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Electric Vehicle (EV) Test Equipment Market Share

Report ID: GMI6043
Published Date: Jul 2024
Report Format: PDF

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EV Test Equipment Market Share

Leading companies are intensifying their research and development efforts to create cutting-edge testing technologies. This includes advancements in battery diagnostics, thermal management, and integration with emerging technologies. Such investments aim to stay ahead in the market by offering more precise and efficient solutions, thereby catering to the growing demand for high-performance electric vehicles.

Firms are forming strategic alliances and partnerships with technology providers and research institutions to enhance their testing capabilities. These collaborations focus on leveraging AI, machine learning, and advanced analytics to improve the accuracy and efficiency of testing processes. Such strategies help companies to access innovative technologies and expand their market reach effectively.

Electric Vehicle Test Equipment Market Companies

Major companies operating in the electric vehicle test equipment industry are:

National Instruments Corporation
Intertek Group Plc
Keysight Technologies, Inc.
Tuv Rheinland
Durr Group
AVL
Chroma ATE

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

Electric vehicle test equipment market size was USD 634 million in 2023 and is expected to register 9.8% CAGR from 2024-2032 owing to the increasing adoption of EVs, driving the demand for advanced automotive testing technologies worldwide.

Electric vehicle (EV) test equipment industry from the passenger car segment held over 39% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing emphasis on developing specialized testing equipment for passenger electric vehicles.

Asia Pacific electric vehicle (EV) test equipment industry held 36% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing focus on developing advanced testing equipment tailored to the diverse climates and regulatory standards of the region.

National Instruments Corporation, Intertek Group Plc, Keysight Technologies, Inc., Tuv Rheinland, Durr Group, AVL, and Chroma ATE, are some of the major electric vehicle (EV) test equipment companies worldwide.