Global Electric Vehicle Onboard Charger (OBC) Market Projected To Hit USD 14.29 Billion By 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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The Report Will Include A Major Chapter

•          Patent Analysis
•          Regulatory Framework
•          Technology Roadmap
•          BCG Matrix
•          Heat Map Analysis
•          Price Trend Analysis
•          Investment Analysis

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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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Introspective Market Research is a globally trusted partner delivering comprehensive market research studies that provide businesses with invaluable insights and strategic guidance, facilitating informed decision-making. Our research approach encompasses an extensive range of primary and secondary sources, ensuring utmost accuracy. The study offers an in-depth analysis of the Electric Vehicle Onboard Charger (OBC) market ecosystem, examining the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies such as SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we provide a comprehensive understanding of the regulatory landscape and prevailing trends.

Study Objectives of this report are:

•          To study and analyze the global Electric Vehicle Onboard Charger (OBC) market size (value and volume) by company, key regions/countries, products and application, history data from 2017 to 2022, and forecast to 2030.
•          To understand the structure of Electric Vehicle Onboard Charger (OBC) market by identifying its various subsegments.
•          To share detailed information about the key factors influencing the growth of the market
•          Focuses on the key global Electric Vehicle Onboard Charger (OBC) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
•          To analyze the Electric Vehicle Onboard Charger (OBC) with respect to individual growth trends, future prospects, and their contribution to the total market.
•          To project the value and volume of Electric Vehicle Onboard Charger (OBC) submarkets, with respect to key regions (along with their respective key countries).
•          To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
•          To strategically profile the key players and comprehensively analyze their growth strategies.

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