The On-Board Charger Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the On-Board Charger Market?
The size of the on-board charger market has seen a swift expansion in previous years. From 2024 to 2025, the market is projected to increase from $5.05 billion to $5.96 billion, exhibiting a compound annual growth rate (CAGR) of 18.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the On-Board Charger Industry?
The On-Board Charger market is projected to reach $11.67 billion by 2029, with a compound annual growth rate (CAGR) of 18.3%.
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What are the Key Growth Drivers Fueling the On-Board Charger Market?
The key drivers in the on-board charger market are:
• Rising consumer demand for electric vehicles
• Advancements in sustainable practices in the automotive industry
• Increase in the need for faster charging solutions
• Expansion of electric vehicle fleets.
Global Market Segmentation: Identifying Major On-Board Charger Industry Segments
The on-board charger market covered in this report is segmented –
1) By Power Output: Below 7.2 kW, 7.2 kW–15 kW, Above 15 kW
2) By Sales Channel: Original Equipment Manufacturer (OEM), After market
3) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)
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What are the Emerging Trends Shaping the Future of the On-Board Charger Market?
The key trends in the container fleet market are:
• The development and installation of high-power charging stations is a notable trend.
• An increase in the EV charging infrastructure is being seen as a major movement.
• Technological advancements directly pertaining to the industry are shaping the future of the market.
• The improvement and evolution of battery technology is a significant emerging trend.
Who Are the Top Competitors & Leading Players in the On-Board Charger Market?
Major companies in the on-board charger market are:
• Delta Energy Systems Corp.
• Toyota Motor Corporation
• Eaton Corporation
• STMicroelectronics NV
• Stercom Power Solutions GmbH
• BorgWarner Inc.
• Ficosa Corporation
• LG Electronics Ltd.
• BYD Co. Ltd.
• Tesla Corp.
• AVID Technology Limited
• Bel Fuse Inc.
• BRUSA Elektronik AG
• Siemens AG
• Innolectric AG
• Current Ways
• Yazaki Corporation
• Aptiv Global Operations Limited
• Hyundai Mobis Co. Ltd.
• Mitsubishi Electric Corporation
• Infineon Technologies AG
• Xepics Italia SRL
• Hangzhou Aodi Electronic Control Co. Ltd.
• Meta Systems S.p.A.
• Leopold Kostal GmbH Co.
• Dilong Technology Co. Ltd.
• ClipperCreek Inc.
• Schneider Electric SE
• Signet Systems Inc.
• Tritium Pty Ltd.
Regional Dominance: Which Area Leads the Global On-Board Charger Market?
Asia-Pacific was the largest region in the on-board charger market in 2024
