Home > Automotive > Automotive Technology > Automotive Software > Battery Testing, Inspection, and Certification (TIC) Market

Battery Testing, Inspection, and Certification (TIC) Market Share

Report ID: GMI11668
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Battery Testing, Inspection, and Certification Market Share

To get key market trends

Download Free Sample

Eurofins Scientific, Bureau Veritas, and SGS SA collectively held a substantial market share of over 9% in the battery testing, inspection, and certification (TIC) industry in 2023. Eurofins Scientific focuses on expanding its service portfolio through strategic partnerships and acquisitions. By integrating advanced analytical techniques, Eurofins aims to provide comprehensive testing solutions that cater to emerging battery technologies, such as lithium-ion and solid-state batteries.

Bureau Veritas emphasizes sustainability and regulatory compliance, targeting industries transitioning to electric vehicles and renewable energy. Their strategy includes developing specialized services that address environmental impacts, helping clients meet stringent regulations and enhance product safety.

SGS SA adopts a customer-centric approach, investing in R&D to innovate testing methodologies. By offering tailored solutions and enhancing their global footprint, SGS aims to streamline certification processes, making them more efficient and accessible for manufacturers.

Battery Testing, Inspection, and Certification Market Companies

Major players operating in the battery testing, inspection, and certification (TIC) industry are:

Applus+
Bureau Veritas
DEKRA
Eurofins Scientific
Intertek Group plc
SGS SA
TUV Nord
TUV Rheinland
TUV SUD
UL LLC

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of battery testing, inspection, and certification (TIC) reached USD 13.6 billion in 2023 and is set to grow at a CAGR of 7.3% between 2024 and 2032.

In 2023, the testing segment accounted for over 65% of the market share and is expected to exceed USD 15 billion by 2032.

The in-house segment held around 68% of the market share in 2023, propelled by increasing investment by manufacturers in testing capabilities.

Europe region accounted for a market share of over 35% in 2023 and is set to cross USD 7.5 billion by 2032.

Major players in the market include Applus+, Bureau Veritas, DEKRA, Eurofins Scientific, Intertek Group plc, SGS SA, TUV Nord, TUV Rheinland, TUV SUD, and UL LLC.