Europe EV Powertrain Testing Services Market, By Vehicle Type, By Propulsion, By Sourcing, By Country, Competition, Forecast & Opportunities, 2016- 2030

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Europe EV Powertrain Testing Services Market, By Vehicle Type (Light Duty, Medium Duty, Heavy Duty), By Propulsion (BEV, HEV, PHEV & FCEV), By Sourcing (Outsourcing, In-House), By Country, Competition, Forecast & Opportunities, 2016- 2030

New York, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe EV Powertrain Testing Services Market, By Vehicle Type, By Propulsion, By Sourcing, By Country, Competition, Forecast & Opportunities, 2016- 2030" - https://www.reportlinker.com/p06223774/?utm_source=GNW

Europe EV powertrain testing services market was valued at USD5,605.88 million in 2020, and it is anticipated to grow with a CAGR of 22.02% to reach USD37,904.30 million in 2030. Rapid production and sales of electric vehicles, stringent vehicle emission norms and regulations, and the incentives offered by the government on purchase and manufacturing of electric vehicles are the major drivers influencing the demand for the European EV powertrain testing services market across the region in the forecast period.
Automobile manufacturers are making high-end investments in research and development activities to find innovative solutions to increase vehicle performance and reduce the chances of error and road accidents and mishappening to enhance the safety of the passengers while riding automobiles.Declining battery prices used in electric vehicles, lucrative incentives provided by the leading authorities, and rising concerns about the effect of carbon emissions on the environment are proliferating the sales of electric vehicles in the region.

Ongoing technological advancements and the use of emerging technologies such as artificial intelligence and cloud-based simulations to fuel the efficiency of powertrain and perform with higher efficiency is expected to create lucrative opportunities for the European EV powertrain testing services market growth.Growing fuel prices and the introduction of digital EV powertrain equipment, and the booming automotive industry are expected to accelerate the growth of the European EV powertrain testing services market in the forecast period.

However, the high cost of testing equipment and lack of standardization may hinder the growth of the Europe EV powertrain testing services market in the forecast period.
The Europe EV powertrain testing services market is segmented based on vehicle type, by propulsion, by sourcing, by country, by company.Based on the vehicle type, the market is divided into light duty, medium duty, and heavy duty.

Light duty vehicles are expected to witness the fastest incremental growth in the forecast period and also the growing number of market players are driving the demand for light duty duty vehicles in the region for the forecast period.
Applus+ IDIADA, Ricardo Plc, TÜV SÜD, AVL List GmbH, CTAG Automotive Technology Centre of Galicia, Intertek Group plc, ATESTEO GmbH & Co. KG, HORIBA MIRA Ltd, Element Materials Technology, and FEV Group GmbH, are among the major market players in the Europe EV powertrain testing services market.

Years considered for this report:

Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2030

Objective of the Study:

• To analyze the historical growth and the market size of the Europe EV powertrain testing services market from 2016 to 2020.
• To estimate and forecast the market size of the Europe EV powertrain testing services market from 2021 to 2030 and growth rate until 2030.
• To classify and forecast the Europe EV powertrain testing services market based on vehicle type, by propulsion, by sourcing, by country, by company.
• To identify drivers and challenges for the Europe EV powertrain testing services market.
• To examine competitive developments such as expansions, new services, mergers and acquisitions, etc., in the Europe EV powertrain testing services market.
• To conduct pricing analysis for the Europe EV powertrain testing services market.
• To identify and analyze the profile of leading players operating in the Europe EV powertrain testing services market.

The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of leading service providers across the region.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, and presence of all major players operating in the EV powertrain testing services market in Europe.
The analyst calculated the Europe EV powertrain testing services market size using a bottom-up approach, where data for various countries was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• EV powertrain testing services providers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to EV powertrain testing services market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as EV powertrain testing service providers and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.

Report Scope:

In this report, Europe EV powertrain testing services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Europe EV Powertrain Testing Services Market, By Vehicle Type:
o Light Duty
o Medium Duty
o Heavy Duty
• Europe EV Powertrain Testing Services Market, By Propulsion:
o BEV
o HEV
o PHEV
o FCEV
• Europe EV Powertrain Testing Services Market, By Sourcing:
o Outsourcing
o In House
• Europe EV Powertrain Testing Services Market, By Country:
o Germany
o Spain
o France
o United Kingdom
o Italy
o Russia
o Slovakia
o Sweden
o Belgium
o Czech Republic
o Poland
o Netherlands
o Rest of Europe

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe EV powertrain testing services market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06223774/?utm_source=GNW

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