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.
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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.
- 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.
“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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Geographically, this report split USA into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Electric Vehicle Service Equipment (EVSE) for these regions, from 2012 to 2023 (forecast), includingNortheastMidwestSouthWestDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/usa-us-electric-vehicle-service-equipment-2018-751USA Electric Vehicle Service Equipment (EVSE) market competition by top manufacturers/players, with Electric Vehicle Service Equipment (EVSE) sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players includingChargepointSchneiderSiemensABBEatonLevitonAeroVironmentPanasonicElektromotiveClipper CreekDBT CEVPod PointBYDNARIXuji GroupOn the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Electric Vehicle Service Equipment (EVSE) for each application, includingHomePublic ParkingShopping MallOffice ParkingHotelsGet the Complete Report & TOC @ https://www.grandresearchstore.com/automotive-and-transportation/usa-us-electric-vehicle-service-equipment-2018-751Table of content1 Report Overview1.1 Definition and Specification1.2 Report Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.2.3 Type Overview2 Market Analysis by Types2.1 Overall Market Performance(Volume)2.1.1 Level 1 Market Performance (Volume)2.1.2 Level 2 Market Performance (Volume)2.1.3 Level 3 Market Performance (Volume)3 Product Application Market3.1 Overall Market Performance (Volume)3.1.1 Home Market Performance (Volume)3.1.2 Public Parking Market Performance (Volume)Key Que Answered in this report:What will the Global Electric Vehicle Service Equipment (EVSE) Market?What are the key factors driving the Global Electric Vehicle Service Equipment (EVSE) Market?What are the key market trends in the Electric Vehicle Service Equipment (EVSE) Market?improve pasting the growth of this Electric Vehicle Service Equipment (EVSE) Market?What are the challenges to the Electric Vehicle Service Equipment (EVSE) Market?What are the market opportunities and threats faced by the Electric Vehicle Service Equipment (EVSE) Market?What are the key outcomes of the five forces analysis of the Electric Vehicle Service Equipment (EVSE) Market?What is our report offers:Strategic suggestions and proposals for the beginners to understandAssessments of the market share from different countries and regions were conductedTop key market players, market share analysis included.The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.The competitive landscaping mappings of the ongoing trends are discussed.Based on the market estimations, the strategic recommendations are made in the business segmentsCONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected]
