Electric Vehicle (EV) Test Equipment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Electric Vehicle (EV) Test Equipment Market will experience a 9.8% CAGR from 2024 to 2032. This expansion is primarily driven by the accelerating adoption of electric vehicles worldwide, in line with advancements in EV technology and stringent regulatory standards aimed at ensuring vehicle safety and performance. For instance, the International Energy Agency (IEA) reported that global electric car sales surpassed 10 million in 2022, reflecting a 40% increase from the previous year. As governments and automotive manufacturers increasingly prioritize environmental sustainability, the demand for precise and reliable testing equipment continues to surge.

The overall Electric Vehicle (EV) Test Equipment Industry is classified based on Fuel, Vehicle, Application, and Region.

The commercial vehicle segment within the EV test equipment market will witness significant growth over the forecast period. The rising adoption of electric trucks and buses is pushing manufacturers to enhance testing procedures to ensure performance, safety, and efficiency. As commercial fleets transition towards electrification, the need for comprehensive testing solutions to evaluate battery life, power systems, and overall vehicle performance becomes critical. This shift is driving demand for advanced test equipment tailored for commercial EVs, reinforcing market growth in this segment.

The EV charging segment will capture a substantial market share, with applications ranging from public charging stations to home installations. As the infrastructure for electric vehicle charging expands globally, the need for testing equipment that can evaluate the performance, safety, and efficiency of charging solutions becomes increasingly important. Innovations in charging technology, such as ultra-fast chargers and wireless charging systems, further fuel the demand for sophisticated test equipment. The growing emphasis on reducing charging times and enhancing user convenience drives the development and deployment of advanced testing solutions.

Europe will play a pivotal role in the growth of the EV test equipment market through 2032. The region's commitment to reducing carbon emissions, alongside strong government policies promoting electric vehicle adoption, creates a favorable environment for market expansion. Europe's well-established automotive industry, in line with substantial investments in EV research and development, enhances the demand for high-quality testing equipment. Stringent regulatory standards and a proactive approach towards infrastructure development further support the growth of the EV test equipment market in this region.

Product Code: 6043

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Electric Vehicle Test Equipment Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component manufacturers
- 3.2.2 Technology providers
- 3.2.3 Research and development institutions
- 3.2.4 Test and certification agencies
- 3.2.5 Distributors and resellers
- 3.2.6 End users
3.3 Pricing analysis
3.4 Profit margin analysis
3.5 Technology and innovation landscape
3.6 Global EV landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Need for advanced automotive testing technologies
  - 3.10.1.2 Growing investments in zero-emission vehicles
  - 3.10.1.3 Rising production of electric vehicles across the globe
  - 3.10.1.4 Growing EV component manufacturers across Asia Pacific
  - 3.10.1.5 Rising awareness of sustainable equipment
- 3.10.2 Industry pitfalls and challenges
  - 3.10.2.1 High costs associated with manufacturing and testing
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Vehicle, 2021-2032, ($Mn)

5.1 Key trends
5.2 Passenger car
5.3 Commercial vehicle

Chapter 6 Market Estimates and Forecast, By Fuel, 2021-2032 ($Mn)

6.1 Key trends
6.2 Battery electric vehicles (BEVs)
6.3 Plug-in hybrid electric vehicles (PHEVs)
6.4 Hybrid electric vehicles (HEVs)

Chapter 7 Market Estimates and Forecast, By Application, 2021-2032 ($Mn)

7.1 Key trends, by application
7.2 EV component
7.3 EV charging
7.4 Powertrain
7.5 Battery test
7.6 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021-2032 ($Mn)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Arbin Instruments
9.2 AVL
9.3 Chroma ATE Inc.
9.4 CTS (Corporate Test Solutions)
9.5 DEKRA
9.6 Dynaload
9.7 Emerson Electric Co.
9.8 E-Mobility Engineering GmbH
9.9 GOM (A Zeiss Company)
9.10 HIOKI E.E. Corporation
9.11 HORIBA, Ltd.
9.12 Intertek Group plc
9.13 Keysight Technologies
9.14 KLA Corporation
9.15 LMS International (Siemens)
9.16 National Instruments Corporation
9.17 Pico Technology
9.18 Rohde and Schwarz
9.19 TUV Rheinland
9.20 Vector Informatik GmbH