Top Companies in On- Board Battery Charger Market | Industry Major Players Comprehensive data by VMR

To charge a vehicle battery, the on-board charger converts alternating current (AC) input from a charging station to direct current (DC).

Top Companies in On- Board Battery Charger Market | Industry Major Players Comprehensive data by VMR
On- Board Battery Charger Market

Upcoming Trends for On-Board Battery Charger Market

The Global On- Board Battery Charger Market is valued at USD 4,129.5 Million in the year 2021 and is projected to reach a value of USD 10,430.9 Million by the year 2028. The Global Market is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 16.7% over the forecast period. An on-board charger is used to charge electric vehicles by converting AC input from the grid to DC input and its market is subjected to increase with the increasing demand for electric vehicles. With the help of an onboard charger, charging can be done at homes or from public outlets. As petrol, diesel, and gasoline are not renewable energies, and the countdown to their exhaustion has started, thus, need to develop alternative sources involves the use of more economical electric vehicles. The growing utilization of electric chargers across the globe is boosting the global On- Board Battery Charger market growth. Also, expansion in a number of level 1 and level 2 charging stations/foundations (AC-to-DC) has moved the ascent toward electric vehicles.

The Global On-Board Battery Charger Market is growing at a speedy rate. Increasing costs of petroleum products and rising awareness about outflows from IC motors among the worldwide populace have resulted in the increased inclination toward electric vehicles. As per the insights of the International Energy Agency (IEA) published in their Global EV Outlook 2020 report, sales of electric vehicles surpassed more than 2.1 million around the world, with a 40% year-on-year development. Besides, automakers are continually dispatching more current electric vehicle models to withstand solid rivalry from different automakers.

Some of the major players in the Global On-Board Battery Charger Market are as below:

Company name

Revenue in USD

  • BRUSA Elektronik AG

$15 Million

  • Bel Power solution

$24 Million

  • Current Ways Inc.

$5 Million

  • Toyota Industries Corporation

$22 Billion

  • Innoelectric GmbH

$29 Million

  • Eaton

$19 Billion

  • Stercom Power Solutions GmbH

$5 Million

  • Delphi Technologies

$37 Million

  • Avid Technology Limited

$18 Million

  • Infineon Technologies AG

$12 Billion


  1. BRUSA Elektronik AG

The company was founded in 1985 and is located in Buchs, SG. The company is a publicly held organization but listed in the stock market and has plans for late September to be listed. The company is a leader in highly-efficiency power electronics, automotive lightweight electronics & e-application, on-board battery charging, DC/DC converter, development service provider, and fuel cell. Currently, the company has approximately 500 employees.

  1. Bel Power solution

Bel Power Solutions provides intelligent, efficient, and reliable AC-DC and DC-DC power conversion devices. Applications range from board-mount power to system-level architectures for servers, storage, networking, industrial, and transportation. The company was founded in 2014 and is headquartered in Dubnica nad Vahom, Croatia. The company is the parent organization of Bel Fuse Inc.

  1. Current Ways Inc.

Located in California, Current Ways is a leading global electric vehicle charging solution provider. Current Way is a spin-off of an American low and high voltage power supply industry leader LHV Power Corporation. Utilizing LHV Power’s 22+ years in providing leading-edge power supply technology and solutions, with our dedication to customer-centric innovation and strong partnerships, Current Ways has developed many high-performance, high-quality onboard and off-board charging products which are used in applications such as electric automobiles, trucks, specialty off-road vehicles, aircraft, speed boats, energy storage applications, see more below. The company was founded in 2000 and headquartered in Santee, CA. the company is a privately held organization consisting of 50 employees. The company is specialized in electric vehicle battery chargers, GMW3172, SAEJ1772 interface, and can bus interface.

  1. Toyota Industries Corporation

Toyota Industries Corporation is a Japanese machine maker. Originally, and still active, a manufacturer of automatic looms, it is the company from which Toyota Motor Corporation developed. It is the world's largest manufacturer of forklift trucks measured by revenues. The company is listed on the Tokyo stock market as 6201 (TYO). The company was founded in 1926 by Sakichi Toyoda. The company has various subsidiaries such as Toyota, Toyota Material Handling, U.S.A., Inc., and others.

  1. Innoelectric GmbH

Creating products that advance electric mobility does not only require an enormous level of passion and expertise but what is equally important is to gear all associated processes and team structures to this objective. The competence of Innolectric comprises the development and production of components along the electric drive train. Power electronics, charging communication, and energy storage form the focus of the portfolio. A profound comprehension of electric mobility, personal enthusiasm, and a strong sense of responsibility are the foundation we build our projects on. The company was founded in 2016 and is a privately held organization located in Bochum, Nordrhein-Westfalen. The company has approximately 50 employees.

  1. Eaton

Eaton Corporation PLC is a multinational power management company with 2020 sales of $17.86 billion, founded in the United States with global headquarters in Dublin, Ireland, and a secondary administrative canter in Beachwood, Ohio. The company is listed as ETN (NYSE) and generates revenue of USD 17.6 billion. The company has approximately 92,000 employees working across the globe.

  1. Stercom Power Solutions GmbH

The company is founded in 2014 and is headquartered in Weyarn, Bavaria. The company has approximately 50 employees and is a privately held organization. The company is specialized in Energy Storage, Automotive, Electric Vehicles (EV), Railways, Electric Drives, eMobility, Power Converters (AC (DC, DC/DC & DC/AC), Battery Management Systems (BMS), Specialized Power Electronic Equipments, Wireless Power Transfer (WPT), and OnBoard Charger.

  1. Delphi Technologies

Delphi Technologies was a part of General Motors and was spun off as an independent company on May 31, 1999. General Motors sold $3.8 billion worth of preferred shares in Delphi. While this separated Delphi from GM, they were still in a way connected at the hip as Delphi still provided parts to GM products. The company is headquartered in the UK and has approximately 20,000 employees. The company generated approximately USD 4.2 billion in 2021.

  1. Avid Technology Limited

Avid Technology Limited is an automotive company based out of Unit 3D Nelson Way Nelson Park West, Cramlington, United Kingdom. The company is headquartered in Cramlington. The Company is one of the leaders that design and manufacture electrified powertrain components.  They also develop the systems for heavy-duty and high-performance electric (EV) and hybrid vehicles (HEV).

  1. Infineon Technologies AG

Infineon Technologies AG is a German semiconductor manufacturer founded in 1999 when the semiconductor operations of the former parent company Siemens AG were spun off. Infineon has about 50,280 employees and is one of the ten largest semiconductor manufacturers worldwide. The company generated revenue of USD 9.28 billion.

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