The
global electric vehicle communication controller (EVCC) market is
expected to generate a revenue of $553.4 million by 2024, increasing from $97.0
million in 2018, and is predicted to progress at a 34.8% CAGR during the
forecast period (2019–2024), according to a report by P&S Intelligence. The
major factors leading to the growth of electric vehicle communication
controller market are rising investments in charging
infrastructure and growing government support for deploying electric vehicle
charging infrastructure.
Request to Get the Sample
Report: https://www.psmarketresearch.com/market-analysis/electric-vehicle-communication-controller-market/report-sample
The development of advanced
technologies, including vehicle-to-grid (V2G) for two-way electricity
requirement management grid, is providing opportunities to the players operating
in the EVCC market. As the utilization of electric vehicles is rising, the
need for increased accessibility to charging ports is growing as well.
Attributed to this, companies in the domain are focusing on developing advanced
charging stations. The development of the V2G charging technology will decrease
the load on electric grids, if multiple vehicles are connected for charging.
In conclusion, the demand for EVCC is growing due to the increasing adoption of electric vehicle and rising government support.
No comments:
Post a Comment