Increasing concern for the environment coupled with escalation in adoption of electric vehicles is expected to lead to the growth of EV test equipment market.
According to TechSci Research report, “Electric Vehicle Test Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Global Electric Vehicle test equipment Market is anticipated to grow at a robust growth rate of 12.22% in terms of value during the forecast period, owing to sustainable expenditure of electric vehicle manufacturing & increase in demand of testing services & logistics industry. The test equipment in electric vehicles is used to test the interior system and components, such as EV battery and charger testing, power electronics testing, and motor and dynamometers, to ensure overall vehicle performance. Motor testing equipment, for example, is used to check torque or electric signal, high speed of an electric vehicle using sensors, voltage probes, and other software. The automotive and electronics industries have changed dramatically in recent years. The development and demand for safety features and advanced applications in vehicles, such as navigation systems, infotainment, adaptive cruise control systems, and electronic ignition systems, necessitates higher 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 than162 market data Figures spread through 232 Pages and an in-depth TOC on "Global Electric Vehicle Test Equipment Market"
https://www.techsciresearch.com/report/ev-test-equipment-market/7568.html
Global Electric Vehicle test equipment Market is segmented on the basis of equipment type, vehicle type, by propulsion type, by sourcing type and by region. Based on equipment type, the market is further split into battery test equipment, motor test equipment, chassis dynamometer, transmission dynamometer, inverter test equipment, on-board charger test equipment, & others. Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. Increase in sales of electric passenger cars owing to presence of huge population and disposable income is driving the demand for EV Test Equipment . In terms of propulsion, battery electric vehicle is expected to be the fastest growing segment during the forecast period. As the adoption of electric vehicles is rising, the testing of battery electric vehicles is increasing rapidly which correspondingly escalates the demand of Electric Vehicle Test Equipment market and is expected to continue to grow sustainably. Based on propulsion type, the market is further segmented into battery electric vehicles (BEV) & hybrid electric vehicle (HEV). In hybrid electric vehicle (HEV), holds the major share in this segment due to the power generation and economic affordability.. Based on sourcing type, the market is further bifurcated into outsourcing and in-house. Outsourcing holds the major share because of 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.
- TUV RHEINLAND Group
- Schneider Electric SE
- Intertek Group Plc
- Durr Group
- ZF Friedrichshafen AG
- AVL List GmbH
- FEV GROUP
- 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.
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“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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