Global Electric Vehicle Testing, Inspection and Certification Market Research Report: Forecast (2021-2026)

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Electric Vehicle Testing, Inspection and
Certification Market
2021-2026
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Market Insights
The Global Electric Vehicle Testing, Inspection,
and Certification Market is projected to grow at
a CAGR of around 15.21 during the forecast
period, i.e., 2021-26, says MarkNtel Advisors.
Technological advancements and the increasing
complexity of automobile subsystems have paved
the way for EVs. However, these vehicles come
with complete parts that might pose potential
risks of failure and become fatal for automobile
users.
Therefore, EVs must endure the formal testing,
inspection, and certification process before
becoming accessible to the general public. Hence,
the demand for TIC is increasing significantly
across the world.
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Market Driver
The key factors that shall drive the Global
Electric Vehicle Testing, Inspection, and
Certification Market in the forecast period
include the increasing inclination of the
governments across different nations toward
imposing regulatory standards for EVs, growing EV
sales, and digitalization of TIC processes for
EVs.
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Market Segmentation
By Product Type (Service Type (Testing,
Inspection, Certification),
By Sourcing Type (In-House, Outsourced)),
By Application (Safety and Security, Connectors,
Communication, EV Charging),
By Region North America, Latin America, Europe,
Asia-Pacific, Middle East, and Africa
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