Global EV Test Equipment Market By Electric Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles), By Vehicle Type, By Equipment Type, By Application (EV Component and Drivetrain Systems, EV Charging Solutions, Powertrain), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Electric Vehicle (EV) test equipment is used to inspect various EV components such as batteries, motors, and other components of a given vehicle, in order to keep its automotive parts performance guaranteed shape, as well as to ensure overall customer safety and satisfaction. The surging demand for EVs has resulted in an increase in the number of advancements in the EV test equipment market. The demand for alternative fuel vehicles has grown in response to the need to minimize pollution levels created through fossil fuels, and to make the environment cleaner and greener.

Governments all around the globe have implemented measures to reduce crude oil consumption, vehicular emissions, and air pollution levels, and to promote the use of renewable energy sources. The market for EV test equipment is predicted to develop in response to a surge in the demand for these electric vehicles.

Furthermore, increasing emphasis on developing new revolutionary battery technologies that offer a longer battery life, to be able to enable the functioning of various electric functionalities and features, as well as are capable of adhering to stricter imposed emission guidelines, are all elements that are slated to boost the demand for EV test equipment. Additionally, the introduction of self-driving and semi-autonomous vehicles are also expected to further complement market demand.

Detailed Segmentation –

Based On Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

Based On Electric Vehicle Type:

• Battery Electric Vehicles
• Hybrid Electric Vehicles

Based On Equipment Type:

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

Based On Application:

• EV Component and Drivetrain Systems
• EV Charging Solutions
• Powertrain

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global EV Test Equipment Market:

The increasing demand for battery-powered and hybrid vehicles is likely to drive this market’s economic trajectory in the coming years. Battery testing, E-drive testing, power electronics test systems, dynamometers, motor testing, and charger testing systems are all examples of EV test equipment.

OEMs have included numerous battery packs and other vehicle electronic components, as well as to improve existing charging stations as a means of boost market growth prospects. Advanced testing equipment/platforms for EV charging stations are available from companies such as DEKRA, TUV Rheinland, and Intertek. Apart from the emerging production of electric vehicles, autonomous vehicle testing has increased at a rapid pace. The EV test equipment market is likely to profit from the increased emphasis on R&D activities towards the development of autonomous vehicle technology.

Restraints for the Global EV Test Equipment Market:

Though the overall price of test equipment/systems for conventional Internal Combustion Engine vehicles (ICE vehicles) has decreased, newer technologies such as electric and hybrid vehicle test equipment are more expensive than traditional test systems. This may hinder the adoption of new technology, as well as reduce the demand for innovative items. The high expense of EV test equipment may dissuade businesses from investing in R&D initiatives. This is especially true in emerging markets, where OEMs frequently outsource or import advanced test equipment.

Opportunities for the Global EV Test Equipment Market:

Innovative charging station technologies such as turbo charging, Terra HP charging, smart charging systems, wireless power transmission, and bi-directional chargers are being developed by EV charging station firms. Such advancements in electric vehicle charging systems are projected to necessitate improved testing techniques. Testing systems for EV charging stations are available from companies including ROLEC, DEKRA, and TUV Rheinland.

Smart charging is one of the most advanced charging systems. It facilitates load balancing and the proportional distribution of available power capacities across all active charging stations. It also enables the collection of critical charging data from numerous stations using a single cloud-based management platform. Peak shaving, which saves excessive expenditures by lowering or interrupting a charging session if the power consumption exceeds a specified level, is another benefit of this method of charging.

Validation through testing equipment is essential to assure the proper operation of such sophisticated charging systems. Owing to this, a spike in R&D initiatives concerned with charging stations are likely to boost the demand for EV test equipment or charging station systems in the process.

Trends for the Global EV Test Equipment Market:

The market for electric vehicles has grown in response to increasing demand for alternative fuel-run vehicles. Governments all around the world have adopted and implemented laws that encourage the use of electric vehicles in order to reduce crude oil consumption, automotive emissions, and air pollution levels as well. The market for electric vehicle testing equipment and other related components are predicted to develop in response to surging demand for electric vehicles.

The demand for EV test equipment, software, and repair data is also expanding at an exponential pace due to an increased focus on the development of novel battery technologies, the high demand for vehicle electrical capabilities and features, as well as the implementation of stringent emission regulations.

Competitive Landscape –

• Arbin Instruments
• Atesteo GmbH
• AVL List GmbH
• Blum-Novotest GmbH
• Burke Porter Group
• Chroma Ate
• Dewesoft
• FEV Group GmbH
• Horiba Ltd.
• Kuka AG

Recent Developments in the Global EV Test Equipment Market:

• In October 2020, HORIBA added the all-new automated riding system, ADS EVO, which ensures accurate and repeatable global test cycles on chassis dynamometers.
• In October 2020, the FEV Group released an incorporated turnkey answer to check-out present-day high-voltage battery technology.

For the EV Test Equipment Market research study, the following years have been considered to estimate the market size: