EV Motor Controller Market Innovation and Technological Advancements

1. EV MOTOR CONTROLLER MARKET GLOBAL ANALYSIS REPORT 2023-2030 Published by: Shweta, Automotive and Transportation Specialist

2. Market Size & Overview: The global Electric Vehicle (EV) Motor Controller Market was valued at approximately USD 5.73 billion in 2023 and is projected to reach around USD 17.20 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 17% during the forecast period. EV motor controllers are essential components that regulate the performance of electric motors in vehicles, influencingspeed, torque, and overall efficiency.

3. Market Growth & Opportunities The market's growth is primarily driven by the increasing adoption of electric vehicles, propelled by environmental concerns and supportive government policies promoting cleaner transportation options. Technological advancements, such as the integration of Silicon Carbide (SiC) and Gallium Nitride (GaN) components, are enhancing the efficiency and performanceof motor controllers,creating new opportunities for market expansion. Sample Request Sample Request

4. Market Segmentation ➢by Vehicle Type ➢by Output Power Plug-In 1-20 KW Hybrid 21-40 KW Battery Operated 41-80 KW Above 80 KW ➢by Controller Type Si IGBT Motor Controller ➢by End-Use SiC IGBT Motor Controller Electric Bicycle Passenger Vehicle Commercial Vehicle

5. Regional Analysis: • North America: The region is experiencing growth in the EV motor controller market due to the increasing adoption of electric vehicles and the implementation of stringent emission regulations. The presence of major EV manufacturers and technological advancements further contribute to market expansion. • Europe: Europe's market growth is driven by stringent emission norms and government support for electric mobility. Countries like Germany, France, and the UK are accelerating EV adoption through the provision of adequate charging infrastructure and supportive policies. • Asia-Pacific (APAC): The APAC region accounted for a significant revenue share in 2024 and is expected to exceed USD 10.5 billion by 2034. China leads the market in this region, driven by major players such as BYD, NIO, and Geely in its burgeoning EV manufacturing sector.

6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request Customized Report Request

7. Merges and Acquisition ▪ BorgWarner's Acquisition of Sevcon: In September 2017, BorgWarner finalized its acquisition of Sevcon, Inc., a global player in electrification technologies. This acquisition complements BorgWarner’s power electronics capabilities utilized to provide electrified propulsion solutions. ▪ ABB's Acquisition of Siemens Gamesa's Power Electronics Unit: In December 2024, ABB agreed to acquire the power electronics business from Siemens Gamesa to enhance its position in the renewable power conversion technology market. This transaction is expected to conclude in the second half of 2025. ▪ American Axle & Manufacturing's Acquisition of Dowlais: In January 2025, American Axle & Manufacturing agreed to a £1.2 billion takeover of British car parts maker Dowlais. This deal aims to support both companies' adaptation to the electric vehicle market and reflects increased transatlantic merger activities. Buy This Report Buy This Report

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