Electric Vehicle Testing Equipment Market Size Was Valued at USD 51.6 Million in 2023 and is Projected to Reach USD 237.7 Million by 2032, Growing at a CAGR of 18.5% From 2024-2032.
EV testing comes beyond mere vehicle type and component certification. It is made up of charging stations, infrastructure, and the processes that make it possible for EVs to communicate with charging stations and back-office systems; this is known as interoperability or conformance testing. The EV test equipment industry is volatile due to the pandemic. Governments of different areas with temporary or total closing of industries have negatively impacted production and sales in the whole. Furthermore, flights were cancelled, there were travel restrictions and quarantine rules were in place which had a significant impact on global logistics as well as the supply chain activities.
Alterations of paramount proportions took place in the automotive and electronic sectors recently. Powertrain systems that are highly advanced, intense power conversion systems, and more power are essential to meet the expanding market need that requires sophisticated automotive applications and safety features including infotainment, electronic ignition, navigation and infotainment systems. Moreover, this pioneering innovation has also been the key factor for the development of modern electric vehicle testing facilities that include programmable power sources and electronic loads with higher output power and faster response times.
Leading players involved in the Keyword Market include
· Arbin instruments
· Atestep Gruh
· AVL (Austria)
· Blum- Novotet Gmbh
· Burke Portar Group
· Chroma ATE ( Taiwan)
· Comemso electronics Gmbh
· Dewesoft
· Durr Group (Germany)
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The Report Will Include A Major Chapter
By Vehicle type
· BEV
· PHEV
· HEV
By Equipment Type
· Battery Test
· Powertrain
· EV Component
· EV Charging
· Others
By Application
· Passenger Cars
· Commercial Vehicles
Rising Demand for Electric Vehicles (EVs)
The main driving force behind the growth of the Electric Vehicle Testing Equipment Market is the growing demand for electric vehicles due to various factors. On the other hand, with the increasing popularity of the EVs (Electric Vehicles) on a global stage, there is a growing need for comprehensive analysis and testing of the varied components and systems that are used in these automobiles.
Electric vehicles are such complex mechanical systems, which can be split into parts like charging systems, batteries, electric drivetrains, and power electronics that are all subject to strict testing protocols for their compliance with regulations, performance and safety standards. The electric vehicle testing equipment is an indispensable function at every stage of the vehicle development cycle, such as research and development, production, and aftermarket services where the effectiveness, dependability, and durability of all constituents are examined.
By Region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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Complementary sales of BEV and PHEV in addition to decreasing power-train costs owing to material improvements and good packaging arrangement are pushing the market. On the top of that, because of the fabulous price of batteries, additions to the performance of the energy systems have been needed. In addition, governments all over have devised a broad array of policies and programs in order to make individuals choose electric vehicles as opposed to conventional ones. As an illustration of this approach, we can cite the ZEV initiative in California, which aims to have the 1. 5 million electric vehicles on the road in 2025. The program’s purpose is to encourage more electric car owners. In addition to the Netherlands, India, China, the UK, and South Korea, which are followed by France, Germany, and Norway, there are a wide range of support measures.
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Key Industry Developments in the Electric Vehicle Testing Equipment Market:
In June 2024, SAE International®, a leading authority in mobility standards development, partnered with Pearson VUE, the global leader in computer-based testing for certification and licensure exams, to launch its Electric Vehicle Supply Equipment (EVSE) Technician Certification in May 2024. This collaboration aimed to tackle the shortage of qualified EV technicians needed to support the expanding EV infrastructure in the US and globally. By leveraging Pearson VUE’s expertise, SAE International sought to ensure that technicians were equipped with the necessary skills to meet the demands of the rapidly growing electric vehicle industry.
In January 2023, Hitachi Energy, a global leader in advancing sustainable energy, announced that it had completed the acquisition of COET, a prominent designer and manufacturer of power equipment for electric mobility, rail, and industry, located in the greater Milan area of Italy. This acquisition bolstered Hitachi Energy’s global standing and expanded its offerings in high-power electric vehicle charging infrastructure, power electronics, and grid-edge solutions. The strategic move enhanced the company’s production capacity and technological capabilities, reinforcing its commitment to driving a sustainable energy future.
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