The battery testing equipment market was valued at US$ 494.33 million in 2021 and is projected to reach US$ 682.98 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Industries such as aerospace and defense, automotive, and healthcare are heavily investing in advanced technologies to strengthen their capabilities with advanced machinery and offer enhanced services to customers. Companies in the US, France, Sweden, the UK, and other countries are developing advanced battery testing equipment for their global customers. The rising procurement of advanced batteries by the US Army is also supporting the market growth. Furthermore, the development of eVTOLs and initiatives taken by governments of countries such as Germany, the UAE, and Singapore for developing urban air mobility infrastructure in these countries are expected to drive the growth of the battery testing equipment market players.
Elevating defense expenditure in countries such as the US, China, and India, and others is expected to drive the growth of the battery testing equipment market in the coming years. Developing countries, such as India, China, and Indonesia, focus on strengthening their military capabilities due to rising clashes across the borders shared with neighboring countries. The expanding manufacturing sectors in countries such as China and India are further propelling the battery testing equipment market growth.
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Battery Testing Equipment Market: Strategic Insights
Market Size Value in US$ 494.33 million in 2021 Market Size Value by US$ 682.98 million by 2028 Growth rate CAGR of 4.7% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Battery Testing Equipment Market: Strategic Insights
| Market Size Value in | US$ 494.33 million in 2021 |
| Market Size Value by | US$ 682.98 million by 2028 |
| Growth rate | CAGR of 4.7% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on North America Battery Testing Equipment Market Growth
The US is the most affected country in North America due to COVID-19. Many of the manufacturing facilities were either temporarily shut down or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers.
Since the US has a larger number of battery testing equipment, component manufacturers, and industries, the outbreak has severely affected each production and revenue generation. The lower number of manufacturing staff has resulted in lesser production quantity. On the other hand, the limited availability of raw materials and aerospace closing has also impacted the battery testing equipment market in the US. However, the rising military expenditure of the country and the growing development of electric vehicles by companies such as Tesla are expected to provide growth opportunities to the battery testing equipment market players in the near future.
Market Insights – Battery Testing Equipment Market
Growing Demand for Transportation to Drive the
Due to the increasing disposable income of people in developing economies, such as China, India, South Korea, and others, the demand for vehicles has increased. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales in India increased by 26.45% from September 2019 to September 2020. Factors such as increasing investments by prominent vehicle manufacturing companies and favorable government norms regarding vehicle manufacturing across Asia Pacific are expected to drive the growth of the battery testing equipment market in the region. Further, initiatives undertaken by the governments of countries such as Vietnam to expand its automotive industry are also expected to drive the battery testing equipment market size.
Product Type-Based Insights
Based on product type, the battery testing equipment market is segmented into portable battery testing equipment and stationary battery testing equipment. The stationary battery testing equipment segment led the battery testing equipment market with a market share of 54.1% in 2020. The stationery battery testing is performed for a capacity test when the battery is new as part of the acceptance test, for impedance testing to establish baseline values for the battery, and to repeat the above testing process within 2 years for the warranty of the battery. The testing process checks the impedance quarterly on valve-regulated lead-acid (VRLA) cells and performs capacity tests at every 25% expected service life.
Application-Based Insights
Based on application, the battery testing equipment market is segmented into module testing, cell testing, and pack testing. The cell testing segment led the market in 2020. The cell stress tests are performed to evaluate the response to electrical, environmental, and mechanical stresses, among others. Cell testing provides a long battery life and simulates complex real-world test profiles. Moreover, cell testers are designed for performing tests on lithium-ion batteries, electrical double-layer capacitors (EDLC), and lithium-ion capacitors (LIC). This is anticipated to boost the battery testing equipment market size.
Based on geography, the battery testing equipment market is segmented into five major regions, namely, North America, Europe, APAC, MEA, and SAM. In 2020, North America held the largest revenue share, followed by Europe and APAC, respectively. The market in APAC is expected to grow at the fastest CAGR of 5.8% from 2020 to 2028. Arbin Instruments, Century Yuasa Batteries Pty Ltd., Chauvin Arnoux, Chroma Systems Solutions, Inc., DV Power, Extech Instruments, Megger, Midtronics, Inc., Storage Battery Systems, LLC, and Xiamen Tmax Battery Equipments Limited are among the key players in the ecosystem that were profiled during this market study.
Battery Testing Equipment Market Report Scope
Players operating in the battery testing equipment market are mainly focused on the development of advanced and efficient products and collaborations.
- In 2021, Keysight Technologies, Inc. and Proventia Oy collaborated to improve electric vehicle (EV) battery test solutions.
- In 2021, Chroma launched an E-Scooter fast charging testing system to help CHAdeMO Association check electric vehicle charging interface stimulators. In line with the international growth of the EV industry, it is also going to help define the Protocol Check Sheet for fast charging test standards for two-wheeled EVs.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End User and Others
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Animatronics is the process of manufacturing and operating lifelike robots that are used for entertainment or films; whereas, robotics is the process of designing, constructing, and operating robots. Batteries are used in these systems as they offer numerous benefits such as smooth movement of robots, enhanced safety, greater precision, and longer system life. The growing adoption of robots and animatronics in various industries, such as automobile, entertainment, manufacturing, agriculture, and aerospace and defence, it is expected to drive the growth of the battery testing equipment market.
North America is expected to hold the largest share of the battery testing equipment market in the coming years as it includes a few of the world's fastest-growing and leading economies. The North American battery testing equipment market is segmented into the US, Canada, and Mexico. High disposable incomes and technological advancements have been propelling the growth of the consumer electronics industry. With the rising integration of lithium-ion batteries in consumer electronics, the adoption of battery testing equipment will increase to analyze the battery life and leakage of the aqueous solution from the battery, among others.
The several technologically advanced solutions to maintain its global image. The global consumer goods sector is witnessing a constant rise in the adoption of advanced technologies such as smartphones, laptops, smart TVs, and smart wearable systems that are embedded with different types of batteries. With an increasing demand for the above-mentioned products, the battery testing procedure becomes crucial for enhancing the battery life, which, in turn, fuels the adoption of battery testing equipment. The stationary battery testing equipment segment led the battery testing equipment market in 2020.
The battery testing equipment market was dominated by the stationary battery testing equipment segment, which accounted to 53.7% in 2020 and is estimated to account for 51.5% market revenue share by 2028. Component providers/suppliers provide various components/parts such as fuse, powerful embedded controllers and speed fans among others hardware components to battery testing equipment manufacturers.
The battery testing equipment systems are used in various applications, including module testing, cell testing, and pack testing. Various industries such as aerospace and defence, automotive, healthcare, and others are heavily investing in advanced technologies to strengthen their capabilities with advanced machinery and offer enhanced services to customers. Companies present in countries such as the US, France, Sweden, the UK, and others are developing advanced battery testing equipment for the global market. The rising procurement of advanced batteries by the US Army is supporting the market growth.
Increasing Adoption of battery testing equipment in Healthcare, due to the ongoing COVID-19 pandemic, the demand for medical instruments, such as ventilators, diagnostic equipment, and other critical care devices, has increased across the world. Therefore, prominent battery testing equipment companies are offering continuous support and services owing to the growing demand in the healthcare industry. As these situations of battery failures in hospitals are mission-critical the batteries are discarded even when they are still usable. Therefore, continuous testing and maintenance are required to reduce battery wastage and ensure battery and equipment safety. Hence, the growing demand for medical equipment and the need to reduce battery wastage is expected to provide growth opportunities to the market.
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. Battery Testing Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Battery Testing Equipment Market –Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Transportation
5.1.2 Increase in Defense Expenditure in Developed Countries
5.2 Market Restraints
5.2.1 High Cost of Development and Maintenance of Battery Testing Equipment
5.3 Market Opportunities
5.3.1 Increasing Adoption of Battery Testing Equipment in Healthcare
5.4 Future Trends
5.4.1 Surge in Animatronics and Robotics
5.4.2 UAVs and Urban Air Mobility
5.5 Impact Analysis of Drivers and Restraints
6. Battery Testing Equipment Market – Global Analysis
6.1 Global Battery Testing Equipment Market Overview
6.2 Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning/Market Share Analysis – Five Key Players
7. Battery Testing Equipment Market – By Product Type
7.1 Overview
7.2 Battery Testing Equipment Market, by Product Type (2020 and 2028)
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 2028 (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 2028 (US$ Million)
8. Battery Testing Equipment Market Analysis – By Application
8.1 Overview
8.2 Battery Testing Equipment Market, By Application (2020 and 2028)
8.3 Module Testing
8.3.1 Overview
8.3.2 Module testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cell Testing
8.4.1 Overview
8.4.2 Cell testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Pack Testing
8.5.1 Overview
8.5.2 Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. Battery Testing Equipment Market Analysis – By End-User
9.1 Overview
9.2 Battery Testing Equipment Market, By End-User (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2028 (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 2028 (US$ Million)
9.5 Telecom
9.5.1 Overview
9.5.2 Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2028 (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 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10. Battery Testing Equipment Market – Geographic Analysis
10.1 Overview
10.2 North America: Battery Testing Equipment Market
10.2.1 North America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Battery Testing Equipment Market, By Product Type
10.2.3 North America: Battery Testing Equipment Market, By Application
10.2.4 North America: Battery Testing Equipment Market, By End-User
10.2.5 North America: Battery Testing Equipment Market, By Country
10.2.5.1 US: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Battery Testing Equipment Market, By Product Type
10.2.5.1.2 US: Battery Testing Equipment Market, By Application
10.2.5.1.3 US: Battery Testing Equipment Market, By End-User
10.2.5.2 Canada: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Battery Testing Equipment Market, By Product Type
10.2.5.2.2 Canada: Battery Testing Equipment Market, By Application
10.2.5.2.3 Canada: Battery Testing Equipment Market, By End-User
10.2.5.3 Mexico: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Battery Testing Equipment Market, By Product Type
10.2.5.3.2 Mexico: Battery Testing Equipment Market, By Application
10.2.5.3.3 Mexico: Battery Testing Equipment Market, By End-User
10.3 Europe: Battery Testing Equipment Market
10.3.1 Europe: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Battery Testing Equipment Market, By Product Type
10.3.3 Europe: Battery Testing Equipment Market, By Application
10.3.4 Europe: Battery Testing Equipment Market, By End-User
10.3.5 Europe: Battery Testing Equipment Market, By Country
10.3.5.1 Germany: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Battery Testing Equipment Market, By Product Type
10.3.5.1.2 Germany: Battery Testing Equipment Market, By Application
10.3.5.1.3 Germany: Battery Testing Equipment Market, By End-User
10.3.5.2 France: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Battery Testing Equipment Market, By Product Type
10.3.5.2.2 France: Battery Testing Equipment Market, By Application
10.3.5.2.3 France: Battery Testing Equipment Market, By End-User
10.3.5.3 Italy: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Battery Testing Equipment Market, By Product Type
10.3.5.3.2 Italy: Battery Testing Equipment Market, By Application
10.3.5.3.3 Italy: Battery Testing Equipment Market, By End-User
10.3.5.4 UK: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Battery Testing Equipment Market, By Product Type
10.3.5.4.2 UK: Battery Testing Equipment Market, By Application
10.3.5.4.3 UK: Battery Testing Equipment Market, By End-User
10.3.5.5 Russia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Battery Testing Equipment Market, By Product Type
10.3.5.5.2 Russia: Battery Testing Equipment Market, By Application
10.3.5.5.3 Russia: Battery Testing Equipment Market, By End-User
10.3.5.6 Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Battery Testing Equipment Market, By Product Type
10.3.5.6.2 Rest of Europe: Battery Testing Equipment Market, By Application
10.3.5.6.3 Rest of Europe: Battery Testing Equipment Market, By End-User
10.4 APAC: Battery Testing Equipment Market
10.4.1 APAC: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Battery Testing Equipment Market, By Product Type
10.4.3 APAC: Battery Testing Equipment Market, By Application
10.4.4 APAC: Battery Testing Equipment Market, By End-User
10.4.5 APAC: Battery Testing Equipment Market, By Country
10.4.5.1 China: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Battery Testing Equipment Market, By Product Type
10.4.5.1.2 China: Battery Testing Equipment Market, By Application
10.4.5.1.3 China: Battery Testing Equipment Market, By End-User
10.4.5.2 India: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 India: Battery Testing Equipment Market, By Product Type
10.4.5.2.2 India: Battery Testing Equipment Market, By Application
10.4.5.2.3 India: Battery Testing Equipment Market, By End-User
10.4.5.3 Japan: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Battery Testing Equipment Market, By Product Type
10.4.5.3.2 Japan: Battery Testing Equipment Market, By Application
10.4.5.3.3 Japan: Battery Testing Equipment Market, By End-User
10.4.5.4 South Korea: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Battery Testing Equipment Market, By Product Type
10.4.5.4.2 South Korea: Battery Testing Equipment Market, By Application
10.4.5.4.3 South Korea: Battery Testing Equipment Market, By End-User
10.4.5.5 Australia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Australia: Battery Testing Equipment Market, By Product Type
10.4.5.5.2 Australia: Battery Testing Equipment Market, By Application
10.4.5.5.3 Australia: Battery Testing Equipment Market, By End-User
10.4.5.6 Rest of APAC: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Battery Testing Equipment Market, By Product Type
10.4.5.6.2 Rest of APAC: Battery Testing Equipment Market, By Application
10.4.5.6.3 Rest of APAC: Battery Testing Equipment Market, By End-User
10.5 MEA: Battery Testing Equipment Market
10.5.1 MEA: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Battery Testing Equipment Market, By Product Type
10.5.3 MEA: Battery Testing Equipment Market, By Application
10.5.4 MEA: Battery Testing Equipment Market, By End-User
10.5.5 MEA: Battery Testing Equipment Market, By Country
10.5.5.1 South Africa: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Battery Testing Equipment Market, By Product Type
10.5.5.1.2 South Africa: Battery Testing Equipment Market, By Application
10.5.5.1.3 South Africa: Battery Testing Equipment Market, By End-User
10.5.5.2 Saudi Arabia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Battery Testing Equipment Market, By Product Type
10.5.5.2.2 Saudi Arabia: Battery Testing Equipment Market, By Application
10.5.5.2.3 Saudi Arabia: Battery Testing Equipment Market, By End-User
10.5.5.3 UAE: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Battery Testing Equipment Market, By Product Type
10.5.5.3.2 UAE: Battery Testing Equipment Market, By Application
10.5.5.3.3 UAE: Battery Testing Equipment Market, By End-User
10.5.5.4 Rest of MEA: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Battery Testing Equipment Market, By Product Type
10.5.5.4.2 Rest of MEA: Battery Testing Equipment Market, By Application
10.5.5.4.3 Rest of MEA: Battery Testing Equipment Market, By End-User
10.6 South and Central America: Battery Testing Equipment Market
10.6.1 South and Central America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 South and Central America: Battery Testing Equipment Market, By Product Type
10.6.3 South and Central America: Battery Testing Equipment Market, By Application
10.6.4 South and Central America: Battery Testing Equipment Market, By End-User
10.6.5 South and Central America: Battery Testing Equipment Market, By Country
10.6.5.1 Brazil: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Battery Testing Equipment Market, By Product Type
10.6.5.1.2 Brazil: Battery Testing Equipment Market, By Application
10.6.5.1.3 Brazil: Battery Testing Equipment Market, By End-User
10.6.5.2 Argentina: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Battery Testing Equipment Market, By Product Type
10.6.5.2.2 Argentina: Battery Testing Equipment Market, By Application
10.6.5.2.3 Argentina: Battery Testing Equipment Market, By End-User
10.6.5.3 Rest of South and Central America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America: Battery Testing Equipment Market, By Product Type
10.6.5.3.2 Rest of South and Central America: Battery Testing Equipment Market, By Application
10.6.5.3.3 Rest of South and Central America: Battery Testing Equipment Market, By End-User
11. Impact of COVID-19 Pandemic
11.1 Impact of COVID-19 Pandemic on Global Battery Testing Equipment Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Competitive Benchmarking
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 Chroma Systems Solutions, Inc.
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 Ametek Scientific Instruments
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 Biologic
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 Bitrode Corporation
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 Digatron Power Electronics GmbH
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 EA Elektro-Automatik
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
13.8 HEiNZINGER
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HORIBA FuelCon GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 KEYSIGHT TECHNOLOGIES, INC.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 PEC
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Webasto Group
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 NH Research, Inc.
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Maccor Inc.
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Unico, LLC
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. France Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 22. France Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 38. China Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. China Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. China Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 41. India Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. India Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 43. India Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 44. Japan Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. South Korea Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 49. South Korea Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Battery Testing Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. South and Central America Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South and Central America Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of South and Central America Battery Testing Equipment Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of South and Central America Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Battery Testing Equipment Market Segmentation
Figure 2. Battery Testing Equipment Market Segmentation – By Geography
Figure 3. Global 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 2020
Figure 6. Electronics and Semiconductor Segment Held the Largest Share in 2020
Figure 7. North America Held the Largest Share in 2020
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Battery Testing Equipment Market– Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Battery Testing Equipment Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Battery Testing Equipment Market
Figure 17. Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Market Positioning/Market Share Analysis – Five Key Players
Figure 19. Battery Testing Equipment Market Revenue Share, by Product Type (2020 and 2028)
Figure 20. Portable Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Stationary Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Battery Testing Equipment Market Revenue Share, by Application (2020 and 2028)
Figure 23. Module Testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Cell Testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Battery Testing Equipment Market Revenue Share, by End-User (2020 and 2028)
Figure 27. Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Electronics and Semiconductor: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Energy and Utility: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Battery Testing Equipment Market Revenue Share, By Region (2020 and 2028)
Figure 34. North America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America Battery Testing Equipment Market Revenue Share, By Product Type (2020 and 2028)
Figure 36. North America Battery Testing Equipment Market Revenue Share, By Application (2020 and 2028)
Figure 37. North America Battery Testing Equipment Market Revenue Share, By End-User (2020 and 2028)
Figure 38. North America Battery Testing Equipment Market Revenue Share, By Country (2020 and 2028)
Figure 39. US: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Battery Testing Equipment Market Revenue Share, By Product Type (2020 and 2028)
Figure 44. Europe: Battery Testing Equipment Market Revenue Share, By Application (2020 and 2028)
Figure 45. Europe: Battery Testing Equipment Market Revenue Share, By End-User (2020 and 2028)
Figure 46. Europe: Battery Testing Equipment Market Revenue Share, By Country (2020 and 2028)
Figure 47. Germany: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. France: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Italy: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. UK: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Russia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. APAC: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Battery Testing Equipment Market Revenue Share, By Product Type (2020 and 2028)
Figure 55. APAC: Battery Testing Equipment Market Revenue Share, By Application (2020 and 2028)
Figure 56. APAC: Battery Testing Equipment Market Revenue Share, By End-User (2020 and 2028)
Figure 57. APAC: Battery Testing Equipment Market Revenue Share, By Country (2020 and 2028)
Figure 58. China: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. India: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Japan: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South Korea: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Australia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of APAC: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Battery Testing Equipment Market Revenue Share, By Product Type (2020 and 2028)
Figure 66. MEA: Battery Testing Equipment Market Revenue Share, By Application (2020 and 2028)
Figure 67. MEA: Battery Testing Equipment Market Revenue Share, By End-User (2020 and 2028)
Figure 68. MEA: Battery Testing Equipment Market Revenue Share, By Country (2020 and 2028)
Figure 69. South Africa: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Saudi Arabia: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. UAE: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of MEA: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. South and Central America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. South and Central America: Battery Testing Equipment Market Revenue Share, By Product Type (2020 and 2028)
Figure 75. SAM: Battery Testing Equipment Market Revenue Share, By Application (2020 and 2028)
Figure 76. South and Central America: Battery Testing Equipment Market Revenue Share, By End-User (2020 and 2028)
Figure 77. South and Central America: Battery Testing Equipment Market Revenue Share, By Country (2020 and 2028)
Figure 78. Brazil: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Argentina: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Rest of South and Central America: Battery Testing Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Impact of COVID-19 Pandemic in North American Country Markets
Figure 82. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 83. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 84. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 85. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Battery Testing Equipment Market
- 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
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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