Asia Pacific BEV On-Board Charger Market Size - By Rating, By Current, Analysis, Share & Forecast, 2025 - 2034

Asia Pacific BEV On-Board Charger Market Size

The Asia Pacific BEV on-board charger market was valued at USD 11.9 billion in 2024 and is estimated to reach the value of USD 83.8 billion by 2034, growing at a CAGR of 20.8% from 2025 to 2034. Developing countries in the Asia-Pacific region are speeding up the use of battery electric vehicles (BEVs) with subsidies and tax breaks, encouraging car manufacturers to focus on electric models and increasing the need for efficient chargers. For instance, Shanghai's 2024 subsidy offers a one-time payment of USD 1,371 to people buying new electric cars when they replace or transfer their old vehicles.
 

The rapid growth of charging stations is reducing concerns about driving range, making BEVs more accessible and encouraging more people to buy them. This increase in charging facilities boosts the demand for reliable chargers supported by government efforts. E-Mobility Power now connects over 22,000 charging outlets, including fast chargers and regular ones, across highways, stores, dealerships, and public places. This expansion reduces areas with few charging options and pushes manufacturers to improve charger performance for both regular and fast charging.
 

Improvements in battery ability and charging speed are making BEVs more appealing to consumers, as they can now enjoy longer driving ranges and quicker charging times. High-performance batteries need compatible chargers, leading to upgrades in faster-charging solutions. For instance, the 2024 "Smart Mobility Society" project supports the development of advanced batteries. As battery technology advances, automakers are investing in chargers that can adjust to better charging capabilities.
 

Growing concerns about pollution and carbon emissions are shifting consumer preferences towards eco-friendly transportation. This trend is driving the demand for electric vehicles with faster charging capabilities, pushing the industry towards more sustainable practices. The Ministry of the Environment's 2024 project supports fleets of electric trucks and buses to cut transport emissions by 40% of the country's CO? output. This program requires vehicles to use reliable on-board chargers compatible with both depot-based and public fast-charging infrastructures.
 

President Trump implemented tariffs in April 2025, indicating, all imports are now subject to a tax of higher rates for specific countries. Manufacturers in the region now are dealing with inflated part prices, squeezing margins, and destabilizing supply chains reliant on global sourcing. This disruption pressures suppliers to shift toward localized or non-U.S. partners, though logistical delays and higher costs risk stalling innovation in charger efficiency and output.
 

Asia Pacific BEV On-Board Charger Market Trends

Demand for quicker charging is leading to the use of 11-22 kW chargers in electric vehicles. Car manufacturers are adding powerful chargers to reduce charging times, aligning with regional focus on electric vehicle performance and convenience. In India, the EV Handbook defines "normal power" AC charging for electric cars with larger chargers as up to 22 kW, needing three-phase AC chargers for passenger electric vehicles, following government advice for manufacturers to use more powerful chargers.
 

These chargers are increasingly compatible with solar and grid storage systems, improving charging efficiency and reducing dependence on traditional energy sources. This trend supports Asia Pacific's move towards sustainable energy, enabling smarter, greener charging solutions for electric vehicles. For instance, ARENA's Solar EV Pilot combined a rooftop solar panel system with a 22-kW charger, providing up to 8 kWh/day of solar energy for test vehicles.
 

Compact, efficient chargers are becoming popular as electric vehicle models focus on interior space and performance. Manufacturers are innovating to reduce size without sacrificing speed, appealing to city consumers. This shift towards smaller, more powerful chargers is essential for urban environments where space is limited. For instance, research funded by MOTIE resulted in a 22-kW charger prototype weighing 5.5 kg, which is 31% lighter than 2020 models and takes up 0.9 L, equal to 35% smaller.
 

Asia Pacific is investing in wireless charging technology to improve user convenience and remove bulky cables. Trials in China and Japan aim to eliminate cables, indicating a shift towards effortless electric vehicle charging experiences. In 2023, China's MIIT Interim Provisions require wireless chargers ≤22 kW to operate at 79–90 kHz and >22–120 kW at 19–21 kHz, standardizing receiver modules for manufacturers to develop, enabling trial deployments.
 

Asia Pacific BEV On-Board Charger Market Analysis

• The Asia Pacific market for BEV on-board charger was valued at USD 6.9 billion, USD 9.2 billion, and USD 11.9 billion in 2022, 2023 and 2024, respectively. The rating segments include 11kW, >11kW to 22kW, and >22kW.
   
• The 11kW segment was valued at USD 4.2 billion in 2024. These chargers are popular due to the rise of inexpensive electric vehicles and government incentives encouraging small electric cars, focusing on ease of use rather than fast charging. For instance, Bosch’s 7.2 kW Charger-Converter is often used in basic electric vehicles as part of India’s smart-charging programs, highlighting the widespread use of these chargers for budget-friendly electric cars.
   
• The >11kW to 22kW segment is estimated to grow at over 19.1% CAGR till 2034. They strike a balance between charging speed and cost, supported by the growth of fast-charging stations and home charging options. These chargers appeal to city dwellers looking for practicality and moderate charging speed. For instance, Brusa’s 22 kW on-board charger is part of India’s government-supported projects under the 2024 EV charging guidelines, showing the use of mid-power chargers in common applications.
   
• The >22kW segment is set to cross USD 1 billion by 2034. The demand is increasing due to improvements in battery technology and partnerships between car manufacturers and charging networks to support fast charging. For instance, China’s regulations from August 2023 set standards for inductive charging modules from 22 to 120 kW, allowing high-end electric cars to use ultra-fast chargers for advanced home charging programs.
   

• Based on current, the Asia Pacific BEV on-board charger market is segmented into AC and DC. The AC segment had a market revenue share of 57.7% in 2024. AC chargers are common in homes and businesses because they are affordable and work well with home systems.
   
• The AC segment is popular in countries including China and India for charging vehicles overnight. Government incentives for installing private chargers and the gradual increase in fast-charging options are boosting demand. For instance, in 2024, China built 9.924 million charging stations, with 6.874 million for private use, allowing people to charge at homes and workplaces overnight.
   
• The DC segment is anticipated to grow at a CAGR of over 21.3% till 2034. High-power DC chargers are used in public areas and along highways for quick charging. Partnerships between car manufacturers and energy companies are speeding up their installation to support long-distance travelers and commercial transport. For instance, in 2024, under the FAME II initiative, 2,636 city and 1,544 highway charging stations were approved, each needing at least one 30 kW fast charger, totaling over 4,180 fast chargers across the country.
   

• The China BEV on-board charger market in 2022, 2023 and 2024 was valued at USD 6.4 billion, USD 8.5 billion, and USD 11 billion, respectively. China is leading the electric vehicle market with strong financial support, expanding charging stations, and high production of electric cars.
   
• Demand is focused on chargers for city areas, while more powerful chargers are becoming popular for high-end models. Basic chargers are common at homes, while fast-charging stations are rapidly increasing in cities and highways. By 2024, China had built 10 million charging points, with a majority being home chargers and a growing number of fast chargers on highways.
   
• The Japan BEV on-board charger market is expected to grow at over 13.3% CAGR till 2034. Partnerships between automakers and energy companies are promoting fast charger installations for tourism and fleets. Hybrid cars and eco-friendly policies support home charger use. In 2023, Japan's highways had over 12,000 basic chargers and 8,000 fast chargers, indicating the use of small chargers in cities and significant fast charger expansion for tourism routes.
   
• The India on-board charger market is likely to exceed USD 6 billion by 2034. India prefers low-cost chargers due to affordability, supported by subsidies for small electric vehicles. The increasing use of electric two-wheelers and rural electrification programs boost demand for affordable charging solutions. In 2024, India identified over 16,000 public charging stations, with most offering basic charging options, driven by subsidies for small EVs and rural electrification.
   
• The South Korea market was valued at over USD 120 million in 2024. South Korea focuses on fast chargers for luxury electric cars and commercial use along with expanding the network to urban areas. Fast-charging routes and renewable energy are driving growth in the electric vehicle market in South Korea. In 2023, most of South Korea's public electric vehicle chargers were basic, with over half rated at higher power.
   
• The Australia market is expected to grow at over of 19.4% CAGR through 2034. Australia prioritizes fast chargers for long-distance electric vehicles and highway networks due to its vast geography. Slow public infrastructure growth encourages reliance on home charging, while tourism and rural electric vehicle adoption inspire innovation. Under a regional fast charger program, over 40 fast chargers will be installed across 25 regional sites by 2025, improving travel routes beyond the existing network.
   

Asia Pacific BEV On-Board Charger Market Share

The top 4 companies in the Asia Pacific BEV on-board charger industry are Delta Energy Systems, BorgWarner Inc., STMicroelectronics, and Toyota Industries Corporation. These companies collectively hold approximately 30% of the market share in the region. Their dominance is driven by their advanced technological innovations, extensive manufacturing capabilities, and strategic partnerships with major electric vehicle manufacturers.
 

Delta Energy Systems specializes in high-efficiency on-board chargers for BEVs, ranging from 3.7 kW to 22 kW, tailored for residential and commercial applications. In 2024, Delta launched its next-generation 11 kW on-board charger with bidirectional charging capabilities, supporting vehicle-to-grid (V2G) applications and enhancing energy efficiency by up to 96%. With a strong manufacturing base in China and Thailand, Delta uses its regional expertise and collaborations with automakers including BYD and Toyota.
 

Asia Pacific BEV On-Board Charger Market Companies

• BorgWarner Inc., based in the U.S., recorded revenues of USD 14.2 billion in 2024. A key player in automotive electrification, BorgWarner supplies high-power on-board chargers, including its 7.4 kW and 22 kW models, customized for fast and efficient BEV charging. In 2024, BorgWarner introduced a new silicon carbide (SiC)-based on-board charger, improving power density and reducing charging times by 15%.
   
• STMicroelectronics, headquartered in Switzerland, recorded revenue of USD 15.4 billion in 2024. A prominent semiconductor manufacturer, STMicroelectronics provides critical components including SiC MOSFETs and microcontrollers for BEV on-board chargers, enabling high-efficiency power conversion. In 2023, the company launched its Stellar E series of microcontrollers, designed specifically for EV powertrain and charging systems, improving charger reliability and integration.
   
• Toyota Industries Corporation, based in Japan, reported revenue of USD 23.6 billion in 2024. One of the major suppliers of automotive components, Toyota Industries develops compact on-board chargers for BEVs, focusing on lightweight designs and high durability. In 2024, the company introduced a 6.6 kW on-board charger with enhanced thermal management, tailored for Toyota’s electric vehicle lineup and other regional automakers.
   

Key market players operating across the Asia Pacific BEV On-board charger industry are:

• Alfanar Group
• AVID Technology Limited
• Bell Power Solution
• BorgWarner Inc.
• BRUSA Elektronik AG
• Current Ways Inc.
• Delphi Technologies
• Delta Energy Systems
• Eaton Corporation
• Ficosa International SA
• innolectric AG
• Kirloskar Electric Company
• Powell Industries
• Stercom Power Solutions GmbH
• STMicroelectronics
• Toyota Industries Corporation
• Valeo
• Xepics Italia SRL
   

Asia Pacific BEV On-Board Charger Industry News

• In March 2024, Ficosa International SA secured a supply order from a South Korean automaker to provide on-board chargers for their electric SUV lineup. The chargers, ranging from 7.4 kW to 11 kW, are designed for high durability and compatibility with fast-charging infrastructure. This order reinforces Ficosa’s role in the Asia Pacific BEV on-board charger market, particularly in South Korea’s competitive EV sector.
   
• In May 2024, Valeo announced a strategic partnership with a leading Chinese electric vehicle manufacturer to supply advanced on-board chargers for their next-generation BEVs. The collaboration focuses on integrating Valeo’s 7.4 kW and 11 kW on-board chargers, featuring silicon carbide technology for improved efficiency and reduced charging times.
   
• In October 2023, BRUSA Elektronik AG announced the expansion of its operations in China, setting up a new R&D and manufacturing facility in Shanghai to produce high-power on-board chargers for BEVs. The facility aims to meet the increasing demand for 22 kW chargers in the Chinese market, supporting both passenger and commercial vehicles.
   
• In November 2023, Eaton Corporation launched a new 6.6 kW on-board charger designed for compact BEVs in the Asia Pacific region. The charger incorporates advanced thermal management and is customized for residential charging, supporting the region’s growing urban EV adoption. This product launch enhances Eaton’s presence in the Asia Pacific market, addressing the demand for affordable and efficient charging solutions.
   

This Asia Pacific BEV on-board charger market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in ‘units’ and revenue in ‘USD billion’ from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Rating

• 11 kW
• > 11 kW to 22 kW
• > 22 kW

Market, By Current

• AC
• DC

The above information has been provided for the following countries:

• China
• Japan
• India
• South Korea
• Australia