Global Electric Vehicle Communication Controller Market Size study, by System (EV Communication Controller (EVCC), Supply Equipment Communication Controller (SECC)), by Charging Type (Wired Charging (Plug-In), by Wireless Charging (Inductive Charging)), by Electric Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), by Vehicle Type (Passenger Car, Commercial Vehicles) and Regional Forecasts 2019-2026
- Report Code : BIZ1730859
- Published On: May, 2020
- Category : Hardware
- Pages : 200
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Global Electric Vehicle Communication Controller Market is valued approximately at USD 41.08 million in 2018 and is anticipated to grow with a healthy growth rate of more than 33.90% over the forecast period 2019-2026. Electric vehicle communication controller is a device used for communication amongst the electric vehicle and charger for rapid charging of the electric vehicle. This device not only receives power from electric vehicle supply equipment (EVSE), it also works as the gateway to exchange the data between the vehicle Electronical Control Unit (ECU) and external charger. Increasing sales of electric vehicle, rising government incentives and support towards electric vehicles, increased focus on reduction in carbon emission and heavy investments by automakers in electronic vehicles are the few factor responsible for high CAGR of the market over the forecast period. For instance, as per the Edison Electric Institute it is estimated that global electric vehicles sales totaled about 312,000 in Q1 2018, up from nearly 58% compared to Q1 2017. Also, it is estimated that number of electric on the road in the United States, is about 8,90,000 in 2018, an increase from number of electric vehicles of approximately 6,00,000 in 2017. Also, Indian government has approved a scheme to spend $1.4 billion to subsidize sales of hybrid and electric vehicles as part of efforts to reduce pollution and minimize dependence on fossil fuels. Thus, rising production of electric vehicle followed by favorable government initiatives is promoting the sales for electric vehicles thereby, promoting the demand for electric vehicle communication controller around the world. Moreover, use of vehicle-to-grid (V2g) EV charging stations for electric vehicles along with increasing demand for wireless charging safety and convenience are the major factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, lack of standardization in charging infrastructure is one of the factor anticipated to limiting the growth of global electric vehicle communication controller market during the forecast period.
The regional analysis of global Electric Vehicle Communication Controller Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of revenue and market share owing to the strict emission regulation standards to cope with increasing emissions, growing demand for electric vehicles and rising industrialization in this region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising government initiatives to reduce tax rate on the electric vehicle, increasing penetration of electronic vehicles and presence of stringent emission norms in the region that would create the lucrative demand for the electric vehicle communication controller across the Asia-Pacific region.
Major market player included in this report are:
LG Innotek
Tesla
BYD Auto
Schneider Electric
ABB
Ficosa
Bosch
Vector
Siemens
Mitsubishi Electric
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By System:
EV Communication Controller (EVCC)
Supply Equipment Communication Controller (SECC)
By Charging Type:
Wired Charging (Plug-In)
Wireless Charging (Inductive Charging)
By Electric Vehicle Type:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
By Vehicle Type:
Passenger Car
Commercial Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Electric Vehicle Communication Controller Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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With tables and figures helping analyze worldwide Global Electric Vehicle Communication Controller market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Million)
1.2.1. Electric Vehicle Communication Controller Market, by System, 2017-2026 (USD Million)
1.2.2. Electric Vehicle Communication Controller Market, by Charging Type, 2017-2026 (USD Million)
1.2.3. Electric Vehicle Communication Controller Market, by Electric Vehicle Type, 2017-2026 (USD Million)
1.2.4. Electric Vehicle Communication Controller Market, by Vehicle Type, 2017-2026 (USD Million)
1.2.5. Electric Vehicle Communication Controller Market, by Region, 2017-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Vehicle Communication Controller Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. System Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Vehicle Communication Controller Market Dynamics
3.1. Electric Vehicle Communication Controller Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Electric Vehicle Communication Controller Market System Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Vehicle Communication Controller Market, by System
5.1. Market Snapshot
5.2. Global Electric Vehicle Communication Controller Market by System, Performance - Potential Analysis
5.3. Global Electric Vehicle Communication Controller Market Estimates & Forecasts by System 2016-2026 (USD Million)
5.4. Electric Vehicle Communication Controller Market, Sub Segment Analysis
5.4.1. EV Communication Controller (EVCC)
5.4.2. Supply Equipment Communication Controller (SECC)
Chapter 6. Global Electric Vehicle Communication Controller Market, by Charging Type
6.1. Market Snapshot
6.2. Global Electric Vehicle Communication Controller Market by Charging Type, Performance - Potential Analysis
6.3. Global Electric Vehicle Communication Controller Market Estimates & Forecasts by Charging Type 2016-2026 (USD Million)
6.4. Electric Vehicle Communication Controller Market, Sub Segment Analysis
6.4.1. Wired Charging (Plug-In)
6.4.2. Wireless Charging (Inductive Charging)
Chapter 7. Global Electric Vehicle Communication Controller Market, by Electric Vehicle Type
7.1. Market Snapshot
7.2. Global Electric Vehicle Communication Controller Market by Electric Vehicle Type, Performance - Potential Analysis
7.3. Global Electric Vehicle Communication Controller Market Estimates & Forecasts by Electric Vehicle Type 2016-2026 (USD Million)
7.4. Electric Vehicle Communication Controller Market, Sub Segment Analysis
7.4.1. Battery Electric Vehicle (BEV)
7.4.2. Plug-In Hybrid Electric Vehicle (PHEV)
Chapter 8. Global Electric Vehicle Communication Controller Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Electric Vehicle Communication Controller Market by Vehicle Type, Performance - Potential Analysis
8.3. Global Electric Vehicle Communication Controller Market Estimates & Forecasts by Vehicle Type, 2016-2026 (USD Million)
8.4. Electric Vehicle Communication Controller Market, Sub Segment Analysis
8.4.1. Passenger Car
8.4.2. Commercial Vehicles
Chapter 9. Global Electric Vehicle Communication Controller Market, Regional Analysis
9.1. Electric Vehicle Communication Controller Market, Regional Market Snapshot
9.2. North America Electric Vehicle Communication Controller Market
9.2.1. U.S. Electric Vehicle Communication Controller Market
9.2.1.1. System breakdown estimates & forecasts, 2016-2026
9.2.1.2. Charging Type breakdown estimates & forecasts, 2016-2026
9.2.1.3. Electric Vehicle Type breakdown estimates & forecasts, 2016-2026
9.2.1.4. Vehicle Type breakdown estimates & forecasts, 2016-2026
9.2.2. Canada Electric Vehicle Communication Controller Market
9.3. Europe Electric Vehicle Communication Controller Market Snapshot
9.3.1. U.K. Electric Vehicle Communication Controller Market
9.3.2. Rest of Europe Electric Vehicle Communication Controller Market
9.4. Asia-Pacific Electric Vehicle Communication Controller Market Snapshot
9.4.1. China Electric Vehicle Communication Controller Market
9.4.2. India Electric Vehicle Communication Controller Market
9.4.3. Japan Electric Vehicle Communication Controller Market
9.4.4. Rest of Asia Pacific Electric Vehicle Communication Controller Market
9.5. Latin America Electric Vehicle Communication Controller Market Snapshot
9.5.1. Brazil Electric Vehicle Communication Controller Market
9.5.2. Mexico Electric Vehicle Communication Controller Market
9.6. Rest of The World Electric Vehicle Communication Controller Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. LG Innotek
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject To Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Tesla
10.2.3. BYD Auto
10.2.4. Schneider Electric
10.2.5. ABB
10.2.6. Ficosa
10.2.7. Bosch
10.2.8. Vector
10.2.9. Siemens
10.2.10. Mitsubishi Electric
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
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The Global Electric Vehicle Communication Controller Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
New players are entering the Global Electric Vehicle Communication Controller Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
In 2023, the Global Electric Vehicle Communication Controller Market share exceeded USD xx million. Between 2024 and 2029, it will grow at a CAGR of yy%.
According to the Global Electric Vehicle Communication Controller Market research paper, organizations are making more progress than their supply chain counterparts, including suppliers.
In this highly competitive and rapidly evolving Global Electric Vehicle Communication Controller Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.
