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Canada EV Electronics Testing, Inspection, And Certification Market Size, Share & Trends Analysis Report By Service Type, By Sourcing Type, By Application (Safety & Security, Connectors, EV Charging), By Vehicle Type, And Segment Forecasts, 2024 - 2030

June 2024 | 100 pages | ID: CAAD24CF5EF2EN
Grand View Research, Inc.

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Canada EV Electronics Testing, Inspection, And Certification Market Growth & Trends

The Canada EV electronics testing, inspection, and certification market size is anticipated to reach USD 598.2 million by 2030 and is projected to grow at a CAGR of 29.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The expansion of infrastructure for EV charging is fueling the significant EV electronics testing, inspection, and certification (TIC) market growth in Canada. The Canadian government and private entities are actively investing in developing and deploying fast-charging stations nationwide; as a result, accessibility to charging points is on the rise. For instance, the British Columbia government has invested heavily in expanding its EV charging network. Programs such as the CleanBC Go Electric Public Charger rebate program incentivize businesses and organizations to install charging stations. This increased accessibility directly addresses a primary concern for consumers considering the switch to electric vehicles, leading to a surge in EV adoption rates. Consequently, with more electric vehicles hitting the roads, the demand for TIC services to ensure the safety and compliance of EV electronics, particularly charging systems, is experiencing a parallel surge.

The rapid expansion of the electric vehicle market in Canada is fueled by supportive government policies, incentives, and investments in EV infrastructure and research & development. For instance, the federal government's Zero-Emission Vehicles (iZEV) program provides purchase incentives for zero emission vehicles, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Governments at the federal and provincial levels are implementing measures to promote electric vehicle adoption, including subsidies, tax incentives, and regulatory mandates for zero-emission vehicles. These initiatives create a conducive environment for EV manufacturers and TIC service providers, driving market growth and innovation in Canada.

The global transition towards electrification presents an opportunity for Canadian TIC providers to expand their services internationally. By capitalizing on their expertise and reputation for quality and reliability, Canadian firms can establish partnerships with foreign companies seeking trusted TIC services. This enables them to penetrate new markets, diversify revenue streams, and contribute to the advancement of electric vehicle technology on a global scale. Moreover, by utilizing their strong reputation, Canadian TIC providers can establish themselves as leaders in international electric vehicles.

Canada EV Electronics Testing, Inspection & Certification Market Report Highlights
  • Based on service, the testing segment led the market with the largest revenue share of 76.7% in 2023. There is a significant focus on the development of new test equipment tailored for next- generation batteries, including solid-state batteries, to meet the evolving needs of the industry. On-site testing solutions are gaining traction to minimize downtime and optimize efficiency, driving the innovation of portable and compact test equipment designs
  • Based on sourcing type, the in-house segment led the market with the largest revenue share of 57.0% in 2023. As the demand for EVs continues to rise in Canada, in-house TICs of EVs play a crucial role in ensuring compliance with regulatory standards and meeting consumer expectations for quality and safety
  • Based on application, the EV charging segment led the market with the largest revenue share of 55.1% in 2023. Growing environmental awareness and corporate commitments to sustainability are significant drivers of the EV charging segment. As companies increasingly embrace sustainability initiatives, the adoption of fleets of electric vehicles and the installation of EV charging infrastructure at workplaces and commercial properties are becoming more prevalent, further fueling the growth of the EV charging segment
  • Based on vehicle type, the passenger vehicles segment led the market with the largest revenue share of 85.6% in 2023. As the popularity of electric passenger vehicles surges in Canada, this translates to a higher production volume by EV manufacturers. This rise in EV production volume necessitates more testing, inspection, and certification of the electronic components used. As a result, the market experiences growth to cater to the expanding needs of EV manufacturers.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
  1.3.1. Information Procurement
  1.3.2. Information or Data Analysis
  1.3.3. Market Formulation & Data Visualization
  1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

CHAPTER 3. CANADA EV ELECTRONICS TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET VARIABLES, TRENDS, & SCOPE

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
  3.4.1. Market Drivers Analysis
    3.4.1.1. The rapid advancement in the automotive industry
    3.4.1.2. Consumer awareness of environmental issues and demand for electric vehicles
    3.4.1.3. Infrastructure development for electric vehicle charging
  3.4.2. Market Restraints Analysis
    3.4.2.1. Initial investment costs pose a significant financial hurdle
  3.4.3. Industry Opportunities
    3.4.3.1. Industry Challenges
3.5. Canada EV Electronics Testing, Inspection, And Certification (TIC) Market Analysis Tools
  3.5.1. Porter’s Analysis
    3.5.1.1. Bargaining power of the suppliers
    3.5.1.2. Bargaining power of the buyers
    3.5.1.3. Threats of substitution
    3.5.1.4. Threats from new entrants
    3.5.1.5. Competitive rivalry
  3.5.2. PESTEL Analysis
    3.5.2.1. Political landscape
    3.5.2.2. Economic and Social landscape
    3.5.2.3. Technological landscape
    3.5.2.4. Environmental landscape
    3.5.2.5. Legal landscape

CHAPTER 4. CANADA EV ELECTRONICS TIC MARKET: SERVICE TYPE ESTIMATES & TREND ANALYSIS

4.1. Segment Dashboard
4.2. Canada EV Electronics Testing, Inspection, And Certification (TIC) Market: Service Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Testing
  4.3.1. Testing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  4.3.2. Battery Testing
    4.3.2.1. Battery Testing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  4.3.3. Electric E-Motor Testing
    4.3.3.1. Electric E-Motor Testing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  4.3.4. Electromagnetic Compatibility (EMC) Testing
    4.3.4.1. Electromagnetic Compatibility (EMC) Testing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  4.3.5. Component Testing
    4.3.5.1. Component Testing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. Inspection
  4.4.1. Inspection Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.5. Certification
  4.5.1. Certification Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

CHAPTER 5. CANADA EV ELECTRONICS TIC MARKET: SOURCING TYPE ESTIMATES & TREND ANALYSIS

5.1. Segment Dashboard
5.2. Canada EV Electronics Testing, Inspection, And Certification (TIC) Market: Sourcing Type Movement Analysis, 2023 & 2030 (USD Million)
5.3. In-house
  5.3.1. In-house Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. Outsourced
  5.4.1. Outsourced Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

CHAPTER 6. CANADA EV ELECTRONICS TIC MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

6.1. Segment Dashboard
6.2. Canada EV Electronics Testing, Inspection, And Certification (TIC) Market: Application Movement Analysis, 2023 & 2030 (USD Million)
6.3. Safety and Security
  6.3.1. Safety and Security Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.4. Connectors
  6.4.1. Connectors Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.5. Communication
  6.5.1. Communication Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.6. EV Charging
  6.6.1. EV Charging Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

CHAPTER 7. CANADA EV ELECTRONICS TIC MARKET: VEHICLE TYPE ESTIMATES & TREND ANALYSIS

7.1. Segment Dashboard
7.2. Canada EV Electronics Testing, Inspection, And Certification (TIC) Market: Vehicle Type Movement Analysis, 2023 & 2030 (USD Million)
7.3. Passenger Vehicles
  7.3.1. Passenger Vehicles Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4. Commercial Vehicles
  7.4.1. Commercial Vehicles Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5. RTV, UTV, & ATV
  7.5.1. RTV, UTV, & ATV Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Market Share Analysis
8.5. Company Heat Map Analysis
8.6. Strategy Mapping
  8.6.1. Expansion
  8.6.2. Mergers & Acquisition
  8.6.3. Partnerships & Collaborations
  8.6.4. New Product Launches
  8.6.5. Research And Development
8.7. Company Profiles
  8.7.1. Applus+
    8.7.1.1. Participant’s Overview
    8.7.1.2. Financial Performance
    8.7.1.3. Product Benchmarking
    8.7.1.4. Recent Developments
  8.7.2. Bureau Veritas
    8.7.2.1. Participant’s Overview
    8.7.2.2. Financial Performance
    8.7.2.3. Product Benchmarking
    8.7.2.4. Recent Developments
  8.7.3. CSA Group Testing & Certification Inc.
    8.7.3.1. Participant’s Overview
    8.7.3.2. Financial Performance
    8.7.3.3. Product Benchmarking
    8.7.3.4. Recent Developments
  8.7.4. DEKRA
    8.7.4.1. Participant’s Overview
    8.7.4.2. Financial Performance
    8.7.4.3. Product Benchmarking
    8.7.4.4. Recent Developments
  8.7.5. DNV
    8.7.5.1. Participant’s Overview
    8.7.5.2. Financial Performance
    8.7.5.3. Product Benchmarking
    8.7.5.4. Recent Developments
  8.7.6. Element Materials Technology
    8.7.6.1. Participant’s Overview
    8.7.6.2. Financial Performance
    8.7.6.3. Product Benchmarking
    8.7.6.4. Recent Developments
  8.7.7. Intertek Group plc
    8.7.7.1. Participant’s Overview
    8.7.7.2. Financial Performance
    8.7.7.3. Product Benchmarking
    8.7.7.4. Recent Developments
  8.7.8. National Research Council of Canada
    8.7.8.1. Participant’s Overview
    8.7.8.2. Financial Performance
    8.7.8.3. Product Benchmarking
    8.7.8.4. Recent Developments
  8.7.9. SGS SA
    8.7.9.1. Participant’s Overview
    8.7.9.2. Financial Performance
    8.7.9.3. Product Benchmarking
    8.7.9.4. Recent Developments
  8.7.10. UL LLC
    8.7.10.1. Participant’s Overview
    8.7.10.2. Financial Performance
    8.7.10.3. Product Benchmarking
    8.7.10.4. Recent Developments
LIST OF TABLES


Table 1 Canada EV electronics TIC - industry snapshot & key buying criteria, 2017 - 2030
Table 2 Canada EV electronics testing, inspection, and certification (TIC) market, 2017 - 2030 (USD Million)
Table 3 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by service type, 2017 - 2030 (USD Million)
Table 4 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by sourcing type, 2017 - 2030 (USD Million)
Table 5 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by application, 2017 - 2030 (USD Million)
Table 6 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by vehicle type, 2017 - 2030 (USD Million)
Table 7 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by testing, 2017 - 2030 (USD Million)
Table 8 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast, by inspection, 2017 - 2030 (USD Million)
Table 9 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by certification, 2017 - 2030 (USD Million)
Table 10 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by battery testing, 2017 - 2030 (USD Million)
Table 11 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by electric e-motor testing, 2017 - 2030 (USD Million)
Table 12 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by Electromagnetic Compatibility (EMC) testing, 2017 - 2030 (USD Million)
Table 13 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast, by component testing, 2017 - 2030 (USD Million)
Table 14 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by inspection, 2017 - 2030 (USD Million)
Table 15 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast, by certification, 2017 - 2030 (USD Million)
Table 16 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by in-house, 2017 - 2030 (USD Million)
Table 17 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by outsourced, 2017 - 2030 (USD Million)
Table 18 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast, by safety and security, 2017 - 2030 (USD Million)
Table 19 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by connectors, 2017 - 2030 (USD Million)
Table 20 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast, by communication, 2017 - 2030 (USD Million)
Table 21 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by EV charging, 2017 - 2030 (USD Million)
Table 22 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by passenger vehicles, 2017 - 2030 (USD Million)
Table 23 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by commercial vehicles, 2017 - 2030 (USD Million)
Table 24 Canada EV electronics testing, inspection, and certification (TIC) market estimates and forecast by RTV, UTV, & ATV, 2017 - 2030 (USD Million)
LIST OF FIGURES


Fig. 1 Canada EV electronics TIC Market Segmentation
Fig. 2 Technology landscape
Fig. 3 Information Procurement
Fig. 4 Data Analysis Models
Fig. 5 Market Formulation and Validation
Fig. 6 Data Validating & Publishing
Fig. 7 Market Snapshot
Fig. 8 Segment Snapshot
Fig. 9 Competitive Landscape Snapshot
Fig. 10 Canada EV Electronics TIC - Market Size and Growth Prospects (USD Million)
Fig. 11 Canada EV electronics TIC Market: Industry Value Chain Analysis
Fig. 12 Canada EV electronics TIC Market: Market Dynamics
Fig. 13 Canada EV electronics TIC Market: PORTER’s Analysis
Fig. 14 Canada EV electronics TIC Market: PESTEL Analysis
Fig. 15 Canada EV electronics TIC Market Share by Service Type, 2023 & 2030 (USD Million)
Fig. 16 Canada EV electronics TIC Market, by Service Type: Market Share, 2023 & 2030
Fig. 17 Testing Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 18 Battery Testing Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 19 Electric E-Motor Testing Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million
Fig. 20 Electromagnetic Compatibility (EMC) Testing Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million
Fig. 21 Component Testing Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 22 Inspection Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 23 Certification Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million
Fig. 24 Canada EV electronics TIC Market Share by Sourcing Type, 2023 & 2030 (USD Million)
Fig. 25 Canada EV electronics TIC Market, by Sourcing Type: Market Share, 2023 & 2030
Fig. 26 In-house Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 27 Outsourced Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 28 Canada EV electronics TIC Market Share by Application, 2023 & 2030 (USD Million)
Fig. 29 Canada EV electronics TIC Market, by Application: Market Share, 2023 & 2030
Fig. 30 Safety and Security Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 31 Connectors Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 32 Communication Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 33 EV Charging Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 34 Canada EV electronics TIC Market Share by Vehicle Type, 2023 & 2030 (USD Million)
Fig. 35 Canada EV electronics TIC Market, by Vehicle Type: Market Share, 2023 & 2030
Fig. 36 Passenger Cars Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 37 Commercial Vehicles Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 38 RTV, UTV & ATV Market Estimates & Forecasts, 2017 - 2030 (Revenue, USD Million)
Fig. 39 Key Company Categorization
Fig. 40 Company Market Positioning
Fig. 41 Key Company Market Share Analysis, 2023
Fig. 42 Strategic Framework


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