According to a new report published by Transparency Market Research, the control unit market for electric vehicles will record significant growth owing to the rising demand for electric vehicles across the globe. The report titled, “Control Unit Market for Electric Vehicles - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period. Drawing from the recent ban announced on diesel powered by several nations such as, Germany, China, India, and France, the report anticipates a strong growth for electric and hybrid electric vehicles across these countries.
The report has segregated the control unit market for electric vehicles based on application, component, electric vehicle type, vehicle type, sales channel, and region. In terms of application, the control unit market is categorized into nine segments. Engine control module plays a vital role in performance and efficiency of hybrid electric vehicle engines. It controls the air-fuel mixture ratio, fuel injection, spark plug firing, and valve timing according to the engine temperature, cruising speed, and load. Transmission control module is an integral part of a vehicle with automatic transmission. Based on the data available from different sensors, installed in vehicle, and engine control unit, the transmission control unit operates the gear engagement in order to achieve optimum vehicle efficiency and performance.
On the basis of component, the control unit market for electric vehicles is segmented into seven segments. Processor and the multi-layer circuit board are integral components of the control unit. Processor is responsible for processing the input and output of the control unit. Multi-layer circuit board comprises sockets and spaces to mount different electronic components on it. Analog-to-digital converters and digital-to-analog converters are employed to convert the data from sensors and control unit into a readable format.
In accordance with electric vehicle type, the control unit market for electric vehicles is classified into three segments. Governing bodies are promoting battery electric vehicles by providing subsidies on them in order to reduce the pollution from vehicles. The U.S. and countries in Middle East and Africa witnessed a significant demand for hybrid electric vehicles. Stringent emission norms, increased concerns about vehicle efficiency, and increasing fuel prices are propelling the demand for electric and hybrid electric vehicles.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com