Battery Testing Equipment Market 2021-2028 Analysis by Trends | Key Companies - include Chroma Systems Solutions, Inc., Keysight Technologies, Inc., Arbin Instruments, Megger, DV Power, Century Yuasa Batteries Pty Ltd

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.

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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.

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Table of Content:

Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation

Chapter Two: Assumptions and Acronyms

Chapter Three: Executive Summary
3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends

Chapter Four: Research Methodology

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Chapter Five: Analysis of COVID-19 Impact and Road Ahead

Chapter Six: 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

Chapter Seven: Government Laws and Industry Regulations

Chapter Eight: Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities

Chapter Nine: Global Battery Testing Equipment Market: Key Investment Analysis

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