बाजार अवलोकन

The global on-board charger market is projected to reach $43.94 billion by 2032, with a compound annual growth rate (सीएजीआर) का 29.54% during the forecast period from 2022 को 2032. This growth is driven by the increasing sales of electric vehicles (EVs) worldwide.

The automotive industry has undergone significant transformation with the evolution of vehicle engine propulsion technology. As consumers’ behavior changes and environmental regulations become more stringent, there is a growing need for alternative energy sources to reduce reliance on fossil fuels for transportation. This has led to the development of EVs as a practical choice for mobility in the 21st century. On-board chargers play a crucial role in managing the energy flow from the power grid to the EV’s battery, and advancements in this technology are driving market growth.

The COVID-19 pandemic had a negligible impact on the global on-board charger market, with a slight increase in sales observed despite the challenging circumstances. The pandemic has increased awareness of the environment, leading more people to consider purchasing sustainable vehicles, which will drive market growth.

There are several demand drivers for the on-board charger market, including the high cost associated with fast charging systems, the demonstration of environmental commitment and support of brand values, the implementation of new government policies and initiatives, the ban on internal combustion engine vehicle production, and the increasing adoption of DC-DC integrated on-board chargers.

However, the market also faces limitations and challenges. These include the increasing push from governments for the deployment of highway/fast chargers, technological advancements in EV charging infrastructure, and the need to maintain the size of on-board chargers despite the escalating demand for high performance.

बाजार विभाजन

The market is segmented based on various factors, including propulsion type, vehicle type, charging power, design type, उत्पाद का प्रकार, वितरण प्रवाह, and region.

Segmentation by Propulsion Type
Battery Electric Vehicles (BEVs)
Plug-In Hybrid Electric Vehicles (PHEVs)

Segmentation by Vehicle Type
Passenger Vehicles
Commercial Vehicles

Segmentation by Charging Power
Less Than 6.6 kW
6.7 – 11.0 kW
11.1 – 22.0 kW
More Than 22.0 kW

Segmentation by Design Type
Unidirectional
Bidirectional

Segmentation by Product Type
Without Embedded DC/DC Converter
With Embedded DC/DC Converter

Segmentation by Distribution Channel
OEMs
Aftermarket

Segmentation by Region
North America
Asia-Pacific and Japan
चीन
Europe
U.K.
South America
Middle East and Africa

Based on the propulsion type segment, it is predicted that the battery electric vehicles (BEVs) segment will dominate the global on-board charger market in the forecast period. The market consists of two main types of electric vehicles: plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). These vehicle types are present in both passenger and commercial forms. While PHEV models have been in the market for many years, the advancement of battery technology and government regulations promoting vehicle efficiency have led to an increase in the adoption of BEVs, which rely solely on battery systems for power. The sales of BEVs are expected to surpass those of PHEVs due to decreasing costs and the development of EV infrastructure in various countries. As a result, it has become crucial for automotive OEMs to ensure that the on-board charger in EVs optimizes the driving system.

Among the vehicle types, passenger vehicles are projected to be the leading segment in the market, as the sales of electric passenger vehicles are anticipated to increase globally. On-board chargers are primarily used in two types of EVs: passenger vehicles and commercial vehicles. Commercial vehicles in this report include light electric vehicles, heavy buses, and heavy trucks. However, the production and sales of passenger vehicles are expected to exceed those of commercial vehicles, as more users are rapidly adopting EVs and replacing their internal combustion engine vehicles with EVs due to cost efficiency and various government subsidies, among other factors.

In 2021, on-board chargers with a charging power of less than 6.6 kW dominated the global market due to the increased sales of electric vehicles equipped with these chargers. This trend is expected to continue throughout the forecast period. The segment of chargers with less than 6.6 kW charging power is projected to grow steadily at a moderate rate of 14.27% between 2021 और 2032. This growth is driven by high demand in countries such as China, South Korea, and India, where electric vehicle sales are flourishing. On-board chargers with less than 6.6 kW power are compact and less expensive compared to chargers in other segments.

In terms of design type, unidirectional on-board chargers were dominant in 2021. However, the bidirectional segment is expected to grow at a higher rate compared to the unidirectional segment during the forecast period. Unidirectional chargers currently hold the largest market share globally. Nevertheless, the demand for bidirectional chargers has increased significantly in recent years due to different bidirectional charging options such as vehicle-to-grid (V2G), vehicle-to-load (V2L), and vehicle-to-vehicle (V2V). Many manufacturers in the market have already started offering various variants in the bidirectional charger segment. By the end of the forecast period, bidirectional chargers are projected to account for more than three-fourths of the on-board chargers in the market.

Manufacturers have discovered that on-board chargers with embedded DC-DC converters have several advantages over those without embedded DC-DC converters, such as packaging and cost benefits. Currently, chargers without embedded DC-DC converters hold a significant share in the global on-board charger market. However, on-board chargers with embedded DC-DC converters are expected to grow at a rate of 54.83% in the market.

The OEMs distribution channel segment dominated the global on-board charger market in 2021. This is attributed to the low replacement rate of on-board chargers and the increased production of electric vehicles by OEMs. The market consists of two main distribution channels: OEMs and the aftermarket. OEMs are expected to continue dominating the global on-board charger market for EVs, as most on-board chargers have a long lifespan and can last the entire lifetime of an electric vehicle. As technology in on-board chargers continues to advance, their performance in EVs also improves. However, the aftermarket segment is projected to grow significantly in the coming years due to the retrofitting of on-board chargers in the U.S. and certain European countries to enhance the performance of electric vehicles.

China generated the highest revenue of $1.28 billion in 2021, primarily driven by increased sales of electric vehicles in the country. The on-board charger market in China is attractive due to the presence of diverse market segments. Demand for on-board chargers varies across regions. Currently, China is the largest region in the on-board charger market. इसके अतिरिक्त, the rising sales of electric vehicles in the Asia-Pacific region, particularly in countries like India, South Korea, and Japan, are expected to boost the market further. Concerns over rising CO2 emissions in India and Japan have prompted government incentives for purchasing electric vehicles, technological advancements, and extensive investments in charging infrastructure, all of which contribute to the market’s growth in the region.

प्रतिस्पर्धी परिदृश्य

The selection of the profiled companies was based on inputs obtained from primary experts, as well as an analysis of company coverage, product portfolio, and market penetration.

Key companies profiled in this report include Meta System S.p.A., Robert Bosch GmbH, BorgWarner Inc., HELLA GmbH & सह. KGaA, Lear Corp., Ficosa Internacional SA, BRUSA Elektronik AG, YAZAKI Corporation, KOSTAL Automobil Elektrik GmbH & सह. किलोग्राम, Texas Instruments Incorporated, STMicroelectronics, Analog Devices, Inc., Semiconductor Components Industries, LLC, Infineon Technologies AG, Wolfspeed, इंक.

Recent Industry Developments

In 2020, Innolectric AG unveiled the production of their three-phase 22 kW on-board chargers for electric vehicles. These chargers, developed in collaboration with STMicroelectronics, incorporate highly efficient silicon carbide power modules, resulting in an efficiency rating surpassing 94% and peaking at 96% within the 2-10 kW range.

BorgWarner Inc. successfully concluded its acquisition of Delphi Technologies in 2020. This merger is anticipated to bolster BorgWarner’s portfolio of electronics and power electronics products.

MTA made an announcement in 2021 regarding its acquisition of an 80 percent stake in EDN, an Italian company specializing in the development and production of power converters and on-board battery chargers for use in hazardous environments and electric vehicles.

In 2021, Eaton, a prominent power management corporation, completed the acquisition of Green Motion SA. Green Motion SA is a leading designer and manufacturer of hardware and software solutions for electric vehicle charging.

Faurecia confirmed the completion of the acquisition of Hella in 2022. Following this successful acquisition of a controlling stake in HELLA, the combined group was rebranded as FORVIA by Faurecia and HELLA.

Key Questions Answered

How is the on-board charger market evolving in the global ecosystem with the introduction of new technologies and products?

What are the perspectives of major industry participants in on-board charger manufacturing companies regarding the latest trends and developments related to on-board chargers?

What strategies are the key players adopting to maintain their presence in the market, and what initiatives are new entrants taking in this ecosystem?

Which regions and countries are effectively utilizing on-board chargers for electric vehicles?

Who are the prominent manufacturers in the on-board charger market, categorized by region and country?