Battery Testing Equipment Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2028

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.

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.

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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.

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.