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
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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).
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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
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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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