Battery Tic Market Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Battery Testing, Inspection, and Certification Market 

• The annual demand for battery testing, inspection, and certification market was USD 15.6 billion in 2024 and is expected to reach USD 18.66 billion in 2025, up 19.6% than the value in 2024.
• During the next 8 years (forecast period of 2025-2032), the battery testing, inspection, and certification market is expected to grow at a CAGR of 19.20%. The annual demand will reach of USD 63.79 billion in 2032, which is almost 3.42 times (~242% up) of the demand in 2025.
• During 2025-2032, the battery testing, inspection, and certification industry is expected to generate a cumulative sales opportunity of USD 299.73 billion which is almost 4.92 times the opportunities during 2019-2024.

High-Growth Market Segments: 

• Asia Pacific generated the highest demand in 2024, with well-established battery manufacturers as the key growth drivers in the region.
• By battery type, lead-acid segment is projected to be the dominant segment during the forecast period.
• By service type, testing segment is projected to be the dominant segment during the forecast period.

Market Statistics 

Have a look at the sales opportunities presented by the battery testing, inspection, and certification market in terms of growth and market forecast.

Battery Testing, Inspection, and Certification Market Data & Statistics

Market Dynamics

Introduction 

What is battery testing, inspection, and certification?

A pressure transmitter is a mechanical device that converts the expansion force of a liquid or gas sample into an electrical output. The device converts the pressure into an electrical signal employing a transducer. Pressure transmitters are crucial elements in process control, industrial automation, and monitoring systems, which translate pressure readings into analog or digital signals for utilization in control systems. This type of sensor, also known as a pressure transducer, usually consists of a pressure-sensitive surface area made of steel, silicon, or other materials, depending on the composition of the analyte. The pressure transmitter market is the global market dealing with the production, sale, and utilization of equipment that measures pressure in liquids or gases. The market is experiencing steady growth fuelled by demand from industries such as power generation, oil & gas, chemical, water & wastewater, and pharmaceuticals.

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.

Market Segments' Analysis

By Battery Type 

“Lead-acid segment is expected to be the fastest-growing segment during the forecast period.”

• The battery testing, inspection, and certification market is segmented by battery type into lithium-ion, lead acid, nickel metal.
• Lead-acid segment is expected to be the fastest-growing segment during the forecast period. 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.”

• The battery testing, inspection, and certification market is segmented by service type into testing, inspection, and certification.
• Testing is anticipated to experience the highest CAGR during the forecast period. 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 is expected to be the dominant and fastest-growing region over the forecasted period.”

• Based on region, the battery testing, inspection, and certification market has been segmented into North America, Europe, Asia Pacific, and the Rest of the world.
• Asia Pacific is expected to be the dominant and fastest-growing region over the forecasted period because this region has a well-established battery manufacturing base and a strong presence of key players. 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.

Competitive Landscape

Top 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 -  

• 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 a leading player in this market? We would love to include your name. Please write to us at [email protected]

Recent Developments/Mergers & Acquisitions: 

• 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.

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.

Market Segmentation 

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The battery testing, inspection, and certification market is segmented into the following categories:

By Standard and Certification Type

• Safety Testing
• EMC Testing
• Performance Testing

By Battery Type

• Lithium-Ion
• Lead Acid
• Nickel Metal

By Application Type

• EVs
• ICE Vehicles
• Consumer Electronics
• Industrial Equipment
• Medical Devices

By Services Type

• Testing
• Inspection
• Certification

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, 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]