Electric Vehicle Motor (EVM) Controller market is analysed considering industry experts, to help produce maximum returns-on-investment as it provides clarity required to make informed business decisions. This research will help both established and new entrants to identify and analyse the market need, market size and competition. It explains supply and demand situation, competitive scenario, challenges to market growth, market opportunities and threats faced by the key vendors. Report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Electric Vehicle Motor (EVM) Controller market to grow at a CAGR of 42.51% during the period 2017-2021.
About Electric Vehicle Motor ControllersAn electric vehicle (EV) motor controller is a device that is used to control the torque produced by electric motors by regulating the energy flow between the motor and power sources.
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Electric Vehicle Motor (EVM) Controller Market Trend, Challenge and Driver: –
Electric Vehicle Motor (EVM) Controller Market trend: – The latest trend gaining momentum in the market is growing adoption of SiC and GaN. An EVM controller typically uses Si-based IGBT modules for switching the power. However, the rising demand for an improved range and cost reduction of EVs will push for the size reduction of these power modules, thereby increasing its overall efficiency
Electric Vehicle Motor (EVM) Controller Market Challenge: – one of the major factors hindering the growth of this market is increase in controller price due to the complexity of functions and architecture. The additional components that comprise an EV compared to conventional gasoline/diesel powered vehicles are the battery, electric controller, motor, and power inverter. The supplier-level cost of these components, except controllers, will decline during the forecast period. This is due to the mass production of EV parts that arise from the increasing demand for EVs worldwide.
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Electric Vehicle Motor (EVM) Controller Market Driver: – One of the major drivers for this market is use of micro control modules in direct drives to incorporate dynamic safety features. Electric motors achieve the high torque after ignition. This feature eliminates the need for the transmission if the motor is used directly near the wheels to power up since no shifting of power is needed for electric motors. Such systems are called direct drive or in-wheel motors. Vehicles that are equipped with in-wheel motors are expected to be launched by 2017. Such vehicles will have the wheels equipped with motors, which can control each wheel independently, thereby giving an electronic control on brakes and acceleration.
Electric Vehicle Motor (EVM) Controller market potential is analysed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Electric Vehicle Motor (EVM) Controller industry. Further the Electric Vehicle Motor (EVM) Controller market report focuses on global major leading industry players with information. Key vendors operating in Electric Vehicle Motor (EVM) Controller market space are Continental, Delphi, Sevcon, Siemens, Texas Instruments and many more.
Geographic Segmentation: – APAC, Europe, North America
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Intended Audience: –
- Manufacturers and distributors in Electric Vehicle Motor (EVM) Controller Industry
- Suppliers and traders.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Electric Vehicle Motor (EVM) Controller Industry Consultants
Source: imported from this press release.