EV Test Equipment Market

EV Test Equipment Market by Electric Vehicle Types (HEV and BEV), Vehicle Types (Commercial Vehicle and Passenger Car), Equipment Types (Chassis Dynamometer, Battery Test Equipment, AC/DC EVSE, Engine Dynamometer, and EV Drive Train Test), Applications (EV Charging, EV Component & Drivetrain, and Powertrain), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: AL-4560
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 2
  • No. Of Pages: 168
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The global EV test equipment market size was valued at USD 11.1 billion in 2021, is expected to reach USD 17.2 billion by 2030 and expanding at a CAGR of 8.7% during the forecast period, 2021–2030. The growth of the market is attributed to the rising demand for alternative fuel vehicles and connected mobility.

EV Test Equipment Market_Summary

A variety of EV components, including the motor, battery, and others, are tested using EV test equipment in order to keep automotive parts ahead of the competition, guarantee performance, and ensure the safety of customers. The growing demand for electric vehicles has led to an increase in advancements in the market for EV test equipment. The expansion of electric cars has been fueled by the need for alternative fuels for automobiles to lessen the pollution created by fossil fuels and the desire to make the environment greener and cleaner. Governments throughout the world have implemented legislation and encouraged the use of electric cars to reduce the use of automobile emissions, crude oil, and air pollution. The development of EV test equipment will also be aided by the advent of fully and partially driverless cars. Moreover, many EV manufacturers put their main emphasis on using lightweight materials to lower loading capacity.
The COVID-19 pandemic caused company closures and travel bans, the global supply chain for the market for EV test equipment has been impacted in a number of different ways. The government-imposed limitations and shutdown have affected repair, service, and overhaul activities, which has reduced the need for EV test equipment. Additionally, the firms are encountering production interruptions as a result of lockdown and social distance standards. Additionally, since everyone is currently working from home, there is a decrease in the need for replacement components. COVID-19 pandemic has a favorable effect on the market for electric vehicles, due to an increase in electric vehicle sales over the previous year.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing consumer spending on EV is expected to drive the market.
  • Rising government initiatives and investments on electric vehicles is projected to propel the market during the forecast period.
  • High cost associated with the EV test equipment is anticipated to hinder the market.
  • Lack of standard protocol for the development of critical factors is expected to hamper the market in the coming years.
  • Growing demand for autonomous and connected vehicles is projected to create lucrative opportunities for market players. 

Scope of the Report

The report on the global EV test equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

EV Test Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Electric Vehicle Types (HEV and BEV), Vehicle Types (Commercial Vehicle and Passenger Car), Equipment Types (Chassis Dynamometer, Battery Test Equipment, AC/DC EVSE, Engine Dynamometer, and EV Drive Train Test), and Applications (EV Charging, EV Component & Drivetrain, and Powertrain)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Burke Porter Group; Chroma Ate; Dewesoft; FEV group Gmbh; Horiba Ltd; Kuka Ag; Arbin Instruments; Atesteo Gmbh; AVL List Gmbh; and Blum-Novotest Gmbh

Market Segment Insights

HEV segment to expand at a considerable CAGR

On the basis of electric vehicle types, the EV test equipment market is segmented into HEV and BEV. The HEV segment is projected to expand at a considerable CAGR during the forecast period. HEVs are powered by a combination of an internal combustion engine and one or more electric motors that draw power from batteries. HEVs combine the advantages of great fuel efficiency and low tailpipe emissions, with the power and range of conventional cars. The BEV segment is anticipated to account for a major market share during the forecast period. Battery Electric Vehicle (BEV) are totally electric-powered, they lack an ICE, a fuel tank, and an exhaust pipe. Instead, it includes a bigger internal battery and one or more electric motors. Through an external outlet, users charge the battery.

EV Test Equipment Market_by Vehicle Types

Commercial vehicle segment to hold a significant share of the market

Based on vehicle types, the market is divided into commercial vehicle and passenger car. The commercial vehicle segment is expected to hold a significant share of the market in the coming years, due to increasing urban population and their computing needs. The passenger car segment accounts for a significant market share, owing to technological advancements.

Chassis dynamometer segment to expand at a substantial CAGR

On the basis of equipment types, the EV test equipment market is segregated into chassis dynamometer, battery test equipment, AC/DC EVSE, engine dynamometer, and EV drive train test. The chassis dynamometer segment is anticipated to expand at a substantial CAGR during the forecast period. A chassis dynamometer, sometimes known as a rolling road, is a mechanical device that simulates various road conditions in a controlled environment using one or more fixed roller assemblies. It is used for a variety of vehicle testing and development applications. The EV drive train test segment is expected to hold a significant share of the market.  The drivetrain, also sometimes spelt "drive train" or occasionally "drive-train," is the system of parts in a motor vehicle that transmits power to the drive wheels.

EV component & drivetrain segment to register considerable market share

Based on applications, the market is segmented into EV charging, EV component & drivetrain, and powertrain. The EV component & drivetrain segment is projected to register considerable share of the market in the coming years. The increasing adoption of EVs due to their emission-free operation and regulatory standards will surge the demand for EV component & drivetrain test equipment market. The EV charging segment is expected to hold substantial CAGR, due to the continuous developments in battery technologies and the development of charging infrastructure across the globe.   

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the EV test equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to rapid-pace urbanization and the development of smart cities in the region. The market in Europe is anticipated to expand at a rapid pace during the forecast period, due to presence of major automotive manufacturers in the region.

EV Test Equipment Market_by Regions

Segments

The global EV test equipment market has been segmented on the basis of

Electric Vehicle Types
  • HEV
  • BEV
Vehicle Types
  • Commercial Vehicle
  • Passenger Car
Equipment Types
  • Chassis Dynamometer
  • Battery Test Equipment
  • AC/DC EVSE
  • Engine Dynamometer
  • EV Drive Train Test
Applications
  • EV Charging
  • EV Component & Drivetrain
  • Powertrain
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Burke Porter Group
  • Chroma Ate
  • Dewesoft
  • FEV group Gmbh
  • Horiba Ltd
  • Kuka Ag
  • Arbin Instruments
  • Atesteo Gmbh
  • AVL List Gmbh
  • Blum-Novotest Gmbh

Competitive Landscape

Key players competing in the global EV test equipment market are Burke Porter Group; Chroma Ate; Dewesoft; FEV group Gmbh; Horiba Ltd; Kuka Ag; Arbin Instruments; Atesteo Gmbh; AVL List Gmbh; and Blum-Novotest Gmbh.

One of the top companies in the world for testing services and EV solutions is TUV Rheinland. The business was a pioneer in offering expert advising and specialized testing and solutions. The highly skilled professionals at TUV Rheinland test technological items and systems all over the world and certify management systems in accordance with global standards.

TUV Rheinland has been a member of the United Nations Global Compact since 2006, to encourage sustainability and fight corruption.  As a consequence, TUV Rheinland was designated as a technical service for vehicle cybersecurity in accordance with UN-R 155 by the German Federal Motro Transport Authority in April 2021. OEMs can now submit applications for certifications and approvals relating to the cybersecurity of electric connected and autonomous cars based on these UN requirements thanks to the designation of TUV Rheinland.

EV Test Equipment Market_by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. EV Test Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. EV Test Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. EV Test Equipment Market - Supply Chain
  4.5. Global EV Test Equipment Market Forecast
     4.5.1. EV Test Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. EV Test Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. EV Test Equipment Market Absolute $ Opportunity
5. Global EV Test Equipment Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. EV Test Equipment Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global EV Test Equipment Demand Share Forecast, 2019-2026
6. North America EV Test Equipment Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America EV Test Equipment Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America EV Test Equipment Demand Share Forecast, 2019-2026
7. Latin America EV Test Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America EV Test Equipment Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America EV Test Equipment Demand Share Forecast, 2019-2026
8. Europe EV Test Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe EV Test Equipment Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe EV Test Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific EV Test Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific EV Test Equipment Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific EV Test Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa EV Test Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa EV Test Equipment Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa EV Test Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global EV Test Equipment Market: Market Share Analysis
  11.2. EV Test Equipment Distributors and Customers
  11.3. EV Test Equipment Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

The global EV test equipment market has been segmented on the basis of

Electric Vehicle Types
  • HEV
  • BEV
Vehicle Types
  • Commercial Vehicle
  • Passenger Car
Equipment Types
  • Chassis Dynamometer
  • Battery Test Equipment
  • AC/DC EVSE
  • Engine Dynamometer
  • EV Drive Train Test
Applications
  • EV Charging
  • EV Component & Drivetrain
  • Powertrain
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Burke Porter Group
  • Chroma Ate
  • Dewesoft
  • FEV group Gmbh
  • Horiba Ltd
  • Kuka Ag
  • Arbin Instruments
  • Atesteo Gmbh
  • AVL List Gmbh
  • Blum-Novotest Gmbh

Key players competing in the global EV test equipment market are Burke Porter Group; Chroma Ate; Dewesoft; FEV group Gmbh; Horiba Ltd; Kuka Ag; Arbin Instruments; Atesteo Gmbh; AVL List Gmbh; and Blum-Novotest Gmbh.

One of the top companies in the world for testing services and EV solutions is TUV Rheinland. The business was a pioneer in offering expert advising and specialized testing and solutions. The highly skilled professionals at TUV Rheinland test technological items and systems all over the world and certify management systems in accordance with global standards.

TUV Rheinland has been a member of the United Nations Global Compact since 2006, to encourage sustainability and fight corruption.  As a consequence, TUV Rheinland was designated as a technical service for vehicle cybersecurity in accordance with UN-R 155 by the German Federal Motro Transport Authority in April 2021. OEMs can now submit applications for certifications and approvals relating to the cybersecurity of electric connected and autonomous cars based on these UN requirements thanks to the designation of TUV Rheinland.

EV Test Equipment Market_by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The global EV test equipment market size was valued at USD 11.1 billion in 2021.

Rising government initiatives and investments on electric vehicles is projected to propel the market during the forecast period.

The global EV test equipment market is expanding at a CAGR of 8.7% during the forecast period, 2021–2030.

Asia Pacific is expected to constitute a key share of the market during the forecast period.

Key players competing in the global market are Burke Porter Group; Chroma Ate; Dewesoft; FEV group Gmbh; Horiba Ltd; Kuka Ag; Arbin Instruments; Atesteo Gmbh; AVL List Gmbh; and Blum-Novotest Gmbh.