On-board Charger

Global On-board Charger Market to Reach US$25.5 Billion by 2030

The global market for On-board Charger estimated at US$9.4 Billion in the year 2024, is expected to reach US$25.5 Billion by 2030, growing at a CAGR of 18.2% over the analysis period 2024-2030. Below 11 kW, one of the segments analyzed in the report, is expected to record a 17.2% CAGR and reach US$15.2 Billion by the end of the analysis period. Growth in the 11 kW to 22 kW segment is estimated at 19.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.5 Billion While China is Forecast to Grow at 17.2% CAGR

The On-board Charger market in the U.S. is estimated at US$2.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2030 trailing a CAGR of 17.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.6% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.

Global On-Board Charger Market – Key Trends & Drivers Summarized

Why Are On-Board Chargers Central to the EV Charging Ecosystem?

On-board chargers (OBCs) are vital components in electric vehicles (EVs), serving as the interface between the vehicle`s battery and the external AC power supply. Their primary function is to convert alternating current (AC) from the grid into direct current (DC) to charge the EV’s battery, enabling safe, efficient, and reliable energy transfer. As the global electric mobility revolution gathers pace, the importance of high-performance on-board chargers has grown significantly. They not only influence charging time and vehicle range but also affect overall vehicle efficiency and thermal management. Modern OBCs are expected to support a wide range of voltage levels, adhere to grid standards across different geographies, and ensure power factor correction and isolation for safe operation. With the surge in adoption of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), automakers are integrating advanced OBC systems that support both single-phase and three-phase charging, offer bidirectional functionality (V2G/V2H), and meet compact design requirements. As the EV market shifts from early adoption to mass-market penetration, the demand for faster, smarter, and more versatile on-board charging solutions is increasing—making OBCs a strategic component in vehicle design and consumer satisfaction.

How Are Power Electronics and Efficiency Standards Shaping OBC Innovation?

Technological advancements in power electronics are transforming the capabilities and performance standards of on-board chargers. Silicon carbide (SiC) and gallium nitride (GaN) semiconductors are increasingly being adopted in OBCs to improve switching efficiency, reduce energy losses, and enable high-frequency operation—resulting in smaller, lighter, and more thermally efficient chargers. These innovations allow for faster charging without overheating, which is critical for compact EV designs and performance-focused applications. Additionally, regulatory standards in key automotive markets are driving OEMs and Tier 1 suppliers to develop OBCs with higher energy conversion efficiencies, reduced electromagnetic interference, and lower standby power consumption. Compliance with global energy efficiency benchmarks—such as those set by the U.S. Department of Energy (DOE) or the European Union’s Ecodesign Directive—further compels the use of next-gen components and design architectures. Manufacturers are also integrating adaptive control systems and intelligent diagnostics into OBCs to support real-time communication with charging stations and onboard battery management systems (BMS). The rise of software-defined vehicles is bringing new possibilities for firmware-over-the-air (FOTA) updates, allowing OBCs to improve or adapt functionality post-deployment. As powertrain electrification continues to evolve, the role of the OBC is shifting from a passive converter to an active enabler of smart, efficient, and adaptive energy management in electric vehicles.

Is the Shift Toward Bidirectional Charging Reshaping the Role of On-Board Chargers?

Yes, the emergence of bidirectional charging—enabled by vehicle-to-grid (V2G), vehicle-to-home (V2H), and vehicle-to-load (V2L) capabilities—is reshaping the design and utility of on-board chargers. Traditional OBCs were unidirectional, simply converting AC to DC to charge the battery. However, next-generation OBCs are being designed to handle reverse power flow, allowing EVs to function as mobile energy storage units capable of sending power back to the grid or supporting household electricity needs. This shift is driven by the growing importance of distributed energy systems and the need to stabilize renewable-heavy power grids. With governments and utilities exploring demand response programs and grid-interactive technologies, bidirectional charging presents a new value proposition for EV owners and fleet operators alike. OBCs with V2G/V2H functionality require sophisticated control algorithms, reinforced isolation, and grid synchronization features—all of which increase system complexity and design requirements. Despite these challenges, the integration of bidirectional capabilities into OBCs is gaining momentum, especially in regions like Europe, Japan, and California, where supportive infrastructure and regulations are advancing quickly. This paradigm shift is elevating the role of the on-board charger from a passive component to a key enabler of smart grid integration, energy decentralization, and EV monetization strategies.

What’s Driving the Accelerated Growth of the On-Board Charger Market Globally?

The growth in the on-board charger market is driven by several interrelated factors rooted in rising EV adoption, technological innovation, evolving regulatory frameworks, and expanding charging infrastructure. The primary growth catalyst is the global boom in electric vehicle sales—spurred by climate policy mandates, emission reduction goals, and consumer preference for cleaner transportation. As EV penetration deepens across passenger, commercial, and two-wheeler segments, demand for advanced OBCs that support fast, safe, and efficient charging continues to surge. Additionally, the shift toward higher voltage EV architectures (400V and 800V platforms) is driving innovation in OBC designs to match faster charging expectations without compromising energy efficiency or thermal management. On the supply side, technological advances in semiconductors, compact magnetics, and integrated circuits are enabling smaller, lighter, and more cost-effective OBC solutions. Regulatory support in the form of energy efficiency targets, vehicle certification norms, and grid interoperability standards is encouraging OEMs to adopt next-gen charger architectures. Meanwhile, the rise of fleet electrification in logistics, public transport, and ride-sharing is creating demand for high-durability, high-cycle OBCs that can operate under demanding conditions. Furthermore, growing investments in AC charging infrastructure—particularly in residential and workplace settings—are reinforcing the relevance of OBCs as everyday enablers of EV usability. Together, these trends are driving robust, global growth in the on-board charger market, positioning it as a critical component in the electrified transportation ecosystem of the future.

SCOPE OF STUDY:

The report analyzes the On-board Charger market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Power (Below 11 kW, 11 kW to 22 kW, Above 22 kW); Vehicle (Passenger Cars, Buses, Vans, Medium & Heavy Duty Vehicles, Boats, Other Vehicles); Propulsion (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 37 Featured) -

• Aptiv PLC
• AVID Technology Limited
• Bel Fuse Inc.
• BorgWarner Inc.
• BRUSA Elektronik AG
• Current Ways Inc.
• Delta Energy Systems
• Eaton Corporation
• Ficosa International S.A.
• Hyundai Mobis Co., Ltd.
• Innolectric AG
• KOSTAL Automobil Elektrik GmbH & Co. KG
• LG Electronics Inc.
• Robert Bosch GmbH
• Siemens AG
• Stercom Power Solutions GmbH
• STMicroelectronics N.V.
• Tesla, Inc.
• Toyota Industries Corporation
• Yazaki Corporation

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.

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APRIL 2025: NEGOTIATION PHASE

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