Global Electric Vehicle Testing, Inspection, And Certification Market Size & Outlook
Global electric vehicle testing, inspection, and certification market, 2018-2030 (US$M)
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Global electric vehicle testing, inspection, and certification market highlights
- The global electric vehicle testing, inspection, and certification market generated a revenue of USD 1,210.2 million in 2023 and is expected to reach USD 3,006.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.9% by 2030.
- In terms of segment, testing accounted for a revenue of USD 871.2 million in 2023.
- Certification is the most lucrative service type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,210.2 million |
| Market revenue in 2030 | USD 3,006.7 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing, Inspection, Certification |
Other key industry trends
- In terms of revenue, the North America accounted for 26.3% of the global electric vehicle testing, inspection, and certification market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 139.4 million by 2030.
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Electric Vehicle Testing, Inspection, And Certification Market Scope
Electric Vehicle Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electric vehicle testing, inspection, and certification market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle testing, inspection, and certification market will help companies and investors design strategic landscapes.
Testing was the largest segment with a revenue share of 71.99% in 2023. Horizon Databook has segmented the Global electric vehicle testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electric Vehicle Testing, Inspection, And Certification Service Type Outlook (Revenue, USD Million, 2018-2030)
- Testing
- Battery Testing
- Electric E-Motor Testing
- Electromagnetic Compatibility (EMC) Testing
- Component Testing
- Inspection
- Certification
- Testing
- Global Electric Vehicle Testing, Inspection, And Certification Type Outlook (Revenue, USD Million, 2018-2030)
- In-House
- Outsourced
- Global Electric Vehicle Testing, Inspection, And Certification Application Outlook (Revenue, USD Million, 2018-2030)
- Safety and Security
- Connectors
- Communication
- EV Charging
- Global Electric Vehicle Testing, Inspection, And Certification Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- BEV
- PHEV
- FCEV
- Others
- Global Electric Vehicle Testing, Inspection, And Certification Industry Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Aerospace
- Defense
- Others
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Target buyers of Global electric vehicle testing, inspection, and certification market databook
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Our clientele includes a mix of electric vehicle testing, inspection, and certification market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric vehicle testing, inspection, and certification market , including forecasts for subscribers. This global databook contains high-level insights into Global electric vehicle testing, inspection, and certification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global electric vehicle testing, inspection, and certification market size, by region, 2018-2030 (US$M)
Top 10 countries: Electric vehicle testing, inspection, and certification market size, 2023 (US$M)
Global electric vehicle testing, inspection, and certification market share, by service type, 2023 & 2030 (%, US$M)
Electric vehicle testing, inspection, and certification market: Opportunity assessment by country
Global electric vehicle testing, inspection, and certification market, by region, 2023 (US$M)
Global electric vehicle testing, inspection, and certification market size, by region, 2018-2030 (US$M)
| Service Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 206.0 | 223.8 | 241.2 | 262.0 | 286.8 | 318.6 | 355.8 | 399.7 | 449.7 | 506.9 | 572.8 | 648.8 | 735.6 | 12.7% |
| Europe | 220.3 | 240.7 | 260.7 | 284.8 | 313.7 | 350.5 | 393.6 | 444.9 | 503.7 | 571.2 | 649.5 | 740.5 | 844.9 | 13.4% |
| Asia Pacific | 230.8 | 256.5 | 282.6 | 313.9 | 351.5 | 399.3 | 455.8 | 523.6 | 602.3 | 694.1 | 801.8 | 928.6 | 1,076.2 | 15.2% |
| Latin America | 60.1 | 66.2 | 72.3 | 79.6 | 88.4 | 99.6 | 112.8 | 128.6 | 146.8 | 167.9 | 192.5 | 221.3 | 254.6 | 14.3% |
| MEA | 27.6 | 30.0 | 32.2 | 34.9 | 38.1 | 42.2 | 47.0 | 52.7 | 59.1 | 66.4 | 74.8 | 84.5 | 95.5 | 12.4% |
| Overall | 744.8 | 817.1 | 889.0 | 975.2 | 1,078.6 | 1,210.2 | 1,365.1 | 1,549.3 | 1,761.6 | 2,006.4 | 2,291.4 | 2,623.7 | 3,006.7 | 13.9% |
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