Battery testing equipment is a multi-purpose testing device used for verifying the electrical potential and life cycle of a battery either prior to its inception in an electronic device or in later stages of the battery to test its condition and identify the cause of disruption in batteries which are in use. Some of the detailed specifications provided by the battery testing equipment about the battery are the storage space, impedance, load of the battery and the life cycle performance of the battery. Battery testing equipment is a valuable tool for industrial, electronic devices and automotive manufacturers, which enables them to validate the life cycle and functionality of the device itself during research and commence large-scale production.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 500 Million |
| Expected Market Value (2022) | US$ 520 Million |
| Anticipated Forecast Value (2032) | US$ 770 Million |
| Projected Growth Rate (2022-2032) | 4% CAGR |
Automotive Industry to electrify future for Battery Testing Equipment
Technological advancements have triggered an upsurge in the demand for portable products such as powered tools, et cetera, which is indirectly driving the demand for battery testing equipment market. Battery testing equipment with extremely digitized features and modern and user-friendly features such as touchscreen operational are appearing in the market. Consumers are increasingly priding themselves for owing personalized gadgets and availability of personalized battery testing equipment is catering to the trend of sophistication. The demand for portable battery testing equipment is spurred by the tremendous number of launches of wearable in the market.
Looming electric future in the automotive industry is expected to have the largest impact on the growth of battery testing equipment market. In the automotive industry, battery testing is carried out for a lengthy period to offer a reliable basis of battery life warranty. Hence, battery testing equipment with high precision cuts short this period resulting in early inception and production of the electric vehicles. Hence, the demand for high precision battery testing equipment is effectuating in the evolution of battery testing equipment in the market. Instruments and software systems that enable and manage the working condition and life-cycles of batteries is being viewed as a cost-effective option by consumers, as opposed to the process of repeated replacements of batteries. On the supply side, manufacturers have expanded services for battery testing equipment by offering short term and long terms rental services.
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Global Battery Testing Equipment Market: Key Participants
Examples of some of the market participants in the global battery testing equipment market identified across the value chain include AVL List GmbH, Storage Battery Systems, LLC, Chen Tech Electric., Chroma Systems Solutions, Inc., Megger Group Limited, Greenlight Innovation, Intertek Group plc, Chauvin Arnoux Metrix and FLIR Systems amongst others.
Global Battery Testing Equipment Market: Key Developments
In September 2018, the company Advanced Test Equipment Rentals (ATEC), which provides high quality testing rental testing services, expanded its battery testing equipment rental product portfolio with the launch of Arbin LBT21024, which features with basic charge and discharge cycling in the telecommunication industry.
Opportunities for Battery Testing Equipment Market Participants:
The market for battery testing equipment is booming in regions like South East Asia, where the market is plagued with lack of convenient and charging infrastructure and is not yet prepared to support the growth of electric vehicles (EVs). Many start-up companies are commencing the establishment of battery testing and charging chambers. With only small players carrying the load of this demand, there are a plethora of opportunities for global players to capitalize on the battery testing equipment market in this region.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges in the Battery Testing Equipment Market
- Key Players in the Battery Testing Equipment Market
- Technology
- Value Chain
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The battery testing equipment market is segmented on the basis of product type, end use and capacity.
On the basis of product type, the battery testing equipment market is segmented into-
- Stationary Battery Testing Equipment
- Portable Battery Testing Equipment
On the basis of product type, the battery testing equipment market is segmented into-
- Automotive
- Industrial
- Electronics and Telecommunications
- Medical
- Grid & Renewable Energy
- Military/Aerospace
- Others
On the basis of product type, the battery testing equipment market is segmented into-
- Below 400 V
- 401-800 V
- Above 800 V
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the battery testing equipment industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the battery testing equipment market
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for Battery Testing Equipment market players to sustain and enhance their market footprint
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