On-Board Charger Market Share, Size, Growth Analysis Report 2023-2028

According to IMARC Group’s latest research report, titled “On-Board Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the On-Board charger market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How big is the On-Board Charger Market?

The global on-board charger market size reached US$ 5.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.58 Billion by 2028, exhibiting a growth rate (CAGR) of 19.20% during 2023-2028.

What is On-Board Charger?

An on-board charger (OBC) is a device that is utilized to charge a variety of batteries, including lead-acid, lithium-ion, and nickel-metal hydride. It is also used in electric vehicles to charge the electric motor and other components. It is usually installed in the vehicle and connected to an external power source. It converts the external AC power into DC power, which is then utilized to charge the battery. Additionally, it is designed to optimize the charging process, ensuring that the battery is charged safely and efficiently. It also monitors the battery’s condition and temperature and prevents overcharging. Most OBCs have various safety features, such as overload protection, short circuit protection, and temperature control and also feature a range of charging modes, allowing the user to customize the charging process to their needs.

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What are the Growth Prospects and Trends in the On-Board Charger Market?

The escalating demand for electric vehicles (EVs) majorly drives the global market. As more individuals seek to reduce their carbon emissions, EVs are becoming increasingly popular. This is leading to an increasing demand for on-board chargers, as they are an essential component for EVs. Along with this, governments of various countries are introducing policies to encourage EV adoption, providing an additional boost to the overall on-board charger market. In addition, the rising utilization of autonomous vehicles is also driving the on-board charger demand. Moreover, the development of new technologies that improve the charging speed of on-board chargers is creating a positive market outlook. Some of the other factors driving the market include rising environmental concerns and inflating disposable income levels.

Who are the key Players Operating in the Industry?

Bel Fuse Inc.
BRUSA Elektronik AG
Delta Energy Systems
Ficosa International SA
Innolectric AG
KOSTAL Automobil Elektrik GmbH & Co. KG
Robert Bosch GmbH
Semiconductor Components Industries LLC
Stercom Power Solutions GmbH
STMicroelectronics N.V.
Texas Instruments Incorporated
Toyota Industries Corporation

What is included in Market Segmentation?

The report has segmented the market into the following categories:

Power Insights:

Less Than 11 kW
11 kW to 22 kW
More Than 22 kW

Vehicle Type Insights:

Passenger Car
Buses
Vans
Medium and Heavy Duty Vehicles
Boats
Others

Propulsion Type Insights:

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

Distribution Channel Insights:

OEMs
Aftermarket

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.