Market Insights and Analysis: Global On-Board Charger Market Overview and Projections (2024-2030)

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.

Top leading companies in the Global On-Board Charger Market includes:

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.

Global On-Board Charger Market Driver:

Rising Adoption of EVs Driving Growth & Expansion – With the growing awareness about environmental issues more and more people are shifting to EVs as it is cost-efficient, we have seen an increased demand in the sector all over the globe. Governments around the world are working on multiple ways to boost the adoption of electric vehicles. Multiple levels of OBCs are being developed to support the growth of EVs in the market. Its, high usage specifically in the transport and passenger vehicle industry is augmenting the size & volume of the on-board charger industry. The applications of OBCs have gone way beyond passenger cars as the adoption of EVs has already expanded up to commercial vehicles, two-wheelers, and public transport and all of them require on-board chargers to function thus boosting the revenue growth of the market.

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Report Segmentation:

The market is categorized into the following segments in the report:

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

-Passenger Vehicles

-Commercial Vehicle

By End-User

-OEMs

-Aftermarket.

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Global On-Board Charger Market Geographic Reach:

The Geographic Reach of the Global On-Board Charger Market evaluates the spread and significance of Global On-Board Charger market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         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.

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