On-board Charger Market (2026 - 2033)

On-board Charger Market Summary

The global on-board charger market size was valued at USD 8.4 billion in 2025 and is projected to grow from USD 10.0 billion in 2026 to USD 32.8 billion by 2033, growing at a CAGR of 18.5% from 2026 to 2033. Asia Pacific dominated the market, accounting for a revenue share of 40.0% in 2025. The high cost of charging an electric vehicle at public charging stations is driving demand for on-board chargers.

The public chargers near highways, malls, and workplaces are subject to commercial electric rates, which are higher than residential rates. This creates the need for on-board chargers for electric vehicles. An on-board charger is used in an electric vehicle for charging the traction battery by converting the AC input received from the grid to the DC input required to charge the batteries.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

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The increase in the number of AC private and public charging stations worldwide is a major factor driving market growth. The AC level 1 on-board charger is deployed in all types of electric vehicles and can be plugged into ordinary power outlets. This type of charger is in demand among users because it does not require additional electrical work, thereby minimizing overall installation costs. Additionally, AC Level 2 charging stations are a major driver of market growth. For instance, in December 2024, EvoCharge, a US-based provider of electric vehicle supply equipment (EVSE) and cable management solutions, released its brand-new Commercial EVC50 Level 2 Electric Vehicle Charging Station in the USA.

Silicon carbide semiconductor technology is increasingly used in the manufacturing of on-board chargers, as it provides high power density with an efficiency exceeding 98%. Various companies are thereby increasing their focus on providing higher-power, more efficient silicon carbide on-board chargers, creating new opportunities for market growth. For instance, in August 2025, BRUSA HyPower, an on-board charger provider, announced the launch of OBC7 a 22-kW silicon carbide on-board charger with galvanic isolation and integrated DC charging management. This new charger is compatible with both 400 V and 800 V high-voltage battery systems.

The increasing deployment of electric charging stations worldwide is propelling the market growth. For instance, in February 2025, TATA.ev announced a plan to double the number of charging points in India to 400,000 by 2027, as part of its flagship initiative under Open Collaboration 2.0. On-board chargers are deployed in an electric vehicle that supports AC level 1 and level 2 charging. According to a study published by Idaho National Laboratory, 8% of Nissan Leaf charging is done through DC fast chargers, and the rest is done through AC level 1 and level 2 chargers.

The installation cost of an AC charging station is lower than that of a DC charging station. The average cost to install a level 2 residential charger is approximately USD 1,354, which includes upgraded electrical services required for older homes. Additionally, installing a workplace-level 2 charging station costs USD 2,223. However, installing a fast DC charger costs USD 22,626 and requires additional electrical services, which is why the demand for AC charging stations is increasing, ultimately accentuating market growth.

Analyst Perspective

The on-board charger market is experiencing steady growth, driven by rising consumer awareness of environmental pollution and resource scarcity, the growing demand for cost-effective electric vehicles, and increasing interest in sustainable transportation options. Companies are manufacturing on-board charger systems on a large scale for BEVS, PHEVS, and e-bikes. As demand for high-power-density, cost-effective, and sustainable transportation alternatives continues to rise, companies that focus on product innovation will be well-positioned to capitalize on long-term growth opportunities.

Power Output Insights

The less than 11kW segment dominated the market and accounted for more than 40.0% share of the global revenue in 2025. Most electric vehicles are expected to feature on-board chargers ranging from 6 kW to 11 kW in the coming years. According to statistics published by OpenSystems Media, approximately 98.2% of on-board chargers will be 6 kW to 11 kW rather than 3 kW to 5 kW in the coming years. At the same time, benefits offered by on-board chargers with less than 11 kW, such as increased charging efficiency and maximized performance, are expected to drive segment growth.

The 11 kW to 22 kW segment is anticipated to register significant growth over the forecast period. The 11-22 kW chargers are tri-phase AC chargers that charge an electric vehicle in two to four hours. A tri-phase AC charger is commonly used as a public charge point. According to statistics from Transport & Environment, 61% of European public chargers are tri-phase AC chargers.

Vehicle Type Insights

The passenger cars segment dominated the market, accounting for more than 54.0% of global revenue in 2025. The increasing sales of electric passenger cars globally are expected to create demand for on-board chargers. For instance, according to the report of EXportUSA in 2025, electric car sales in the U.S. reached approximately 1.7 million electric vehicles (EVs) in 2024, an increase of 21% compared to 1.4 million cars sold in 2023. This volume represented 10.2% of new EV registrations globally in the same year.

The buses segment is expected to register the fastest growth over the forecast period. An on-board charger is used in buses for converting the AC to DC for charging the battery. The increase in sales of zero-emission buses globally is expected to accentuate the segment growth. According to the statistics provided by Sustainable Bus, a web magazine focused on the electric buses market, by 2040, the sales of electric buses are expected to rise to 83%.

Propulsion Type Insights

The BEV segment dominated the market, accounting for more than 67.0% of global revenue in 2025. In a battery electric vehicle (BEV), propulsion is provided by a plug-in-charged battery. The rise in BEV vehicles is driving segment growth. Various companies, such as Tesla, Inc., Volkswagen, Audi, and Mercedes-Benz, have accounted for a large share of the BEV segment. In 2025, Audi delivered 223,000 BEVs globally, marking a 36% increase compared to 2024. Consistently growing BEV sales worldwide are expected to drive demand for on-board chargers for this segment.

The PHEV segment is expected to register the fastest growth over the forecast period. Various plug-in hybrid electric vehicle (PHEV) manufacturers are adopting on-board chargers with an output between 3 to 3.7 kW, which is driving the segment growth. Car models such as the Hyundai Sonata PHEV, Kia K5 PHEV, and Outlander PHEV use on-board chargers to charge their batteries. PHEVs are witnessing exponential growth worldwide. In January 2026, BYD SUV recorded 6,713 sales, giving its third consecutive monthly first-place finish in the European PHEV market as its share rose to 6.6%, followed by Jaecoo J7 (4166), and Volvo XC60 3619)

Regional Insights

The Asia Pacific on-board charger market dominated and accounted for more than 40.0% share of the global revenue in 2025. The growing demand for on-board chargers in the Asia Pacific is driven by the increasing adoption of EVs, expanding charging infrastructure, and the availability of renewable energy sources. As the region continues to prioritize sustainability and green technologies, demand for on-board chargers is likely to grow in the years to come. For instance, in 2026, Exicom Tele-Systems Limited opened its new EV charging and power-solution manufacturing facility in the southern Indian city of Hyderabad. Built with an investment of USD 23.4 million (INR 2.16 billion), the new manufacturing plant will support the rapidly growing demand for EV charging infrastructure, lithium-ion battery systems, and critical power solutions across the domestic and international markets. Such investments to promote the adoption of EV is expected to drive the demand for on-board chargers in the region.

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Europe On-board Charger Market Trends

The on-board charger market in Europe is expected to grow significantly over the forecast period. Players in Europe are continually expanding their EV offerings, thereby driving demand for on-board chargers. According to BMW's vision, the company plans to electrify its SUVs, sedans, and Mini vehicles in Europe by 2033. At the same time, an increase in subsidies for the purchase of electric vehicles is also a major factor driving market growth in the region. According to the International Energy Agency, European electric car sales reached approximately 4.2 million units in 2025, representing roughly one in three new cars sold. Around 260,000 new public charging points were added during the year, a year-on-year increase of approximately 20%. Such rapid EV infrastructure development and consistent growth in EV sales in the region are encouraging the market.

Key On-board Charger Companies Market Insights

The market is highly fragmented. It is characterized by a large number of players. The players in the market are focused on strategies such as mergers and acquisitions and partnerships for strengthening their offerings. The players in the market are also focusing on expanding their EV charging capabilities through partnerships. For instance, in June 2024, Texas Instruments partnered with Delta Electronics with an aim of developing next-generation electric vehicle (EV) onboard charging and power solutions. The partnership announced the development of the solution at a joint innovation laboratory in Pingzhen, Taiwan.

Key On-board Charger Market Companies

The following key companies have been profiled for the study on the on-board charger market:

• Bel Fuse Inc. 

• Delta Energy Systems

• STMicroelectronics

• Toyota Industries Corporation

• Eaton

• Stercom Power Solutions GmbH

• innolectric AG

• BRUSA Elektronik AG

• AVID Technology Limited

• Ficosa Internacional SA

Recent Developments

• In January 2025, MTA, a multinational company renowned for the development and production of a wide range of electrical and electronic products for the automotive world, announces the signing of the agreement for the acquisition of 60% of the shares of EFI Technology, an Italian company, global leader in the development and production of Powertrain Control Systems for both combustion and electric vehicles.

• In June 2026, Shell Recharge and SINEXCEL officially signed a Memorandum of Understanding (MoU) and inaugurated the Shell Recharge SINEXCEL Joint Laboratory in Shenzhen, marking a new milestone in their collaboration to advance next-generation EV charging technologies and sustainable energy

On-Board Charger Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global on-board charger market report based on power output, vehicle type, propulsion type, and region:

• Power Output Outlook (Revenue, USD Billion, 2021 - 2033)

  • Less than 11 kW

  • 11 kW to 22 kW

  • More than 22 kW

• Vehicle Type Outlook (Revenue, USD Billion, 2021 - 2033)

  • Passenger Car

  • Buses

  • Vans

  • Medium & Heavy Duty Vehicles

  • Boats

  • Others

• Propulsion Type Outlook (Revenue, USD Billion, 2021 - 2033)

  • Battery Electric Vehicle (BEV)

  • Plug-in Hybrid Electric Vehicle (PHEV)

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Kingdom of Saudi Arabia

    • UAE

    • South Africa