The Asia Pacific electric vehicle (EV) battery formation and testing market is set for significant growth, with a projected compound annual growth rate (CAGR) of 16.2%, reaching USD 4,006.5 million by 2029, as per Tanalyze Analysis. This market segment plays a critical role in developing and improving batteries specifically tailored for electric vehicles (EVs), impacting factors such as range and charging speed. Ongoing advancements in battery technologies, including lithium-ion and emerging solid-state batteries, aim to enhance energy density, durability, and cost-effectiveness.
The report provides insights into the segmentation of the Asia Pacific EV battery formation and testing market by vehicle type, focusing on passenger cars and commercial vehicles, with passenger cars dominating the market segment in 2023. The increasing global adoption of fully electric commercial vehicles, aligned with sustainability goals, is driving demand for battery formation and testing services to ensure the reliability of heavy-duty commercial EVs.
Moreover, the market is segmented by battery type, with lithium-ion batteries leading the market in 2023. The competitive battery market landscape is compelling companies to deliver cost-effective, high-performance batteries. This growth trajectory presents an opportunity for industry transformation, with the segment expected to grow at a CAGR of 16.6% from 2024 to 2029.
Key players influencing 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., among others.
This study aims to analyze the Asia Pacific 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: China, Japan, India, South Korea, and Rest of Asia Pacific.
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 16
Part 4. Market Dynamics 18
Growth Drivers 18
Restraints and Challenges 20
Opportunities 21
Future Trends 22
Part 5. Asia Pacific EV Battery Formation and Testing Market by Vehicle Type 23
Passenger Cars 26
Commercial Vehicles 28
Part 6. Asia Pacific EV Battery Formation and Testing Market by Application 29
Manufacturing 32
Testing 33
Part 7. Asia Pacific EV Battery Formation and Testing Market by Battery Type 34
Lithium-Ion 38
Other Battery 39
Part 8. Asia Pacific EV Battery Formation and Testing Market by Deployment 40
Cloud-based 43
On-Premises 44
Part 9. Asia Pacific EV Battery Formation and Testing Market by Sourcing 45
In-house 48
Outsourcing 49
Part 10. Asia Pacific EV Battery Formation and Testing Market by Testing 50
Mechanical Testing 54
Thermal Testing 55
Electrical Testing 57
Other Testing 59
Part 11. Asia Pacific EV Battery Formation and Testing Market by Country 61
China 64
Japan 65
South Korea 66
India 67
Rest of Asia Pacific 68
Part 12. EV Battery Formation and Testing Market Competitive Analysis 69
Global EV Battery Formation and Testing Market Competition Overview 69
Emerson Electric Co. 70
Business Overview 70
Contact Information 73
ABB, Ltd. 74
Business Overview 74
Contact Information 77
Rockwell Automation, Inc. 78
Business Overview 78
Contact Information 81
Siemens AG 82
Business Overview 82
Contact Information 84
Infineon Technologies AG 85
Business Overview 85
Contact Information 87
Dassault Systèmes SE 88
Business Overview 88
Contact Information 90
Other Leading Competitors 91
Disclaimer 92
FIGURES AND TABLES
Asia Pacific EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Vehicle Type, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Vehicle Type, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Vehicle Type, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for Passenger Cars: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Commercial Vehicles: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Application, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Application, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Application, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for Manufacturing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Testing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Battery Type, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Battery Type, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Battery Type, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for Lithium-Ion: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Other Battery: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Deployment, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Deployment, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Deployment, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for Cloud-based: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for On-Premises: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Sourcing, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Sourcing, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Sourcing, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for In-house: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Outsourcing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Testing, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Testing, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Testing, CAGR Historic and Forecast, 2020-2029
Asia Pacific EV Battery Formation and Testing Market for Mechanical Testing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Thermal Testing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Electrical Testing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market for Other Testing: 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market by Country, 2020-2029 (USD Million)
Asia Pacific EV Battery Formation and Testing Market Share (%), by Country, 2023/2029
Asia Pacific EV Battery Formation and Testing Market by Country, CAGR Historic and Forecast, 2020-2029
China EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Japan EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
South Korea EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
India EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Rest of Asia Pacific 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