The global battery testing equipment market is estimated to grow at a moderate rate of around 4.6% over the forecast period. The market growth is attributed to the growing demand for medical equipment and the need to reduce battery wastage as continuous testing and maintenance are required to reduce battery wastage, and ensure battery and equipment safety. Batteries have been used for a long time and have been using them for several applications, such as toys, watches, flashlights, laptops, and mobile phones. Apart from these applications, the surge in technological advancement has increased the applications of batteries, including the conversion of renewable energies to electrical energy, to power electric vehicles. There are specific measurements related to safety, performance, and aging of the batteries, such as internal impedance or resistance, rate of charging and discharging at different thermal conditions, the life cycle of batteries in other situations, heat generation during charging & discharging, and the robustness of the battery. These are the key aspects surging the demand for the battery testing equipment and hence drive the market growth.
Market Segmentation
The global battery testing equipment market has been analyzed on the basis of function, battery type, installation, capacity, end-user, offering, and region. Based on the function, the market is segmented into module testing, cell testing, and pack testing. Cell testing market is estimated to hold a prominent share in the market. On the basis of battery type, the market is segmented into Nickel Cadmium (Ni-Cd), Lead Acid, Lithium-ion, Alkaline, and others.
Based on installation, the market is bifurcated stationary and portable. By capacity, the market covers the analysis of less than 100 V, between 100-300 V, and more than 300 V. By offering, the market is bifurcated into in-house and outsourced. Among these, outsourced segment is projected to exhibit considerable growth during the forecast period. Based on end-user, the market is segmented into automotive, aerospace, electronics, telecommunication, defense, renewable & grid energy, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global battery testing equipment market is characterized by the presence of players operating in the market. Some of the players operating in the market include Chroma Systems Solutions, Inc., Keysight Technologies, Inc., Arbin Instruments, Megger, DV Power, Century Yuasa Batteries Pty Ltd, Shenzhen Bonad Instrument Co., Ltd., Kikusui Electronics Corporation, Cadex Electronics Inc., KJ Group, MTI Corporation, Digatron, Elite Electronic Engineering, Inc., Neware battery testers international among others.
• In January 2022, Chroma Systems Solutions, Inc. announced the launch of its new product line, which is high-power DC power supplies with triple output.
• In 2021, Proventia Oy and Keysight Technologies, Inc. started a joint venture for improved battery testing equipment for electric vehicle (EV) batteries.
Global Battery Testing Equipment Market Analysis and Forecast 2019-2028 Table of Contents 1. Market Introduction 1.1. Scope of Study 1.2. Problem Statement 1.3. Market Segmentation 2. Assumptions and Acronyms 3. Executive Summary 3.1. Global Market in 2022 3.2. Analyst Insights & Recommendations 3.3. Growth Opportunities and Key Strategies 3.4. Supply-side and Demand-side Trends 4. Research Methodology 5. Analysis of COVID-19 Impact and Road Ahead 6. Market Indicators and Background 6.1. Macro-Economic Factors 6.2. Forecasting Factors Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others 6.3. Supply Chain & Value Chain Analysis 6.3.1. Raw Material Suppliers 6.3.1.1. Steel/Plastic Enclosure Manufacturers 6.3.1.2. Electronic Components 6.3.1.3. Coolant Providers 6.3.1.4. Harness Suppliers 6.3.2. Battery Testing Equipment Manufacturers 6.3.3. Key End Users 6.4. Industry SWOT Analysis 6.5. PESTLE Analysis 6.6. Porter's Five Forces Analysis 7. Government Laws and Industry Regulations 8. Global and Regional Market Dynamics 8.1. Drivers 8.2. Restraints 8.3. Trends 8.4. Opportunities 9. Global Battery Testing Equipment Market: Key Investment Analysis 9.1. By Battery Manufacturers 9.2. By Region 9.3. By End User 9.4. M&A Activities Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector 10. Pricing Analysis 10.1. By Function 10.1.1. Module Testing 10.1.2. Cell Testing 10.1.3. Pack Testing 10.2. By Capacity 10.2.1. Less than 100 V 10.2.2. Between 100-300 V 10.2.3. More than 300 V 10.3. By Region 10.3.1. North America 10.3.2. Western Europe 10.3.3. Eastern Europe 10.3.4. Asia Pacific 10.3.5. Latin America 10.3.6. Middle East & Africa 11. Parent Market Overview: Global Testing Equipment Market 12. Global End User Industry Assessment 12.1. Global Electric Vehicle Market 12.2. Global Electronics and Semiconductor Industry 12.3. Global Aerospace and Defense Industry 12.4. Global Telecom Industry 12.5. Global Battery Production and Consumption Overview 12.5.1. Installed Capacity 12.5.2. Upcoming Investments and Projects 13. Segmental Analysis 13.1. Global Battery Testing Equipment Market by Function 13.1.1. Segment Overview 13.1.1.1. Module Testing 13.1.1.2. Cell Testing 13.1.1.3. Pack Testing 13.2. Global Battery Testing Equipment Market by Battery Type 13.2.1. Segment Overview 13.2.1.1. Nickel Cadmium (Ni-Cd) 13.2.1.2. Lead Acid 13.2.1.3. Lithium-ion 13.2.1.4. Alkaline 13.2.1.5. Others (Carbon-Zinc, Ni-MH etc.) 13.3. Global Battery Testing Equipment Market by Installation 13.3.1. Segment Overview 13.3.1.1. Portable 13.3.1.2. Stationary 13.4. Global Battery Testing Equipment Market by Capacity 13.4.1. Segment Overview 13.4.1.1. Less than 100 V 13.4.1.2. Between 100-300 V 13.4.1.3. More than 300 V 13.5. Global Battery Testing Equipment Market by End User 13.5.1. Segment Overview 13.5.1.1.1. Automotive 13.5.1.1.2. Aerospace 13.5.1.1.3. Electronics 13.5.1.1.4. Telecommunication 13.5.1.1.5. Defense 13.5.1.1.6. Renewable & Grid Energy 13.5.1.1.7. Others (Biology, Hospital, Medical Technology, etc.) 13.6. Global Battery Testing Equipment Market by Offering 13.6.1. Segment Overview 13.6.1.1.1. In-house 13.6.1.1.2. Outsourced 13.7. Global Battery Testing Equipment Market by Region 13.7.1. North America 13.7.2. Latin America 13.7.3. Western Europe 13.7.4. Eastern Europe 13.7.5. Asia Pacific 13.7.6. Middle East & Africa 14. Regional Analysis 14.1. North America Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.1.1. Regional Market Overview and Key Takeaways 14.1.2. North America Battery Testing Equipment Market by Function 14.1.3. North America Battery Testing Equipment Market by Battery Type 14.1.4. North America Battery Testing Equipment Market by Installation 14.1.5. North America Battery Testing Equipment Market by Capacity 14.1.6. North America Battery Testing Equipment Market by End User 14.1.7. North America Battery Testing Equipment Market by Offering 14.1.8. North America Battery Testing Equipment Market by Country 14.1.8.1. US 14.1.8.2. Canada 14.2. Latin America Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.2.1. Regional Market Overview and Key Takeaways 14.2.2. Latin America Battery Testing Equipment Market by Function 14.2.3. Latin America Battery Testing Equipment Market by Battery Type 14.2.4. Latin America Battery Testing Equipment Market by Installation 14.2.5. Latin America Battery Testing Equipment Market by Capacity 14.2.6. Latin America Battery Testing Equipment Market by End User 14.2.7. Latin America Battery Testing Equipment Market by Offering 14.2.8. Latin America Battery Testing Equipment Market by Country 14.2.8.1. Brazil 14.2.8.2. Mexico 14.2.8.3. Rest of Latin America 14.3. Western Europe Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.3.1. Regional Market Overview and Key Takeaways 14.3.2. Western Europe Battery Testing Equipment Market by Function 14.3.3. Western Europe Battery Testing Equipment Market by Battery Type 14.3.4. Western Europe Battery Testing Equipment Market by Installation 14.3.5. Western Europe Battery Testing Equipment Market by Capacity 14.3.6. Western Europe Battery Testing Equipment Market by End User 14.3.7. Western Europe Battery Testing Equipment Market by Offering 14.3.8. Western Europe Battery Testing Equipment Market by Country 14.3.8.1. Germany 14.3.8.2. UK 14.3.8.3. France 14.3.8.4. Spain 14.3.8.5. Italy 14.3.8.6. Benelux 14.3.8.7. Nordic 14.3.8.8. Rest of Western Europe 14.4. Eastern Europe Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.4.1. Regional Market Overview and Key Takeaways 14.4.2. Eastern Europe Battery Testing Equipment Market by Function 14.4.3. Eastern Europe Battery Testing Equipment Market by Battery Type 14.4.4. Eastern Europe Battery Testing Equipment Market by Installation 14.4.5. Eastern Europe Battery Testing Equipment Market by Capacity 14.4.6. Eastern Europe Battery Testing Equipment Market by End User 14.4.7. Eastern Europe Battery Testing Equipment Market by Offering 14.4.8. Eastern Europe Battery Testing Equipment Market by Country 14.4.8.1. Russia 14.4.8.2. Poland 14.4.8.3. Rest of Eastern Europe 14.5. Asia Pacific Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.5.1. Regional Market Overview and Key Takeaways 14.5.2. Asia Pacific Battery Testing Equipment Market by Function 14.5.3. Asia Pacific Battery Testing Equipment Market by Battery Type 14.5.4. Asia Pacific Battery Testing Equipment Market by Installation 14.5.5. Asia Pacific Battery Testing Equipment Market by Capacity 14.5.6. Asia Pacific Battery Testing Equipment Market by End User 14.5.7. Asia Pacific Battery Testing Equipment Market by Offering 14.5.8. Asia Pacific Battery Testing Equipment Market by Country 14.5.8.1. China 14.5.8.2. Japan 14.5.8.3. India 14.5.8.4. South Korea 14.5.8.5. Australia 14.5.8.6. ASEAN 14.5.8.7. Rest of Asia-Pacific 14.6. Middle East & Africa Battery Testing Equipment Market Analysis and Forecast 2019-2028 14.6.1. Regional Market Overview and Key Takeaways 14.6.2. Middle East & Africa Battery Testing Equipment Market by Function 14.6.3. Middle East & Africa Battery Testing Equipment Market by Battery Type 14.6.4. Middle East & Africa Battery Testing Equipment Market by Installation 14.6.5. Middle East & Africa Battery Testing Equipment Market by Capacity 14.6.6. Middle East & Africa Battery Testing Equipment Market by End User 14.6.7. Middle East & Africa Battery Testing Equipment Market by Offering 14.7. Middle East & Africa Battery Testing Equipment Market by Country 14.7.1.1. GCC 14.7.1.2. South Africa 14.7.1.3. Turkey 14.7.1.4. Rest of the Middle East & Africa 15. Competitive Landscape 15.1. Competition Dashboard 15.1.1. Global and Regional Market Share Analysis 15.1.2. Market Structure 15.2. Competitive Benchmarking 15.3. Key Strategy Analysis 15.4. Company Profiles 15.4.1. Chroma Systems Solutions, Inc. 15.4.1.1. Company Overview 15.4.1.2. Product/Service Offerings 15.4.1.3. Key Financials 15.4.1.4. Recent Developments 15.4.2. Keysight Technologies, Inc. 15.4.2.1. Company Overview 15.4.2.2. Product/Service Offerings 15.4.2.3. Financials 15.4.2.4. Recent Developments 15.4.3. Arbin Instruments 15.4.3.1. Company Overview 15.4.3.2. Product/Service Offerings 15.4.3.3. Financials 15.4.3.4. Recent Developments 15.4.4. Megger Group Limited 15.4.4.1. Company Overview 15.4.4.2. Product/Service Offerings 15.4.4.3. Financials 15.4.4.4. Recent Developments 15.4.5. DV Power (IBEKO Power AB) 15.4.5.1. Company Overview 15.4.5.2. Product/Service Offerings 15.4.5.3. Financials 15.4.5.4. Recent Developments 15.4.6. Century Yuasa Batteries Pty Ltd 15.4.6.1. Company Overview 15.4.6.2. Product/Service Offerings 15.4.6.3. Financials 15.4.6.4. Recent Developments 15.4.7. Shenzhen Bonad Instrument Co., Ltd. 15.4.7.1. Company Overview 15.4.7.2. Product/Service Offerings 15.4.7.3. Financials 15.4.7.4. Recent Developments 15.4.8. Kikusui Electronics Corporation 15.4.8.1. Company Overview 15.4.8.2. Product/Service Offerings 15.4.8.3. Financials 15.4.8.4. Recent Developments 15.4.9. Cadex Electronics Inc. 15.4.9.1. Company Overview 15.4.9.2. Product/Service Offerings 15.4.9.3. Financials 15.4.9.4. Recent Developments 15.4.10. KJ Group 15.4.10.1. Company Overview 15.4.10.2. Product/Service Offerings 15.4.10.3. Financials 15.4.10.4. Recent Developments 15.4.11. MTI Corporation 15.4.11.1. Company Overview 15.4.11.2. Product/Service Offerings 15.4.11.3. Financials 15.4.11.4. Recent Developments 15.4.12. Digatron Power Electronics GmbH 15.4.12.1. Company Overview 15.4.12.2. Product/Service Offerings 15.4.12.3. Financials 15.4.12.4. Recent Developments 15.4.13. Neware Technology Limited 15.4.13.1. Company Overview 15.4.13.2. Product/Service Offerings 15.4.13.3. Financials 15.4.13.4. Recent Developments 15.4.14. Bitrode Corp. 15.4.14.1. Company Overview 15.4.14.2. Product/Service Offerings 15.4.14.3. Financials 15.4.14.4. Recent Developments 16. Disclaimer
List of Figures Figure 01: Global Battery Testing Equipment Market Volume (???000 units), 2019-2021 Figure 02: Global Battery Testing Equipment Market Volume (???000 units) & Y-o-Y Growth (%) Analysis, 2022-2028 Figure 03: Battery Testing Equipment, Pricing Analysis per unit (US$), in 2022 Figure 04: Battery Testing Equipment, Pricing Forecast per unit (US$), in 2028 Figure 05: Global Battery Testing Equipment Market Value Analysis (US$ Mn), 2019-2021 Figure 06: Global Battery Testing Equipment Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022-2028 Figure 07: Global Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 08: Global Battery Testing Equipment Market Y-o-Y Analysis (%) by Module Testing, 2022-2028 Figure 09: Global Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 10: Global Battery Testing Equipment Market Y-o-Y Analysis (%) by Capacity, 2022-2028 Figure 11: Global Battery Testing Equipment Market Size and Market Share Analysis (%) by Region, 2022 & 2028 Figure 12: Global Battery Testing Equipment Market Y-o-Y Growth (%) by Region, 2022-2028 Figure 13: North America Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 14: North America Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 15: North America Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 16: Latin America Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 17: Latin America Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 18: Latin America Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 19: Western Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 20: Western Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 21: Western Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 22: Eastern Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 23: Eastern Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 24: Eastern Europe Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 25: Asia Pacific Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 26: Asia Pacific Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 27: Asia Pacific Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 28: Middle East & Africa Battery Testing Equipment Market Size and Market Share Analysis (%) by Module Testing, 2022 & 2028 Figure 29: Middle East & Africa Battery Testing Equipment Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028 Figure 30: Middle East & Africa Battery Testing Equipment Market Size and Market Share Analysis (%) by Country, 2022 & 2028 List of Tables Table 1: Global Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 2: Global Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 3: Global Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 4: Global Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 5: Global Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region Table 6: Global Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Region Table 7: North America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 8: North America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 9: North America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 10: North America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 11: North America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 12: North America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country Table 13: Latin America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 14: Latin America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 15: Latin America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 16: Latin America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 17: Latin America Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 18: Latin America Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country Table 19: Western Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 20: Western Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 21: Western Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 22: Western Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 23: Western Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 24: Western Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country Table 25: Eastern Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 26: Eastern Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 27: Eastern Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 28: Eastern Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 29: Eastern Europe Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 30: Eastern Europe Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country Table 31: Asia Pacific Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 32: Asia Pacific Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 33: Asia Pacific Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 34: Asia Pacific Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 35: Asia Pacific Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 36: Asia Pacific Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country Table 37: Middle East & Africa Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Module Testing Table 38: Middle East & Africa Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Module Testing Table 39: Middle East & Africa Battery Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity Table 40: Middle East & Africa Battery Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Capacity Table 41: Middle East & Africa Testing Equipment Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 42: Middle East & Africa Testing Equipment Market Volume (???000 units) Analysis and Forecast 2019-2028, by Country
Publisher: RationalStat
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