Battery Testing Equipment Market Challenges by Top Players Strategy and Forecast to 2028

The battery testing equipment market was valued at US$ 494.33 million in 2021 and is projected to reach US$ 682.98 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

Industries such as aerospace and defense, automotive, and healthcare are heavily investing in advanced technologies to strengthen their capabilities with advanced machinery and offer enhanced services to customers. Companies in the US, France, Sweden, the UK, and other countries are developing advanced battery testing equipment for their global customers. The rising procurement of advanced batteries by the US Army is also supporting the market growth. Furthermore, the development of eVTOLs and initiatives taken by governments of countries such as Germany, the UAE, and Singapore for developing urban air mobility infrastructure in these countries are expected to drive the growth of the battery testing equipment market players.

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Global Battery Testing Equipment Market: Regional Analysis-

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2023 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region. The report offers in-depth assessment of the growth and other aspects of the Battery Testing Equipment Market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Global Battery Testing Equipment Market: Competitive Landscape

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The list of companies as below-

Arbin Instruments
Chroma Systems Solutions, Inc.
Ametek Scientific Instruments
Biologic
Bitrode Corporation
Digatron Power Electronics GmbH
EA Elektro-Automatik
HEiNZINGER
HORIBA FuelCon GmbH

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position are explained to help make a well informed decision. Competitive landscape of Market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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Segments-

Product Type-Based Insights

Based on product type, the battery testing equipment market is segmented into portable battery testing equipment and stationary battery testing equipment. The stationary battery testing equipment segment led the battery testing equipment market with a market share of 54.1% in 2020. The stationery battery testing is performed for a capacity test when the battery is new as part of the acceptance test, for impedance testing to establish baseline values for the battery, and to repeat the above testing process within 2 years for the warranty of the battery. The testing process checks the impedance quarterly on valve-regulated lead-acid (VRLA) cells and performs capacity tests at every 25% expected service life.

Application-Based Insights

Based on application, the battery testing equipment market is segmented into module testing, cell testing, and pack testing. The cell testing segment led the market in 2020. The cell stress tests are performed to evaluate the response to electrical, environmental, and mechanical stresses, among others. Cell testing provides a long battery life and simulates complex real-world test profiles. Moreover, cell testers are designed for performing tests on lithium-ion batteries, electrical double-layer capacitors (EDLC), and lithium-ion capacitors (LIC). This is anticipated to boost the battery testing equipment market size.

Based on geography, the battery testing equipment market is segmented into five major regions, namely, North America, Europe, APAC, MEA, and SAM. In 2020, North America held the largest revenue share, followed by Europe and APAC, respectively. The market in APAC is expected to grow at the fastest CAGR of 5.8% from 2020 to 2028. Arbin Instruments, Century Yuasa Batteries Pty Ltd, Chroma Systems Solutions, Inc., DV Power, Extech Instruments, Megger, Midtronics, Inc., Storage Battery Systems, LLC, and Xiamen Tmax Battery Equipments Limited are among the key players in the ecosystem that were profiled during this market study.

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