Global Battery Testing Equipment Market

Global Battery Testing Equipment Market Size, Trends & Analysis - Forecasts to 2026 By Product Type (Stationary, Portable), By Function Type (Cell Testing, Module Testing, Pack Testing), By Capacity (Below 100 V, Between 100-300 V, Above 300V), By Application (Automotive, Industrial, Electronics and Telecommunications, Medical, Grid & Renewable Energy, and Other Applications); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Battery Testing Equipment Market Insights

The battery testing equipment market is estimated to be valued at USD 506.7 million in 2021 and is projected to reach USD 631.44 million by 2026 at a CAGR of 4.5%. Growing advancements in the electronics sector are a significant driving force in the global market. The skyrocketing penetration of the internet, along with the use of smartphones, is foreseen to drive increased demand for portable power sources. This necessitates the use of batteries, including silicon batteries - an excellent option for electrical devices - for increased power storage. Smartphones with compact and creative functionalities are currently chosen by people all over the world. Yet, numerous novel capabilities, including video streaming and high-resolution games, help to improve battery life. As a result, various firms are focused on substituting graphite batteries with silicon batteries, which enhances battery performance. This aspect is presumed to increase demand for such testing equipment in electrical and semiconductor devices. Such devices are extensively utilized in a variety of industries, including electronics and semiconductors, automotive, healthcare, telecommunications, energy and utilities, and many others. The market is presumed to grow rapidly due to heightened requirements for the electronics, automotive, and telecommunications sectors. Rechargeable batteries are increasingly being utilized in hybrid electric cars, large motors, and end-user applications such as automobiles, wireless sensors, and surveillance equipment in distant regions. This broad automotive sector is likely to significantly boost market expansion.

The substantial management and component replacement costs needed by such equipment, on the other hand, provide a hindrance to the global expansion of the market. Technological developments have sparked an exponential rise in the market for portable products, like powered tools, and so on., which often indirectly drive the market. The market is commercialized with battery-testing equipment with highly digital qualities and innovative and easy-to-use elements like touchscreen operational activities. The customers are trying to ingratiate more and more themselves on the trend towards elegance with personalized devices and the accessibility of personalized battery test equipment. The need for portable battery testing equipment is driven by the unusually high number of wearable devices released on the market.

The advent of an electronic future in the automobile industry is projected to have the biggest effect on the development of the demand for such testing equipment. In the automobile industry, battery testing is carried out over a long period to provide a consistent base for battery life assurance. Thus, the high-precision battery testing equipment shortens this time likely to result in the early launch and development of electric vehicles. As a result, the demand for high voltage testing equipment is influencing the development of the market. Equipment and automated technologies that permit and control the operational conditions and life spans of batteries are seen as a cost-effective choice for customers, as compared to the method of frequent battery replacements. Mostly on the supply side, manufacturing companies have extended markets by providing short-term and long-term leasing services.

global battery testing equipment market

Battery Testing Equipment Market: By Product Type

Based on product type, the market is segmented into stationary and portable. The stationary category leads the market because it assures the battery's ongoing and optimal functioning, which aids in the implementation of a proper battery management program. To provide effective battery administration, stationery battery testing adheres to IEEE 450, IEEE 1188, and IEEE 1106 standards. When the battery is installed, capacity testing is done as part of the requirement analysis, susceptibility testing is conducted to determine baseline figures for the battery, and the aforementioned testing procedure is repeated within 2 years for the battery's guarantee. The testing procedure checks the resistance of valve-regulated lead-acid (VRLA) cells quarterly and performs capacity tests for each 25 percent of the anticipated life span.

Battery Testing Equipment Market: By Function Type

Based on function type, the market is split into cell testing, module testing, and pack testing. The cell testing segment retains a sizable market share since it is typically conducted on batteries used in sophisticated battery pulsed charging, EV driving programs, as well as other bespoke charging/discharging reforms with voltage ratings of close to 10V. The growing demand for the automobile industry, along with the ongoing electric motor transition, demands increased, up-to-date functionality of testing equipment, thus boosting the market demand for it and the advancement of cell testing. The market of cell testing is rapidly rising, owing to growing demand in both the small and medical industries.

Battery Testing Equipment Market: By Capacity

Based on capacity, the market is classified as below 100 V, between 100-300 V, and above 300V. As a result of the high consumption in these segments, less than 100V of power is dominant in the market. However, with significant growth in significant development programs and also the growing demand for electric vehicles, the requirement for test equipment with a test potential between some 100V and 300V is also undergoing significant growth in the segment. From now millennium battery testing systems provide 100V to 300V test capability, which facilitates end-users with detailed data, providing information on battery performance, capacity, protection, reliability, and consistency. which facilitates end-users with comprehensive results, including details regarding battery efficiency, capacity, safety, accuracy, and durability.

Battery Testing Equipment Market: By Application

Based on the application, the market is divided into automotive, industrial, electronics and telecommunications, medical, grid & renewable energy, and other applications. For its applicational purposes, the auto sector demands the highest possible level of battery test equipment. Automobile manufacturers ought to verify the batteries before they approach the market to maintain safety performance. This sector, therefore, uses kit and package testing to evaluate the overall efficiency of the batteries and their susceptibility to heat, cooling systems, voltage regulation, and several other features. The computer and telecommunications sector has also seen strong growth in the market and high demand for sales in the past few years.

asia pacific battery testing equipment market

Battery Testing Equipment Market: By Regional

North America is foreseen to dominate the market. Corporations in this region are working to create better battery testing equipment for the global market. The US Army's increasing acquisition of sophisticated batteries is also aiding industry development. Additionally, growing military expenditures in countries, including the United States, are projected to fuel market development during the forecast period.

APAC is foreseen to report the highest CAGR. Due to growing border clashes with bordering countries, emerging nations, including India, China, and many others, are ramping up their military capabilities. Furthermore, the growing manufacturing sector in these nations is set to elevate market expansion in the approaching years. The Asia Pacific is one of the most profitable locations for this market. The involvement of a diverse range of well-established businesses from the electronics sector is one of the primary drivers of this expansion. Aside from that, the market is likely to develop significantly due to the region's robust telecommunications industry.

Battery Testing Equipment Market Share and Competitor Analysis

Century Yuasa Batteries Pty Ltd., Chroma Systems Solutions, Inc., Extech Instruments, ADVANTEST CORPORATION, Chauvin Arnoux, Megger, TENMARS ELECTRONICS CO., LTD., Arbin Instruments, Midtronics, Xiamen Tmax Battery Equipments Limited are top players in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview And Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Battery Testing Equipment Industry Overview, 2016-2026

2.1.1 Industry Overview

2.1.2 Product Function Type Overview

2.1.3 Application Overview

2.1.4 Capacity Type Overview

2.1.5 Function Type Overview

2.1.6 Regional Overview

Chapter 3 Battery Testing Equipment Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2016-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Increasing Development of Personalized Battery Test Equipment

3.3.1.2 Increasing Investments in Research and Development Activities

3.3.2 Industry Challenges

3.3.2.1 The Substantial Management And Component Replacement Costs

3.4 Prospective Growth Scenario

3.4.1 Product Function Type Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 Capacity Type Growth Scenario

3.4.4 Function Type Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Battery Testing Equipment Market, By Product Function Type

4.1 Product Function Type Outlook

4.2 Stationary

4.2.1 Market Size, By Region, 2016-2026 (USD Million)

4.3 Portable

4.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 5 Battery Testing Equipment Market, By Application

5.1 Application Outlook

5.2 Automotive

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

5.3 Industrial

5.3.1 Market Size, By Region, 2016-2026 (USD Million)

5.4 Electronics and Telecommunications

5.4.1 Market Size, By Region, 2016-2026 (USD Million)

5.5 Medical

5.5.1 Market Size, By Region, 2016-2026 (USD Million)

5.6 Grid & Renewable Energy

5.6.1 Market Size, By Region, 2016-2026 (USD Million)

5.7 Other Applications

5.7.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 6 Battery Testing Equipment Market, By Capacity Type

6.1 Capacity Type Outlook

6.2 Below 100 V

6.2.1 Market Size, By Region, 2016-2026 (USD Million)

6.3 Between 100-300 V

6.3.1 Market Size, By Region, 2016-2026 (USD Million)

6.4 Above 300V

6.4.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 7 Battery Testing Equipment Market, By Function Type

7.1 Function Type Outlook

7.2 Cell Testing

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

7.4 Module Testing

7.4.1 Market Size, By Region, 2016-2026 (USD Million)

7.5 Pack Testing

7.5.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 8 Battery Testing Equipment Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country, 2016-2026 (USD Million)

8.2.2 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.2.3 Market Size, By Application, 2016-2026 (USD Million)

8.2.4 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.2.5 Market Size, By Function Type, 2016-2026 (USD Million)

8.2.6 U.S.

8.2.6.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.2.6.2 Market Size, By Application, 2016-2026 (USD Million)

8.2.6.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.2.6.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.2.7 Canada

8.2.7.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.2.7.2 Market Size, By Application, 2016-2026 (USD Million)

8.2.7.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.2.7.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3 Europe

8.3.1 Market Size, By Country, 2016-2026 (USD Million)

8.3.2 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.3 Market Size, By Application, 2016-2026 (USD Million)

8.3.4 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.5 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.6 Germany

8.3.6.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.6.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.6.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.6.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.7 UK

8.3.7.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.7.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.7.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.7.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.8 France

8.3.8.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.8.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.8.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.8.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.9 Italy

8.3.9.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.9.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.9.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.9.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.10 Spain

8.3.10.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.10.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.10.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.10.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.3.11 Russia

8.3.11.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.3.11.2 Market Size, By Application, 2016-2026 (USD Million)

8.3.11.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.3.11.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.4 Asia Pacific

8.4.1 Market Size, By Country, 2016-2026 (USD Million)

8.4.2 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.3 Market Size, By Application, 2016-2026 (USD Million)

8.4.4 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.4.5 Market Size, By Function Type, 2016-2026 (USD Million)

8.4.6 China

8.4.6.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.6.2 Market Size, By Application, 2016-2026 (USD Million)

8.4.6.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.4.6.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.4.7 India

8.4.7.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.7.2 Market Size, By Application, 2016-2026 (USD Million)

8.4.7.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.4.7.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.4.8 Japan

8.4.8.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.8.2 Market Size, By Application, 2016-2026 (USD Million)

8.4.8.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.4.8.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.4.9 Australia

8.4.9.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.9.2 Market size, By Application, 2016-2026 (USD Million)

8.4.9.3 Market size, By Capacity Type, 2016-2026 (USD Million)

8.4.9.4 Market size, By Function Type, 2016-2026 (USD Million)

8.4.10 South Korea

8.4.10.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.4.10.2 Market Size, By Application, 2016-2026 (USD Million)

8.4.10.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.4.10.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.5 Latin America

8.5.1 Market Size, By Country, 2016-2026 (USD Million)

8.5.2 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.5.3 Market Size, By Application, 2016-2026 (USD Million)

8.5.4 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.5.5 Market Size, By Function Type, 2016-2026 (USD Million)

8.5.6 Brazil

8.5.6.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.5.6.2 Market Size, By Application, 2016-2026 (USD Million)

8.5.6.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.5.6.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.5.7 Mexico

8.5.7.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.5.7.2 Market Size, By Application, 2016-2026 (USD Million)

8.5.7.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.5.7.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.5.8 Argentina

8.5.8.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.5.8.2 Market Size, By Application, 2016-2026 (USD Million)

8.5.8.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.5.8.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.6 MEA

8.6.1 Market Size, By Country, 2016-2026 (USD Million)

8.6.2 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.6.3 Market Size, By Application, 2016-2026 (USD Million)

8.6.4 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.6.5 Market Size, By Function Type, 2016-2026 (USD Million)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.6.6.2 Market Size, By Application, 2016-2026 (USD Million)

8.6.6.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.6.6.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.6.7 UAE

8.6.7.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.6.7.2 Market Size, By Application, 2016-2026 (USD Million)

8.6.7.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.6.7.4 Market Size, By Function Type, 2016-2026 (USD Million)

8.6.8 South Africa

8.6.8.1 Market Size, By Product Function Type, 2016-2026 (USD Million)

8.6.8.2 Market Size, By Application, 2016-2026 (USD Million)

8.6.8.3 Market Size, By Capacity Type, 2016-2026 (USD Million)

8.6.8.4 Market Size, By Function Type, 2016-2026 (USD Million)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 Century Yuasa Batteries Pty Ltd.

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Chroma Systems Solutions, Inc.

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Extech Instruments

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 ADVANTEST CORPORATION

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 Chauvin Arnoux

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 Megger

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 TENMARS ELECTRONICS CO., LTD.

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Arbin Instruments

7.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 Midtronics

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 Xiamen Tmax Battery Equipments Limited

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

9.12 Other Companies

9.12.1 Company Overview

9.12.2 Financial Analysis

9.12.3 Strategic Positioning

9.12.4 Info Graphic Analysis

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.