Transparency Market Research

Electric Vehicle Motor Controller Market: Applications and Global Markets

 

Albany, NY -- (SBWIRE) -- 02/07/2018 -- 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.

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.

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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.

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.