The key players operating in the market include Arbin Instruments; Chroma Systems Solutions, Inc.; Ametek Scientific Instruments; Biologic; Bitrode Corporation; Digatron Power Electronics GmbH; EA Elektro-Automatik; HEiNZINGER; HORIBA FuelCon GmbH; KEYSIGHT TECHNOLOGIES, INC.; PEC; Webasto Group; NH Research, Inc.; Maccor Inc.; Unico, LLC and various other companies. It is derived by considering multiple parameters such as overall revenue, brand image, current battery testing equipment portfolio in terms of several models, technology integration & product enhancements, geographic reach, new product/feature launches, market initiatives, mergers & acquisitions, and other market-related activities. As per our analysis, the top 5 market players hold around 28-32% of the global market share. There are many market players operating in the battery testing equipment market operating at global, regional, and country-level.
Arbin Instruments; Chroma Systems Solutions, Inc.; Ametek Scientific Instruments; Biologic; Bitrode Corporation; Digatron Power Electronics GmbH; EA Elektro-Automatik; HEiNZINGER; HORIBA FuelCon GmbH; KEYSIGHT TECHNOLOGIES, INC.; PEC; Webasto Group; NH Research, Inc.; Maccor Inc.; Unico, LLC
North America dominated the battery testing equipment market with a 26.2% in 2020; it would continue to lead the market during the forecast period and account for a 25.6% share by 2028. Europe is the second-largest contributor to the global battery testing equipment market, followed by APAC.
North America is the most technologically advanced region, with major economies, such as the US, Canada, and Mexico. The developed countries in the area are known for adopting cutting-edge technologies, high living standards, and developed infrastructure. Several industries, such as oil & gas, automotive, transportation, and telecommunications, in the region are expanding their production scale due to rising demand from consumers. The consumer electronics industry extensively uses lithium-ion batteries. With the rising integration of lithium-ion batteries in consumer electronics, battery testing equipment will increase to analyse the battery life and leakage of the aqueous solution from the battery. Arbin Instruments, Extech Instruments, Chroma Systems Solutions, Inc., Midtronics, Inc, JR Automation, Storage Battery Systems, LLC are other major companies present in the US offering battery testing equipment to diversified industries. A few of the important market initiatives from the industry are mentioned below:
| Year | News | Region |
| 2021 | Keysight Technologies, Inc. announced the new Scienlab SL1700A Series; it is the next-generation battery pack test system for high voltage battery packs – up to 1500 V for automotive and industrial applications. | North America |
| 2022 | HEiNZINGER’s Heinzinger Automotive GmbH was acquired by National Instruments. | North America |
