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On-Board Battery Charger Market Size - By Propulsion 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), by Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), by Sales Channel (OEM, Aftermarket) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 231
  • CATEGORY
  • Electronics & Communication

Global On-board battery charger Market Analysis by Current Type, Power Output, Vehicle Type, Propulsion Type, Sales Channel and Region and segments forecast till 2033

 

Market Overview

The global On-board battery charger Market was worth USD 4,050 million in 2022 and is anticipated to amplify at a CAGR of 17.2% over 2023-2033, thereby accumulating USD 19,800 million by end of the analysis timeline.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 4,050 Million

Market Forecast in 2033

USD 19,800 Million

CAGR % 2023-2033

17.2%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Current Type, Power Output, Vehicle Type, Propulsion Type, Sales Channel

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Delta Energy Systems STMicroelectronics, Toyota Industries Corporation, Eaton, Stercom Power Solutions GmbH, innolectric AG, BRUSA Elektronik AG, AVID Technology Limited, Ficosa International 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, and Bel Fuse, Inc.

 

The on-board battery charger is used in electric vehicles or hybrid electric vehicles to charge their voltage battery by converting AC power into DC input. This enables users to charge their cars from the AC mains; either in charging stations or at home. In other words, this system is equipped with the ability to generate power for vehicle charging from any AC producing entity.

Rising adoption of electric vehicles across the globe and technological innovations in the automotive sector are primarily fueling the growth of this industry sphere. Furthermore, stringent government regulations to reduce emission rates and rising disposable income of the masses are positively swaying the market dynamics. Also, high costs associated with the charging of EVs at private or public charging stations has escalated the demand for on-board battery chargers. Alongside, the surging focus of industry players to develop innovative features for electric vehicles is adding momentum to the industry expansion.

On the contrary, supply chain disruptions and halt in manufacturing operations caused by the COVID-19 pandemic reduced the sales of EVs across the globe. This in turn hindered the remuneration scope of the overall business sphere. There has been a widespread adoption of electric vehicles across numerous nations. Factors such as increase in disposable income, emission reduction goals set by various nations, and depletion of fossil fuels are shifting costumer inclination towards EVs. This has created a lucrative opportunity for the on-board battery charger market to prosper.

Various nations across the globe have implement stringent policies to reduce carbon footprint. Moreover, rising cognizance of the masses about the importance of using renewable energy sources has paved a way for the rapid penetration of electric vehicles. This in turn has stimulated the overall outlook of this marketplace.

 

Current Type Insights

The AC segment is anticipated to garner significant returns over the assessment timeframe due to the efficacy of AC chargers to fully charge an EV within 8-9 hours.

 

Power Output Insights

The 11 kW to 22 kW segment is poised to amass notable gains over 2022-2030 owing to their operational efficiency and escalating consumer demand for fast charging equipment.

 

Vehicle Type Insights

The passenger car segment is expected to capture a high revenue share over the estimated timeline. This is attributable to the growing demand for economic transportation mediums across the world.

 

Regional Insights

Considering the geographical frame of reference, the market sphere is classified into North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to expand with a significant CAGR over 2022-2030. This is credited to the presence of prominent EV manufacturers, stringent emission rules, and rising per capita income level of the masses.

 

Competitive Analysis

The prominent companies operating the marketplace are Delta Energy Systems STMicroelectronics, Toyota Industries Corporation, Eaton, Stercom Power Solutions GmbH, innolectric AG, BRUSA Elektronik AG, AVID Technology Limited, Ficosa International 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, and Bel Fuse, Inc.   

 

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

 

 

Why to buy this Report?

The report provides quantitative and qualitative aspect for On-board battery charger Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in On-board battery charger Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

             Business Model

             Production Capacity, Revenue, Sales, Gross Margin

             Key Business Strategy

             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

             Company Share Analysis from 2020-2022

             Company Analysis by Revenue and Sales

             Company Production Capacity, Gross Margin

             Company Share Analysis by Application/End Use

             Company Share Analysis by Product/Specification

1. Global On-Board Battery Charger Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. On-Board Battery Charger Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global On-Board Battery Charger Market Scope and Market Estimation

1.4.1. Global On-Board Battery Charger Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global On-Board Battery Charger Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. On-Board Battery Charger Market Segmentation

1.5.1. Current Type of Global On-Board Battery Charger Market

1.5.2. Power Output of Global On-Board Battery Charger Market

1.5.3. Vehicle Type of Global On-Board Battery Charger Market

1.5.4. Propulsion Type of Global On-Board Battery Charger Market

1.5.5. Sales Channel of Global On-Board Battery Charger Market

1.5.6. Key Regions of On-Board Battery Charger Market

 

2. Global On-Board Battery Charger Market - Executive Summary

2.1. Global On-Board Battery Charger Market – Summary & Snapshot

2.2. Global On-Board Battery Charger Market, By Current Type (US$ Million)

2.3. Global On-Board Battery Charger Market, By Power Output (US$ Million)

2.4. Global On-Board Battery Charger Market, By Vehicle Type (US$ Million)

2.5. Global On-Board Battery Charger Market, By Propulsion Type (US$ Million)

2.6. Global On-Board Battery Charger Market, By Sales Channel (US$ Million)

2.7. Global On-Board Battery Charger Market, By Geography (US$ Million)

2.8. Global On-Board Battery Charger Market Outlook & Future Opportunities

 

3. On-Board Battery Charger Market Trends, Outlook, and Factors Analysis

3.1. Global On-Board Battery Charger Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global On-Board Battery Charger Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. On-Board Battery Charger Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Development in electric vehicle charging system

3.2.1.2. Drivers 2

3.2.1.3. Drivers 3

3.2.1.4. Drivers 4

3.2.2. Restraints

3.2.2.1. Increasing push from governments for installation of DC fast chargers

3.2.2.2. Restraints 2

3.2.2.3. Restraints 3

3.2.3. Opportunities

3.2.3.1. Growing number of electric vehicle in developing countries

3.2.3.2. Opportunities 2

3.2.3.3. Opportunities 3

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of On-Board Battery Charger Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of On-Board Battery Charger Market

3.9.1. By Current Type

3.9.2. By Power Output

3.9.3. By Vehicle Type

3.9.4. By Propulsion Type

3.9.5. By Sales Channel

3.9.6. By Regions

 

4. Global On-Board Battery Charger Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global On-Board Battery Charger Market, 2020 – 2021 (US$ Million)

4.2. Global On-Board Battery Charger Market, By Current Type, 2020 To 2021 (US$ Million)

4.3. Global On-Board Battery Charger Market, By Power Output, 2020 To 2021 (US$ Million)

4.4. Global On-Board Battery Charger Market, By Vehicle Type, 2020 To 2021 (US$ Million)

4.5. Global On-Board Battery Charger Market, By Propulsion Type, 2020 To 2021 (US$ Million)

4.6. Global On-Board Battery Charger Market, By Sales Channel, 2020 To 2021 (US$ Million)

4.7. Global On-Board Battery Charger Market, By Region, 2020 To 2021 (US$ Million)

 

5. Global On-Board Battery Charger Market Estimates & Forecast Trend Analysis, by Propulsion Type

5.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, By Propulsion Type, 2022 & 2033

5.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, by Propulsion Type, 2022 to 2033

5.2.1. AC

5.2.2. DC

 

6. Global On-Board Battery Charger Market Estimates & Forecast Trend Analysis, by Power Output

6.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, by Power Output, 2022 & 2033

6.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, by Power Output, 2022 to 2033

6.2.1.1. Less than 11 kW

6.2.1.2. 11 kW to 22 kW

6.2.1.3. More than 22 kW

 

7. Global On-Board Battery Charger Market Estimates & Forecast Trend Analysis, by Vehicle Type

7.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, By Vehicle Type, 2022 & 2033

7.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, by Vehicle Type, 2022 to 2033

7.2.1. Passenger Car

7.2.2. Buses

7.2.3. Vans

7.2.4. Medium & Heavy Duty Vehicles

7.2.5. Boats

7.2.6. Others

 

8. Global On-Board Battery Charger Market Estimates & Forecast Trend Analysis, by Propulsion Type

8.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, By Propulsion Type, 2022 & 2033

8.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, by Propulsion Type, 2022 to 2033

8.2.1. Battery Electric Vehicle (BEV)

8.2.2. Plug-in Hybrid Electric Vehicle (PHEV)

 

9. Global On-Board Battery Charger Market Estimates & Forecast Trend Analysis, by Sales Channel

9.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, By Sales Channel, 2022 & 2033

9.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, by Sales Channel, 2022 to 2033

9.2.1. OEM

9.2.2. Aftermarket

 

10. Global On-Board Battery Charger Market Analysis and Forecast, by Region

10.1. Global On-Board Battery Charger Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033

10.2. Global On-Board Battery Charger Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033

10.2.1. North America

10.2.2. Europe

10.2.3. Asia Pacific

10.2.4. Middle East and Africa

10.2.5. Latin America

 

11. North America On-Board Battery Charger Market: Estimates & Forecast Trend Analysis

11.1. North America On-Board Battery Charger Market Assessments & Key Findings

11.2. North America On-Board Battery Charger Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. North America On-Board Battery Charger Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

11.3.1. By Current Type

11.3.2. By Power Output

11.3.3. By Vehicle Type

11.3.4. By Propulsion Type

11.3.5. By Sales Channel

11.3.6. By Major Country

11.3.6.1. The U.S.

11.3.6.2. Canada

 

12. Europe On-Board Battery Charger Market: Estimates & Forecast Trend Analysis

12.1. Europe On-Board Battery Charger Market Assessments & Key Findings

12.2. Europe On-Board Battery Charger Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Europe On-Board Battery Charger Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Current Type

12.3.2. By Power Output

12.3.3. By Vehicle Type

12.3.4. By Propulsion Type

12.3.5. By Sales Channel

12.3.6. By Major Country

12.3.6.1. Germany

12.3.6.2. The U.K.

12.3.6.3. France

12.3.6.4. Italy

12.3.6.5. Spain

12.3.6.6. Rest of Europe (includes all other European countries)

 

13. Asia Pacific On-Board Battery Charger Market: Estimates & Forecast Trend Analysis

13.1. Asia Pacific On-Board Battery Charger Market Assessments & Key Findings

13.2. Asia Pacific On-Board Battery Charger Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Asia Pacific On-Board Battery Charger Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

13.3.1. By Current Type

13.3.2. By Power Output

13.3.3. By Vehicle Type

13.3.4. By Propulsion Type

13.3.5. By Sales Channel

13.3.6. By Major Country

13.3.6.1. China

13.3.6.2. Japan

13.3.6.3. India

13.3.6.4. ASEAN

13.3.6.5. South Korea

13.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

14. Middle East & Africa On-Board Battery Charger Market: Estimates & Forecast Trend Analysis

14.1. Middle East & Africa On-Board Battery Charger Market Assessments & Key Findings

14.2. Middle East & Africa On-Board Battery Charger Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3. Middle East & Africa On-Board Battery Charger Market Size Estimates and Forecast (US$ Million) (2022 To 2033)

14.3.1. By Current Type

14.3.2. By Power Output

14.3.3. By Vehicle Type

14.3.4. By Propulsion Type

14.3.5. By Sales Channel

14.3.6. By Major Country

14.3.6.1. GCC

14.3.6.2. South Africa

14.3.6.3. Egypt

14.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

15. Latin America On-Board Battery Charger Market: Estimates & Forecast Trend Analysis

15.1. Latin America Market Assessments & Key Findings

15.2. Latin America On-Board Battery Charger Market Share (%) Estimates and Forecasts, 2022 & 2033

15.3. Latin America On-Board Battery Charger Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

15.3.1. By Current Type

15.3.2. By Power Output

15.3.3. By Vehicle Type

15.3.4. By Propulsion Type

15.3.5. By Sales Channel

15.3.6. By Major Country

15.3.6.1. Brazil

15.3.6.2. Mexico

15.3.6.3. Rest of Latin America (includes all other Latin America countries)

 

16. Competitive Landscape

16.1. On-Board Battery Charger Market Revenue Share Analysis (%), By Major Players (2021)

16.2. On-Board Battery Charger Market Competition Matrix, By Leading Players

16.3. On-Board Battery Charger List of Emerging, Prominent & Leading Players

16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.

 

17. Company Profiles

17.1. Bel Fuse Inc

17.1.1. Company Overview & Insights

17.1.2. Financial Performance

17.1.3. Product / Service Portfolio

17.1.4. Geographical Footprint & Share

17.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

17.2. Delta Energy Systems

17.3. STMicroelectronics

17.4. Toyota Industries Corporation

17.5. Eaton

17.6. Stercom Power Solutions GmbH

17.7. innolectric AG

17.8. BRUSA Elektronik AG

17.9. AVID Technology Limited

17.10. Ficosa Internacional SA

17.11. Xepics Italia SRL

17.12. Delphi Technologies

17.13. AVID Technology Limited

17.14. Mitsubishi Electric Corporation

17.15. Silicon Laboratories

17.16. VisIC Techologies Ltd

17.17. Analog Devices, Inc

17.18. Infineon Technologies AG

17.19. NXP Semiconductors N.V

17.20. Others

 

18. Assumptions and Research Methodology

18.1. Data Mining

18.2. Secondary Research

18.3. Primary Research

18.4. Subject Matter Expert Advice

18.5. Quality Check

18.6. Final Review

18.7. Data Triangulation

18.8. Bottom-Up Approach

18.9. Top Down Approach

18.10. Research Flow

18.11. Key Insights from Industry Experts

18.12. Data Sources

18.13. Assumptions

18.14. Limitations

 

19. Conclusions and Recommendations

19.1. Key Research Findings and Conclusion

19.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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