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Electric Vehicle Test Equipment Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Germany, Japan, France - Size and Forecast 2024-2028

Electric Vehicle Test Equipment Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Germany, Japan, France - Size and Forecast 2024-2028

Published: May 2024 175 Pages SKU: IRTNTR74774

Market Overview at a Glance

$212.5 Mn
Market Opportunity
30.08%
CAGR
23.21
YoY growth 2023-2024(%)

Electric Vehicle Test Equipment Market Size 2024-2028

The electric vehicle test equipment market size is forecast to increase by USD 212.5 million at a CAGR of 30.08% between 2023 and 2028.

  • The electric vehicle (EV) test equipment market is experiencing significant growth due to the expanding EV automotive industry. The increasing adoption of digital testing methods is another key trend driving market growth. However, the lack of appropriate skillsets for testing poses a challenge to market participants. As the EV market continues to evolve, there is a growing need for advanced testing solutions to ensure the reliability and safety of these vehicles. Manufacturers must invest in training their workforce and adopting innovative testing technologies to meet the demands of this dynamic market. Digital testing, which allows for real-time data analysis and remote testing, is becoming increasingly popular due to its efficiency and cost-effectiveness.
  • However, the complexity of EV testing requires specialized expertise, making the shortage of skilled personnel a significant challenge. To remain competitive, market participants must focus on developing advanced testing solutions and investing in workforce training programs.

    • What will be the Size of the Electric Vehicle Test Equipment Market During the Forecast Period?

    Electric Vehicle Test Equipment Market Size

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  • The electric vehicle (EV) test equipment market is experiencing significant growth due to the increasing demand for emission-free substitutes In the automotive industry. With the global push towards electrification of vehicles to reduce vehicular emissions and combat pollution, automotive original equipment manufacturers (OEMs) are investing heavily in EV components, including batteries and chargers. Consequently, there is a growing need for advanced testing equipment to ensure the quality and performance of these components. This includes power electronics testing for EV batteries, charger testing, and motor and dynamometer testing for vehicle performance evaluation. The focus on efficiency, torque, electric signal analysis, and emission reduction are key trends driving the market.
  • Copper, a critical material in EV power electronics, is also influencing the market dynamics. Overall, the EV test equipment market is expected to witness robust growth In the coming years, as the shift towards zero-emission vehicles continues to gain momentum.

    • How is this Electric Vehicle Test Equipment Industry segmented and which is the largest segment?

    The electric vehicle test equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Vehicle Type
      • Hybrid electric vehicles
      • Battery electric vehicles
      • Plug-in hybrid electric vehicles
    • Application
      • EV component
      • EV charging
      • Powertrain
    • Geography
      • APAC
        • China
        • Japan
      • Europe
        • Germany
        • France
      • North America
        • US
      • South America
        • Middle East and Africa

        By Vehicle Type Insights

        • The hybrid electric vehicles segment is estimated to witness significant growth during the forecast period.

        The Electric Vehicle (EV) test equipment market is expected to experience substantial growth due to the increasing production and popularity of electric and hybrid vehicles as emission-free substitutes for petroleum-fuel vehicles. With stricter emission norms and the electrification of vehicles, there is a growing demand for advanced test systems to evaluate battery packs, motor and dynamometers, charging infrastructure, and vehicle performance. Automotive Original Equipment Manufacturers (OEMs) are investing heavily In the development of electric and zero-emission vehicles, leading to an increased need for sophisticated test equipment. The lithium-ion family battery, a key component of EVs, is driving innovation in battery chemistry, and test equipment manufacturers are responding with advanced powertrain systems, programmable power sources, and electronic loads for faster response and higher power testing.

        The market for EV charging segment is also expanding in emerging economies, with subsidies, tax exemptions, and the development of EV charging infrastructure further fueling demand. The market for EV test equipment is poised for growth, with a focus on battery testing, charger testing, power electronics testing, and motor testing equipment. Key components of EVs, such as batteries, sensors, voltages probes, and safety features, are all subject to rigorous testing to ensure optimal performance and consumer safety. Additionally, the development of connected mobility, electric cars, and autonomous vehicles is creating new opportunities for EV test equipment manufacturers. The market for EV test equipment is expected to continue its positive trend, driven by consumer spending, advancements in battery technology, and the increasing adoption of alternative fuel vehicles.

        Electric Vehicle Test Equipment Market Size

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        The Hybrid electric vehicles segment was valued at USD 23.60 million in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        • APAC is estimated to contribute 60% to the growth of the global market during the forecast period.

        Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Electric Vehicle Test Equipment Market Share by Geography

        For more insights on the market share of various regions, Request Free Sample

        The Electric Vehicle (EV) Test Equipment Market in Asia Pacific (APAC) is experiencing significant growth due to economic expansion in emerging economies, such as China and India, and government initiatives promoting electrification of vehicles. Market participants are investing in advanced technology to innovate EV testing equipment, while simultaneously increasing production capacity and establishing new facilities to meet escalating regional demand. Key countries In the region, including China, India, Japan, and South Korea, are major contributors to the market's growth, with China holding a leading position. The EV Test Equipment Market in APAC is expected to continue expanding during the forecast period, driven by the increasing adoption of emission-free substitutes for petroleum-fuel vehicles, stringent emission norms, and the availability of subsidies and tax exemptions for EVs and EV charging infrastructure.

        The market encompasses various components, including battery packs, motor and dynamometers, charger testing, power electronics testing, and vehicle performance testing equipment. Key applications include battery-operated cars, two-wheelers, and commercial vehicles. The market's growth is further fueled by the development of higher power advanced powertrain systems, connected mobility, and the increasing popularity of electric cars and autonomous vehicles.

        Market Dynamics

        Our  researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of Electric Vehicle Test Equipment Industry?

        Growing EV automotive industry is the key driver of the market.

      • The Electric Vehicle (EV) Test Equipment Market is witnessing significant growth due to the increasing adoption of electric vehicles (EVs) as emission-free substitutes for petroleum-fuel vehicles. The electrification of vehicles is gaining momentum as governments worldwide enforce stricter emission norms and promote fuel-efficient technologies. According to the International Energy Agency (IEA), the global number of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) reached approximately 16.5 million by the end of 2021, a significant increase from 2018. Key components of EVs, including battery packs and chargers, require rigorous testing using advanced test systems. Battery chemistry, such as lithium-ion family batteries and lead-acid batteries, undergo extensive testing to ensure optimal performance and safety.
      • Test equipment for motor and dynamometers, power electronics testing, and charger testing are essential for evaluating vehicle performance, motor torque, electric signals, high-speed sensors, voltages probes, safety features, navigation systems, infotainment, electronic ignition systems, and advanced powertrain systems. The market growth is driven by various factors, including consumer spending on luxury car brands, subsidies, and tax exemptions in emerging economies, and the expansion of EV charging infrastructure. The increasing popularity of electric two-wheelers and the development of alternative fuel vehicles, connected mobility, and autonomous vehicles further contribute to market growth. The EV charging segment is expected to dominate the market due to the increasing demand for battery-operated cars.
      • The EV test equipment market is dynamic, with continuous advancements in battery technology, such as lithium-ion batteries, zinc air batteries, nickel-based batteries, and efficiency and performance improvements. Copper, a crucial component in electric vehicle batteries, is expected to witness increased demand, leading to the development of new testing facilities and dynamometers for monitoring battery performance. In conclusion, the market is experiencing a positive trend, driven by the growing demand for zero-emission vehicles and advancements in battery technology. The market's growth is further fueled by the increasing adoption of electric vehicles in public transportation services and the implementation of safety procedures In the automotive industry.
      • The market's future looks promising, with continued innovation in vehicle performance, motor testing equipment, and charging infrastructure.

        • What are the market trends shaping the Electric Vehicle Test Equipment Industry?

        Emergence of digital testing is the upcoming market trend.

      • The Electric Vehicle (EV) Test Equipment Market is experiencing significant growth due to the increasing adoption of electric and zero-emission vehicles as pollution-reducing substitutes for petroleum-fuel vehicles. Automotive Original Equipment Manufacturers (OEMs) are investing heavily In the electrification of vehicles, leading to an increased demand for advanced testing systems for battery packs, motor and dynamometers, charger testing, power electronics testing, and vehicle performance evaluation. Battery technology, particularly lithium-ion family batteries, is a key focus area In the EV market. Advanced battery chemistry, such as lithium-ion batteries, is driving innovation In the EV industry. Test equipment for battery-operated cars, including two-wheelers, is essential to ensure the safety and efficiency of these vehicles.
      • Government initiatives, such as emission norms, subsidies, and tax exemptions, are promoting the adoption of EV charging infrastructure. The EV charging segment is expected to witness significant growth during the forecast period. Safety features, navigation systems, infotainment, electronic ignition systems, and higher power advanced powertrain systems are also areas of focus for vehicle testing equipment. The EV market is not limited to luxury car brands but is expanding to emerging economies as well. The market is expected to grow positively, driven by consumer spending on connected mobility, electric cars, and autonomous vehicles. The market dynamics are influenced by factors such as efficiency, performance, emission, charging stations, batteries, and copper facilities.
      • Developments in digital technologies, such as virtual testing platforms, are transforming the EV testing landscape. Physical inspections of vehicles are being replaced by digital inspections, enabling faster response times and alternative fuel vehicles to be tested more efficiently. For instance, Volkswagen (VW) Group's electric research and development department uses a virtual testing system to test and adjust electronic control units (ECUs) and enhance technologies supporting intelligent, connected vehicles. Such advancements are expected to fuel the demand for EV test equipment during the forecast period.

        • What challenges does the Electric Vehicle Test Equipment Industry face during its growth?

        Lack of appropriate skillsets for testing is a key challenge affecting the industry growth.

      • Electric Vehicle (EV) test equipment is essential for ensuring the performance and efficiency of emission-free substitutes to petroleum-fuel vehicles. Automotive Original Equipment Manufacturers (OEMs) and governments worldwide invest in electrification of vehicles to reduce vehicular emissions and combat air pollution. EV testing systems evaluate the performance of battery packs, motor and dynamometers, charging equipment, and interior systems. Battery technology, including lithium-ion family batteries and lead-acid batteries, undergo rigorous testing for battery chemistry, efficiency, and safety features. Lithium-ion batteries, in particular, require precise testing for higher power and advanced powertrain systems. Test systems measure torque, electric signals, high-speed sensors, voltages probes, and safety features.
      • EV charging infrastructure, including charging stations and battery-operated cars, also undergo testing. Charger testing ensures compatibility with various battery types and charging speeds. Power electronics testing assesses the efficiency and performance of charging systems. Governments in emerging economies offer subsidies and tax exemptions to incentivize the adoption of EVs. The EV charging segment is expected to grow significantly, driving the demand for advanced test equipment. Luxury car brands and consumer spending on connected mobility, autonomous vehicles, and passenger cars and commercial vehicles further fuel the market growth. The EV testing market encompasses facilities, dynamometers, monitoring systems, and various test equipment for motor, battery, and charging systems.
      • Copper and other essential components are integral to the manufacturing of EVs and test equipment, making their availability crucial for market growth. In conclusion, accurate and reliable EV test equipment is essential for assessing the performance, efficiency, and safety of electric vehicles and their components. Operators must possess a deep understanding of EV testing procedures, drive cycles, and system functioning to ensure accurate and comparable measurement results. The EV testing market is expected to grow significantly due to the increasing demand for electric vehicles, charging infrastructure, and government incentives.

        • Exclusive Customer Landscape

        The electric vehicle test equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric vehicle test equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Electric Vehicle Test Equipment Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, electric vehicle test equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        Arbin Instruments - Electric vehicle (EV) batteries encounter distinct usage conditions on the road, requiring specialized test equipment to ensure their optimal performance and safety. Our company provides advanced EV test solutions, enabling manufacturers and research institutions to evaluate battery health, range, charging efficiency, and durability under various driving scenarios. These tests help improve EV technology, enhance user experience, and promote the widespread adoption of sustainable transportation.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • Arbin Instruments
        • ATESTEO GmbH and Co. KG
        • AVL List GmbH
        • Chroma ATE Inc.
        • comemso electronics GmbH
        • Crystal Instruments Corp.
        • Dewesoft d.o.o.
        • Durr AG
        • FEV Group GmbH
        • HORIBA Ltd.
        • Keysight Technologies Inc.
        • KUKA AG
        • Maccor Inc.
        • National Instruments Corp.
        • PCE Holding GmbH
        • Softing Automotive Electronics GmbH
        • SureView Instruments
        • TUV Rheinland AG
        • Unico LLC
        • ZF Friedrichshafen AG

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        The electric vehicle (EV) market is experiencing significant growth as automotive original equipment manufacturers (OEMs) and consumers shift towards electrification of vehicles to reduce vehicular emissions and promote sustainability. The increasing focus on fuel-efficient technologies and the implementation of emission norms have accelerated the adoption of EVs and the need for comprehensive test equipment to ensure their performance and safety. Test equipment plays a crucial role In the development and production of EVs, from battery packs and chargers to motor and power electronics. These systems enable OEMs to evaluate the efficiency, performance, and safety of various components, including lithium-ion batteries, lead-acid batteries, and advanced powertrain systems.

        Battery testing is a critical aspect of EV development, with lithium-ion batteries being the most common choice due to their high energy density and long cycle life. Test equipment for battery packs includes programmable power sources, electronic loads, and voltages probes, which help assess the battery's capacity, discharge characteristics, and safety features. Motor testing is another essential component of EV development, with motor and dynamometers used to evaluate motor performance, torque, and electrical signals at high speeds. These tests ensure the motor's efficiency and reliability, contributing to the overall performance and longevity of the EV. Safety features are a top priority for EVs, with navigation systems, infotainment, electronic ignition systems, and sensors all requiring thorough testing to ensure optimal functionality and compatibility.

        Charging infrastructure is also subject to rigorous testing to ensure the safety and efficiency of charging stations and battery-operated cars, including two-wheelers. The EV market is driven by various factors, including consumer spending, government subsidies, and tax exemptions. Emerging economies are also witnessing increased adoption of EVs due to their potential to reduce air pollution and improve public transportation services. The market is expected to continue its positive trend as OEMs invest in R&D to develop higher power, advanced powertrain systems, and connected mobility solutions. In conclusion, the EV test equipment market is a vital component of the electrification of vehicles, enabling OEMs to ensure the efficiency, performance, and safety of various EV components.

        With the increasing focus on reducing vehicular emissions and promoting sustainability, the demand for EV test equipment is expected to continue growing, driving innovation and investment in this sector.

        Market Scope

        Report Coverage

        Details

        Page number

        175

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 30.08%

        Market growth 2024-2028

        USD 212.5 million

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        23.21

        Key countries

        China, US, Germany, Japan, and France

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Electric Vehicle Test Equipment Market Research and Growth Report?

        • CAGR of the Electric Vehicle Test Equipment industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the electric vehicle test equipment market growth of industry companies

        We can help! Our analysts can customize this electric vehicle test equipment market research report to meet your requirements.

        Get in touch

         

        Table of Contents not available.

        Research Methodology

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        INFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases

        DATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts

        REPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape

        Interested in this report?

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        Frequently Asked Questions

        Electric Vehicle Test Equipment market growth will increase by $ 212.5 mn during 2024-2028.

        The Electric Vehicle Test Equipment market is expected to grow at a CAGR of 30.08% during 2024-2028.

        Electric Vehicle Test Equipment market is segmented by Vehicle Type( Hybrid electric vehicles, Battery electric vehicles, Plug-in hybrid electric vehicles) Application( EV component, EV charging, Powertrain)

        Arbin Instruments, ATESTEO GmbH and Co. KG, AVL List GmbH, Chroma ATE Inc., comemso electronics GmbH, Crystal Instruments Corp., Dewesoft d.o.o., Durr AG, FEV Group GmbH, HORIBA Ltd., Keysight Technologies Inc., KUKA AG, Maccor Inc., National Instruments Corp., PCE Holding GmbH, Softing Automotive Electronics GmbH, SureView Instruments, TUV Rheinland AG, Unico LLC, ZF Friedrichshafen AG are a few of the key vendors in the Electric Vehicle Test Equipment market.

        APAC will register the highest growth rate of 60% among the other regions. Therefore, the Electric Vehicle Test Equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

        China, US, Germany, Japan, France

        • Growing EV automotive industryThe EV automotive industry consists of a number of companies that design is the driving factor this market.
        • develop is the driving factor this market.
        • manufacture is the driving factor this market.
        • and sell various types of vehicles is the driving factor this market.
        • such as hybrid EVs is the driving factor this market.
        • plug-in hybrid EVs is the driving factor this market.
        • and battery EVs. It has experienced significant growth globally is the driving factor this market.
        • owing to a rise in sales. For instance is the driving factor this market.
        • the global number of electric cars by the end of 2021 was about 16.5 million is the driving factor this market.
        • triple the amount in 2018 is the driving factor this market.
        • according to International Energy Agency (IEA). The global increase in population is one of the major reasons for market growth is the driving factor this market.
        • as it leads to an increase in the demand for EVs.   Some of the major automobile-producing countries are China is the driving factor this market.
        • the US is the driving factor this market.
        • Japan is the driving factor this market.
        • Germany is the driving factor this market.
        • and India. Many OEMs are focusing on developing technology demanded by their customers. By including EVs in their product lines is the driving factor this market.
        • automobile manufacturers can meet strict carbon dioxide emission requirements. There is an increase in the product launches of EVs. For instance is the driving factor this market.
        • about 25 electric cars were launched in India during 2020-2022. The types of electric cars include two hybrids is the driving factor this market.
        • four sedans is the driving factor this market.
        • nine SUVs is the driving factor this market.
        • one luxury is the driving factor this market.
        • and nine hatchbacks. Some models are Tata Altroz EV is the driving factor this market.
        • Mahindra eKUV100 is the driving factor this market.
        • Audi e-tron is the driving factor this market.
        • and Mercedes-Benz EQC.  Furthermore is the driving factor this market.
        • the key players in the automobile industry are planning to start new subsidiaries for EVs. For instance is the driving factor this market.
        • in April 2020 is the driving factor this market.
        • Toyota announced a new electric car company with BYD Auto Co. is the driving factor this market.
        • Ltd.  With the growth of the automotive industry is the driving factor this market.
        • there is a rise in the need for EV test equipment to ensure the safety and performance of vehicles. So is the driving factor this market.
        • the rapid growth of the automotive industry is expected to fuel the demand for EV test equipment during the forecast period.  is the driving factor this market.

        The Electric Vehicle Test Equipment market vendors should focus on grabbing business opportunities from the Hybrid electric vehicles segment as it accounted for the largest market share in the base year.