PUBLISHER: QYResearch | PRODUCT CODE: 1072022
PUBLISHER: QYResearch | PRODUCT CODE: 1072022
The global Electric Vehicle Motor Controller market was valued at USD 9,124.52 million in 2021 and is expected to reach USD 77,933.34 million by the end of 2028, growing at a CAGR of 31.18% between 2022 and 2028. In 2021, High Voltage (144 to 800V) accounted for a major share of 90.65% the global Electric Vehicle Motor Controller market, this product segment is poised to reach US$ 76,353.17 million by 2028 from US$ 8,271.15 million in 2021. While Passenger Car segment is altered to an 33.10% CAGR throughout this forecast period.
North America Electric Vehicle Motor Controller market size was US$ 1,535.39 million in 2021, while Europe was US$ 2,930.33 million. The proportion of the North America was 16.82% in 2021, while Europe's percentage was 32.11%, and it is predicted that North America market share will reach 24.67% in 2028, trailing a CAGR of 39.68% through the analysis period. As for the Asia, the notable markets are China and Japan, CAGR is 28.67% and 36.14% respectively for the next 6-year period.
The global major manufacturers of Electric Vehicle Motor Controller include Tesla, ZF, BYD, BorgWarner and Bosch, etc. In terms of revenue, the global five largest players hold a 63.75% market share of Electric Vehicle Motor Controller in 2021.
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.