On-board Charger Market Size, Share & Trends Analysis Report By Power Output (Less than 11kW, 11kW to 22kW, More than 22kW), By Vehicle Type, By Propulsion Type- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global On-board Charger market gathered revenue around USD 4.09 Billion in 2020 and market is set to grow USD 14.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 18.1% during the prediction period 2021 to 2027.

Growth Factors:

The market growth can be attributed to the increase in electric car sales globally. According to the statistics provided by the IEA organization, in 2019, electric car sales accounted for 2.1 million, registering a 40% year-on-year growth.

The ban imposed by various governments on the use of fossil fuel vehicles is expected to increase the sales of electric vehicles, which is subsequently expected to create the need for on-board chargers. In the U.K., the government has released its plan of banning new fossil fuel vehicle sales by 2030 to help accentuate electric vehicle use. Additionally, in the U.S., California is also expected to ban the sales of gasoline-powered new trucks and passenger cars by 2035.

Tax benefits provided on the purchase of electric cars are also one of the major factors driving the market growth. In the U.K., significant tax benefits are being provided to company fleet operators and car drivers for switching to electric vehicles from April 2020. The zero tax rate will be applicable for electric vehicles with a range of over 130 miles and hybrid vehicles with emissions from 1 to 50 g/km.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the On-board Charger market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global On-board Charger market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 14.9 Billion by 2027
Growth Rate CAGR of 18.1% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Power output, vehicle type, propulsion type and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Bel Fuse Inc.; Delta Energy Systems; STMicroelectronics; Toyota Industries Corporation; Eaton; Stercom Power Solutions GmbH; innolectric AG; BRUSA Elektronik AG; AVID Technology Limited; Ficosa Internacional SA..

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

On-board Charger market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Segments covered analysis

By Power Output analysis:

The 11 kW to 22 kW segment dominated the market and accounted for more than 41.0% share of the global revenue in 2020. The 11-22 kW chargers are tri-phase AC chargers that charge an electric vehicle in two to four hours. A tri-phase AC charger is commonly used as a public charge point. According to the statistics provided by Transport & Environment, 61.2% of European public chargers are tri-phase AC chargers.

The less than 11 kW segment is anticipated to register the fastest growth over the forecast period. Most electric vehicles are expected to feature 6 kW to 11 kW on-board chargers in the coming years. According to the statistics published by OpenSystems Media, approximately 98.1% of on-board chargers will be 6 kW to 11 kW, rather than 3 kW to 5 kW, in the coming days. At the same time, benefits offered by less than 11 kW on-board chargers, such as increased charging efficiency and maximized performance, are expected to drive the segment growth.

By Vehicle Type analysis:

The passenger cars segment dominated the market and accounted for more than 35.0% share of the global revenue in 2020. The increasing sales of electric passenger cars globally are expected to create the demand for on-board chargers. According to the statistics provided by the HIS Market, the plug-in passenger car sales in the U.S. accounted for 5.2% of the market share in 2020, witnessing growth, compared to 4.2% in 2019. Additionally, European plug-in passenger car sales accounted for 7.7% in 2020 compared to 3.4% in 2019.

The buses segment is expected to register the fastest growth over the forecast period. An on-board charger is used in buses for converting the AC to DC for charging the battery. The increase in sales of zero-emission buses globally is expected to accentuate the segment growth. According to the statistics provided by Sustainable Bus, a web magazine focused on the electric buses market, by 2040, the sales of electric buses are expected to rise to 83.1%.

By Propulsion Type analysis:

The BEV segment dominated the market and accounted for more than 67.0% share of the global revenue in 2020. In Battery Electric Vehicle (BEV), the propulsion is provided through the plug-in charged battery. The rise in BEV vehicles is driving the segment growth. Various companies such as Volkswagen, Audi, and Mercedes-Benz have accounted for the highest share in the BEV segment. In 2020, Volkswagen accounted for 17.2% in BEV, which was followed by Mercedes-Benz with 14.7%. The PHEV segment is expected to register the fastest growth over the forecast period. Various Plug-in Hybrid Electric Vehicle (PHEV) manufacturers are adopting on-board chargers with an output between 3 to 3.7 kW, which is driving the segment growth.

Regional analysis:

The Asia Pacific region dominated the market and accounted for more than 38.4% share of the global revenue in 2020. The rise in government efforts for promoting electric vehicle sales in countries such as China and India are accentuating the regional market growth. For instance, the sales quotas introduced by the Chinese government for the years 2019, 2020, and 2021 are one of the major factors driving the EV on-board charger sales in the country. The EVs using on-board chargers in China include Tesla Model 3, BYD Qin Pro EV, and GAC Aion S, among others.

Europe is expected to register significant growth over the forecast period. The players in Europe are continuously making efforts to expand their EV offerings, which is thereby driving the demand for on-board chargers. According to the BMW vision, the company has planned to electrify its SUVs, sedans, and Mini vehicles in Europe by 2030. At the same time, an increase in subsidies provided on the purchase of electric vehicles is also one of the major factors driving the market growth in the region.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the On-board Charger Market include: Bel Fuse Inc.; Delta Energy Systems; STMicroelectronics; Toyota Industries Corporation; Eaton; Stercom Power Solutions GmbH; innolectric AG; BRUSA Elektronik AG; AVID Technology Limited; Ficosa Internacional SA.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

  • 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 Geography

North America

  • U.S.
  • Canada


  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the On-board Charger market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the On-board Charger market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the On-board Charger markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in On-board Charger Market Study:

  • Growth of On-board Charger in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for On-board Charger and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  On-board Charger Consumption Analysis
  •  On-board Charger Production Analysis
  •  On-board Charger and Management