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Global Electric Vehicle on Board Charger Market Share, Size, Analysis, Forecast: By Propulsion Type: BEV, PHEV, HEV; By Power Output: Less than 20kW, More than 20kW; By Vehicle Type: Passenger Car, Commercial Vehicle; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Electric Vehicle on Board Charger Market Outlook
The global electric vehicle on board charger market would likely grow at a CAGR of 18.4% during 2024-2032. On-board charging is an essential aspect of electric vehicles; it enables more flexibility to charge vehicles from readily available power points. Designers are engaged in designing OBCs that are small, lightweight and more efficient. Asia, North America and Europe are likely to be key markets.
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Global Market Likely to be Driven by Growing Adoption of Electric Vehicles and Stringent Environmental Regulations
On-board charger (OBC) converts ac power from an ac source into dc form. Generally installed within the vehicle, its key function is conversion of power. On-board chargers offer the advantage of charging the electric vehicle through the power outlet at home. Further, it does away with the need to acquire additional equipment for power conversion. There are two main types of on-board chargers - Single phase On-board Charger and Three phase On-board Charger.
An important function of OBC is that it regulates current and voltage levels at which the battery is charged. There are two main types of charging - constant voltage and constant current. While constant current charging offers high efficiency and better charging speed, it is likely to affect battery lifespan due to over-charging. On the other hand, constant voltage charging may initially lead to a higher amount of current flow into the battery. The problem may be resolved by initially employing constant current charging, and upon reaching a given amplitude, using constant voltage charging. This charging approach is a vital role of an on-board charger.
The global electric vehicle on board charger is likely to be driven by increasing adoption and sales of electric vehicles, stringent pollution laws, advancements in battery technology, and improvements in charging infrastructure. There has been growing adoption of electric passenger vehicles in developed economies; fresh start-ups and key players in the EV domain seek to introduce newer electric models in the next few years.
Leading Companies are Engaged in Developing Superior Solutions and Establishing Charging Stations
Companies like Electra EV are engaged in developing OBCs that help electric mobility applications exceed end-user expectations. Major players in the market include Hyundai Mobis Co., Ltd., Eaton Corporation plc, Mitsubishi Electric Corporation, Infineon Technologies AG, Ficosa Internacional SA, and others. Several companies like Tesla, EVgo, charge point and others are engaged in establishing charging stations across USA. Nations like the Netherlands seek to do away with petrol engine by 2035; with such efforts, EVs are expected to replace internal combustion engines, and a far greater number of EV charging stations are likely to be set up. Such developments are expected to boost the global electric vehicle on board charger market.
Studies are Being Conducted to Develop Efficient and Light-weight Solutions
Significant research is being conducted to develop more efficient and light-weight on-board chargers. Development can enable advances in the electric vehicle industry; several developing and developed nations are emphasizing green mobility plans that entail keeping out diesel vehicles and incentivising electric vehicle purchase. For example, India aims to forbid all diesel-powered vehicles off roadways by 2030. Such efforts are likely to drive the global electric vehicle on board charger market.
Market Segmentation
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By propulsion type, the market is segmented into:
- BEV
- PHEV
- HEV
By power output, the market is classified into:
- Less than 20kW
- More than 20kW
By vehicle type, the market is divided into:
- Passenger Car
- Commercial Vehicle
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global electric vehicle on board charger market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Aptiv Global Operations Limited
- Borgwarner Inc.
- Hyundai Mobis Co., Ltd
- Eaton Corporation plc
- Mitsubishi Electric Corporation
- Infineon Technologies AG
- Ficosa Internacional SA -
- LG Magna e-Powertrain Co., Ltd
- Current Ways, Inc.
- Xepics ItaliaSRL
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Propulsion Type |
|
| Breakup by Power Output |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Electric Vehicle on Board Charger Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle on Board Charger Historical Market (2018-2023)
8.3 Global Electric Vehicle on Board Charger Market Forecast (2024-2032)
8.4 Global Electric Vehicle on Board Charger Market by Propulsion Type
8.4.1 BEV
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 PHEV
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 HEV
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Electric Vehicle on Board Charger Market by Power Output
8.5.1 Less than 20kW
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 More than 20kW
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Electric Vehicle on Board Charger Market by Vehicle Type
8.6.1 Passenger Car
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicle
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Electric Vehicle on Board Charger Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Industrial Alcohol Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Industrial Alcohol Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Alcohol Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Industrial Alcohol Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Industrial Alcohol Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Aptiv Global Operations Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Borgwarner Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hyundai Mobis Co., Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Eaton Corporation plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Electric Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Infineon Technologies AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ficosa Internacional SA -
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 LG Magna e-Powertrain Co., Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Current Ways, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Xepics ItaliaSRL
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Electric Vehicle on Board Charger Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Vehicle on Board Charger Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
3. Global Electric Vehicle on Board Charger Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
4. Global Electric Vehicle on Board Charger Historical Market: Breakup by Power Output (USD Million), 2018-2023
5. Global Electric Vehicle on Board Charger Market Forecast: Breakup by Power Output (USD Million), 2024-2032
6. Global Electric Vehicle on Board Charger Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
7. Global Electric Vehicle on Board Charger Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
8. Global Electric Vehicle on Board Charger Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Electric Vehicle on Board Charger Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Electric Vehicle on Board Charger Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Electric Vehicle on Board Charger Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Electric Vehicle on Board Charger Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Electric Vehicle on Board Charger Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Electric Vehicle on Board Charger Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Electric Vehicle on Board Charger Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Electric Vehicle on Board Charger Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Electric Vehicle on Board Charger Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Electric Vehicle on Board Charger Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Electric Vehicle on Board Charger Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Electric Vehicle on Board Charger Market Structure
Key Questions Answered in the Report
The market for electric vehicle on board chargers is estimated to grow at a CAGR of 18.4% in the forecast period of between 2024 and 2032.
The growing adoption of electric vehicles, stringent anti-pollution laws by various governments, and the increasing disposable income are the major drivers of the market.
The key trends in the electric vehicle on board charger market include the technological advancements in the battery technology leading to the development of portable solutions and improvements in charging infrastructure.
The different propulsion types for electric vehicle on board chargers are BEV, PHEV, and HEV.
Less than 20kW and more than 20kW are the different segments of the market based on power output.
Passenger car and commercial vehicle are the different vehicle types included in the market report.
The main function of electric vehicle on board charger is to convert AC current into DC current. The DC charging is directly fed into the EV.
An electric vehicle on board charger is wired directly into the battery and is connected to a source of AC which provides it with the power.
Generally, an electric vehicle on board charger with a 10-15% power rating is recommended.
Aptiv Global Operations Limited, Borgwarner Inc., Hyundai Mobis Co., Ltd, Eaton Corporation plc, Mitsubishi Electric Corporation, Infineon Technologies AG, Ficosa Internacional SA -, LG Magna e-Powertrain Co., Ltd, Current Ways, Inc., and Xepics ItaliaSRL, among others, are the key market players, according to the report.
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