According to Tanalyze Analysis, the Europe electric vehicle (EV) battery formation and testing market are poised for significant growth, with a projected compound annual growth rate (CAGR) of 15.1%, reaching USD 711.1 million by 2029. This market segment is crucial for developing and enhancing batteries specifically designed for electric vehicles (EVs), impacting factors like range and charging speed. Ongoing advancements in battery technologies, including lithium-ion and emerging solid-state batteries, aim to improve energy density, durability, and cost-effectiveness.
The report provides insights into the segmentation of the Europe 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.
Furthermore, the market is 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 trajectory presents an opportunity for industry transformation, with the segment expected to grow at a CAGR of 15.4% 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 Europe 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: Germany, UK, Sweden, Poland, and Rest of Europe.
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. Europe EV Battery Formation and Testing Market by Vehicle Type 22
Passenger Cars 25
Commercial Vehicles 27
Part 6. Europe EV Battery Formation and Testing Market by Application 28
Manufacturing 31
Testing 32
Part 7. Europe EV Battery Formation and Testing Market by Battery Type 33
Lithium-Ion 37
Other Battery 38
Part 8. Europe EV Battery Formation and Testing Market by Deployment 39
Cloud-based 42
On-Premises 43
Part 9. Europe EV Battery Formation and Testing Market by Sourcing 44
In-house 47
Outsourcing 48
Part 10. Europe EV Battery Formation and Testing Market by Testing 49
Mechanical Testing 53
Thermal Testing 54
Electrical Testing 56
Other Testing 58
Part 11. Europe EV Battery Formation and Testing Market by Country 60
Germany 63
UK 64
Sweden 66
Poland 67
Rest of Europe 68
Part 12. EV Battery Formation and Testing Market Competitive Analysis 70
Global EV Battery Formation and Testing Market Competition Overview 70
Emerson Electric Co. 71
Business Overview 71
Contact Information 74
ABB, Ltd. 75
Business Overview 75
Contact Information 78
Rockwell Automation, Inc. 79
Business Overview 79
Contact Information 82
Siemens AG 83
Business Overview 83
Contact Information 85
Infineon Technologies AG 86
Business Overview 86
Contact Information 88
Dassault Systèmes SE 89
Business Overview 89
Contact Information 91
Other Leading Competitors 92
Disclaimer 93
FIGURES AND TABLES
Europe EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Vehicle Type, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Vehicle Type, 2023/2029
Europe EV Battery Formation and Testing Market by Vehicle Type, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for Passenger Cars: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Commercial Vehicles: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Application, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Application, 2023/2029
Europe EV Battery Formation and Testing Market by Application, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for Manufacturing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Testing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Battery Type, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Battery Type, 2023/2029
Europe EV Battery Formation and Testing Market by Battery Type, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for Lithium-Ion: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Other Battery: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Deployment, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Deployment, 2023/2029
Europe EV Battery Formation and Testing Market by Deployment, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for Cloud-based: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for On-Premises: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Sourcing, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Sourcing, 2023/2029
Europe EV Battery Formation and Testing Market by Sourcing, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for In-house: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Outsourcing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Testing, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Testing, 2023/2029
Europe EV Battery Formation and Testing Market by Testing, CAGR Historic and Forecast, 2020-2029
Europe EV Battery Formation and Testing Market for Mechanical Testing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Thermal Testing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Electrical Testing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market for Other Testing: 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market by Country, 2020-2029 (USD Million)
Europe EV Battery Formation and Testing Market Share (%), by Country, 2023/2029
Europe EV Battery Formation and Testing Market by Country, CAGR Historic and Forecast, 2020-2029
Germany EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
UK EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Sweden EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Poland EV Battery Formation and Testing Market, Net Growth, 2020-2029 (USD Million)
Rest of Europe 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