ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028
The Asia-Pacific battery testing equipment market is estimated to develop with a CAGR of 5.20% during the forecast period, 2021-2028. The market growth of the region is strengthened by factors such as the increased demand for batteries across numerous end-user industries, the growing younger population, the higher penetration of the internet, and the expected growth in the electric vehicle sector.
ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028
Asia-Pacific 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
The Asia-Pacific battery testing equipment market is estimated to develop with a CAGR of 5.20% during the forecast period, 2021-2028. The market growth of the region is strengthened by factors such as the increased demand for batteries across numerous end-user industries, the growing younger population, the higher penetration of the internet, and the expected growth in the electric vehicle sector.
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The Asia-Pacific battery testing equipment market growth study includes the analysis of Indonesia, India, South Korea, Australia, China, Japan, Thailand, and the rest of the Asia-Pacific. Automotive and consumer electronics are the most eminent industries in Japan, anticipated to play a pivotal role in augmenting the country’s battery testing equipment market growth over the upcoming years. Moreover, in 2020, Toyota Motor and Kyoto University began working on creating a next-generation battery technology with the capability to incorporate more energy into a small and lightweight package, compared to pre-existing lithium-ion batteries.
On the other hand, India is planning to provide nearly $4.6 billion in incentives to businesses by 2030, likely to establish an innovative battery manufacturing facility and promote the use of electric vehicles in the country. India is also observing a significant rise in electric vehicles, owing to the fact that they entail zero tailpipe emissions, in addition to reducing the rates of air pollution. Therefore, these factors are projected to facilitate the battery testing equipment market growth in the Asia-Pacific during the forecasted years.
Century Batteries, headquartered in Australia, concentrates on continual product development through innovation. It caters to the battery requirements of several industries, including heavy machinery, automotive, marine, and others. The company is also strategically involved, exploring novel opportunities generated by the proliferation of electric and hybrid vehicles across the world. As a subsidiary of GS Yuasa Corporation, Century Batteries is a division of Century Yuasa Batteries Pty Ltd.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- 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
- KEY DRIVERS
- 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
- 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
- GEOGRAPHICAL ANALYSIS
- 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
- ASIA-PACIFIC
- 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
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – BATTERY TESTING EQUIPMENT
TABLE 2: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 12: 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: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
FIGURE 7: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY PORTABLE BATTERY TESTING EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY STATIONARY BATTERY TESTING EQUIPMENT, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 10: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY CELL TESTING, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY MODULE TESTING, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY PACK TESTING, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 14: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY AUTOMOTIVE INDUSTRY, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY TELECOM INDUSTRY, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY BATTERY INDUSTRY, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY BATTERY TESTING LABS, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY ENERGY SECTOR, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY ELECTRONICS & SEMICONDUCTOR INDUSTRY, 2021-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: CHINA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 23: JAPAN BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: INDIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: SOUTH KOREA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 26: INDONESIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 27: THAILAND BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: AUSTRALIA BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC BATTERY TESTING EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- 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
- ASIA-PACIFIC
- 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
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.