Market Trends

9

India’s Testing, Inspection, and Certification (TIC) ecosystem is undergoing a structural transformation, driven by three powerful and interlinked growth engines—electric mobility, renewable energy expansion, and sustainability-driven compliance.

EV & Battery Ecosystem – The Defining Opportunity

  • The transition towards electric mobility represents the most significant shift in the automotive sector.
  • With strong policy support, increasing OEM investments, and rapid adoption of EVs, the focus has
    moved decisively towards battery performance, safety, and lifecycle reliability. Unlike traditional
    systems, batteries and power electronics require continuous validation across multiple stages—from
    design and development to in-use performance.
  • This is fundamentally changing the nature of testing—from a one-time certification activity to an
    ongoing validation process, creating sustained demand for advanced testing capabilities such as EMI/
    EMC, thermal performance, and reliability testing.

Renewable Energy & Green Certification – Scaling at Speed

  • India’s ambitious renewable energy targets and large-scale solar deployments are driving
    unprecedented demand for testing and certification services.
  • Key areas witnessing strong growth include:
  • Solar PV module testing for performance and durability
  • Inverter and energy storage system validation
  • Emerging areas such as green hydrogen and hybrid energy systems
  • As installations scale, the focus is shifting from deployment to long-term reliability and efficiency,
    making testing a critical factor in ensuring asset performance and investor confidence.

ESG & Sustainability Standards – From Compliance to Compulsion

Standards such as ISO 14064 (Greenhouse Gas Accounting) & ISO 50001 (Energy Management Systems)
are gaining traction, driven by:

  • Increasing carbon reporting requirements
  • Pressure from global supply chains and export markets
  • Investor focus on ESG performance

Organizations are now expected to demonstrate measurable sustainability outcomes, making certification
and verification services essential for credibility and market access.