The Electric Vehicle Communication Controller Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
The Electric Vehicle Communication Controller (EVCC) Market is projected to grow at a CAGR 29.12% rate from 2021 to 2026. The growth of the controller market is driven by the increasing demand for electric vehicles. The evolution of high-power batteries necessitated the development of fast charging technologies. EVCC helps in the rapid charging of a vehicle with more reliability.
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Asia Pacific electric vehicle communication controller market is expected to register the highest growth during the forecast period. The government of developing countries like China and India have recognized the growth of the electric vehicle market and hence have taken different initiatives to attract major OEMs to manufacture electric vehicles in domestic markets. The Asia Pacific market is expected to witness the highest growth, followed by North America and Europe.
Key Market Players includes LG Innotek (South Korea), Tesla (US), BYD Auto (China), Schneider Electric (France), and ABB (Switzerland).
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