Global On-Board Charger Market by Type (Single-Phase On-Board Charger, Three-Phase On-Board Charger), by Power Supply (Below 3.3 kW, 3.3 kW – 22 kW, Above 22 kW), by End-Use (Electric Vehicles, Plug-in Hybrid Electric Vehicles), by Charging Standard (CHAdeMO, CCS, Tesla Supercharger); Insights & Forecast (2024 – 2030)

As per Intent Market Research, the On-Board Charger Market was valued at USD 5.6 Billion in 2024-e and will surpass USD 19.0 Billion by 2030; growing at a CAGR of 22.4% during 2025 - 2030.

The On-Board Charger (OBC) market plays a vital role in the electric vehicle (EV) ecosystem by enabling the efficient charging of EVs and plug-in hybrid electric vehicles (PHEVs). As the demand for electric vehicles continues to rise, the importance of reliable, fast, and efficient charging solutions has become more significant. On-board chargers convert alternating current (AC) power from the grid to direct current (DC) power to charge the vehicle's battery. The market is driven by the rapid adoption of electric vehicles, the push towards sustainable transportation, and technological advancements aimed at improving charging speeds and efficiency. With the growing transition towards cleaner energy sources, the OBC market is expected to see substantial growth in the coming years.

Single-Phase On-Board Charger Segment Is Largest Owing To Broad Adoption in Consumer EVs

The single-phase on-board charger segment is the largest in the On-Board Charger market, driven by its widespread adoption in residential electric vehicles (EVs). Single-phase chargers are cost-effective, easy to install, and provide adequate charging for most consumers, especially for those with lower power requirements or who charge their vehicles overnight. These chargers are commonly used in home charging stations, where the power supply is typically single-phase AC.

Despite the increasing demand for higher power output, the single-phase segment continues to dominate, particularly for compact EVs and lower-power charging applications. The simplicity, affordability, and efficiency of single-phase OBCs make them a preferred choice for most EV owners and contribute to their dominance in the market.

Above 22 kW Power Supply Segment Is Fastest Growing Owing To Increased Demand for Fast Charging Solutions

The "Above 22 kW" power supply segment is the fastest growing in the On-Board Charger market, driven by the rising demand for fast charging solutions that enable reduced downtime for EVs and plug-in hybrid electric vehicles (PHEVs). Higher power supply chargers allow for faster charging, making them ideal for commercial EVs, long-range vehicles, and fleet operations that require quick turnaround times. As charging infrastructure expands, fast-charging stations equipped with high-power on-board chargers are becoming more prevalent, driving growth in this segment.

With advancements in charging technology, the ability to charge vehicles quickly without compromising battery life or efficiency has become increasingly important. As more consumers and businesses prioritize speed and convenience, the "Above 22 kW" power supply segment is expected to continue its rapid growth, especially in urban areas and along major transport routes.

Electric Vehicles (EVs) Segment Is Largest Owing To High Market Penetration

The electric vehicle (EV) segment is the largest end-use segment in the On-Board Charger market, attributed to the high market penetration of electric vehicles worldwide. As the adoption of EVs accelerates, the need for efficient on-board chargers that support the fast and reliable charging of these vehicles becomes increasingly important. EVs, ranging from compact city cars to long-range models, require robust on-board chargers to convert AC power into the DC power needed to recharge their batteries.

This segment benefits from government incentives, environmental regulations, and growing consumer interest in sustainable transportation. With the increasing variety of electric vehicles, including entry-level and luxury models, the demand for advanced on-board chargers continues to rise, securing the electric vehicle segment's dominant position in the market.

CHAdeMO Charging Standard Segment Is Largest Owing To Early Market Adoption

The CHAdeMO charging standard is the largest segment in the On-Board Charger market, owing to its early adoption and established infrastructure. CHAdeMO is a fast-charging standard that was initially developed in Japan and has since become widely used in EV markets across the globe. Its fast-charging capabilities make it suitable for both public and private charging stations, offering high-speed charging for electric vehicles.

While other charging standards, such as CCS, are also growing rapidly, CHAdeMO's established presence in the market, especially in regions with large numbers of Nissan, Mitsubishi, and other electric vehicle models, continues to drive its dominance. Additionally, the continued expansion of CHAdeMO-compliant charging stations supports its widespread adoption, solidifying its position as the leading charging standard in the OBC market.

Asia-Pacific Region Is Largest Owing To Rapid EV Adoption and Expanding Charging Infrastructure

The Asia-Pacific region holds the largest share in the On-Board Charger market, driven by rapid electric vehicle adoption and the expansion of charging infrastructure, particularly in countries like China, Japan, and South Korea. As the largest EV market globally, China is at the forefront of the transition to electric vehicles, with government policies that incentivize the production and use of EVs. These policies, along with substantial investments in charging infrastructure, are fueling the demand for on-board chargers in the region.

The Asia-Pacific market also benefits from a strong manufacturing base for both electric vehicles and charging equipment, which contributes to the rapid availability and affordability of on-board chargers. As the region continues to lead in electric mobility, the demand for efficient and fast-charging solutions is expected to grow, further strengthening the Asia-Pacific market's position.

Competitive Landscape and Key Players

The On-Board Charger market is highly competitive, with several leading players focusing on technological advancements to enhance the efficiency and speed of their chargers. Key players in the market include ABB Ltd., Schneider Electric, Siemens AG, Delta Electronics, and ChargePoint. These companies are leveraging their expertise in electrical systems, energy management, and charging infrastructure to offer a range of on-board chargers tailored to various electric vehicle models.

The competitive landscape is characterized by partnerships and collaborations between EV manufacturers and charging solution providers to create seamless and integrated charging ecosystems. With the continuous evolution of charging standards and the growing demand for faster charging, market players are focusing on innovation and expanding their product offerings to meet the needs of both consumers and businesses, ensuring a dynamic and competitive market environment.

Recent Developments:

• Tesla Inc. introduced an enhanced on-board charger with faster charging capabilities for its latest EV model, improving battery efficiency.
• ABB Ltd. launched a new range of on-board chargers with integrated smart grid connectivity, aimed at accelerating EV adoption in urban areas.
• Siemens AG expanded its EV charging solutions with a cutting-edge on-board charger designed for commercial electric vehicles, offering faster charging.
• Schneider Electric partnered with an automotive manufacturer to integrate advanced on-board chargers for electric trucks, optimizing energy efficiency.
• Delta Electronics, Inc. unveiled a new on-board charger technology at an industry conference, highlighting its ability to reduce charging time by 30%.

List of Leading Companies:

• Tesla Inc.
• ABB Ltd.
• Siemens AG
• Schneider Electric
• BYD Auto Co., Ltd.
• Delta Electronics, Inc.
• Panasonic Corporation
• Eaton Corporation
• Legrand Group
• Bosch Automotive Group
• Webasto Group
• TDK Corporation
• Mitsubishi Electric Corporation
• General Electric (GE)
• Schneider Electric

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