Global Battery Analyzers Market 2017-2021
About Battery Analyzers
A battery is a device that stores electric charge. It consists of one or more electrolytic cells that supply electric power when connected externally to devices such as flashlights, smartphones, watches and clocks, electric cars, etc. A battery analyzer or a battery tester is a device to check the state of an electric battery. Basic battery analyzers include ammeters and voltmeters that measure the charge stored in the battery under test and its voltage output. Advanced battery analyzers are capable of determining the battery's condition by evaluating critical parameters such as its capacity for accumulating charge and any conditions affecting the performance.Technavio’s analysts forecast the global battery analyzers market to grow at a CAGR of 2.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery analyzers market for 2017-2021. To calculate the market size, the report considers the new installations, sales and exclude spares, aftermarket, services market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Battery Analyzers Market 2017-2021
Technavio recognizes the following companies as the key players in the global battery analyzers market: Amprobe, Cadex Electronics, Fluke, Maccor, and MIDTRONICS.
Other Prominent Vendors in the market are: ACT meters, Arbin Instruments, B&K Precision, Robert Bosch, Bullard, CHROMA ATE, DHC Specialty, Eagle Eye Power Solutions, Energy Storage Instruments, FLIR Systems, Foxwell, Global Energy Innovations, HIOKI E.E, HUTTON, KILTER ELECTRONIC INSTITUTE, Kussmaul Electronics, Meco Instruments, Megger, OREN TELECOM, PulseTech Products, Schneider Electric, Ship Equipments And Tools Industry Technology, SY KESSLER, Transcat, Vencon Technologies, West Mountain Radio, and ZTS.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Evolution of solid-state batteries. A solid-state battery has both solid electrodes and solid electrolytes. Solid-state batteries are much safer than lithium-ion batteries as they contain no liquid electrolyte, with the potential to possess higher energy density. Long shelf life, ability to be constructed in thin film form, broad temperature range for performance add up to the advantages of solid-state battery. Solid state batteries are estimated to have two to three times the energy density than conventional automotive batteries and can showcase higher power-to-weight ratios, making them an ideal choice for electric vehicles.”
According to the report, one of the major drivers for this market is Rise in electric vehicle sales. Combustion engine vehicles have been a major source of harmful carbon emission, and the depleting oil and natural gas reserves have led to the growth of alternative sources of cleaner fuel for transportation in the past few years. Electric vehicles use batteries to generate motive force. Electric power is clean and not too expensive. The advantages of low maintenance and eco-friendly nature have led to the increased popularity of electric vehicles.
Further, the report states that one of the major factors hindering the growth of this market is Intense competition among existing players. The inadequacy of authorities to put a check on the rise in sale of counterfeit accessories and parts has posed a serious challenge for the automotive industry. Fake automotive accessories may prove to be unsafe as they do not undergo proper manufacturing and safety checks just to save on manufacturing costs. The consequences of using counterfeit accessories can be as minimal as a loss of few dollars in replacement or below-average performance, or it could also result in a grave injury to physical well-being. If OEMs are unable to tackle counterfeiting, they can be subjected to lawsuits over fake parts' production and distribution. The odds of a defective car battery exploding are high in counterfeit batteries, and the car company will face lawsuits as a result. The valuation of fake spare parts market accounts for more than three-quarters of the overall aftermarket for spares.
Amprobe, Cadex Electronics, Fluke, Maccor, MIDTRONICS, ACT meters, Arbin Instruments, B&K Precision, Robert Bosch, Bullard, CHROMA ATE, DHC Specialty, Eagle Eye Power Solutions, Energy Storage Instruments, FLIR Systems, Foxwell, Global Energy Innovations, HIOKI E.E, HUTTON, KILTER ELECTRONIC INSTITUTE, Kussmaul Electronics, Meco Instruments, Megger, OREN TELECOM, PulseTech Products, Schneider Electric, Ship Equipments And Tools Industry Technology, SY KESSLER, Transcat, Vencon Technologies, West Mountain Radio, and ZTS.