PUBLISHER: Grand View Research | PRODUCT CODE: 1574912
PUBLISHER: Grand View Research | PRODUCT CODE: 1574912
The global battery testing, inspection, and certification market size was estimated at USD 13.48 billion in 2023 and is expected to grow at a CAGR of 18.7% from 2024 to 2030, driven by the increasing adoption of battery-powered technologies across various sectors, including automotive, consumer electronics, and renewable energy. As the demand for high-performance and safe batteries escalates, the need for rigorous testing and certification processes becomes paramount. Battery TIC services ensure that batteries meet regulatory standards and performance criteria, addressing safety concerns and enhancing reliability. The rapid expansion of electric vehicles (EVs) and the rising prevalence of renewable energy storage solutions are key factors propelling market growth.
The advancements in battery technologies, such as solid-state batteries and lithium-sulfur batteries, necessitate specialized testing to validate their performance and safety. Governments and regulatory bodies are also implementing stricter standards and regulations, further boosting the demand for TIC services. The market is characterized by a competitive landscape with numerous players offering a range of services, from performance testing to compliance certification. This growth trajectory is expected to continue as industries seek to innovate and ensure the reliability of their battery systems, driving investment and advancements in the battery TIC sector.
The increasing global adoption of EVs and the expanding use of energy storage systems (ESS) are significantly driving the growth and development of the battery TIC market. Lithium-ion batteries are particularly favored due to their superior energy density and extended lifespan, making them well-suited for both EVs and ESS. As the prevalence of EVs and ESS continues to rise, so does the demand for rigorous testing and certification of these batteries to ensure they comply with safety and performance standards. This growing need for assurance is fueling the expansion of the TIC market.
Global Battery Testing, Inspection, And Certification Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global battery testing, inspection, and certification market report based on service type, standard and certification type, sourcing type, battery type, application, and region.