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Electric Vehicle Motor Controller Market: Applications and Global Markets

02-02-2018 07:43 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Electric Vehicle Motor Controller Market: Applications

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.

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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.

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

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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.

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.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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