Electric Vehicle Motor Controller Market Synopsis

Electric Vehicle Motor Controller market was estimated at USD 5.43 Billion in 2023 is projected to reach size of USD 21.12 Billion by 2032, growing at a CAGR of 16.29% over the period 2024-2032.

The electric vehicle motor controller is an electronic package that works in the same way as the carburetor of a conventional gasoline vehicle by monitoring the pace and acceleration of the vehicle. It is located between the motor and the batteries. The controller regulates the flow of energy from the battery and transforms direct current to alternating current (exclusively for AC motors). The EVM controller will overcome the carburetor by switching the rotation of the motor, and hence the vehicle will move backward. Furthermore, once the brake is applied, it changes the motor into a generator, and the kinetic energy associated with movement is used to charge the battery. Firstly, DC-powered EVs had few motor controllers of the variable-resistor type to control how fast the device was moving and how hard it was accelerating. This management hardware continuously devours the entire power and current of the battery. A high resistance was used to limit the motor's power during moments of less speed, where the full power output was not needed. The crux issue with this kind of system was an immense amount of energy wasted from the battery due to energy loss in the resistor. Only a peak power output was observed at very high velocities.

• The power sources transfer the energy to the motor with the help of EVM controller or the electric vehicle motor controller and the regulation of torque produced by the motors is done through this modification. The electric motor's performance can only be boosted by a motor controller.
• The electric vehicle motor (EVM) controller market shares will be expected to grow in the future years, mainly because of world’s increasing demand for electric vehicles. Market leaders in electric vehicle motor (EVM) controllers are growing and developing their product offerings to earn higher revenues. Companies involved in electric vehicle motor (EVM) controller manufacturing are increasingly taking steps to stay competitive in the global market. In addition to governments initiating campaigns for electric vehicles, it also boosts the growth of the international industry. The fact of the growing global sales of EV's is one of the factors driving global market expansion.

Electric Vehicle Motor Controller Market Trend Analysis

Technological Advancements: Intelligent Control Functions and Regenerative Brakes

• The automotive industry's evolution into ecologically friendly modes of transportation is a key growth driver for the rapidly expanding electric vehicle motor controller market. This essential characteristic of the battery system performs the function of regulating the amount of power supply to the electric motor in order to enhance its efficiency and performance. Utilization of motor controllers is on the upswing in order to provide power for the different types of the vehicles and as electric cars are getting more and more popular. Modern control functions and regenerative brakes are technological developments that make these controllers attractive. With escalating worldwide energy transition, the electric vehicle motor controller market is the key factor for the improvement of electric vehicles.

Global adaptation EVs.

• The adoption of EVs is growing around the world as there is a greater concentration on eco-friendly and energy-efficient transportation. As this process gains momentum, there is an increasing need for units that are not only technologically advanced but also effective. In terms of performance and efficiency, these components are all essential as they help regulate power between the electric motor and the battery. With the world moving toward electric cars as the industry trend, the manufacturers have to come up with new ideas to fulfill the increasing demands from the electric vehicles market.

Electric Vehicle Motor Controller Market Segment Analysis:

Electric Vehicle Motor Controller Market Segmented based on Product Type, Power Output, and Application.

By Product Type, AC Permanent Magnet Synchronous Motor Controller segment is expected to dominate the market during the forecast period

• The AC permanent magnet synchronous motor controller was the most prevalent in the global electric vehicle motor (EVM) controller market in 2020, based on product type. As of 2020, the segment accounted for more than 65% of the whole market. Often, permanent magnet synchronous motor controllers feature in motor circuits that require top performance and efficiency. The characteristics of state-of-the-art motor control include smooth speed range, complete torque regulation at zero speed, and instantaneous acceleration and deceleration. In order to do so, PM synchronous motor controller utilizes vector control methods. Consequently, many EVs are fitted with the AC permanent magnet synchronous motor controllers which is going to lead the segment during the forecast period.

By Application, Full Hybrid Electric Vehicle segment held the largest share in 2023

• The revenue of the global electric vehicle motor (EVM) controller market in 2020 was led by the full hybrid electric vehicle application segment. These dominations result from the implementation of strict fuel standards and fiscal incentives that encourage the use of full hybrid electric vehicles in the near future. The demand for more advanced and intelligent motor control systems is expected to rise in line with the fast growing popularity of full hybrid electric vehicles. Nowadays, an unbelievable trend among original equipment manufactures is making electric motors’ performance better (OEMs). g. , online, or on-cloud monitoring. This preserves high degree of visibility to maintain constant awareness of the status of the systems.

Electric Vehicle Motor Controller Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America was the most powerful region with the highest market share. Legislative support as well as regulatory mechanisms, government incentives, and an increasing environmental consciousness are among the main factors of the rapid growth in the number of electric vehicles in the region. Advanced charging infrastructure and technological progress of electric mobility have pushed North America into leadership position. The electric vehicle motor controller market is significantly influenced and driven in North America by several factors: the emergence of industry leaders and their R&D efforts, consumers gradually perceive green transportation options as a better alternative.

Active Key Players in the Electric Vehicle Motor Controller Market

• Continental AG
• Siemens AG
• American Motors Corporation
• Texas Instruments
• Robert Bosch GmbH
• Toyota Industries Corporation
• Delphi Technologies PLC
• Denso Corporation
• EVS Auto Group
• Fuji Electric Co. Ltd.
• Hitachi Automotive Systems
• Other Key Players

Key Industry Developments in the Electric Vehicle Motor Controller Market:

• In February  2023, Virtual Forest, an Indian manufacturer of motor control electronics, and Redler Technologies, a leading Israeli provider of motion control and power distribution solutions, each received an INR 33 crore grant from The Global Innovation & Technology Alliance. The grant's purpose is to support the creation of ASIL-certified motor controllers for light three-wheelers designed to enter the international market.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY PRODUCT TYPE (2017-2032)
   1. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AC PERMANENT MAGNET SYNCHRONOUS MOTOR CONTROLLER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. AC ASYNCHRONOUS MOTOR CONTROLLER
   5. DC MOTOR CONTROLLER
7. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY POWER OUTPUT (2017-2032)
   1. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. 1 – 20 KW
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. 21- 40 KW
   5. 41 – 80 KW
   6. ABOVE 80 KW
8. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY APPLICATION (2017-2032)
   1. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FULL HYBRID ELECTRIC VEHICLE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MILD HYBRID ELECTRIC VEHICLE
   5. PLUG-IN HYBRID ELECTRIC VEHICLE
   6. PURE ELECTRIC VEHICLE
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Electric Vehicle Motor Controller Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. CONTINENTAL AG
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. SIEMENS AG
   4. AMERICAN MOTORS CORPORATION
   5. TEXAS INSTRUMENTS
   6. ROBERT BOSCH GMBH
   7. TOYOTA INDUSTRIES CORPORATION
   8. DELPHI TECHNOLOGIES PLC
   9. DENSO CORPORATION
   10. EVS AUTO GROUP
   11. FUJI ELECTRIC CO. LTD.
   12. HITACHI AUTOMOTIVE SYSTEMS
10. GLOBAL ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Product Type
       4. Historic And Forecasted Market Size By Power Output
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY MOTOR TYPE
TABLE 008. DC AC MOTOR MARKET OVERVIEW (2016-2028)
TABLE 009. BLDC INVERTER MOTOR MARKET OVERVIEW (2016-2028)
TABLE 010. PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET OVERVIEW (2016-2028)
TABLE 011. INDUCTION MOTOR MARKET OVERVIEW (2016-2028)
TABLE 012. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET BY CONTROLLER TYPE
TABLE 013. SI IGBT MOTOR CONTROLLER MARKET OVERVIEW (2016-2028)
TABLE 014. SIC IGBT MOTOR CONTROLLER MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY MOTOR TYPE (2016-2028)
TABLE 016. NORTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY CONTROLLER TYPE (2016-2028)
TABLE 017. N ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY MOTOR TYPE (2016-2028)
TABLE 019. EUROPE ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY CONTROLLER TYPE (2016-2028)
TABLE 020. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY MOTOR TYPE (2016-2028)
TABLE 022. ASIA PACIFIC ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY CONTROLLER TYPE (2016-2028)
TABLE 023. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY MOTOR TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY CONTROLLER TYPE (2016-2028)
TABLE 026. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY MOTOR TYPE (2016-2028)
TABLE 028. SOUTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY CONTROLLER TYPE (2016-2028)
TABLE 029. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET, BY COUNTRY (2016-2028)
TABLE 030. CHROMA ATE INC.: SNAPSHOT
TABLE 031. CHROMA ATE INC.: BUSINESS PERFORMANCE
TABLE 032. CHROMA ATE INC.: PRODUCT PORTFOLIO
TABLE 033. CHROMA ATE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. TEXAS INSTRUMENTS: SNAPSHOT
TABLE 034. TEXAS INSTRUMENTS: BUSINESS PERFORMANCE
TABLE 035. TEXAS INSTRUMENTS: PRODUCT PORTFOLIO
TABLE 036. TEXAS INSTRUMENTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. BORGWARNER INC: SNAPSHOT
TABLE 037. BORGWARNER INC: BUSINESS PERFORMANCE
TABLE 038. BORGWARNER INC: PRODUCT PORTFOLIO
TABLE 039. BORGWARNER INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. CONTINENTAL: SNAPSHOT
TABLE 040. CONTINENTAL: BUSINESS PERFORMANCE
TABLE 041. CONTINENTAL: PRODUCT PORTFOLIO
TABLE 042. CONTINENTAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. SIEMENS: SNAPSHOT
TABLE 043. SIEMENS: BUSINESS PERFORMANCE
TABLE 044. SIEMENS: PRODUCT PORTFOLIO
TABLE 045. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. BOSCH: SNAPSHOT
TABLE 046. BOSCH: BUSINESS PERFORMANCE
TABLE 047. BOSCH: PRODUCT PORTFOLIO
TABLE 048. BOSCH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. SHENZHEN V&T TECHNOLOGIES CO. LTD.: SNAPSHOT
TABLE 049. SHENZHEN V&T TECHNOLOGIES CO. LTD.: BUSINESS PERFORMANCE
TABLE 050. SHENZHEN V&T TECHNOLOGIES CO. LTD.: PRODUCT PORTFOLIO
TABLE 051. SHENZHEN V&T TECHNOLOGIES CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. TIME HIGH-TECH CO. LTD.: SNAPSHOT
TABLE 052. TIME HIGH-TECH CO. LTD.: BUSINESS PERFORMANCE
TABLE 053. TIME HIGH-TECH CO. LTD.: PRODUCT PORTFOLIO
TABLE 054. TIME HIGH-TECH CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. SHANGHAI E-DRIVE CO. LTD.: SNAPSHOT
TABLE 055. SHANGHAI E-DRIVE CO. LTD.: BUSINESS PERFORMANCE
TABLE 056. SHANGHAI E-DRIVE CO. LTD.: PRODUCT PORTFOLIO
TABLE 057. SHANGHAI E-DRIVE CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. KELLY CONTROLS LLC: SNAPSHOT
TABLE 058. KELLY CONTROLS LLC: BUSINESS PERFORMANCE
TABLE 059. KELLY CONTROLS LLC: PRODUCT PORTFOLIO
TABLE 060. KELLY CONTROLS LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. BYD: SNAPSHOT
TABLE 061. BYD: BUSINESS PERFORMANCE
TABLE 062. BYD: PRODUCT PORTFOLIO
TABLE 063. BYD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. ZHUHAI ENPOWER ELECTRIC CO. LTD.: SNAPSHOT
TABLE 064. ZHUHAI ENPOWER ELECTRIC CO. LTD.: BUSINESS PERFORMANCE
TABLE 065. ZHUHAI ENPOWER ELECTRIC CO. LTD.: PRODUCT PORTFOLIO
TABLE 066. ZHUHAI ENPOWER ELECTRIC CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. DELTA ELECTRONICS: SNAPSHOT
TABLE 067. DELTA ELECTRONICS: BUSINESS PERFORMANCE
TABLE 068. DELTA ELECTRONICS: PRODUCT PORTFOLIO
TABLE 069. DELTA ELECTRONICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 070. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 071. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 072. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY MOTOR TYPE
FIGURE 012. DC AC MOTOR MARKET OVERVIEW (2016-2028)
FIGURE 013. BLDC INVERTER MOTOR MARKET OVERVIEW (2016-2028)
FIGURE 014. PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET OVERVIEW (2016-2028)
FIGURE 015. INDUCTION MOTOR MARKET OVERVIEW (2016-2028)
FIGURE 016. ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY CONTROLLER TYPE
FIGURE 017. SI IGBT MOTOR CONTROLLER MARKET OVERVIEW (2016-2028)
FIGURE 018. SIC IGBT MOTOR CONTROLLER MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA ELECTRIC VEHICLE MOTOR CONTROLLER MARKET OVERVIEW BY COUNTRY (2016-2028)