Forecast on Electric Vehicle Motor (EVM) Controller Market for the Period 2017 - 2025

Motor controller is a device that improves the performance of an electric motor in a prearranged manner. Motor controllers can include an automatic or manual means for starting/stopping the motor, choosing forward/reverse rotation, selecting and controlling the speed, modifying or limiting the torque, and shielding against faults and overloads. The major constituents of electric vehicle systems are the motor, power supply, controller, drive train and a charger. An EVM controller or electric vehicle motor controller is a machine that is employed to regulate the torque generated by the motors of electric vehicles by means of modifying the energy flow from the power sources to the motor.

Control of an electric vehicle is time-variant; for instance, the operating parameters of EV and the condition of the road vary. Hence, the controller must be intended to make the system adaptive and robust. This is achieved by developing the system on both dynamic as well as steady state performances. Presently, the key factor limiting the wide-spread use of electric vehicles is the diminutive running distance for each battery charge. Therefore, besides regulating the performance of vehicle, considerable efforts have to be made so that the EVM controller does not consume high energy to the energy management of the batteries on the vehicle. Technological advancements have led to the development of such energy efficient EVs that in turn is likely to fuel the global electric vehicle motor controller market in the coming years.

Request For Report Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27428

Severe norms on vehicular efficiency as well as emissions have encouraged the implementation of high-level controllers. This is one of the key driving factors for the growth of the electric vehicle motor controller market. Quite a lot of countries have taken initiatives in order to lessen the greenhouse gas emissions. Countries including China as well as India follow norms that are comparable to the Euro norms. Furthermore, India adheres to BS IV norms at the present and the country is planning to implement BS VI regulations by the end of the year 2020. Japan on the other hand follows norms that are analogous to the Euro 5 norms and the US 2010 and is planning for a next revision by the year 2017. These regulations mandate the automobile manufacturers to manufacture virtually zero emission vehicles such as electric vehicles, thereby encouraging the growth of the electric vehicle motor controller market.

Another trend that is likely to gain momentum in the global electric vehicle motor controller market is the introduction of the vehicle to grid or V2G storage and charging system. This system is an innovative concept that is emerging from the wireless charging system or WCS technology and the latest trend in this technology is in the induction reversal process where the charged vehicle powers the grid. This power is then used to run office buildings or additional facilities all through the peak hours thereby lowering the power demand of national grids. These factors are likely to encourage the overall growth of the electric vehicle motor controller market

The global electric vehicle motor controller market can be segmented on the basis of powertrain type and geography. By powertrain type the market can be segregated into full hybrid, mild hybrid, plug-in-hybrid, pure EV. In 2016, the full hybrid powertrain segment accounted for the maximum share of the global electric vehicle motor controller market. Introduction of stringent fuel regulations as well as tax incentives is likely to fuel the adoption of full hybrid electric vehicles in the future. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific dominated the global market in 2016. High production rates and increasing sales of hybrid vehicles in Japan coupled with rise in sales of electric vehicles in China are the major contributing factors towards the growth of the market in this region. Furthermore, governments’ initiatives in numerous countries in the region towards the adoption of low-emission electric vehicles are expected to propel the growth of the market in the region.

Request For Report Table of Content (TOC): https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=27428

Some of the major companies operating in the global electric vehicle motor controller market are Continental, American Motors Corporation, Air International Thermal Systems, Sevcon, Fujitsu Ltd, Delphi Automotive, Siemens AG, Texas Instruments, Robert Bosch GmbH, Metric Mind, EVS Auto Group, Denso Corporation, Fuji Electric, BYD Auto, Hitachi Automotive Systems, Mitsubishi Electric, and Toyota Industries Corporation.

About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact US
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com/
Email: sales@transparencymarketresearch.com

This release was published on openPR.