Home / Automotive & Transportation / Electric Vehicle On-board Charger (OBC) Market by Vehicle Type (Passenger Cars, LCV, HCV) by Current Type (AC, DC) by Propulsion Type (BEV, HEV, PHEV): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Vehicle On-board Charger (OBC) Market by Vehicle Type (Passenger Cars, LCV, HCV) by Current Type (AC, DC) by Propulsion Type (BEV, HEV, PHEV): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: Jun 2021 | Report Code: 60395-06-21

The Electric Vehicle On-board Charger (OBC) Market is expected to cross market value of USD 12,888.6 million in 2027 from USD 2,780 million in 2020. It is expected to grow at a CAGR of over 24.3% during the forecast period.

Key Market Drivers and Restraints

Growing penetration of electric vehicles is a key factor driving growth of the global market. Rapidly improving battery technology and electric grid automation is improving performance of electric vehicle and aids in lightweight vehicle construction, resultant in growing adoption of EV in developing and developed countries is projected to create high demand for Electric Vehicle On-board Charger (OBC) Market. Furthermore, increasing government expenditure on infrastructure development of electric charging and rising disposable income are factors expected to support growth of the global market.

However, limited charging stations is a key factor limiting growth of the global market. In addition, lack of standardization required for electric vehicle is another factor expected to challenge growth of the global market to certain extent.

Impact of COVID 19

As a result of the COVID-19 outburst, electric vehicle development is serious to achieve the sustainable areas, and carries challenges to the complete industry. Also, it has reduced EV sales in the short-range, but may stimulate upcoming electric vehicle demand for large electric vehicles with improved performance. In the meantime, travel limitations caused by COVID-19 have interrupted electric vehicle material supplies that depend on imports, fast-tracking domestic additional exploitation and inventory improvement for serious parts. Moreover, huge lockdowns for monitoring COVID-19 have disrupted operations and productions, which inclines to expel small brands out of the competitive market.

Lastly, the social distancing inclination after pandemic is carrying challenges to outdated electric vehicle Propulsion Types, forceful automakers to develop advanced online selling channels.

North America to Dominate the global Electric Vehicle On-board Charger (OBC) Market

The global Electric Vehicle On-board Charger (OBC) Market covers the six regions, namely North America, Asia Pacific, Europe, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. North America market is projected to account for high revenue share in the global market due to higher adoption of EVs in the countries in the region. The Asia Pacific market is projected to register highest growth rate in the target market, increasing adoption of EV, coupled with increasing number of commercial EVs in countries in the region.

Global Electric Vehicle On-board Charger (OBC) Market is led by the AC

AC and DC are the key current in the Electric Vehicle On-board Charger (OBC) Market. In 2020, AC segment is accounted for the largest share of Electric Vehicle On-board Charger (OBC) Market. However, DC segment is anticipated to grow at the fastest CAGR during the forecast period.

Passenger Cars would continue to dominate the global Electric Vehicle On-board Charger (OBC) Market in terms of Vehicle Type

Passenger Cars, LCV, and HCV are some of the major types of Vehicle Type. Passenger Cars segment accounted for the largest share in 2020 of the Electric Vehicle On-board Charger (OBC) Market in 2020.

Frequently asked questions about global Electric Vehicle On-board Charger (OBC) Market

  • What are the consequences of COVID 19 on global Electric Vehicle On-board Charger (OBC)?
    Ans: The sales of electric vehicle on board chargers have been dropped, due to decrease demand for electric vehicles
  • Which are the key Vehicle Types through Electric Vehicle On-board Charger (OBC)?
    Ans: Passenger Cars and LCV are the most frequently through Electric Vehicle On-board Charger (OBC)
  • Which is the key Current Type through which Electric Vehicle On-board Charger (OBC) occurs?
    Ans: AC is the most Current Type in Electric Vehicle On-board Charger (OBC)
  • Who are the key players in the global Electric Vehicle On-board Charger (OBC)?
    Ans: Delphi Technologies, Infineon Technologies AG, Bel Power solution, Toyota Industries Corporation, BRUSA Elektronik AG, Current Ways Inc are key players operating in this market
  • Which is the fastest growing Propulsion Type segment for global Electric Vehicle On-board Charger (OBC)?
    Ans: BEV Propulsion Type offers tremendous opportunities to players
  • Which is the leading regional market for global Electric Vehicle On-board Charger (OBC)?
    Ans: North America has the largest share in the global Electric Vehicle On-board Charger (OBC) market, due to increasing adoption of onboard chargers in this region
  • What will be the CAGR (2021 - 2027) of in global Electric Vehicle On-board Charger (OBC)?
    Ans: The market is anticipated to grow at a CAGR of 24.3% throughout the forecast period
  • Which are the major factors driving the growth of global Electric Vehicle On-board Charger (OBC)?
    Ans: Increasing government initiatives for growth of electric vehicle charging setup is a factor expected to drive the growth of the Electric Vehicle (EV) on board charger market

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle On-board Charger (OBC) Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Electric Vehicle On-board Charger (OBC) Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Vehicle Type
3.3.2.Current Type
3.3.3.Propulsion Type
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle On-board Charger (OBC) Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Passenger Cars
6.2.3.LCV
6.2.4.HCV
6.3.North America Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.AC
6.3.3.DC
6.4.North America Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.BEV
6.4.3.HEV
6.4.4.PHEV

7.Europe
7.1.Europe Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Passenger Cars
7.2.3.LCV
7.2.4.HCV
7.3.Europe Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.AC
7.3.3.DC
7.4.Europe Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.BEV
7.4.3.HEV
7.4.4.PHEV

8.Asia Pacific
8.1.Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Passenger Cars
8.2.3.LCV
8.3.Asia Pacific Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.AC
8.3.3.DC
8.4.Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.BEV
8.4.3.HEV
8.4.4.PHEV

9.Latin America
9.1.Latin America Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Passenger Cars
9.2.3.LCV
9.2.4.HCV
9.3.Latin America Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.AC
9.3.3.DC
9.4.Latin America Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.BEV
9.4.3.HEV
9.4.4.PHEV

10.Middle East
10.1.Middle East Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Passenger Cars
10.2.3.LCV
10.2.4.HCV
10.3.Middle East Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.AC
10.3.3.DC
10.4.Middle East Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.BEV
10.4.3.HEV
10.4.4.PHEV

11.Africa
11.1.Africa Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Passenger Cars
11.2.3.LCV
11.3.Africa Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.AC
11.3.3.DC
11.4.Africa Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.BEV
11.4.3.HEV
11.4.4.PHEV

12.Global
12.1.Global Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Passenger Cars
12.1.3.LCV
12.1.4.HCV
12.2.Global Electric Vehicle On-board Charger (OBC) Market, By Current Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.AC
12.2.3.DC
12.3.Global Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.BEV
12.3.3.HEV
12.3.4.PHEV

13.Company Profiles
13.1.Delphi Technologies
13.2.Infineon Technologies AG
13.3.Bel Power solution
13.4.Toyota Industries Corporation
13.5.BRUSA Elektronik AG
13.6.Current Ways Inc
13.7.Innoelectric GmbH
13.8.Eaton Corporation
13.9.Stercom Power Solutions GmbH
13.10.Xepics Italia SRL

List of Figures
FIG. 1Global Electric Vehicle On-board Charger (OBC) Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Electric Vehicle On-board Charger (OBC) Market Segmentation
FIG. 4Global Electric Vehicle On-board Charger (OBC) Market, by Product, 2019 (US$ Bn)
FIG. 5Global Electric Vehicle On-board Charger (OBC) Market, by End-user, 2019 (US$ Bn)
FIG. 6Global Electric Vehicle On-board Charger (OBC) Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Electric Vehicle On-board Charger (OBC) Market Manufacturers, 2019
FIG. 9Global Electric Vehicle On-board Charger (OBC) Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)
FIG. 10Global Electric Vehicle On-board Charger (OBC) Market, by Metal 1, Value, 2015-2027 (US$ Bn)
FIG. 11Global Electric Vehicle On-board Charger (OBC) Market, by Metal 2, Value, 2015-2027 (US$ Bn)
FIG. 12Global Electric Vehicle On-board Charger (OBC) Market, by Metal 3, Value, 2015-2027 (US$ Bn)
FIG. 13Global Electric Vehicle On-board Charger (OBC) Market, by Metal 4, Value, 2015-2027 (US$ Bn)
FIG. 14Global Electric Vehicle On-board Charger (OBC) Market, by Metal 5, Value, 2015-2027 (US$ Bn)
FIG. 15Global Electric Vehicle On-board Charger (OBC) Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16Global Electric Vehicle On-board Charger (OBC) Market Value Contribution, By Current Type, 2019 & 2027 (Value %)
FIG. 17Global Electric Vehicle On-board Charger (OBC) Market, by Process 1, Value, 2015-2027 (US$ Bn)
FIG. 18Global Electric Vehicle On-board Charger (OBC) Market, by Process 2, Value, 2015-2027 (US$ Bn)
FIG. 19Global Electric Vehicle On-board Charger (OBC) Market, by Process 3, Value, 2015-2027 (US$ Bn)
FIG. 20U.S. Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 21Rest of North America Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 22U.K. Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 23Germany Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 24France Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 25Rest of Europe Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 26Japan Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 27China Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 28India Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 29Rest of Asia Pacific Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 30Middle East & Africa Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)
FIG. 31Latin America Electric Vehicle On-board Charger (OBC) Market, 2015-2027 (US$ Bn)

List of Tables
TABLE 1Market Snapshot: Global Electric Vehicle On-board Charger (OBC) Market
TABLE 2Global Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 3Global Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 4Global Electric Vehicle On-board Charger (OBC) Market, by Propulsion Type, 2015-2027 (US$ Bn)
TABLE 5Global Electric Vehicle On-board Charger (OBC) Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6North America Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 7North America Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 8North America Electric Vehicle On-board Charger (OBC) Market, by Country, 2015-2027 (US$ Bn)
TABLE 9Europe Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 10Europe Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 11Europe Electric Vehicle On-board Charger (OBC) Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Electric Vehicle On-board Charger (OBC) Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 15Latin America Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 16Latin America Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 17Latin America Electric Vehicle On-board Charger (OBC) Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18Middle East Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 19Middle East Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 20Middle East Electric Vehicle On-board Charger (OBC) Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 21Africa Electric Vehicle On-board Charger (OBC) Market, by Vehicle Type, 2015-2027 (US$ Bn)
TABLE 22Africa Electric Vehicle On-board Charger (OBC) Market, by Current Type, 2015-2027 (US$ Bn)
TABLE 23Africa Electric Vehicle On-board Charger (OBC) Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 24Delphi Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25Infineon Technologies AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Bel Power solution,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27Toyota Industries Corporation,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28BRUSA Elektronik AG,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Current Ways Inc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30, Innoelectric GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31Eaton Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32Stercom Power Solutions GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Xepics Italia SRL: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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