The global electric vehicle communication controller (EVCC) market size
is expected to reach USD 436.5 million by 2026, registering a CAGR of 32.5%
from 2020 to 2026, according to a new report by Grand View Research, Inc. The
market is driven by increasing adoption of electric vehicles (EV) and
advancements in charging solutions. Prominent companies in the market,
including Tesla, Inc. and LG INNOTEK, are focusing on development of advanced
charging technology. Furthermore, rising demand for fast charging technology is
fueling market growth.
On-going developments in wireless charging
technology for EVs and associated safety concerns are significantly
contributing to the growing demand for EVCC. Various Original Equipment
Manufacturers (OEMs) and automotive manufacturers have established partnerships
for the development of EVCC and incorporating EVCC in wireless charging
technology. For instance, Enide, AB Volvo, Continental AG, and HELLA GmbH &
Co. KGaA have collaborated on the UNPLUGGED project aimed at development of wireless
charging technology. Rise in the number of EVs is fueling the demand for
Vehicle-to-Grid (V2G) technology, through which the automobiles can recharge
their battery and simultaneously send back electric energy into the grid, when
there is a surge in demand. Increasing adoption of EVCC in the development of
V2G technology is accelerating market growth.
Governments in countries such as U.S., China,
and Germany are collaborating with various academic institutions such as Sandia
National Laboratories and the University of Delaware for the development of V2G
technology. Furthermore, the growing Public-Private Partnerships for the
development of EVCC are expected to propel the market. In May 2012, the
University of Delaware, Exelon Corporation, various OMEs, and the U.S.
government established the Mid-Atlantic Grid Interactive Car Consortium
(MAGICC) that focused on the development of EVCC for V2G. The MAGICC project
was funded USD 200,000 by the Delaware Green Energy fund, USD 250,000 by Exelon
Corporation, and USD 150,000 from Google LLC for R&D.
Browse full research report on Electric
Vehicle Communication Controller Market:
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-communication-controller-evcc-market
Further key
findings from the report suggest:
- The Supply Equipment Communication Controller
(SECC) communication controller segment is expected to grow significantly
owing to rising need for safety while ensuring fast charging
- The wireless charging technology segment is
anticipated to register the highest CAGR over the forecast period owing to
numerous benefits offered, such as full autonomy and convenience for EV
passengers
- The Battery Electric Vehicle (BEV) segment is
anticipated to grow significantly over the next few years owing to growing
initiatives by OEMs toward the development of EVCC for charging stations
in cities
- The commercial segment is expected to grow
remarkably over the forecast period owing to rise in the adoption of EVCC
in the fleet of logistic and public transport agencies
- The Asia Pacific market is expected to grow
significantly over the forecast period owing to increasing national
standards for EV charging interfaces and communications protocols set by
the National Energy Administration, China
- Key players in the electric vehicle
communication controller market are ABB, Ltd.; BYD Auto; Efacec; Ficosa;
LG INNOTEK; Mitsubishi Electric; Robert Bosch LLC; Schneider Electric;
Tesla, Inc.; and Vector.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/electric-vehicle-communication-controller-evcc-market/request/rs1
Grand
View Research has segmented the electric vehicle communication controller market
based on system, charging type, electric vehicle type, application, and region:
EVCC System
Outlook (Revenue, USD Thousand, 2015 - 2026)
- Vehicle Based
Communication Controller
- Supply Equipment
Communication Controller (SECC)
EVCC Charging
Type Outlook (Revenue, USD Thousand, 2015 - 2026)
- Wired Charging
- Wireless Charging
EVCC Electric
Vehicle Type Outlook (Revenue, USD Thousand, 2015 - 2026)
- Battery Electric
Vehicle (BEV)
- Plug-In Hybrid
Electric Vehicle (PHEV)
EVCC
Application Outlook (Revenue, USD Thousand, 2015 - 2026)
- Passenger Vehicle
- Commercial Vehicle
EVCC Regional
Outlook (Revenue, USD Thousand, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- Netherlands
- U.K.
- France
- Norway
- Germany
- Asia Pacific
- China
- Japan
- South Korea
- Latin America
- Brazil
- Middle East &
Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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