EV Test Equipment Market

EV Test Equipment Market by Vehicle Type (Passenger Car and Commercial Vehicle), by Electric Vehicle Type (BEV and HEV), by Equipment Type, by Application (EV Component and Drivetrain, EV Charging, and Powertrain), Region - Global Forecast to 2026

Report Code: AT 7857 Mar, 2021, by marketsandmarkets.com

[184 Pages Report] The global EV test equipment market size is projected to grow from USD 42 million in 2021 to USD 105 million by 2026, at a CAGR of 20.1%. Factors such as increasing pollution and the threat of global warming have accentuated the need to replace petroleum-fuel vehicles with emission-free substitutes. The increasing demand for electric vehicles is expected to fuel the growth of the market for electric vehicle testing equipment and related components.

After decades of R&D, the industry has found electric vehicles to be the best suitable substitute for traditionally fueled vehicles, which has resulted in the growth of the market for electric vehicles. The increasing demand for alternative fuel vehicles has also fueled the growth of the market for electric vehicles. To reduce crude oil consumption, automotive emissions, and air pollution, governments around the world have adopted and implemented favorable policies which promote the use of electric vehicles.

EV Test Equipment Market

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COVID-19 Impact On EV Test Equipment Market:

The production and sales of new vehicles had come to a halt across the globe as the entire supply chain had been disrupted during the initial outbreak of COVID-19. OEMs had to wait until lockdowns were lifted to resume production, which affected their businesses. Hence, vehicle manufacturers are expected to adjust production volumes. Also, component manufacturing was suspended, and small Tier II and Tier III manufacturers could have faced liquidity issues. The automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, the suspension of production during the outbreak and lower demand are expected to have an unprecedented impact on electric vehicle charging station manufacturers.

Due to the COVID-19 pandemic, countries imposed complete lockdowns for more than two months, which, in turn, has impacted vehicle production. Manufacturing units around the world were shut down, and vehicle sales have been significantly affected. A majority of the automakers have resumed limited vehicle production and adopted required measures to prevent the further spread of the pandemic. This market however, has not been negatively affected due to COVID-19 as there was high growth in the sales of EVs during the pandemic.

Market Dynamics:

Driver: Rising sales of EVs and semi-autonomous and autonomous vehicles

The rising demand for battery-operated and hybrid vehicles is expected to directly lead to market growth. EV test equipment includes test systems such as battery testing, E-Drive testing, power electronics test systems, dynamometers, motor testing, and charger testing systems. As of 2021, OEMs have incorporated various battery packs and vehicle electronic components in electric vehicles, along with advanced charging stations, thus, boosting market growth. Companies such as DEKRA, TUV Rheinland, and Intertek are offering advanced testing equipment/platforms for EV charging stations. Apart from the increase in the production of electric vehicles, the testing of autonomous vehicles increased at a high rate. As a majority of the autonomous vehicles are electric, the EV test equipment market is expected to benefit due to the emphasis on R&D in autonomous vehicle technologies.

Restraint: High cost of advanced technology equipment

Though test equipment/systems for conventional ICE vehicles have witnessed a decline in overall price levels, newer technologies such as electric and hybrid vehicle test equipment are expensive compared to the conventional test systems. This can slow the adoption of new technologies and the demand for innovative products may also suffer. EV test equipment manufacturers are under constant pressure from OEMs to reduce the prices of test equipment. The high cost may deter EV test equipment manufacturers from investing in R&D activities. This is seen in emerging countries where OEMs majorly outsource/import advance test equipment.

Opportunity: Advancements in EV charging stations

EV charging station companies are developing innovative charging station technologies such as turbo charging, Terra HP charging, smart charging system, wireless power transfer, and bi-directional chargers. Such developments in the charging systems of EVs are expected to require advanced testing systems. Companies such as ROLEC, DEKRA, and TUV Rheinland have been offering testing systems for EV charging stations. One of the most advanced charging technologies is smart charging. Smart charging enables load balancing and distributes the available power capacity proportionately over all active charging stations. It also helps gather vital charging data generated from multiple stations with a single cloud-based management platform. This type of charging also prevents excessive costs by reducing or pausing a charging session if the power consumption is above the specified level, which is called peak shaving. In order to ensure the proper working of such complex charging systems, validation through testing instruments is required. Thus, increasing R&D in charging stations is expected to drive the demand for EV test equipment or systems for charging stations.

Challenge: Lack of compatibility and standardization

The lack of standardization in EV components and charging stations might be a challenge in the EV test equipment market. Companies offer different types of electric vehicle charging stations, E-Axle/E-Drive, batteries, and other electronic components. Thus, it is not possible to have common testing platforms/systems for components of different component manufacturers and suppliers. For instance, a test stand manufacturer requires modifying test software and hardware to be compatible with different types of charging stations. Lack of compatibility can hamper the growth of EV test equipment, as customized test equipment systems are expected to require high development costs. Certain EV charging station test equipment may only be compatible with certain types of charging stations and limited voltage. Countries have their own standards for fast charging. Japan uses CHAdeMO; Europe, the US, and Korea use CCS; and China uses GB/T. Lack of standardization across countries is expected to curtail the growth of the market.

The passenger car segment is expected to be the largest vehicle type segment during the forecast period

The passenger car segment is projected to account for the larger share of the EV test equipment market, by vehicle type, during the forecast period. Growth of this segment can be attributed to the significant sales of BEVs and HEVs in the passenger car segment globally as compared to commercial vehicles. Governments across the world have been focusing on promoting emission-free electric vehicles, especially passenger cars, which in turn, is expected to drive the market. Automotive OEMs have been incorporating innovative EV components such as EV batteries, E-drive systems, and motors with advanced technologies, which demand thorough testing, fueling the demand for EV test systems/solutions.

Battery test equipment segment is expected to be the largest equipment segment during the forecast period

Based on equipment type, the Battery testing equipment segment is projected to lead the EV test equipment market during the forecast period, in terms of value. Continuous developments in battery technologies and rising demand for electric vehicles with significant range per charge are driving the battery test equipment segment. Major EV testing companies such as Intertek, AVL, TUV Rheinland, Keysight, Dewesoft, HORIBA, SGS, National Instruments, Softing, teamtechnik, Arbin Instruments, etc. provide battery testing equipment and services.

The Asia Pacific market is projected to hold the largest share by 2026

The Asia Pacific is projected to be the largest market for electric vehicle testing equipment during the forecast period. The Asia Pacific region is considered for China, Japan, South Korea, and India. This is due to the early adoption of public EVs in the Asia Pacific region leading to an increase in the demand for EV test equipment. Due to the increase in the sales of EVs in the region, especially in China, there is an increase in the demand for EV test equipment. The high preference for EVs, coupled with the increasing focus of governments on the adoption of EVs are expected to drive the growth of the market in the region.

EV Test Equipment Market  by Region

Key Market Players

The global EV test equipment market is dominated by major players such as AVL (Austria), TUV Rheinland (Germany), teamtechnik (Germany), Chroma ATE (Taiwan), and HORIBA (Japan). These companies offer extensive products and solutions for the EV test equipment industry; and have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

Scope of the report

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD Million)

Segments covered

Vehicle Type, Electric Vehicle, Application, Equipment, and Region

Geographies covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

AVL (Austria), TUV Rheinland (Germany), teamtechnik (Germany), Chroma ATE (Taiwan), and HORIBA (Japan)
A total of 26 major company profiles covered and provided

This research report categorizes the EV test equipment market based on vehicle type, electric vehicle, application, equipment, and region.

Based on the vehicle type:

  • Passenger Car
  • Commercial Vehicle

Based on the electric vehicle type:

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle

Based on the 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 the application:

  • EV Component And Drivetrain System
  • EV Charging
  • Powertrain

Based on the region:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
  • Rest of the World
    • Brazil
    • Russia

Recent Developments

  • In October 2020, HORIBA introduced the all new automatic driving system, ADS EVO, which works as a driving robot for testing vehicles.
  • In October 2020, FEV Group launched a fully integrated turnkey solution for testing the latest generation high-voltage batteries.
  • In July 2020, Chroma ATE launched a new Battery Pack Integrated Testbed, Chroma 8610, designed for the development and application of battery pack/modules and related parts. It integrates DC power supply, digital meter, battery charger/discharge system, and Hi-Pot equipment. The open architecture of 8610 provides a flexible and powerful UI (user interface).
  • In July 2020, Arbin launched new 3-Electrode battery testing solution.
  • In July 2020, T-Systems and KUKA partnered to develop digitized solutions for manufacturing industries.
  • In May 2018, Hyundai Heavy Industries and KUKA signed an MoU for a strategic partnership.
  • In April 2018, The Burke Porter Group completed the acquisition of a Belgium-based global supplier of production automation, Van Hoecke Automation (VHA),
  • In April 2018, Intertek received approval as an external laboratory partner to the BMW Group for the realignment of the BMW Group Standard 93016.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 OBJECTIVES OF THE STUDY
    1.2 PRODUCT DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
           TABLE 1 INCLUSIONS & EXCLUSIONS FOR THE EV TEST EQUIPMENT MARKET REPORT
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           FIGURE 1 EV TEST EQUIPMENT MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 VALUE UNIT CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           FIGURE 2 EV TEST EQUIPMENT MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
           FIGURE 6 FIGURE 5: MARKET SIZE ESTIMATION METHODOLOGY FOR THE EV TEST EQUIPMENT MARKET: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR THE MARKET: TOP-DOWN APPROACH
           2.5.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.7 FACTOR ANALYSIS
    2.8 RESEARCH ASSUMPTIONS AND LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 34)
           FIGURE 9 EV TEST EQUIPMENT MARKET: MARKET DYNAMICS
           FIGURE 10 MARKET, BY REGION, 2021–2026 (USD MILLIONS)
           FIGURE 11 EV CHARGING SEGMENT TO GROW AT A HIGHER CAGR DUE TO INCREASED FOCUS ON CHARGING INFRASTRUCTURE ACROSS THE GLOBE (2021–2026)
    3.1 IMPACT OF COVID-19 ON THE ELECTRIC VEHICLE CHARGING STATION MARKET, 2018–2026

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE EV TEST EQUIPMENT MARKET
           FIGURE 12 INCREASING DEMAND FOR EFFICIENT AND LOW-EMISSION COMMUTING TO DRIVE MARKET
    4.2 MARKET, BY ELECTRIC VEHICLE TYPE
           FIGURE 13 BEV SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
    4.3 MARKET, BY VEHICLE TYPE
           FIGURE 14 COMMERCIAL VEHICLE SEGMENT EXPECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
    4.4 MARKET, BY EQUIPMENT TYPE
           FIGURE 15 ON-BOARD CHARGER SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.5 MARKET, BY APPLICATION TYPE
           FIGURE 16 EV CHARGING SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
    4.6 EV TEST EQUIPMENT MARKET, BY REGION
           FIGURE 17 ASIA PACIFIC ESTIMATED TO BE LARGEST MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 EV TEST EQUIPMENT MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising sales of EVs and semi-autonomous and autonomous vehicles
           FIGURE 19 GLOBAL EV SALES, 2017-2020 (‘000 UNITS)
           TABLE 2 ROADMAP FOR TECHNOLOGY LEVEL AND IMPLEMENTATION OF SEMI-AUTONOMOUS AND AUTONOMOUS DRIVING SYSTEMS
                    5.2.1.2 Extensive use of electronic architecture/vehicle electronics in EVs
                    5.2.1.3 Advancements in battery technologies
           TABLE 3 EV BATTERY IMPROVEMENTS/INNOVATIONS
           FIGURE 20 DAWN OF EUROPEAN GIGAFACTORIES: ANNOUNCED LITHIUM-ION BATTERY CELL PRODUCTION SITES
                    5.2.1.4 Declining EV battery prices
           FIGURE 21 PRICE OF EV BATTERY PER KWH
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of advanced technology equipment
                    5.2.2.2 Reductions in subsidies for EVs in major markets
           TABLE 4 SUBSIDIES OFFERED FOR ELECTRIC VEHICLES IN CHINA
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advancements in EV charging stations
           FIGURE 22 ULTRA-FAST CHARGING IS EXPECTED TO GROW AT RAPID PACE
                    5.2.3.2 Technological advancements in test equipment
                    5.2.3.3 Evaluating real-time EV data and simulation testing
                    5.2.3.4 Increasing demand for onboard diagnostic tools
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of compatibility and standardization
                    5.2.4.2 Maintaining balance between the high cost and performance of test equipment
           TABLE 5 IMPACT OF MARKET DYNAMICS
    5.3 PORTER’S FIVE FORCES
           FIGURE 23 PORTER’S FIVE FORCES: EV TEST EQUIPMENT MARKET
           TABLE 6 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 INTENSITY OF COMPETITIVE RIVALRY
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 BARGAINING POWER OF SUPPLIERS
    5.4 MARKET ECOSYSTEM
           FIGURE 24 MARKET: ECOSYSTEM ANALYSIS
           TABLE 7 MARKET: ECOSYSTEM
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 25 VALUE CHAIN ANALYSIS: EV TEST EQUIPMENT MARKET
           5.5.1 PLANNING AND REVISING FUNDS
           5.5.2 EV TESTING EQUIPMENT SUPPLIERS
           5.5.3 EV TESTING SOFTWARE DEVELOPMENT
           5.5.4 OEM
    5.6 TARIFF AND REGULATORY OVERVIEW
           TABLE 8 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY PERFORMANCE
           TABLE 9 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY DURABILITY
           TABLE 10 REGULATIONS/VOLUNTARY PROCEDURES FOR EV BATTERY SAFETY
    5.7 CASE STUDY ANALYSIS
           5.7.1 ION ENERGY’S BATTERY TESTING SOLUTION
           5.7.2 STANFORD, TOYOTA RESEARCH INSTITUTE, AND MIT ON NEW BATTERY TESTING METHOD
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 ECU AND E-AXLE TESTING
           5.8.2 SIMULATION TESTING
           5.8.3 ADAS TESTING
    5.9 KEY DEVELOPMENTS RELATED TO THE EV BATTERY
           TABLE 11 EV BATTERY ENHANCEMENTS/INNOVATIONS
           TABLE 12 TOP SELLING EVS AND THEIR BATTERY DETAILS
    5.10 COVID-19 IMPACT ANALYSIS
           5.10.1 INTRODUCTION TO COVID-19
    5.11 COVID-19 HEALTH ASSESSMENT
           FIGURE 26 COVID-19: GLOBAL PROPAGATION
           FIGURE 27 COVID-19 PROPAGATION: SELECT COUNTRIES
    5.12 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 28 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           5.12.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
           FIGURE 29 CRITERIA IMPACTING GLOBAL ECONOMY
           FIGURE 30 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    5.13 EV TEST EQUIPMENT MARKET, SCENARIOS (2021–2026)
           FIGURE 31 FUTURE TRENDS & SCENARIO: MARKET, 2021–2026 (USD MILLION)
           5.13.1 MOST LIKELY SCENARIO
           TABLE 13 MOST LIKELY SCENARIO: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           5.13.2 OPTIMISTIC SCENARIO
           TABLE 14 OPTIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
           5.13.3 PESSIMISTIC SCENARIO
           TABLE 15 PESSIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

6 EV TEST EQUIPMENT MARKET, BY VEHICLE TYPE (Page No. - 73)
    6.1 INTRODUCTION
           FIGURE 32 COMMERCIAL VEHICLE SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 16 MARKET, BY VEHICLE TYPE, 2018–2026 (USD MILLION)
    6.2 OPERATIONAL DATA
           TABLE 17 TESTING AND PRODUCTION FACILITIES OF LEADING OEMS
           6.2.1 ASSUMPTIONS
           TABLE 18 ASSUMPTIONS: BY VEHICLE TYPE
    6.3 RESEARCH METHODOLOGY
    6.4 PASSENGER CAR
           6.4.1 HIGH ADOPTION OF ZERO EMISSION PASSENGER VEHICLES TO BOOST THE PASSENGER CAR SEGMENT
           TABLE 19 PASSENGER CAR: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD MILLION)
    6.5 COMMERCIAL VEHICLE
           6.5.1 PRESENCE OF LEADING ELECTRIC COMMERCIAL VEHICLE OEMS IN EUROPE AND ASIA PACIFIC TO DRIVE THE MARKET
           TABLE 20 COMMERCIAL VEHICLE: MARKET, BY REGION, 2018–2026 (USD MILLION)
    6.6 KEY PRIMARY INSIGHTS

7 EV TEST EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 79)
    7.1 INTRODUCTION
           FIGURE 33 ON-BOARD CHARGER SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 21 MARKET, BY EQUIPMENT TYPE, 2018–2026 (USD THOUSAND)
    7.2 OPERATIONAL DATA
           TABLE 22 SOME OF THE RENOWNED EV TESTING EQUIPMENT PROVIDERS WORLDWIDE
           7.2.1 ASSUMPTIONS
           TABLE 23 ASSUMPTIONS: BY EQUIPMENT TYPE
    7.3 RESEARCH METHODOLOGY
    7.4 BATTERY TEST EQUIPMENT
           TABLE 24 RECENT PARTNERSHIPS BY OEMS RELATED TO THE EV BATTERY
           TABLE 25 BATTERY TEST EQUIPMENT: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.5 MOTOR TEST EQUIPMENT
           TABLE 26 MOTOR TEST EQUIPMENT: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.6 ENGINE DYNAMOMETER
           TABLE 27 ENGINE DYNAMOMETER: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.7 CHASSIS DYNAMOMETER
           TABLE 28 CHASSIS DYNAMOMETER: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.8 TRANSMISSION DYNAMOMETER
           TABLE 29 TRANSMISSION DYNAMOMETER: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.9 FUEL INJECTION PUMP TESTER
           TABLE 30 FUEL INJECTION PUMP TESTER: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.10 INVERTER TESTER
           TABLE 31 INVERTER TESTER: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.11 EV DRIVE TRAIN TEST
           TABLE 32 EV DRIVE TRAIN TEST: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.12 ON-BOARD CHARGER
           TABLE 33 ON-BOARD CHARGER: MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.13 AC/DC EVSE
           TABLE 34 AC/DC EVSE: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    7.14 KEY PRIMARY INSIGHTS

8 EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE (Page No. - 91)
    8.1 INTRODUCTION
           FIGURE 34 EV CHARGING SEGMENT TO GROW AT A HIGHER CAGR DUE TO INCREASED FOCUS ON CHARGING INFRASTRUCTURE ACROSS THE GLOBE (2021–2026)
           TABLE 35 EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
    8.2 OPERATIONAL DATA
           TABLE 36 RENOWNED OEMS AND SOME OF THEIR PRODUCTION AND TESTING FACILITIES
           TABLE 37 REGION-WISE EV SALES DATA, 2016-2019, (THOUSAND UNITS)
           8.2.1 ASSUMPTIONS
           TABLE 38 ASSUMPTIONS, BY APPLICATION TYPE
    8.3 RESEARCH METHODOLOGY
    8.4 EV COMPONENT AND DRIVETRAIN SYSTEM
           8.4.1 INCREASE IN THE DEMAND FOR ELECTRIC VEHICLES TO BOOST THE MARKET
           TABLE 39 EV COMPONENT AND DRIVETRAIN SYSTEM: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    8.5 EV CHARGING
           8.5.1 INCREASING DEMAND FOR ON-BOARD CHARGER TESTERS AND EVSE ATS TO DRIVE THE TEST EQUIPMENT MARKET FOR EV CHARGING
           TABLE 40 EV CHARGING: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    8.6 POWERTRAIN
           8.6.1 MODERN POWERTRAIN TECHNOLOGIES IN HEVS TO BOOST THE TEST EQUIPMENT MARKET
           TABLE 41 POWERTRAIN: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD THOUSAND)
    8.7 KEY PRIMARY INSIGHTS

9 EV TEST EQUIPMENT MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 97)
    9.1 INTRODUCTION
           FIGURE 35 HEV SEGMENT TO LEAD THE ELECTRIC VEHICLE MARKET DURING THE FORECAST PERIOD
           TABLE 42 MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2026 (USD MILLION)
    9.2 OPERATIONAL DATA
           TABLE 43 SOME OF THE TESTS REQUIRED FOR BEVS AND HEVS
           9.2.1 ASSUMPTIONS
           TABLE 44 ASSUMPTIONS: BY ELECTRIC VEHICLE TYPE
    9.3 RESEARCH METHODOLOGY
    9.4 BATTERY ELECTRIC VEHICLES (BEV)
           9.4.1 RISING DEMAND FOR EMISSION-FREE VEHICLES TO BOOST THE BEV SEGMENT
           TABLE 45 BEV: EV TEST EQUIPMENT MARKET, BY REGION, 2018–2026 (USD MILLION)
    9.5 HYBRID ELECTRIC VEHICLE (HEV)
           9.5.1 HIGH DEMAND FOR THE HEV IN THE ASIA PACIFIC TO DRIVE THE MARKET
           TABLE 46 HEV: MARKET, BY REGION, 2018–2026 (USD MILLION)
    9.6 KEY PRIMARY INSIGHTS

10 EV TEST EQUIPMENT MARKET, BY REGION (Page No. - 102)
     10.1 INTRODUCTION
           FIGURE 36 SIGNIFICANT SUBSIDIES FOR THE ELECTRIFICATION OF VEHICLES TO DRIVE THE MARKET IN CHINA
           TABLE 47 MARKET, BY REGION, 2018–2026 (USD THOUSAND)
     10.2 ASIA PACIFIC
           FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT
           TABLE 48 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2026 (USD THOUSAND)
             10.2.1 CHINA
                        10.2.1.1 Government policies leading to the growth of EV testing equipment in the country
           TABLE 49 CHINA: EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.2.2 INDIA
                        10.2.2.1 Indian government plans to provide charging infrastructure and encourage the adoption of EVs in the country
           TABLE 50 INDIA:MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.2.3 JAPAN
                        10.2.3.1 Technological advancements in Japan to lead to market growth of the EV component and drive train system segment
           TABLE 51 JAPAN: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.2.4 SOUTH KOREA
                        10.2.4.1 OEMs to work with government to build the market for electric vehicles in the country
           TABLE 52 SOUTH KOREA: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
     10.3 EUROPE
           FIGURE 38 EUROPE: EV TEST EQUIPMENT MARKET, BY COUNTRY, 2021- 2026 (USD THOUSAND)
           TABLE 53 EUROPE: MARKET, BY COUNTRY, 2018–2026 (USD THOUSAND)
             10.3.1 FRANCE
                        10.3.1.1 Electrification of public transport in the country expected to boost the demand for EV testing in the future
           TABLE 54 FRANCE: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.3.2 GERMANY
                        10.3.2.1 Major OEMs to increase the use of EV testing equipment for their vehicles
           TABLE 55 GERMANY: EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.3.3 UK
                        10.3.3.1 Developed charging infrastructure and EV battery technology to lead to the growth of the market in the country
           TABLE 56 UK: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.3.4 SPAIN
                        10.3.4.1 Government incentives to promote electric vehicles to boost demand
           TABLE 57 SPAIN: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.3.5 ITALY
                        10.3.5.1 Government offer of subsidies to build charging facilities to boost demand
           TABLE 58 ITALY: EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
     10.4 NORTH AMERICA
           FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
           TABLE 59 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2026 (USD THOUSAND)
             10.4.1 CANADA
                        10.4.1.1 Canada government support for charging infrastructure to boost demand
           TABLE 60 CANADA: EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.4.2 US
                        10.4.2.1 Focus on innovation, technology, and the development of safe and comfortable automobiles to boost demand
           TABLE 61 US: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.4.3 MEXICO
                        10.4.3.1 Government initiatives to increase demand for the market
           TABLE 62 MEXICO: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
     10.5 ROW
           FIGURE 40 ROW: MARKET, BY COUNTRY, 2021 TO 2026 (USD THOUSAND)
           TABLE 63 ROW: EV TEST EQUIPMENT MARKET, BY COUNTRY, 2018–2026 (USD THOUSAND)
             10.5.1 BRAZIL
                        10.5.1.1 Government and OEMs to increase demand for EV testing equipment
           TABLE 64 BRAZIL: MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)
             10.5.2 RUSSIA
                        10.5.2.1 Government policies to encourage growth of the market
           TABLE 65 RUSSIA: EV TEST EQUIPMENT MARKET, BY APPLICATION TYPE, 2018–2026 (USD THOUSAND)

11 COMPETITIVE LANDSCAPE (Page No. - 123)
     11.1 MARKET EVALUATION FRAMEWORK
           FIGURE 41 MARKET EVALUATION FRAMEWORK
     11.2 OVERVIEW
           FIGURE 42 RIGHTS TO WIN - DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
     11.3 MARKET RANKING ANALYSIS FOR EV TEST EQUIPMENT
           FIGURE 43 MARKET RANKING ANALYSIS, 2020
     11.4 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
           FIGURE 44 TOP PUBLIC/LISTED PLAYERS DOMINATING ELECTRIC VEHICLE TEST EQUIPMENTS MARKET IN LAST 5 YEARS
     11.5 COMPETITIVE SCENARIO
             11.5.1 NEW PRODUCT DEVELOPMENTS
           TABLE 66 PRODUCT LAUNCHES, 2018–2020
             11.5.2 DEALS
           TABLE 67 DEALS, 2018–2020
             11.5.3 EXPANSIONS, 2018–2020
           TABLE 68 EXPANSIONS, 2018–2020
     11.6 COMPETITIVE LEADERSHIP MAPPING FOR EV TEST EQUIPMENT MARKET
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE
             11.6.4 PARTICIPANTS
           FIGURE 45 EV TEST EQUIPMENT MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
           TABLE 69 MARKET: COMPANY PRODUCT FOOTPRINT, 2020
           TABLE 70 MARKET: COMPANY APPLICATION FOOTPRINT, 2020
           TABLE 71 MARKET: COMPANY REGION FOOTPRINT, 2020
     11.7 WINNERS VS. TAIL-ENDERS
           TABLE 72 WINNERS VS. TAIL-ENDERS

12 COMPANY PROFILES (Page No. - 138)
(Business overview, Products offered, Recent developments & MnM View)* 
     12.1 KEY PLAYERS
             12.1.1 AVL LIST GMBH
           TABLE 73 AVL: BUSINESS OVERVIEW
           TABLE 74 AVL: PRODUCTS/SERVICES OFFERED
             12.1.2 TUV RHEINLAND
           TABLE 75 TUV RHEINLAND: BUSINESS OVERVIEW
           FIGURE 46 TUV RHEINLAND: COMPANY SNAPSHOT
           TABLE 76 TUV RHEINLAND: PRODUCTS OFFERED
             12.1.3 TEAMTECHNIK GROUP
           TABLE 77 TEAMTECHNIK: BUSINESS OVERVIEW
           TABLE 78 TEAMTECHNIK: PRODUCTS/SERVICES OFFERED
             12.1.4 CHROMA ATE
           TABLE 79 CHROMA ATE: BUSINESS OVERVIEW
           FIGURE 47 CHROMA ATE: COMPANY SNAPSHOT
           TABLE 80 CHROMA ATE: PRODUCTS OFFERED
             12.1.5 HORIBA LTD.
           TABLE 81 HORIBA: BUSINESS OVERVIEW
           FIGURE 48 HORIBA LTD: COMPANY SNAPSHOT
           TABLE 82 HORIBA: PRODUCTS OFFERED
             12.1.6 KUKA AG
           TABLE 83 KUKA AG: BUSINESS OVERVIEW
           FIGURE 49 KUKA AG: COMPANY SNAPSHOT
           TABLE 84 KUKA AG: PRODUCTS/SERVICES OFFERED
             12.1.7 FEV GROUP GMBH
           TABLE 85 FEV GROUP: BUSINESS OVERVIEW
           TABLE 86 FEV GROUP: PRODUCTS/SERVICES OFFERED
             12.1.8 BURKE PORTER GROUP
           TABLE 87 BURKE PORTER: BUSINESS OVERVIEW
           TABLE 88 BURKE PORTER: PRODUCTS/SERVICES OFFERED
             12.1.9 BLUM-NOVOTEST GMBH
           TABLE 89 BLUM-NOVOTEST: BUSINESS OVERVIEW
           TABLE 90 BLUM-NOVOTEST: PRODUCTS/SERVICES OFFERED
             12.1.10 INTERTEK
           TABLE 91 INTERTEK: BUSINESS OVERVIEW
           FIGURE 50 INTERTEK: COMPANY SNAPSHOT
           TABLE 92 INTERTEK: PRODUCTS/SERVICES OFFERED
             12.1.11 ARBIN INSTRUMENTS
           TABLE 93 ARBIN: BUSINESS OVERVIEW
           TABLE 94 ARBIN: PRODUCTS OFFERED
             12.1.12 ZF
           TABLE 95 ZF: BUSINESS OVERVIEW
           FIGURE 51 ZF: COMPANY SNAPSHOT
           TABLE 96 ZF: PRODUCTS OFFERED
             12.1.13 SOFTING AG
           TABLE 97 SOFTING AG: BUSINESS OVERVIEW
           FIGURE 52 SOFTING AG: COMPANY SNAPSHOT
           TABLE 98 SOFTING: PRODUCTS OFFERED
             12.1.14 SGS SA
           TABLE 99 SGS SA: BUSINESS OVERVIEW
           FIGURE 53 SGS SA: COMPANY SNAPSHOT
           TABLE 100 SGS SA: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies. 
     12.2 OTHER KEY PLAYERS
             12.2.1 NORTH AMERICA
                        12.2.1.1 Sierra Instruments
                        12.2.1.2 UL LLC
                        12.2.1.3 TASI group
                        12.2.1.4 Keysight Technologies
                        12.2.1.5 NH Research
                        12.2.1.6 Link Engineering
                        12.2.1.7 National Instruments
             12.2.2 EUROPE
                        12.2.2.1 Vector Informatik
                        12.2.2.2 Dewesoft
                        12.2.2.3 Element Materials Technology
                        12.2.2.4 ATESTEO GmbH
             12.2.3 ASIA PACIFIC
                        12.2.3.1 SINFONIA Technology

13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 177)
     13.1 EV TEST EQUIPMENT MANUFACTURERS NEED TO UNDERTAKE CONTINUOUS ADVANCEMENTS IN ELECTRIC VEHICLES, COMPONENTS, AND BATTERY TECHNOLOGIES
     13.2 INDUSTRIES FROM JAPAN, KOREA, AND INDIA EMERGING AS PROMISING ALTERNATIVE TO CHINA FOR THE SUPPLY OF COMPONENTS
     13.3 CONCLUSION

14 APPENDIX (Page No. - 178)
     14.1 KEY INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

 

The study involved four major activities in estimating the current size of the EV test equipment market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of electric vehicle manufacturers, International Energy Agency (IEA), Federal Transit Administration (FTA), Regional Transportation Authority (RTA), country-level vehicle associations and trade organizations, and the US Department of Transportation (DOT)], test equipment magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global EV test equipment market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Pacific, Europe, North America. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

EV Test Equipment Market   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the size of the EV test equipment market in terms of value
    (USD Million), from 2018 to 2026
  • To define, describe, and forecast the EV test equipment market based on vehicle type, equipment type, electric vehicle type, application type, and region
  • To segment and forecast the market by 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, and EV drivetrain test)
  • To segment and forecast the market by vehicle type (passenger car and commercial vehicle)
  • To segment and forecast the market by electric vehicle type (battery electric vehicle and hybrid electric vehicle)
  • To segment and forecast the market by application type (EV component and drivetrain system, EV charging, and powertrain)
  • To forecast the market size with respect to key regions, namely, Asia Pacific, Europe, North America, and Rest of the World.
  • To provide detailed information regarding the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, prospects, and contribution to the total market
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, and expansions, carried out by key industry participants

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • EV Test Equipment Market, By vehicle type at country level (For countries covered in the report)
  • EV Test Equipment Market, By electric vehicle type at country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the EV Test Equipment Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the EV Test Equipment Market

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Report Code
AT 7857
Published ON
Mar, 2021
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