The EV testing equipment market in Middle East & Africa is expected to grow from US$926.05 million in 2021 to US$ 1,958.08 million by 2028. It is estimated to grow at a CAGR of 12.2% from 2021 to 2028.
The region has adopted numerous regulations that drive the EV test equipment market in the region. These regulations include CO2 emissions performance standards for cars and vans, alternative fuels infrastructure directive, and the energy performance of buildings directive, creating huge investment grounds for major EV test equipment players in the market. The government and private players are contributing heavily to the infrastructure building activities for the smooth functioning of electronic vehicles across the region. Such factors are likely to contribute to the growth of the EV testing equipment market. Furthermore, according to the International Energy Association (IEA), governments worldwide spent US$ 14,000 million on direct purchase incentives and tax exemptions for electric vehicles in 2020. Furthermore, several governments responded to the economic slowdown brought by the COVID-19 epidemic with incentive programs and tax concessions that helped boost electric vehicle sales. For example, in India, GST and chargers on these vehicles decreased to 5% from 12% and 18%. The electric vehicle test equipment market is growing due to the aforementioned factors.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa EV testing equipment market at a substantial CAGR during the forecast period.
National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; Keysight Technologies, Inc.; Froude, Inc.; Durr Group; Tüv Rheinland; Intertek Group Plc.; and Wonik Pne Co., Ltd. are among some of the leading companies in the Middle East & Africa EV testing equipment market.
The region has adopted numerous regulations that drive the EV test equipment market in the region. These regulations include CO2 emissions performance standards for cars and vans, alternative fuels infrastructure directive, and the energy performance of buildings directive, creating huge investment grounds for major EV test equipment players in the market. The government and private players are contributing heavily to the infrastructure building activities for the smooth functioning of electronic vehicles across the region. Such factors are likely to contribute to the growth of the EV testing equipment market. Furthermore, according to the International Energy Association (IEA), governments worldwide spent US$ 14,000 million on direct purchase incentives and tax exemptions for electric vehicles in 2020. Furthermore, several governments responded to the economic slowdown brought by the COVID-19 epidemic with incentive programs and tax concessions that helped boost electric vehicle sales. For example, in India, GST and chargers on these vehicles decreased to 5% from 12% and 18%. The electric vehicle test equipment market is growing due to the aforementioned factors.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa EV testing equipment market at a substantial CAGR during the forecast period.
Middle East & Africa EV Testing Equipment Market Segmentation
The Middle East & Africa EV testing equipment 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 Middle East & Africa 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 Middle East & Africa EV testing equipment market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. In 2021, South Africa held the largest market share.National Instruments Corporation; Horiba Ltd.; Arbin Instruments; Maccor Inc.; Keysight Technologies, Inc.; Froude, Inc.; Durr Group; Tüv Rheinland; Intertek Group Plc.; and Wonik Pne Co., Ltd. are among some of the leading companies in the Middle East & Africa EV testing equipment market.
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East & Africa EV Test Equipment Market Landscape
5. Middle East & Africa EV Test Equipment Market - Key Market Dynamics
6. Middle East & Africa EV Test Equipment Market Analysis
7. Middle East & Africa EV Test Equipment Market Analysis - By Vehicle Type
8. Middle East & Africa EV Test Equipment Market - By Equipment Type
9. Middle East & Africa EV Test Equipment Market - By Application
10. Middle East & Africa EV Test Equipment Market - By End-Users
11. Middle East & Africa EV Test Equipment Market - Country Analysis
12. Middle East & Africa EV test Equipment Market - Industry Landscape
13. Company Profiles
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- National Instruments Corporation
- Horiba Ltd.
- Arbin Instruments
- Maccor Inc.
- KEYSIGHT TECHNOLOGIES, INC.
- Froude, Inc.
- Durr Group
- TÜV RHEINLAND
- INTERTEK GROUP PLC
- WONIK PNE CO., LTD
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 926.05 Million |
| Forecasted Market Value ( USD | $ 1958.08 Million |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 10 |
