In order to reduce crude oil consumption, automobile exhaust emissions and air pollution, governments all over the world have adopted and implemented preferential policies to promote the use of electric vehicles. The growing demand for alternative fuel vehicles is driving the growth of the electric vehicle market, and the growing demand for electric vehicles will also drive the growth of the electric vehicle testing equipment and related parts market.

 According to the in-depth research report on the global and Chinese electric vehicle testing equipment (solutions) industry in 2021 released by xinsijie Industrial Research Center, the global electric vehicle testing equipment market will grow from US $48 million in 2021 to US $116 million in 2026, with a CAGR of 19.3%.

Due to the increasing attention to the development of innovative battery technology, the high requirements for vehicle electronic functions and characteristics and strict emission standards, the demand for solutions such as electric vehicle test equipment and software is rising.

The Asia Pacific Region is Expected to Become the Largest Regional Market

In the forecast period, the Asia Pacific region may be the largest market for electric vehicle test equipment. The reason is that the demand for electric vehicle testing equipment has increased due to the rapid growth of electric vehicle market in Asia Pacific countries and regions such as China and Japan. Due to the rapid growth of electric vehicle sales in the region, especially in China, the demand for electric vehicle test equipment has also increased. The high attention paid to electric vehicles, coupled with the increasing attention paid by the government to the adoption of electric vehicles, is expected to promote the growth of the market in the region.

In the Forecast Period, Europe is Expected to Become the Second Largest Regional Market

Europe has implemented strict emission regulations to cope with rising emission levels, and some European countries have promoted the development of electric vehicles by providing major incentives. Due to the increasing use of low emission vehicles in Europe, the demand for electric vehicle testing equipment is also increasing rapidly. Europe has set a goal of reducing carbon dioxide emissions by 80% by 2050 and has developed a road map for this purpose. European governments are subsidizing electric vehicle infrastructure. In the long run, the focus is expected to be on electric vehicles, which will lead to the rapid growth of the electric vehicle testing equipment market in the region.

The Mixed Segment is Expected to Become the Largest Segment In the Forecast

The HEV segment is expected to lead the EV segment of the EV test equipment market during the forecast period. By 2021, due to the scarcity of charging stations and the high cost of BEV, hybrid vehicles will undoubtedly be the most feasible and feasible option, especially in cost sensitive countries in the Asia Pacific region. Various test equipment suppliers provide Bev with test systems, such as electric vehicle shafts, electric drives and battery test systems.