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Global Battery Testing, Inspection, and Certification Market by Battery Type (Lithium-ion, Lead-acid), Standard and Certification Type (Safety Testing, EMC Testing), Application (Electric Vehicles, Consumer Electronics) and Region - Forecast to 2029

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    Report

  • 260 Pages
  • July 2024
  • Region: Global
  • Markets and Markets
  • ID: 5988303
Description Jump to:
The battery TIC market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. The major factors driving the growth of battery TIC market are Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology. Moreover, rising investment in clean energy initiatives, and increasing automation of testing and inspection processes using digital technologies to carve out new growth opportunities for market players.

Electric Vehicles (EVs) to register the largest market share during the forecast period.

Government incentives and a regulatory landscape conducive to sustainable transportation boost demand for electric vehicles, hence the boom in the EV market. Since EVs provide environmental benefits compared to traditional vehicles, there has been growing adoption of these vehicles, which improves the technology applied in batteries. With growth, demand for TIC services will rise to ensure that EV batteries are manufactured by rigorous standards to ensure safety and reliability. The market expansion is increasing demand for lithium-ion batteries, driven by supportive policies and technological advancements.

Accordingly, the demand of TIC services in industrial equipment applications that includes power tools, telecommunication systems, and energy storage systems, has increased many folds. This is based on the increasing adoption of cordless equipment and ESS in industrial plants where reliable and long-life power sources are required. Rigorous TIC processes are put in place to guarantee that batteries used under difficult conditions are both safe and reliable.

Lithium-ion battery to register the largest share during the forecast period.

Important factor that will drive the growth of the battery TIC market is the rising demand for lithium-ion batteries in electric vehicles and energy storage systems. Lithium-ion batteries have an increased energy density with a longer lifespan, thus making them suitable for use in EVs and ESS. With their increasing adoption in EVs and ESS, comes a growing requirement for the testing and certification of these batteries to ultimately ensure conformance to the set standards of safety and performance. This demand is thus fueling growth in the TIC market because safety and reliability of batteries are paramount in these applications. Further accelerating the demand for TIC's comprehensive testing services is the improvement of battery technologies and new standards. Continued trends will point to huge growth in the battery TIC market.

Europe to register the highest growth during the forecast period.

The European battery TIC market is growing fast, due to its robust infrastructure, which is backed by top TIC service providers such as SGS SA, Intertek Group plc, TÜV NORD GROUP, Bureau Veritas, DEKRA, DNV GL, and Eurofins Scientific. All these companies mentioned, provide a wide range of services and certifications to comply with stringent regulatory standards. Moreover, rapid transformation to clean energy and the industry boom of industrial equipment and consumer electronics further drive demand for TIC services for lithium-ion batteries. Further, a strong battery manufacturing industry, combined with a focus on clean energy and technological innovation, underpins regional growth of the battery testing, inspection, and certification market in Europe.

The break-up of profile of primary participants in the battery TIC market:

  • By Company Type: Tier 1 - 50%, Tier 2 - 30%, Tier 3 - 20%
  • By Designation Type: C Level - 35%, Director Level - 30%, Others - 35%
  • By Region Type: North America - 20%, Europe - 40%, Asia Pacific - 25%, Rest of the World - 15%
The major players in the battery TIC market with a significant global presence include UL LLC (US), SGS SA (Switzerland), Intertek Group plc (UK), Bureau Veritas (France), and DEKRA (Germany) and others.

Research Coverage

The report segments the battery TIC market and forecasts its size by standard and certification type, battery type, service type, application, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall battery TIC market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances are the major factors driving the market growth), restraints (high initial capital investments, high testing and certification costs, and lack of uniform and standardized testing protocols), opportunities (rising investment in clean energy initiatives, increasing automation of testing and inspection processes using digital technologies, and growing need for rigorous testing in electric aircraft and medical devices), and challenges (complexities associated with next-generation batteries, technical barriers to trade due to regulatory divergence, and rise in geopolitical tensions)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new service launches in the battery TIC market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the battery TIC market across varied regions.
  • Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the battery TIC market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like UL LLC (US), SGS SA (Switzerland), Intertek Group plc (UK), Bureau Veritas (France), and DEKRA (Germany).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Inclusions and Exclusions
1.4 Currency Considered
1.5 Limitations
1.6 Unit Considered
1.7 Stakeholders
1.8 Impact of Recession
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Intended Participants in Primary Interviews
2.1.2.2 List of Key Primary Interview Participants
2.1.2.3 Breakdown of Primaries
2.1.2.4 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
2.3 Factor Analysis
2.3.1 Demand-Side Analysis
2.3.2 Supply-Side Analysis
2.3.3 Market Growth Forecast
2.4 Recession Impact Analysis
2.5 Data Triangulation
2.6 Research Assumptions
2.7 Risk Assessment
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Battery Tic Market
4.2 Battery Tic Market, by Standard and Certification Type
4.3 Battery Tic Market, by Battery Type
4.4 Battery Tic Market, by Service Type
4.5 Battery Tic Market, by Application
4.6 Battery Tic Market in Asia-Pacific, by Battery Type and Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of EVs and Energy Storage Systems
5.2.1.2 Rising Enforcement of Stringent Standards to Ensure Battery Safety
5.2.1.3 Thriving Portable Electronics Industry
5.2.1.4 Rapid Advances in Battery Technology
5.2.2 Restraints
5.2.2.1 High Initial Capital Investment
5.2.2.2 Lack of Uniform and Standardized Testing Protocols
5.2.2.3 High Testing and Certification Costs
5.2.3 Opportunities
5.2.3.1 Rising Investment in Clean Energy Initiatives
5.2.3.2 Increasing Automation of Testing and Inspection Processes Using Digital Technologies
5.2.3.3 Growing Need for Rigorous Testing of Electric Aircraft and Medical Devices
5.2.4 Challenges
5.2.4.1 Complexities Associated with Next-Generation Batteries
5.2.4.2 Technical Barriers to Trade due to Regulatory Divergence
5.2.4.3 Rise in Geopolitical Tensions
5.3 Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Indicative Pricing Trend of Battery Certifications
5.4.2 Indicative Pricing Trend, by Region
5.5 Supply Chain Analysis
5.6 Ecosystem Analysis
5.7 Investment and Funding Scenario
5.8 Technology Analysis
5.8.1 Key Technologies
5.8.1.1 High-Precision Charging and Discharging Systems
5.8.2 Complementary Technologies
5.8.2.1 Battery Packaging and Enclosure
5.8.3 Adjacent Technologies
5.8.3.1 Energy Storage and Management Systems
5.9 Patent Analysis
5.10 Trade Analysis
5.10.1 Export Scenario (HS Code 8507)
5.10.2 Import Scenario (HS Code 8507)
5.11 Key Conferences and Events, 2024-2025
5.12 Case Study Analysis
5.12.1 Intertek Group PLC Develops Test Protocols and Evaluation Methods to Help Automotive OEM Consortium Meet Stringent Regulatory Requirements
5.12.2 Intertek Group PLC Conducts Battery Testing and Mathematical Modeling to Help Military Division Identify Nicd Battery Alternatives
5.12.3 Triathlon Group Partners with Ul LLC to Obtain Certifications for Lithium-Ion Batteries
5.12.4 Labtest Certification Inc. Tests Battery Packs to Adhere to Safety and Performance Standards
5.12.5 Labtest Certification Inc. Subjects Battery Systems to Rigorous Testing to Demonstrate Durability and Safety
5.13 Regulatory Landscape
5.13.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.14 Porter's Five Forces Analysis
5.14.1 Threat of New Entrants
5.14.2 Threat of Substitutes
5.14.3 Bargaining Power of Suppliers
5.14.4 Bargaining Power of Buyers
5.14.5 Intensity of Competitive Rivalry
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
5.15.2 Buying Criteria
6 Users of Battery Tic Services
6.1 Introduction
6.2 Battery Manufacturers
6.3 Battery-Operated Product Manufacturers/Users
7 Battery Tic Market, by Standard and Certification Type
7.1 Introduction
7.2 Safety Testing
7.2.1 Increasing Use of Specialized Battery Technologies in Critical Applications to Accelerate Segmental Growth
7.3 Emc Testing
7.3.1 Commercialization of Varieties of Electronic Devices to Contribute to Segmental Growth
7.4 Performance Testing
7.4.1 Growing Demand for High-Performance and Long-Lasting Batteries Across Industries to Support Segmental Growth
7.5 Others
8 Battery Tic Market, by Battery Type
8.1 Introduction
8.2 Lithium-Ion
8.2.1 Growing Demand for EVs to Drive Market
8.3 Lead-Acid
8.3.1 Increasing Need for Uninterrupted Power Supply in Automotive Applications to Fuel Market Growth
8.4 Nickel-Metal Hydride
8.4.1 Extensive Use of Nimh Batteries in Hybrid Electric Vehicles and Industrial Equipment to Foster Market Growth
8.5 Other Battery Types
9 Battery Tic Market, by Application
9.1 Introduction
9.2 Electric Vehicles (EVs)
9.2.1 Government Incentives and Regulatory Policies Promoting Adoption of EVs to Support Market Growth
9.3 Ice Vehicles
9.3.1 Lower Cost and Widespread Availability of Fuel Stations to Drive Market
9.4 Consumer Electronics
9.4.1 Thriving Portable Electronics Industry to Accelerate Market Growth
9.5 Industrial Equipment
9.5.1 Increasing Implementation of Energy Storage Systems to Boost Demand
9.6 Medical Devices
9.6.1 Stringent Safety and Reliability Standards to Contribute to Market Growth
9.7 Other Applications
10 Battery Tic Market, by Service Type
10.1 Introduction
10.2 Testing
10.2.1 Rising Demand for Electric Vehicles and Battery-Powered Devices to Augment Segmental Growth
10.3 Inspection
10.3.1 Growing Deployment of Industry 4.0 Technologies to Create Opportunities for Inspection Service Providers
10.4 Certification
10.4.1 Increasing Need to Comply with Safety and Regulatory Standards to Accelerate Demand for Certification Services
11 Battery Tic Market, by Region
11.1 Introduction
11.2 North America
11.2.1 Recession Impact on Market in North America
11.2.2 US
11.2.2.1 Growing Emphasis on Cleaner Energy Adoption to Drive Market
11.2.3 Canada
11.2.3.1 Booming Electric Vehicle Industry to Fuel Market Growth
11.2.4 Mexico
11.2.4.1 Increasing Investment in Establishing Battery Manufacturing Plants to Foster Market Growth
11.3 Europe
11.3.1 Recession Impact on Market in Europe
11.3.2 UK
11.3.2.1 Government Initiatives Encouraging Adoption of Clean Energy to Accelerate Market Growth
11.3.3 Germany
11.3.3.1 Presence of Major Battery Tic Service Providers to Support Market Growth
11.3.4 France
11.3.4.1 Increasing Sales of EV and HEV Cars to Contribute to Market Growth
11.3.5 Rest of Europe
11.4 Asia-Pacific
11.4.1 Recession Impact on Market in Asia-Pacific
11.4.2 China
11.4.2.1 Growing Partnership Agreements of Battery Manufacturers with Tic Service Provides to Drive Market
11.4.3 Japan
11.4.3.1 Robust Presence of Specialist Battery Material and Chemical Suppliers to Augment Market Growth
11.4.4 South Korea
11.4.4.1 Strong Presence of Globally Competitive Battery Manufacturers to Support Market Growth
11.4.5 Rest of Asia-Pacific
11.5 RoW
11.5.1 Recession Impact on Market in RoW
11.5.2 South America
11.5.2.1 Growing Demand for Emergency Power Storage Systems to Create Opportunities for Tic Service Providers
11.5.3 Middle East
11.5.3.1 Government Initiatives Promoting Sustainable Energy Sources and Electric Vehicle Adoption to Create Growth Opportunities
11.5.3.2 GCC Countries
11.5.3.3 Rest of Middle East
11.5.4 Africa
11.5.4.1 Growing Investments in Advanced Battery Technologies to Drive Market
12 Competitive Landscape
12.1 Introduction
12.2 Key Player Strategies/Right to Win, 2020-2023
12.3 Market Share Analysis, 2023
12.4 Company Valuation and Financial Metrics
12.5 Brand/Product Comparison
12.6 Revenue Analysis, 2021-2023
12.7 Company Evaluation Matrix: Key Players, 2023
12.7.1 Stars
12.7.2 Emerging Leaders
12.7.3 Pervasive Players
12.7.4 Participants
12.7.5 Company Footprint: Key Players, 2023
12.7.5.1 Company Footprint
12.7.5.2 Standard and Certification Type Footprint
12.7.5.3 Battery Type Footprint
12.7.5.4 Service Type Footprint
12.7.5.5 Application Footprint
12.7.5.6 Region Footprint
12.8 Company Evaluation Matrix: Start-Ups/SMEs, 2023
12.8.1 Progressive Companies
12.8.2 Responsive Companies
12.8.3 Dynamic Companies
12.8.4 Starting Blocks
12.8.5 Competitive Benchmarking: Start-Ups/SMEs, 2023
12.8.5.1 Detailed List of Key Start-Ups/SMEs
12.8.5.2 Competitive Benchmarking of Key Start-Ups/SMEs
12.9 Competitive Scenario and Trends
12.9.1 Service Launches
12.9.2 Deals
12.9.3 Expansions
13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Ul LLC
13.2.1.1 Business Overview
13.2.1.2 Services Offered
13.2.1.3 Recent Developments
13.2.1.3.1 Service Launches
13.2.1.3.2 Deals
13.2.1.3.3 Expansions
13.2.1.4 Analyst's View
13.2.1.4.1 Key Strengths/Right to Win
13.2.1.4.2 Strategic Choices
13.2.1.4.3 Weaknesses/Competitive Threats
13.2.2 Sgs SA
13.2.2.1 Business Overview
13.2.2.2 Services Offered
13.2.2.3 Recent Developments
13.2.2.3.1 Deals
13.2.2.3.2 Expansions
13.2.2.4 Analyst's View
13.2.2.4.1 Key Strengths/Right to Win
13.2.2.4.2 Strategic Choices
13.2.2.4.3 Weaknesses/Competitive Threats
13.2.3 Intertek Group PLC
13.2.3.1 Business Overview
13.2.3.2 Services Offered
13.2.3.3 Recent Developments
13.2.3.3.1 Deals
13.2.3.3.2 Expansions
13.2.3.4 Analyst's View
13.2.3.4.1 Key Strengths/Right to Win
13.2.3.4.2 Strategic Choices
13.2.3.4.3 Weaknesses/Competitive Threats
13.2.4 Bureau Veritas
13.2.4.1 Business Overview
13.2.4.2 Services Offered
13.2.4.3 Recent Developments
13.2.4.3.1 Deals
13.2.4.4 Analyst's View
13.2.4.4.1 Key Strengths/Right to Win
13.2.4.4.2 Strategic Choices
13.2.4.4.3 Weaknesses/Competitive Threats
13.2.5 Dekra
13.2.5.1 Business Overview
13.2.5.2 Services Offered
13.2.5.3 Recent Developments
13.2.5.3.1 Service Launches
13.2.5.3.2 Expansions
13.2.5.4 Analyst's View
13.2.5.4.1 Key Strengths/Right to Win
13.2.5.4.2 Strategic Choices
13.2.5.4.3 Weaknesses/Competitive Threats
13.2.6 Tüv Nord Group
13.2.6.1 Business Overview
13.2.6.2 Services Offered
13.2.7 Dnv Gl
13.2.7.1 Business Overview
13.2.7.2 Services Offered
13.2.8 Eurofins Scientific
13.2.8.1 Business Overview
13.2.8.2 Services Offered
13.2.8.3 Recent Developments
13.2.8.3.1 Service Launches
13.2.8.3.2 Expansions
13.2.9 Tüv Rheinland
13.2.9.1 Business Overview
13.2.9.2 Services Offered
13.2.9.3 Recent Developments
13.2.9.3.1 Service Launches
13.2.9.3.2 Expansions
13.2.10 Tüv Süd
13.2.10.1 Business Overview
13.2.10.2 Services Offered
13.2.10.3 Recent Developments
13.2.10.3.1 Deals
13.2.10.3.2 Expansions
13.3 Other Players
13.3.1 Csa Group Testing & Certification Inc.
13.3.2 Element Materials Technology
13.3.3 Applus+
13.3.4 Nemk0
13.3.5 Vde Renewables GmbH
13.3.6 Intl
13.3.7 Dongguan Lepont Testing Service Co. Ltd.
13.3.8 Cirs Group
13.3.9 Labtest Certification Inc.
13.3.10 Kiwa
13.3.11 Atic (Guangzhou) Co. Ltd.
13.3.12 Applied Technical Services
13.3.13 Carelabs
13.3.14 Mcm Technology & Service
13.3.15 Cesi (Kema Labs)
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options
List of Tables
Table 1 Inclusions and Exclusions: by Company
Table 2 Inclusions and Exclusions: by Standard and Certification Type
Table 3 Inclusions and Exclusions: by Battery Type
Table 4 Inclusions and Exclusions: by Application
Table 5 Inclusions and Exclusions: by Service Type
Table 6 Inclusions and Exclusions: by Region
Table 7 Market Growth Forecast
Table 8 Risk Assessment: Battery Tic Market
Table 9 Indicative Pricing Trend of Battery Certifications, 2021-2023 (USD)
Table 10 Indicative Pricing Trend of Iec Battery Certifications, by Region, 2021-2023 (USD)
Table 11 Role of Companies in Battery Tic Ecosystem
Table 12 Numbers of Patents Granted and Applied, 2014-2023
Table 13 List of Patents, 2014-2023
Table 14 Export Data for HS Code 8507-Compliant Products, by Country, 2019-2023 (USD Million)
Table 15 Import Data for HS Code 8507-Compliant Products, by Country, 2019-2023 (USD Million)
Table 16 List of Key Conferences and Events, 2024-2025
Table 17 North America: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 18 Europe: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 19 Asia-Pacific: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 20 RoW: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 21 Porter's Five Forces Analysis
Table 22 Influence of Stakeholders on Buying Process for Top Three Applications (%)
Table 23 Key Buying Criteria for Top Three Applications
Table 24 Battery Tic Market, by Standard and Certification Type, 2020-2023 (USD Million)
Table 25 Battery Tic Market, by Standard and Certification Type, 2024-2029 (USD Million)
Table 26 Safety Testing Standards for Lithium-Ion Batteries
Table 27 Safety Testing Standards for Lead-Acid Batteries
Table 28 Safety Testing Standards for Nickel-Metal Hydride Batteries
Table 29 Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 30 Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 31 Lithium-Ion: Battery Tic Market, by Application, 2020-2023 (USD Million)
Table 32 Lithium-Ion: Battery Tic Market, by Application, 2024-2029 (USD Million)
Table 33 Lithium-Ion: Battery Tic Market, by Application, 2020-2023 (Gwh)
Table 34 Lithium-Ion: Battery Tic Market, by Application, 2024-2029 (Gwh)
Table 35 Lithium-Ion: Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 36 Lithium-Ion: Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 37 Lithium-Ion: Battery Tic Market in North America, by Country, 2020-2023 (USD Million)
Table 38 Lithium-Ion: Battery Tic Market in North America, by Country, 2024-2029 (USD Million)
Table 39 Lithium-Ion: Battery Tic Market in Europe, by Country, 2020-2023 (USD Million)
Table 40 Lithium-Ion: Battery Tic Market in Europe, by Country, 2024-2029 (USD Million)
Table 41 Lithium-Ion: Battery Tic Market in Asia-Pacific, by Country, 2020-2023 (USD Million)
Table 42 Lithium-Ion: Battery Tic Market in Asia-Pacific, by Country, 2024-2029 (USD Million)
Table 43 Lithium-Ion: Battery Tic Market in RoW, by Region, 2020-2023 (USD Million)
Table 44 Lithium-Ion: Battery Tic Market in RoW, by Region, 2024-2029 (USD Million)
Table 45 Lead-Acid: Battery Tic Market, by Application, 2020-2023 (USD Million)
Table 46 Lead-Acid: Battery Tic Market, by Application, 2024-2029 (USD Million)
Table 47 Lead-Acid: Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 48 Lead-Acid: Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 49 Lead-Acid: Battery Tic Market in North America, by Country, 2020-2023 (USD Million)
Table 50 Lead-Acid: Battery Tic Market in North America, by Country, 2024-2029 (USD Million)
Table 51 Lead-Acid: Battery Tic Market in Europe, by Country, 2020-2023 (USD Million)
Table 52 Lead-Acid: Battery Tic Market in Europe, by Country, 2024-2029 (USD Million)
Table 53 Lead-Acid: Battery Tic Market in Asia-Pacific, by Country, 2020-2023 (USD Million)
Table 54 Lead-Acid: Battery Tic Market in Asia-Pacific, by Country, 2024-2029 (USD Million)
Table 55 Lead-Acid: Battery Tic Market in RoW, by Region, 2020-2023 (USD Million)
Table 56 Lead-Acid: Battery Tic Market in RoW, by Region, 2024-2029 (USD Million)
Table 57 Nickel-Metal Hydride: Battery Tic Market, by Application, 2020-2023 (USD Million)
Table 58 Nickel-Metal Hydride: Battery Tic Market, by Application, 2024-2029 (USD Million)
Table 59 Nickel-Metal Hydride: Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 60 Nickel-Metal Hydride: Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 61 Nickel-Metal Hydride: Battery Tic Market in North America, by Country, 2020-2023 (USD Million)
Table 62 Nickel-Metal Hydride: Battery Tic Market in North America, by Country, 2024-2029 (USD Million)
Table 63 Nickel-Metal Hydride: Battery Tic Market in Europe, by Country, 2020-2023 (USD Million)
Table 64 Nickel-Metal Hydride: Battery Tic Market in Europe, by Country, 2024-2029 (USD Million)
Table 65 Nickel-Metal Hydride: Battery Tic Market in Asia-Pacific, by Country, 2020-2023 (USD Million)
Table 66 Nickel-Metal Hydride: Battery Tic Market in Asia-Pacific, by Country, 2024-2029 (USD Million)
Table 67 Nickel-Metal Hydride: Battery Tic Market in RoW, by Region, 2020-2023 (USD Million)
Table 68 Nickel-Metal Hydride: Battery Tic Market in RoW, by Region, 2024-2029 (USD Million)
Table 69 Other Battery Types: Battery Tic Market, by Application, 2020-2023, (USD Million)
Table 70 Other Battery Types: Battery Tic Market, by Application, 2024-2029 (USD Million)
Table 71 Other Battery Types: Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 72 Other Battery Types: Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 73 Other Battery Types: Battery Tic Market in North America, by Country, 2020-2023 (USD Million)
Table 74 Other Battery Types: Battery Tic Market in North America, by Country, 2024-2029 (USD Million)
Table 75 Other Battery Types: Battery Tic Market in Europe, by Country, 2020-2023 (USD Million)
Table 76 Other Battery Types: Battery Tic Market in Europe, by Country, 2024-2029 (USD Million)
Table 77 Other Battery Types: Battery Tic Market in Asia-Pacific, by Country, 2020-2023 (USD Million)
Table 78 Other Battery Types: Battery Tic Market in Asia-Pacific, by Country, 2024-2029 (USD Million)
Table 79 Other Battery Types: Battery Tic Market in RoW, by Region, 2020-2023 (USD Million)
Table 80 Other Battery Types: Battery Tic Market in RoW, by Region, 2024-2029 (USD Million)
Table 81 Battery Tic Market, by Application, 2020-2023 (USD Million)
Table 82 Battery Tic Market, by Application, 2024-2029 (USD Million)
Table 83 Electric Vehicles (EVs): Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 84 Electric Vehicles (EVs): Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 85 Ice Vehicles: Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 86 Ice Vehicles: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 87 Consumer Electronics: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 88 Consumer Electronics: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 89 Industrial Equipment: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 90 Industrial Equipment: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 91 Medical Devices: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 92 Medical Devices: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 93 Other Applications: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 94 Other Applications: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 95 Battery Tic Market, by Service Type, 2020-2023 (USD Million)
Table 96 Battery Tic Market, by Service Type, 2024-2029 (USD Million)
Table 97 Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 98 Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 99 North America: Battery Tic Market, by Country, 2020-2023 (USD Million)
Table 100 North America: Battery Tic Market, by Country, 2024-2029 (USD Million)
Table 101 North America: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 102 North America: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 103 US: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 104 US: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 105 Canada: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 106 Canada: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 107 Mexico: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 108 Mexico: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 109 Europe: Battery Tic Market, by Country, 2020-2023 (USD Million)
Table 110 Europe: Battery Tic Market, by Country, 2024-2029 (USD Million)
Table 111 Europe: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 112 Europe: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 113 UK: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 114 UK: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 115 Germany: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 116 Germany: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 117 France: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 118 France: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 119 Rest of Europe: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 120 Rest of Europe: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 121 Asia-Pacific: Battery Tic Market, by Country, 2020-2023 (USD Million)
Table 122 Asia-Pacific: Battery Tic Market, by Country, 2024-2029 (USD Million)
Table 123 Asia-Pacific: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 124 Asia-Pacific: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 125 China: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 126 China: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 127 Japan: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 128 Japan: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 129 South Korea: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 130 South Korea: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 131 Rest of Asia-Pacific: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 132 Rest of Asia-Pacific: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 133 RoW: Battery Tic Market, by Region, 2020-2023 (USD Million)
Table 134 RoW: Battery Tic Market, by Region, 2024-2029 (USD Million)
Table 135 RoW: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 136 RoW: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 137 South America: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 138 South America: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 139 Middle East: Battery Tic Market, by Country, 2020-2023 (USD Million)
Table 140 Middle East: Battery Tic Market, by Country, 2024-2029 (USD Million)
Table 141 Middle East: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 142 Middle East: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 143 Africa: Battery Tic Market, by Battery Type, 2020-2023 (USD Million)
Table 144 Africa: Battery Tic Market, by Battery Type, 2024-2029 (USD Million)
Table 145 Battery Tic Market: Overview of Strategies Adopted By Key Players, 2020-2023
Table 146 Battery Tic Market Share Analysis, 2023
Table 147 Battery Tic Market: Standard and Certification Type Footprint
Table 148 Battery Tic Market: Battery Type Footprint
Table 149 Battery Tic Market: Service Type Footprint
Table 150 Battery Tic Market: Application Footprint
Table 151 Battery Tic Market: Region Footprint
Table 152 Battery Tic Market: Detailed List of Key Start-Ups/SMEs
Table 153 Battery Tic Market: Competitive Benchmarking of Key Start-Ups/SMEs
Table 154 Battery Tic Market: Service Launches, January 2020-May 2024
Table 155 Battery Tic Market: Deals, January 2020-May 2024
Table 156 Battery Tic Market: Expansions, January 2020-May 2024
Table 157 Ul LLC: Company Overview
Table 158 Ul LLC: Services Offered
Table 159 Ul Lcc: Service Launches
Table 160 Ul LLC: Deals
Table 161 Ul LLC: Expansions
Table 162 Sgs SA: Company Overview
Table 163 Sgs SA: Services Offered
Table 164 Sgs SA: Deals
Table 165 Sgs SA: Expansions
Table 166 Intertek Group PLC: Company Overview
Table 167 Intertek Group PLC: Services Offered
Table 168 Intertek Group PLC: Deals
Table 169 Intertek Group PLC: Expansions
Table 170 Bureau Veritas: Company Overview
Table 171 Bureau Veritas: Services Offered
Table 172 Bureau Veritas: Deals
Table 173 Dekra: Company Overview
Table 174 Dekra: Services Offered
Table 175 Dekra: Service Launches
Table 176 Dekra: Expansions
Table 177 Tüv Nord Group: Company Overview
Table 178 Tüv Nord Group: Services Offered
Table 179 Dnv Gl: Company Overview
Table 180 Dnv Gl: Services Offered
Table 181 Eurofins Scientific: Company Overview
Table 182 Eurofins Scientific: Services Offered
Table 183 Eurofins Scientific: Service Launches
Table 184 Eurofins Scientific: Expansions
Table 185 Tüv Rheinland: Company Overview
Table 186 Tüv Rheinland: Services Offered
Table 187 Tüv Rheinland: Service Launches
Table 188 Tüv Rheinland: Expansions
Table 189 Tüv Süd: Company Overview
Table 190 Tüv Süd: Services Offered
Table 191 Tüv Süd: Deals
Table 192 Tüv Süd: Expansions
List of Figures
Figure 1 Battery Tic Market Segmentation
Figure 2 Battery Tic Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Market Size Estimation: Demand-Side Analysis
Figure 6 Market Size Estimation: Supply-Side Analysis
Figure 7 Data Triangulation
Figure 8 Battery Tic Market: Global Snapshot, 2020-2029
Figure 9 Safety Testing Segment to Account for Majority of Market Share Throughout Forecast Period
Figure 10 Lithium-Ion Batteries to Command Battery Tic Market Throughout Forecast Period
Figure 11 Testing Segment to Account for Largest Share of Battery Tic Market Throughout Forecast Period
Figure 12 Electric Vehicles to Lead Battery Tic Market Throughout Forecast Period
Figure 13 Asia-Pacific Held Largest Share of Global Battery Tic Market in 2023
Figure 14 Need to Comply with Stringent Regulatory Requirements and Safety Standards to Drive Market
Figure 15 Safety Testing Segment to Hold Largest Market Share in 2024
Figure 16 Lithium-Ion Segment to Account for Largest Share of Battery Tic Market in 2024
Figure 17 Testing Segment to Capture Largest Market Share in 2024
Figure 18 Electric Vehicles (EVs) Segment to Account for Largest Share of Battery Tic Market in 2024
Figure 19 Lithium-Ion Batteries and China Held Largest Share of Asia-Pacific Market in 2023
Figure 20 Battery Tic Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Global Electric Vehicle Sales, 2021-2023 (Million Units)
Figure 22 Impact Analysis: Drivers
Figure 23 Impact Analysis: Restraints
Figure 24 Impact Analysis: Opportunities
Figure 25 Impact Analysis: Challenges
Figure 26 Trends/Disruptions Impacting Customers’ Businesses
Figure 27 Indicative Pricing Trend of Battery Certifications (USD)
Figure 28 Indicative Pricing Trend of Iec Battery Certifications, by Region, 2021-2023 (USD)
Figure 29 Supply Chain Analysis
Figure 30 Battery Tic Ecosystem
Figure 31 Investment and Funding Scenario, EV Batteries
Figure 32 Patents Applied and Granted, 2014-2023
Figure 33 Export Data for HS Code 8507-Compliant Products, by Country, 2019-2023 (USD Million)
Figure 34 Import Data for HS Code 8507-Compliant Products, by Country, 2019-2023
Figure 35 Battery Tic Market: Porter's Five Forces Analysis
Figure 36 Porter's Five Forces: Weighted Average
Figure 37 Influence of Stakeholders on Buying Process for Top Three Applications
Figure 38 Key Buying Criteria for Top Three Applications
Figure 39 Safety Testing to Account for Largest Share of Battery Tic Market, by Standard and Certification Type, in 2029
Figure 40 Lithium-Ion Segment to Lead Battery Tic Market Throughout Forecast Period
Figure 41 Electric Vehicles (EVs) Segment to Command Tic Market for Lithium-Ion Batteries from 2024 to 2029
Figure 42 Ice Vehicles to Account for Largest Share of Lead-Acid Battery Tic Market in 2029
Figure 43 Electric Vehicles (EVs) Segment to Capture Largest Share of Nickel-Metal Hydride Tic Market in 2029
Figure 44 Industrial Equipment Applications to Hold Largest Market Share for Other Battery Types in 2029
Figure 45 Electric Vehicles (EVs) Segment to Dominate Battery Tic Market Throughout Forecast Period
Figure 46 Lithium-Ion Batteries to Account for Largest Market Share for EVs In 2029
Figure 47 Lead-Acid Batteries to Capture Most Significant Market Share for Industrial Equipment Applications Throughout Forecast Period
Figure 48 Testing Services to Account for Largest Market Share Throughout Forecast Period
Figure 49 Germany to Register Highest CAGR in Global Battery Tic Market During Forecast Period
Figure 50 North America: Battery Tic Market Snapshot
Figure 51 Europe: Battery Tic Market Snapshot
Figure 52 Asia-Pacific: Battery Tic Market Snapshot
Figure 53 Battery Tic Market Share Analysis, 2023
Figure 54 Company Valuation, 2024 (USD Billion)
Figure 55 Financial Metrics, 2024
Figure 56 Brand/Product Comparison
Figure 57 Revenue Analysis of Five Key Players, 2021-2023 (USD Billion)
Figure 58 Battery Tic Market: Company Evaluation Matrix (Key Players), 2023
Figure 59 Battery Tic Market: Company Footprint
Figure 60 Battery Tic Market: Company Evaluation Matrix (Start-Ups/SMEs), 2023
Figure 61 Sgs SA: Company Snapshot
Figure 62 Intertek Group PLC: Company Snapshot
Figure 63 Bureau Veritas: Company Snapshot
Figure 64 Dekra: Company Snapshot
Figure 65 Tüv Nord Group: Company Snapshot
Figure 66 Dnv Gl: Company Snapshot
Figure 67 Eurofins Scientific: Company Snapshot
Figure 68 Tüv Rheinland: Company Snapshot
Figure 69 Tüv Süd: Company Snapshot

Companies Mentioned

  • Ul LLC
  • Sgs SA
  • Intertek Group PLC
  • Bureau Veritas
  • Dekra
  • Tüv Nord Group
  • Dnv Gl
  • Eurofins Scientific
  • Tüv Rheinland
  • Tüv Süd
  • Csa Group Testing & Certification Inc.
  • Element Materials Technology
  • Applus+
  • Nemk0
  • Vde Renewables GmbH
  • Intl
  • Dongguan Lepont Testing Service Co. Ltd.
  • Cirs Group
  • Labtest Certification Inc.
  • Kiwa
  • Atic (Guangzhou) Co. Ltd.
  • Applied Technical Services
  • Carelabs
  • Mcm Technology & Service
  • Cesi (Kema Labs)

Table Information

Report AttributeDetails
No. of Pages260
PublishedJuly 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 14.9 Billion
Forecasted Market Value ( USD ) by 2029 $ 36.7 Billion
Compound Annual Growth Rate19.6%
Regions CoveredGlobal
No. of Companies Mentioned25

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