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Battery Test Equipment Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 160 Pages
SKU # FOB19260769

Description

Battery Test Equipment Market



Growth Factors of Battery Test Equipment Market

The battery test equipment market size was valued at USD 503.6 billion in 2022, and the market is now projected to grow from USD 525.3 billion in 2023 to USD 739.8 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period of 2023-2030.

During the pandemic, the market observed a shift in essential industrial testing products and facilities supported by the robust battery demand. The growing implementation of electric vehicles, renewable energy systems, and energy storage systems motivates the necessity for vital and effective battery equipment. Moreover, there has been a recovery in the market due to the demand for effectual energy storing devices through small portable devices and EVs.

The post-pandemic growth in customer demand for electric automobiles was supported by government guidelines and subsidies supporting the battery sector’s progression. Also, developing innovative, proficient, and liquid-cooled battery solutions require smart and intelligent testing solutions to motivate market proceeds. Moreover, the improvement of progressive software and central data storage solutions in battery testing, providing a dependable and improved testing atmosphere for battery testing, is pouring the battery test equipment market growth over the prediction period.

The universal change to clean movement and shift to electric vehicles has brought a fast pace of the battery market progression. Also, the growing effectiveness of battery storage solutions and severe standards for battery safety are increasing the potentials of battery testing solutions. Moreover, trends across automation and robotics solutions for intelligent automation solutions for operational excellence are transforming green change across the logistics sector.

Comprehensive Analysis of Battery Test Equipment Market

The market can be segmented in various ways, depending on the focus of analysis such as by product type, by function type and by application. Based on product type, the market is classified into stationary and portable. Based on function type, the market is segmented into cell testing, module testing, and pack testing. Based on application, the market is segmented into automotive, industrial, electronics & telecommunication, medical, grid & renewable energy, and others (logistics).

Asia Pacific region is dominating the battery test equipment market share due to rising engagement of numerous small performers posing battery test services and features.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Arbin Instruments (U.S.), Chroma Ate Inc. (Taiwan), National Instruments (U.S.), Ametek Inc. (U.S.), Megger (U.S.), Neware Battery Testers (China), Cadex Electronics Inc. (Canada), Hioki (Japan), Midtronics (U.S.), DIGATRON (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In December 2022, Chroma System Solutions launched Battery Pro software through CAN communication that diminishes security fears such as leakage of critical information, altering with Battery Management System (BMS) data, and charger attempts.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.0 % from 2023 to 2030

Unit Value (USD Million)

Segmentation By Product Type

Stationary

Portable

By Function Type

Cell Testing

Module Testing

Pack Testing

By Application

Automotive

Industrial

Electronics & Telecommunication

Medical

Grid & Renewable Energy

Others (Logistics)

By Region

North America (By Product Type, By Function Type, By Application, and By Country)
  • U.S. (By Function Type)
  • Canada (By Function Type)
  • Mexico (By Function Type)
Europe (By Product Type, By Function Type, By Application, and By Country)
  • U.K. (By Function Type)
  • Germany (By Function Type)
  • France (By Function Type)
  • Italy (By Function Type)
  • Russia (By Function Type)
  • Rest of Europe
Asia Pacific (By Product Type, By Function Type, By Application, and By Country)
  • China (By Function Type)
  • Japan (By Function Type)
  • India (By Function Type)
  • South Korea (By Function Type)
  • Australia (By Function Type)
  • Rest of Asia Pacific
Middle East and Africa (By Product Type, By Function Type, By Application, and By Country)
  • GCC (By Function Type)
  • South Africa (By Function Type)
  • Rest of Middle East and Africa
South America (By Product Type, By Function Type, By Application, and By Country)
  • Brazil (By Function Type)
  • Argentina (By Function Type)
  • Rest of South America


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Table of Contents

160 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Battery Test Equipment Key Players Market Share/Ranking, 2022
5. Global Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Product Type
5.2.1. Stationary
5.2.2. Portable
5.3. By Function Type
5.3.1. Cell Testing
5.3.2. Module Testing
5.3.3. Pack Testing
5.4. By Application
5.4.1. Automotive
5.4.2. Industrial
5.4.3. Electronics & telecommunication
5.4.4. Medical
5.4.5. Grid & renewable energy
5.4.6. Others (logistics, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. South America
6. North America Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Product Type
6.2.1. Stationary
6.2.2. Portable
6.3. By Function Type
6.3.1. Cell Testing
6.3.2. Module Testing
6.3.3. Pack Testing
6.4. By Application
6.4.1. Automotive
6.4.2. Industrial
6.4.3. Electronics & telecommunication
6.4.4. Medical
6.4.5. Grid & renewable energy
6.4.6. Others (logistics, etc.)
6.5. By Country (USD)
6.5.1. U.S.
6.5.1.1. By Function Type
6.5.1.1.1. Cell Testing
6.5.1.1.2. Module Testing
6.5.1.1.3. Pack Testing
6.5.2. Canada
6.5.2.1. By Function Type
6.5.2.1.1. Cell Testing
6.5.2.1.2. Module Testing
6.5.2.1.3. Pack Testing
6.5.3. Mexico
6.5.3.1. By Function Type
6.5.3.1.1. Cell Testing
6.5.3.1.2. Module Testing
6.5.3.1.3. Pack Testing
7. Europe Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Product Type
7.2.1. Stationary
7.2.2. Portable
7.3. By Function Type
7.3.1. Cell Testing
7.3.2. Module Testing
7.3.3. Pack Testing
7.4. By Application
7.4.1. Automotive
7.4.2. Industrial
7.4.3. Electronics & telecommunication
7.4.4. Medical
7.4.5. Grid & renewable energy
7.4.6. Others (logistics, etc.)
7.5. By Country (USD)
7.5.1. U.K.
7.5.1.1. By Function Type
7.5.1.1.1. Cell Testing
7.5.1.1.2. Module Testing
7.5.1.1.3. Pack Testing
7.5.2. Germany
7.5.2.1. By Function Type
7.5.2.1.1. Cell Testing
7.5.2.1.2. Module Testing
7.5.2.1.3. Pack Testing
7.5.3. France
7.5.3.1. By Function Type
7.5.3.1.1. Cell Testing
7.5.3.1.2. Module Testing
7.5.3.1.3. Pack Testing
7.5.4. Italy
7.5.4.1. By Function Type
7.5.4.1.1. Cell Testing
7.5.4.1.2. Module Testing
7.5.4.1.3. Pack Testing
7.5.5. Russia
7.5.5.1. By Function Type
7.5.5.1.1. Cell Testing
7.5.5.1.2. Module Testing
7.5.5.1.3. Pack Testing
7.5.6. Rest of Europe
8. Asia Pacific Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Product Type
8.2.1. Stationary
8.2.2. Portable
8.3. By Function Type
8.3.1. Cell Testing
8.3.2. Module Testing
8.3.3. Pack Testing
8.4. By Application
8.4.1. Automotive
8.4.2. Industrial
8.4.3. Electronics & telecommunication
8.4.4. Medical
8.4.5. Grid & renewable energy
8.4.6. Others (logistics, etc.)
8.5. By Country (USD)
8.5.1. China
8.5.1.1. By Function Type
8.5.1.1.1. Cell Testing
8.5.1.1.2. Module Testing
8.5.1.1.3. Pack Testing
8.5.2. Japan
8.5.2.1. By Function Type
8.5.2.1.1. Cell Testing
8.5.2.1.2. Module Testing
8.5.2.1.3. Pack Testing
8.5.3. India
8.5.3.1. By Function Type
8.5.3.1.1. Cell Testing
8.5.3.1.2. Module Testing
8.5.3.1.3. Pack Testing
8.5.4. South Korea
8.5.4.1. By Function Type
8.5.4.1.1. Cell Testing
8.5.4.1.2. Module Testing
8.5.4.1.3. Pack Testing
8.5.5. Australia
8.5.5.1. By Function Type
8.5.5.1.1. Cell Testing
8.5.5.1.2. Module Testing
8.5.5.1.3. Pack Testing
8.5.6. Rest of Asia Pacific
9. Middle East & Africa Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Product Type
9.2.1. Stationary
9.2.2. Portable
9.3. By Function Type
9.3.1. Cell Testing
9.3.2. Module Testing
9.3.3. Pack Testing
9.4. By Application
9.4.1. Automotive
9.4.2. Industrial
9.4.3. Electronics & telecommunication
9.4.4. Medical
9.4.5. Grid & renewable energy
9.4.6. Others (logistics, etc.)
9.5. By Country (USD)
9.5.1. GCC
9.5.1.1. By Function Type
9.5.1.1.1. Cell Testing
9.5.1.1.2. Module Testing
9.5.1.1.3. Pack Testing
9.5.2. South Africa
9.5.2.1. By Function Type
9.5.2.1.1. Cell Testing
9.5.2.1.2. Module Testing
9.5.2.1.3. Pack Testing
9.5.3. Rest of MEA
10. South America Battery Test Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. Key Findings
10.2. By Product Type
10.2.1. Stationary
10.2.2. Portable
10.3. By Function Type
10.3.1. Cell Testing
10.3.2. Module Testing
10.3.3. Pack Testing
10.4. By Application
10.4.1. Automotive
10.4.2. Industrial
10.4.3. Electronics & telecommunication
10.4.4. Medical
10.4.5. Grid & renewable energy
10.4.6. Others (logistics, etc.)
10.5. By Country (USD)
10.5.1. Brazil
10.5.1.1. By Function Type
10.5.1.1.1. Cell Testing
10.5.1.1.2. Module Testing
10.5.1.1.3. Pack Testing
10.5.2. Argentina
10.5.2.1. By Function Type
10.5.2.1.1. Cell Testing
10.5.2.1.2. Module Testing
10.5.2.1.3. Pack Testing
10.5.3. Rest of South America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Arbin Instruments
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Chroma Ate Inc.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. National Instruments
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Ametek Inc.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Megger
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Neware Battery Testers
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Cadex Electronics Inc.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Hioki
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Midtronics
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. DIGATRON
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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