Global Electric Vehicle Communication Controller Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 269
- CATEGORY
- Automotive & Transportation
Market Overview:
The Global Electric Vehicle Communication Controller Market size was valued at USD 75.58 million in 2021 and is projected to grow at a CAGR of 36.4% during the forecast period. The Global Electric Vehicle Communication Controller (EVCC) Market refers to the market for electronic devices that are used to enable communication between Electric Vehicles (EVs) and charging infrastructure. These controllers act as intermediaries between the EV and the charging station, facilitating the exchange of information such as power levels, charging status, and payment processing. The EVCC market includes hardware and software components such as charging plugs, communication protocols, and backend systems. The growing adoption of EVs and the increasing demand for faster and more efficient charging solutions are driving the growth of the EVCC market.
Covid-19 Impact:
The global COVID-19 pandemic has had both positive and negative impacts on the Electric Vehicle Communication Controller (EVCC) market.
On the positive side, the pandemic has accelerated the adoption of electric vehicles and the installation of EV charging infrastructure in some regions. This is due to increased government support for green initiatives and the need for sustainable transportation solutions in response to the pandemic. As a result, the demand for EVCCs has increased, as they play a critical role in enabling communication between electric vehicles and charging infrastructure.
On the negative side, the pandemic has disrupted global supply chains, leading to delays in the production and delivery of EVCC components. This has resulted in increased costs and slower deployment of EV charging infrastructure in some regions. Additionally, the economic uncertainty caused by the pandemic has led to reduced consumer spending on electric vehicles, which could have a negative impact on the EVCC market in the short term.
Overall, while the COVID-19 pandemic has presented some challenges for the EVCC market, the long-term outlook remains positive due to the increasing demand for sustainable transportation solutions and the growing adoption of electric vehicles.
Market Dynamics:
Drivers:
Government initiatives: Many governments around the world are implementing policies to encourage the adoption of electric vehicles and the deployment of EV charging infrastructure. This includes subsidies, tax incentives, and regulations that require the installation of EV charging infrastructure in public places.
Increasing demand for electric vehicles: The growing popularity of electric vehicles among consumers is driving the demand for EV charging infrastructure and, in turn, the demand for EVCCs.
Technological advancements: Advances in EV charging technology and EVCCs are improving charging efficiency, reducing charging times, and increasing the convenience of electric vehicle charging.
Environmental concerns: The need to reduce greenhouse gas emissions and air pollution is driving the shift towards electric vehicles and the deployment of EV charging infrastructure.
Cost savings: Electric vehicles have lower operating costs compared to traditional gasoline-powered vehicles, which is a significant driver for consumers. In addition, the lower maintenance costs associated with EVs compared to traditional vehicles is another factor driving the demand for EVs and EVCCs.
Increasing partnerships: Collaboration between automakers, EV charging infrastructure providers, and technology companies is driving innovation and adoption of EVCCs.
Restraints:
Lack of standardization: The lack of standardized communication protocols and charging standards can create interoperability issues between different EVCC systems, which may slow down the deployment of EV charging infrastructure.
High cost: The high cost of EVCC components and systems may limit their adoption, particularly in developing countries where the cost of electric vehicles and charging infrastructure can be a significant barrier.
Limited range: The limited range of electric vehicles compared to traditional vehicles can be a concern for consumers, and the need for more frequent charging may further increase the demand for EVCCs.
Regional Analysis:
North America: The North American market is expected to have significant growth due to government initiatives to promote electric vehicles, increasing demand for sustainable transportation solutions, and a high level of technological advancement.
Europe: Europe is expected to be a leading market for EVCCs due to the strong regulatory framework supporting the deployment of EV charging infrastructure, increasing demand for electric vehicles, and government support for green initiatives.
Asia Pacific: The Asia Pacific region is expected to be the largest market for EVCCs due to the large population, growing demand for electric vehicles, and increasing investment in EV charging infrastructure.
Latin America: The Latin American market for EVCCs is expected to grow due to increasing government initiatives, rising demand for electric vehicles, and a growing awareness of environmental issues.
Middle East and Africa: The Middle East and Africa market for EVCCs is expected to grow due to increasing government initiatives to promote electric vehicles and the deployment of EV charging infrastructure, as well as the region's abundant renewable energy resources.
Market Segmentation:
By vehicle type: The market can be segmented into passenger vehicles, commercial vehicles, and two-wheelers.
By charging type: The market can be segmented into AC charging and DC fast charging.
By communication protocol: The market can be segmented into CCS, CHAdeMO, GB/T, and others.
By component: The market can be segmented into hardware and software components.
By end-user: The market can be segmented into public charging stations, private charging stations, and commercial charging stations.
By region: The market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
The global electric vehicle communication controller (EVCC) market is highly competitive and fragmented, with a large number of players operating in the market.
Some of the major players in the market are:
Robert Bosch GmbH
Siemens AG
ABB Ltd.
Schneider Electric SE
ChargePoint, Inc.
Delta Electronics, Inc.
Efacec Power Solutions, S.A.
Fuji Electric Co., Ltd.
Leviton Manufacturing Co., Inc.
Tesla, Inc.
These companies are primarily focusing on research and development activities to enhance their product offerings, expand their geographical reach, and strengthen their position in the market. Some of the key strategies adopted by these companies include mergers and acquisitions, partnerships, collaborations, and joint ventures.
In addition to the above-mentioned companies, there are also several other players operating in the market, including start-ups and emerging companies that are developing innovative solutions in the EVCC market. The competition is expected to intensify further in the coming years due to increasing demand for electric vehicles and EV charging infrastructure, as well as growing government initiatives to promote sustainable transportation solutions.
Global Electric Vehicle Communication Controller Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Electric Vehicle Communication Controller market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Electric Vehicle Communication Controller product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Electric Vehicle Communication Controller Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Electric Vehicle Communication Controller
1.3 Electric Vehicle Communication Controller Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Electric Vehicle Communication Controller
1.4.2 Applications of Electric Vehicle Communication Controller
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 BYD Auto Market Performance Analysis
3.1.1 BYD Auto Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 BYD Auto Sales, Value, Price, Gross Margin 2016-2021
3.2 Schneider Electric Market Performance Analysis
3.2.1 Schneider Electric Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Schneider Electric Sales, Value, Price, Gross Margin 2016-2021
3.3 Tesla Market Performance Analysis
3.3.1 Tesla Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Tesla Sales, Value, Price, Gross Margin 2016-2021
3.4 LG Innotek Market Performance Analysis
3.4.1 LG Innotek Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 LG Innotek Sales, Value, Price, Gross Margin 2016-2021
3.5 ABB Market Performance Analysis
3.5.1 ABB Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 ABB Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Electric Vehicle Communication Controller Production and Value by Type
4.1.1 Global Electric Vehicle Communication Controller Production by Type 2016-2021
4.1.2 Global Electric Vehicle Communication Controller Market Value by Type 2016-2021
4.2 Global Electric Vehicle Communication Controller Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Wired Market Production, Value and Growth Rate
4.2.2 Wireless Market Production, Value and Growth Rate
4.3 Global Electric Vehicle Communication Controller Production and Value Forecast by Type
4.3.1 Global Electric Vehicle Communication Controller Production Forecast by Type 2021-2026
4.3.2 Global Electric Vehicle Communication Controller Market Value Forecast by Type 2021-2026
4.4 Global Electric Vehicle Communication Controller Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Wired Market Production, Value and Growth Rate Forecast
4.4.2 Wireless Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Electric Vehicle Communication Controller Consumption and Value by Application
5.1.1 Global Electric Vehicle Communication Controller Consumption by Application 2016-2021
5.1.2 Global Electric Vehicle Communication Controller Market Value by Application 2016-2021
5.2 Global Electric Vehicle Communication Controller Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Passenger Car Market Consumption, Value and Growth Rate
5.2.2 Commercial Vehicle Market Consumption, Value and Growth Rate
5.3 Global Electric Vehicle Communication Controller Consumption and Value Forecast by Application
5.3.1 Global Electric Vehicle Communication Controller Consumption Forecast by Application 2021-2026
5.3.2 Global Electric Vehicle Communication Controller Market Value Forecast by Application 2021-2026
5.4 Global Electric Vehicle Communication Controller Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Passenger Car Market Consumption, Value and Growth Rate Forecast
5.4.2 Commercial Vehicle Market Consumption, Value and Growth Rate Forecast
6 Global Electric Vehicle Communication Controller by Region, Historical Data and Market Forecasts
6.1 Global Electric Vehicle Communication Controller Sales by Region 2016-2021
6.2 Global Electric Vehicle Communication Controller Market Value by Region 2016-2021
6.3 Global Electric Vehicle Communication Controller Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Electric Vehicle Communication Controller Sales Forecast by Region 2021-2026
6.5 Global Electric Vehicle Communication Controller Market Value Forecast by Region 2021-2026
6.6 Global Electric Vehicle Communication Controller Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Electric Vehicle Communication Controller Value and Market Growth 2016-2021
7.2 United State Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
7.3 United State Electric Vehicle Communication Controller Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Electric Vehicle Communication Controller Value and Market Growth 2016-2021
8.2 Canada Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
8.3 Canada Electric Vehicle Communication Controller Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Electric Vehicle Communication Controller Value and Market Growth 2016-2021
9.2 Germany Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
9.3 Germany Electric Vehicle Communication Controller Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Electric Vehicle Communication Controller Value and Market Growth 2016-2021
10.2 UK Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
10.3 UK Electric Vehicle Communication Controller Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Electric Vehicle Communication Controller Value and Market Growth 2016-2021
11.2 France Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
11.3 France Electric Vehicle Communication Controller Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Electric Vehicle Communication Controller Value and Market Growth 2016-2021
12.2 Italy Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
12.3 Italy Electric Vehicle Communication Controller Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Electric Vehicle Communication Controller Value and Market Growth 2016-2021
13.2 Spain Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
13.3 Spain Electric Vehicle Communication Controller Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Electric Vehicle Communication Controller Value and Market Growth 2016-2021
14.2 Russia Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
14.3 Russia Electric Vehicle Communication Controller Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Electric Vehicle Communication Controller Value and Market Growth 2016-2021
15.2 China Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
15.3 China Electric Vehicle Communication Controller Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Electric Vehicle Communication Controller Value and Market Growth 2016-2021
16.2 Japan Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
16.3 Japan Electric Vehicle Communication Controller Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Electric Vehicle Communication Controller Value and Market Growth 2016-2021
17.2 South Korea Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
17.3 South Korea Electric Vehicle Communication Controller Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Electric Vehicle Communication Controller Value and Market Growth 2016-2021
18.2 Australia Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
18.3 Australia Electric Vehicle Communication Controller Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Electric Vehicle Communication Controller Value and Market Growth 2016-2021
19.2 Thailand Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
19.3 Thailand Electric Vehicle Communication Controller Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Electric Vehicle Communication Controller Value and Market Growth 2016-2021
20.2 Brazil Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
20.3 Brazil Electric Vehicle Communication Controller Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Electric Vehicle Communication Controller Value and Market Growth 2016-2021
21.2 Argentina Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
21.3 Argentina Electric Vehicle Communication Controller Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Electric Vehicle Communication Controller Value and Market Growth 2016-2021
22.2 Chile Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
22.3 Chile Electric Vehicle Communication Controller Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Electric Vehicle Communication Controller Value and Market Growth 2016-2021
23.2 South Africa Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
23.3 South Africa Electric Vehicle Communication Controller Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Electric Vehicle Communication Controller Value and Market Growth 2016-2021
24.2 Egypt Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
24.3 Egypt Electric Vehicle Communication Controller Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Electric Vehicle Communication Controller Value and Market Growth 2016-2021
25.2 UAE Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
25.3 UAE Electric Vehicle Communication Controller Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Electric Vehicle Communication Controller Value and Market Growth 2016-2021
26.2 Saudi Arabia Electric Vehicle Communication Controller Sales and Market Growth 2016-2021
26.3 Saudi Arabia Electric Vehicle Communication Controller Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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