On-Board Charger Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: On-Board Charger Market: Competitive Structure
- Table 8: Global: On-Board Charger Market: Key Players
