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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.
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Electric Vehicle Testing, Inspection, and Certification Market Report 2020-2028 www.emergenresearch.com Increasing number of EVs and increasingly stringent regulatory standards in the automotive industry are some of the key factors driving market revenue growth
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Market Summary 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. 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. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • 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 R&D 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. • Major players in the market report 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 NorgesElektriskeMateriellkontroll. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/841 www.emergenresearch.com
Market Summary • For the purpose of this report, Emergen Research has segmented into the global Electric Vehicle Testing, Inspection, and Certification on the basis of Product, Fitting, Application, and region: • Application Outlook (Revenue, USD Million, 2018–2028) • Safety and Security • Connectors • Communication • Electric Vehicle (EV) Charging • Sourcing Outlook (Revenue, USD Million, 2018–2028) • In-House • Outsourcing • Read More@https://www.emergenresearch.com/industry-report/electric-vehicle-testing-inspection-and-certification-market
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