The new report from Expert Market Research titled, ‘Global Electric Vehicle Communication Controller Market Growth, Share, Price, Trends, Report and Forecast 2023-2028’, provides an in-depth analysis of the global Electric Vehicle Communication Controller market. electric vehicles, assessing the market based on its segments such as systems, charging type, electric vehicle type and key regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Market Overview (2018-2028)
Historical market value (2022): USD 96.59 million
Forecast CAGR (2023-2028): 35%
Estimated market value (2028): 585.02 million USD
The electric vehicle communication controller market is expected to grow greatly in the commercial vehicle segment, as these vehicles are used for long-distance transportation and distribution of large loads and require high range and reliability. The electric vehicle communication controller can play a critical role in these vehicles by helping to quickly charge the engine.
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Industry definition and key segments
The electric vehicle communication controller is a critical component that allows communication between a vehicle and an electric vehicle charger for fast charging. The electric vehicle communication controller serves as a channel for exchanging information between an internal battery and the vehicle’s ECU.
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On the basis of systems, the market is divided into:
EV Communication Controller (EVCC)
Supply Equipment Communication Controller (SECC)
According to the types of tariffs, the market is divided into:
Wired charging (Plug-in)
Wireless charging (inductive charging)
According to the type of electric vehicles, the market is divided into:
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEV)
Regional Markets for Global Face Mask Market Panel:
Middle East and Africa
Increasing demand for electric vehicles is driving the expansion of the market. The growing need for fast charging is likely to drive the electric vehicle communication controller market in the passenger vehicle segment. Increasing sales of electric buses have contributed to the growth of the electric bus segment, especially in China.
Some countries are expected to replace their current fleet of fuel buses with electric buses. The growing trend of replacing fossil-fueled public transport fleets with electric buses is anticipated to stimulate the expansion of the commercial electric vehicle market, which in turn will fuel the growth of the electric vehicle communication controller sector.
Major market players
The main players in the market are Tesla Inc. (NASDAQ: TSLA), BYD Company Ltd, Schneider Electric SE, Efacec Power Solutions, SGPSSA, Robert Bosch GmbH 2018, Vector, LG Corp, among others. The report covers market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other recent developments of these market players.
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