Le Lézard
Classified in: Transportation, Science and technology, Covid-19 virus
Subject: MRR

EV Test Equipment Market Worth $118.67Bn, Globally, by 2028 at 20% CAGR - Exclusive Report by The Insight Partners


NEW YORK, May 24, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "EV Test Equipment Market Forecast to 2028 ? COVID-19 Impact and Global Analysis ? by Vehicle Type (Passenger Car, Commercial Vehicle, and Low Speed Electric Vehicles), Equipment Type (Battery Test Equipment, Motor Test Equipment, Engine Dynamometer, Chassis Dynamometer, Transmission Dynamometer, Fuel Injection Pump Tester, Inverter Tester, EV Drivetrain Test, On-Board Charger, and AC/DC EVSE), Application (EV Component and Drivetrain System, EV charging, and Powertrain), and End-Users (OEMs, Tier 1 Suppliers, Research and Academics, and Others)", the global EV test equipment market is expected to grow from $35.07 billion in 2021 to $118.67 billion by 2028; it is estimated to grow at a CAGR of 20.0% from 2022 to 2028.

The Insight Partners Logo

The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00020871/

Report Coverage

Details

Market Size Value in

US$ 35.07 Billion in 2021

Market Size Value by

US$ 118.67 Billion by 2028

Growth rate

CAGR of 20.0% from 2022 to 2028.

Forecast Period

2022-2028

Base Year

2022

No. of Pages

180

No. Tables

116

No. of Charts & Figures

99

Historical data available

Yes

Segments covered

Vehicle Type, Equipment Type, Application, and End-Users

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

EV Test Equipment Market: Competitive Landscape and Key Developments

National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; KEYSIGHT TECHNOLOGIES, INC.; Froude, Inc; Dynomerk Controls; Comemso electronics GmbH; Durr Group; TÜV RHEINLAND; INTERTEK GROUP PLC; TOYO SYSTEM CO., LTD; and WONIK PNE CO., LTD are among the key players profiled during the study of the global EV test equipment market. Several essential market players were analyzed to get a holistic view of the EV test equipment market and its ecosystem.

Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00020871/

In November 2021, NI announced a new Inverter Test System (ITS) and a partnership agreement with D&V Electronics for power-level inverter tests to improve testing environments and workflows for electric vehicle (EV) traction inverter validation.

In July 2021, HORIBA Europe GmbH completed the acquisition of BeXema GmbH. HORIBA integrates electric power technology within its internal supply chain through this purchase.

EV test equipment is used to inspect various EV components such as batteries and motors to keep automotive parts ahead of the competition, provide guaranteed performance, and ensure customer safety and satisfaction. The EV test equipment is used in EVs to assess the total vehicle performance, EV battery and charger testing, power electronics testing, and motor and dynamometer testing. 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.

EV Test Equipment Market: Vehicle Type Segment Overview

Based on vehicle type, the EV test equipment market is segmented into passenger car, commercial vehicle, and low speed electric vehicles. In 2021, the passenger car segment led the market, accounting for the largest share of the EV test equipment market.

Click Here to Avail Lucrative DISCOUNTS on Our Latest Research Reports. We Offer Student, Enterprise, and Special Periodic Discounts to Our Clientele. Please Fill the Form to Know DISCOUNTED PRICE

APAC is one of the most important regions for the EV test equipment market, and it is predicted to develop at the highest rate in the coming years. During the forecast period, from 2022 to 2028, it is expected that this region will register the highest CAGR. The huge population of nations such as China and India, which account for more than 38% of the world population, is a crucial element contributing to the region's growth. Furthermore, several beneficial government measures conducted in these regions to revive the automobile sector, which was severely affected by the COVID-19 pandemic, are expected to promote EV test equipment market expansion. Furthermore, growing urbanization and the development of smart cities will fuel the expansion of electric vehicles, accelerating the EV test equipment market's development.

Due to the presence of large vehicle manufacturers, Europe is a competitive marketplace for EV test equipment makers, with Germany ranking first in this regional market. Furthermore, the government's stringent road safety requirements and growing support for electrification in the automotive industry will boost the EV test equipment market growth. Furthermore, due to the growing demand for EVs, North America is expected to be the third-largest market globally. The growing popularity of linked EVs is expected to support the regional market growth during the forecast period. The EV test equipment market's rapid expansion can also be linked to technologically advanced infrastructure and the presence of technical behemoths.

The Middle East is witnessing early adoption and government initiatives to support the development of superior EV test equipment. For example, Dubai has successfully persuaded its people and businesses to utilize electric and hybrid vehicles as part of the Dubai Green Mobility Initiative, which is at the forefront of the UAE's clean mobility. Further, the Dubai Supreme Council of Energy mandated that 10% of all cars be green by 2030 to support the Dubai Clean Energy Strategy 2050. All of these variables eventually contribute to the EV test equipment market growth.

Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of The Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of The Report and Queries Regarding the Scope of The Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00020871

Impact of COVID-19 Pandemic on SAM EV Test Equipment Market:

In response to the drastic impact of the COVID-19 pandemic on transportation systems, various reports by the World Bank, ITU, GSMA, and World Economic Forum suggested that major countries in South America need to support the adoption of electric vehicles and renewable energy in the transportation sector. This created a huge demand for essential EV test equipment across the region. Major EV test equipment players in South America are actively taking initiatives to promote the sales of high-performance EVs, thereby expanding their presence across Brazil, Chile, and Argentina. Further, government initiatives play a major role in accelerating the EV test equipment market growth in South America.

The existing regulations and incentives to introduce new technologies and electrification have increased Brazil's demand for EV testing and the EV test equipment market. In Brazil, ~15,000 EV units are expected to be commercialized by 2025. The government of Argentina is trying to boost EV sales with additional tax incentives and investments in infrastructural improvements, which is anticipated to generate considerable demand for EV test equipment. These developments, accelerated due to the COVID-19 pandemic, are creating positive growth prospects for the EV test equipment market in the region.

Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPRE00020871/

Browse Adjoining Reports:

Electric Vehicle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles); Vehicle Category (Passenger Cars, Commercial Vehicles, Two Wheelers) and Geography

EV Charging Cables Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Private Charging, Public Charging); Power Supply Type (Alternate Charging, Direct Charging); Cable Length (2 Meters to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); Charging Level (Level 1, Level 2, Level 3); Jacket Material (All-Rubber Jacket, Thermoplastic Elastomer (TPE) Jacket, Polyvinyl Chloride (PVC) Jacket) and Geography

Electric Vehicle Chargers Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Vehicle Type (Battery Electric Vehicles, Plug-In Electric Vehicles, and Hybrid Electric Vehicles), Charging Type (On-Board Chargers and Off-Board Chargers), and End-users (Residential, and Non-residential)

Automotive Test Equipment Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Vehicle Type (Passenger Car, LCV, and HCV), Product Type (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester, and Others), Equipment Type (Handheld Tool, Mobile Tool, and System Based Tool)

Low Emission Vehicle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Hybridization (Mild Hybrid Electric Vehicle (MHEV), Full Hybrid Electric Vehicle (FHEV), Plug-in Hybrid Electric Vehicle (PHEV), Pure Electric Vehicle (EV or BEV)); Batteries (Lead Acid Battery, Nickel Cadmium Battery, Metal Hydride Battery, Lithium Ion Battery) and Geography

Military Hybrid Electric Vehicle (HEV) and Electric Vehicle (EV) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Manned HEV and EV, Unmanned HEV and EV); EV Charging Point Type (AC Charging, DC Charging); Vehicle Drive Type (Front-Wheel Drive, Rear Wheel Drive, All Wheel Drive) and Geography

EV On-Board Chargers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Current Type (AC, DC); Propulsion Type (BEV, HEV, PHEV); Vehicle Type (Passenger Cars, LCV, HCV) and Geography

EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876 
Press Release: https://www.theinsightpartners.com/pr/ev-test-equipment-market

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg


These press releases may also interest you

at 21:20
The introduction of subscription services for STEM toys is expected to be a key trend of the Science, Technology, Engineering and Mathematics (STEM) Toys Market share growth. Many online retailers provide subscription services for STEM toys in...

at 21:10
Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") announces its audited financial results for the year ended December 31, 2021. All amounts are in Canadian dollars and are prepared in...

at 20:37
In advance of the July 4th Independence Day weekend, the American Association of Kidney Patients (AAKP), the nation's largest independent kidney patient organization, released their annual summer reading list featuring articles by AAKP-affiliated...

at 20:25
K92 Mining Inc. ("K92" or the "Company") is pleased to announce the voting results of its 2022 annual general meeting ("AGM") of shareholders that was held today as a virtual event. All of the resolutions proposed at the meeting were duly passed. A...

at 19:38
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yext, Inc. between March 4, 2021 and March 8, 2022, both dates inclusive (the "Class Period"), of the important August 16, 2022 lead plaintiff deadline....

at 18:24
As previously announced, Vertical Capital Income Fund paid a monthly distribution of $0.0721 per share to all shareholders of record as of June 17, 2022, pursuant to the Fund's managed distribution plan (the "Plan")....



News published on 24 may 2022 at 07:30 and distributed by: