PUBLISHER: BIS Research | PRODUCT CODE: 1484378
PUBLISHER: BIS Research | PRODUCT CODE: 1484378
Europe Electric Vehicle Battery Formation and Testing Market: Focus on Vehicle Type, Application, Battery Chemistry, Deployment Method, Sourcing, Testing Type, and Country - Analysis and Forecast, 2023-2032
Introduction to Europe Electric Vehicle Battery Formation and Testing Market
The Europe electric vehicle battery formation and testing market (excluding U.K.) was valued at $227.6 million in 2023, and it is expected to grow at a CAGR of 16.76% and reach $917.7 million by 2032. The growth of the electric vehicle battery formation and testing market is anticipated to be propelled by the increasing demand for electric vehicles (EVs) and the necessity to verify the safety, reliability, and performance of EV batteries. With the rapid acceleration in EV adoption, battery manufacturers face the challenge of producing high-quality batteries that adhere to rigorous safety standards.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2032 |
| 2023 Evaluation | $227.6 Million |
| 2032 Forecast | $917.7 Million |
| CAGR | 16.76% |
Market Introduction
The Europe market for electric vehicle (EV) battery formation and testing is experiencing robust growth, driven by stringent EU regulations on emissions and a strong push towards electrification. As European nations commit to reducing their carbon footprint, the demand for EVs has surged, necessitating advanced battery testing and formation processes to ensure safety and performance standards. Key players in the region are investing heavily in R&D to innovate testing methodologies that enhance battery life and efficiency. Moreover, collaborations between automotive manufacturers and technology providers are fostering the development of state-of-the-art testing facilities. This market is further supported by government incentives for EV adoption and the establishment of high-tech manufacturing hubs, positioning Europe as a leader in the shift towards sustainable transportation.
Market Segmentation:
Segmentation 1: by Application
- Manufacturing
- Testing
Segmentation 2: by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Segmentation 3: by Battery Chemistry
- Lithium-Ion
- Others
Segmentation 4: by Sourcing Type
- In-house
- Outsourcing
Segmentation 5: by Deployment Method
- Cloud-Based
- On-Premises
Segmentation 6: by Testing Type
- Mechanical Tests
- Thermal Tests
- Electrical Tests
- Others
Segmentation 7: by Country
- Germany
- Hungary
- Poland
- Sweden
- Rest-of-Europe
How can this report add value to an organization?
Product/Innovation Strategy: The product/innovation strategy for companies in the electric vehicle battery formation and testing market should focus on continuous improvement, differentiated solutions, collaboration, automation, cost reduction, regulatory compliance, talent acquisition, and intellectual property protection. Companies should continuously invest in research and development to stay ahead of the curve, develop specialized testing equipment, partner with industry stakeholders, leverage automation and data analytics, focus on cost-effective battery chemistries, stay informed on regulatory standards, attract, and retain top talent, and protect their intellectual property. By following these key strategies, companies can position themselves for success in this growing and dynamic market.
Growth/Marketing Strategy: The electric vehicle battery formation and testing market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.
Competitive Strategy: The competitive strategy for companies in the electric vehicle battery formation and testing market should be focused on differentiation, cost leadership, and customer focus. Companies should differentiate their products and services by developing specialized testing equipment, offering value-added services, and collaborating with industry partners. They should also focus on cost reduction by developing more efficient manufacturing processes and using less expensive materials. Finally, companies should focus on providing excellent customer service and support to build strong customer relationships. By focusing on these three key areas, companies can gain a competitive edge in the electric vehicle battery formation and testing market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.
Some of the prominent names in this market are:
- Siemens AG
- ABB
- SAP SE
- Dassault Systemes
- Tulip Batteries
- TUV SUD
- Infineon Technologies AG
Table of Contents
Executive Summary
Scope of the Study
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Growing Demand for High-Performance and Reliable Electric Vehicle (EV) Batteries
- 1.1.1.2 Strategic Business Strategies to Enhance Presence in the Electric Vehicle Battery Formation and Testing Market
- 1.1.2 Technology Roadmap
- 1.1.3 Ecosystem/Ongoing Programs
- 1.1.3.1 Consortiums, Associations, and Regulatory Bodies
- 1.1.3.2 Government Initiatives
- 1.1.3.3 Programs by Research Institutions and Universities
- 1.1.4 Key Patent Mapping
- 1.1.4.1 Patent Analysis (by Status)
- 1.1.1 Trends: Current and Future
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Growing Adoption and Utilization of Electric Vehicles
- 1.2.1.2 Improving Electric Vehicle Performance through Accurate Battery Testing
- 1.2.1.3 Stringent Government Regulations on EV Battery Safety and Performance
- 1.2.2 Business Restraints
- 1.2.2.1 Less Adoption of EVs in Many Underdeveloped and Developing Countries
- 1.2.2.2 Supply Chain Uncertainties and Lack of Charging Infrastructure
- 1.2.3 Business Opportunities
- 1.2.3.1 Growing Usage of Emerging Technologies for Battery Testing
- 1.2.3.2 Increase in the Number of Battery Failure Cases in Electric Vehicles
- 1.2.1 Business Drivers
2 Regions
- 2.1 Europe
- 2.1.1 Europe: Country-Level Analysis
- 2.1.1.1 Germany
- 2.1.1.2 Sweden
- 2.1.1.3 Poland
- 2.1.1.4 Hungary
- 2.1.1.5 Rest-of-Europe
- 2.1.1 Europe: Country-Level Analysis
- 2.2 U.K.
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.2 Market Share Analysis
- 3.3 Product/Service Matrix
- 3.4 Company Profiles
- 3.4.1 Siemens AG
- 3.4.1.1 Company Overview
- 3.4.1.2 Product Portfolio
- 3.4.1.3 Analyst View
- 3.4.1.3.1 Regions of Growth
- 3.4.2 ABB
- 3.4.2.1 Company Overview
- 3.4.2.2 Product Portfolio
- 3.4.2.3 Analyst View
- 3.4.2.3.1 Regions of Growth
- 3.4.3 SAP SE
- 3.4.3.1 Company Overview
- 3.4.3.2 Analyst View
- 3.4.3.2.1 Regions of Growth
- 3.4.4 Dassault Systemes
- 3.4.4.1 Company Overview
- 3.4.4.2 Product Portfolio
- 3.4.4.3 Analyst View
- 3.4.4.3.1 Regions of Growth
- 3.4.5 AVEVA Group Limited
- 3.4.5.1 Company Overview
- 3.4.5.2 Product Portfolio
- 3.4.5.3 Analyst View
- 3.4.5.3.1 Regions of Growth
- 3.4.6 Tulip Batteries
- 3.4.6.1 Company Overview
- 3.4.6.2 Product Portfolio
- 3.4.6.3 Analyst View
- 3.4.6.3.1 Regions of Growth
- 3.4.7 TUV SUD
- 3.4.7.1 Company Overview
- 3.4.7.2 Product Portfolio
- 3.4.7.3 Analyst View
- 3.4.7.3.1 Regions of Growth
- 3.4.8 Infineon Technologies AG
- 3.4.8.1 Company Overview
- 3.4.8.2 Product Portfolio
- 3.4.8.3 Analyst View
- 3.4.8.3.1 Regions of Growth
- 3.4.9 Element Materials Technology
- 3.4.9.1 Company Overview
- 3.4.9.2 Product Portfolio
- 3.4.9.3 Analyst View
- 3.4.9.3.1 Regions of Growth
- 3.4.1 Siemens AG
- 3.5 Other Key Companies
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.2 Data Triangulation
- 4.3 Market Estimation and Forecast
- 4.3.1 Factors for Data Prediction and Modeling
List of Figures
- Figure 1: Europe Electric Vehicle Battery Formation and Testing Market, $Billion, 2022-2032
- Figure 2: Europe Electric Vehicle Battery Formation and Testing Market (by Vehicle Type), $Million, 2022-2032
- Figure 3: Europe Electric Vehicle Battery Formation and Testing Market (by Application), $Million, 2022-2032
- Figure 4: Europe Electric Vehicle Battery Formation and Testing Market (by Battery Chemistry), $Million, 2022-2032
- Figure 5: Europe Electric Vehicle Battery Formation and Testing Market (by Sourcing Type), $Million, 2022-2032
- Figure 6: Europe Electric Vehicle Battery Formation and Testing Market (by Deployment Method), $Million, 2022-2032
- Figure 7: Europe Electric Vehicle Battery Formation and Testing Market (by Testing Type), $Million, 2022-2032
- Figure 8: Electric Vehicle Battery Formation and Testing Market (by Region), 2022
- Figure 9: Technology Roadmap for Electric Vehicle Battery Formation and Testing Market
- Figure 10: Total Number of Patent Filed (by Year), January 2020-October 2023
- Figure 11: Patent Analysis (by Status), January 2020-October 2023
- Figure 12: Electric Vehicle Sales Worldwide, 2020-2028
- Figure 13: Electric Vehicle Battery Formation and Testing Market: Competitive Benchmarking, 2022
- Figure 14: Siemens AG: Product Portfolio
- Figure 15: ABB: Product Portfolio
- Figure 16: SAP SE: Product Portfolio
- Figure 17: Dassault Systemes: Product Portfolio
- Figure 18: AVEVA Group Limited: Product Portfolio
- Figure 19: Tulip Batteries: Product Portfolio
- Figure 20: TUV SUD: Product Portfolio
- Figure 21: Infineon Technologies AG: Product Portfolio
- Figure 22: Element Materials Technology: Product Portfolio
- Figure 23: Research Methodology
- Figure 24: Data Triangulation
- Figure 25: Top-Down and Bottom-Up Approach
- Figure 26: Assumptions and Limitations
List of Tables
- Table 1: Europe Electric Vehicle Battery Formation and Testing Market, Overview
- Table 2: Key Companies Profiled
- Table 3: Consortiums, Associations, and Regulatory Bodies
- Table 4: Government Initiatives
- Table 5: Programs by Research Institutions and Universities
- Table 6: Impact of Business Drivers
- Table 7: Impact of Business Restraints
- Table 8: Electric Vehicle Battery Formation and Testing Market (by Region), $Million, 2022-2032
- Table 9: Electric Vehicle Battery Formation and Testing Market Share Analysis, 2022
- Table 10: Electric Vehicle Battery Formation and Testing Market: Product Matrix
