EV Test Equipment Market Size, Share, Growth, Trends - 2028
The EV test equipment market is expected to grow from US$ 35,072.54 million in 2021 to US$ 118,671.47 million by 2028; it is estimated to grow at a CAGR of 20.0% from 2022 to 2028.
EV test equipment is used to inspect various EV components such as batteries, motors, and other components to keep automotive parts ahead of the competition, provide guaranteed performance, and ensure customer safety and satisfaction. The test equipment is used in electric vehicles to assess the total vehicle performance, EV battery and charger testing, power electronics testing, and motor and dynamometer testing. Motor testing equipment is used to verify torque or electric signal and the high speed of an electric car, using sensors, voltage probes, and other software.
Electric car sales have been boosted by increased demand for alternative fuel vehicles and connected mobility. To minimize automotive emissions and pollution, several governments have adopted rules that encourage the use of electric vehicles. The EV test equipment market is predicted to develop due to the rising demand for EVs. Moreover, higher voltages allow for faster charging, resulting in the adoption of high-performance batteries, drivetrains, and chargers. As a result, the demand for EV test equipment and software is driven by technological advancements in new battery technologies, increasing demand for electronic functions and features in a vehicle, and stringent emission rules.
According to EV-Volumes.com, 2020 was an excellent year for PHEVs, with global BEV and PHEV sales reaching 3.2 million units. Europe registered 1.4 million electric vehicles in 2020, up 137% from 2019, even after the emergence of the COVID-19 pandemic. This increase was remarkably large for a market that was down by 20% year over year. Furthermore, Europe outperformed China in the EV market for the first time since 2015. Furthermore, many businesses are resuming public transportation services, requiring the implementation of numerous safety measures and standards.
The emergence of new software solutions, such as cloud-based digital solutions for real-time fleet management and acceleration in electrification, is shaping the global EV test equipment market. For instance, the charging management software offered by EVBox enables users to track, manage, and optimize their EV driving experience. Hence to monitor this, AI integrated efficient testing solutions will be in major demand over the forecast period.
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EV Test Equipment Market: Strategic Insights
Market Size Value in US$ 35,072.54 million in 2021 Market Size Value by US$ 118,671.47 million by 2028 Growth rate CAGR of 20.0% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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EV Test Equipment Market: Strategic Insights
| Market Size Value in | US$ 35,072.54 million in 2021 |
| Market Size Value by | US$ 118,671.47 million by 2028 |
| Growth rate | CAGR of 20.0% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe EV Test Equipment Market
The COVID-19 outbreak and the path to recovery have had various impacts on the road networks. There was an increase in the purchase of EV test equipment across Europe in 2020. For instance, Germany, France, and Italy registered 55% higher electric car sales in Europe during the first half of 2020 than in 2019. The growth of the EV test equipment market in Europe is due to the rising need for manufacturers to comply with stricter European Union CO2 standards for new passenger cars and vans from January 2020. Germany–based VDE Institute specializes in science, standardization, product testing, certification, and application consulting. In 2019, The VDE Institute was appointed as a category A, B, and D technical service by the Federal Motor Vehicle Transport Authority, which enables it to perform tests on electric vehicles based on the Highway Traffic Act, the Vehicle Parts Act, and regulations according to the Agreement of the Economic Commission for a United Nations of Europe (ECE regulations). Testing and certification carried out by the VDE Institute ensure trouble-free mobility and data security in the overall system, which includes the charging infrastructure, charging stations, and wall boxes during a product’s early development phase for final approval (validation) tests. The presence of a large EV market, institutions with decades of experience in testing electrical safety, and growing requirements to test the electronic components integrated into the vehicle is propelling the growth of the EV test equipment market in Europe.
EV Test Equipment Market Insights
Innovative charging station technologies such as turbo charging, terra HP charging, smart charging systems, wireless power transmission, and bi-directional chargers are being developed by EV charging station firms. Such advancements in electric vehicle charging systems necessitate improved testing techniques. Testing systems for EV charging stations are available from companies including ROLEC, DEKRA, and TUV Rheinland. Smart charging is one of the most advanced charging systems. Smart charging allows for load balancing and proportional distribution of available power capacity across all active charging stations. It also facilitates the collection of critical charging data from various stations using a single cloud-based management platform.
Vehicle Type-Based Market Insights
Based on vehicle type, the EV test equipment market is segmented intopassenger car, commercial vehicle, and low speed electric vehicles. In 2021, the passenger car segment accounted for the largest EV test equipment market share.
Equipment Type-Based Market Insights
Based on equipment type, the EV test equipment market is segmented into battery test equipment, motor test equipment, engine dynamometer, chassis dynamometer, transmission dynamometer, fuel injection pump tester, inverter tester, EV drivetrain test, on-board charger, AC/DC EVSE. In 2021, the battery test equipment segment accounted for the largest EV test equipment market share.
Application-Based Market Insights
Based on application, the EV test equipment market is segmented into EV Component and Drivetrain systems, EV charging, and Powertrain. In 2021, the powertrain segment accounted for the largest EV test equipment market share.
End-Users -Based Market Insights
Based on end-users, the EV test equipment market is segmented into OEMs, Tier 1 Suppliers, Research and Academics, Others. In 2021, the tier 1 suppliers segment accounted for the largest EV test equipment market share.
Market players adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the EV test equipment market forecast. A few developments by major players in the EV test equipment market report are listed below:
- NI's Engineering Innovation Centre (EIC) launch in Bangalore was announced in March 2022. The engineering facility will help NI's clients, partners, and startup firms serving the local aerospace and military sector. The EIC will also be utilized to teach the next generation of engineers in the aerospace & military industries about system understanding.
- In 2021, Keysight Technologies, Inc. and Proventia Oy teamed up to develop battery test solutions for electric vehicles (EVs). The partnership between Keysight and Proventia results in a location-independent, safe test facility that can be implemented quickly.
EV Test Equipment Market Report Scope
Company Profiles
- National Instruments Corporation
- Horiba Ltd
- Arbin Instruments
- Maccor Inc
- KEYSIGHT TECHNOLOGIES, INC
- Froude, Inc
- Dynomerk Controls
- Comemso electronics GmbH
- Durr Group
- TÜV RHEINLAND
- INTERTEK GROUP PLC
- TOYO SYSTEM CO., LTD
- WONIK PNE CO., LTD
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Vehicle Type, Equipment Type, Application, and End-Users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Surge in global production and sales of EVs and support from governments are driving the growth of the EV test equipment market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including the EV test equipment market. Further, integration of new technologies is presenting significant potential for the future growth of the EV test equipment market players.
In 2021, APAC led the market with a substantial revenue share, followed by Europe and North America. APAC is a prospective market for EV test equipment manufacturers.
Based on vehicle type, the EV test equipment market is segmented into passenger car, commercial vehicle, and low speed electric vehicles. In 2021, the passenger car segment led the EV test equipment market, accounting for the largest share in the market.
The major five companies in the EV test equipment market include National Instruments Corporation; KUKA AG; KEYSIGHT TECHNOLOGIES, INC.; teamtechnik Group; and TOYO SYSTEM CO., LTD.
Based on application, the EV test equipment market is segmented into EV component and drivetrain system, EV charging, and powertrain. In 2021, the powertrain segment led the EV test equipment market, accounting for the largest share in the market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.2 EV Test Equipment Market – By Vehicle Type
1.3.3 EV Test Equipment Market – By Equipment Type
1.3.4 EV Test Equipment Market – By Application
1.3.5 EV Test Equipment Market – By End-Users
1.3.6 EV Test Equipment Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EV Test Equipment Market Landscape
4.1 Market Overview
4.3 PEST Analysis
4.3.1 North America
4.3.2 Europe
4.3.3 Asia Pacific
4.3.4 MEA
4.3.5 SAM
4.4 Ecosystem Analysis
4.5 Expert Opinion
5. EV Test Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Global Production and Sales of EVs
5.1.2 Support from Governments
5.2 Market Restraints
5.2.1 Costly EV Testing Equipment
5.3 Market Opportunities
5.3.1 Integration of New Technologies
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. EV Test Equipment Market –Regional Analysis
6.1 EV Test Equipment Market Global Overview
6.2 EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
6.3.1 Market Positioning – Five Key Players
7. EV Test Equipment Market Analysis – By Vehicle Type
7.1 Overview
7.2 EV Test Equipment Market, By Vehicle Type (2021 and 2028)
7.3 Passenger Car
7.3.1 Overview
7.3.2 Passenger Car: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Commercial Vehicle
7.4.1 Overview
7.4.2 Commercial Vehicle: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Low Speed Electric Vehicles
7.5.1 Overview
7.5.2 Low Speed Electric Vehicles: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8. EV Test Equipment Market – By Equipment Type
8.1 Overview
8.2 EV Test Equipment Market, By Equipment Type (2021 and 2028)
8.4 Battery Test Equipment
8.4.1 Overview
8.4.2 Battery Test Equipment: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Motor Test Equipment
8.5.1 Overview
8.5.2 Motor Test Equipment: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Engine Dynamometer
8.6.1 Overview
8.6.2 Engine Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Chassis Dynamometer
8.7.1 Overview
8.7.2 Chassis Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Transmission Dynamometer
8.8.1 Overview
8.8.2 Transmission Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Fuel Injection Pump Tester
8.9.1 Overview
8.9.2 Fuel Injection Pump Tester: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.10 Inverter Tester
8.10.1 Overview
8.10.2 Inverter Tester: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.11 EV Drivetrain Test
8.11.1 Overview
8.11.2 EV Drivetrain Test: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.12 On-Board Charger
8.12.1 Overview
8.12.2 On-Board Charger: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.13 AC/DC EVSE
8.13.1 Overview
8.13.2 AC/DC EVSE: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. EV Test Equipment Market – By Application
9.1 Overview
9.2 EV Test Equipment Market, By Application (2021 and 2028)
9.3 EV Component and Drivetrain System
9.3.1 Overview
9.3.2 EV Component and Drivetrain System: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5 EV charging
9.5.1 Overview
9.5.2 EV charging: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Powertrain
9.6.1 Overview
9.6.2 Powertrain: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10. EV Test Equipment Market – By End-Users
10.1 Overview
10.2 EV Test Equipment Market, By End-Users (2021 and 2028)
10.4 OEMs
10.4.1 Overview
10.4.2 OEMs: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Tier 1 Suppliers
10.6.1 Overview
10.6.2 Tier 1 Suppliers: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Research and Academics
10.8.1 Overview
10.8.2 Research and Academics: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11. EV Test Equipment Market – Geographic Analysis
11.1 Overview
11.2 North America: EV Test Equipment Market
11.2.1 North America: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: EV Test Equipment Market, by Vehicle Type
11.2.3 North America: EV Test Equipment Market, by Equipment Type
11.2.4 North America: EV Test Equipment Market, by Application
11.2.5 North America: EV Test Equipment Market, by End Users
11.2.6 North America: EV Test Equipment Market, by Key Country
11.2.7.1 US: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.2.7.1.1 US: EV Test Equipment Market, by Vehicle Type
11.2.7.1.2 US: EV Test Equipment Market, by Equipment Type
11.2.7.1.3 US: EV Test Equipment Market, by End Users
11.2.7.2 Canada: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.2.7.2.1 Canada: EV Test Equipment Market, by Vehicle Type
11.2.7.2.2 Canada: EV Test Equipment Market, by Equipment Type
11.2.7.2.3 Canada: EV Test Equipment Market, by End Users
11.2.7.3 Mexico: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.2.7.3.1 Mexico: EV Test Equipment Market, by Vehicle Type
11.2.7.3.2 Mexico: EV Test Equipment Market, by Equipment Type
11.2.7.3.3 Mexico: EV Test Equipment Market, by Application
11.2.7.3.4 Mexico: EV Test Equipment Market, by End Users
11.3 Europe: EV Test Equipment Market
11.3.1 Europe: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: EV Test Equipment Market, by Vehicle Type
11.3.3 Europe: EV Test Equipment Market, by Equipment Type
11.3.4 Europe: EV Test Equipment Market, by Application
11.3.5 Europe: EV Test Equipment Market, by End Users
11.3.6 Europe: EV Test Equipment Market, by Key Country
11.3.7.1 Germany: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.1.1 Germany: EV Test Equipment Market, by Vehicle Type
11.3.7.1.2 Germany: EV Test Equipment Market, by Equipment Type
11.3.7.1.3 Germany: EV Test Equipment Market, by Application
11.3.7.1.4 Germany: EV Test Equipment Market, by End Users
11.3.7.2 France: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.2.1 France: EV Test Equipment Market, by Vehicle Type
11.3.7.2.2 France: EV Test Equipment Market, by Equipment Type
11.3.7.2.3 France: EV Test Equipment Market, by Application
11.3.7.2.4 France: EV Test Equipment Market, by End Users
11.3.7.3 Italy: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.3.1 Italy: EV Test Equipment Market, by Vehicle Type
11.3.7.3.2 Italy: EV Test Equipment Market, by Equipment Type
11.3.7.3.3 Italy: EV Test Equipment Market, by Application
11.3.7.3.4 Italy: EV Test Equipment Market, by End Users
11.3.7.4 UK: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.7.4.1 UK: EV Test Equipment Market, by Vehicle Type
11.3.7.4.2 UK: EV Test Equipment Market, by Equipment Type
11.3.7.4.3 UK: EV Test Equipment Market, by Application
11.3.7.4.4 UK: EV Test Equipment Market, by End Users
11.3.8.1 Russia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.8.1.1 Russia: EV Test Equipment Market, by Vehicle Type
11.3.8.1.2 Russia: EV Test Equipment Market, by Equipment Type
11.3.8.1.3 Russia: EV Test Equipment Market, by Application
11.3.8.1.4 Russia: EV Test Equipment Market, by End Users
11.3.8.2 Rest of Europe: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.3.8.2.1 Rest of Europe: EV Test Equipment Market, by Vehicle Type
11.3.8.2.2 Rest of Europe: EV Test Equipment Market, by Equipment Type
11.3.8.2.3 Rest of Europe: EV Test Equipment Market, by Application
11.3.8.2.4 Rest of Europe: EV Test Equipment Market, by End Users
11.4 APAC: EV Test Equipment Market
11.4.1 APAC: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: EV Test Equipment Market, by Vehicle Type
11.4.3 APAC: EV Test Equipment Market, by Equipment Type
11.4.4 APAC: EV Test Equipment Market, by Application
11.4.5 APAC: EV Test Equipment Market, by End Users
11.4.6 APAC: EV Test Equipment Market, by Key Country
11.4.6.1 Australia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: EV Test Equipment Market, by Equipment Type
11.4.6.1.2 Australia: EV Test Equipment Market, by Application
11.4.6.1.3 Australia: EV Test Equipment Market, by End Users
11.4.6.2 China: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: EV Test Equipment Market, by Vehicle Type
11.4.6.2.2 China: EV Test Equipment Market, by Equipment Type
11.4.6.2.3 China: EV Test Equipment Market, by Application
11.4.6.2.4 China: EV Test Equipment Market, by End Users
11.4.7.1 India: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.7.1.1 India: EV Test Equipment Market, by Vehicle Type
11.4.7.1.2 India: EV Test Equipment Market, by Equipment Type
11.4.7.1.3 India: EV Test Equipment Market, by Application
11.4.7.1.4 India: EV Test Equipment Market, by End Users
11.4.7.2 Japan: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.7.2.1 Japan: EV Test Equipment Market, by Vehicle Type
11.4.7.2.2 Japan: EV Test Equipment Market, by Equipment Type
11.4.7.2.3 Japan: EV Test Equipment Market, by Application
11.4.7.2.4 Japan: EV Test Equipment Market, by End Users
11.4.7.3 South Korea: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.7.3.1 South Korea: EV Test Equipment Market, by Vehicle Type
11.4.7.3.2 South Korea: EV Test Equipment Market, by Equipment Type
11.4.7.3.3 South Korea: EV Test Equipment Market, by Application
11.4.7.3.4 South Korea: EV Test Equipment Market, by End Users
11.4.7.4 Rest of APAC: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.4.7.4.1 Rest of APAC: EV Test Equipment Market, by Vehicle Type
11.4.7.4.2 Rest of APAC: EV Test Equipment Market, by Equipment Type
11.4.7.4.3 Rest of APAC: EV Test Equipment Market, by Application
11.4.7.4.4 Rest of APAC: EV Test Equipment Market, by End Users
11.5 MEA: EV Test Equipment Market
11.5.1 MEA: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: EV Test Equipment Market, by Vehicle Type
11.5.3 MEA: EV Test Equipment Market, by Equipment Type
11.5.4 MEA: EV Test Equipment Market, by Application
11.5.5 MEA: EV Test Equipment Market, by End Users
11.5.6 MEA: EV Test Equipment Market, by Key Country
11.5.7.1 South Africa: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.1.1 South Africa: EV Test Equipment Market, by Vehicle Type
11.5.7.1.2 South Africa: EV Test Equipment Market, by Equipment Type
11.5.7.1.3 South Africa: EV Test Equipment Market, by Application
11.5.7.1.4 South Africa: EV Test Equipment Market, by End Users
11.5.7.2 Saudi Arabia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.2.1 Saudi Arabia: EV Test Equipment Market, by Vehicle Type
11.5.7.2.2 Saudi Arabia: EV Test Equipment Market, by Equipment Type
11.5.7.2.3 Saudi Arabia: EV Test Equipment Market, by Application
11.5.7.2.4 Saudi Arabia: EV Test Equipment Market, by End Users
11.5.7.3 UAE: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.3.1 UAE: EV Test Equipment Market, by Vehicle Type
11.5.7.3.2 UAE: EV Test Equipment Market, by Equipment Type
11.5.7.3.3 UAE: EV Test Equipment Market, by Application
11.5.7.3.4 UAE: EV Test Equipment Market, by End Users
11.5.7.4 Rest of MEA: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.5.7.4.1 Rest of MEA: EV Test Equipment Market, by Vehicle Type
11.5.7.4.2 Rest of MEA: EV Test Equipment Market, by Equipment Type
11.5.7.4.3 Rest of MEA: EV Test Equipment Market, by Application
11.5.7.4.4 Rest of MEA: EV Test Equipment Market, by End Users
11.6 SAM: EV Test Equipment Market
11.6.1 SAM: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: EV Test Equipment Market, by Vehicle Type
11.6.3 SAM: EV Test Equipment Market, by Equipment Type
11.6.4 SAM: EV Test Equipment Market, by Application
11.6.5 SAM: EV Test Equipment Market, by End Users
11.6.6 SAM: EV Test Equipment Market, by Key Country
11.6.6.1 Brazil: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: EV Test Equipment Market, by Vehicle Type
11.6.6.1.2 Brazil: EV Test Equipment Market, by Equipment Type
11.6.6.1.3 Brazil: EV Test Equipment Market, by Application
11.6.6.1.4 Brazil: EV Test Equipment Market, by End Users
11.6.7.1 Argentina: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.6.7.1.1 Argentina: EV Test Equipment Market, by Vehicle Type
11.6.7.1.2 Argentina: EV Test Equipment Market, by Equipment Type
11.6.7.1.3 Argentina: EV Test Equipment Market, by Application
11.6.7.1.4 Argentina: EV Test Equipment Market, by End Users
11.6.7.2 Rest of SAM: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
11.6.7.2.1 Rest of SAM: EV Test Equipment Market, by Vehicle Type
11.6.7.2.2 Rest of SAM: EV Test Equipment Market, by Equipment Type
11.6.7.2.3 Rest of SAM: EV Test Equipment Market, by Application
11.6.7.2.4 Rest of SAM: EV Test Equipment Market, by End Users
12. EV Test Equipment Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of Covid-19 Pandemic
12.3 Europe: Impact Assessment of Covid-19 Pandemic
12.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
12.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
12.6 South America: Impact Assessment of Covid-19 Pandemic
13. EV Test Equipment Market- Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Development
14. Company Profiles
14.1 National Instruments Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Horiba Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Arbin Instruments
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Maccor Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 KEYSIGHT TECHNOLOGIES, INC.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Froude, Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Dynomerk Controls
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Comemso electronics GmbH
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Durr Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 TÜV RHEINLAND
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 INTERTEK GROUP PLC
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 TOYO SYSTEM CO., LTD
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 WONIK PNE CO., LTD
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: EV Test Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: EV Test Equipment Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 24. Europe: EV Test Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Germany: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. France: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. Italy: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. UK: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Russia: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Europe: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 53. APAC: EV Test Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. Australia: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. China: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. India: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. Japan: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. South Korea: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. Rest of APAC: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 82. MEA: EV Test Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 86. South Africa: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 90. Saudi Arabia: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 94. UAE: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 98. Rest of MEA: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 103. SAM: EV Test Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 107. Brazil: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 111. Argentina: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: EV Test Equipment Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: EV Test Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: EV Test Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 115. Rest of SAM: EV Test Equipment Market, by End Users – Revenue and Forecast to 2028 (US$ Million)
Table 116. List of Abbreviation
LIST OF FIGURES
Figure 1. EV Test Equipment Market Segmentation
Figure 2. EV Test Equipment Market Segmentation – By Geography
Figure 3. EV Test Equipment Market Overview
Figure 4. EV Test Equipment Market, By Vehicle Type
Figure 5. EV Test Equipment Market, By Equipment Type
Figure 6. EV Test Equipment Market, By Application
Figure 7. EV Test Equipment Market, By End-Users
Figure 8. EV Test Equipment Market, By Geography
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Expert Opinion
Figure 15. EV Test Equipment Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of EV Test Equipment Market
Figure 17. EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. EV Test Equipment Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 19. Passenger Car: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial Vehicle: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Low Speed Electric Vehicles: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. EV Test Equipment Market Revenue Share, By Equipment Type (2021 and 2028)
Figure 23. Battery Test Equipment: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Motor Test Equipment: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Engine Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Chassis Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Transmission Dynamometer: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Fuel Injection Pump Tester: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Inverter Tester: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. EV Drivetrain Test: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. On-Board Charger: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. AC/DC EVSE: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. EV Test Equipment Market Revenue Share, By Application (2021 and 2028)
Figure 34. EV Component and Drivetrain System: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. EV charging: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Powertrain: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. EV Test Equipment Market Revenue Share, By End-Users (2021 and 2028)
Figure 38. OEMs: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Tier 1 Suppliers: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Research and Academics: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Others: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Global EV Test Equipment Market Revenue Share, By Region (2021 & 2028)
Figure 43. North America: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. North America: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 45. North America: EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 46. North America: EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 47. North America: EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 48. North America: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 49. US: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Canada: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Mexico: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Europe: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Europe: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 54. Europe: EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 55. Europe: EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 56. Europe: EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 57. Europe: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 58. Germany: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. France: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Italy: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. UK: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Russia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of Europe: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. APAC: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. APAC: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 66. APAC: EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 67. APAC: EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 68. APAC: EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 69. APAC: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 70. Australia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. China: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. India: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Japan: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. South Korea: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of APAC: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. MEA: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. MEA: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 78. MEA: EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 79. MEA: EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 80. MEA: EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 81. MEA: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 82. South Africa: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Saudi Arabia: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. UAE: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Rest of MEA: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 86. SAM: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 87. SAM: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 88. SAM: EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 89. SAM: EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 90. SAM: EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 91. SAM: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 92. Brazil: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 93. Argentina: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 94. Rest of SAM: EV Test Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 95. Impact of Covid-19 Pandemic in North American Country Markets
Figure 96. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 97. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 98. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 99. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - EV Test Equipment Market
- National Instruments Corporation
- Horiba Ltd.
- Arbin Instruments
- Maccor Inc.
- KEYSIGHT TECHNOLOGIES, INC.
- Froude, Inc
- Dynomerk Controls
- Comemso electronics GmbH
- Durr Group
- TÜV RHEINLAND
- INTERTEK GROUP PLC
- TOYO SYSTEM CO., LTD
- WONIK PNE CO., LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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