EV Test Equipment Market By Propulsion Type (BEV, PHEV), By Vehicle Type (Passenger Car, Commercial Vehicle), By Vehicle Top Speed (Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH), By Vehicle Class (Mid-priced, Luxury), By Application (EV Component, EV Charging, Powertrain): Global Opportunity Analysis and Industry Forecast, 2021-2031
The report incorporates the study of the global EV test equipment market that focuses on the different type of electric vehicles (EV) testing components to provide customer safety and satisfaction. This test equipment is also used in electric vehicles to assess the total vehicle performance, EV battery and charger testing, power electronics testing, and motor & dynamometer testing. In addition, motor testing equipment is used to verify torque or electric signal and the high speed of an electric car, using sensors, voltage probes, and other software. At present, EV test equipment market has seen a rising number of innovations due to rise in demand of alternative fuel for vehicles to reduce the pollution caused by the fossil fuels and the aim to make the environment cleaner and greener. For instance, in October 2021, AVL upgraded its product line of test equipment for charging to meet the increasing demands and with a high degree of testing effectiveness. It delivers features that build on proven automation and data management tools to reduce engineer attention while also staying very flexible for whichever direction the market may move in the future.
The factors such as increasing demand for electric vehicles, advancements in battery technologies, and stringent vehicular emission norms & regulations supplement the growth of the EV test equipment market. However, high cost of advanced technology equipment and reduction in EV subsidies are the factors expected to hamper the growth of the EV test equipment market. In addition, advancements in EV charging stations and proactive government initiatives for promotion of electric vehicles are some factors expected to create ample opportunities for the key players operating in the EV test equipment market.
For the purpose of analysis, the global EV test equipment market is segmented on the basis of propulsion type, vehicle type, vehicle top speed, vehicle class, and application. By propulsion type, the market is divided into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). By vehicle type, it is categorized into passenger car and commercial vehicle. By vehicle top speed, it is fragmented into less than 100 MPH, 100 to 125 MPH, and more than 125 MPH By vehicle class, it is fragmented into mid-priced and luxury. By application, it is further classified into EV component, EV charging, and powertrain. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the EV test equipment market are Arbin Instruments, ATESTEO Gmbh, AVL, Blum-Novotest GmbH, Burke Porter Group, Chroma ATE Inc., Durr Group, FEV Group GmBH, HORIBA, Ltd., Intertek Group Plc, Keysight Technologies, KUKA Aktiengesellschaft, SGS SA, Sierra Instruments, Inc., Softing AG, Tasi Group, TÜV Rheinland, and ZF Friedrichshafen AG.
Key Benefits For Stakeholders
This study presents analytical depiction of the global EV test equipment market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall EV test equipment market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global EV test equipment market with a detailed impact analysis.
The current EV test equipment market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Propulsion Type
BEV
PHEV
By Vehicle Type
Passenger Car
Commercial Vehicle
By Vehicle Top Speed
Less Than 100 MPH
100 to 125 MPH
More Than 125 MPH
By Vehicle Class
Mid-priced
Luxury
By Application
EV Component
EV Charging
Powertrain
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Netherlands
Norway
Rest of Europe
UK
Asia-Pacific
China
Japan
India
Singapore
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Arbin Instruments
Atesteo Gmbh
AVL List Gmbh
Blum-Novotest Gmbh
Burke Porter Group
Chroma Ate
Comemso electronics GmbH
Dewesoft
Durr Group
Dynomerk Controls
FEV group Gmbh
Froude, Inc
Horiba
INTERTEK GROUP PLC
KEYSIGHT TECHNOLOGIES, INC
Kuka AG (Key Innovator)
Maccor Inc (Key Innovator)
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