The battery testing equipment market was valued at US$ 452.40 million in 2019 and is projected to reach US$ 653.71 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.
Increasing developments in electronics industry is a major driver for the global battery testing equipment market. Rising adoption of internet coupled with smartphone usage is expected to increase the demand for portable power sources. This demands the integration of batteries, such as silicon battery—an ideal choice for electronic gadgets, for enhanced energy storage. At present, smartphones with lightweight and innovative features are preferred by consumers across the world.
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Leading Battery Testing Equipment Market Players:
- Arbin Instruments
- Century Yuasa Batteries Pty Ltd
- CHAUVIN ARNOUX
- Chroma Systems Solutions, Inc.
- DV Power
- Extech Instruments
- Megger Group Limited
- Midtronics, Inc.
- Storage Battery Systems, LLC
- Xiamen Tmax Battery Equipment Limited
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the Battery Testing Equipment market size, capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
The report also includes the profiles of key Battery Testing Equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The segments and sub-section of Battery Testing Equipment market are shown below:
Covid-19 Impact and Global Analysis –
- by Product Type (Portable Battery Testing Equipment, Stationary Battery Testing Equipment); Application (Module Testing, Cell Testing, Pack Testing); End-User (Automotive, Electronics and Semiconductor, Telecom, Healthcare, Energy and Utility, Others)
The COVID-19 IMPACT outbreak pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns and travel bans, and business shutdowns. The consumer goods is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products
Major Key Points of Battery Testing Equipment Market
- Battery Testing Equipment Market Overview
- Battery Testing Equipment Market Competition
- Battery Testing Equipment Market, Revenue and Price Trend
- Battery Testing Equipment Market Analysis by Application
- Company Profiles and Key Figures in Battery Testing Equipment Market
- Market Dynamics
- Methodology and Data Source
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