PUBLISHER: QYResearch | PRODUCT CODE: 1862288
PUBLISHER: QYResearch | PRODUCT CODE: 1862288
The global market for On-Board Charger was estimated to be worth US$ 5060 million in 2024 and is forecast to a readjusted size of US$ 17747 million by 2031 with a CAGR of 17.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on On-Board Charger cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global on-board charger production reached approximately 18.2 million units, with an average global market price of around US$278 per unit.
An on-board charger (OBC) is an essential component of electric vehicles (EVs). It is responsible for converting alternating current (AC) from external charging stations into direct current (DC) that can be stored in the vehicle's battery pack. The OBC is installed within the vehicle and manages the entire charging process, including voltage and current control, battery monitoring, and safety functions. Its performance affects the speed, efficiency, and safety of the charging experience. On-board chargers typically support various power levels and are designed to be compatible with global charging standards.
The market for on-board chargers is closely tied to the global growth of electric mobility, particularly the rising adoption of electric vehicles and plug-in hybrids. As governments push for carbon neutrality and enforce stricter emissions regulations, the shift from internal combustion engine vehicles to electric alternatives has accelerated. This trend is driving demand for more efficient, compact, and reliable on-board chargers capable of supporting faster charging times and higher battery capacities.
Technological advancements are playing a key role in shaping the on-board charger market. Manufacturers are focusing on increasing power density, reducing weight, and improving thermal management to enhance charging performance without compromising space or safety within the vehicle. There is also growing interest in bidirectional charging, which allows vehicles to not only draw energy from the grid but also return it, contributing to vehicle-to-grid (V2G) applications.
Regionally, Asia-Pacific leads the global market due to strong EV manufacturing activity in countries like China, Japan, and South Korea. Europe and North America are also significant markets, driven by supportive policies, infrastructure development, and increasing consumer acceptance of EVs. As vehicle electrification becomes mainstream, the demand for versatile and high-efficiency on-board chargers will continue to grow. Suppliers are investing in research and development to meet future standards for safety, interoperability, and energy efficiency, ensuring that OBCs remain a vital component in the evolving electric vehicle ecosystem.
This report aims to provide a comprehensive presentation of the global market for On-Board Charger, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of On-Board Charger by region & country, by Type, and by Application.
The On-Board Charger market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding On-Board Charger.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of On-Board Charger manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of On-Board Charger in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of On-Board Charger in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.