Battery Testing Equipment Market

Inkwood Research estimates that the global battery testing equipment market will reach $641.14 million by 2028, growing at a CAGR of 4.55% during the forecast period.

Battery testing equipment encompasses devices used to test batteries. Multifunctional testing equipment such as mustimeters and voltmeters with varied applications apart from testing batteries is not considered for deriving this market.

GLOBAL BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028

Global Battery Testing Equipment Market by Product Type (Portable Battery Testing Equipment, Stationary Battery Testing Equipment) Market by Application (Cell Testing, Module Testing, Pack Testing) Market by End-user (Automotive Industry, Telecom Industry, Battery Industry, Battery Testing Labs, Energy Sector, Electronics & Semiconductor Industry, Other End-users) by Geography

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Report Summary

Inkwood Research estimates that the global battery testing equipment market will reach $641.14 million by 2028, growing at a CAGR of 4.55% during the forecast period.

Battery testing equipment encompasses devices used to test batteries. Multifunctional testing equipment such as mustimeters and voltmeters with varied applications apart from testing batteries is not considered for deriving this market.

By type, the market is segmented into portable and stationary. Portable battery testing equipment includes digital hydrometers, handheld battery testing equipment, ground fault locators, etc. While the stationary ones are majorly used for advanced applications such as research and EV battery testing.

Battery Testing Equipment Market

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Key enablers of the global battery testing equipment market growth are:

  • Growing demand from the battery market
    • Globally, the demand for batteries is on the rise. Batteries are used in almost every industry, such as energy storage, substations, Home UPS systems, automotive SLI, automotive traction, small consumer electronics, power backups in telecoms, etc.
    • There are three areas where battery demand will grow exponentially during the forecast period, electric vehicles, consumer electronics, and the energy sector.
    • Battery testing equipment plays a vital role in the battery industry since it tests various battery health parameters. Also, battery manufacturers use battery testing equipment for testing as they need to comply with various standards and codes to ensure battery safety.
    • Furthermore, the research & development depends on battery testing to test their new battery cells, modules, or pack. Thus, growth in demand for batteries increases the prospects of the battery testing equipment market.
  • Compliance with various battery standards

Key factors restraining the market growth are:

  • High costs of battery testing equipment
    • Manufacturing battery testing equipment is capital intensive.
    • Battery testing equipment that provides users with additional features services can be developed by companies with larger spending capacities. However, cost-conscious battery testing equipment providers and small and medium-scale equipment providers avoid investing in the development of such advanced equipment.
    • Furthermore, battery testing can be time-consuming because understanding battery behavior necessitates re-running tests to cover all possible circumstances.
  • Technical challenges in battery testing

The report scope of the global battery testing equipment market covers the segmentation analysis of product type, application, and end-user.

Market by Product Type:

  • Portable Battery Testing Equipment
  • Stationary Battery Testing Equipment
    • Stationary battery testing equipment captured the largest market share of 64.28% in 2020.
    • The stationary battery testing equipment guarantees that the battery operates continuously and efficiently, making the good battery maintenance program easier.
    • Also, the growing demand for electric vehicle batteries is projected to influence the stationary battery testing equipment market growth.

Geographically, the global battery testing equipment market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Australia, and Rest of Asia-Pacific
    • Asia-Pacific captures the largest market share in the global market. Moreover, high-growth countries such as India and China are expected to create more battery demands for various end-user industries.
    • The higher share of the young population, higher penetration of the internet, and increasing disposable incomes are expected to drive consumer electronics products such as mobile phones and tablets.
    • Moreover, the region’s estimated electric vehicle industry growth is expected to drive the demand for battery testing equipment from manufacturers and R&D labs.
  • Rest of World: Latin America, Middle East & Africa

The major players in the global battery testing equipment market are:

  • Arbin Instruments
  • Chroma Systems Solutions Inc
  • Megger Group Limited
  • Midtronics Inc
  • Exponential Power
  • Xiamen Tmax Battery Equipments Limited

Key strategies adopted by some of these companies:

Elektro-Automatik (EA) and NI (formerly National Instruments) teamed together in September 2021 to develop a bi-directional power supply for electric vehicle battery cycling and power level measurement. Volkswagen Group Components built a cell research and development laboratory in Salzgitter, Germany, in September 2021. Arbin Instruments released its three-electrode ‘3E’ coincell design in September 2020.

Key findings of the global battery testing equipment market:

  • There is a growing demand for testing in healthcare equipment.
  • There is increasing demand due to research in UAVs and urban air mobility.
  • There are market growth opportunities due to the developing defense sector.
  • There is increased research on storage technologies in the energy sector
  • The research on solid-state batteries offers growth opportunities.

Frequently Asked Questions (FAQs):

  • Which is the largest end-user in the global battery testing equipment market?

A: Automotive Industry is the largest end-user in the global battery testing equipment market.

  • Which is the fastest-growing application in the global battery testing equipment market?

A: Pack Testing is the fastest-growing application in the global battery testing equipment market.

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • GROWING DEMAND FROM THE BATTERY MARKET
        • COMPLIANCE WITH VARIOUS BATTERY STANDARDS
      • KEY RESTRAINTS
        • HIGH COST OF BATTERY TESTING EQUIPMENT
        • TECHNICAL CHALLENGES IN BATTERY TESTING
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON BATTERY TESTING EQUIPMENT MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
    2. MARKET BY PRODUCT TYPE
      • PORTABLE BATTERY TESTING EQUIPMENT
      • STATIONARY BATTERY TESTING EQUIPMENT
    3. MARKET BY APPLICATION
      • CELL TESTING
      • MODULE TESTING
      • PACK TESTING
    4. MARKET BY END-USER
      • AUTOMOTIVE INDUSTRY
      • TELECOM INDUSTRY
      • BATTERY INDUSTRY
      • BATTERY TESTING LABS
      • ENERGY SECTOR
      • ELECTRONICS & SEMICONDUCTOR INDUSTRY
      • OTHER END-USERS
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • RUSSIA
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • REGIONAL ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ARBIN INSTRUMENTS
        • CENTURY BATTERIES
        • CHAUVIN ARNOUX
        • CHROMA SYSTEMS SOLUTIONS INC
        • DV POWER
        • EXPONENTIAL POWER
        • EXTECH INSTRUMENTS
        • MEGGER GROUP LIMITED
        • MIDTRONICS INC
        • XIAMEN TMAX BATTERY EQUIPMENTS LIMITED

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – BATTERY TESTING EQUIPMENT

    TABLE 2: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: GLOBAL PORTABLE BATTERY TESTING EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: GLOBAL PORTABLE BATTERY TESTING EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: GLOBAL STATIONARY BATTERY TESTING EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: GLOBAL STATIONARY BATTERY TESTING EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: GLOBAL CELL TESTING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: GLOBAL CELL TESTING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: GLOBAL MODULE TESTING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 13: GLOBAL MODULE TESTING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 14: GLOBAL PACK TESTING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 15: GLOBAL PACK TESTING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 16: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 17: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 18: GLOBAL AUTOMOTIVE INDUSTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 19: GLOBAL AUTOMOTIVE INDUSTRY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 20: GLOBAL TELECOM INDUSTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 21: GLOBAL TELECOM INDUSTRY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 22: GLOBAL BATTERY INDUSTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 23: GLOBAL BATTERY INDUSTRY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 24: GLOBAL BATTERY TESTING LABS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 25: GLOBAL BATTERY TESTING LABS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 26: GLOBAL ENERGY SECTOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 27: GLOBAL ENERGY SECTOR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 28: GLOBAL CONSUMER ELECTRONICS & SEMICONDUCTOR INDUSTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 29: GLOBAL CONSUMER ELECTRONICS & SEMICONDUCTOR INDUSTRY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 30: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 31: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 32: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 33: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 34: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 35: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 36: EUROPE BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 37: EUROPE BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 38: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 39: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 40: REST OF WORLD BATTERY TESTING EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 41: REST OF WORLD BATTERY TESTING EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 42: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 43: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 44: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: KEY BUYING CRITERIA

    FIGURE 6: GLOBAL BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020

    FIGURE 7: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY PORTABLE BATTERY TESTING EQUIPMENT, 2021-2028 (IN $ MILLION)

    FIGURE 8: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY STATIONARY BATTERY TESTING EQUIPMENT, 2021-2028 (IN $ MILLION)

    FIGURE 9: GLOBAL BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 10: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY CELL TESTING, 2021-2028 (IN $ MILLION)

    FIGURE 11: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY MODULE TESTING, 2021-2028 (IN $ MILLION)

    FIGURE 12: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY PACK TESTING, 2021-2028 (IN $ MILLION)

    FIGURE 13: GLOBAL BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 14: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY AUTOMOTIVE INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 15: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY TELECOM INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 16: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY BATTERY INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 17: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY BATTERY TESTING LABS, 2021-2028 (IN $ MILLION)

    FIGURE 18: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY ENERGY SECTOR, 2021-2028 (IN $ MILLION)

    FIGURE 19: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY ELECTRONICS & SEMICONDUCTOR INDUSTRY, 2021-2028 (IN $ MILLION)

    FIGURE 20: GLOBAL BATTERY TESTING EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 22: UNITED STATES BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: CANADA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: EUROPE BATTERY TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 25: UNITED KINGDOM BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: GERMANY BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 27: FRANCE BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 28: ITALY BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 29: SPAIN BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: RUSSIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: REST OF EUROPE BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 33: CHINA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 34: JAPAN BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 35: INDIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 36: SOUTH KOREA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 37: INDONESIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 38: THAILAND BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 39: AUSTRALIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 40: REST OF ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 41: REST OF WORLD BATTERY TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 42: LATIN AMERICA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 43: MIDDLE EAST & AFRICA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)

    Segmentation

    1. MARKET BY PRODUCT TYPE
      • PORTABLE BATTERY TESTING EQUIPMENT
      • STATIONARY BATTERY TESTING EQUIPMENT
    2. MARKET BY APPLICATION
      • CELL TESTING
      • MODULE TESTING
      • PACK TESTING
    3. MARKET BY END-USER
      • AUTOMOTIVE INDUSTRY
      • TELECOM INDUSTRY
      • BATTERY INDUSTRY
      • BATTERY TESTING LABS
      • ENERGY SECTOR
      • ELECTRONICS & SEMICONDUCTOR INDUSTRY
      • OTHER END-USERS
    4. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • RUSSIA
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • REGIONAL ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA

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