Global EV Battery Testing Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global EV Battery Testing Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The battery is the key component of the electric vehicle. As demand for electric cars and vehicles increases, manufacturers need to be confident the high-voltage batteries they use meet international standards for safety, reliability, endurance, and performance.

EV battery testing services ensure that the batteries, cells, chargers, and electrical components for use in e-mobility, comply with global safety requirements and performing reliably.

Market Overview:

The latest research study on the global EV Battery Testing Service market finds that the global EV Battery Testing Service market reached a value of USD 512.26 million in 2022. It’s expected that the market will achieve USD 1333.56 million by 2028, exhibiting a CAGR of 17.29% during the forecast period.

Market Drivers and Impact

The potential of electric vehicles is exciting, especially in terms of environmental impact. More and more enterprises regard sustainable development as the top priority. Research shows that paying attention to ecology can translate into sales growth. The same is true in the field of electric vehicles.

According to the data of the International Energy Agency, the sales of electric vehicles remained strong until 2021, and remained strong until 2022. IEA stated in its report Global EV Outlook 2022 that “Sales of electric cars (including fully electric and plug-in hybrids) doubled in 2021 to a new record of 6.6 million, with more now sold each week than in the whole of 2012. Despite strains along global supply chains, sales kept rising strongly into 2022, with 2 million electric cars sold worldwide in the first quarter, up by three-quarters from the same period a year earlier. The number of electric cars on the world’s roads by the end of 2021 was about 16.5 million, triple the amount in 2018.”

In China, electric car sales nearly tripled in 2021 to 3.3 million, accounting for about half of the global total. Sales also grew strongly in Europe (increasing by 65% to 2.3 million) and the United States (more than doubling to 630 000).

With the increase of the number of electric vehicles in the world, the demand for EV Battery Testing Service is also increasing. This will bring certain opportunities to the development of EV Battery Testing Service industry.

Electric vehicle (EV) battery is considered to be the most important component of EV, accounting for 30%-40% of the whole vehicle cost, and its performance directly affects the endurance and safety of EV. During its service life, the battery and its subsystems (such as connection and cooling system) will age. The consequences may range from battery performance loss to complete failure. In addition, batteries in electric and hybrid vehicles have various sizes, shapes, weights and chemical compositions. This makes it essential to test the battery of electric vehicle to verify its durability, safety and reliability.

The performance and reliability of the battery are very important to ensure the quality of the whole electric vehicle. Therefore, it is very important for manufacturers to pay attention to the best quality, safety performance and efficiency. In addition, the quality and performance of batteries will directly affect the brand image, marketability and profit of EV manufacturers. The rapid development of battery technology makes it very difficult to improve the verification speed, and requires high capital investment and resources to meet the time-to-market commitment and cost expectations of products. Electric vehicle battery testing service can ensure that the batteries, batteries, chargers and electrical components used by manufacturers for electric vehicles meet global safety requirements and operate reliably.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview:

The top three companies are TÜV SÜD, UL, Element with the revenue market share of 11.41%, 8.12%, 6.67% in 2021.

TÜV SÜD provides industrial maintenance services. The Company offers consulting, testing, inspection, certification, and training services.

July 08, 2021 -- TÜV SÜD recently entered into a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL), a global leader in the development and manufacturing of lithium-ion batteries. The two parties reached a consensus on overseas market compliance, production safety risk assessment, supply chain management, battery product safety, and sustainable development, with the aim of advancing side by side along the road of healthy and safe development of a new energy industry.

UL, LLC is a global safety certification company headquartered in Northbrook, Illinois. Established in 1894 as the Underwriters' Electrical Bureau (a bureau of the National Board of Fire Underwriters), it was known throughout the 20th century as Underwriters Laboratories and participated in the safety analysis of many of that century's new technologies.

May 20, 2021 -- UL opened the UL EV Charging Test Center in Frankfurt/ Neu-Isenburg. Representing one of the most important EV charging testing footprints in Europe with comprehensive range of services, the facility includes charging infrastructure components and functional safety testing and certification as well as homologation services, all in one location. Combined, the UL EV Charging Test Center adds significantly more testing capacity to the European market and empowers the electric vehicle charging industry, including EV charging and component manufacturers, infrastructure owners and start-ups with shorter development cycles, a faster time-to-market and the ability to be more competitive in the global marketplace, due to the facility’s advanced technology testing and Central European location.

Segmentation Overview:

Among different product types, Battery Safety and Battery Abuse Testing segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicle segment occupied the biggest share from 2018 to 2022.

Key Companies in the global EV Battery Testing Service market covered in Chapter 3:

Element
BV CPS
JOT Automation
UL
Millbrook
Mobile Power Solutions
TÜV SÜD
Intertek Group plc
ESPEC
SGS S.A.

In Chapter 4 and Chapter 14.2, on the basis of types, the EV Battery Testing Service market from 2018 to 2029 is primarily split into:

Battery Safety and Battery Abuse Testing
Battery Performance and Lifecycle Testing
Battery Environmental and Durability Testing

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the EV Battery Testing Service market from 2018 to 2029 covers:

Passenger Vehicle
Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)