Global Electric Vehicle Motor (EVM) Controller Market 2017-2021
About Electric Vehicle Motor Controllers
An electric vehicle (EV) motor controller is a device that is used to control the torque produced by electric motors by regulating the energy flow between the motor and power sources.
Technavio’s analysts forecast the global electric vehicle motor controllers market to grow at a CAGR of 42.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle motor controllers market for 2017-2021. To calculate the market size, the report considers the revenue segmentation by powertrain and geography and exclude shipments/volume and aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Vehicle Motor Controllers Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric vehicle motor controllers market: Continental, Delphi, Sevcon, Siemens, and Texas Instruments.
Other Prominent Vendors in the market are: AMC, Air International Thermal Systems, Bosch, BYD, DENSO, EVS, Fuji Electric, FUJITSU, Hitachi Automotive Systems, Mitsubishi Electric, Metric Mind, SME, and TOYOTA INDUSTRIES CORPORATION.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing adoption of SiC and GaN. An EVM controller typically uses Si-based IGBT modules for switching the power. However, the rising demand for an improved range and cost reduction of EVs will push for the size reduction of these power modules, thereby increasing its overall efficiency.”
According to the report, one of the major drivers for this market is use of micro control modules in direct drives to incorporate dynamic safety features. Electric motors achieve the high torque after ignition. This feature eliminates the need for the transmission if the motor is used directly near the wheels to power up since no shifting of power is needed for electric motors. Such systems are called direct drive or in-wheel motors. Vehicles that are equipped with in-wheel motors are expected to be launched by 2017. Such vehicles will have the wheels equipped with motors, which can control each wheel independently, thereby giving an electronic control on brakes and acceleration.
Further, the report states that one of the major factors hindering the growth of this market is increase in controller price due to the complexity of functions and architecture. The additional components that comprise an EV compared to conventional gasoline/diesel powered vehicles are the battery, electric controller, motor, and power inverter. The supplier-level cost of these components, except controllers, will decline during the forecast period. This is due to the mass production of EV parts that arise from the increasing demand for EVs worldwide.
Continental, Delphi, Sevcon, Siemens, Texas Instruments, AMC, Air International Thermal Systems, Bosch, BYD, DENSO, EVS, Fuji Electric, FUJITSU, Hitachi Automotive Systems, Mitsubishi Electric, Metric Mind, SME, and TOYOTA INDUSTRIES CORPORATION.