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North America EV Testing Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Vehicle Type, Equipment Type, Application, and End Users

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    Report

  • 141 Pages
  • August 2022
  • Region: North America
  • The Insight Partners
  • ID: 5647365
UP TO OFF until Mar 31st 2024
The EV testing equipment market in North America is expected to grow from US$6,113.60 million in 2021 to US$ 19,224.78 million by 2028; it is estimated to grow at a CAGR of 18.7% from 2021 to 2028.

The rising concern regarding the transportation sector's impact on the environment led to an unprecedented requirement of decarbonizing transportation to meet climate goals and limit global warming, thereby increasing the adoption of low carbon technology in the transportation sector. The rising concerns about the adverse impact of transportation-related emissions and the shift of consumer behavior toward zero-emission vehicles have resulted in a significant increase in the adoption of light-duty passenger vehicles across the region, especially in strong economies such as the US. The share of new passenger EVs has risen at an average of nearly 50% per year since 2015. In 2021, the sales of electric vehicles surged by 160%. Additionally, the constantly rising demand for electric vehicles is fueled by huge investments made by automotive giants in the research and development, and production of electric vehicles. For instance, General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi have collectively invested approximately US$ 150 billion in manufacturing electric vehicles and launched new models throughout 2020-2021. Furthermore, with the fall in prices of EVs and the availability of a greater number of models, electric vehicle production is set for exponential growth in various countries, subject to countries’ overall economic growth and policy support from the government. The growing demand for battery-powered and hybrid vehicles drives market expansion. Battery testing, e-drive testing, power electronics test systems, dynamometers, motor testing, and charger testing systems are all types of EV test equipment. Original equipment manufacturers (OEMs) have included numerous battery packs, vehicle electronic components, and improved charging stations in electric vehicles as of 2021, driving the market growth. Advanced testing equipment/platforms for EV charging stations are offered by DEKRA, TUV Rheinland, and Intertek. Apart from the rising production of electric vehicles, autonomous vehicle testing has increased rapidly, likely contributing to market growth.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America EV testing equipment market at a substantial CAGR during the forecast period.

North America EV Testing Equipment Market Segmentation

The North America EV testing equipment market is segmented on the basis of vehicle type, equipment type, application, and country. Based on vehicle type, the market is segmented into passenger car, commercial vehicle, and low speed electric vehicles. In 2021, the passenger car segment held the largest market; and it is expected to register the highest CAGR during the forecast period. Based on equipmenmt type, the North America EV testing 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, and AC/DC EVSE. In 2021, the battery test equipment segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Based on application, the market is segmented into EV component and drivetrain system, EV charging, and powertrain. In 2021, the powertrain segment held the largest market share;. Based on end-users, the market is segmented into OEMs, tier 1 suppliers, research and academics, and others. In 2021, the tier 1 suppliers segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on country, the North America EV testing equipment market is segmented into the US, Canada, and Mexico. In 2021, the US held the largest market share.

National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; Keysight Technologies, Inc.; Froude, Inc.; Comemso electronics GmbH; Durr Group; Tüv Rheinland; Intertek Group Plc.; and Wonik Pne Co., Ltd. are among some of the leading companies in the North America EV testing equipment market.
Frequently Asked Questions about the North American EV Testing Equipment Market

What is the estimated value of the North American EV Testing Equipment Market?

The North American EV Testing Equipment Market was estimated to be valued at $6113.6 Million in 2022.

What is the growth rate of the North American EV Testing Equipment Market?

The growth rate of the North American EV Testing Equipment Market is 18.7%, with an estimated value of $19224.78 Million by 2028.

What is the forecasted size of the North American EV Testing Equipment Market?

The North American EV Testing Equipment Market is estimated to be worth $19224.78 Million by 2028.

Who are the key companies in the North American EV Testing Equipment Market?

Key companies in the North American EV Testing Equipment Market include National Instruments Corporation, Horiba Ltd., Arbin Instruments, Maccor Inc., KEYSIGHT TECHNOLOGIES, INC., Froude, Inc., Comemso electronics GmbH, Durr Group, TÜV RHEINLAND and INTERTEK GROUP PLC.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America EV Test Equipment Market - By Vehicle Type
1.3.2 North America EV Test Equipment Market - By Equipment Type
1.3.3 North America EV Test Equipment Market - By Application
1.3.4 North America EV Test Equipment Market - By End-Users
1.3.5 North America EV Test Equipment Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America EV Test Equipment Market Landscape
4.1 Market Overview
4.3 PEST Analysis
4.4 Ecosystem Analysis
4.5 Expert Opinion
5. North America EV Test Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Production and Sales of EVs
5.1.2 Raising Support from Governments
5.2 Market Restraints
5.2.1 Higher Cost EV Testing Equipment
5.3 Market Opportunities
5.3.1 Higher 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. North America EV Test Equipment Market Analysis
6.1 North America EV Test Equipment Market Overview
6.2 North America EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7. North America EV Test Equipment Market Analysis - By Vehicle Type
7.1 Overview
7.2 North America: EV Test Equipment Market, by Vehicle Type
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. North America EV Test Equipment Market - By Equipment Type
8.1 Overview
8.2 North America EV Test Equipment Market, by Equipment Type
8.3 Battery Test Equipment
8.3.1 Overview
8.3.2 Battery Test Equipment: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Motor Test Equipment
8.4.1 Overview
8.4.2 Motor Test Equipment: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Engine Dynamometer
8.5.1 Overview
8.5.2 Engine Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Chassis Dynamometer
8.6.1 Overview
8.6.2 Chassis Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Transmission Dynamometer
8.7.1 Overview
8.7.2 Transmission Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Fuel Injection Pump Tester
8.8.1 Overview
8.8.2 Fuel Injection Pump Tester: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.9 Inverter Tester
8.9.1 Overview
8.9.2 Inverter Tester: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.10 EV Drivetrain Test
8.10.1 Overview
8.10.2 EV Drivetrain Test: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.11 On-Board Charger
8.11.1 Overview
8.11.2 On-Board Charger: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.12 AC/DC EVSE
8.12.1 Overview
8.12.2 AC/DC EVSE: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9. North America EV Test Equipment Market - By Application
9.1 Overview
9.2 North America EV Test Equipment Market, by Application
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)
9.4 EV charging
9.4.1 Overview
9.4.2 EV charging: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Powertrain
9.5.1 Overview
9.5.2 Powertrain: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10. North America EV Test Equipment Market - By End-Users
10.1 Overview
10.2 North America EV Test Equipment Market, by End Users
10.3 OEMs
10.3.1 Overview
10.3.2 OEMs: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Tier 1 Suppliers
10.4.1 Overview
10.4.2 Tier 1 Suppliers: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Research and Academics
10.5.1 Overview
10.5.2 Research and Academics: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
11. North America EV Test Equipment Market - Country Analysis
11.1 Overview
11.1.1 North America: EV Test Equipment Market, by Key Country
11.1.1.1 US: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: EV Test Equipment Market, by Vehicle Type
11.1.1.1.2 US: EV Test Equipment Market, by Equipment Type
11.1.1.1.3 US: EV Test Equipment Market, by End Users
11.1.1.2 Canada: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: EV Test Equipment Market, by Vehicle Type
11.1.1.2.2 Canada: EV Test Equipment Market, by Equipment Type
11.1.1.2.3 Canada: EV Test Equipment Market, by End Users
11.1.1.3 Mexico: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: EV Test Equipment Market, by Vehicle Type
11.1.1.3.2 Mexico: EV Test Equipment Market, by Equipment Type
11.1.1.3.3 Mexico: EV Test Equipment Market, by Application
11.1.1.3.4 Mexico: EV Test Equipment Market, by End Users
12. North America EV test Equipment Market - Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 National Instruments Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Horiba Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Arbin Instruments
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Maccor Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KEYSIGHT TECHNOLOGIES, INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Froude, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Comemso electronics GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Durr Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TÜV RHEINLAND
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 INTERTEK GROUP PLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 WONIK PNE CO., LTD
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Figures
Figure 1. North America EV Test Equipment Market Segmentation
Figure 2. North America EV Test Equipment Market Segmentation - By Country
Figure 3. North America EV Test Equipment Market Overview
Figure 4. North America EV Test Equipment Market, By Vehicle Type
Figure 5. North America EV Test Equipment Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America EV Test Equipment Market: Impact Analysis of Drivers and Restraints
Figure 9. North America EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America: EV Test Equipment Market Revenue Share, by Vehicle Type (2021 & 2028)
Figure 11. Passenger Car: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Commercial Vehicle: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Low Speed Electric Vehicles: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America EV Test Equipment Market Revenue Share, by Equipment Type (2021 & 2028)
Figure 15. Battery Test Equipment: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Motor Test Equipment: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Engine Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Chassis Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Transmission Dynamometer: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fuel Injection Pump Tester: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Inverter Tester: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. EV Drivetrain Test: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. On-Board Charger: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. AC/DC EVSE: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America EV Test Equipment Market Revenue Share, by Application (2021 & 2028)
Figure 26. EV Component and Drivetrain System: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. EV charging: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Powertrain: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America EV Test Equipment Market Revenue Share, by End Users (2021 & 2028)
Figure 30. OEMs: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Tier 1 Suppliers: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Research and Academics: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Geographic Overview of North America EV Test Equipment Market
Figure 35. North America: EV Test Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 36. US: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
List of Tables
Table 1. North America EV Test Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: EV Test Equipment Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: EV Test Equipment Market, by Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: EV Test Equipment Market, by Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. US: EV Test Equipment Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. US: EV Test Equipment Market, by End Users - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: EV Test Equipment Market, by Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: EV Test Equipment Market, by Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: EV Test Equipment Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: EV Test Equipment Market, by End Users - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: EV Test Equipment Market, by Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: EV Test Equipment Market, by Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: EV Test Equipment Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: EV Test Equipment Market, by End Users - Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation

Companies Mentioned

A selection of companies mentioned in this report includes:

  • National Instruments Corporation
  • Horiba Ltd.
  • Arbin Instruments
  • Maccor Inc.
  • KEYSIGHT TECHNOLOGIES, INC.
  • Froude, Inc.
  • Comemso electronics GmbH
  • Durr Group
  • TÜV RHEINLAND
  • INTERTEK GROUP PLC
  • WONIK PNE CO., LTD.