Trends and Future Prospects for the Global Automotive Integrated Onboard Charger Manufacturers
RELEASE DATE: Jul 2024 Author: Spherical Insights Request Free Sample
Overview
The onboard charger in automotive vehicles processes and controls electrical power for electric and hybrid cars. It is a unit that combines both an onboard charger and a DC-DC converter. It allows for efficient recharging of the vehicle's battery and converting high-voltage power from the battery into the lower-voltage power needed by other electrical systems in the vehicle. The market growth is anticipated to rise even more due to the increasing demand for advanced and efficient power conversion solutions, as well as the adoption of electric and hybrid vehicles, which offer benefits such as reduced weight and complexity.
Competitive Landscape
The market for onboard chargers is divided and fiercely competitive because of the multiple international manufacturers involved in the industry. Some key companies in the field are Delphi Technologies (BorgWarner Inc.), Hyundai Mobis, LG Corporation, STMicroelectronics, Ficosa International S.A., Valeo SE, Toyota Industries Corporation, and Bel Fuse Inc., among others. For instance, BorgWarner revealed in November 2023 its collaboration with a North American OEM to provide its bi-directional 800V OBC for the OEM's passenger vehicle lineup. The company announced that its onboard chargers contain silicon carbide power switches to boost vehicle efficiency, enhance power conversion, and meet safety standards.
Government Initiatives & Regional Demand
Government efforts like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) program, which provides incentives for EV adoption, and the National Electric Mobility Mission Plan (NEMMP) to promote EVs for carbon emission reduction. Furthermore, the European Union aims to reduce CO2 emissions by 40% by 2030. With the rise of electric vehicles on the roads, there will be a higher need for energy, leading to a profitable demand for traditional and bidirectional integrated onboard chargers in the region.
The report provides a summary of the global top trends and future prospects for the global automotive integrated onboard charger market based on historical data sets (current trends, industry statistics, and emerging trends shaping the automotive integrated onboard charger industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global automotive integrated onboard charger trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.
Increased Use of V2g, V2l, and V2h will Promote the Development of The Integrated Charging Control Unit Market
Vehicle-to-Grid (V2G), Vehicle to Load (V2L), or Vehicle to Home (V2H) allows an electric vehicle to distribute its power to the electric grid, specific load, or home for additional energy needs. This technology functions by incorporating a bi-directional charger, which allows electricity to move between the vehicle and a designated load. Leading electric vehicle producers are prioritizing the rollout of electric cars that cater to these uses because of the increasing popularity among consumers. As an example, Toyota announced in December 2022 its plans to establish a trial facility in the United States to concentrate on V2G technology. The company has formed a partnership with a Texas-headquartered electric distribution group Oncor. Therefore, the increasing use of V2G, V2L, or V2H will expand the automotive integrated onboard charger market in the near future.
Development In Charging Infrastructure Fuel the Market Growth
The growth of charging infrastructure, such as public charging stations, workplace chargers, and home charging solutions, boosts the need for integrated onboard chargers. EV drivers depend on onboard chargers to recharge their car's battery easily and conveniently when parked or driving, providing accessible charging opportunities.
The Increasing Need for Cars with Zero Emissions
With the increasing demand for zero-emission cars, the production of electric vehicles is growing rapidly each year, leading to an expected increase in the demand for chargers. This factor will generate profitable growth chances for the leading manufacturers of automotive integrated onboard chargers who produce these chargers.
Key Players List
• Bosch Automotive Service Solutions Inc.
• Siemens AG
• Delphi Technologies (BorgWarner Inc.)
• LG Electronics Inc.
• Schneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• BYD Company Limited
• Samsung SDI Co., Ltd.
Top 5 Companies in Automotive Integrated Onboard Charger Industry
1. Siemens - Automation company
Headquarters: Munich, Germany
Siemens AG is a technology conglomerate that is multinational and based in Germany. The focus is on industrial automation, distributed energy resources, rail transport, and health technology. For instance, Siemens introduces a new 400kW SICHARGE D for the IEC market to enhance EV charging offerings in March 2024.
2. Delphi Technologies – Company
Headquarters: United Kingdom
Delphi Technologies operated as a standalone automotive company until it was purchased by BorgWarner Inc. in 2020 after three years of independence. The Delphi onboard charger is a post-purchase option for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) that change AC to DC for charging the traction battery pack. Starting in 2015, Delphi has been providing a diverse selection of AC/DC onboard chargers that allow for rapid charging in production for plug-in hybrid and battery electric vehicles. Delphi uses technological capabilities in the same way for aftermarket onboard chargers to ensure precise OE performance.
3. LG Corp Multinational Conglomerate Company
Headquarters: Seoul, South Korea
LG Corporation, previously named Lucky-Goldstar, was established by Koo In-hwoi and is overseen by his family's subsequent generations. It is ranked as the fourth-largest chaebol in South Korea. The LG Twin Towers building, located in Yeouido-dong, Yeongdeungpo District, Seoul, serves as the company's headquarters. For Instance, on June 18, 2024, LG Electronics (LG) entered into agreements with ChargePoint, a top provider of networked charging solutions for electric vehicles (EVs), for commercial EV charging in the United States. LG expects that the Memorandum of Understanding will speed up the development of its electric vehicle charging business.
4. Mitsubishi Electric - Electronics company
Headquarters: Chiyoda City, Tokyo, Japan
Mitsubishi Electric Corporation is a Japan-based multinational company that specializes in manufacturing electronics and electrical equipment, with its headquarters located in Tokyo. Founded in 1921 as a separate entity from Mitsubishi Shipbuilding's electrical machinery manufacturing division at Kobe Shipyard.
5. Samsung SDI - Battery manufacturing company
Headquarters: Yongin-si, South Korea
Samsung SDI Co., Ltd. is a company based in Yongin, Gyeonggi-do, South Korea, that specializes in manufacturing batteries and electronic materials. Samsung SDI conducts its operations through its Energy Solutions and Electronic Materials divisions.
Recent Developments
- In March 2024, Ford revealed that they are incorporating two onboard chargers into their E-Transit electric commercial van, with a charging capacity of 176 kW. The company announced that with the Ford Pro Series 2 80A charging station, vehicles can fully charge from empty to full in six hours and eleven minutes.
- In July 2023, Stellantis revealed a partnership with Saft and the French National Center for Scientific Research to develop an electric vehicle charging system that cuts out the need for inverters and onboard chargers in order to enhance vehicle efficiency while reducing weight. The implementation of these new technologies poses a major challenge for the onboard charger market and will impede its growth.
- In April 2023, Coulom Solution unveiled a new 20 kW onboard charger designed for commercial vehicles, particularly for the North American market. The goal of the new onboard charger is to decrease weight and remove unnecessary high-voltage wiring, ultimately reducing the cost of the product. The company believes this will help it dominate the commercial vehicle onboard charger market because of its competitive pricing.
- In November 2023, Valeo, who is currently supplying TATA Motors, unveiled a 3-in-1 combination unit that integrates OBC and DC-DC converters with a PDU-power distribution unit. The system will function across various power levels ranging from 7kW to 22kW.
- In November 2022, Zivian launched CT3.3, an onboard charger integrated with a DC-DC converter. The combined unit is equipped with water cooling, increased power density, an optional integrated DC-DC converter, and input over-voltage protection. The CT3.3 functions as a rugged battery charger for onboard installations in electric vehicles.
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