Us EV On Board Battery Charger Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
EV On Board Battery Charger Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 10.9 Billion by 2030, growing at a CAGR of 19.0% from 2024 to 2030.
The US EV On-Board Battery Charger Market is witnessing remarkable growth, fueled by the accelerating adoption of electric vehicles (EVs) and the continuous advancements in charging technology. As automakers pivot to more sustainable and eco-friendly vehicles, on-board chargers (OBCs) are playing a crucial role in ensuring EVs can charge efficiently at home or at public charging stations. This demand is further heightened by the rise in EV sales, which grew by 72% in the last year alone.
The on-board charger acts as the heart of an electric vehicle's charging system, converting AC (alternating current) from the grid to DC (direct current) to charge the battery. With the push towards faster charging solutions and improved energy efficiency, OBC technology has become increasingly sophisticated. Companies in the US market are now exploring options to integrate bidirectional charging, which allows EVs not only to charge but also to supply energy back to the grid, providing additional value to consumers and utilities.
In the US, the demand for faster charging times is driving the market for high-power on-board chargers. One of the key features influencing consumer choices is the speed at which their vehicle can charge. Modern EVs now include chargers capable of supporting 11 kW, 22 kW, and even higher power outputs, dramatically reducing charging time compared to older models. As a result, electric vehicle manufacturers are racing to enhance their OBCs to keep up with evolving consumer expectations.
With competition in the US EV market intensifying, companies like Tesla, Rivian, and Lucid Motors are leveraging cutting-edge technologies, including the integration of fiber optic networks for faster data transmission. A relevant example here is the increasing use of 100 Gigabit Fiber Optic Transceiver Market technology, which is transforming communication and charging infrastructure to provide seamless and ultra-fast charging experiences.
As the US EV On-Board Battery Charger Market continues to expand, the intersection of electric vehicle innovation and fast-charging infrastructure will be crucial in ensuring that EV owners can enjoy a reliable, efficient, and eco-friendly experience on the road.
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BorgWarner
Bosch
Eaton
Ficosa International
Infineon
STMicroelectronics
Toyota Industries
Valeo Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global EV On Board Battery Charger Market
Level 1 Chargers
Level 2 Chargers
DC Fast Chargers
Bidirectional Chargers
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Commercial Electric Vehicles (CEVs)
Two-Wheelers
Wired Charging
Wireless Charging
Portable Chargers
Stationary Chargers
Up to 3.7 kW
7.2 kW
22 kW
Over 50 kW
Residential Users
Commercial Fleets
Public Charging Stations
Government and Municipalities
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global EV On Board Battery Charger Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global EV On Board Battery Charger Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global EV On Board Battery Charger Market, By Type
6. Global EV On Board Battery Charger Market, By Application
7. Global EV On Board Battery Charger Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global EV On Board Battery Charger Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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