The Asia Pacific EV Testing Equipment Industry is Expected to Reach $71.2 Billion by 2028 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Asia Pacific EV Testing Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Vehicle Type, Equipment Type, Application, and End Users” report has been added to ResearchAndMarkets.com’s offering.

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.

Market Dynamics

Drivers

• Elevating Production and Sales of EVs
• Growing Support from Governments

Restraints

• Excessive Cost EV Testing Equipment

Opportunities

• Advancing Integration of New Technologies

Future Trends

• Smart Charging and Connected Infrastructure

Companies Mentioned

• Some of the leading companies are:
• National Instruments Corporation
• Horiba Ltd.
• Arbin Instruments
• Maccor Inc.
• KEYSIGHT TECHNOLOGIES, INC.
• Froude, Inc.
• Durr Group
• TUV RHEINLAND
• INTERTEK GROUP PLC
• WONIK PNE CO., LTD
• Toyo system co., ltd
• Dynomerk Controls

For more information about this report visit https://www.researchandmarkets.com/r/exylda

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