Dublin, Feb. 21, 2025 (GLOBE NEWSWIRE) — The “EV Test Equipment – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for EV Test Equipment was valued at US$133.7 Million in 2024 and is projected to reach US$489.7 Million by 2030, growing at a CAGR of 24.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AVL List GmbH, Chroma Ate Inc., Durr Systems AG, Fluke Corporation, Horiba Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
What are the Key Market Drivers for EV Test Equipment?
The rapid growth of the electric vehicle market is the most significant driver for the demand for EV test equipment. As more automakers focus on electrification and the number of electric vehicles on the road increases, the need for comprehensive testing solutions grows. These tests help ensure that EVs meet stringent safety, regulatory, and performance standards, contributing to the development of a safe and reliable EV ecosystem.
Technological innovations in battery and powertrain technologies are also fueling the demand for advanced test equipment. As EVs become more sophisticated with improved battery technology, fast-charging capabilities, and autonomous features, there is an increased need for specialized test equipment that can evaluate these advanced systems. Additionally, the growing importance of simulation-based testing and automated testing solutions is driving the adoption of cutting-edge test equipment, which is faster and more cost-effective than traditional methods.
Government regulations and policies aimed at promoting electric mobility also play a critical role in the market’s growth. As more countries implement stringent emissions standards and offer incentives for EV adoption, automakers are under pressure to meet these standards while developing high-performance vehicles. The need for rigorous testing to ensure compliance with regulatory requirements is creating a continuous demand for EV test equipment. As the EV market continues to expand, manufacturers will rely on increasingly sophisticated testing solutions to meet these regulatory and performance standards, further propelling the growth of the EV test equipment market.
Scope of the Study
The report analyzes the EV Test Equipment market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments:
Propulsion Type (BEVs, PHEVs, HEVs); Vehicle Class (Mid-Priced Vehicles, Luxury Vehicles); Equipment Type (Battery Test Equipment, Electric Powertrain Test Equipment, EV Safety Test Equipment, EV Charging Test Equipment, Other Equipment Types); End-Use (Passenger Cars End-Use, Commercial Vehicles End-Use).
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the BEVs Test Equipment segment, which is expected to reach US$347.6 Million by 2030 with a CAGR of a 24.4%. The PHEVs Test Equipment segment is also set to grow at 26.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $35.1 Million in 2024, and China, forecasted to grow at an impressive 22.9% CAGR to reach $74.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global EV Test Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global EV Test Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global EV Test Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 27 major companies featured in this EV Test Equipment market report include:
- AVL List GmbH
- Chroma Ate Inc.
- Durr Systems AG
- Fluke Corporation
- Horiba Ltd.
- Intertek Group PLC
- Keysight Technologies, Inc.
- PCE Instruments UK Ltd.
- Tektronix Inc.
- TUV Rheinland AG
Key Attributes
| Report Attribute | Details |
| No. of Pages | 191 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $133.7 Million |
| Forecasted Market Value (USD) by 2030 | $489.7 Million |
| Compound Annual Growth Rate | 24.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Economic Frontiers: Trends, Trials & Transformations
- EV Test Equipment – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising EV Production Drives Demand for Advanced Testing Equipment
- Integration of AI in Test Equipment Strengthens Market for Precision Diagnostics
- Focus on Battery Safety Testing Highlights Opportunities in EV Testing Equipment
- Growing Role of High-Voltage Systems Drives Demand for Specialized Test Tools
- Emerging Need for Autonomous Vehicle Testing Expands Market for Smart Test Equipment
- AI-Driven Predictive Analytics Bodes Well for Pre-Production Testing
- Demand for Real-Time Data Insights Propels Growth in Connected Test Equipment
- Emerging Trends in Wireless Charging Propel Growth in Specialized Testing Tools
- Focus on Lightweight Materials Drives Demand for Structural Testing Equipment
- Growing EV Fleet Management Needs Highlight Market for Fleet Testing Tools
For more information about this report visit https://www.researchandmarkets.com/r/ftw2qn
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