Europe Battery Testing Equipment Market to Grow at a CAGR of 4.3% to reach US$ 153.75 Million from 2020 to 2027
The Europe battery testing equipment market is expected to grow from US$ 110.33 million in 2019 to US$ 153.75 million by 2027; it is estimated to grow at a CAGR of 4.3 % from 2020 to 2027.
The UK, Germany, Italy, France, and Russia are major economies in Europe. Rising defense expenditure is expected to escalate the Europe battery testing equipment market. The rising defense expenditure in European countries has led to increase in the adoption of battery testing equipment in the military sector. European countries with high GDP Denmark, Germany, and Norway, among others—are vigorously carrying out large-scale industrialization and infrastructure developments. The increasing defense expenditure supports the growth of the Europe battery testing equipment market in such countries. Moreover, increasing development of advanced battery systems for commercial and military aircraft and rising adoption of electric aircraft technology in commercial aircraft are further expected to bolster the Europe market growth. Various aircraft battery manufacturers are developing advanced battery systems that can assist in reducing emissions. Thus, the growing adoption of batteries by the aerospace and military sectors is expected to increase the demand for battery testing equipment across Europe region, which will drive the Europe battery testing equipment market.
Further, in case of COVID-19, Europe is highly affected, specially the UK, which is the hardest-hit country by the outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as countries such as the UK, Germany, and Italy recorded the highest number of coronavirus cases. Additionally, with the outbreak of another variant of COVID-19 in the UK, the battery testing equipment market is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, energy and power, and others. However, due to COVID-19, many businesses in Europe face financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government-imposed restrictions, and decreasing sales. However, with the increasing initiatives undertaken by the governments of countries such as the UK, Sweden, and Germany to develop urban air mobility infrastructure in the countries is expected to provide growth opportunities to the market in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe battery testing equipment market. The Europe battery testing equipment market is expected to grow at a good CAGR during the forecast period.
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Europe Battery Testing Equipment Market Segmentation
Europe Battery Testing Equipment Market – By Product Type
- Portable Battery Testing Equipment
- Stationary Battery Testing Equipment
Europe Battery Testing Equipment Market – By Application
- Module Testing
- Cell Testing
- Pack Testing
Europe Battery Testing Equipment Market – By End-User
- Automotive
- Electronics and Semiconductor
- Telecom
- Healthcare
- Energy and Utility
- Others
Europe Battery Testing Equipment Market, by Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Europe Battery Testing Equipment Market -Companies Mentioned
- Arbin Instruments
- CHAUVIN ARNOUX
- Chroma Systems Solutions, Inc.
- DV POWER
- Megger Group Limited
- Midtronics, Inc.
- Xiamen Tmax Battery Equipments Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Battery Testing Equipment Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Battery Testing Equipment Market –Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Transportation
5.1.2 Rising Defense Expenditure
5.2 Market Restraints
5.2.1 Over Priced Development and Maintenance of Battery Testing Equipment
5.3 Market Opportunities
5.3.1 Escalation in the Adoption of Battery Testing Equipment in Healthcare
5.4 Future Trends
5.4.1 Growth in Animatronics and Robotics
5.4.2 Mounting Use of UAVs
5.5 Impact Analysis of Drivers and Restraints
6. Battery Testing Equipment Market – Europe Analysis
6.1 Europe Battery Testing Equipment Market Overview
6.2 Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe Battery Testing Equipment Market – By Product Type
7.1 Overview
7.2 Europe Battery Testing Equipment Market, by Product Type (2019 and 2027)
7.3 Portable Battery Testing Equipment
7.3.1 Overview
7.3.2 Portable Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Stationary Battery Testing Equipment
7.4.1 Overview
7.4.2 Stationary Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Battery Testing Equipment Market Analysis – By Application
8.1 Overview
8.2 Europe Battery Testing Equipment Market, By Application (2019 and 2027)
8.3 Module Testing
8.3.1 Overview
8.3.2 Module testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Cell Testing
8.4.1 Overview
8.4.2 Cell testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Pack Testing
8.5.1 Overview
8.5.2 Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Battery Testing Equipment Market Analysis – By End-User
9.1 Overview
9.2 Europe Battery Testing Equipment Market, By End-User (2019 and 2027)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Electronics and Semiconductor
9.4.1 Overview
9.4.2 Electronics and Semiconductor: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Telecom
9.5.1 Overview
9.5.2 Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Energy and Utility
9.7.1 Overview
9.7.2 Energy and Utility: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10. Europe Battery Testing Equipment Market – Country Analysis
10.1 Overview
10.1.1 Europe: Battery Testing Equipment Market, By Country
10.1.1.1 Germany: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Battery Testing Equipment Market, By Product Type
10.1.1.1.2 Germany: Battery Testing Equipment Market, By Application
10.1.1.1.3 Germany: Battery Testing Equipment Market, By End-User
10.1.1.2 France: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Battery Testing Equipment Market, By Product Type
10.1.1.2.2 France: Battery Testing Equipment Market, By Application
10.1.1.2.3 France: Battery Testing Equipment Market, By End-User
10.1.1.3 Italy: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Battery Testing Equipment Market, By Product Type
10.1.1.3.2 Italy: Battery Testing Equipment Market, By Application
10.1.1.3.3 Italy: Battery Testing Equipment Market, By End-User
10.1.1.4 UK: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Battery Testing Equipment Market, By Product Type
10.1.1.4.2 UK: Battery Testing Equipment Market, By Application
10.1.1.4.3 UK: Battery Testing Equipment Market, By End-User
10.1.1.5 Russia: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Battery Testing Equipment Market, By Product Type
10.1.1.5.2 Russia: Battery Testing Equipment Market, By Application
10.1.1.5.3 Russia: Battery Testing Equipment Market, By End-User
10.1.1.6 Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Battery Testing Equipment Market, By Product Type
10.1.1.6.2 Rest of Europe: Battery Testing Equipment Market, By Application
10.1.1.6.3 Rest of Europe: Battery Testing Equipment Market, By End-User
11. Impact of COVID-19 Pandemic
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Arbin Instruments
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CHAUVIN ARNOUX
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Chroma Systems Solutions, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DV POWER
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Megger Group Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Midtronics, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Xiamen Tmax Battery Equipments Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 6. France Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 7. France Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 12. UK Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia Battery Testing Equipment Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Battery Testing Equipment Market Segmentation
Figure 2. Europe Battery Testing Equipment Market Segmentation – By Country
Figure 3. Europe Battery Testing Equipment Market Overview
Figure 4. Stationary Battery Testing Equipment Contributed the Largest Market Share
Figure 5. Cell Testing Held the Largest Market Share in 2019
Figure 6. Electronics and Semiconductor Segment Held the Largest Share in 2019
Figure 7. Germany Held the Largest Share in 2019
Figure 8. Europe: PEST Analysis
Figure 9. Europe Battery Testing Equipment Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Battery Testing Equipment Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Battery Testing Equipment Market Revenue Share, by Product Type (2019 and 2027)
Figure 14. Europe Portable Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Stationary Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Battery Testing Equipment Market Revenue Share, by Application (2019 and 2027)
Figure 17. Europe Module Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe Cell Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Battery Testing Equipment Market Revenue Share, by End-User (2019 and 2027)
Figure 21. Europe Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe Electronics and Semiconductor: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Europe Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Europe Energy and Utility: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Europe Others: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Europe: Battery Testing Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. Europe: Battery Testing Equipment Market Revenue Share, By Country (2019 and 2027)
Figure 29. Germany: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. France: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Italy: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. UK: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Russia: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Battery Testing Equipment Market
- Arbin Instruments
- CHAUVIN ARNOUX
- Chroma Systems Solutions, Inc.
- DV POWER
- Megger Group Limited
- Midtronics, Inc.
- Xiamen Tmax Battery Equipments Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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