On-Board Charger Market Trend, Size, Companies, Top Player, and Outlook 2024-30

Global On-Board Charger Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global On-Board Charger market. The research report on the On-Board Charger Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “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.

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Global On-Board Charger Market Challenge:

Lack of Adequate Infrastructure Hindering Market Growth – As per current market analysis there is a major hindrance in the market due to the lack of availability of charging infrastructure which ultimately becomes a limiting factor in adopting EV OBCs. Slow charging stations and low growth in the development of charging networks have affected the market drastically. This also affects the sales as the areas where there is a shortage of charging stations the customers won’t buy the vehicle. Rapid or fast chargers are still under development so this problem cannot be resolved so easily. Massive investment and RD are required to resolve the issue. The shortage of infrastructure is a heavy entry barrier for customers as range could be a major problem here. Customers have to look out for batteries that could provide them with more range and fast charging to save both time and cost.

Limitations of infrastructure have extended their hands on compatibility issues as different manufacturers have different variations of charging standards and protocols. On-board chargers are required to support multiple standards and types (level 1, level 2, DC fast Charger, CCS, CHAdeMO) to ensure broad compatibility. Addressing these infrastructure limitations is crucial for the continued growth and efficiency of the OBC industry. By tackling these challenges, the industry can improve the overall effectiveness and adoption of on-board chargers and support the broader transition to electric mobility.

Global On-Board Charger Market Segment Geography [2024-30]

The On-Board Charger market is segmented into significant segments based on Geography.

-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

Geographical Analysis

-By Region

North America
South America
Europe
Middle East Africa
Asia-Pacific

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Top Companies Essentially Working in On-Board Charger Market

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.

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