Various industries such as aerospace and defense, automotive, healthcare, and others are heavily investing in advanced technologies to strengthen their capabilities with advanced machineries and offer enhanced services to customers. Companies present in countries such as US, France, Sweden, the UK, and others are developing advanced battery testing equipment for the global market. Rising procurement of advanced batteries by the US Army is also supporting the market growth. Furthermore, the increasing development of eVTOLs and rising initiatives undertaken by the government of countries such as Germany, the UAE, Singapore, and others for developing the urban air mobility infrastructure in the countries are also expected to drive the growth of the market. Furthermore, the rising defense expenditure of countries such as the US, China, India, and others is also expected to drive the growth of the market. Developing nations such as India, China, Indonesia and others are strengthening their military capabilities due to rising border clash with neighbouring countries. Additionally, increasing manufacturing industries in countries such as China and India are further expected to propel the growth of the market.
Arbin Instruments; Century Yuasa Batteries Pty Ltd; Megger Group Limited; Midtronics, Inc.; and Chroma Systems Solutions, Inc. are some of the key market players operating in the global battery testing equipment market. The listing of key players is derived by considering multiple factors such as overall revenue, current battery testing equipment product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the battery testing equipment ecosystems which were studies analyzed during the course of this market research study, such as, CHAUVIN ARNOUX; DV POWER; Extech Instruments; Storage Battery Systems, LLC; and Xiamen Tmax Battery Equipment Limited among others. Further, in February 2020, Midtronics Inc. had announced its DSS-5000 HD battery diagnostic service system is available for commercial truck and fleet applications. The patented technology is designed to provide accurate and decisive battery state of health information. In March 2019, Storage Battery Systems, LLC had attended a premier trade show, Promat 2019. Promat is a premier trade show serving the motive power and material handling industries. The company showcased its popular products such as its line of powered mobile carts and battery testing equipment.
Arbin Instruments; Century Yuasa Batteries Pty Ltd; Megger Group Limited; Midtronics, Inc.; and Chroma Systems Solutions, Inc. – Prominent Market Participants in Battery Testing Equipment Market
Most of the market initiatives were observed in North American region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
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Year |
News |
Country |
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2021 |
Chroma launched E-Scooter fast charging testing system in order to help CHAdeMO Association to check electric vehicle charging interface stimulators. In line with the international growth of the EV industry, it is also going to help and define the Protocol Check Sheet for fast charging test standards for two-wheeled EV. |
North America |
