Battery TIC (Testing Inspection and Certification) Market Size, Share, Trends, Industry Analysis Report: By Standard and Certification Type, Battery Type, Service Type (Testing, Inspection, and Certification), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025 – 2034
- Published Date:Nov-2024
- Pages: 120
- Format: PDF
- Report ID: PM5238
- Base Year: 2024
- Historical Data: 2020-2023
Battery TIC Market Overview
The global Battery TIC Market size was valued at USD 14.93 billion in 2024. The market is projected to grow from USD 17.83 billion in 2025 to USD 89.10 billion by 2034, exhibiting a CAGR of 19.6% during the forecast period.
The battery testing, inspection, and certification market encompasses services and processes involved in ensuring the quality, safety, and compliance of batteries across various industries.
The growing popularity of smartphones, tablets, laptops, and other portable devices is driving the need for reliable and safe batteries. The battery TIC market plays a crucial role in validating the performance and safety of these batteries. Moreover, the use of batteries in industrial applications such as forklifts, drones, and automated guided vehicles (AGVs) is growing, which is driving demand for reliable and certified batteries. This escalating demand is driving the need for battery TIC, thereby contributing to battery TIC market growth.
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The increasing innovations such as solid-state batteries, lithium-sulfur batteries, and other advanced battery chemistries require updated TIC protocols to ensure safety and performance. Furthermore, sectors such as data centers, telecommunications, and medical devices are increasingly relying on high-capacity, reliable batteries to ensure continuous power supply. These applications demand rigorous TIC processes to guarantee battery reliability and safety, which is accelerating battery TIC market growth.
Battery TIC Market Driver Analysis
Increasing Adoption of Electric Vehicles (EVs)
The increasing adoption of electric vehicles (EVs) is significantly driving the demand for battery TIC services, thereby fueling market growth. For instance, according to EIA, the electric car market reported robust growth, with over 14 million sales in 2023. The market shares of electric cars relative to total sales increased from about 4% in 2020 to 18% in 2023. During the first quarter of 2024, the electric vehicle industry reported a significant surge, with over 3 million units sold, marking a remarkable 25% increase compared to the corresponding period in the previous year. Consequently, the expanding EV market significantly propels the growth of the battery TIC market, as ensuring battery is crucial for the widespread acceptance and long-term success of electric vehicles.
Expansion of Renewable Energy Storage
The expansion of renewable energy sources such as solar and wind power necessitates efficient energy storage solutions. For instance, US battery storage jumped from 47 MW in 2010 to 17,380 MW in 2023. This requires rigorous TIC processes to ensure that batteries used in these systems meet stringent safety, performance, and regulatory standards. Thus, the rising adoption of renewable energy storage needs batteries to undergo rigorous TIC processes to ensure they are reliable and safe for energy storage. Furthermore, the integration of innovative battery technologies with renewable energy systems demands thorough inspection and validation to guarantee safety. Consequently, the expansion of renewable energy highlights the importance of battery TIC services, thereby propelling market growth.
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Battery TIC Market Segment Analysis
Battery TIC Market Breakdown by Application Insights
The global battery TIC market segmentation, based on application, includes consumer electronics, electric vehicles, industrial equipment, internal combustion engine vehicles, and others. In 2024, the industrial equipment segment accounted for the largest market share due to rapid industrialization in emerging nations. Industrial equipment often operates in environments where dependability and uninterrupted power are crucial. Equipment such as forklifts, automated guided vehicles (AGVs), heavy machinery, and backup power systems in factories and warehouses require high-performing, dependable batteries. Industrial applications demand batteries with long lifespans and consistent performance. TIC services play a critical role in lifecycle management by regularly testing and inspecting batteries to ensure they maintain their performance over time. This, in turn, mitigates the significant testing, inspection, and certifications of the batteries.
Battery TIC Market Breakdown by Battery Type Insights
The global battery TIC market segmentation, based on battery type, includes lead acid, lithium-ion, nickel metal hydride, and others. The lithium-ion battery category is expected to be the fastest-growing market segment. Lithium-ion batteries are widely used in consumer electronics such as smartphones, laptops, tablets, and wearables due to their high energy density and long cycle life. The growing demand for these devices drives the need for rigorous TIC processes to ensure the safety and performance of lithium-ion batteries. Furthermore, lithium-ion batteries are the preferred choice for electric vehicles due to their efficiency and energy density. The increasing adoption of EVs accelerates the need for thorough testing and certification to meet safety and regulatory standards.
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Battery TIC Market Regional Insights
By region, the study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific battery TIC market accounted for the largest market share in 2024 due to significant investments in infrastructure development, particularly in the transportation and energy sectors. Moreover, the rising population and rapid urbanization in countries including China, India, and Southeast Asian nations lead to higher demand for healthcare services and medical devices. The healthcare industry uses a wide range of battery-powered medical devices, including portable diagnostic tools, implantable devices such as pacemakers, and wearable health monitors. The reliability and safety of these batteries are crucial for patient health, which is driving the need for rigorous battery TIC, thereby contributing to the market expansion.
China's battery TIC market is expected to grow significantly during the forecast period due to its significant investment in renewable energy projects, including solar and wind power. These initiatives necessitate batteries with effective energy storage solutions, leading to increased demand for comprehensive TIC services and driving market expansion.
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The North America battery TIC market is expected to grow at the highest CAGR during the forecast period. The US and Canada are leading in battery technology research and development, including advancements in lithium-ion, solid-state, and other next-generation batteries. This innovation drives the need for advanced TIC services to validate new technologies and ensure they meet industry standards. Furthermore, North America is experiencing growth in the production of battery cells, which are further used in electric vehicles and other purposes. For instance, in June 2024, according to Argonne National Laboratory, by 2030, the battery cell manufacture in North America is estimated to surpass 1,200 GWh of capacity, which is sufficient to deliver 12 to 15 million fresh EVs yearly, assuming an average battery capacity of 80 to 100 kWh/ vehicle. Thus, the rising production of battery cells has led to rising demand for battery TIC market.
The US battery TIC market is expected to witness significant growth in the North America region during the forecast period. This is attributed to the technological advancements in the automotive and aerospace sectors, which require high-quality batteries that adhere to rigorous performance and safety standards.
Battery TIC (Testing Inspection and Certification) Key Market Players & Competitive Analysis Report
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the battery TIC market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the battery TIC industry must offer cost-effective items.
In recent years, the battery TIC market has offered some technological advancements. Major players in the market include Bureau Veritas, DEKRA, DNV GL, Eurofins Scientific, Intertek Group plc, SGS SA, TUV Rheinland, TUV NORD GROUP, TUV SUD., UL LLC.
Intertek Group plc provides quality assurance solutions across various industries globally. The company operates in five segments: health and safety, consumer products, industry and infrastructure, corporate assurance, and the world of energy. In September 2023, Intertek launched a new Battery Xcellence Centre in Mestre, Italy, equipped with advanced technologies for testing battery and energy storage systems. The facility aims to meet the industry's increasing demand for reliable testing, certification, and assurance services.
UL Solutions Inc. is a global provider of safety science services, operating in three segments: consumer, industrial, and software. The industrial segment offers inspection, testing, and certification services across multiple end markets, including industrial automation, engineered materials, energy, and built environment. Its services cater to various stakeholders such as building owners, manufacturers, end users, and regulators. For instance, in May 2024, UL Solutions Inc. acquired BatterieIngenieure GmbH, expanding its global footprint with a European laboratory. BatterieIngenieure specializes in comprehensive battery testing, simulation, and failure analysis, with specific expertise in battery life expectancy estimation.
Key Companies in Battery TIC (Testing Inspection and Certification) Market
- Bureau Veritas
- DEKRA
- DNV GL
- Eurofins Scientific
- Intertek Group plc
- SGS SA
- TUV Rheinland
- TUV NORD GROUP
- TUV SUD.
- UL LLC
Battery TIC (Testing Inspection and Certification) Industry Developments
May 2024: Eurofins EAG Laboratories expanded its battery materials testing capabilities with a new 6,600 square-foot laboratory in Sunnyvale, CA, and 6,500 square-foot expanded facilities at its Syracuse, New York location. This enhances the company's extensive range of over 150 material testing techniques.
In February 2024, Bureau Veritas acquired the Conformity Assessment entity "ANCE S.A de C.V." from ANCE Estándares S.C. This entity is a leader in testing and certification services for electrical and electronic products in Mexico.
In October 2023, Battero Tech Co., Ltd., the manufacturer of lithium-ion batteries, received several international certifications from TÜV Rheinland in Germany for its 280Ah air-cooled battery pack and 1000V/1500V battery cluster, representing a dual-platform energy storage system.
Battery TIC Market Segmentation
By Standard and Certification Type Outlook (Revenue - USD Billion, 2020 - 2034)
- EMC Testing
- Performance Testing
- Safety Testing
- Electrical Testing
- Mechanical Testing
- Environmental Testing
- Other Testing
- Others
By Battery Type Outlook (Revenue - USD Billion, 2020 - 2034)
- Lead Acid
- Lithium-Ion
- Nickel Metal Hydride
- Others
By Service Type Outlook (Revenue - USD Billion, 2020 - 2034)
- Testing
- Inspection
- Certification
By Application Outlook (Revenue - USD Billion, 2020 - 2034)
- Consumer Electronics
- Electric Vehicles
- Industrial Equipment
- Internal Combustion Engine Vehicles
- Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Battery TIC (Testing Inspection and Certification) Report Scope:
|
Report Attributes |
Details |
|
Market Size Value in 2024 |
USD 14.93 Billion |
|
Market Size Value in 2025 |
USD 17.83 Billion |
|
Revenue Forecast in 2034 |
USD 89.10 Billion |
|
CAGR |
19.6% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020 – 2023 |
|
Forecast Period |
2025 – 2034 |
|
Quantitative Units |
Revenue in USD Billion and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Industry Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
Battery TIC Market Share Analysis (2024) Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments |
|
Report Format |
|
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global battery TIC market size was valued at USD 14.93 billion in 2024.
The global market is projected to register at a CAGR of 19.6% during the forecast period 2025-2034.
Asia Pacific had the largest share of the global market due to the rising adoption of electric vehicles.
The key players in the market are Bureau Veritas, DEKRA, DNV GL, Eurofins Scientific, Intertek Group plc, SGS SA, TUV Rheinland, TUV NORD GROUP, TUV SUD., UL LLC.
The industrial equipment category dominated the market in 2024 due to the rapid industrialization in emerging markets.
The lithium-ion had the highest share in the global market due to its widespread adoption in consumer electronics.
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