Hybrid and Electric Vehicle On-Board Charger Market

By Vehicle;

Battery Electric Vehicles [BEVs], Plug-in Hybrid Electric Vehicles [PHEVs], Hybrid Electric Vehicles [HEVs] and Fuel Cell Electric Vehicles [FCEVs]

By Charging Power Output;

Low Power [Less Than 3.7 kW], Medium Power [3.7–22 kW], High Power [More Than 22 kW] and Ultra-Fast Charging [More Than 150 kW]

By Charger ;

On-Board Chargers [OBC], Off-Board Chargers, Inductive Chargers and DC Fast Chargers

By End User;

OEMs [Original Equipment Manufacturers], Fleet Operators, Individual Consumers and Commercial Users

By Component Type;

Power Electronics, Transformers, Connectors & Cables and Control Systems

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn065915749 Published Date: September, 2025 Updated Date: October, 2025

Hybrid and Electric Vehicle On-Board Charger Market Overview

Hybrid and Electric Vehicle On-Board Charger Market (USD Million)

Hybrid and Electric Vehicle On-Board Charger Market was valued at USD 18,182.17 million in the year 2024. The size of this market is expected to increase to USD 126,958.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 32.0%.


Hybrid and Electric Vehicle On-Board Charger Market

*Market size in USD million

CAGR 32.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)32.0 %
Market Size (2024)USD 18,182.17 Million
Market Size (2031)USD 126,958.90 Million
Market ConcentrationLow
Report Pages379
18,182.17
2024
126,958.90
2031

Major Players

  • Siemens AG
  • Bosch Automotive Service Solutions Inc.
  • ABB Ltd.
  • Delphi Technologies
  • Schaffner Holding AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hybrid and Electric Vehicle On-Board Charger Market

Fragmented - Highly competitive market without dominant players



The Hybrid and Electric Vehicle On-Board Charger Market is expanding rapidly as electric mobility adoption accelerates. Around 48% of EV buyers consider charging efficiency a decisive factor in their purchase. On-board chargers provide seamless and secure charging from multiple power sources, reinforcing their role as a critical component in both hybrid and electric vehicle growth.

Key Growth Drivers
The push for energy-efficient transportation and emission reduction is fueling strong demand for advanced on-board chargers. Close to 52% of EV manufacturers are equipping vehicles with enhanced chargers to meet modern expectations. These systems ensure faster energy conversion, optimized charging duration, and strict safety compliance, making them indispensable in today’s EV ecosystem.

Technological Advancements
Breakthroughs in semiconductor materials and power electronics are redefining charger performance. About 46% of newly developed chargers integrate silicon carbide-based designs, which significantly boost efficiency and reduce energy loss. These advancements not only improve charging reliability but also support the shift toward larger and higher-capacity EV batteries.

Adoption Trends
Growing awareness of eco-friendly mobility is driving higher integration of advanced chargers. More than 55% of the latest EV models come fitted with compact, lightweight, and versatile charging units. This trend highlights the rising demand for user-friendly charging technology compatible with diverse power infrastructures.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle
    2. Market Snapshot, By Charging Power Output
    3. Market Snapshot, By Charger
    4. Market Snapshot, By End User
    5. Market Snapshot, By Component Type
    6. Market Snapshot, By Region
  4. Hybrid and Electric Vehicle On-Board Charger Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements Driving Efficiency
        2. Rising Fuel Costs
        3. Consumer Demand Surge
        4. Improved Battery Technology
        5. Enhanced Charging Speeds
      2. Restraints
        1. High Initial Costs
        2. Limited Charging Infrastructure
        3. Range Anxiety
        4. Long Charging Times
        5. Compatibility Issues
      3. Opportunities
        1. Partnership and Collaborations
        2. Advancements in Battery Technology
        3. Wireless Charging Solutions
        4. Increasing Urbanization
        5. Growth of Electric Vehicle Fleets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Market, By Vehicle, 2021 - 2031 (USD Million)
      1. Battery Electric Vehicles [BEVs]
      2. Plug-in Hybrid Electric Vehicles [PHEVs]
      3. Hybrid Electric Vehicles [HEVs]
      4. Fuel Cell Electric Vehicles [FCEVs]
    2. Market, By Charging Power Output, 2021 - 2031 (USD Million)
      1. Low Power [Less Than 3.7 kW]
      2. Medium Power [3.7–22 kW]
      3. High Power [More Than 22 kW]
      4. Ultra-Fast Charging [More Than 150 kW]
    3. Market, By Charger, 2021 - 2031 (USD Million)
      1. On-Board Chargers [OBC]
      2. Off-Board Chargers
      3. Inductive Chargers
      4. DC Fast Chargers
    4. Market, By End User, 2021 - 2031 (USD Million)
      1. OEMs [Original Equipment Manufacturers]
      2. Fleet Operators
      3. Individual Consumers
      4. Commercial Users
    5. Market, By Component Type, 2021 - 2031 (USD Million)
      1. Power Electronics
      2. Transformers
      3. Connectors & Cables
      4. Control Systems
    6. Hybrid and Electric Vehicle On-Board Charger Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Eaton
      2. Toyota Industries
      3. STMicroelectronics
      4. Delta Energy Systems
      5. BRUSA Elektronik
      6. Innolectric
      7. Coulomb Solutions
      8. Ficosa
      9. Stercom Power Solutions
      10. Xepics
      11. Bel Fuse
      12. Valeo
      13. Kirloskar Electric
      14. Powell Industries
      15. ALFA Group
  7. Analyst Views
  8. Future Outlook of the Market