Europe Electric Vehicle Communication Controller Market Size, Share & Trends Analysis Report By System, By Charging (Wired Charging and Wireless Charging), By Electric Vehicle, By Application, By Country and Growth Forecast, 2024 - 2031
Europe Electric Vehicle Communication Controller Market Size, Share & Trends Analysis Report By System, By Charging (Wired Charging and Wireless Charging), By Electric Vehicle, By Application, By Country and Growth Forecast, 2024 - 2031
The Europe Electric Vehicle Communication Controller Market would 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 would continue to be a dominant market till 2030; thereby, achieving a market value of $120,463.9 Thousands 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%).
Based on System, the market is segmented into Vehicle-based Communication Controller and Supply Equipment Communication Controller (SECC). Based on Charging, the market is segmented into Wired Charging and Wireless Charging. Based on Electric Vehicle, the market is segmented into Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV). Based on Application, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
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.
Europe Electric Vehicle Communication Controller Market Report Segmentation
By System
Vehicle-based Communication Controller
Supply Equipment Communication Controller (SECC)
By Charging
Wired Charging
Wireless Charging
By Electric Vehicle
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
By Application
Passenger Vehicle
Commercial Vehicle
By Country
Germany
UK
France
Russia
Norway
Netherlands
Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Electric Vehicle Communication Controller Market, by System
1.4.2 Europe Electric Vehicle Communication Controller Market, by Charging
1.4.3 Europe Electric Vehicle Communication Controller Market, by Electric Vehicle
1.4.4 Europe Electric Vehicle Communication Controller Market, by Application
1.4.5 Europe Electric Vehicle Communication Controller Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Sep – 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Electric Vehicle Communication Controller Market, By System
5.1 Europe Vehicle-based Communication Controller Market, By Country
5.2 Europe Supply Equipment Communication Controller (SECC) Market, By Country
Chapter 6. Europe Electric Vehicle Communication Controller Market, By Charging
6.1 Europe Wired Charging Market, By Country
6.2 Europe Wireless Charging Market, By Country
Chapter 7. Europe Electric Vehicle Communication Controller Market, By Electric Vehicle
7.1 Europe Battery Electric Vehicle (BEV) Market, By Country
7.2 Europe Plug-In Hybrid Electric Vehicle (PHEV) Market, By Country
Chapter 8. Europe Electric Vehicle Communication Controller Market, By Application
8.1 Europe Passenger Vehicle Market, By Country
8.2 Europe Commercial Vehicle Market, By Country
Chapter 9. Europe Electric Vehicle Communication Controller Market, By Country
9.1 Germany Electric Vehicle Communication Controller Market
9.1.1 Germany Electric Vehicle Communication Controller Market, By System
9.1.2 Germany Electric Vehicle Communication Controller Market, By Charging
9.1.3 Germany Electric Vehicle Communication Controller Market, By Electric Vehicle
9.1.4 Germany Electric Vehicle Communication Controller Market, By Application
9.2 UK Electric Vehicle Communication Controller Market
9.2.1 UK Electric Vehicle Communication Controller Market, By System
9.2.2 UK Electric Vehicle Communication Controller Market, By Charging
9.2.3 UK Electric Vehicle Communication Controller Market, By Electric Vehicle
9.2.4 UK Electric Vehicle Communication Controller Market, By Application
9.3 France Electric Vehicle Communication Controller Market
9.3.1 France Electric Vehicle Communication Controller Market, By System
9.3.2 France Electric Vehicle Communication Controller Market, By Charging
9.3.3 France Electric Vehicle Communication Controller Market, By Electric Vehicle
9.3.4 France Electric Vehicle Communication Controller Market, By Application
9.4 Russia Electric Vehicle Communication Controller Market
9.4.1 Russia Electric Vehicle Communication Controller Market, By System
9.4.2 Russia Electric Vehicle Communication Controller Market, By Charging
9.4.3 Russia Electric Vehicle Communication Controller Market, By Electric Vehicle
9.4.4 Russia Electric Vehicle Communication Controller Market, By Application
9.5 Norway Electric Vehicle Communication Controller Market
9.5.1 Norway Electric Vehicle Communication Controller Market, By System
9.5.2 Norway Electric Vehicle Communication Controller Market, By Charging
9.5.3 Norway Electric Vehicle Communication Controller Market, By Electric Vehicle
9.5.4 Norway Electric Vehicle Communication Controller Market, By Application
9.6 Netherlands Electric Vehicle Communication Controller Market
9.6.1 Netherlands Electric Vehicle Communication Controller Market, By System
9.6.2 Netherlands Electric Vehicle Communication Controller Market, By Charging
9.6.3 Netherlands Electric Vehicle Communication Controller Market, By Electric Vehicle
9.6.4 Netherlands Electric Vehicle Communication Controller Market, By Application
9.7 Rest of Europe Electric Vehicle Communication Controller Market
9.7.1 Rest of Europe Electric Vehicle Communication Controller Market, By System
9.7.2 Rest of Europe Electric Vehicle Communication Controller Market, By Charging
9.7.3 Rest of Europe Electric Vehicle Communication Controller Market, By Electric Vehicle
9.7.4 Rest of Europe Electric Vehicle Communication Controller Market, By Application
Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Mitsubishi Electric Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Schneider Electric SE
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements: