Market Insights
“The global battery testing, inspection, and Certification market is expected to grow from USD 15.6 billion in 2024 to USD 45.06 billion by 2030, at a healthy CAGR of 19.36% during 2024-2030.”
Market Dynamics
Introduction
Battery testing, inspection, and certification (TIC) are advanced processes that ensure batteries are up to the industry standards in terms of safety, performance, and reliability. These procedures test several key factors like charge cycles, energy efficiency, and thermal stability, making sure that batteries can withstand actual use without failing or posing a safety hazard. Certifications guarantee that batteries are safe and in line with regulatory requirements, enabling manufacturers to prove that their products are reliable and secure for customers, increasing marketability and consumer confidence. Certifications such as UL, IEC, CE, and UN38.3 are typically needed for batteries based on their chemistry, application, and market.
The Battery Testing, Inspection, and Certification (TIC) market is vital for ensuring safety, performance, and regulatory compliance across energy storage applications. The key areas where rigorous battery TIC services mitigate risks and enhance reliability include electric vehicles, consumer electronics, renewable energy systems, and industrial power solutions.
Market Drivers
Widespread Adoption of Electric Vehicles
The growing demand for electric vehicles (EVs) and the upward push for sustainability is a crucial driver of Battery testing, inspection, and certification in the automotive sector. The international EV marketplace is expanding due to technological advancements, environmental policies, and expanded customer recognition of sustainable practices, necessitating the need for high-performance batteries, which in turn drives the demand for rigorous testing and certification of batteries. Moreover, many governments offer incentives to inspire the adoption of EVs, accelerating marketplace growth. Therefore, the upward push for EV manufacturing complements high-performance battery integration, requiring an advanced battery testing, inspection, and certification process for efficiency and reliability of the vehicle.
Market Challenges
Complexity in Advanced Batteries
Rapid innovations in battery technologies are raising enormous challenges for this market. Innovative designs, materials, and chemical formulations are pushing traditional methods of testing and forcing the introduction of new techniques. The absence of universal testing protocols for emerging battery technologies sets existing testing paradigms and advancements in contradiction and emphasizes the imperative for flexible and responsive testing protocols. The growing complexity of future-generation batteries, such as solid-state and lithium-sulphur batteries, has increased the challenge for the battery testing, inspection, and certification sector. These advanced batteries possess distinct features and failure modes that demand specialized testing methods and equipment. To address these challenges, huge investments in R&D, professional education, and new skills are needed.
High Initial Capital Investment
The battery testing, inspection, and certification industry faces tremendous challenges because of the huge capital investment involved. Establishing high-tech testing laboratories and acquiring state-of-the-art equipment involves a significant amount of money, especially for small TIC service providers. For instance, equipping a battery testing lab with required equipment such as battery cyclers, heat chambers, and safety test tools may cost millions of dollars. According to About: Energy, EV battery testing is a thorough process, where every testing program would require around 1,000 channels for cell testing that may cost up to USD 7.5 million for cell cycles alone. Channel demand could triple for testing at module and pack levels, showing the high cost involved in ensuring EV battery reliability and safety, and demonstrating the high capital expenditure involved in battery testing. Thus, the high capital requirement serves as a barrier to entry, curtailing the entry of smaller participants and start-ups into the market.
Market Opportunities
Shifting Trends Towards Clean Energy
Increased adoption of electric vehicles (EVs) globally and increasing usage of energy storage systems (ESS) are fuelling the expansion and growth of the battery testing, inspection, and certification market. The lithium-ion batteries are modified because of their longer lifespan and higher energy density, which makes them suitable for EVs and ESS. With the increasing adoption of EVs and ESS, the need for testing and certification of such batteries so that they comply with safety and performance requirements is growing. This requirement is driving the growth of the TIC market.
Recent Developments:
- In April 2024, Modern Testing Services (Dongguan) Limited, a member of the Eurofins Scientific Toys & Hardlines laboratory network, announced a new testing service that provides testing in aid of children's products containing button cell or coin batteries by 16 CFR 1263.
- In August 2023, TÜV Rheinland, together with battery analytics expert TWAICE, launched Battery Quick Check GmbH, a certified battery test for battery electric vehicles. This service accurately assesses the state of traction batteries on used electric cars, offering an in-depth State of Health report certified by TÜV Rheinland.
Market Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Segments with High-Growth Opportunity
|
|
Standard and Certification Analysis
|
Safety Testing, EMC Testing, Performance Testing
|
Safety testing segment accounted for the largest share of the battery TIC market.
|
|
Battery Analysis
|
Lithium-Ion, Lead Acid, Nickel Metal
|
Lead-acid is expected to experience growth during the forecast period as they are reliable, safe, and cost-effective battery.
|
|
Application Analysis
|
EVs, ICE Vehicles, Consumer Electronics, Industrial Equipment, Medical Devices
|
EV segment accounted for the largest market share, primarily due to increasing consumer demand, government incentives, and a global shift towards sustainability.
|
|
Services Analysis
|
Testing, Inspection, Certification
|
Testing is anticipated to experience the highest CAGR during the forecast period due to its durability.
|
|
Regional Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
Asia-Pacific holds the largest share of the market over the forecasted period because it has well-established battery manufacturers.
|
By Battery Type
“Lead-acid is expected to experience growth during the forecast period as they are reliable, safe, and cost-effective battery.”
The lead-acid is one of the oldest rechargeable battery types, Lead-acid has earned virtues in cost-effectiveness, reliability, and safety. Lead-acid batteries are stronger and less prone to overcharging in comparison with newer technologies like lithium-ion. It contains positive plates, negative plates, a separator, and an electrolyte. These batteries are made to be easy to manufacture, affordable, and have a lifespan of two to three years. As these batteries emit high voltage, they are in demand in the majority of standby power systems, such as in telecommunication devices, automobiles, boats, forklifts, and UPS units.
By Service Type
“Testing is anticipated to experience the highest CAGR during the forecast period due to its safety and durability.”
Testing batteries is the major segment of the Battery Testing, Inspection, and Certification Market. These tests vary from electrical and mechanical testing to environmental testing, such as performance testing against varied conditions such as temperature, load, charge-discharge cycles, etc. This provides the product with reliability and assists consumers to be safe as it detects the fault at an early stage, hence ensuring that the battery is safe to operate and achieves the desired performance. As the need for high-capacity, high-density batteries continues to grow across industries, the testing segment is driving the battery Testing, Inspection, and Certification (TIC) market because safety, performance validation, and regulatory compliance are crucial components of battery technologies.
Regional Analysis
“Asia-Pacific holds the largest share of the market over the forecasted period because it has a well-established battery manufacturing base.”
Asia-Pacific dominates the global Battery Testing, Inspection, and Certification market because this region has a well-established battery manufacturing base and a strong presence of key players in the battery manufacturing market. These manufacturers include Amperex Technology Co., Ltd. (CATL) (China) and BYD Company Ltd. (China). Moreover, government regulations are pushing the scaling of electric vehicles, which is directly contributing to the growth of the market for battery testing, inspection, and certification in the region.
Key Players
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the battery testing, inspection, and certification market -
Here is the list of the Top Players
- UL LLC
- Intertek Group PLC
- Dekra
- SGS SA
- Legrand
- Bureau Vertas
- DNV GL
- Eurofins Scientific
- TÜV Rheinland
- TÜV SÜD
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global Battery Testing, Inspection, and Certification market is segmented into the following categories.
Global Battery Testing, Inspection, and Certification Market, by Standard And Certification Type
- Safety Testing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- EMC Testing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Performance Testing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Global Battery Testing, Inspection, and Certification Market, by Battery Type
- Lithium-Ion (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Lead Acid (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Nickel Metal (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Global Battery Testing, Inspection, and Certification Market, by Application Type
- EVs (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- ICE Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Industrial Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Global Battery Testing, Inspection, and Certification Market, by Service Type
- Testing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Inspection (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Certification (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Global Battery Testing, Inspection, and Certification Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s battery testing, inspection, and certification market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
