EV Motor Controller Market Outlook 2028

Market Overview:
Global EV Motor Controller Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

The essential parts of an electric vehicle system are the motor, power supply, controller, drive train, and charger. A motor controller is used to control the torque produced by the motors of electric automobiles by changing the energy flow from the power sources to the motor in an electric vehicle or an EVM controller. A motor controller is a device that intentionally improves the performance of an electric motor. As the market for electric vehicles (EV) and hybrid electric vehicles (HEV) begins to grow, the need for more efficient and intelligent motor control grows more urgent.

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Market Dynamics:
Driver:
The usage of micro control modules in direct drives to add dynamic safety features will be one of the main drivers driving the motor controller industry. Because of their great efficiency, high power density, and strong torque, even at low speeds, permanent magnet synchronous motors (PMSM) are currently the most popular. Automobiles are increasingly using AC induction motors, particularly high-end electric vehicles. Tesla is the only OEM to use Permanent Magnet Synchronous Reluctance Motors (PMSRM) in their automobiles. Even after Covid, plugged-in vehicle sales increased globally in 2020, with Europe leading the market, followed by China and the USA. There are no signs of a slowdown in the market.

Opportunities:
In the coming years, Asia Pacific hold a significant opportunity for electric vehicle motor (EVM) controllers. The Asia Pacific electric vehicle motor (EVM) controller market is being driven by the rising acceptance and popularity of electric vehicles in India, China, and Japan. In Japan, increased hybrid car sales and rising production rates both contribute to the market's expansion. Additionally, growing government spending on promoting and assisting low-emission electric vehicles is anticipated to boost market expansion in the area.

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Market Segmentation
By Type
AC Permanent Magnet Synchronous Motor Controller
AC Asynchronous Motor Controller
DC Motor Controller

By Vehicle Type
Passenger vehicle
Commercial vehicle

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Top Leading Players Involved Are:
• Shenzhen Inovance Technology Co. Ltd.
• Jing-Jin Electric Technologies (Beijing) Co. Ltd.
• Nidec (Beijing) Drive Technologies Co.Ltd.
• Beijing Siemens Automotive E-Drive System Co.Ltd.
• Canadian Electric Vehicles Ltd
• Prestolite E-Propulsion Systems (Beijing) Limited
• Shandong Deyang Electronics Technology Co.Ltd.
• JEE Automation Equipment Co.Ltd.
• DEC Dongfeng Electric Machinery Co.Ltd.
• Time High-Tech Co.Ltd.
• Fujian Fugong Power Technology Co.Ltd.
• Hunan CRRC Times Electric Vehicle Co.Ltd.
• Kelly Controls LLC
• Shanghai E-drive Co.Ltd.
• Chroma ATE Inc.
• United Automotive Electronic Systems Co.Ltd. (UAES)
• Shenzhen V&T Technologies Co.Ltd.
• BYD
• Parker
• Delta Electronics
• Zhuhai Enpower Electric Co.Ltd.
• Zhongshan Broad-Ocean Motor Co.Ltd. and other major players.

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Key Industry Developments In The EV Motor Controller Market
August 2021, the leading provider of automotive semiconductors in the world, NXP Semiconductors N.V., has unveiled a new automotive power control reference platform for an electric car traction motor inverter. One of NXP's new power control reference platforms for electric vehicles is featured in the ASIL-D motor inverter prototype, which was created in collaboration with VEPCO Technologies, Inc.

The objectives of the report are:
1) To analyze and forecast the market size of EV Motor Controller Industry in the global market.
2) To study the global key players, SWOT analysis, value and global market share for leading players.
3) To determine, explain and forecast the market by type, end use, and region.
4) To analyze the market potential and advantage, opportunity and challenge, restraints and risks of global key regions.
5) To find out significant trends and factors driving or restraining the market growth.
6) To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
7) To critically analyze each submarket in terms of individual growth trend and their contribution to the market.
8) To understand competitive developments such as agreements, expansions, new product launches, and possessions in the market.
9) To strategically outline the key players and comprehensively analyze their growth strategies.
At last, the study gives out details about the major challenges that are going to impact market growth. They also report provides comprehensive details about the business opportunities to key stakeholders to grow their business and raise revenues in the precise verticals. The report will aid the company's existing or intend to join in this market to analyze the various aspects of this domain before investing or expanding their business in the Ev Motor Controller markets.

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