Global Battery Testing Equipment Market Size, Trends, and Analysis - Forecasts to 2026 By Product Type (Stationary Battery Testing Equipment, Portable Battery Testing Equipment), By Function Type (Cell Testing, Module Testing, Pack Testing), By Capacity (Below 100 V, Between 100-300 V, Above 300 V) By Application (Automotive Industrial, Electronics and Telecommunications, Medical, Grid & Renewable Energy, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA) and Competitive Landscape
Global Battery Testing Equipment Market: Insights
Batteries are the essential elements when it comes to delivering the required power. To have a constant reliable source of power, testing and regulating the efficiency of these batteries becomes very important for the industries. The battery testing equipment, thus enables the industries/companies to monitor the batteries and ensure a stationary source of power required for various application purposes. The global battery testing equipment market has been witnessing a notable amount of increase in its sales revenue in the last few years. It has also been projected that this market will experience a peak growth in the given period.
Battery testing equipment is used to test and validate the capacity of secondary batteries. This equipment analyses a few of the critical parameters like retention capability, sustenance, and discharge capacities. Irrespective of the lifespan mentioned by the battery manufactures, their discharge capacities can be volatile considering their vulnerability towards changing surrounding circumstances. Just like any other electricals or machinery, the battery users are aware of the gradual loss in performance of batteries, and to avoid sudden power shuts or halts/failure in the mechanism, industry players make use of battery test equipment.
The growing technological advancements are bringing innovations into the market, for instance, lead-acid batteries or rechargeable batteries. Such innovations require more complex and digitally driven battery testers. Thus, the manufacturers of these battery test equipment, to keep up with these upcoming advancements, manufacture highly efficient battery testing equipment. These testing devices are of big assistance in industrial maintenance, automotive, electrical maintenance, testing, and measurements. The growing automotive, manufacturing, and electronics industries are driving higher demand for battery testing equipment within the market, thus increasing the growth rate.
Global Battery Testing Equipment Market: By Product Type
The portable battery testing equipment is the most preferred among industry players compared to the stationary battery testing equipment. The increasing demand for handy portable devices from the industries like electronics and telecommunication, as well as from the medical sector, leads to an increased demand for portable battery testing equipment within the market. These portable battery testing equipment provide a user-friendly experience and better convenience to the end-users.
Also, these portable devices assure compatibility to various kinds of battery types, making them a more favored choice among the end-users. Along with efficiency and convenience, these portable testers also give their end-users a choice pricings and dimensions, thus fitting into their requirements.
Global Battery Testing Equipment Market: By Function
Battery testing is a crucial aspect not just in checking the battery capacity but to check its durability at each stage of product manufacturing. Based on the functionalities, the market is categorized into Cell testing, module testing, and pack testing among others. Cell testing, evaluates the endurance of individual cells, whereas the module and pack testing enable the end-users to test the overall performance of the battery, thus assisting them to study the product life in a better way.
Generally, the pack testing is demanded the most, corresponding to the module testing. The increasing demand from the automotive industry, along with the upcoming trend of electric vehicles, asks for better and advanced functionality from the testing equipment thus increasing the demand and growth rate for pack testing within the market. The cell testing segment is also experiencing fast growth due to the increasing demand from small electronic as well as medical industries.
Global Battery Testing Equipment Market: By Capacity
The battery testing equipment has different testing capacities like below 100V, between 100V-300V, and above 300V. Batteries used in various vehicles, devices, and machines in the automotive industry, electronic, telecommunication, and medical industry majorly consist of capacities below 100V. Thus, below 100V capacity battery tester equipment is high in demand owing to their higher utilization from these industries.
However, with increasing investments in massive manufacturing projects as well as the upcoming market of electric vehicles, the demand for battery testing equipment with a testing capacity between 100V-300V is also witnessing fast growth within the market. The next-generation battery testing systems include testing capacities of 100V to 300V, which facilitates the end-users with comprehensive results including details regarding battery efficiency, capacity, safety, accuracy, and durability.
Global Battery Testing Equipment Market: By Application
The products find their usage in different industries like the automotive industry, renewable energy, electronic and telecommunication industry, medical, and grid other industries. Amongst them, the Automotive industry sector demands the highest battery testing equipment for its applicational purposes.
Automobile manufacturers need to check for the batteries before they hit the road and to ensure safe results. And thus, this industry utilizes pack and module testing to analyze the overall performance of the batteries and their resistance to heat, cooling mechanism, power capacity, and many other characteristics. In recent years, the electronic and telecommunication industry is also witnessing a fast growth rate and high demand revenues in the battery testing equipment market.
Global Battery Testing Equipment Market: By Region
Asia Pacific region holds its dominant position in the global market. APAC is the origin of many end-user companies within the battery testing equipment market. The countries within the APAC region are a huge source of electronics, telecommunication as well as automotive industrial outputs. Countries like China, Japan, India, and Korea have huge investments in the automotive and electronic industry, thus propelling greater demand for battery testing equipment. These countries have started adopting the next-generation testing systems into their automotive and other manufacturing industries, thus resulting in higher growth rates within the battery testing equipment market.
Global Battery Testing Equipment Market: By Share & Competitor Analysis
Arbin Instruments, Midtronics, ADVANTEST CORPORATION, Megger, Chauvin Arnoux, TENMARS ELECTRONICS CO., Extech Instruments, LTD., and Xiamen Tmax Battery Equipments Limited among others, are some of the key industry players within the market.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2018, Advanced Test Equipment Rentals (ATEC) updated and improvised its product portfolio of battery testing equipment to Arbin LBT21024. This enhancement in the telecommunication industry features basic charge and discharge cycling.
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The Global Battery Testing Equipment Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Battery Testing Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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