The Battery Testing, Inspection, and Certification Market Size is valued at USD 12.9 billion in 2023 and is predicted to reach USD 47.6 billion by the year 2031 at a 18.2% CAGR during the forecast period for 2024-2031.
Testing evaluates performance across diverse situations (e.g., temperature, charging cycles), whereas inspection confirms design and manufacturing quality. Certification verifies adherence to standards such as UN 38.3, IEC 62133, and UL 2054, which are essential for market authorization. The need for battery testing, inspection, and certification to guarantee safety, longevity, and efficiency has grown substantially due to technological advancements in the battery industry, particularly in battery materials such as solid-state batteries and lithium-ion alternatives. Continual assessment is required because these technologies bring new difficulties and hazards with them as they develop.
Additionally, manufacturing must also adhere to environmental and safety norms as a result of increasingly stringent government laws and safety standards. Moreover, the need for battery testing to meet performance standards and stop failures is made even more important by the growing demand for consumer electronics like smartphones, laptops, and wearable tech, which is fueling the battery testing, inspection, and certification market in the coming years.
However, the market expansion of the battery testing, inspection, and certification sector is impeded by factors such as high production costs, complicated manufacturing processes, and rising competition. Furthermore, the COVID-19 epidemic disrupted supply chains, curtailed manufacturing, and delayed projects, which slowed down the battery testing, inspection, and certification industry. However, the market is beating back the pandemic due to the increasing demand for electric automobiles. The market growth potential can be further enhanced by attracting environmentally concerned consumers through advancements in manufacturing and sustainable materials, which are all factors that could lead to opportunities in the battery testing, inspection, and certification market.
Competitive Landscape
Some Major Key Players In The Battery Testing, Inspection, and Certification Market:
- UL LLC
- SGS SA
- Intertek Group plc
- TÜV NORD GROUP
- Bureau Veritas
- DEKRA
- DNV GL
- Eurofins Scientific
- TÜV Rheinland
- CSA Group Testing & Certification Inc.
- Element Materials Technology
- Applus+
- Nemk0
- VDE Renewables GMBH
- 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)
- Other Market Players
Market Segmentation:
The battery testing, inspection, and certification market is segmented based on standard and certification type, battery type, service type, and application. Based on standard and certification type, the market is segmented into safety testing, EMC testing, performance testing, and others. By battery type, the market is segmented into lithium-ion, lead–acid, nickel–metal hydride, and others. By service type, the market is segmented into testing, inspection, and certification. By application, the market has more segments like electric vehicles (EVs), internal combustion engine vehicles, consumer electronics, industrial equipment, medical devices, and others.
Based On The Battery Type, The Lithium-Ion Battery Market Segment Accounts For A Major Contributor To The Battery Testing, Inspection, And Certification Market.
The lithium-ion in the battery testing, inspection, and certification market is expected to hold a major global market share because of its extensive application in EVs, consumer electronics, and renewable energy source systems. Moreover, there is a strong demand for thorough testing, inspection, and certification to guarantee safety and performance requirements due to its widespread preference across sectors, which is driven by its high energy density, longer life cycle, and efficiency, which are further factors driving the market’s expansion.
The Electric Vehicles (EVs) Segment Witnessed Rapid Growth.
The electric vehicles (EVs) segment is expanding rapidly in the battery testing, inspection, and certification market. This is because of the increasing demand for electric vehicles around the world, which is being propelled by factors such as cleaner transportation, financial incentives, and improvements in battery technology. Additionally, in order to guarantee compliance, dependability, and efficiency, testing, inspection, and certification services are in high demand. This is due to the fact that electric vehicle batteries are required to meet extremely high safety and performance criteria.
In The Region, The Asia Pacific Battery Testing, Inspection, And Certification Market Holds A Significant Revenue Share.
The Asia Pacific battery testing, inspection, and certification market is expected to report the largest market share in revenue in the near future. It can be attributed to the quickly expanding market for energy storage systems, strict regulatory rules on the safety of batteries, technological developments in battery technology, and the widespread use of electric vehicles. Furthermore, Europe is likely to experience significant growth in the global battery testing, inspection, and certification market for several reasons, including robust research and development infrastructure, a prominent presence of key industry stakeholders, and a heightened focus on the integration of renewable energy sources, increased infrastructure investment, and the promotion of sustainability and energy efficiency.
Recent Developments:
- In August 2024, UL Solutions Inc., a world-renowned authority in applied safety science, inaugurated its North America Advanced Battery Laboratory in Auburn Hills, Michigan. This state-of-the-art facility is among the most comprehensive testing facilities in the United States for electric and hybrid vehicles and industrial batteries.
- In July 2024, Korea Testing & Research Institute, a prominent Korean testing and certification company, and Intertek, a world-renowned Total Quality Assurance supplier, signed a historic Master Services Agreement. This partnership has enabled the world’s makers of electrical and electronic products to gain easier access to international markets.
Battery Testing, Inspection, and Certification Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 12.9 Bn |
|
Revenue Forecast In 2031 |
USD 47.6 Bn |
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Growth Rate CAGR |
CAGR of 18.2% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Standard And Certification Type, Battery Type, Service Type, And Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
UL LLC, SGS SA, Intertek Group plc, TÜV NORD GROUP, Bureau Veritas, DEKRA, DNV GL, Eurofins Scientific, TÜV Rheinland, TÜV SÜD, CSA Group Testing & Certification Inc., Element Materials Technology, Applus+, Nemko, 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) and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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