As per our research Report, the Electric Vehicle Motor Controllers Market is forecasted to be growing at a CAGR of 16% from 2024 to 2030.
The electric vehicle motor controller is the electronics package, which functions between the motor and the batteries to monitor the electric vehicle's speed and acceleration similar to how a carburetor does in a gasoline-powered vehicle. The controller regulates the energy flow from the battery and transforms the direct current from the battery into alternating current (only for AC motors). Against the carburetor, the EVM controller will also reverse the motor's rotation so that the vehicle can head in the opposite direction. It will also change the motor into a generator so that the kinetic energy of motion can be utilized to charge the battery when the brake is applied. A basic variable-resistor-type motor controller was applied in initial EVs with DC motors to regulate the speed and acceleration of the vehicle. A controller of this kind always uses the battery's full power and current. High resistance was utilized to lower the motor's current at slow speeds when it was not needed to use all of the power. With this kind of system, a huge level of energy from the battery was squandered as an energy loss in the resistor. Only at high speeds was all of the obtainable power utilized.
An electronic process called pulse width modulation is used in modern controllers to adjust acceleration and speed. Silicone-controlled rectifiers and other switching devices swiftly interrupt the electricity flow to the motor. When the intervals (when the current is turned off) are short, high power (high speed and/or acceleration) is accomplished. When the intervals are lengthier, they result in low power as well as low speed and/or acceleration. The majority of vehicle controllers also involve a regenerative braking system. When the vehicle is slowed down, the method known as regenerative braking uses the motor as a generator to charge the batteries. The motor or controller transforms some of the kinetic energy normally absorbed by the brakes into heat and utilizes it to recharge the batteries during regenerative braking. Not only does regenerative braking widen the range of an electric vehicle by 5 to 10 percent, but it also reduces brake wear and lowers the cost of maintenance.
High-level controllers are applied in electric vehicles to enhance their efficiency. In developing countries, numerous regulations have been implemented by governments regarding fuel efficiency. In several economies, the use of high-level controllers has been supported owing to the rising vehicle emissions. The market for electric vehicle motor controllers is highly directed by this factor. The rising efforts by top companies to reduce emissions are more likely to support market growth. To attract customers globally, automobile manufacturers are enabling this technology to manufacture low-emissive electric vehicles. Hence, this factor drives the demand for electric vehicle motor controllers.
The AC permanent magnet synchronous motor controller is strengthening in popularity due to its advantages, such as compact size and lightweight, wide speed range, high efficiency, high acceleration obtainability, great dynamic performance, and large overload capacity. Therefore, this lead also drives the ask for electric vehicle motor controllers. Market expansion strategies offer lucrative opportunities in the global electric vehicle motor controller market. Given the growing demand for electric vehicle motor controllers due to the stringent emission and fuel economy regulations and the rising popularity of AC permanent magnet synchronous motor controllers because of their advantages, involving compact size, high efficiency, high performance, etc., major electric vehicle motor controller companies can stand to earn significantly from this opportunity by expanding their products to emerging markets, to widen their customer base and boost their overall revenue.
The outbreak of the COVID-19 pandemic substantially affected the global electric vehicle motor controllers market. The imposition of strict lockdowns, traveling restrictions, and social distancing measures across several nations affected many companies' manufacturing capacities and caused a shortage of skilled workforce. The pandemic caused disturbances in supply chains and distribution of goods and services, which highly affected the production and distribution of electric vehicle motor controllers. Moreover, one of China's major automotive manufacturing facilities is in Wuhan where the COVID-19 outbreak began, which highly affected the sales of electric vehicles and their components in the Asia-Pacific region. These factors detrimentally impacted the development of the global electric vehicle motor controllers market. Despite these hurdles, the global electric vehicle motor controllers market is projected to recover and grow in the future years, owing to the increasing demand for fuel-efficient and high-performance vehicles.
Key Market Insights:
Based on the product type, the global electric vehicle motor controllers market is divided into AC permanent magnet synchronous motor controllers, AC asynchronous motor controllers, and DC motor controllers. In 2022, the AC permanent magnet synchronous motor controller segment held the biggest market share. The growth can be dedicated to the rising adoption of AC permanent magnet synchronous motor controllers due to the benefits these motor controllers offer over other motor controllers, including high-efficiency and high-performance motor drives. Smooth motor rotation over the entire speed range, complete torque control at zero speed, and rapid acceleration and deceleration are all characteristics of high-performance motor control.
Based on the power output, the global electric vehicle motor controllers market is divided into 1-20 kW, 21-40 kW, 41-80 kW, and above 80 kW. In 2022, the above 80 kW segment held the largest market share. The growth can be dedicated to the growing demand for high-performance electric vehicles, which need the highest power output to deliver quick acceleration and reach speeds above 100 mph.
Based on the application, the global electric vehicle motor controllers market is split into pure electric vehicles, full hybrid electric vehicles, mile hybrid electric vehicles, and plug-in hybrid electric vehicles. In 2022, the pure electric vehicle segment held the biggest market share. The growth can be dedicated to the increasing demand for pure electric vehicles in countries where the government initiated stringent fuel regulations due to the rising cases of global warming and climate change. Additionally, several governments provide incentives to buyers of pure electric vehicles, involving financial incentives, tax savings, and regulatory benefits.
In 2022, the region of Asia-Pacific held the biggest share of the global electric vehicle motor controllers market. The growth can be dedicated to the escalating demand for electric vehicles, the presence of advanced research and development facilities for EVM controllers, and strong government encouragement for the adoption of electric vehicles. In addition, the region is home to several pivotal market players, including Toyota Industries Corporation, Hitachi Automotive Systems, Shanghai E-drive Co. Ltd, etc.
AC Permanent Magnet Synchronous Motor Controller
AC Asynchronous Motor Controller
DC Motor Controller
1-20 kW
21-40 kW
41-80 kW
Above 80 kW
Pure Electric Vehicle
Full Hybrid Electric Vehicle
Mile Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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