The Europe Electric Vehicle Communication Controller Market is expected to witness market growth of 32.0 % CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Electric Vehicle Communication Controller Market, By Country in 2023, and is expected to continue to be a dominant market till 2030; thereby, achieving a market value of $120.46 millions by 2031. The UK market is exhibiting a CAGR of 30.9% during 2024-2031. Additionally, the France market would experience a CAGR of 33.3% during 2024-2031.
The growth of EV fleets in commercial and public sectors significantly contributes to the rising demand for EVCC. For example, the United Kingdom has launched a second iteration of its zero-emission bus program, providing GBP 129 million (almost USD 160 million) to support deployment over the next few years. India's objective is to have 50,000 electric vehicles operating on its roadways by 2027, as was previously disclosed in late 2023.
Additionally, this large-scale adoption of electric buses necessitates robust EVCC systems that manage the complex communication between the vehicle and charging infrastructure, ensuring efficient and secure charging, which is critical for the smooth operation of public transportation networks.
Europe is at the forefront of the global adoption of electric vehicles (EVs), with a well-developed infrastructure for charging stations and an increasing focus on integrating renewable energy with electric mobility solutions. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%).
The Germany market dominated the Europe Electric Vehicle Communication Controller Market, By Country in 2023, and is expected to continue to be a dominant market till 2030; thereby, achieving a market value of $120.46 millions by 2031. The UK market is exhibiting a CAGR of 30.9% during 2024-2031. Additionally, the France market would experience a CAGR of 33.3% during 2024-2031.
The growth of EV fleets in commercial and public sectors significantly contributes to the rising demand for EVCC. For example, the United Kingdom has launched a second iteration of its zero-emission bus program, providing GBP 129 million (almost USD 160 million) to support deployment over the next few years. India's objective is to have 50,000 electric vehicles operating on its roadways by 2027, as was previously disclosed in late 2023.
Additionally, this large-scale adoption of electric buses necessitates robust EVCC systems that manage the complex communication between the vehicle and charging infrastructure, ensuring efficient and secure charging, which is critical for the smooth operation of public transportation networks.
Europe is at the forefront of the global adoption of electric vehicles (EVs), with a well-developed infrastructure for charging stations and an increasing focus on integrating renewable energy with electric mobility solutions. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%).
List of Key Companies Profiled
- ABB Group
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Sensata Technologies Holdings PLC
- Ficosa International S.A
- LG Innotek Co Ltd. (LG Display)
- Robert Bosch GmbH
- Vector Informatik GmbH
- Tesla, Inc.
Market Report Segmentation
By System- Vehicle-based Communication Controller
- Supply Equipment Communication Controller (SECC)
- Wired Charging
- Wireless Charging
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Passenger Vehicle
- Commercial Vehicle
- Germany
- UK
- France
- Russia
- Norway
- Netherlands
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Electric Vehicle Communication Controller Market, By System
Chapter 6. Europe Electric Vehicle Communication Controller Market, By Charging
Chapter 7. Europe Electric Vehicle Communication Controller Market, By Electric Vehicle
Chapter 8. Europe Electric Vehicle Communication Controller Market, By Application
Chapter 9. Europe Electric Vehicle Communication Controller Market, By Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Europe Electric Vehicle Communication Controller Market include:- ABB Group
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Sensata Technologies Holdings PLC
- Ficosa International S.A
- LG Innotek Co Ltd. (LG Display)
- Robert Bosch GmbH
- Vector Informatik GmbH
- Tesla, Inc.
Methodology
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