Battery TIC (Testing Inspection and Certification) Market Expected to Reach USD 89.10 Bn By 2034 with a CAGR of 19.6%
The growing approval of smartphones, tablets, laptops, and other portable gadgets is driving the market demand.
The most recent research study by Polaris Market Research reveals that the battery TIC (testing inspection and certification) market is anticipated to flourish at a stable rate. With a projected CAGR of 19.6%, the market was valued at USD 14.93 billion in 2024. It is ready to grow to USD 89.10 billion by 2034.
๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง:
With a surge in the demand for electric vehicles, the complete battery market is growing rampantly. With restricted resources obtainable and each manufacturer needing a component of the action, it is important for battery developers to function smarter. Battery testing sanctions the dependability and security of battery-fueled gadgets.
Whether it is a car, medical gadget, or smartphone, comprehending a battery's situation is important for prohibiting collapse and maximization performances. Testing plays a crucial part in speeding up production and sustaining justifiable manufacturing prices. The usage of batteries in industrial applications such as forklifts, drones, and automated guided vehicles is pushing the battery TIC (testing inspection and certification) market demand.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/battery-testing-inspection-and-certification-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ข๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ (๐๐๐ฌ๐ญ๐ข๐ง๐ ๐๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง) ๐๐๐ซ๐ค๐๐ญ:
โข Bureau Veritas
โข DEKRA
โข DNV GL
โข Eurofins Scientific
โข Intertek Group plc
โข SGS SA
โข TUV Rheinland
โข TUV NORD GROUP
โข TUV SUD.
โข UL LLC
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โข Escalating Inventions: The growing inventions such as solid-state batteries, lithium-sulfur batteries, and alternate progressive battery chemistries need to be upgraded. TIC deals with sanctioning security and presentation. Additionally, sectors such as data centers, telecommunication, and medical gadgets are growingly dependent on extensive, dependable batteries to sanction ongoing power supply, boosting the demand for battery TIC (testing inspection and certification) market growth.
โข Growing Acquisition of Electric Car: The growing acquisition of electric vehicles is notably driving the demand for the market. For instance, as per the EIA, the electric car market disclosed strong growth, with over 14 million sales in 2023. The market share for electric cars commensurate to aggregate sales elevated from roughly 4% in 2020 to 18% in 2023. In the first quarter of 2024, the electric vehicle industry outlined a notable rise with over 3 million units disbursed, labeling an outstanding 25% sure in contrast to a correlating period in the previous year.
โข Expansion of Green Sources: The augmentation of green sources such as solar and wind power calls for methodical energy reservation solutions. For instance, the US battery storage bounced from 47 MW in 2010 to 17,380 MW in 2023. This needs conscientious TIC procedures to sanction that batteries utilized in these systems encounter strict security, presentation and administrative directives.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/battery-testing-inspection-and-certification-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
By Standard and Certification Type Outlook (Revenue - USD Billion, 2020 - 2034)
โข EMC Testing
โข Performance Testing
โข Safety Testing
โข Electrical Testing
โข Mechanical Testing
โข Environmental Testing
โข Other Testing
โข Others
By Battery Type Outlook (Revenue - USD Billion, 2020 - 2034)
โข Lead Acid
โข Lithium-Ion
โข Nickel Metal Hydride
โข Others
By Service Type Outlook (Revenue - USD Billion, 2020 - 2034)
โข Testing
โข Inspection
โข Certification
By Application Outlook (Revenue - USD Billion, 2020 - 2034)
โข Consumer Electronics
โข Electric Vehicles
โข Industrial Equipment
โข Internal Combustion Engine Vehicles
โข Others
โข The battery TIC (testing inspection and certification) market segmentation is based on standard and certification type, battery type, service type, application, and region.
โข By application analysis, the industrial equipment segment held the largest market share. This is due to speedy industrialization in surfacing countries. Industrial tools frequently function in ambiances where reliability and continuous power are important.
โข By type analysis, the lithium-ion battery segment is poised to register a significant CAGR. Lithium-ion batteries are broadly utilized in consumer electronics such as smartphones, laptops, tablets, and wearables due to their elevated energy solidity and prolonged life cycle.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/battery-testing-inspection-and-certification-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The research report covers all the major regions and sub-regions of the battery TIC (testing inspection and certification) market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
โข Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of notable funding in infrastructure advancements especially in conveyance and energy sectors. Additionally, the growing population and speedy urbanization in nations such as China, India, and Southeast Asia caused escalated demand for healthcare services and medical gadgets.
โข North America: North America is anticipated to witness the fastest CAGR from 2025 to 2034. The regionโs requirement for progressive TIC services to verify contemporary technologies and sanction they encounter industry standards fuels the regional market expansion.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐'๐ฌ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ (๐๐๐ฌ๐ญ๐ข๐ง๐ ๐๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง) ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
The global battery TIC (Testing Inspection and Certification) industry is expected to reach USD 89.10 billion by 2034, exhibiting a CAGR of 19.6% during the forecast period.
๐ ๐๐๐ฌ:
How much is the battery TIC (testing inspection and certification) market?
The market size was valued at USD 14.93 billion in 2024.
What is the growth rate of the battery TIC (testing inspection and certification) market?
The global market is projected to register at a CAGR of 19.6% during the forecast period 2025-2034.
Which region held the largest market share?
Asia Pacific had the largest share of the global market.
Which application led the market?
The industrial equipment category dominated the market in 2024.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMRโs clientele spread across different enterprises. We at Polaris are obliged to serve PMRโs diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMRโs customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMRโs customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
sales@polarismarketresearch.com
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