Global Battery Testing Equipment Market - Forecasts to 2026
As per the research conducted by GME, 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%. With the skyrocketing penetration of the internet & smartphones, increasingly flourishing electronics & semiconductors sector, the advent of an electronic future in the automobile industry is foreseen to have the biggest effect on the development of the demand for such testing equipment.
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Battery Testing Equipment Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/global-battery-testing-equipment-market-2733
Key Market Insights
• Due to rising demand from a diverse range of end-use sectors, the overall market is witnessing skyrocketing growth.
• The stationary segment is likely to lead the market because it assures the battery's ongoing and optimal functioning.
• The cell testing segment retains a sizable market share since it is typically conducted on batteries used in sophisticated battery pulsed charging.
• The growing demand for electric vehicles has led to the supremacy of the 100V capacity segment.
• The automotive application segment is foreseen to predominate because it extensively utilizes this testing equipment to check the overall efficiency of the batteries.
• Corporations in the North American region are working to create better battery testing equipment for the global market.
• 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.
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Product Type Component (Revenue, USD Billion, 2021-2026)
• Stationary Battery Testing Equipment
• Portable Battery Testing Equipment
Function type Outlook (Revenue, USD Billion, 2021-2026)
• Cell Testing
• Module Testing
• Pack Testing
Capacity Outlook (Revenue, USD Billion, 2021-2026)
• Below 100 V
• Between 100-300 V
• Above 300 V
Application Outlook (Revenue, USD Billion, 2021-2026)
• Electronics and Telecommunications
• Grid & Renewable Energy
Region Outlook (Revenue, USD Billion, 2021-2026)
• The U.S.
• Rest of Europe
• South Korea
• Rest of APAC
Central & South America
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• Rest of MEA
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