Electric Vehicle Testing, Inspection, and Certification Market Research Report, Size, Share, Industry Analysis 2028

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Market Size – USD 682.0 Million in 2020, Market Growth – at a CAGR of 14.2%, Market Trends – High demand from European region

The Global Electric Vehicle Testing, Inspection, and Certification Market report, released by Emegen research, provides the target audience with the key information pertaining to the global Electric Vehicle Testing, Inspection, and Certification Market industry. We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Electric Vehicle Testing, Inspection, and Certification market. This helps us to comprehensively analyse  the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.

 

Increasing number of EVs and increasingly stringent regulatory standards in the automotive industry are some of the key factors driving market revenue growth

Electric vehicle Testing, Inspection, and Certification (TIC) is a set of services that help to improve standards of manufacturing and quality of EVs in a specific region as per regional statutory regulatory bodies. TIC ensures safety of users, equipment, infrastructure, and environment as well. As a result, governments of various countries are implementing stringent regulatory norms related to electric vehicle testing. This is expected to continue to boost electric vehicle testing, inspection, and certification market revenue growth during the forecast period.

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The extensive assessment of real-time data on the business environment offers a more specialized view of threats and challenges companies are likely to face in the years to come. In addition, the unique expertise of the researchers behind the study in strategic growth consulting enables product owners identifies important definition, product classification, and application.

Some of the key participants in this industry include:

DEKRA SE, TÜV SÜD, SGS Group, Applus Services S.A., Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, British Standards Institution, TUV Rehinland Group, and Norges Elektriske Materiellkontroll.

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 Key Highlights

In August 2021, South Korean multinational automotive manufacturer, Hyundai Motor has partnered with global safety science leader, UL, for safe deployment and use of a Second-Life Battery Energy Storage System (SLBESS). This collaboration is expected to increase safe deployment of key renewable, zero-emission energy resources, and improve safety testing and evaluation process.

Safety and security segment accounted for a significantly large revenue share in 2020 owing to rising concerns regarding a pollution-free environment and safety and enhanced consumer welfare. Security checks help in reducing CO2 emissions and driving further RD and technological advancements, which also lead to consumer satisfaction. Revenue from the safety and security segment is expected to increase significantly during the forecast period.

 Regional Overview:

The global Electric Vehicle Testing, Inspection, and Certification market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Electric Vehicle Testing, Inspection, and Certification market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Emergen Research has segmented the global electric vehicle testing, inspection, and certification market on the basis of application, service types, sourcing, and region:

Application Outlook (Revenue, USD Million, 2018–2028)

Safety and Security

Connectors

Communication

Electric Vehicle (EV) Charging

Service Types Outlook (Revenue, USD Million, 2018–2028)

Testing

Testing Parameters

Mechanical

Temperature

Electrical

Conditions in Testing

Inspection

Certification

Sourcing Outlook (Revenue, USD Million, 2018–2028)

In-House

Outsourcing

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 Objectives of the Report:

Study of the global Electric Vehicle Testing, Inspection, and Certification market size by key regions, types, and applications with reference to historical data and forecast (2020-2028)

Industrial structure analysis of the Electric Vehicle Testing, Inspection, and Certification market by

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