On-Board Charger Global Market Report 2025

An on-board charger (OBC) is a device or energy supply system designed for electric vehicles (EVs) or hybrid electric vehicles (HEVs) to charge their traction batteries. The primary function of the on-board charger is to facilitate the transfer and management of electricity from the power grid to the vehicle's battery. This allows the battery to be recharged from AC mains at home or from outlets at private or public charging stations, providing a constant current or voltage during the charging process.

The main power outputs of on-board chargers are categorized as below 7.2 kW, 7.2 kW-15 kW, and above 15 kW. On-board chargers with outputs below 7.2 kW are capable of being directly plugged into a car through a wall socket. These chargers are distributed through original equipment manufacturers (OEMs) and aftermarket sales channels, catering to both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.

The on-board charger market research report is one of a series of new reports from The Business Research Company that provides on-board charger market statistics, including on-board chargers industry global market size, regional shares, competitors with an on-board charger market share, detailed on-board charger market segments, market trends and opportunities, and any further data you may need to thrive in the on-board chargers industry. This on-board charger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The on-board charger market size has grown rapidly in recent years. It will grow from $5.05 billion in 2024 to $5.87 billion in 2025 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to government incentives, electric vehicle (ev) adoption, emission reduction goals, cost reduction, government incentives.

The on-board charger market size is expected to see rapid growth in the next few years. It will grow to $11.27 billion in 2029 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to consumer demand, sustainable practices, automotive industry, faster charging, electric vehicle (ev) fleets. Major trends in the forecast period include high-power charging stations, ev charging infrastructure, technological advancements, battery technology, vehicle-to-grid (v2g).

The forecast of 17.7% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through supply chain disruptions for Electric Vehicles(EV) power converters, largely imported from Germany and China, potentially delaying electric vehicle production and increasing charging system costs. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growth of the on-board charger market is anticipated to be propelled by the increasing demand for electric vehicles. Despite the economic repercussions of COVID-19 affecting the demand for traditional petrol and diesel cars, there has been a notable surge in demand for electric vehicles (EVs). Global efforts to combat climate change and achieve net-zero emissions have led to a significant shift towards emissions-free transportation. This transition to EVs and hybrid vehicles not only aids in reducing fuel costs but also contributes to changing consumption patterns from petroleum products to locally produced electric power. For example, the Edison Electric Institute (EEI) reported in June 2022 that the projected number of electric vehicles on U.S. roads is expected to rise from 2.4 million in 2021 to 26.4 million by 2030, with annual EV sales estimated to reach nearly 5.6 million in 2030, constituting around 32% of total annual light-duty vehicle sales. Hence, the increasing demand for electric vehicles is poised to drive the on-board charger market during the forecast period.

The on-board charger market is also anticipated to experience growth due to the rising investment in charging infrastructure. Charging infrastructure, encompassing charging stations and equipment for recharging electric vehicles, plays a critical role in boosting consumer confidence and promoting the adoption of electric vehicles. The National Renewable Energy Laboratory (NREL) reported in June 2023 that a projected capital investment of $53-127 billion by 2030 will support 33 million plug-in electric vehicles (PEVs), with substantial funds allocated for accessible Level 1 and Level 2 charging ports. As the investment in charging infrastructure continues to rise, it is expected to fuel the growth of the on-board charger market.

Major companies in the onboard charger market are concentrating on developing technologically advanced solutions, such as onboard battery chargers, to improve charging efficiency, minimize charging times, and meet the rising demand for electric vehicles (EVs). An onboard battery charger is a device integrated into an electric or hybrid vehicle that enables the vehicle's battery to be charged from an external power source, such as a wall outlet or charging station. For example, in October 2022, Zivan Srl, an Italy-based electronics manufacturer, introduced the CT3.3, an advanced onboard charger for electric vehicles, at Bauma 2022 in Munich. This state-of-the-art charger features a robust design suitable for various mobile applications, a water-cooling system for improved performance, and high power density for compactness without sacrificing output. Additionally, it includes an optional integrated DC-DC converter and input over-voltage protection for safety. The CT3.3 can be configured to provide charging power options of 3.3 kW, 6.6 kW, or 9.9 kW, making it a flexible solution for contemporary electric mobility requirements.

Major companies in the on-board charger market are focusing on product innovation, introducing high-tech 20 kW chargers to stay competitive and enhance their product offerings. Coulomb Solutions Inc. (CSI), for example, unveiled a cutting-edge 20 kW on-board charger designed for commercial electric vehicles. This innovative charger offers full power output with single-phase input, providing a cost-effective solution with reduced high-voltage cabling and minimized overall footprint and weight. The development of such advanced electrical components contributes to the ongoing growth of the on-board charger market.

In June 2022, LG Electronics Inc. acquired AppleMango Co. Ltd., a move aimed at bolstering LG's business portfolio within its automotive division and establishing a manufacturing facility for electric vehicle chargers. AppleMango Co. Ltd. is a South Korea-based electric vehicle charger manufacturer, and the acquisition aligns with LG's strategic focus on expanding its presence in the electric vehicle charging market.

Major companies operating in the on-board charger market include Delta Energy Systems Corp., Toyota Motor Corporation, Eaton Corporation, STMicroelectronics NV, Stercom Power Solutions GmbH, BorgWarner Inc., Ficosa Corporation, LG Electronics Ltd., BYD Co. Ltd., Tesla Corp., AVID Technology Limited, Bel Fuse Inc., BRUSA Elektronik AG, Siemens AG, Innolectric AG, Current Ways, Yazaki Corporation, Aptiv Global Operations Limited, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, Infineon Technologies AG, Xepics Italia SRL, Hangzhou Aodi Electronic Control Co. Ltd., Meta Systems S.p.A., Leopold Kostal GmbH Co., Dilong Technology Co. Ltd., ClipperCreek Inc., Schneider Electric SE, Signet Systems Inc., Tritium Pty Ltd.

Asia-Pacific was the largest region in the on-board charger market in 2024. The regions covered in the on-board charger market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the on-board charger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The on-board charger market consists of sales of one-phase, two-phase, and three-phase on-board chargers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

On-Board Charger Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on on-board charger market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for on-board charger ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The on-board charger market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Power Output: Below 7.2 kW; 7.2 kW-15 kW; Above 15 kW
• 2) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
• 3) By Vehicle Type: Battery Electric Vehicle (BEV); Plug-in Hybrid Electric Vehicle (PHEV)
• Subsegments:
• 1) By Below 7.2 kW: AC Chargers For Low-Power EVs; Level 1 Chargers (120V)
• 2) By 7.2 kW-15 kW: AC Chargers For Mid-Range EVs; Level 2 Chargers (240V)
• 3) By Above 15 kW: High-Power Chargers For Larger EVs; Level 3 Chargers (DC Fast Charging Capable)
• Companies Mentioned:Delta Energy Systems Corp.; Toyota Motor Corporation; Eaton Corporation; STMicroelectronics NV; Stercom Power Solutions GmbH; BorgWarner Inc.; Ficosa Corporation; LG Electronics Ltd.; BYD Co. Ltd.; Tesla Corp.; AVID Technology Limited; Bel Fuse Inc.; BRUSA Elektronik AG; Siemens AG; Innolectric AG; Current Ways; Yazaki Corporation; Aptiv Global Operations Limited; Hyundai Mobis Co. Ltd.; Mitsubishi Electric Corporation; Infineon Technologies AG; Xepics Italia SRL; Hangzhou Aodi Electronic Control Co. Ltd.; Meta Systems S.p.A.; Leopold Kostal GmbH Co.; Dilong Technology Co. Ltd.; ClipperCreek Inc.; Schneider Electric SE; Signet Systems Inc.; Tritium Pty Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.