Battery Test Equipment Market Size, Share & COVID-19 Impact Analysis, By Product Type (Stationary and Portable), By Function Type (Cell Testing, Module Testing, and Pack Testing), By Application (Automotive, Industrial, Electronics & Telecommunication, Medical, Grid & Renewable Energy, and Others (Logistics)), and Regional Forecast, 2023 – 2030

The global battery test equipment market size was valued at USD 503.6 million in 2022. The market is projected to grow from USD 525.3 million in 2023 to USD 739.8 million by 2030, exhibiting a CAGR of 5.0% during the forecast period.

Battery testing equipment is an electronic device designed to measure battery life and voltage capacity. The equipment provides the user with data and charts for battery storage capacity, output voltage, and condition. The technology varies from the currently available cell voltage to a more advanced and comprehensive testing method, such as charge accumulation, EV drive cycle simulations, dynamic stress tests, and others.

The battery test equipment industry globally is expanding on a massive scale with the extensive growth of electric vehicles. The motor drive systems’ battery continuously evolves with safer and more tested methodologies. Moreover, supporting government policies and norms drive the battery test equipment industry, raising market capital. Limited lithium resources and alternative battery materials have increased the innovation index across test equipment. Thus, new research possibilities are expanding the growth opportunities for battery test equipment manufacturers.

COVID-19 IMPACT

Strong Demand and Strict EV Battery Tests Amid Pandemic to Provide Long-term Growth

During the pandemic, the market witnessed a shift in essential industrial testing products and services supported by the strong battery demand. The increasing adoption of electric vehicles, renewable energy systems, and energy storage systems drives the need for essential and efficient battery equipment. Furthermore, there has been a recovery in the market due to the demand for efficient energy storage devices across small portable devices and EVs. These energy and efficient storage systems are required to pass strict norms and testing standards, thereby requiring highly accurate and precise battery test products and services to provide long-term market growth.

• For instance, in February 2023, European battery makers geared up for battery manufacturing with USD 647 billion granted by the European Commission to expand research expenses across clean battery technologies.

LATEST TRENDS

Adoption of Electric Vehicles and Portable Testing Solutions to Support Green Change 

The global transition to clean mobility and shift to electric vehicles has brought a fast pace of the battery market growth. Also, the increasing efficiency of battery storage solutions and strict norms for battery safety are expanding the possibilities of battery testing solutions. Furthermore, trends across automation and robotics solutions for intelligent automation solutions for operational excellence are revolutionizing green change across the logistics sector. Thus, automation and transition to green mobility solutions are anticipated to expand the battery test equipment market share during the forecast period.

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DRIVING FACTORS

Technological Advancements and Increasing Battery Testing Demand across EVs to Drive Market Growth

The post-pandemic rise in consumer demand for electric vehicles was supported by government regulations and subsidies supporting the battery segment’s growth. Also, developing advanced, efficient, and liquid-cooled battery solutions need smart and intelligent testing solutions to drive market revenue. Furthermore, the development of advanced software and central data storage solutions in battery testing, providing a reliable and better testing environment for battery testing, is driving the battery test equipment market growth over the forecast period.

• For instance, in September 2022, Ambri, molten salt batteries manufacturer, partnered with Arbin Instruments, a global battery testing instrumentation leader, to provide high-current battery testing solutions.

RESTRAINING FACTORS

Complex Testing Requirements and High Cost of Advancements to Impede Market Growth

Battery technologies are complex and need specialized testing solutions for the efficient and precise measurement of battery performance. The criteria, such as battery cooling or heating properties, battery voltage performance, and advanced battery validations, are complex tests requiring advancements. Moreover, the restraints hampering market growth are lower investment across research by battery testing solution providers and the high cost of battery testing advancements.

SEGMENTATION

By Product Type Analysis

Growing Stationary Battery Use in Lithium Ion Battery Test to Expand Market Share

Based on product type, the market is classified into stationary and portable.

With the growing need for efficient and longer-life battery solutions, lithium-ion battery use across electric drive units has risen sharply, significantly surging the demand for cells and modules. These battery devices are compact and need accurate test solutions. Stationary test equipment offers stable test operations and precise data logging, thus dominating the product type segment with the highest CAGR over the forecast period. Such capabilities of stationary battery testing equipment will boost the market in the long term.

On-site battery test solutions for the smart mobility solution industry require immediate battery checks and validation that provide sustainable growth to portable battery testing equipment.

By Function Type Analysis

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Expanding Electronics and Battery Cell Usage to Hike Battery Test Demand

Based on function type, the market is segmented into cell testing, module testing, and pack testing.

Electronics battery cell manufacturing has proliferated due to its requirement for three major processes. 35% to 45% in the manufacturing of electrodes, 25% to 35% to cell assembly & finish, and the rest 30% to 35% was required for the cell testing process. With expanding market possibilities for electronic good industries, cell testing functionality dominates the market with the highest share.

Sustainable development across battery modules for high-power electronic products provides modest growth to the module testing equipment. Also, an increase in sales of electric vehicles and mobility solutions to grow the demand for battery packs significantly raises the need for pack testing across the industry.

By Application Analysis

Rising Application of Lithium Batteries across the Automotive Industry to Raise Market Potential

Based on application, the market is segmented into automotive, industrial, electronics & telecommunication, medical, grid & renewable energy, and others (logistics).

Expanding supply chain and transportation industry, owing to e-commerce growth and delivery solutions has raised the demand for lithium batteries across the mobility sector. Furthermore, consumers are switching to intelligent mobility solutions due to hike in oil prices and potential savings in new mobility to dominate the use of test equipment across the automotive industry during the forecast period.

The rising use of battery packs and modules test equipment for operational performance across industrial electronics & telecommunication devices and other logistic solutions is growing the segmental share. Furthermore, high demand for modern battery packs, backup solutions, and battery test equipment across medical, grid & renewable energy is anticipated to increase the market share during the forecast period.

REGIONAL INSIGHTS

According to our analysis, the market is studied for North America, Asia Pacific, Europe, the Middle East & Africa, and South America.

The Asia Pacific battery testing equipment market share is estimated to grow extensively with the growing engagement of many small players offering battery test services and features. Moreover, increased competency and global demand for EVs across slight to mid-range segments are observed to grow the possibilities for expanding market share. China, Japan, and significant players in the market are regarded to grow extensively, with potential investments and research across battery technology advancements.

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Across Asia Pacific, China is anticipated to grow extensively with the transition of mobility solutions to clean battery technology and is observed to expand the market share over the forecast period. This is prominently due to its dominating control of 44% of lithium resources globally. Furthermore, China’s strategy to control the significant share of battery components is raising investment across battery technology advancements and cell manufacturing for electric vehicles to expand market share globally.

• For instance, in October 2022, in a keynote session, Moises Levy, Senior Principal Analyst, stated at a battery show that China handles 84% of the anode, 63% of the cathode, 69% of the electrolytes, and 66% of the separators. With further investment activities, China’s share will rise to 91%, 84%, 75%, and 76%, respectively.

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North America is growing progressively with a well-established battery manufacturing industry driven by the demand for electric vehicles and energy storage systems. Stringent safety and performance standards supported by government initiatives promote renewable battery solutions to increase the region’s market growth.

• For instance, in November 2021, the U.S. government’s recent Infrastructure Investment and Jobs Act (bipartisan law) provided USD 7 billion for material processing, cell/component manufacturing, and recycling.

Europe is analyzed to grow steadily with a clean energy transition and adoption of electric vehicles driving the demand for battery testing and certification. The region has strict regulations and safety standards for batteries and performance rules to surge demand. Also, Germany, France, and the U.K. are critical markets for development due to their more substantial industrial and technological base.

• For instance, in March 2023, the European Union passed new battery regulations that set out parameters for electrochemical performance and durability. It also emphasizes determining the battery’s state of health and expected lifetime.

The Middle East & Africa market is witnessing significant growth in renewable energy projects and demand for energy storage systems. Governments in this region focus on diversifying the energy sources and minimizing their dependencies on fossil fuels, creating opportunities for the battery industry. Furthermore, reliable testing solutions required for batteries’ strong performance significantly surge the demand for battery test equipment.

• For instance, in May 2023, the Israeli Government deployed more energy storage systems and the Ministry of Energy and Infrastructure declared the large-scale renewable 800MW project. Renewable energy generated in this region will be stored in the Battery Energy Storage System (BESS) facility.

South America is observed to grow sustainably with the deliberate adoption of EVs and the need for energy storage systems for renewable energy infrastructure. These driving forces are raising subtle demand for battery test solutions.

• For instance, in March 2023, Brazil inaugurated the first large-scale energy storage system of 30 MW capacity, which invested around USD 27.86 million.

KEY INDUSTRY PLAYERS

Complex Test and Product Diversification Strategies by Key Players to Raise Market Capital

Key players operating in the market hold a significant market share with organic sales, and the availability of complex test offerings is expanding the market potential. Also, players operating in the market offer robust and reliable testing solutions to raise demand for complex battery test equipment. Furthermore, impulsive product diversification strategies are implemented to expand sales and global reach.

• For instance, in March 2023, UNICO LLC, a U.S.-based battery test equipment manufacturer, launched its multichannel battery testing platform combining battery pack, module, and cell test channels to enable cheaper and streamlined test solutions.

List of Key Companies Profiled:

• Arbin Instruments (U.S.)


• Chroma Ate Inc. (Taiwan)


• National Instruments (U.S.)


• Ametek Inc. (U.S.)


• Megger (U.S.)


• Neware Battery Testers (China)


• Cadex Electronics Inc. (Canada)


• Hioki (Japan)


• Midtronics (U.S.)


• DIGATRON (Germany)

KEY INDUSTRY DEVELOPMENTS:

• April 2023: Saraswati Dynamic (Sdyn), an Indian test equipment manufacturer, launched its latest vibration test product for batteries and other products for modules for a power rating of 27kVA.


• December 2022: Hioki, a leader in testing and measurement equipment manufacturing, launched its DC HIPOT tester ST5680, which ensures the battery safety inspection process of battery modules.


• December 2022: Chroma System Solutions launched Battery Pro software through CAN communication that minimizes security threats such as leakage of critical information, tampering with Battery Management System (BMS) data, and charger attempts.


• June 2022: Megger, a leading battery test equipment manufacturer, offered a more advanced battery tester that can evaluate nickel cadmium batteries, lead acid batteries, and lithium-ion batteries up to 200v DC.


• May 2022: Ni announced its new Battery Test System (BTS) for the next generation of electric vehicle testing. The specially designed system will help tier-1 automakers and suppliers enhance customization, automation, and data transfer across the EV test workflow.

REPORT COVERAGE

The report provides a detailed market analysis and focuses on critical aspects such as leading companies, product/service types, and leading product applications. Moreover, the report offers insights into the market trends and highlights vital industry developments. Additionally, the report covers the competition business strategies and revenue models adopted by prime players to maximize productivity and revenue. In addition, the report encompasses several factors that contributed to the market growth in recent years.

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