Market Size

The global EV test equipment market size was valued at USD 48 million in 2020 and is estimated to reach a value of USD 126 million in 2027. The EV test equipment market analysis shows that it will grow with a CAGR of 22.6% over the forecast period of 2021 to 2027.

Market Driver

The need to replace petroleum-fueled vehicles with emission-free alternatives has been emphasised by factors such as rising emissions and the danger of global warming. The market for electric vehicle testing equipment market is expected to rise in response to rising demand for electric vehicles. After decades of research and development, the industry has determined that electric vehicles are the most suitable replacement for traditionally powered vehicles, resulting in the growth of the electric vehicle market. Electric vehicle sales have risen in tandem with the rise in demand for alternative fuel vehicles. Governments all over the world have introduced and enforced policies that encourage the use of electric vehicles in order to minimise crude oil usage, automotive emissions, and air pollution. The growing demand for battery-powered and electric vehicles is expected to drive market expansion. Battery research,  power electronics test systems, dynamometers, motor testing, and charger testing systems are all examples of EV test equipment. OEMs have integrated numerous battery packs and vehicle electronic modules, as well as advanced charging stations, in electric vehicles as of 2021, fueling market development. Advanced testing equipment/platforms for electric vehicle charging stations are available from companies including TUV Rheinland, DEKRA, and Intertek. Apart from the increased development of electric vehicles, autonomous vehicle research has increased at a rapid pace. The overall market is expected to benefit from the focus on R&D in autonomous vehicle technology, as the majority of autonomous vehicles are electric.

Market Opportunity

Innovative charging station technologies including Terra HP charging, turbo charging, wireless power transfer, smart charging systems, and bi-directional chargers are being developed by EV charging station companies. Such advancements in electric vehicle charging systems are likely to necessitate sophisticated testing systems. Testing systems for EV charging stations are available from companies including DEKRA, ROLEC, and TUV Rheinland. Smart charging is one of the most advanced charging systems. Smart charging allows for load balancing and proportional distribution of usable power capacity to all active charging stations. It also facilitates the collection of critical charging data from various stations using a single cloud-based management framework. Peak shaving, which avoids unnecessary costs by decreasing a charging session if the power consumption exceeds the required limit, is another benefit of this method of charging. Validation by testing instruments is necessary to ensure the proper operation of such complex charging systems. As a result, rising research and development in charging stations is expected to boost demand for EV test equipment or charging station systems.

Segment Outlook

Based on equipment type, the market is segmented into motor test equipment, battery test equipment, engine dynamometer, transmission dynamometer, chassis dynamometer, fuel injection pump tester, inverter tester, EV drive train test, AC/DC EVSE, on-board charger. By application, segmentations are EV charging, EV component and drivetrain system, powertrain. Based on vehicle type, the market is categorized into battery electric vehicles (BEV), hybrid electric vehicle (HEV).

Regional Outlook

The EV test equipment market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for EV test equipment by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for EV test equipment is segmented by region and then by country and segment. The Asia Pacific region is expected to be the largest market for EV testing equipment during the projection period. This is due to  the early acceptance of public EVs in the resulting in an upsurge in the demand for EV test equipment in the Asia Pacific region. The report analyzes supply and demand-side factors affecting EV test equipment market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report is opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are AVL (Austria), TUV Rheinland (Germany), teamtechnik (Germany), FEV Europe GmbH (Germany), Intertek Group plc (United Kingdom), Chroma ATE (Taiwan), KUKA AG (Germany), Arbin Instruments (United States), ZF Friedrichshafen AG (Germany), and HORIBA (Japan). However, we have also considered other companies for detailed primary interviews.

Research Methodology

EV test equipment market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

EV Test Equipment Market Size and Outlook by Equipment Type

• Motor Test Equipment
• Battery Test Equipment
• Engine Dynamometer
• Transmission Dynamometer
• Chassis Dynamometer
• Fuel Injection Pump Tester
• Inverter Tester
• EV Drive Train Test
• AC/DC EVSE
• On-Board Charger

EV Test Equipment Market Size and Outlook by Application

• EV Charging
• Powertrain
• EV Component And Drivetrain System

EV Test Equipment Market Size and Outlook by Vehicle Type

• Battery Electric Vehicles (BEV)
• Hybrid Electric Vehicle (HEV)

EV Test Equipment Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• AVL (Austria)
• TUV Rheinland (Germany)
• teamtechnik (Germany)
• FEV Europe GmbH (Germany)
• Intertek Group plc (United Kingdom)
• Chroma ATE (Taiwan)
• KUKA AG (Germany)
• Arbin Instruments (United States)
• ZF Friedrichshafen AG (Germany)
• HORIBA (Japan)

Actionable Outcomes

Our EV Test Equipment Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutionsare trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on EV test equipment market size
• EV test equipment market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• EV test equipment market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected EV test equipment market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze EV test equipment market share
• Measures to consider for EV test equipment market