Global Electric Vehicle Onboard Charger (OBC) Market CAGR of 21.34%, Developments and Forecast 2030

Market Overview:

The global market for Electric Vehicle Onboard Charger (OBC) valued at USD 3.04 Billion in 2022 is projected to reach a revised size of USD 14.29 Billion by 2030, growing at a CAGR of 21.34% over the period 2023-2030.

The Electric Vehicle Onboard Charger (OBC) plays a crucial role in charging electric and hybrid vehicles by connecting them to Level 2 electric vehicle supply equipment (EVSE). OBCs enable the charging of high-voltage DC battery packs from the power grid, eliminating the need for additional power conversion equipment and allowing charging from standard home outlets. The market is driven by the growing number of AC private and public charging stations worldwide, supported by government policies and large-scale deployment. This trend is expected to foster the development of the Electric Vehicle OBC Market, providing convenient and efficient charging solutions for electric vehicles.

Key Players For The Electric Vehicle Onboard Charger (OBC) Market:

Ficosa Corporation,LG Electronics,Hyundai Mobis Co. Ltd,BorgWarner Inc.,Bel power solutions,BRUSA Elektronik AG,Delphi Technologies,Toyota Industries Corporation,Xepics Italia SRL,Infineon Technologies AG,Stercom Power Solutions GmbH,Eaton Corporation and Other Major Players.

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Market Dynamics:

Driver:

The rising adoption of electric vehicles globally is a major driver for the OBC market. As more consumers switch to electric vehicles, the need for efficient onboard charging solutions increases. The expansion of charging infrastructure, including both public and private charging stations, creates a demand for OBCs. The development of fast charging technologies and high-power charging stations further fuels market growth. Furthermore, the increasing focus of governments worldwide on reducing greenhouse gas emissions and promoting electric vehicle adoption through incentives, subsidies, and favorable policies is driving the demand for OBCs.

Opportunities:

The development of high-power OBCs enables faster charging, reducing range anxiety and making electric vehicles more convenient and practical for long-distance travel. This presents significant opportunities for OBC manufacturers. Also, the rising adoption of electric vehicles in commercial sectors, such as delivery services, taxis, and ride-sharing companies, creates a significant market opportunity for OBCs. Furthermore, the integration of OBCs with smart grids and renewable energy sources allows for efficient charging and utilization of renewable energy. This integration presents opportunities for OBC manufacturers to provide smart and sustainable charging solutions.

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Market Segmentation:

By Vehicle Type

•          Passenger cars
•          Commercial vehicles

By Propulsion

•          Battery Electric Vehicles
•          Plug-in Hybrid Electric Vehicles
•          Hybrid Electric Vehicles

By Rated Power

•          Less than 3.3 kW
•          3.3-11 kW
•          more than 11 kW

Geographic Segment Covered in the Report

•          North America (U.S., Canada, Mexico)
•          Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•          Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•          Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•          Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•          South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In The Electric Vehicle Onboard Charger (OBC) Market

In January 2021, Bel Power Solutions, a provider of power conversion and power management solutions based in the United States, has introduced a bi-directional BCL25-700-8 onboard battery charger with four parallelly connected charging units and an efficiency of nearly 94%.

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We offer a detailed study over the entire Electric Vehicle Onboard Charger (OBC) market ecosystem by carefully evaluating the functions and interdependencies of various market stakeholders.

Further, most important element of our Electric Vehicle Onboard Charger (OBC) report is the examination of company profiles and competitive landscapes. This offers detailed insights into market players' roles, overviews, operating business segments, products, and financial performance. By carefully evaluating critical metrics such as production volume, sales volume, and sales margin, we provide a comprehensive understanding of their market position.

Reasons To Buy Report

• The report offers in depth analysis of the market by providing the definition, application and classifications.

• The SWOT analysis and strategies of each vendor in the market in provided in the report.

• The offers comprehensive insights into current industry trends, trend forecast and growth drivers.

• The report provides a detailed overview of the vendor landscape, competitive analysis and key market strategies to gain competitive landscape

Table Of Content:

Chapter 1: Introduction

 1.1 Research Objectives

 1.2 Research Methodology

 1.3 Research Process

 1.4 Scope and Coverage

  1.4.1 Market Definition

  1.4.2 Key Questions Answered

 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

 3.1 By Vehicle Type

 3.2 By Propulsion

 3.3 By Rated Power

Chapter 4: Market Landscape

 4.1 Porter's Five Forces Analysis

  4.1.1 Bargaining Power of Supplier

  4.1.2 Threat of New Entrants

  4.1.3 Threat of Substitutes

  4.1.4 Competitive Rivalry

  4.1.5 Bargaining Power Among Buyers

 4.2 Industry Value Chain Analysis

 4.3 Market Dynamics

  4.3.1 Drivers

  4.3.2 Restraints

  4.3.3 Opportunities

  4.5.4 Challenges

 4.4 Pestle Analysis

 4.5 Technological Roadmap

 4.6 Regulatory Landscape

 4.7 SWOT Analysis

 4.8 Price Trend Analysis

 4.9 Patent Analysis

 4.10 Analysis of the Impact of Covid-19

  4.10.1 Impact on the Overall Market

  4.10.2 Impact on the Supply Chain

  4.10.3 Impact on the Key Manufacturers

  4.10.4 Impact on the Pricing

Chapter 5: Electric Vehicle Onboard Charger (OBC) Market by Vehicle Type

 5.1 Electric Vehicle Onboard Charger (OBC) Market Overview Snapshot and Growth Engine

 5.2 Electric Vehicle Onboard Charger (OBC) Market Overview

 5.3 Passenger cars

  5.3.1 Introduction and Market Overview

  5.3.2 Historic and Forecasted Market Size (2016-2028F)

  5.3.3 Key Market Trends, Growth Factors and Opportunities

  5.3.4 Passenger cars: Geographic Segmentation

 5.4 Commercial vehicles

  5.4.1 Introduction and Market Overview

  5.4.2 Historic and Forecasted Market Size (2016-2028F)

  5.4.3 Key Market Trends, Growth Factors and Opportunities

  5.4.4 Commercial vehicles: Geographic Segmentation

Chapter 6: Electric Vehicle Onboard Charger (OBC) Market by Propulsion

 6.1 Electric Vehicle Onboard Charger (OBC) Market Overview Snapshot and Growth Engine

 6.2 Electric Vehicle Onboard Charger (OBC) Market Overview

 6.3 Battery Electric Vehicles

  6.3.1 Introduction and Market Overview

  6.3.2 Historic and Forecasted Market Size (2016-2028F)

  6.3.3 Key Market Trends, Growth Factors and Opportunities

  6.3.4 Battery Electric Vehicles: Geographic Segmentation

 6.4 Plug-in Hybrid Electric Vehicles

  6.4.1 Introduction and Market Overview

  6.4.2 Historic and Forecasted Market Size (2016-2028F)

  6.4.3 Key Market Trends, Growth Factors and Opportunities

  6.4.4 Plug-in Hybrid Electric Vehicles: Geographic Segmentation

 6.5 Hybrid Electric Vehicles

  6.5.1 Introduction and Market Overview

  6.5.2 Historic and Forecasted Market Size (2016-2028F)

  6.5.3 Key Market Trends, Growth Factors and Opportunities

  6.5.4 Hybrid Electric Vehicles: Geographic Segmentation

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