The global electric vehicle (EV) test equipment market is anticipated to grow at an exponential CAGR of 22.3% during the forecast period. One of the core factors that is contributing to the exponential growth of the market during the forecast period is the increasing participation and activeness of market players in EV test equipment. In recent times, with the growing demand for EVs, the demand also grew for testing equipment. Such growth has inspired the market players to participate in the market by launching new products and being active in the changing market.
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This has increased the competition among the companies which is benefitting the market. In the past few years, there have been multiple activities performed, for instance, In September 2020, Arbin patented the 3E (three-electrode) coincell design which was licensed, and developed by General Motors. It offers an easy-to-use, affordable three-electrode cell holder that permits long-term cycling and offers consistent results between samples that expedites battery material research for EV applications. Moreover, in July 2020, Chroma ATE launched Chroma 8610, a new Battery Pack integrated testbed, designed to develop applications for the battery pack and its related parts. It was integrated with a DC power supply, battery charger/discharge system, digital meter, and Hi-Pot equipment.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Vehicle Type
o By Propulsion Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including AVL group, Chroma ATE Inc., HORIBA, Ltd., teamtechnik Maschinen und Anlagen GmbH, TÜV Rheinland Group, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electric Vehicle (EV) Test Equipment Market Report Segment
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Propulsion Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Application
- EV Component and Drivetrain System
- EV Charging
- Powertrain
Global Electric Vehicle (EV) Test Equipment Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
full report of The Increasing Participation of Market Players is Contributing to the Growth of the Global Electric Vehicle (EV) Test Equipment Market available @ https://www.omrglobal.com/industry-reports/electric-vehicle-ev-test-equipment-market
