Description
Onboard Chargers for EVs Market Overview
The Onboard Chargers for EVs Market is projected to be valued at $7.43 billion in 2024, grow to $8.44 billion in 2025, and further expand to approximately $26.38 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 13.50% from 2025 to 2034.
The market for onboard chargers for EVs is rapidly expanding as more and more consumers make the switch to electric vehicles. With advancements in technology and increased awareness of the environmental benefits of EVs, the demand for efficient and reliable charging solutions has never been higher. Onboard chargers are compact and lightweight devices that are installed directly into the vehicle, allowing drivers to charge their EVs wherever there is a power source available. This eliminates the need for bulky external chargers and makes charging on the go a breeze.
One of the key advantages of onboard chargers for EVs is their versatility. These chargers can be used with a variety of power sources, including standard home outlets and public charging stations, making them convenient for drivers with different charging needs. Additionally, onboard chargers are designed to optimize charging times, allowing EV owners to quickly and easily power up their vehicles and get back on the road. With the increasing availability of fast-charging stations, onboard chargers are becoming even more essential for EV owners looking to minimize charging times.
Another important factor driving the market for onboard chargers is the emphasis on energy efficiency and sustainability. These chargers are designed to maximize energy transfer while minimizing waste, making them an eco-friendly choice for environmentally conscious consumers. By using onboard chargers for EVs, drivers can reduce their carbon footprint and contribute to a greener future. Additionally, many onboard chargers are equipped with smart technology that allows users to monitor and track their charging habits, helping them make more informed decisions about their energy usage.
Onboard Chargers for EVs Market Dynamics
Drivers
One of the main drivers of the EV market’s growth is increasing awareness of the environmental impact of traditional gasoline-powered vehicles. Consumers are becoming more conscious of their carbon footprint and are opting for cleaner, greener transportation options. This shift in consumer behavior has led to a surge in demand for EVs, driving the need for onboard chargers.
Restraints
Despite the growing popularity of EVs, there are still some challenges that need to be addressed. One of the main restraints is the limited availability of charging stations, especially fast chargers. This can be a deterrent for consumers who are concerned about the convenience of charging their vehicles on the go. Additionally, the cost of onboard chargers and their installation can be a barrier for some consumers.
Challenges
One of the main challenges facing the EV industry is the need for standardization of charging infrastructure. With multiple types of chargers available on the market, interoperability can be an issue, making it difficult for consumers to find compatible charging stations. This lack of standardization can create confusion and inconvenience for EV owners.
Opportunities
Despite the challenges, there are also many opportunities for growth in the EV market. As technology continues to advance, onboard chargers are becoming more efficient and affordable. Companies are investing in research and development to create innovative charging solutions that address the needs of consumers. Additionally, government incentives and initiatives are helping to drive adoption of EVs, creating a supportive environment for the industry to thrive.
List of Key Players
- Bel Power Solutions
- Delta Electronics Inc.
- Lester Electrical
- STMicroelectronics
- TDK Corporation
- Texas Instruments
- Innolectric AG
- Siemens AG
- Robert Bosch GmbH
- AVID Technology Limited
- Infineon Technologies AG
- DENSO Corporation
- Toyota Industries Corporation
- BRUSA Elektronik AG
- Valeo Group
- Eaton Corporation
- Schaffner Holding AG
- Zhejiang Founder Motor Co., Ltd.
- Continental AG
- BYD Company Limited
Recent Developments:
Infineon & Academia – May 2025
Researchers from Silicon Austria Labs (SAL) and ETH Zurich, in collaboration with Infineon Technologies, unveiled V2G-capable onboard charger designs using wide-bandgap (SiC and GaN) semiconductors. The prototypes include a single-phase 7 kW charger with ~3 kW/l power density (>97% efficiency) and a three‑phase 11 kW air-cooled variant for industrial vehicles.
Texas Instruments & Delta Electronics – 21 June 2025
TI and Delta expanded their long-term lab collaboration to co-develop next-gen onboard chargers, targeting an ultra-efficient 11 kW OBC with ~95% efficiency and 30% reduction in size. The design leverages TI’s C2000™ microcontrollers, GaN-based components, and automotive-grade safety (ASIL‑D) compliance.
Infineon & Tata Elxsi – 18 June 2025
Infineon partnered with Tata Elxsi to accelerate EV innovation in the Indian market. Their roadmap includes developing bi‑directional onboard chargers, scalable BMS, and high‑voltage inverters for two‑, three‑, commercial, and passenger EVs, tailored to local safety and ASIL‑D standards.
Onboard Chargers for EVs Market Segmentation
By Power Output:
- Up to 3.3 kW
- 3–7.2 kW
- 2–11 kW
- Above 11 kW
By Propulsion Type:
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Electric Vehicles (FCEVs)
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Electric Buses
- Two- and Three-Wheelers
By Charging Type:
- Single-Phase Charging
- Three-Phase Charging
By Mounting Location:
- Onboard Integrated
- Onboard Standalone
By Sales Channel:
- OEMs
- Aftermarket
Regional Market Insights: A Breakdown by Region
North America
- North America stands as a key market for onboard chargers for EVs, with a high adoption rate of electric vehicles in countries like the United States and Canada.
- The presence of a well-established charging infrastructure further boosts the demand for advanced onboard chargers that offer fast and reliable charging capabilities.
- Leading automotive manufacturers in North America are investing heavily in research and development to enhance onboard charger technology, catering to the growing needs of EV users.
Europe
- Europe has emerged as a hub for electric vehicles, with countries like Norway and Germany leading the way in EV adoption.
- Stringent regulations and incentives from governments have propelled the demand for onboard chargers with features like bidirectional charging and smart connectivity.
- The European market for onboard chargers is witnessing rapid advancements in technology, with companies focusing on developing compact and powerful chargers for electric vehicles.
Asia Pacific
- The Asia Pacific region showcases immense potential for the growth of onboard chargers for EVs, driven by countries like China and Japan at the forefront of EV innovation.
- Advancements in battery technology and charging infrastructure have led to the adoption of fast-charging onboard chargers, catering to the needs of urban commuters.
- Market players in Asia Pacific are actively investing in developing high-power onboard chargers that offer efficient charging solutions for electric vehicles.
Target Audience
Electric Vehicle Manufacturers (OEMs)
Tier-1 Automotive Suppliers
Onboard Charger Manufacturers
Semiconductor and Power Electronics Companies
Charging Infrastructure Providers
EV Fleet Operators
Aftermarket Component Distributors
Automotive System Integrators
Battery Management System Developers
Government Agencies & Regulatory Bodies
EV Startups and Tech Innovators
Research Institutions and Universities
Environmental and Energy Policy Makers
