Electric Vehicle Battery Testing, Inspection, and Certification Market to Reach $13.24 Billion by 2034 – BIS Research

Market Overview: 

Market Size and Growth Rate 

The EV battery TIC market is projected to grow at a compound annual growth rate (CAGR) of 16.95% over the forecast period, escalating from $2.77 billion in 2024 to $13.24 billion by 2034.  

Trends & Innovation 

The market is witnessing a rise in demand for comprehensive testing protocols due to the increasing complexity of EV battery systems. Innovations in battery chemistries, such as solid-state batteries, necessitate advanced testing methodologies. Additionally, the integration of AI and IoT in testing processes is enhancing efficiency and accuracy. 

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Key Highlights: 

Report USP: 

• Detailed analysis of market drivers, challenges, and opportunities 
• Comprehensive segmentation by service type, sourcing type, and region 
• Profiles of key players with insights into their strategic initiatives 
• Assessment of emerging trends and technological advancements 

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Demand Drivers, Challenges & Opportunities 

Market Demand Drivers: Surge in Electric Vehicle Sales Driving Need for Certified Battery Solutions 

The accelerating adoption of electric vehicles (EVs) is fueling the demand for high-quality, certified batteries, as regions around the world prioritize sustainable transportation. The International Energy Agency (IEA) projects that China will lead global EV sales in 2024 with approximately 10 million units sold, even in the absence of NEV purchase subsidies. Competitive pricing and an expanding range of affordable EV models are expected to propel a 25% year-over-year growth, with EVs accounting for nearly 45% of total car sales in China. Meanwhile, the U.S. market is forecast to grow by 20%, and EVs in Europe are expected to comprise about 25% of all new vehicle registrations. This growing momentum underscores the critical need for batteries that are not only reliable but also thoroughly tested and certified for safety and performance. 

Market Challenges: Steep Costs of Advanced Testing Infrastructure 

One of the primary obstacles in the EV battery testing, inspection, and certification (TIC) market is the significant financial burden associated with high-end testing infrastructure. Facilities require specialized equipment such as thermal chambers, high-voltage testing systems, and advanced diagnostic tools—each demanding substantial capital investment. Moreover, ongoing maintenance, calibration, and the need for technically skilled personnel further increase operational costs. These high expenses can be a major barrier for smaller players in the market, potentially hindering broader access to comprehensive battery certification services at a time when demand is rapidly rising. 

Market Opportunities: Breakthroughs in Next-Gen Battery Technologies 

The rapid advancement of next-generation battery technologies offers a major opportunity to enhance EV performance, reduce costs, and support market expansion. A notable example is Panasonic Energy Co., Ltd., which in September 2024 announced plans to scale mass production of its 4680 cylindrical lithium-ion batteries at its Wakayama plant in Japan. These innovative cells deliver five times the capacity of standard 2170 batteries, enabling longer vehicle ranges and reducing the total number of cells required in a battery pack. The streamlined design not only lowers production costs but also simplifies battery assembly, paving the way for more affordable and accessible electric vehicles. This trend signals a broader industry shift toward high-capacity, next-gen battery solutions aligned with growing global demand. 

Market Segmentation: 

Segmentation 1: Vehicle Type based segmentation 

•    Passenger Vehicles 

•    Commercial Vehicles 

Segmentation 2: Stage Type based segmentation 

•    Pre-Production Testing 

•    Post-Production Testing 

Segmentation 3: Battery Type based segmentation 

•    Lithium-Ion 

•    Lead Acid 

•    Others 

Segmentation 4: Service Type based segmentation 

•    Testing 

•    Inspection 

•    Certification 

Segmentation 5: Sourcing Type based segmentation 

•    In-House 

•    Outsourced 

Segmentation 6: Propulsion Type based segmentation 

•    Battery Electric Vehicles (BEVs) 

•    Plug-In Hybrid Electric Vehicles (PHEVs) 

•    Hybrid Electric Vehicles (HEVs) 

Segmentation 7: Testing Parameter Type based segmentation 

•    Electrical Testing 

•    Mechanical Testing 

•    Thermal Testing 

•    Electromagnetic Compatibility (EMC) Testing 

•    Chemical Testing 

•    Others 

Segmentation 8: Region based segmentation 

•    North America: U.S., Canada, Mexico 

•    Europe: Germany, France, U.K., Spain, Sweden, Poland, Rest-of-Europe 

•    Asia-Pacific: China, Japan, India, South Korea, Rest-of-Asia-Pacific 

•    Rest-of-the-World 

Competitive Landscape: 

Key Players 

•    DEKRA SE 

•    TÜV SÜD 

•    SGS Société Générale de Surveillance SA 

•    Applus+ 

•    Bureau Veritas 

•    Intertek Group plc 

•    UL LLC 

•    Eurofins Scientific 

•    TÜV Rheinland 

•    VDE Renewables GmbH 

•    The Hong Kong Standards and Testing Centre Limited 

•    TÜV NORD GROUP 

•    DNV GL 

•    Element Materials Technology 

•    ATIC (Guangzhou) Co., Ltd. 

Strategic Initiatives 

These companies are engaging in strategic partnerships, acquisitions, and investments in advanced testing technologies to expand their service offerings and global presence. For instance, collaborations with EV manufacturers to develop customized testing protocols are becoming increasingly common. 

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Case Studies & Success Stories: 

A notable example is TÜV SÜD's collaboration with a leading EV manufacturer to establish a state-of-the-art battery testing facility in Asia. This partnership enabled the manufacturer to accelerate its product development cycle while ensuring compliance with international safety standards. Similarly, SGS Group's investment in AI-driven testing platforms has enhanced its service efficiency, leading to increased client satisfaction and market share. 

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