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Electric Vehicle Testing, Inspection, and Certification Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Revenue Market Forecast to 2028

7Newswire

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.

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.

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 all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Electric Vehicle Testing, Inspection, and Certification market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.

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Market Scope:

One of the report’s central components is the broad Electric Vehicle Testing, Inspection, and Certification market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Electric Vehicle Testing, Inspection, and Certification market players.

Leading Players Profiled in the Report:

  • 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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For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.

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
    1. Testing Parameters
      1. Mechanical
      2. Temperature
      3. Electrical
    2. Conditions in Testing
  • Inspection
  • Certification

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

  • In-House
  • Outsourcing

Key questions addressed in the report:

  • What are the key factors driving the global Electric Vehicle Testing, Inspection, and Certification market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Electric Vehicle Testing, Inspection, and Certification market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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Highlights of the TOC: 

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Electric Vehicle Testing, Inspection, and Certification market segments
    1.3 Major players
    1.4 Market analysis by product
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends 
    2.1 Global Electric Vehicle Testing, Inspection, and Certification market size
    2.2 Latest Electric Vehicle Testing, Inspection, and Certification market trends
    2.3 Key growth trends
  3. Competitive Landscape 
    3.1 Global Electric Vehicle Testing, Inspection, and Certification market key players
    3.2 Global Electric Vehicle Testing, Inspection, and Certification size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Electric Vehicle Testing, Inspection, and Certification market
    3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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