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Battery TIC Market Battery TIC (Testing Inspection and Certification) Market Size Worth USD 89.10 billion by 2034 | CAGR: 19.6% Battery TIC (Testing Inspection and Certification) Market Size, Share, Trends, Industry Analysis Report: By Standard and Certification Type, Battery Type, Service Type (Testing, Inspection, and Certification), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025 – 2034
Battery TIC Market • The global Battery TIC Market size was valued at USD 14.93 billion in 2024. The market is projected to grow from USD 17.83 billion in 2025 to USD 89.10 billion by 2034, exhibiting a CAGR of 19.6% during the forecast period. Request To Sample : https://www.polarismarketresearch.com/industry-analysis/battery- testing-inspection-and-certification-market/request-for-sample
Battery TIC Market Key Market Players : • Bureau Veritas • DEKRA • DNV GL • Eurofins Scientific • Intertek Group plc • SGS SA • TUV Rheinland • TUV NORD GROUP • TUV SUD. • UL LLC
Battery TIC Market Battery TIC Market Report Highlights: • In 2024, the industrial equipment segment accounted for the largest revenue share in the battery TIC market due to the increasing demand for reliable and safe battery- powered machinery and equipment across various industries, necessitating rigorous testing, inspection, and certification services. • The lithium-ion segment is growing at the highest CAGR due to its widespread adoption in electric vehicles, consumer electronics, and renewable energy storage solutions, driven by its high energy density, longer lifespan, and improved safety features. • In 2024, Asia Pacific accounted for the largest market share in the battery TIC market due to the rapid expansion of the healthcare sector in the region. • North America is expected to grow at the highest CAGR during the forecast period due to the significant expansion of the electric vehicle market in the region, which contributes to an increased need for comprehensive battery TIC services. • The global key market players include Bureau Veritas, DEKRA, DNV GL, Eurofins Scientific, Intertek Group plc, SGS SA, TUV Rheinland, TUV NORD GROUP, TUV SUD., UL LLC.
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