Global Electric Vehicle Communication Controller Market is expected to grow at a CAGR of 35% during the forecast period 2021-2026

Expert Market Research’s new report titled “Global Electric Vehicle Communication Controller Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, gives an in-depth analysis of the global market. Electric Vehicle Communication Controller Market, assessing the market based on its segments such as systems, charging type, electric vehicle type and major regions like North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2021-2026)

• Historical market value (2020): 53 billion USD.
• Forecast CAGR (2021-2026): 35%
• Forecast market value (2026): 321 billion USD.

The electric vehicle communication controller market is expected to witness high growth in the commercial vehicle segment, as these vehicles are used for long-distance transportation and delivery of large cargoes and require high range and reliability. The electric vehicle communication controller can play a vital role in these vehicles by assisting in fast motor charging.

Industry definition and major segments

The electric vehicle communication controller is an essential component that enables communication between a vehicle and an electric vehicle charger for fast charging. The electric vehicle communication controller serves as a conduit for the exchange of information between an internal battery and the vehicle’s ECU.

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Based on Systems, the market is split into:

• EV Communication Controller (EVCC)
• Power Equipment Communication Controller (SECC)

Based on Refill Types, the market is split into:

• Wired charging (plug-in)
• Wireless charging (inductive charging)

On the basis of Electric Vehicle Type, the market is categorized into:

• Battery Electric Vehicle (BEV)
• Plug-in hybrid electric vehicle (PHEV)

Regional Panel Markets of Global Face Masks Market:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

The increased demand for electric vehicles is driving the expansion of the market. The growing need for fast charging is likely to fuel the EV communication controller market in the passenger vehicle segment. The increase in electric bus sales has contributed to the boom in the electric bus segment, especially in China. Several countries are planning to replace their current fleet of fuel buses with electric buses. The growing trend of replacing fossil fuel-powered public transport fleets with electric buses is expected to drive the expansion of the commercial electric vehicle market, which in turn will fuel the growth of the electric vehicle communication controller industry.

Main market players

The major market players are Tesla Inc. (NASDAQ: TSLA), BYD Company Ltd, Schneider Electric SE, Efacec Power Solutions, SGPSSA, Robert Bosch GmbH 2018, Vector, LG Corp, among others. The report covers market shares, capacities, plant rotations, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

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