The 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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
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
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Electric Vehicle (EV) Test Equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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