Asia-pacific Battery Testing Equipment Market Forecast 2021-2028

Asia-pacific Battery Testing Equipment Market Forecast 2021-2028

KEY FINDINGS

The Asia-Pacific battery testing equipment market is predicted to grow with a CAGR of 5.20% during the forecasted years. The regional market’s growth is primarily credited to key drivers such as the expected growth in the electric vehicle industry, the growing younger population, the increased demand for batteries across numerous end-users, and the higher penetration of the internet.

MARKET INSIGHTS

The Asia-Pacific battery testing equipment market growth analysis constitutes the assessment of South Korea, Australia, China, Indonesia, India, Japan, Thailand, and the rest of the Asia-Pacific. South Korea is considered an attractive industrial hub in the Asia-Pacific. The country excels in terms of manufacturing electronics, automobiles, telecommunication equipment, pharmaceuticals, chemicals, and others. Furthermore, with respect to the market’s growth, the South Korean Agency for Technology and Standard (KATS) released a notice concerning novel safety standards for industrial lithium secondary batteries in 2019.

Conversely, the electric vehicle industry in Indonesia is anticipated to thrive over the upcoming years, predominantly with the government promoting the sector. In this regard, the country’s government issued an ‘EV Roadmap,’ detailing several incentives in order to attract increased investments within the swiftly growing electric vehicle industry. As a result, these factors are set to supplement the battery testing equipment market growth in the Asia-Pacific over the forecast period.

COMPETITIVE INSIGHTS

Some of the top players operating in the market are TÜV SÜD, Century Batteries, Xiamen Tmax Battery Equipments Limited, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments


1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Growing Demand From The Battery Market
3.1.2. Compliance With Various Battery Standards
3.2. Key Restraints
3.2.1. High Cost Of Battery Testing Equipment
3.2.2. Technical Challenges In Battery Testing
4. Key Analytics
4.1. Impact Of Covid-19 On Battery Testing Equipment Market
4.2. Key Market Trends
4.3. Porter’s Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Key Buying Criteria
5. Market By Product Type
5.1. Portable Battery Testing Equipment
5.2. Stationary Battery Testing Equipment
6. Market By Application
6.1. Cell Testing
6.2. Module Testing
6.3. Pack Testing
7. Market By End-user
7.1. Automotive Industry
7.2. Telecom Industry
7.3. Battery Industry
7.4. Battery Testing Labs
7.5. Energy Sector
7.6. Electronics & Semiconductor Industry
7.7. Other End-users
8. Geographical Analysis
8.1. Asia-pacific
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. China
8.1.5.2. Japan
8.1.5.3. India
8.1.5.4. South Korea
8.1.5.5. Indonesia
8.1.5.6. Thailand
8.1.5.7. Australia
8.1.5.8. Rest Of Asia-pacific
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Product Launches & Developments
9.1.2. Partnerships & Agreements
9.1.3. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. Arbin Instruments
9.2.2. Century Batteries
9.2.3. Chauvin Arnoux
9.2.4. Chroma Systems Solutions Inc
9.2.5. Dv Power
9.2.6. Exponential Power
9.2.7. Extech Instruments
9.2.8. Megger Group Limited
9.2.9. Midtronics Inc
9.2.10. Xiamen Tmax Battery Equipments Limited

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