On-Board Charger Market Report 2026

The on-board charger market size has grown rapidly in recent years. It will grow from $5.87 billion in 2025 to $6.92 billion in 2026 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to initial use in passenger BEVs, deployment in commercial PHEVs, reliance on home AC chargers, early integration with vehicle management systems, adoption in fleet electrification projects.

The on-board charger market size is expected to see rapid growth in the next few years. It will grow to $13.23 billion in 2030 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to increasing EV penetration, development of ultra-fast charging solutions, integration with renewable energy sources, adoption in fleet and commercial EVs, enhancement of energy management and grid interaction. Major trends in the forecast period include development of high-efficiency on-board chargers, integration of smart charging solutions, expansion of ev charging infrastructure, implementation of ac/dc fast chargers, adoption of IoT-connected charging systems.

The on-board charger market is anticipated to experience growth due to the rising investment in charging infrastructure. Charging infrastructure, encompassing charging stations and equipment for recharging electric vehicles, plays a critical role in boosting consumer confidence and promoting the adoption of electric vehicles. The National Renewable Energy Laboratory (NREL) reported in June 2023 that a projected capital investment of $53-127 billion by 2030 will support 33 million plug-in electric vehicles (PEVs), with substantial funds allocated for accessible Level 1 and Level 2 charging ports. As the investment in charging infrastructure continues to rise, it is expected to fuel the growth of the on-board charger market.

Companies in the on-board charger market are developing innovative products such as high-tech 20 kW chargers to gain a competitive advantage and enhance their product offerings. A 20 kW on-board charger is an advanced electrical component designed for commercial electric vehicles, providing full power output with single-phase input and offering the potential for bi-directional charging. For example, in April 2023, Coulomb Solutions Inc. (CSI), a US-based electrification solution provider, introduced a cutting-edge 20 kW on-board charger designed for commercial electric vehicles. This proprietary charger delivers full power output using single-phase input, a distinctive feature compared to the three-phase standard in Europe and China. CSI’s design is cost-effective and eliminates the need for multiple unit stacking or complex configurations, reducing high-voltage cabling and associated costs while minimizing overall footprint and weight.

In June 2023, BorgWarner Inc., a U.S.-based provider of automotive propulsion systems and power electronics, acquired the electric hybrid systems business segment of Eldor Corporation for €75 million (approximately US $80 million). Through this acquisition, BorgWarner sought to strengthen its EV on-board charger (OBC) and high-voltage power electronics portfolio by incorporating compact 400 V and 800 V charging systems. Eldor Corporation is an Italy-based manufacturer of on-board chargers, DC/DC converters, and integrated high-voltage power electronics.

Major companies operating in the on-board charger market are Delta Energy Systems Corp., Toyota Motor Corporation, Eaton Corporation, STMicroelectronics NV, Stercom Power Solutions GmbH, BorgWarner Inc., LG Electronics Ltd., BYD Co. Ltd., Tesla Corp., Bel Fuse Inc., BRUSA Elektronik AG, Siemens AG, Innolectric AG, Yazaki Corporation, Aptiv Global Operations Limited, HyundAI Mobis Co. Ltd., Mitsubishi Electric Corporation, Infineon Technologies AG, Hangzhou Aodi Electronic Control Co. Ltd., Leopold Kostal GmbH Co., Dilong Technology Co. Ltd., Schneider Electric SE.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the on-board charger market by raising the costs of imported semiconductor devices, power modules, and electronic components used in EV and PHEV chargers. Automotive manufacturers and aftermarket suppliers in Europe, North America, and Asia-Pacific are most affected due to dependency on imported components. Nonetheless, tariffs are encouraging domestic production, regional sourcing, and innovations in smart and fast-charging solutions, ultimately enhancing supply chain resilience and EV adoption.

The on-board charger market research report is one of a series of new reports that provides on-board charger market statistics, including on-board chargers industry global market size, regional shares, competitors with an on-board charger market share, detailed on-board charger market segments, market trends and opportunities, and any further data you may need to thrive in the on-board chargers industry. This on-board charger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An on-board charger (OBC) is a device or energy supply system designed for electric vehicles (EVs) or hybrid electric vehicles (HEVs) to charge their traction batteries. The primary function of the on-board charger is to facilitate the transfer and management of electricity from the power grid to the vehicle's battery. This allows the battery to be recharged from AC mains at home or from outlets at private or public charging stations, providing a constant current or voltage during the charging process.

The main power outputs of on-board chargers are categorized as below 7.2 kW, 7.2 kW-15 kW, and above 15 kW. On-board chargers with outputs below 7.2 kW are capable of being directly plugged into a car through a wall socket. These chargers are distributed through original equipment manufacturers (OEMs) and aftermarket sales channels, catering to both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).Asia-Pacific was the largest region in the on-board charger market in 2025. The regions covered in the on-board charger market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the on-board charger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The on-board charger market consists of sales of one-phase, two-phase, and three-phase on-board chargers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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