Global EV Test Equipment Market (2021 to 2026) - Advancements in EV Charging Stations Presents Opportunities

Dublin, April 12, 2021 (GLOBE NEWSWIRE) -- The "EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), by Electric Vehicle Type (BEV and HEV), by Equipment Type, by Application (EV Component and Drivetrain, EV Charging, and Powertrain), Region - Global Forecast to 2026" report has been added to's offering.

The global EV test equipment market size is projected to reach USD 105 million by 2026, from an estimated USD 42 million in 2021, at a CAGR of 20.1%.

There have been a rising number of innovations in the EV test equipment market. This can be attributed to the increasing demand for emission-free and efficient electric vehicles, driver safety, charging stations, and vehicle diagnosis features that increase the durability of EVs. Due to the increasing focus on the development of innovative battery technologies, high demand for vehicle electronic functions and features, and stringent emission standards, the demand for EV test equipment, software, and repair data is rising.

Increasingly stringent emission norms to reduce the negative environmental impact due to vehicle emissions is driving the demand for vehicle emission test systems. Due to efforts to control vehicle emissions, various governments and OEMs are promoting the use of electric vehicles for transportation as this enables significant reductions in automotive emissions. The introduction of autonomous and semi-autonomous vehicles, increasing adoption of the connected vehicle technology, and monetization of real-time data are expected to further boost the growth of the EV test equipment market. The market is majorly driven by the rising sales of electric vehicles globally and stringent emission norms.

Favorable government policies and high adoption rate of electric vehicles are expected to boost the electric vehicle testing equipment market along with other factors such as advancements in both, EV charging technology and EV battery technology, increasing demand for onboard portable test equipment, etc. However, the high cost of the installation of testing equipment, reductions in subsidies in major markets, and the high cost of electric vehicles pose challenges to the market. Another factor slowing the growth of this market is the high cost of advanced testing equipment. As EV manufacturers develop advanced batteries, e-axle assemblies, EV charging stations, and EV inverters, EV tests require highly sophisticated instruments and equipment which add to the overall cost of the test equipment. Further, to save space and reduce the overall weight, smaller semi-conductor devices are being integrated into such electronic devices. This has created the need for highly accurate and precise test equipment. The equipment also is required to be updated whenever there are changes in regulations or technologies.

The EV component and drivetrain segment is expected to be the largest application segment in the forecast.

The EV component and drivetrain system segment is expected to lead the EV test equipment market during the forecast period, in terms of value. The test systems required for EV components and drivetrains vary depending upon the specifications (voltage and other factors), applications, standards, and compatibility. The increasing adoption of EVs due to their emission-free operation and high fuel prices are leading to the high growth of the market for test equipment for the EV component and drivetrain segment.

Motor test equipment segment is expected to be the second-fastest growing equipment segment during the forecast period.

Motor test equipment is used to check the performance of an EV motor which includes torque measurement technology, high speed record measurement for mechanical as well as electrical signals. Electric motors in the current market have a utilization rate of approximately 50%, which signifies that half of the energy utilized is not converted into output. The key components required to test an electric motor for EVs currently include analysis software to synchronize the electrical and mechanical test signal readouts, current probes and voltage probes (used to measure inverter output), and a digital torque sensor. Due to these requirements in electric vehicle testing in the Asia Pacific the EV market is expected to grow significantly.

Commercial vehicle segment is expected to be the fastest growing vehicle segment in the forecast period.

Growth of the segment can be attributed to the Asia Pacific region, which is leading the sales of global electric commercial vehicles in recent years. Renowned OEMs such as BYD, Yutong, and Tata are developing and offering advanced electric commercial vehicles in large volumes, driving the growth of the market for EV test equipment for commercial vehicles in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Impact of COVID-19 on the Electric Vehicle Charging Station Market, 2018-2026

4 Premium Insights
4.1 Attractive Opportunities in the EV Test Equipment Market
4.2 EV Test Equipment Market, by Electric Vehicle Type
4.3 EV Test Equipment Market, by Vehicle Type
4.4 EV Test Equipment Market, by Equipment Type
4.5 EV Test Equipment Market, by Application Type
4.6 EV Test Equipment Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Rising Sales of Evs and Semi-Autonomous and Autonomous Vehicles Extensive Use of Electronic Architecture/Vehicle Electronics in Evs Advancements in Battery Technologies Declining EV Battery Prices
5.2.2 Restraints High Cost of Advanced Technology Equipment Reductions in Subsidies for Evs in Major Markets
5.2.3 Opportunities Advancements in EV Charging Stations Technological Advancements in Test Equipment Evaluating Real-Time EV Data and Simulation Testing Increasing Demand for Onboard Diagnostic Tools
5.2.4 Challenges Lack of Compatibility and Standardization Maintaining Balance Between the High Cost and Performance of Test Equipment
5.3 Porter's Five Forces
5.4 EV Test Equipment Market Ecosystem
5.5 Value Chain Analysis
5.5.1 Planning and Revising Funds
5.5.2 EV Testing Equipment Suppliers
5.5.3 EV Testing Software Development
5.5.4 Oem
5.6 Tariff and Regulatory Overview
5.7 Case Study Analysis
5.7.1 Ion Energy's Battery Testing Solution
5.7.2 Stanford, Toyota Research Institute, and Mit on New Battery Testing Method
5.8 Technology Analysis
5.8.1 Ecu and E-Axle Testing
5.8.2 Simulation Testing
5.8.3 Adas Testing
5.9 Key Developments Related to the EV Battery
5.10 COVID-19 Impact Analysis
5.10.1 Introduction to COVID-19
5.11 COVID-19 Health Assessment
5.12 COVID-19 Economic Assessment
5.12.1 COVID-19 Economic Impact - Scenario Assessment
5.13 EV Test Equipment Market, Scenarios (2021-2026)
5.13.1 Most Likely Scenario
5.13.2 Optimistic Scenario
5.13.3 Pessimistic Scenario

6 EV Test Equipment Market, by Vehicle Type
6.1 Introduction
6.2 Operational Data
6.2.1 Assumptions
6.3 Research Methodology
6.4 Passenger Car
6.4.1 High Adoption of Zero Emission Passenger Vehicles to Boost the Passenger Car Segment
6.5 Commercial Vehicle
6.5.1 Presence of Leading Electric Commercial Vehicle Oems in Europe and Asia-Pacific to Drive the Market
6.6 Key Primary Insights

7 EV Test Equipment Market, by Equipment Type
7.1 Introduction
7.2 Operational Data
7.2.1 Assumptions
7.3 Research Methodology
7.4 Battery Test Equipment
7.5 Motor Test Equipment
7.6 Engine Dynamometer
7.7 Chassis Dynamometer
7.8 Transmission Dynamometer
7.9 Fuel Injection Pump Tester
7.10 Inverter Tester
7.11 EV Drive Train Test
7.12 On-Board Charger
7.13 Ac/Dc EVSE
7.14 Key Primary Insights

8 EV Test Equipment Market, by Application Type
8.1 Introduction
8.2 Operational Data
8.2.1 Assumptions
8.3 Research Methodology
8.4 EV Component and Drivetrain System
8.4.1 Increase in the Demand for Electric Vehicles to Boost the Market
8.5 EV Charging
8.5.1 Increasing Demand for On-Board Charger Testers and EVSE Ats to Drive the Test Equipment Market for EV Charging
8.6 Powertrain
8.6.1 Modern Powertrain Technologies in HEVs to Boost the Test Equipment Market
8.7 Key Primary Insights

9 EV Test Equipment Market, by Electric Vehicle Type
9.1 Introduction
9.2 Operational Data
9.2.1 Assumptions
9.3 Research Methodology
9.4 Battery Electric Vehicles (Bev)
9.4.1 Rising Demand for Emission-Free Vehicles to Boost the Bev Segment
9.5 Hybrid Electric Vehicle (Hev)
9.5.1 High Demand for the Hev in the Asia-Pacific to Drive the Market
9.6 Key Primary Insights

10 EV Test Equipment Market, by Region
10.1 Introduction
10.2 Asia-Pacific
10.3 Europe
10.4 North America
10.5 RoW

11 Competitive Landscape
11.1 Market Evaluation Framework
11.2 Overview
11.3 Market Ranking Analysis for EV Test Equipment
11.4 Market Evaluation Framework: Revenue Analysis of Top Listed/Public Players
11.5 Competitive Scenario
11.5.1 New Product Developments
11.5.2 Deals
11.5.3 Expansions, 2018-2020
11.6 Competitive Leadership Mapping for EV Test Equipment Market
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive
11.6.4 Participants
11.7 Winners Vs. Tail-Enders

12 Company Profiles
12.1 Key Players
12.1.1 Avl List Gmbh
12.1.2 Tuv Rheinland
12.1.3 Teamtechnik Group
12.1.4 Chroma Ate
12.1.5 Horiba Ltd.
12.1.6 Kuka Ag
12.1.7 Fev Group Gmbh
12.1.8 Burke Porter Group
12.1.9 Blum-Novotest Gmbh
12.1.10 Intertek
12.1.11 Arbin Instruments
12.1.12 Zf
12.1.13 Softing Ag
12.1.14 Sgs Sa
12.2 Other Key Players
12.2.1 North America Sierra Instruments Ul LLC Tasi Group Keysight Technologies NH Research Link Engineering National Instruments
12.2.2 Europe Vector Informatik Dewesoft Element Materials Technology Atesteo Gmbh
12.2.3 Asia-Pacific Sinfonia Technology

13 Recommendations
13.1 EV Test Equipment Manufacturers Need to Undertake Continuous Advancements in Electric Vehicles, Components, and Battery Technologies
13.2 Industries from Japan, Korea, and India Emerging as Promising Alternative to China for the Supply of Components
13.3 Conclusion

14 Appendix
14.1 Key Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details

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