On-Board Charger Market by Power Output, Propulsion Type, Charger Type, Vehicle Type, End User, Distribution Channel

List of Tables

The On-Board Charger Market was valued at USD 5.22 billion in 2023, expected to reach USD 5.72 billion in 2024, and is projected to grow at a CAGR of 10.00%, to USD 10.19 billion by 2030.

An On-Board Charger (OBC) is an integral component in electric vehicles (EVs), facilitating the conversion of alternating current (AC) from the power grid to direct current (DC) to charge the vehicle's battery. The necessity of OBCs stems from the growing adoption of EVs as a sustainable transportation solution amid escalating environmental concerns and government regulations targeting emission reductions. OBCs are applied in various types of EVs such as Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Extended-Range Electric Vehicles (EREVs), each necessitating specific charging requirements based on battery capacity and vehicle architecture. The end-use scope broadly includes passenger and commercial vehicles, with an increasing inclination towards high-powered, efficient chargers to reduce charging time and improve vehicle performance. Key growth factors influencing the market include the accelerating shift towards electric mobility, technological advancements in charging infrastructure, and substantial investments in EV research and development. Emerging opportunities are evident in the development of high-efficiency, bidirectional chargers capable of not only charging the vehicle but also feeding energy back into the grid or home, a feature known as vehicle-to-grid (V2G) capability. To leverage these opportunities, companies must focus on enhancing charger efficiency, reducing size and weight, and embracing interoperability with various EV models. Challenging factors comprise high production costs, technological complexities in developing universal charging solutions, and regional disparities in charging infrastructure evolution. Market growth is also hindered by battery-related issues such as limited range and long charging times, emphasizing innovation in battery technology as a pivotal research area. Businesses can tap into areas such as solid-state batteries and wireless charging technology, which promise to revolutionize OBCs by offering more efficient charging solutions. The nature of the market is highly dynamic and competitive, urging companies to deploy robust research and development strategies to differentiate their offerings and align with rapid technological advancements in the EV ecosystem.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.22 billion
Estimated Year [2024]	USD 5.72 billion
Forecast Year [2030]	USD 10.19 billion
CAGR (%)	10.00%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving On-Board Charger Market

The On-Board Charger Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing sales of electric vehicle globally
- Rising establishment of electric vehicle charging infrastructure
Market Restraints
- Conercn associated with longer charging period
Market Opportunities
- Advancement in onboard charger for high-voltage electric vehicle powertrains
- Rising integration with smart grid systems for improved energy efficiency
Market Challenges
- Design limitation associated with on-board charger

Porter's Five Forces: A Strategic Tool for Navigating the On-Board Charger Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the On-Board Charger Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the On-Board Charger Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the On-Board Charger Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the On-Board Charger Market

A detailed market share analysis in the On-Board Charger Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the On-Board Charger Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the On-Board Charger Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the On-Board Charger Market

A strategic analysis of the On-Board Charger Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the On-Board Charger Market, highlighting leading vendors and their innovative profiles. These include Aptiv Global Operations Limited, Avnet, Inc., Bel Fuse Inc., BorgWarner Inc., BRUSA HyPower AG, Eaton Corporation PLC, EDN SRL by MTA S.p.A., Electrodrive Powertrain Solutions Pvt Ltd., Embitel Technologies Pvt. Ltd., Ficosa Corporation, Hyundai Mobis Co., Ltd., Infineon Technologies AG, KOSTAL Automobil Elektrik GmbH & Co. KG, LG Electronics Ltd., Mitsubishi Electric Corporation, Power Integrations, Inc., Semiconductor Components Industries, LLC, Stercom Power Solutions GmbH, STMicroelectonics N.V., TOYOTA INDUSTRIES CORPORATION, Valeo SA, VisIC Technologies, Ltd, and WOLFSPEED, INC..

Market Segmentation & Coverage

This research report categorizes the On-Board Charger Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Power Output, market is studied across Single-phase On-Board Charger (7.2 kW to 11 kW) and Three-phase On-Board Charger (22 kW).
Based on Propulsion Type, market is studied across Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle.
Based on Charger Type, market is studied across AC On-Board Charger and DC On-Board Charger.
Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Car.
Based on End User, market is studied across Commercial and Residential.
Based on Distribution Channel, market is studied across Aftermarket and Original Equipment Manufacturer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-007C484E5E5E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing sales of electric vehicle globally
  - 5.1.1.2. Rising establishment of electric vehicle charging infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. Conercn associated with longer charging period
- 5.1.3. Opportunities
  - 5.1.3.1. Advancement in onboard charger for high-voltage electric vehicle powertrains
  - 5.1.3.2. Rising integration with smart grid systems for improved energy efficiency
- 5.1.4. Challenges
  - 5.1.4.1. Design limitation associated with on-board charger
5.2. Market Segmentation Analysis
- 5.2.1. Power Output: Exploring the evolving three-phase on-board chargers and the push for smarter solutions
- 5.2.2. End User: Growing demand in on-board chargers in commercial settings for seamless electric vehicle charging solutions
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. On-Board Charger Market, by Power Output

6.1. Introduction
6.2. Single-phase On-Board Charger (7.2 kW to 11 kW)
6.3. Three-phase On-Board Charger (22 kW)

7. On-Board Charger Market, by Propulsion Type

7.1. Introduction
7.2. Battery Electric Vehicle
7.3. Plug-in Hybrid Electric Vehicle

8. On-Board Charger Market, by Charger Type

8.1. Introduction
8.2. AC On-Board Charger
8.3. DC On-Board Charger

9. On-Board Charger Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicle
9.3. Passenger Car

10. On-Board Charger Market, by End User

10.1. Introduction
10.2. Commercial
10.3. Residential

11. On-Board Charger Market, by Distribution Channel

11.1. Introduction
11.2. Aftermarket
11.3. Original Equipment Manufacturer

12. Americas On-Board Charger Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific On-Board Charger Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa On-Board Charger Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Coulomb Solutions Inc. launches industry-first 40 kW On-Board Charger and EVSE Combo
- 15.3.2. Texas Instruments and Delta Electronics collaborate to enhance EV Onboard Charging Solutions
- 15.3.3. Delta launches 500kW Ultra-Fast DC Charger for public and heavy-duty EV applications
- 15.3.4. Danfoss introduces innovative products to enhance electrification in on- and off-highway applications
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aptiv Global Operations Limited
2. Avnet, Inc.
3. Bel Fuse Inc.
4. BorgWarner Inc.
5. BRUSA HyPower AG
6. Eaton Corporation PLC
7. EDN SRL by MTA S.p.A.
8. Electrodrive Powertrain Solutions Pvt Ltd.
9. Embitel Technologies Pvt. Ltd.
10. Ficosa Corporation
11. Hyundai Mobis Co., Ltd.
12. Infineon Technologies AG
13. KOSTAL Automobil Elektrik GmbH & Co. KG
14. LG Electronics Ltd.
15. Mitsubishi Electric Corporation
16. Power Integrations, Inc.
17. Semiconductor Components Industries, LLC
18. Stercom Power Solutions GmbH
19. STMicroelectonics N.V.
20. TOYOTA INDUSTRIES CORPORATION
21. Valeo SA
22. VisIC Technologies, Ltd
23. WOLFSPEED, INC.