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NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028

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NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028

The North America battery testing equipment market is projected to grow with a CAGR of 4.22% over the forecast years of 2021 to 2028. The market growth of the region is driven by key factors such as the rapid adoption of advanced technologies, the increasing disposable incomes and high standards of living, as well as the presence of developed infrastructure.

NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET FORECAST 2021-2028

North America 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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The North America battery testing equipment market is projected to grow with a CAGR of 4.22% over the forecast years of 2021 to 2028. The market growth of the region is driven by key factors such as the rapid adoption of advanced technologies, the increasing disposable incomes and high standards of living, as well as the presence of developed infrastructure.

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The North America battery testing equipment market growth assessment comprises the study of the United States and Canada. The United States harbors a wide range of industries, including consumer electronics, oil & gas, and healthcare, among others. The country’s augmenting industrial division is anticipated to positively impact the growth of battery-powered devices, thereby strengthening the adoption of battery testing equipment in the region.

On the other hand, leading companies like Extech Instruments, Arbin Instruments, Midtronics Inc, and Chroma Systems Solutions Inc in the United States provide battery testing equipment to diversified sectors. This further influences the country’s market, owing to the significant measures undertaken by these firms. Also, the United States has specific standards established for the fundamental comprehension as well as the judgment of materials, processes, and products. These include IEC 62133-2:2017, a standard developed for portable sealed secondary lithium cells’ safety requirements. Therefore, these factors are set to promote the North America battery testing equipment market over the forecasting period.

Midtronics Inc focuses on the development of technologies for improving the way batteries are managed, charged, and tested by establishing itself as a battery technology partner for leading automobile and heavy truck manufacturers, battery manufacturers, and vehicle service organizations globally. The firm’s product portfolio includes service chargers, electric vehicle solutions, testers, diagnostic chargers, accessories/parts, information systems, and in-vehicle solutions. It also provides Midtronics Testers for battery and electrical systems. The company is headquartered in the United States.

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    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
    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: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

    TABLE 4: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA 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: NORTH AMERICA BATTERY TESTING EQUIPMENT MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 20: NORTH AMERICA 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)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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

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