The new report titled ‘Global Electric Vehicle Testing, Inspection, and Certification Market’, Adoption of TIC services is increasing in the automobile manufacturing industry owing to marketing benefits these services open up, which is expected to drive market revenue growth during the forecast period. TIC evaluates conformance, interoperability, and electromagnetic capability of electric vehicles, which ensures a longer and healthier lifespan of product. This allows manufacturers of electric vehicles to market their products across multiple markets worldwide. The electric vehicles industry need to comply with statutory norms and policies set by governments, which is driving demand for testing, inspection, and certification services globally. Testing, inspection, and certification of electric vehicles play an essential role to enable meeting regulatory standards by providing quality checks that are in compliance with statutory norms.
The global Electric Vehicle (EV) Testing, Inspection, and Certification (TIC) market size is expected to reach USD 1,938.4 Million in 2028 and register a revenue CAGR of 14.2% over the forecast period, according to the latest report by Emergen Research. Increasing demand for EVs in countries across the globe and need for improvement of manufacturing standards are other factors driving need for EV testing, inspection, and certification.
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The global Electric Vehicle Testing, Inspection, and Certification market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Electric Vehicle Testing, Inspection, and Certification market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
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, Norges Elektriske Materiellkontroll
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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The latest research report serves as a perfect example of the precise analysis of the global Electric Vehicle Testing, Inspection, and Certification market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact on the worldwide Electric Vehicle Testing, Inspection, and Certification industries. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
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
- Testing Parameters
- Inspection
- Certification
- Testing
Sourcing Outlook (Revenue, USD Million, 2018–2028)
- In-House
- Outsourcing
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Electric Vehicle Testing, Inspection, and Certification market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Electric Vehicle Testing, Inspection, and Certification in the near future?
- What is the regulatory framework governing the application of Electric Vehicle Testing, Inspection, and Certification in the food industry?
- Which manufacturing processes are utilized for the production of Electric Vehicle Testing, Inspection, and Certification?
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