Report : Asia Pacific Battery Testing Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Portable Battery Testing Equipment and Stationary Battery Testing Equipment), Application (Module Testing, Cell Testing, and Pack Testing), and End-User (Automotive, Electronics and Semiconductor, Telecom, Healthcare, Energy and Utility, and Others)
Electronics and Semiconductor Segment to Dominate Asia-Pacific Battery Testing Equipment Market during 2019–2028
According to a new market research study on “Asia-Pacific Battery Testing Equipment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End-User,” is expected to reach US$ 163.94 million by 2028 from US$ 110.60 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. Growing demand for transportation is the major factor driving the growth of the Asia-Pacific battery testing equipment market. However, high cost of development and maintenance of battery testing equipment may hinder the growth of Asia-Pacific battery testing equipment market. The report provides trends prevailing in the Asia-Pacific battery testing equipment market along with the drivers and restraints pertaining to the market growth.
The Asia-Pacific battery testing equipment market is segmented into product type, application, end-user, and country. Based on product type, the market is divided into portable battery testing equipment and stationary battery testing equipment. In 2020, the stationary battery testing equipment segment held a larger market share. Based on application, the market is categorized into module testing, cell testing, and pack testing. In 2020, the cell testing segment held the largest market share. Based on end-user, the Asia-Pacific battery testing equipment market is segmented into automotive, electronics and semiconductor, telecom, healthcare, energy and utility, and others. In 2020, the electronics and semiconductor segment held the largest share in the market. Similarly, based on country, the market is categorized into China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. China contributed a substantial share in 2020.
Ametek Scientific Instruments; Arbin Instruments; Biologic; Bitrode Corporation; Chroma Systems Solutions, Inc; Digatron Power Electronics GmbH; EA Elektro-Automatik; HEiNZINGER; HORIBA FuelCon GmbH; KEYSIGHT TECHNOLOGIES, INC.; Maccor Inc.; PEC; Unico, LLC; and Webasto Group are among the leading companies operating in the Asia-Pacific battery testing equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, EA Elektro-Automatik is going to participate in Electronica China in May 2022.
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