EV Test Equipment Market Size was valued at USD 100.80 million in 2023 and is expected to reach USD 620.32 million by 2031 and grow at a CAGR of 25.5% over the forecast period 2024-2031.
A vehicle that runs on electricity. For electric and hybrid automobiles, an EV tester is a must-have tool. For the electric vehicle, the acronym EV is used. Both repair shops and vehicle inspectors must adapt to the unique requirements of electric vehicles because of the electric motors, high-voltage batteries, rectifiers, and other components not found in ordinary, non-electric vehicles with combustion engines.
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There must be a high-voltage system and the proper equipment in the workshop if someone wants to offer service, maintenance, repairs, or general inspection for an electric car. EV test equipment is utilized to evaluate the functionality of various electric vehicle components, including the battery, the motor, and others, to ensure that the automotive parts remain competitive, deliver guaranteed performance, provide customer safety, and satisfy customers.
Arbin introduced a brand-new battery testing system with three electrodes in September of 2021. General Motors is the company that was responsible for developing and licensing the new patented three-electrode (3E) coin cell design.
KEY DRIVERS:
The development of new technology for batteries.
Widespread implementation of electronics in motor vehicles.
The expansion of the industry is being driven by the rising consumer demand for electric vehicles.
Government requirements to decrease environmental effects have driven automakers to develop e-vehicles.
RESTRAINTS:
A greater increase in the expense of equipment requiring advanced technologies.
It is anticipated that a reduction in subsidies for electric vehicles will slow the expansion of the market.
OPPORTUNITIES:
Improvements were made to electric vehicle charging stations.
Technical developments in test equipment.
The increasing demand for onboard diagnostic tools presents a potential opportunity for expansion.
CHALLENGES:
Balancing the high cost of test equipment with its great performance might have an impact on the market.
A lack of standardized process for the development of improved EV testing instruments.
Since then, the COVID-19 pandemic has had an impact on the worldwide economy in a number of nations. As a result of the lockdown, travel restrictions and business closures have occurred, which has disrupted the global supply chain for the electric vehicle testing equipment market. Because of the lockdown and the limits imposed by the government, the operations of service, repair, and overhaul have been hampered, which has resulted in a reduction in the requirements for EV test equipment. In addition, the enterprises are experiencing disruptions in their output as a consequence of the lockdown and the norms of social separation. In addition, there has been a decrease in the need for replacement parts due to the fact that there is currently a reduced need for maintenance due to the fact that everyone is working from home. The COVID-19 conference had a beneficial impact on the market for electric vehicles, as evidenced by the fact that the number of sales of electric vehicles has increased more than it did in the year prior. After the pandemic is over, there will be a renewed interest in electric vehicle (EV) testing equipment due to the expansion of the EV market.
The global market has been divided into BEV, HEV, and PHEV Based on the propulsion type segment. It is anticipated that the BEV market would experience significant expansion in the years to come. Because more attention is being paid to the development of charging infrastructure, battery electric vehicles (BEVs) are favored over plug-in hybrid electric vehicles (PHEVs).
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles Based on the vehicle type segment. It is anticipated that the passenger cars market would experience significant expansion in the years to come. Commercial vehicle sales and product offerings are expanding. A large portion of the market's growth can be attributed to commercial vehicles.
Market, By Application:
The global market has been divided into EV Component & Drivetrain, EV Charging, and Powertrain based on the application segment. It is anticipated that the EV Component & Drivetrain market would experience significant expansion in the years to come. Due to advancements in battery technology and the expansion of charging infrastructure around the world, EV charging test equipment is projected to take the lead in the future.
By Propulsion Type:
BEV
HEV
PHEV
By Vehicle Type:
Passenger cars
Commercial vehicles
By Application:
EV Component & Drivetrain
EV Charging
Powertrain
A surge in the demand for electric vehicles across Europe is expected to result in Europe holding a significant portion of the worldwide market for test equipment for EVs in the not-too-distant future. The swift growth of electric vehicle component manufacturers across the region has also resulted in an increase in the availability of testing equipment for the EV market. There is a significant presence of original equipment manufacturers and tier-1 suppliers in Europe. As a result, the market for test equipment for electric vehicles in Europe is likely to experience a significant expansion in the near future. Due to a growth in the manufacturing of electric vehicles across the area, it is anticipated that the Asia Pacific would hold a substantial share of the global market for test equipment for EVs, followed by Europe.
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REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Arbin Instruments, Dewesoft, FEV group Gmbh, Atesteo Gmbh, AVL List Gmbh, Blum-Novotest Gmbh, Burke Porter Group, Horiba Ltd, Chroma Ate, and KUKA AG are some of the affluent competitors with significant market share in the EV Test Equipment Market.
| EV Test Equipment Market | Details |
|---|---|
| Market Size in 2023 | US$ 100.80 Million |
| Market Size by 2031 | US$ 620.32 Million |
| CAGR | CAGR of 25.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Propulsion Type (BEV, HEV, PHEV) • by Vehicle Type (Passenger cars, Commercial vehicles) • by Application (EV Component & Drivetrain, EV Charging, Powertrain) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Arbin Instruments, Dewesoft, FEV group Gmbh, Atesteo Gmbh, AVL List Gmbh, Blum-Novotest Gmbh, Burke Porter Group, Horiba Ltd, Chroma Ate, and KUKA AG |
| Key Drivers | •The development of new technology for batteries. •Widespread implementation of electronics in motor vehicles. |
| RESTRAINTS | •A greater increase in the expense of equipment requiring advanced technologies. •It is anticipated that a reduction in subsidies for electric vehicles will slow the expansion of the market. |
The EV Test Equipment Market is expected to reach USD 620.32 million by 2031
The forecast period of the EV Test Equipment Market is 2024-2031.
Major players in the market are Arbin Instruments, Dewesoft, FEV group Gmbh, Atesteo Gmbh, AVL List Gmbh, Blum-Novotest Gmbh, Burke Porter Group, Horiba Ltd, Chroma Ate, and KUKA AG., and others in the final report.
The report is segmented into two types by Propulsion Type, by Application.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global EV Test Equipment Market Segmentation, By Propulsion Type
8.1 BEV
8.2 HEV
8.3 PHEV
9. Global EV Test Equipment Market Segmentation, By Vehicle Type
9.1 Passenger cars
9.2 Commercial vehicles
10. Global EV Test Equipment Market Segmentation, By Application
10.1 EV Component & Drivetrain
10.2 EV Charging
10.3 Powertrain
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 KUKA AG,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Arbin Instruments
12.3 Dewesoft
12.4 FEV Group Gmbh
12.5 Atesteo Gmbh
12.6 AVL List Gmbh
12.7 Blum-Novotest Gmbh
12.8 Burke Porter Group
12.9 Horiba Ltd
12.10 Chroma Ate
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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