About Electric Vehicle Motor Controller
An Electric Vehicle Motor controller is used to improve the performance of an electric motor. It is a machine that is used to regulate the torque generated by the motors of electric vehicles. A simple DC controller is connected between the batteries and the DC motor. The adoption rate has been steadily increasing. Demand for Higher Power and More Efficient Electric Traction Drive Systems that Lead to Better Fuel Economy for a Given Battery Charge. Manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electric Vehicle Motor Controller market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BYD Auto (China), Continental AG (Germany), Delphi Technologies (United Kingdom), Sevcon (United Kingdom), Texas Instruments (United States), Advanced Motion Controls (United States), Silicon Mobility (France), Siemens (Germany), Bosch (Germany), Denso (Japan), EVS Broadcast Equipment (Belgium) and Fuji Electric (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Motor Controller market by Type (DC Series motor (Brushed DC Motor), BLDC motor, PMSM (Permanent Magnet Synchronous Motor) and Three Phase Induction Motor) and Region.
On the basis of geography, the market of Electric Vehicle Motor Controller has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Controller, the sub-segment i.e. Permanent Magnet Synchronous Motor Controller will boost the Electric Vehicle Motor Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. 48V will boost the Electric Vehicle Motor Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Vehicle, the sub-segment i.e. Passenger Vehicles will boost the Electric Vehicle Motor Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Trends for Passenger Electric and Hybrid Electric Vehicles and Demand for Higher Power and More Efficient Electric Traction Drive Systems that Lead to Better Fuel Economy for a Given Battery Charge
Market Growth Drivers:
Ac Induction Motor Is Seeing Increased Usage among Vehicles Mainly In the Premium Electric Vehicles and Increasing Government Spending on Electric Passenger Vehicles
Challenges:
The Electric Car Three Major Problems need to be Solved, are Respectively the Vehicle Technology
Restraints:
High Cost Complicated Structure Can Hamper the Growth
Opportunities:
Increasing Development is Based on the Theory of Modern Control Technologies, Including Automotive Technology, Rise in Development of Motor Driver technology, Power Electronics Technology and Energy Storage Technology By Key Players and Development of Integrated Design
Market Leaders and their expansionary development strategies
On 4th July 2022, Continental has acquired the conveyor belt systems and services specialist NorrVulk AB, based in Gällivare, Sweden. This acquisition complements the technology company’s portfolio for the sale of conveyor belt systems and related services and strengthens its business with industrial customers in this region.
On 11th October 2022, BYD to launch in Europe this year BYD plans to start selling electric cars in Europe in 2020. Not surprisingly, the Chinese manufacturer has chosen Norway as its entry market, where BYD will initially launch with the all-electric SUV Tang EV600.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.