Report Overview

The global electric vehicle testing, inspection, and certification market was worth USD 864.6 million in 2020 and is further projected to reach USD 2,645.0 million by the year 2027, growing at the CAGR of 17.2% in the forecast period. The rapid adoption of electric vehicles has been fueled by rising public concern about nonrenewable energy and the environment, as well as strict government regulations on the automobile sector.Consequently, the testing, inspection, and certification market for electric vehicles is expected to grow enormously in the coming years.

Source: BlueWeave Consulting

Global Electric Vehicle Testing, Inspection, and Certification Market- Overview

The electric vehicle industry is a combination of both the automotive industry, which is based on ISO standards and the electrical industry, which is based on IEC standards. Tests, inspections, and certifications of electric vehicles include both the vehicle and its components. The inspection also covers the charging interfaces and the associated systems that enable EVs charging stations, and back-office systems to communicate with each other. Furthermore, testing, inspection, and certification ensure the electrical safety of users, equipment, and infrastructure.

Global Electric Vehicle Testing, Inspection, and Certification Market Forecast and Trends

Growth Drivers

Growing Demands for Electrical Vehicles

Emerging economies like China, India, South Korea, Japan, have been flourishing significantly in the automotive industry and have been able to almost double their market. These countries are significantly focusing on expanding their production rate to keep the growth consistent. As a result, the demand for testing, inspection, and certification of electric vehicles is growing at a high rate to maintain the safety of the products as well as the components. Therefore, the manufacturers are seeking testing, inspection, and certification (TIC) services to ensure their products meet the safety guidelines of the target regions.

Rising Concern Towards Carbon Emission and Environment

It has been proven that fuel-powered automobiles negatively impact the environment.Vehicles that run on fuel emit a large amount of CO2 and other pollutants.Approximately 80-90% of cars' environmental impact comes from fuel consumption and emissions of air pollution and greenhouse gases. Therefore, people are increasingly adopting electric cars. Furthermore, the governments of numerous countries are also taking a variety of measures to encourage its adoption,such as granting tax recessions, etc. This is expected to significantly fuel the demand for electric vehicle testing, inspection, and certification market in the coming years.

Restraints

Varied Testing, Inspection and Certification Regulations in Different Countries

The different testing, inspection, and certification rules and policies used by different countries present a barrier to the global market.The launch of electric vehicles on the international market is a long process that demands clearance of safety on different levels. The regulations related to tax, overhead costs of hiring local tax experts, etc., prove to be very energy consuming and inefficient. Thus. the TIC companies offering testing, inspection, and certification services in the global market need to adjust to these regulations.

Impact of COVID-19 on Global Electric Vehicle Testing, Inspection, and Certification Market

The global electric vehicle testing, inspection, and certification have been severely affected by the unprecedented outbreak of the COVID-19 pandemic.Due to the severity of this outbreak, the automotive industry was one of the most badly affected industries.Production and manufacturing obstructions, as well as supply chain issues, negatively affected tests, inspections, and certifications. Moreover, in view of the uncertainty of lockdown extensions in several countries, manufacturers pulled their products off the market.Thus, the pandemic caused considerable losses on the TIC market.

Global Electric Vehicle Testing, Inspection, and Certification Market - By Application

Based on applications, the global electric vehicle testing, inspection, and certification market is segmented into safety and security, connectors, communication, and EV charging. In the entire electric vehicle testing, inspection, and certification process, safety and security are of utmost importance.This enables electric vehicles to be secure for users and to ensure that their equipment and infrastructure are working properly.Thus, the regulatory bodies recommend testing, inspection, and certification to focus on improving the safety of the vehicle.

Global Electric Vehicle Testing, Inspection, and Certification Market - By Product

Based on products, the global electric vehicle testing, inspection, and certification market is segmented into service type and sourcing. The service type segment accounts for the largest market share. This segment can further be classified into testing, inspection, and certification. Among these, the testing segment holds the largest market share as it is a very crucial step for maintaining the quality and the safety of the products. Therefore, regulatory authorities make it mandatory to get the electric vehicles tested before officially releasing them on the market.

Global Electric Vehicle Testing, Inspection, and Certification Market - Regional Insights

Geographically, the global electric vehicle testing, inspection, and certification market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the market because of the high concentration of leading electric vehicle companies in this region such as Li Auto, Xpeng, NIO, CT&T, Hyundai, Tata, etc. Furthermore, the economic growth in the Asia Pacific has influenced the growth in per capita income which has directly impacted the use of electric vehicles, driving demand for electric vehicle testing, inspection, and certification market in the region.

Competitive Landscape

The leadingplayers in the global electric vehicle testing, inspection, and certification market are Applus Services S.A., UL LLC, British Standards Institution, TUV Rheinland Group, Bureau Veritas S.A., TUV SUD, DEKRA SE, SGS Group, Element Materials Technology, NSF International, Eurofins Scientific, NorgesElektriskeMateriellkontroll, Intertek Group PLC, Lloyd's Register Group Limited, MISTRAS Group, ALS Limited, SAI Global Pty Limited, and other prominent players.

With the presence of several global and regional industry participants, the market is highly competitive and consolidated. Moreover, the companies are intensively engaging in R&D activities to cater to the needs of the regional market. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, collaborations, etc., are also very prominent in this market to establish themselves in the local market.

Recent Developments

• In August 2021, UL, the global safety science leader, and Hyundai Motor Company, a South Korean multinational automotive manufacturer, announced their collaboration on SLBESS initiatives, including safety testing and assessment, a North America demonstration project, and evaluation process development.

• In December 2021, Bureau Veritas, a French certification company, launched ChargeScan by BV, an end-to-end solution for electric vehicle charging stations (EVCS), which will be able to offer real-time information verified by Bureau Veritas inspectors on the ground.

Scope of the Report

By Application

1. Safety and Security

2. Connectors

3. Communication

4. EV Charging

By Product

• Service Type

1. Testing

2. Inspection

3. Certification

4. Sourcing

5. In-House

6. Outsourcing

By Region

1. North America

2. Europe

3. The Asia-Pacific

4. Latin America

5. The Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Growing Demands for Electrical Vehicles
         2. Rising Concern Towards Carbon Emission and Environment
      2. Market Restraints
         1. Varied Testing, Inspection and Certification Regulations in Different Countries
      3. Market Challenges
         1. Negative Influence of the COVID-19 pandemic
      4. Market Opportunity
         1. Rising Awareness Among Customers Towards Safety in Automobiles
         2. Increasing Instances of Component Failures
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Electric Vehicle Testing, Inspection, and Certification Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Application
         1. Safety and Security
         2. Connectors
         3. Communication
         4. EV Charging
      2. By Product
         1. Service Type
            1. Testing
            2. Inspection
            3. Certification
         2. Sourcing
            1. In-House
            2. Outsourcing
      3. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Electric Vehicle Testing, Inspection, and Certification Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Application
      2. By Product
      3. By Country
         1. U.S.
         2. Canada
7. Europe Electric Vehicle Testing, Inspection, and Certification Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Application
      2. By Product
      3. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Electric Vehicle Testing, Inspection, and Certification Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Application
      2. By Product
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Electric Vehicle Testing, Inspection, and Certification Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Application
      2. By Product
      3. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10.  MEA Electric Vehicle Testing, Inspection, and Certification Market Overview
    1. Market Size and Forecast
       1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Application
    4. By Product
    5. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
12. Impact of COVID-19 on Global Electric Vehicle Testing, Inspection, and Certification Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Applus Services S.A.
    2. UL LLC
    3. British Standards Institution
    4. TUV Rehinland Group
    5. Bureau Veritas S.A.
    6. TUV SUD
    7. DEKRA SE
    8. SGS Group
    9. Element Materials Technology
    10. NSF International
    11. Eurofins Scientific
    12. Norges Elektriske Materiellkontroll
    13. Intertek Group PLC
    14. Lloyd's Register Group Limited
    15. MISTRAS Group
    16. ALS Limited
    17. SAI Global Pty Limited
    18. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Global Electric Vehicle Testing, Inspection, and Certification Market Segmentation

Figure 2: Global Electric Vehicle Testing, Inspection, and Certification Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 5: Global Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 6: Global Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 7: Global Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Country, By Value, 2017-2027

Figure 8: North America Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 9: North America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 10: North America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 11: North America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Country, By Value, 2017-2027

Figure 12: Europe Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 13: Europe Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 14: Europe Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 15: Europe Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Country, By Value, 2017-2027

Figure 16: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 17: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 18: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 19: Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Country, By Value, 2017-2027

Figure 20: Latin America Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 21: Latin America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 22: Latin America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 23: Latin America Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Country, By Value, 2017-2027

Figure 24: Middle East & Africa Electric Vehicle Testing, Inspection, and Certification Market Size, By Value (USD Million), 2017-2027

Figure 25: Middle East & Africa Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Application, By Value, 2017-2027

Figure 26: Middle East & Africa Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Product, By Value, 2017-2027

Figure 27: Middle East & Africa Electric Vehicle Testing, Inspection, and Certification Market Share (%), By Region, By Value, 2017-2027

List of Tables

Table 1: Global Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value, 2017-2027

Table 2: Global Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 3: Global Electric Vehicle Testing, Inspection, and Certification Market Size, By Region, By Value (USD Million), 2017-2027

Table 4: North America Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value (USD Million), 2017-2027

Table 5: North America Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 6: North America Electric Vehicle Testing, Inspection, and Certification Market Size, By Country, By Value (USD Million), 2017-2027

Table 7: Europe Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value (USD Million), 2017-2027

Table 8: Europe Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 9: Europe Electric Vehicle Testing, Inspection, and Certification Market Size, By Country, By Value (USD Million), 2017-2027

Table 10: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value (USD Million), 2017-2027

Table 11: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 12: the Asia-Pacific Electric Vehicle Testing, Inspection, and Certification Market Size, By Country, By Value (USD Million), 2017-2027

Table 13: Latin America Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value (USD Million), 2017-2027

Table 14: Latin America Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 15: Latin America Electric Vehicle Testing, Inspection, and Certification Market Size, By Country, By Value (USD Million), 2017-2027

Table 16: The Middle-East & Africa Electric Vehicle Testing, Inspection, and Certification Market Size, By Application, By Value (USD Million), 2017-2027

Table 17: The Middle-East & Africa Electric Vehicle Testing, Inspection, and Certification Market Size, By Product, By Value (USD Million), 2017-2027

Table 18: The Middle-East & Africa Electric Vehicle Testing, Inspection, and Certification Market Size, By Country, By Value (USD Million), 2017-2027

Table 19: Applus Services S.A. Financial Analysis

Table 20: Applus Services S.A. Business Overview

Table 21: UL LLC Financial Analysis

Table 22: UL LLCBusiness Overview

Table 23: British Standards Institution Corporation Financial Analysis

Table 24: British Standards Institution Corporation Business Overview

Table 25: TUV Rehinland GroupFinancial Analysis

Table 26: TUV Rehinland GroupBusiness Overview

Table 27: Bureau Veritas S.A.Financial Analysis

Table 28: Bureau Veritas S.A.Business Overview

Table 29: TUV SUD Financial Analysis

Table 30: TUV SUD Business Overview

Table 31: DEKRA SE Financial Analysis

Table 32: DEKRA SE Business Overview

Table 33: SGS Group Financial Analysis

Table 34: SGS Group Business Overview

Table 35: Element Materials TechnologyFinancial Analysis

Table 36: Element Materials TechnologyBusiness Overview

Table 37: NSF International Financial Analysis

Table 38: NSF International Business Overview

Table 39: Eurofins ScientificFinancial Analysis

Table 40: Eurofins Scientific Financial Analysis

Table 41: Norges Elektriske Materiellkontroll Financial Analysis

Table 42: Norges Elektriske Materiellkontroll Business Overview

Table 43: Intertek Group PLC Financial Analysis

Table 44: Intertek Group PLC Business Overview

Table 45: Lloyd's Register Group Limited Financial Analysis

Table 46: Lloyd's Register Group Limited Business Overview

Table 47: MISTRAS Group Financial Analysis

Table 48: MISTRAS Group Business Overview

Table 49: ALS LimitedFinancial Analysis

Table 50: ALS Limited Business Overview

Table 51: SAI Global Pty Limited Financial Analysis

Table 52: SAI Global Pty Limited Business Overview