Market Overview:
The global market for Electric Vehicle Motor Controller estimated at USD 4.67 Billion in 2022 is projected to reach a revised size of USD 15.52 Billion by 2030, growing at a CAGR of 16.2% over the period 2022-2030.
A device that improves an electric motor's efficiency is called a motor controller. It is a machine that controls how much torque motors in electric vehicles produce. By altering the flow of energy from the power sources to the motor, it accomplishes this. The motor controller can be programmed to either start or stop the motor manually or automatically. The demand for motor control that is both more intelligent and more effective grows as the market for hybrid electric vehicles and electric vehicles (HEV/EV) expands. More than ever, original equipment manufacturers (OEMs) are focusing on ways to increase electric motor capability (such as torque control) while maintaining a high level of system visibility through diagnostics to always know the health of the system.
Top Key Players Covered In the Electric Vehicle Motor Controller Market:
- Chroma ATE Inc. (China)
- Texas Instruments (US)
- BorgWarner Inc. (US)
- Continental (Germany)
- Siemens (Germany)
- Bosch (Germany)
- Shenzhen V&T Technologies Co. Ltd. (China)
- Time High-Tech Co. Ltd. (China)
- Shanghai E-drive Co. Ltd. (China)
- Kelly Controls LLC (US), and other major players.
Market Dynamics and Factors:
Around the world, there is a growing movement to accelerate the use of passenger electric cars and phase out vehicles with internal combustion engines. Europe has a higher proportion of new electric car registrations than other regions of the world, which is reflected in the rise in average fuel prices. Due to rising fuel costs, the widespread adoption of electric vehicles is anticipated to boost global business.
The study's market is driven by rising global sales of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), which have also remained a significant factor in the rising demand for electric vehicle motor controllers. Electric vehicle demand has consistently been driven by global manufacturers.
In the not-too-distant future, players in the electric vehicle motor controller market are likely to benefit from several opportunities presented by the advancing robotics technology. Robots are used extensively in hazardous environments where workers are directly exposed to explosive chemicals and radioactive substances, as well as in industries for simple, repetitive tasks. Assembly-line work, space exploration, military services, warehouse delivery, surgical assistance, mine clearing, underwater exploration, duct cleaning, and commercialized agricultural activities all make use of this technology. By the end of 2020, the International Federation of Robotics (IFR) predicts that 1.7 million brand-new robots will transform global factories. The demand for its use in robotics will rise as a result.
Electric Vehicle Motor Controller Market Report Highlight:
- By Motor Type, the Permanent Magnet Synchronous Motor segment is anticipated to lead the growth of the Electric Vehicle Motor Controller market in the forecasted timeframe. A type of electric vehicle (EV) motor controller known as a PM synchronous motor controller uses pulse-width modulation to regulate the speed and torque of a permanent magnet synchronous motor. Due to their high-power density, low noise levels, and excellent efficiency, PM synchronous motors are utilized in high-performance EVs.
- By Controller Type, the Sic IGBT Motor Controller segment is expected to have the highest share of the Electric Vehicle Motor Controller market over the projected period. Power electronics are paying a lot of attention to SiC power devices because of the rapid improvement in SiC material quality. To provide a quantitative estimate of the system improvement, a SiC device-based motor drive system is tested in this paper.
- The Asia Pacific region is expected to have the highest share of the Electric Vehicle Motor Controller market over the projected period. With approximately 500 electric car manufacturers flooding the world's largest vehicle market, China has one of the fastest-growing electric vehicle markets. Domestic brands like Nio, Xpeng, and Li Auto are encouraged to expand their market share by the Chinese government.
Key Industry Development:
In July 2023, NXP Semiconductors: Debuted the "CoolGaN™ PFS7," a gallium nitride-based power system that combines motor controller, inverter, and DC-DC converter into one unit, simplifying design and reducing energy loss.
In April 2023, Tesla has revealed a groundbreaking advancement in electric vehicle technology with the announcement of an in-house developed and manufactured silicon carbide inverter. This innovation is set to redefine the capabilities of future Tesla models, promising a significant boost in range and overall performance.
Electric Vehicle Motor Controller Market Segmentation:
By Motor Type
- DC AC Motor
- BLDC Inverter Motor
- Permanent Magnet Synchronous Motor
- Induction Motor
By Controller Type
- Si IGBT Motor Controller
- Sic IGBT Motor Controller
For this report, Introspective Market Research has segmented the Electric Vehicle Motor Controller Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
