Battery Testing Equipment Market: Introduction
Battery testing equipment are testing and measuring equipment used for checking the integrity of a secondary battery. The basic parameters verified by battery testing equipment are rated capacity, capacity retention, internal resistance, discharge rate, and life cycle performance. Usually, battery testing equipment are used for the testing of coin cells, prismatic, flat cells, and cylindrical rechargeable batteries. Battery testing equipment are available in two types; stationary and portable. Further, these equipment can be classified according to their function type, such as cell testing, module testing, and pack testing. They are extensively used in the automotive, electronics, and telecommunication industries.
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Battery Testing Equipment Market: Drivers & Challenges
Technological advancements such as lead acid batteries with increased life cycle and better efficiency have increased the demand for rechargeable batteries. More than ever before, these rechargeable batteries have increased the demand for portable products such as powered tools, et cetera. This, in turn, drives the demand for the battery testing equipment market. Further, digitalization and electrification are a couple of other factors attributing towards the growth of the market. Compact design, easy installation, easy operation, and high process reliability are other factors driving the global battery testing equipment market. Some battery testing equipment are touchscreen operational, making them more user-friendly.
Rechargeable batteries are being gradually used in hybrid electric vehicles, heavy motors, and part in end users like automotive, wireless sensor, and tracking devices in remote areas. This widespread industry of automotive is estimated to drive the growth of the market, substantially. However, high maintenance and component replacement expenditure demanded by industrial battery testing equipment challenges the global growth of the battery testing equipment market.
Battery Testing Equipment Market: Segmentation
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Battery Testing Equipment Market: Regional Outlook
Geographically, the battery testing equipment market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, Japan, India, Middle East and Africa, and South East Asia and Pacific. China being the hub of manufacturing of electronics, leads the battery testing equipment market. The South East Asia and Pacific market is expected to register a high growth rate after China, during the forecast period, owing to its mature electronics and telecommunications industry. The presence of key manufacturers is expected to be the primary driver of the battery testing equipment market in Europe. Middle East & Africa and Latin America are estimated to register significant growth over the projected period.
Battery Testing Equipment Market: Key Players
Examples of some of the key players operating in the global battery testing equipment market:
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