AC BEV On-Board Chargers

Global AC BEV On-Board Chargers Market to Reach US$26.6 Billion by 2030

The global market for AC BEV On-Board Chargers estimated at US$9.8 Billion in the year 2024, is expected to reach US$26.6 Billion by 2030, growing at a CAGR of 18.0% over the analysis period 2024-2030. 11 kW Charger, one of the segments analyzed in the report, is expected to record a 18.8% CAGR and reach US$14.7 Billion by the end of the analysis period. Growth in the 11 kW - 22 kW Charger segment is estimated at 14.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 Billion While China is Forecast to Grow at 24.6% CAGR

The AC BEV On-Board Chargers market in the U.S. is estimated at US$2.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 24.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.3% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.0% CAGR.

Global AC BEV On-Board Chargers Market – Key Trends & Drivers Summarized

Why Are On-Board Chargers Integral to Battery Electric Vehicles?

AC on-board chargers (OBCs) are a cornerstone of the Battery Electric Vehicle (BEV) ecosystem, enabling seamless charging at home, work, or public stations. Unlike DC fast chargers, which require extensive infrastructure and high energy inputs, AC OBCs leverage existing electrical grids, making them convenient and cost-effective for everyday use. These chargers convert AC power from the grid into DC power required to charge the vehicle`s battery, ensuring compatibility with standard home outlets and public charging networks. With the global shift toward electrification and decarbonization of transportation, OBCs are critical in providing reliable and flexible charging options, particularly in regions where fast-charging networks are still under development. Furthermore, advancements in OBC technology have enhanced their efficiency, compactness, and power density, ensuring that they meet the demands of increasingly sophisticated EVs. As the adoption of BEVs accelerates globally, the demand for efficient and integrated on-board charging systems is becoming increasingly significant.

How Are Technological Innovations Shaping the Future of On-Board Chargers?

The AC BEV on-board charger market is undergoing significant transformation, driven by innovations aimed at improving efficiency, reducing size, and enhancing performance. Silicon carbide (SiC) and gallium nitride (GaN) technologies have revolutionized the design of OBCs, offering higher switching frequencies and greater power density compared to traditional silicon-based systems. These advancements enable smaller, lighter, and more efficient chargers that are ideal for modern BEV architectures. Bidirectional charging is another groundbreaking development, allowing vehicles to not only draw power but also supply energy back to the grid or home systems through vehicle-to-grid (V2G) or vehicle-to-home (V2H) applications. Additionally, integrated OBC systems that combine multiple power electronics components into a single unit are gaining traction, reducing weight and complexity while improving overall vehicle efficiency. Smart charging features, supported by IoT and AI, allow users to optimize charging schedules, monitor energy usage, and ensure grid stability, paving the way for a more intelligent and sustainable EV ecosystem.

Which Regions and Applications Are Leading Demand for OBCs?

The demand for AC BEV on-board chargers is surging across regions, fueled by government incentives, infrastructure development, and growing consumer acceptance of electric vehicles. Asia-Pacific dominates the market, driven by high EV adoption rates in China, Japan, and South Korea, as well as extensive government support for electrification initiatives. Europe follows closely, with its stringent carbon emission targets and well-established EV infrastructure, making OBCs a standard feature in new BEVs. North America is also experiencing rapid growth, supported by increased investments in EV production and charging networks, particularly in the United States. Beyond regional dynamics, specific applications such as residential charging remain a primary driver of OBC demand, as consumers prefer the convenience of home-based charging solutions. Fleet applications, including delivery vehicles, taxis, and ride-sharing services, are another significant segment, where OBCs are essential for ensuring efficient and cost-effective operations. These trends highlight the broad applicability and indispensable role of OBCs in the global transition to electric mobility.

What Factors Are Driving Growth in the AC BEV On-Board Chargers Market?

The growth in the AC BEV On-Board Chargers market is driven by several factors, including the accelerating adoption of electric vehicles, advancements in charging technologies, and supportive government policies. The increasing global shift toward sustainable transportation has created a surge in demand for efficient and cost-effective charging solutions, positioning OBCs as a critical component of BEVs. Technological innovations, such as SiC- and GaN-based designs, have improved the efficiency and compactness of OBCs, making them ideal for modern vehicle architectures. Rising investments in EV infrastructure, particularly in emerging economies, have further fueled market growth by expanding access to charging networks. Government incentives and subsidies, coupled with stricter emission regulations, are also encouraging automakers to incorporate advanced OBC systems into their EV designs. Moreover, consumer preferences for vehicles with longer ranges and faster charging capabilities have driven the development of high-power OBCs, ensuring a seamless user experience. These factors collectively underscore the pivotal role of on-board chargers in the global EV revolution, ensuring their sustained demand in the coming years.

SCOPE OF STUDY:

The report analyzes the AC BEV On-Board Chargers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Rating (11 kW Charger, 11 kW - 22 kW Charger, More Than 22 kW Charger)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• Alfanar Group
• Bel Fuse Inc.
• BorgWarner Inc.
• BRUSA HyPower AG
• Current Ways Technologies
• Delta Energy Systems
• icosa International, S.A.
• innolectric AG
• Stercom Power Solutions GmbH
• Toyota Industries Corporation
• Valeo SA
• Xepics Italia Srl

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.