Global Electric Vehicle Motor (EVM) Controller Market Growth 2025-2031

Global Electric Vehicle Motor (EVM) Controller Market Growth 2025-2031

The global Electric Vehicle Motor (EVM) Controller market size is predicted to grow from US$ 12710 million in 2025 to US$ 37220 million in 2031; it is expected to grow at a CAGR of 19.6% from 2025 to 2031.

The motor controller is mainly composed of heat dissipation module, power semiconductor module, control module, drive module and thin film capacitor, among which the control module includes control chip and power circuit board. The power semiconductor module mainly uses IGBT1 module. As an important signal and energy transmission component in new energy vehicles, the motor controller, on the one hand, receives information from the vehicle controller and control mechanism (brake pedal, accelerator pedal, gear shifting mechanism) to control the work of the motor, and on the other hand, converts the electric energy in the battery into the electric energy that drives the motor.The voltage and current of the driving motor are controlled by the motor controller integrated circuit, and the motor controller can make it work in accordance with the set direction, speed, Angle and response time, so as to control the starting and stopping state, advance and retreat speed, climbing strength and other driving states of the new energy vehicle.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicle Motor (EVM) Controller Industry Forecast” looks at past sales and reviews total world Electric Vehicle Motor (EVM) Controller sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicle Motor (EVM) Controller sales for 2025 through 2031. With Electric Vehicle Motor (EVM) Controller sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicle Motor (EVM) Controller industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicle Motor (EVM) Controller landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Vehicle Motor (EVM) Controller portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicle Motor (EVM) Controller market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicle Motor (EVM) Controller and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Vehicle Motor (EVM) Controller.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicle Motor (EVM) Controller market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PM Synchronous Motor Controller
Asynchronous Motor Controller
Others

Segmentation by Application:
Passenger Vechicle
Commercial Vechicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tesla
BYD
Zhongshan Broad-Ocean Motor
Suzhou Inovance Automotive
Bosch
Shenzhen Megmeet Drive Technology
Denso
JEE
Changan
Shanghai Dajun Technologies
UAES
Shenzhen V&T Technologies
Shenzhen Greatland Electrics
Hitachi
Tianjin Santroll Electric Automobile Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicle Motor (EVM) Controller market?

What factors are driving Electric Vehicle Motor (EVM) Controller market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicle Motor (EVM) Controller market opportunities vary by end market size?

How does Electric Vehicle Motor (EVM) Controller break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.