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Electric Vehicle Battery Formation and Testing Market Trends

  • Report ID: GMI11547
  • Published Date: Sep 2024
  • Report Format: PDF

Electric Vehicle Battery Formation and Testing Market Trends

As EV consumers demand quicker charging times and longer driving ranges, manufacturers are developing high-power, fast-charging batteries. These advanced batteries require specialized formation and testing protocols to ensure they handle increased energy throughput safely and durably. The push for fast-charging capabilities intensifies demands on testing systems, driving the need for equipment that can simulate high-energy cycles and rapid charge-discharge conditions.
 

Specialized testing and formation equipment are crucial for ensuring battery performance and safety. These systems replicate extreme conditions, such as high energy input, to evaluate the battery's fast-charging capabilities. Rigorous testing enables manufacturers to ensure that high-power batteries can endure real-world usage without compromising longevity, safety, or efficiency.
 

For instance, in July 2023, TUV SUD launched a state-of-the-art environmental laboratory in Auburn Hills, Michigan. This facility highlights the company's commitment to enhancing quality and performance standards in electric vehicle battery and system solutions. The laboratory will support the growing EV market and the trend of increasing battery sizes.
 

The increasing diversity in battery chemistries, from lithium-ion to emerging solid-state batteries, complicates the testing process. Each chemistry has distinct requirements for formation, testing, and safety protocols. For instance, solid-state batteries, despite their promise, necessitate new testing methodologies due to their unique properties. This complexity forces manufacturers to continuously upgrade their testing equipment and methodologies, escalating costs and operational challenges. Additionally, testing equipment must be highly adaptable to accommodate new chemistries, increasing engineering and R&D difficulties. Failure to adapt could result in inaccurate test results, compromising battery safety and performance, which is critical for end-user trust and regulatory compliance.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric vehicle battery formation and testing reached USD 1.9 billion and is set to grow at a CAGR of over 17.6% between 2024 and 2032, led by innovations in battery technologies like solid-state and advanced lithium-ion batteries.

Lithium-ion (Li-ion) batteries dominate the market, holding around 74% of the share in 2023, benefitting from advancements in energy density, high-nickel cathodes, and silicon anodes, which enhance electric vehicle performance by extending driving ranges and reducing charging times.

The Asia Pacific region accounted for over 46% of the market share in 2023 and is projected to exceed USD 4 billion by 2032. China leads the market due to its status as the largest EV manufacturer and battery producer, while Japan and South Korea focus on technological advancements.

Major players in the market include Ador Digatron Pvt. Ltd., Arbin Instruments, AVL, Bitrode Corporation, Chroma ATE Inc., Keysight Technologies, and Maccor Inc.

Electric Vehicle Battery Formation and Testing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 180
  • Countries covered: 21
  • Pages: 200
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