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Global Electric Vehicle Communication Controller Market, Industry Insights by System, Charging Type, Electric Vehicle Type, Plug-In Hybrid Electric Vehicle, Vehicle Type - Forecast to 2025
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Increasing penetration of wireless or inductive charging technique will further accelerate the market growth of electric vehicle with a number of benefits will be offered, which including complete autonomy, no need of cables and bulky charging equipment and smaller battery units. This will act as opportunities for the global electric vehicle communication controller market in near future.
On the basis of electric vehicle type, the market is subdivided into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). Of both the EV types, the PHEV accounted for a foremost share in the EVCC market, owing to the hybrid structure which allows user to drive long distance by charging the battery through both regenerative braking and plug-in to an external source of electrical power.
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Geographically, APAC, mainly China is the largest electric vehicle communication controller market as in the region, owing to the largest (around 2.3 million) electric vehicle running on the road. In addition, the region also accounts for noteworthy investment in battery manufacturing, this will further up surge the growth of the China electric vehicle communication controller market in years to come.
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Some of the key players operating in the global electric vehicle communication controller market are Tesla, Inc., LG Innotek, BYD Auto, Schneider Electric, ABB Ltd., Robert Bosch GmbH, Ficosa International S.A., Mitsubishi Electric, Siemens AG, and Vector.
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VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.
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