On-Board Battery Charger Market Report 2022 Market SWOT Analysis, Key Indicators, Forecast 2030

on-board battery charger was worth USD 4.05 billion in 2020 and is poised to register a CAGR of 17.2% over 2022-2030, thereby amassing a valuation of USD 19.80 billion by end of the stipulated timeline


The global on-board battery charger was worth USD 4.05 billion in 2020 and is poised to register a CAGR of 17.2% over 2022-2030, thereby amassing a valuation of USD 19.80 billion by end of the stipulated timeline.

In an electric vehicle (EV), hybrid electric vehicle (HEV), or plug-in hybrid car, the traction battery is charged using an on-board charger (OBC). The on-board charging system found in electric vehicles transforms the grid's AC input into a DC input, which then continues to charge the battery. The on-board charger's (OBC) electronic components give users the option of recharging their batteries from AC mains outlets at home or in public or private charging stations.

The market for electric vehicle on-board chargers is being propelled by rising government initiatives to build the infrastructure for charging electric vehicles and its related parts, as well as rising electric vehicle penetration. The lack of EV charging standards and the rising number of fast DC charger installations, however, are limiting the market's expansion. Moreover, the creation of a two-way on-board charger (V2G).

Global on-board battery charger market- Segmental Analysis

By Current Type

  • AC
  • DC

By Power Output

  • Less than 11 kW
  • 11 kW to 22 kW
  • More than 22 kW

By Vehicle Type

  • Passenger Car
  • Buses
  • Vans
  • Medium Heavy Duty Vehicles
  • Boats
  • Others

By Propulsion Type

  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

By Sales Channel

  • OEM
  • Aftermarket

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Top Key Players:-

  • Delta Energy Systems
  • STMicroelectronics
  • Toyota Industries Corporation
  • Eaton
  • Stercom Power Solutions GmbH
  • innolectric AG
  • BRUSA Elektronik AG
  • AVID Technology Limited
  • Ficosa Internacional SA
  • Xepics Italia SRL
  • Delphi Technologies
  • AVID Technology Limited
  • Mitsubishi Electric Corporation
  • Silicon Laboratories
  • VisIC Techologies Ltd
  • Analog Devices, Inc
  • Infineon Technologies AG
  • NXP Semiconductors N.V

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Q10. What is the installation cost of EV on board chargers?

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