According to Tanalyze Analysis, the North America electric vehicle (EV) battery formation and testing market are expected to grow significantly, with a projected compound annual growth rate (CAGR) of 22.0%, reaching USD 431.7 million by 2029. This market segment plays a vital role in developing and improving batteries specifically tailored for electric vehicles (EVs), influencing factors like range and charging speed. Ongoing innovation in battery technologies, including lithium-ion and emerging solid-state batteries, aims to enhance energy density, durability, and cost-effectiveness.
The report delves into the segmentation of the North America EV battery formation and testing market by vehicle type, focusing on passenger cars and commercial vehicles. In 2023, passenger cars dominated this market segment. The increasing adoption of fully electric commercial vehicles globally, aligned with sustainability goals, is driving demand for battery formation and testing services to ensure the reliability of heavy-duty commercial EVs.
The market is further segmented by battery type, with lithium-ion batteries leading the market in 2023. The competitive battery market landscape is pushing companies to deliver cost-effective, high-performance batteries. This growth presents an opportunity for industry transformation, with the segment expected to grow at a CAGR of 22.2% from 2024 to 2029.
Key players shaping the market’s dynamics include Emerson Electric Co., ABB Ltd., Rockwell Automation, Inc., Siemens AG, Infineon Technologies AG, Dassault Systèmes SE, Texas Instruments Incorporated, Analog Devices, Inc., SAP SE, General Electric Company, HORIBA, Ltd., TÜV Süd AG, Element Materials Technology, Ltd., AVEVA Group plc, Cognex Corporation, Vicor Corporation, Benning Elektrotechnik und Elektronik GmbH & Co. KG, Mitsubishi Electric Corporation, Chroma ATE Inc., and others.
This study aims to analyze the North America market for various segments of EV battery formation and testing, including:
Vehicle Type: Passenger Cars and Commercial Vehicles.
Application: Manufacturing and Testing.
Battery Type: Lithium-Ion and Other Battery.
Deployment: Cloud-based and On-Premises.
Sourcing: In-house and Outsourcing.
Testing: Transportation and Manufacturing.
Region: USA, Canada, and Mexico.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 7
Part 2. Scope and Methodology 8
Report Scope 9
Vehicle Type 9
Application 9
Battery Type 9
Deployment 9
Sourcing 9
Testing 9
Region 9
Research Methodology 11
Part 3. EV Battery Formation and Testing Market Overview 13
Summary 13
Introduction 15
Part 4. Market Dynamics 17
Growth Drivers 17
Restraints and Challenges 19
Opportunities 20
Future Trends 21
Part 5. North America EV Battery Formation and Testing Market by Vehicle Type 22
Passenger Cars 25
Commercial Vehicles 27
Part 6. North America EV Battery Formation and Testing Market by Application 28
Manufacturing 31
Testing 32
Part 7. North America EV Battery Formation and Testing Market by Battery Type 33
Lithium-Ion 37
Other Battery 38
Part 8. North America EV Battery Formation and Testing Market by Deployment 39
Cloud-based 42
On-Premises 44
Part 9. North America EV Battery Formation and Testing Market by Sourcing 45
In-house 48
Outsourcing 49
Part 10. North America EV Battery Formation and Testing Market by Testing 50
Mechanical Testing 54
Thermal Testing 55
Electrical Testing 57
Other Testing 59
Part 11. North America EV Battery Formation and Testing Market by Country 61
USA 64
Canada 65
Mexico 66
Part 12. EV Battery Formation and Testing Market Competitive Analysis 67
Global EV Battery Formation and Testing Market Competition Overview 67
Emerson Electric Co. 68
Business Overview 68
Contact Information 71
ABB, Ltd. 72
Business Overview 72
Contact Information 75
Rockwell Automation, Inc. 76
Business Overview 76
Contact Information 79
Siemens AG 80
Business Overview 80
Contact Information 82
Infineon Technologies AG 83
Business Overview 83
Contact Information 85
Dassault Systèmes SE 86
Business Overview 86
Contact Information 88
Other Leading Competitors 89
Disclaimer 90
FIGURES AND TABLES
North America EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Vehicle Type, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Vehicle Type, 2023/2029
North America EV Battery Formation and Testing Market by Vehicle Type, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for Passenger Cars: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Commercial Vehicles: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Application, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Application, 2023/2029
North America EV Battery Formation and Testing Market by Application, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for Manufacturing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Testing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Battery Type, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Battery Type, 2023/2029
North America EV Battery Formation and Testing Market by Battery Type, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for Lithium-Ion: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Other Battery: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Deployment, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Deployment, 2023/2029
North America EV Battery Formation and Testing Market by Deployment, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for Cloud-based: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for On-Premises: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Sourcing, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Sourcing, 2023/2029
North America EV Battery Formation and Testing Market by Sourcing, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for In-house: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Outsourcing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Testing, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Testing, 2023/2029
North America EV Battery Formation and Testing Market by Testing, CAGR Historic and Forecast, 2020-2029
North America EV Battery Formation and Testing Market for Mechanical Testing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Thermal Testing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Electrical Testing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market for Other Testing: 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market by Country, 2020-2029 (USD Million)
North America EV Battery Formation and Testing Market Share (%), by Country, 2023/2029
North America EV Battery Formation and Testing Market by Country, CAGR Historic and Forecast, 2020-2029
USA EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Canada EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Mexico EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Global EV Battery Formation and Testing Market Share (%), by Top Players, 2023
Emerson Electric Co. Financial Overview (USD Million), 2019-2023
Emerson Electric Co. Revenue, by Segment, 2023
Emerson Electric Co. Intelligent Devices Revenue, by Segment, 2023
Emerson Electric Co. Software and Control Revenue, by Segment, 2023
ABB, Ltd. Financial Overview (USD Million), 2019-2023
ABB, Ltd. Revenue, by Type, 2023
ABB, Ltd. Revenue, by Segment, 2023
ABB, Ltd. Revenue, by Product, 2023
ABB, Ltd. Revenue, by Region, 2023
Rockwell Automation, Inc. Financial Overview (USD Million), 2019-2023
Rockwell Automation, Inc. Revenue, by Segment, 2023
Rockwell Automation, Inc. Revenue, by Type, 2023
Rockwell Automation, Inc. Revenue, by Region, 2023
Siemens AG Financial Overview (EUR Million), 2019-2023
Siemens AG Revenue, by Segment, 2023
Siemens AG Revenue, by Region, 2023
Infineon Technologies AG Financial Overview (EUR Million), 2019-2023
Infineon Technologies AG Revenue, by Segment, 2023
Infineon Technologies AG Revenue, by Region, 2023
Dassault Systèmes SE Financial Overview (EUR Million), 2019-2023
Dassault Systèmes SE Revenue, by Segment, 2023
Dassault Systèmes SE Revenue, by Region, 2023