Europe Battery Testing, Inspection, And Certification (tic) Market Size & Outlook
The battery testing, inspection, and certification (tic) market in Europe is expected to reach a projected revenue of US$ 11,757.8 million by 2030. A compound annual growth rate of 17.9% is expected of Europe battery testing, inspection, and certification (tic) market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,702.3
Forecast, 2030 (US$M)
$11,757.8
CAGR, 2024 - 2030
17.9%
Report Coverage
Europe
Europe battery testing, inspection, and certification (tic) market, 2018-2030 (US$M)
Related Markets
Europe battery testing, inspection, and certification (tic) market highlights
- The Europe battery testing, inspection, and certification (tic) market generated a revenue of USD 3,702.3 million in 2023.
- The market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
- In terms of segment, testing was the largest revenue generating service type in 2023.
- Testing is the most lucrative service type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 3,702.3 million |
| Market revenue in 2030 | USD 11,757.8 million |
| Growth rate | 17.9% (CAGR from 2023 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.5% of the global battery testing, inspection, and certification (tic) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,570.1 million by 2030.
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Battery Testing, Inspection, and Certification (TIC) Market Scope
Battery testing, inspection, and certification (tic) market segmentation & scope
Standard and Certification Type
Safety Testing
EMC Testing
Performance Testing
Others
Sourcing Type
In-house
Outsourced
Battery Type
Lithium-ion
Lead-Acid
Nickel-Metal-Hydride
Others
Application
Electric Vehicles
ICE Vehicles
Consumer Electronics
Industrial Equipment
Medical Devices
Other Applications
Battery Testing, Inspection, and Certification (TIC) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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