The Future of Electric Vehicle Testing: Insights from the Electric Vehicle Test Equipment Market

According to Techsci Research, the global Electric Vehicle test equipment market is expected to experience robust growth of 12.22% in terms of value over the forecast period. This growth is driven by the sustained investment in electric vehicle manufacturing and an increased demand for testing services and logistics in the industry. The test equipment used in electric vehicles helps to evaluate the interior systems and components, such as EV battery and charger testing, power electronics testing, and motor and dynamometer testing, to guarantee overall vehicle performance. For instance, motor testing equipment is employed to examine torque or electric signals, electric vehicle speed using sensors, voltage probes, and other software. The automotive and electronics sectors have undergone significant changes in recent times. The development of safety features and advanced applications in vehicles, such as navigation systems, infotainment, adaptive cruise control systems, and electronic ignition systems, requires high-power, high-energy power conversion systems and advanced powertrain systems.

Customers want modular test solutions with expandable power, integrated safety, larger operating envelopes, integrated measurements, and faster transient response times for current products. As a result, advanced test solutions have been developed to support the growth of the electric vehicle test equipment market over the anticipated time period by shortening development and testing times, lowering costs, and increasing energy efficiency. The growing demand for alternative fuel vehicles and connected mobility has boosted sales of electric vehicles. Governments around the world have implemented policies to promote electric vehicles to reduce automotive emissions and air pollution. The growing demand for electric vehicles is expected to drive the market.

Browse more than 162 market data Figures spread through 232 Pages and an in-depth TOC on   "Global Electric Vehicle Test Equipment Market" -

The Global Electric Vehicle test equipment market is divided into different segments based on equipment type, vehicle type, propulsion type, sourcing type, and region. Equipment type segmentation includes battery test equipment, motor test equipment, chassis dynamometer, transmission dynamometer, inverter test equipment, on-board charger test equipment, and others. The market is also segmented based on vehicle type into passenger cars and commercial vehicles, with passenger cars driving the demand for Electric Vehicle Test Equipment due to the high population and disposable income. In terms of propulsion, the battery electric vehicle segment is expected to see the fastest growth during the forecast period. As the adoption of electric vehicles grows, the need for testing battery electric vehicles increases, driving the demand for Electric Vehicle Test Equipment and expected to sustain this growth. The propulsion type segment is further divided into battery electric vehicles (BEV) and hybrid electric vehicles (HEV), with the latter having a larger share in the market due to its power generation and affordability. Sourcing type segmentation includes outsourcing and in-house, with outsourcing holding the majority share due to the lack of infrastructure and skilled workers to operate the testing equipment.

Some of the major players operating in the Global Electric Vehicle Test Equipment Market include:

  • Chroma ATE Inc.
  • Horiba Ltd.
  • Schneider Electric SE
  • Intertek Group Plc
  • Durr Group
  • ZF Friedrichshafen AG
  • AVL List GmbH
  • ABB Ltd.

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The demand for electric vehicle test equipment is anticipated to increase globally during the forecast period, on account of increased adoption of electric vehicles. Furthermore, as technological advancement spreads around the world, it will provide an opportunity for Electric Vehicle test equipment companies to continue innovating and investing in testing equipment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Electric Vehicle test equipment Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028 Segmented By Equipment (Battery Test Equipment, Motor Test Equipment, Chassis Dynamometer, Transmission Dynamometer, Inverter Test Equipment, On-Board Charger Test Equipment & Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By Propulsion Type (Battery Electric Vehicle (BEV) & Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), By Sourcing Type (In house & Outsourcing), By Region, has evaluated the future growth potential of Global Electric Vehicle test equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Electric Vehicle test equipment Market.

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About TechSci Research

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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