DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Communication Controller Market by System (EVCC and SECC), Charging Type (Wired and Wireless), Electric Vehicle Type (BEV and PHEV), Vehicle Type (Passenger Car and Commercial Vehicle), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Electric Vehicle Communication Controller Market is Estimated to Grow from USD55 Million in 2019 to USD563 Million by 2027, at a CAGR of 33.8%.
Increasing demand for electric vehicles and advancements in charging solutions are driving the growth of the electric vehicle communication controller market globally
EV communication controller (EVCC) is a key component that supports communication between a vehicle and a charger for rapid charging of an electric vehicle. EVCC acts as a gateway to exchange information mutually through communication between an external charger and vehicle ECU. It satisfies the international standard of electric car charger ISO15118 and DIN70121 and can work with Smart Grid to provide high-quality electric car information service.
Increasing pollution and the threat of global warming have accentuated the need to replace petroleum-fueled vehicles with emission-free substitutes. After decades of R&D, the industry has found electric vehicles to be the best suitable substitute for traditionally fueled vehicles, which has resulted in the emergence of electric vehicles. The increasing demand for alternative fuel vehicles has fueled the growth of electric vehicles.
Moreover, to reduce crude oil consumption, automotive emission, and air pollution, governments all around the world have adopted and implemented favourable policies to promote electric vehicles. The increasing demand for electric vehicles will, in turn, fuel the growth of components such as EV communication controller (EVCC) that helps to normalize the current flowing from the charger to electric vehicle. EVCC communicates with the supply equipment communication controller (SECC) on the charger.
The growth of the EV communication controller market depends on the factors mentioned below:
- Increasing demand for fast and efficient charging
- Developments in the field of wireless/inductive charging
- An increasing number of charging stations
- Proactive initiatives by OEMs in EV manufacturing
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Incentives and Support Toward Electric Vehicles
5.2.1.2 Heavy Investments By Automakers in Evs
5.2.2 Restraints
5.2.2.1 Lack of Standardization in Charging Infrastructure
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Wireless Charging Safety and Convenience
5.2.3.2 Use of Vehicle-To-Grid (V2g) EV Charging Stations for Electric Vehicles
5.2.4 Challenges
5.2.4.1 Developing Fail-Safe Electric Vehicle Components
5.2.4.2 Stringent Rules for Installation of Charging Stations
6 EV Communication Controller Market, By System
6.1 Introduction
6.2 Research Methodology
6.3 EV Communication Controller (EVCC)
6.3.1 Demand for Higher Range in Electric Vehicle has Boosted the Demand for EV Communication Controller
6.4 Supply Equipment Communication Controller (SECC)
6.4.1 Increasing Demand for Safety While Fast Charging is Estimated to Increase the Demand for SECC
6.5 Key Primary Insights
7 Electric Vehicle Communication Control Market, By Charging Type
7.1 Introduction
7.2 Research Methodology
7.3 Wired Charging (Plug-In)
7.3.1 Multiple Type of Charging Standards Across the Globe has Impacted the Demand for EVCC in Positive Way
7.4 Wireless Charging (Inductive Charging)
7.4.1 Factors Such as Convenience While Charging Will Boost the Market for Wireless Charging and Subsequently for the Communication Controller Market
7.5 Key Primary Insights
8 Electric Vehicle Communication Control Market, By Electric Vehicle Type
8.1 Introduction
8.2 Research Methodology
8.3 Battery Electric Vehicle (BEV)
8.3.1 Increasing Range Per Charge and Battery Capacity in the BEV Will Drive the Market for EVCC
8.4 Plug-In Hybrid Electric Vehicle (PHEV)
8.4.1 Longer Range Provide By PHEV Will Drive the Market for EVCC for PHEVs in Coming Future
8.5 Key Primary Insights
9 EV Communication Controller Market, By Vehicle Type
9.1 Introduction
9.2 Research Methodology
9.3 Passenger Car (PC)
9.3.1 PC is Estimated Account for the Highest Market Share of EVCC Market By Vehicle Type
9.4 Commercial Vehicles (CV)
9.4.1 Increasing Usage of Electric Buses Across the Globe Will Drive the Market for EVCC in Commercial Vehicle
9.5 Key Primary Insights
10 EV Communication Controller Market, By Region
Competitive Landscape
Company Profiles: Business Overview, Products Offered, Recent Developments & SWOT Analysis
- LG Innotek
- Tesla
- BYD Auto
- Schneider Electric
- ABB
- Ficosa
- Bosch
- Vector
- Siemens
- Efacec
- Engie
Other Key Players
- Mitsubishi Electric
- Leviton
- Blink Charging
- Clippercreek
- Semaconnect
- Webasto
- Opconnect
- Evgo
- Volta
- EV Safe Charge
- Chargepoint
- Pulse Charge
- New Motion B.V
- Alfen
- Allego
- Ionity
- Wallbox
- Heliox
- Spark Horizon
- BP Chargemaster
- Pod Point
- ECOG
For more information about this report visit https://www.researchandmarkets.com/r/j5qf1i
