Home Semiconductor & Electronics North America Battery Testing Equipment Market Includes Latest Trends, Share, and Forecas

North America Battery Testing Equipment Market

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North America Battery Testing Equipment Market Size, Share & Trends Analysis Report By Product (Stationary Battery Testing Equipment, Portable Battery Testing Equipment), By Function (Cell Testing, Module Testing, Pack Testing), By Application (Energy & Power, Automobiles, Telecommunication, Electronics, Healthcare, Others) and By Country(US, Canada) Forecasts, 2022-2030

Report Code: SRSE3314DR
Study Period 2018-2030 CAGR 2.7%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD XX Million
Forecast Year 2030 Forecast Year Market Size USD 255.82 million
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Market Overview

The North America battery testing equipment market size is estimated to reach USD 255.82 million by 2030, with a CAGR of 2.70%.

Battery testing is a sort of automotive testing instrument used to determine a battery's charge rate. It is an electronic gadget primarily used to evaluate the battery's state and any defects or faulty functions to assure the device's safety and security. Because batteries are at the core of many machines, power tools, and other devices, it's necessary to examine, record, and track the critical battery operating characteristics. Various government and safety regulatory authorities have certified charge levels, voltage output measurement, charging capacity level, impedance, and other parameters. As a result, a battery testing device is required to prevent severe failures of the supporting equipment and, as a result, the loss of crucial data. EVs, battery cycling, microgrid testing, and other common uses include these. Batteries come in various shapes and sizes.

Types of battery testers: wired and wireless, it is used to test batteries of the AAA, AA, 9V, C, D, and 1.5V types. It can be used, among other things, to test button cells in watches, calculators, and clocks. It is easy to move from one location to another. It can be used at home, in the car, on a bike, and in various other situations.

Analog and Digital — The digital tester is small and lightweight. The digital type requires less time to determine battery status than the analogue type. The digital form of a tester is appropriate for use in the home.

Display screen — The battery information is displayed on an LCD or LED panel.

Market Dynamics

Drivers

Increasing use of batteries in aerospace and military sectors

The usage of battery testing equipment in the military sector has increased due to rising defence spending in countries across the region. The United States and Canada, both of which have high GDPs, work hard to industrialise and improve their infrastructure on a large scale. The Stockholm International Peace Research Institute (SIPRI) estimates that US defence spending climbed by 5.3% in 2019 to US$ 732 billion. The expansion of the North America battery testing equipment market is aided by rising defence spending in these countries. Several aeroplane manufacturers are working on improved battery solutions to help reduce emissions. Furthermore, the rising use of electric aviation technology in commercial aircraft and increased development of advanced battery systems for commercial and military aircraft support market growth. As a result of the increased usage of batteries by the aerospace and military sectors, the demand for battery testing equipment in North America is predicted to rise, propelling the battery testing equipment market forward throughout the forecast period.

Furthermore, the country's expanding military spending and the burgeoning development of electric vehicles by companies like Tesla are projected to give market growth possibilities shortly.

Restraints

The market's growth is hampered by its complexity, high maintenance costs, and potentially dangerous nature

Testing batteries is a complex but necessary process. There are many obstacles that manufacturers must overcome, including the complexity of their systems and the setup required, the length of the testing process, the need to comply with ever-evolving safety requirements, and the potentially dangerous nature of their products. In addition, the testing modules and packs must be subjected to application-based real-world conditions while simultaneously responding to signals from the system, the battery, and any other external devices. The testing of batteries has become a difficult and time-consuming process due to the complicated systems and dangerous compounds involved.

Batteries are a source of both environmental and safety hazards due to their high currents, high voltages, and toxic compounds in their composition. In addition, the testing and setup of batteries take a significant amount of time to comprehend the many chemical reactions and behaviours of batteries. For example, most manufacturers conduct life cycle tests, which can take as long as six months or even longer. It is a time-consuming process because independent testing is required for each application. The regulations and standards further hinder the income potential of the business for battery safety, which is subject to regular revision.

Regional Analysis

The North America battery testing equipment market is divided into the US, Canada & Mexico, based on country.

It is anticipated that the manufacturing sectors of electronics and batteries will continue to thrive in North America, which will allow the region to hold the largest market share. In 2021, the value of the market in North America was estimated to be 3,113 million USD. It is anticipated that significant investments in the region by both the government and private companies will also contribute to the expansion of the electronics industry. The expansion of the consumer electronics industry and the presence of key players in the field of battery testing equipment are two factors that are likely to contribute to the growth of the regional market. The United States has the most considerable contribution to the market compared to other countries, which in 2021 was estimated to be worth 2.087 billion USD.

Because of its solid industrial infrastructure, rapid deployment of battery-based energy storage projects, and increase in renewable power infrastructure, the United States is one of the primary hotspots for industrial batteries worldwide.

The government is increasing the deployment of solar and wind power plants, which must be backed by energy storage systems, to enhance the adoption of clean energy systems and reduce GHG emissions.

Report Scope

Report Metric Details
Segmentations
By Product
  1. Stationary Battery Testing Equipment
  2. Portable Battery Testing Equipment
By Function
  1. Cell Testing
  2. Module Testing
  3. Pack Testing
By Application
  1. Energy & Power
  2. Automobiles
  3. Telecommunication
  4. Electronics
  5. Healthcare
  6. Others
Company Profiles AVL List GmbH Storage Battery Systems, LLC Chen Tech Electric Chroma Systems Solutions, Inc. Megger Group Limited Greenlight Innovation Intertek Group plc Chauvin Arnoux Metrix FLIR Systems 
Geographies Covered
North America US Canada
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The North America battery testing equipment market share is divided into three categories: the product, the function, and the application.

Based on the items that are utilised, the sector of the battery testing market known as portable battery testing equipment is the one that holds the majority of the shares. The increased convenience and reduced weight of portable testing equipment have increased the commodity's price. Additionally, there is a considerable need for portable battery testing in several industries, including the automotive and electronic sectors.

The North America battery testing equipment market is divided into three submarkets: cell testing, module testing, and pack testing, according to their respective functions. The cell testing sector holds the most significant share of the market.

Electronics is the most widely used application; hence it holds the highest market share. The surge in demand for consumer electronics across the region is due to shifting lifestyles, rising per capita incomes of individuals, the availability of smart devices at lower prices, and the expansion of the young population, which is one of the driving factors propelling the growth of the market for electronics.

Market Size By Product

Market Size By Product
  • Stationary Battery Testing Equipment
  • Portable Battery Testing Equipment
  • Recent Developments

    • May 2022, Teledyne FLIR Defense, a subsidiary of Teledyne Technologies Incorporated, has been awarded another $14 million contract to supply the US Army with Black Hornet® 3 Personal Reconnaissance Systems (PRS). As part of the Army's Soldier Borne Sensor (SBS) programme, improved nano unmanned aerial vehicles (UAVs) are used to augment squad and small unit-level surveillance and reconnaissance capabilities.

    Top Key Players

    North America Battery Testing Equipment Market Share of Key Players

    North America Battery Testing Equipment Market Share of Key Players
    AVL List GmbH Storage Battery Systems, LLC Chen Tech Electric Chroma Systems Solutions, Inc. Megger Group Limited Greenlight Innovation Intertek Group plc Chauvin Arnoux Metrix FLIR Systems  Others

    Frequently Asked Questions (FAQs)



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