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Asia Pacific EV Testing Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Vehicle Type, Equipment Type, Application, and End Users

Asia Pacific EV Testing Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Vehicle Type, Equipment Type, Application, and End Users

  • August 2022
  • 158 pages
  • ID: 6316692
  • Format: PDF
  • The Insight Partners

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The EV testing equipment market in Asia Pacific is expected to grow from US$19,691.70 million in 2021 to US$ 71,202.88 million by 2028; it is estimated to grow at a CAGR of 21.1% from 2021 to 2028

Innovative charging station technologies such as turbocharging, 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 ROLEC, DEKRA, and TUV Rheinland.Smart charging is one of the most advanced charging systems.

Smart charging allows 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.

Furthermore, peak shaving prevents unnecessary costs by lowering or interrupting a charging session if the power consumption exceeds a certain threshold. Validation through testing equipment is essential to assure the proper operation of such sophisticated charging systems. As a result, rising R&D in charging stations will likely boost demand for EV test equipment.

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

Asia Pacific EV Testing Equipment Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific EV Testing Equipment Market Segmentation

The Asia Pacific 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 Asia Pacific 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 Asia Pacific EV testing equipment market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2021, China held the largest market share; and Japan is expected to grow at the fastest CAGR during the forecast period.

National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; Keysight Technologies, Inc.; Froude, Inc.; Dynomerk Controls; Durr Group; Tüv Rheinland; Intertek Group Plc.; Toyo system co., ltd.; and Wonik Pne Co., Ltd. are among some of the leading companies in the Asia Pacific EV testing equipment market.

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