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%).
Free Valuable Insights: The Global Electric Vehicle Communication Controller Market will Hit USD 1.5 Billion by 2031, at a CAGR of 32.7%
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.
By System
By Charging
By Electric Vehicle
By Application
By Country
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