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Electric Vehicle On-Board Charger Market Share

Report ID: GMI6963
Published Date: Oct 2023
Report Format: PDF

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Electric Vehicle On-Board Charger Market Share

Delta Electronics, a Taiwanese multinational company, had been expanding its market share by providing a range of high-power onboard chargers designed for electric vehicles. In addition, Siemens had been leveraging its established presence in the industrial and automation sectors to make inroads into EV charging solutions, aiming to capture a significant share of the market. The analysis by major key companies helps stakeholders, including investors and consumers, assess the competitive strengths and weaknesses of these key players and provides insights into the market's growth trajectory. However, the EV industry is highly dynamic, and market share can shift rapidly as new entrants, innovations, and evolving consumer preferences continue to shape the landscape.

Some of the key market players operating across the Electric Vehicle On-Board Charger industry are:

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

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of electric vehicle on-board charger was worth USD 6.1 billion in 2023 and is projected to witness over 9.3% CAGR from 2024 to 2032, due to the increasing shift toward electric vehicles, driven by environmental concerns along with the rise in private and government incentives & investments.

Electric vehicle on-board charger industry size from the > 11 kW to 22 kW rating segment is set to grow at more than 10.5% CAGR from 2023 to 2032, owing to higher adoption for addressing the need for reduced charging times and improved convenience for EV users.

Asia Pacific market for electric vehicle on-board charger is set to witness over 10.15% CAGR through 2032, due to the rapid EV adoption, infrastructure expansion, and domestic manufacturing.

BorgWarner Inc., alfanar Group, Powell Industries, Kirloskar Electric Company, Bell Power Solution, BRUSA Elektronik AG, and Current Ways Inc. are some of the prominent electric vehicle on-board charger market players.