Battery Test Equipment Market by Function Type, Equipment Type (Portable Equipment, Stationary Equipment), Equipment (Charge/Discharge Tester, Resistance Tester), Industry (Automotive, Consumer Electronics, Energy and Utility) - Global Forecast to 2028
Battery test equipment is a device used for measuring and testing the life cycle of battery systems. It provides the user with storage capacity, voltage, and impedance data. The battery test equipment is utilized to verify various parameters such as capacity retention, internal resistance, discharge rate, and life cycle performance. These test equipment are of two types: portable equipment and stationary/lab equipment.
The global battery test equipment market is expected to grow from USD XX million in 2022 to USD XX million by 2027, at a CAGR of XX%. The key factors boosting market growth are the increasing battery usage in consumer electronics, automotive, and energy & utility industries.
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Drivers: Increasing use of rechargeable batteries to drive the growth of the battery test equipment market
In countries such as India, the rising industrialization is responsible for the growth of manufacturing, consumer electronics, and various other industries. Thus the demand for batteries and especially rechargeable batteries, has increased. Lithium-ion batteries and lead-acid batteries with better efficiency and increased life cycle are responsible for the higher adoption of rechargeable batteries in various applications such as UPS, telecommunication, and automotive. Rechargeable batteries are used in varieties of applications across industries. Hence, the rising demand for rechargeable batteries is driving the growth of the battery test equipment market.
Challenges: High maintenance and component replacement cost
The battery test equipment required very high maintenance, as this testing equipment is used to measure the regular capacity and impedance of the battery. Hence, it is necessary to ensure that this testing equipment works appropriately. In addition, expenditure related to component replacement of this testing equipment is also very high. Hence, the high maintenance and component replacement costs act as a challenge to the growth of the market.
Key players in the market
Ametek Scientific Instruments (US), Arbin Instruments (US), BioLogic Sciences Instruments (France), Bitrode Corporation (US), Century Yuasa Batteries Pty Ltd (Australia), Chauvin Arnoux (France), Chroma Systems Solutions, Inc. (US), EA Elektro-Automatik (Germany), and Extech Instruments (US) are few key players in the battery test equipment market globally.
Recent Developments
- In August 2022, Bitrode Corporation was acquired by the Schuler Group, a leading company in metal forming. This acquisition helps the Schuler Group with the mass production of lithium-ion batteries.
- In September 2021, EA Elektro-Automatik announced its collaboration with National Instruments Corporation to offer bidirectional power supplies that support battery cycling. This collaboration helps test electric vehicles' power levels.
- In October 2020, Century Yuasa Batteries Pty Ltd announced the expansion plans of multimillion-dollar upgradation for factory equipment.
TABLE OF CONTENTS
1 Introduction
1.1. Study Objectives
1.2. Market Definition & Scope
1.2.1. Inclusion & Exclusion
1.3. Study Scope
1.3.1. Markets Covered
1.3.2. Years Covered
1.4. Currency
1.5. Limitations
1.6. Stakeholders
1.7. Summary of Changes
2 Research Methodology
2.1. Research Data
2.1.1. Secondary & Primary Research
2.1.2. Secondary Data
2.1.3. Primary Data
2.1.3.1. Primary interviews with experts
2.1.3.2. Key data from primary sources
2.1.3.3. Key industry insights
2.1.3.4. Breakdown of primaries
2.2. Market Size Estimation
2.2.1. Bottom-up Approach
2.2.2. Top-down Approach
2.3. Market Breakdown & Data Triangulation
2.4. Research Assumptions
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges
5.3. Value Chain Analysis
5.4. Ecosystem
5.5. Pricing Analysis
5.5.1. Average Selling Price of Key Players
5.6. Trends/Disruptions impacting customer’s business
5.7. Technology Analysis
5.8. Porter Five Force Analysis
5.9. Key Stakeholders & Buying Criteria
5.10. Case Study Analysis
5.11. Trade Analysis
5.12. Patent Analysis
5.13. Key Conferences & Events in 2022-2023
5.14. Tariff and Regulatory Landscape
5.14.1. Regulatory Bodies, Government Agencies, And Other Organizations
5.14.2. Regulations and Standards
6 Battery Test Equipment Market, by Function Type
6.1. Introduction
6.2. Cell Testing
6.3. Module Testing
6.4. Pack Testing
7 Battery Test Equipment Market, by Equipment Type
7.1. Introduction
7.2. Portable Equipment
7.3. Stationary/Lab Equipment
8 Battery Test Equipment Market, By Equipment
8.1. Introduction
8.2. Charge/Discharge Tester
8.3. Resistance Tester
8.4. Voltage Monitor
8.5. Digital Hydrometer/Density Meter
8.6. Fault tracker and Locator
8.7. Software
8.7.1. Simulation Software
9 Battery Test Equipment Market, by industry
9.1. Introduction
9.2. Automotive
9.3. Consumer Electronics
9.4. Energy and Utility
9.5. Others
10 Geographic Analysis
10.1. Introduction
10.2. North America
10.3. Europe
10.4. APAC
10.5. Rest of the World
11 Competitive Landscape
11.1. Introduction
11.1.1. Revenue Analysis of Top 5 Companies
11.2. Market Share Analysis of Top 5 Players, 2021
11.3. Company Evaluation Quadrant, 2021
11.3.1. Stars
11.3.2. Emerging Leaders
11.3.3. Pervasive
11.3.4. Participants
11.4. Small and medium Enterprises (SME) Evaluation Quadrant, 2021
11.4.1. Progressive Companies
11.4.2. Responsive Companies
11.4.3. Dynamic Companies
11.4.4. Starting Blocks
11.5. Battery Test Equipment Market: Company Footprint
11.6. Competitive Benchmarking
11.7. Competitive Situation and Trends
11.7.1. Product Launches and Developments
11.7.2. Deals
12 Company Profiles
(Business Overview, Products Offered, MnM Viewpoint)
12.1. Key Players
1.1.1. Ametek Scientific Instruments
1.1.2. Arbin Instruments
1.1.3. BioLogic Sciences Instruments
1.1.4. Bitrode Corporation
1.1.5. Century Yuasa Batteries Pty Ltd
1.1.6. Chauvin Arnoux
1.1.7. Chroma Systems Solutions, Inc.
1.1.8. EA Elektro-Automatik
1.1.9. Extech Instruments
1.1.10. Fluke Corporation
1.1.11. HEiNZINGER
1.1.12. KEYSIGHT TECHNOLOGIES, INC.
1.1.13. Maccor Inc.
1.1.14. Megger Group Limited
1.1.15. Midtronics, Inc.
1.1.16. NH Research, Inc.
1.1.17. PEC
1.1.18. Webasto Group
1.1.19. Xiamen Tmax Battery Equipments Limited
13 Adjacent Market
14 Appendix
14.1. Discussion Guide
14.2. Knowledge Store: MarketsandMarkets’ Subscription Portal
14.3. Available Customizations
14.4. Related Reports
14.5. Author Details
Note: The above-mentioned table of content is tentative, and we may change the content as we proceed in research.
Growth opportunities and latent adjacency in Battery Test Equipment Market