Global EV Motor Controller Market Overview

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

The motor, power supply, controller, drive train, and charger are the main components of an electric vehicle system. In an electric car or an EVM controller by altering the energy flow from the power sources to the motor, a motor controller is used to manage the torque produced by the motors of electric cars. A motor controller is a tool that enhances an electric motor's performance in a planned manner. The requirement for more effective and intelligent motor control becomes increasingly pressing as the market for hybrid electric vehicles (HEV) and electric cars (EV) starts to expand. Original equipment manufacturers (OEMs) are more concerned than ever with how to improve the performance of electric motors (such as torque control) while maintaining a high degree of system visibility through diagnostics to always be aware of the state of the system. Highly integrated motor-position control systems, particularly those that address motor efficiency and torque management, are crucial for achieving these objectives. 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.

Market Dynamics And Factors For EV Motor Controller Market

Drivers:

  • Demand for Highly Efficient Motor Controller Boost the Market Growth

Restraints:

  • Global Shortage of Semiconductor Chip

Opportunities:

  • High Growth Opportunity for Asian Manufacturers

Challenges:

  • Increase in Controller Cost Due To Result of The Architecture's and Functions' Complexity

COVID-19 Impact Analysis on EV Motor Controller Market

Due to severe lockdowns, drop-in sales, and halted car manufacturing, the global coronavirus pandemic has had a detrimental impact on the market for electric vehicle motor (EVM) controllers. The rapid global spread of the coronavirus and the widespread implementation of lockdowns have had a detrimental effect on the market for electric vehicle motor (EVM) controllers. Automotive sector producers are making up the losses incurred as a result of the ecosystem disruption and declining sales of electric vehicles. Electric cars are becoming more and more popular in emerging nations because of their fuel efficiency, great performance, and light weight. Due to their minimal emissions, battery-powered electric vehicles are becoming more and more popular with consumers. Major firms in the auto industry are making investments and increasing their production capacity to use cutting-edge parts for electric vehicles. The motor, power supply, controller, drive train, and charger are the main elements of an electric vehicle system. By altering the energy flow from the power sources to the motor, an EVM controller is a device used to manage the torque produced by the motors of electric vehicles. A motor controller is used to enhance an electric motor's performance. The worldwide market for electric vehicle motor controllers will be driven in the future years by technological improvements to create more energy-efficient electric automobiles.

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.

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.

Global EV Motor Controller Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XX Mn.

Forecast Period 2022-28 CAGR:

XX%

Market Size in 2028:

USD XX Mn.

Segments Covered:

By Type

  • AC Permanent Magnet Synchronous Motor Controller
  • AC Asynchronous Motor Controller
  • DC Motor Controller

By Vehicle Type

  • Passenger vehicle
  • Commercial vehicle

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Demand for Highly Efficient Motor Controller Boost the Market Growth

Key Market Restraints:

  • Global Shortage of Semiconductor Chip

Key Opportunities:

  • High Growth Opportunity for Asian Manufacturers

Companies Covered in the report:

  • Shenzhen Inovance Technology Co., Ltd., Jing-Jin Electric Technologies (Beijing) Co., Ltd., Nidec (Beijing) Drive Technologies Co., Ltd, and Other major players.

Get the table of contet at sales@introspectivemarketresearch.com

Global EV Motor Controller Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XX Mn.

Forecast Period 2022-28 CAGR:

XX%

Market Size in 2028:

USD XX Mn.

Segments Covered:

By Type

  • AC Permanent Magnet Synchronous Motor Controller
  • AC Asynchronous Motor Controller
  • DC Motor Controller

By Vehicle Type

  • Passenger vehicle
  • Commercial vehicle

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Demand for Highly Efficient Motor Controller Boost the Market Growth

Key Market Restraints:

  • Global Shortage of Semiconductor Chip

Key Opportunities:

  • High Growth Opportunity for Asian Manufacturers

Companies Covered in the report:

  • Shenzhen Inovance Technology Co., Ltd., Jing-Jin Electric Technologies (Beijing) Co., Ltd., Nidec (Beijing) Drive Technologies Co., Ltd, and Other major players.

Get the tables and figures at sales@introspectivemarketresearch.com

Frequently Asked Questions :

What would be the forecast period in the EV Motor Controller Market research report?

The forecast period in the EV Motor Controller Market research report is 2022-2028.

Who are the key players in EV Motor Controller market?

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, Profile, 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.

What are the segments of EV Motor Controller market?

The EV Motor Controller market is segmented into Type, Vehicle Type and region. By Type, the market is categorized into AC Permanent Magnet Synchronous Motor Controller, AC Asynchronous Motor Controller, DC Motor Controller. By Vehicle Type, it is classified into Passenger vehicle, Commercial vehicle. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the EV Motor Controller market?

The motor, power supply, controller, drive train, and charger are the main components of an electric vehicle system. In an electric car or an EVM controller by altering the energy flow from the power sources to the motor, a motor controller is used to manage the torque produced by the motors of electric cars.

How big is the EV Motor Controller market?

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