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 - Global Forecast to 2029
[259 Pages Report] The battery testing, inspection, and certification 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. 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 are some of the major factors driving the market growth globally. Moreover, opportunities such as 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 to drive the growth of battery testing, inspection, and certification market.
Battery Testing, Inspection, and Certification Market Forecast to 2029
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Battery Testing, Inspection, and Certification Market Dynamics
Driver: Increasing adoption of EVs and Energy Storage Systems
The upward push in electric vehicle (EV) adoption and the growing use of energy storage systems (ESS) for renewable energy integration drive the demand for rigorous testing and certification of high-performance batteries. According to the International Energy Agency (IEA), international electric vehicle sales accounted13.9 million in 2023, a significant 35% growth from 2022. This growth is over six times higher than the entire electric powered vehicle sales in 2018, highlighting the fast adoption of electric vehicles over the last 5 years.
The international EV marketplace is expanding due to technological advancements, environmental policies, and expanded customer recognition of sustainable practices. Many governments offer incentives to inspire the adoption of EVs, accelerating marketplace growth. ESS is important in storing energy from intermittent renewable assets, which include solar and wind. It helps keep grid stability and ensure a non-stop electricity deliver, mainly for the duration of top demand periods or outages.
Restraint: High initial capital investment
The battery testing, inspection, and certification market confronts significant challenges due to the large capital expenditure required. Setting up sophisticated testing facilities and purchasing innovative equipment requires a major financial investment, particularly for smaller TIC service providers. For example, setting up a battery testing laboratory with necessary equipment like battery cyclers, heat chambers, and safety testing tools might cost millions of dollars.
According to About: Energy, testing batteries for EVs is a rigorous procedure, with each testing program typically requiring roughly 1,000 channels for cell testing, which can cost up to USD 7.5 million for cell cycles alone. The channel demand might treble when testing at the module and pack levels, demonstrating the significant cost needed to verify the reliability and safety of EV batteries and highlighting the high capital costs associated with battery testing. This high capital requirement acts as a barrier to entry, limiting the market participation of smaller players and start-ups.
Opportunity: Rising investment in clean energy initiatives
The growing adoption of electric vehicles (EVs) worldwide and rising use of energy storage systems (ESS) is driving the growth and expansion of battery testing, inspection, and certification market. The lithium-ion batteries are adapted due to their higher energy density and longer lifespan, which makes them ideal for EVs and ESS. As more EVs and ESS are adopted, the demand for testing and certification of these batteries to ensure they meet safety and performance standards is on the rise. This necessity is propelling the growth of the TIC market.
Challenge: Complexities associated with next-generation batteries
Rapid advancements in battery technologies are both fueling the expansion of the battery testing, inspection, and certification market and creating significant challenges. Cutting edge designs, materials, and chemical compositions are challenging established testing methods and necessitating the development of fresh approaches. The lack of standard testing procedures for modern battery technologies puts current testing frameworks and technological advancements at odds and highlights the need for adaptable and agile testing protocols.
The increased complexity of next-generation batteries, like solid-state and lithium-sulfur batteries, has made the battery testing, inspection, and certification industry more challenging. These state-of-the-art batteries have unique properties and modes of failure that necessitate specific testing techniques and equipment. To meet these challenges, large expenditures in R&D, specialized education, and new skills are required.
Battery Testing, Inspection, and Certification Market Ecosystem
The major players in the battery testing, inspection, and certification market with a significant global presence include UL LLC(US), SGS SA (Switzerland), Intertek Group plc (UK), Bureau Veritas (France), and DEKRA (Germany). These companies not only boast a comprehensive service portfolio but also have a strong geographic footprint.
Lead-Acid to register second highest CAGR during the forecast period.
One of the oldest types of rechargeable batteries, lead-acid has appreciated qualities in reliability, safety, and cost-effectiveness. They can also deliver very high surge currents after the delivery of their discharge at a stable voltage over some extended time. Compared to newer technologies such as lithium-ion, lead-acid batteries are more robust and less sensitive to overcharging. It consists of positive and negative plates, a separator, and an electrolyte. These batteries are designed to be simple to produce, cost-effective, and with a life expectancy of two to three years. Since these batteries give off high voltage, they find prominence in most standby power systems like in telecommunication equipment, cars, boats, forklifts, and UPS systems. The key players offering lead-acid batteries include Clarios, GS Yuasa International, and Power Sonic Corporation.
Applications range from automotive, for example, starter batteries for internal combustion engine vehicles, to backup power supplies such as uninterruptible power supplies and industrial applications such as in forklifts and telecommunications. They are also used in renewable energy storage systems. Stationary lead–acid batteries IEC 60896 require certification for safety; valve regulated and vented standby UL 1989 certification.
Testing to account for the largest share of battery testing, inspection, and certification market during the forecast period.
It is necessary to test batteries to ensure that they are safe and also for the durability of the battery powering vehicles, appliances, and storage. These different tests range from electrical and mechanical tests to environmental tests, including performance checks against varied conditions like temperature, load, charge-discharge cycles, and so on. This gives the product reliability and helps consumers to be safe by detecting the problem at an early stage, thus making sure the battery is safe to use and meets the required performance. As penetration by EVs grows, accompanied by exponential development in new battery technologies, so does the call for all-rounded battery testing services.
Industrial Equipment to account for the largest share of battery testing, inspection, and certification market during the forecast period.
Industrial equipment applications, including power tools, telecommunication systems, and ESS, represent a significant market for battery testing, inspection, and certification services. Most of these applications typically call for long-life and reliable batteries to reduce losses caused by operational conditioning of the system while minimizing time loss. However, the extremely harsh conditions to which these batteries can be exposed may lead to safety problems due to high temperatures and vibrations. This demands strong testing and certification procedures to prevent problems that could result in fire or explosion and guarantee safe performance.
Moreover, the demands of the Battery Testing, Inspection, and Certification Market are expected to grow significantly due to the cordless and mobile tools segment, integration of ESS into industrial applications, and the requirement for reliable sources of power.
Asia Pacific to account for the largest share during the forecast period.
The largest share of battery testing, inspection, and certification market is dominated by the Asia Pacific, as this region holds well-established battery manufacturers, such as Contemporary Amperex Technology Co., Ltd. (CATL) (China) and BYD Company Ltd. (China), who have made a significant contribution to signing partnership agreements with peers in the industry. Additionally, government initiatives welcoming electric vehicles further accelerate the growth of the market. Here, there is a strong presence of the globally competitive battery manufacturers, with increasing investments from the governments supporting such progression.
Battery Testing, Inspection, and Certification Market by Region
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Key Market Players
The major players in the battery testing, inspection, and certification companies with a significant global presence include UL LLC(US), SGS SA (Switzerland), Intertek Group plc (UK), Bureau Veritas (France), and DEKRA (Germany). These players have adopted various organic and inorganic growth strategies such as service launches and developments, partnerships, collaborations, acquisitions, and joint ventures to strengthen their position in the battery testing, inspection, and certification market.
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Report Metric |
Details |
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Market size available for years |
2020–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million) |
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Segments covered |
By Standard & Certification Type, Battery Type, Service Type, Application, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of World |
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Companies covered |
The key players in the battery testing, inspection, and certification market with a significant global presence include UL LLC (US), SGS SA (Switzerland), Intertek Group plc (UK), TÜV NORD GROUP (Germany), Bureau Veritas (France), DEKRA (Germany), DNV GL (Norway), Eurofins Scientific (Luxembourg), TÜV Rheinland (Germany), TÜV SÜD (Germany). |
Battery Testing, Inspection, and Certification Market Highlights
The study segments the battery testing, inspection, and certification market based on standard and certification type, battery type, service type, application, and market type at the regional and global level.
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Segment |
Subsegment |
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By Standard and Certification Type |
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By Battery Type |
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By Service Type |
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By Application |
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By Region |
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Recent Developments
- In September 2023, UL LLC launched a new safety service for lithium-ion battery-powered aviation GSE, meeting all requirements of UL 5840 standard. This service addresses the hazard of fire, electric shock, and explosion throughout the equipment; it will align with the drive by the aviation sector to replace traditional diesel-powered GSE with electric GSE in a campaign to attain the sustainable goal set on carbon reduction and end the use of diesel-driven vehicles.
- In April 2022, DEKRA introduced a new fast battery test service to corporate customers in Germany. This patented process, validated according to RWTH Aachen University and different vehicle manufacturers, gives in only fifteen minutes an SoH value of the traction batteries with a high accuracy.
- In April 2024, Modern Testing Services, (Dongguan) Limited, which is part of the Eurofins Scientific Toys & Hardlines laboratory network, is happy to introduce a new testing service that modern offers in support of children's products that contain button cell or coin batteries in compliance with 16 CFR 1263.
- In August 2023, TÜV Rheinland, in a joint venture with battery analytics specialist TWAICE, launched the Battery Quick Check GmbH, a certified battery test for battery electric vehicles. This service precisely evaluates the condition of traction batteries in used electric vehicles, providing a detailed State of Health report certified by TÜV Rheinland.
Frequently Asked Questions (FAQs):
What are the key strategies adopted by key companies in the digital radar market?
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% from 2024 to 2029.
Who are the winners in the global battery testing, inspection, and certification market?
Companies such as UL LLC(US), SGS SA (Switzerland), Intertek Group plc (UK), Bureau Veritas (France), and DEKRA (Germany).
Which region is expected to hold the largest market share?
Asia Pacific commands the largest share of the battery testing, inspection, and certification market due to the fact that well-established battery manufacturers, such as Contemporary Amperex Technology Co., Ltd. (CATL) (China) and BYD Company Ltd. (China), are found here and have huge contributions to signing partnership agreements with their peers in the industry. Government initiatives that welcome EVs further accelerate the growth of the market. Here, there is already a very strong presence of globally competitive battery makers and increasing governments investment in supporting such progression.
What are the major drivers and opportunities related to battery testing, inspection, and certification market?
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 are some of the major factors contributing to the market growth.
What are the major strategies adopted by market players?
The key players have adopted service launches, collaborations, acquisitions, and partnerships to strengthen their position in the battery testing, inspection, and certification market.
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The research study involved 4 major activities in estimating the size of the battery TIC market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In secondary research, various secondary sources have been referred to for obtaining the information that was needed for the study. Various secondary sources that were used for the research include, corporate filings such as annual reports, press releases, investor presentations, and financial statements, trade, business, and professional associations, whitepapers, journals, certified publications, and articles from recognized authors and databases.
In the battery TIC market report, the top-down as well as the bottom-up approaches have been used for the estimation of the global market size, along with several other dependent submarkets. The major players in the market were identified with the help of extensive secondary research and their presence in the market was determined using secondary and primary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
Extensive primary research has been conducted after understanding the battery testing, inspection, and certification market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions— North America, Europe, Asia Pacific, and the Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.
After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.
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Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches along with data triangulation methods have been used to estimate and validate the size of the battery testing, inspection, and certification market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
- Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
- Identifying different stakeholders in the battery testing, inspection, and certification market that influence the entire market, along with participants across the supply chain
- Analyzing major providers of TIC service providers for battery products, as well as studying their service portfolios
- Analyzing trends related to the adoption of battery TIC services
- Tracking recent and upcoming market developments, including investments, R&D activities, product launches, collaborations, mergers and acquisitions, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
- Carrying out multiple discussions with key opinion leaders to identify the adoption trends of battery testing, inspection, and certification services in different applications
- Segmenting the overall market into various other market segments
- Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
After arriving at the overall market size through the market size estimation process explained in the earlier section, the overall battery testing, inspection, and certification market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.
Market Definition
The Battery Testing, Inspection, and Certification (TIC) Market encompasses the range of services and processes involved in evaluating and verifying the performance, safety, and compliance of battery products. This market involves rigorous testing against factors such as electrical performance, safety standards, environmental impact, and lifecycle of batteries, among others. These are important services in the achievement of batteries that are regulatory standard-compliant and benchmarked against industry standards to ensure that they are safe for their reliable performance in applications such as EV, consumer electronics, and ESS.
The TIC market acts as a promoter in technological innovation and consumer safety. TIC services are made use of to provide complete testing and certification so that the growth of the battery industry occurs sustainably. With their accredited and testing-based TIC services, the TIC providers help innovation by battery manufacturers about product development while adhering to strict safety and performance standards. It is therefore expected that the role of robust TIC services will become even more pronounced with surging demand for batteries, especially from rapidly growing electric vehicle (EV) and energy storage systenESS markets, throughout the overall growth and reliability in battery market.
Key Stakeholders
- Suppliers of Raw Materials and Manufacturing Equipment
- Battery Manufacturers
- Battery Testing, Inspection, and Certification Service Providers
- End-Product Manufacturers
- Battery Technology Developers
- Research and Development Organizations
- Standard Organizations, Forums, and Associations
- Regulatory Bodies and Government Agencies
- Governments, financial institutions, and investment communities
- Analysts and strategic business planners
The main objectives of this study are as follows:
- To define, describe, and forecast the battery testing, inspection, and certification (TIC) market by standard and certification type, battery type, application, service type, and region, in terms of value
- To describe and forecast the market size for various segments with respect to four main regions: North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
- To forecast the market size for lithium-ion batteries, by application, in terms of capacity
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the battery testing, inspection, and certification market
- To study the complete supply chain and related industry segments for the battery TIC market
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To provide ecosystem analysis, trade analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, regulatory bodies, government agencies, and regulations pertaining to the market under study
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as service launches, collaborations, mergers and acquisitions, agreements, partnerships, and expansion activities carried out by players in the battery testing, inspection, and certification market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World
Company Information:
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Battery Testing, Inspection, and Certification Market