Europe Battery Testing Equipment Market Forecast to 2027 - 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)
Market Introduction
Europe has the highest adoption of mobile phones in the world. Russia is one of the emerging economies in Europe having the highest mobile penetration levels in Europe. Owing to continued growth in smartphone adoption, there are considerable changes in the way consumers in countries, such as Norway, Sweden, the UK, and the Netherlands, access internet services. As per the Ericsson report, 60% of the internet users utilize smartphones. Rising adoption of smartphones in European region is expected to further increase the production cycle of batteries, thereby contributing to the growth of the battery testing equipment market in the region. Automotive, aerospace, and machinery and equipment are among the major manufacturing industries in the region. The automotive industry is considered a noteworthy sector in Europe as it contributes to the countries’ Gross Domestic Product (GDP). Further, the automotive industry in the region stands as the largest private investor in R&D, and it receives support from governments in the form of R&D funds. The car manufacturers in Europe are investing in their EVs production. In October 2017, the regional government recognized a huge potential in the lithium-ion battery. The demand for lithium-ion batteries is predicted to grow at an exponential rate in the coming 10–20 years that will create an additional pressure on lithium-ion battery manufacturers and testing providers to design quality standards and efficient testing methods related to battery-cell leak-detection and many more. The growing concerns on increasing production cycle of batteries, such as lithium-ion due to rising adoption of electric vehicles, is expected to fuel the adoption of battery testing equipment.
Furthermore, in case of COVID-19, Europe is highly affected, specially the UK, which is the hardest-hit country by the outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as countries such as the UK, Germany, and Italy recorded the highest number of coronavirus cases. Additionally, with the outbreak of another variant of COVID-19 in the UK, the battery testing equipment market is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, energy and power, and others. However, due to COVID-19, many businesses in Europe face financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government-imposed restrictions, and decreasing sales. However, with the increasing initiatives undertaken by the governments of countries such as the UK, Sweden, and Germany to develop urban air mobility infrastructure in the countries is expected to provide growth opportunities to the market in the coming years.
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Market Overview and Dynamics
The Europe battery testing equipment market is expected to grow from US$ 110.33 million in 2019 to US$ 153.75 million by 2027; it is estimated to grow at a CAGR of 4.3 % from 2020 to 2027. Growth in animatronics and robotics across Europe is expected to accelerate the Europe battery testing equipment market. Animatronics is the process of manufacturing and operating lifelike robots that are used for entertainment or films; whereas, robotics is the process of designing, constructing, and operating robots. Batteries are used in these systems as they offer numerous benefits such as smooth movement of robots, enhanced safety, greater precision, and longer system life. The growing adoption of robots and animatronics among various industries, such as automobile, entertainment, manufacturing, agriculture, and aerospace and defense, it is expected to drive the growth of the Europe battery testing equipment market. Battery manufacturers across Europe are developing advanced battery systems to offer enhanced longevity and reliability for both industrial and commercial robots. Therefore, increasing development of advanced robots and battery systems are expected to drive the growth of the Europe market.
Key Market Segments
In terms of product type, the stationary battery testing equipment segment accounted for the largest share of the Europe battery testing equipment market in 2019. In terms of application, the cell testing segment held a larger market share of the Europe battery testing equipment market in 2019. Further, the electronics and semiconductor segment held a larger share of the Europe battery testing equipment market based on end-user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe battery testing equipment market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arbin Instruments; CHAUVIN ARNOUX; Chroma Systems Solutions, Inc.; DV POWER; Megger Group Limited; Midtronics, Inc.; Xiamen Tmax Battery Equipments Limited.
Reasons to buy report
- To understand the Europe battery testing equipment market landscape and identify market segments that are most likely to guarantee a strong return
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- Efficiently plan M&A and partnership deals Europe battery testing equipment market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe battery testing equipment market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe Battery Testing Equipment Market Segmentation
Europe Battery Testing Equipment Market - By Product Type
- Portable Battery Testing Equipment
- Stationary Battery Testing Equipment
Europe Battery Testing Equipment Market - By Application
- Module Testing
- Cell Testing
- Pack Testing
Europe Battery Testing Equipment Market - By End-User
- Automotive
- Electronics and Semiconductor
- Telecom
- Healthcare
- Energy and Utility
- Others
Europe Battery Testing Equipment Market - By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Europe Battery Testing Equipment Market - Company Profiles
- Arbin Instruments
- CHAUVIN ARNOUX
- Chroma Systems Solutions, Inc.
- DV POWER
- Megger Group Limited
- Midtronics, Inc.
- Xiamen Tmax Battery Equipments Limited
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Battery Testing Equipment Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Battery Testing Equipment Market –Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Transportation
5.1.2 Rising Defense Expenditure
5.2 Market Restraints
5.2.1 Over Priced Development and Maintenance of Battery Testing Equipment
5.3 Market Opportunities
5.3.1 Escalation in the Adoption of Battery Testing Equipment in Healthcare
5.4 Future Trends
5.4.1 Growth in Animatronics and Robotics
5.4.2 Mounting Use of UAVs
5.5 Impact Analysis of Drivers and Restraints
6. Battery Testing Equipment Market – Europe Analysis
6.1 Europe Battery Testing Equipment Market Overview
6.2 Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe Battery Testing Equipment Market – By Product Type
7.1 Overview
7.2 Europe Battery Testing Equipment Market, by Product Type (2019 and 2027)
7.3 Portable Battery Testing Equipment
7.3.1 Overview
7.3.2 Portable Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Stationary Battery Testing Equipment
7.4.1 Overview
7.4.2 Stationary Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Battery Testing Equipment Market Analysis – By Application
8.1 Overview
8.2 Europe Battery Testing Equipment Market, By Application (2019 and 2027)
8.3 Module Testing
8.3.1 Overview
8.3.2 Module testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Cell Testing
8.4.1 Overview
8.4.2 Cell testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Pack Testing
8.5.1 Overview
8.5.2 Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Battery Testing Equipment Market Analysis – By End-User
9.1 Overview
9.2 Europe Battery Testing Equipment Market, By End-User (2019 and 2027)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Electronics and Semiconductor
9.4.1 Overview
9.4.2 Electronics and Semiconductor: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Telecom
9.5.1 Overview
9.5.2 Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Energy and Utility
9.7.1 Overview
9.7.2 Energy and Utility: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10. Europe Battery Testing Equipment Market – Country Analysis
10.1 Overview
10.1.1 Europe: Battery Testing Equipment Market, By Country
10.1.1.1 Germany: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Battery Testing Equipment Market, By Product Type
10.1.1.1.2 Germany: Battery Testing Equipment Market, By Application
10.1.1.1.3 Germany: Battery Testing Equipment Market, By End-User
10.1.1.2 France: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Battery Testing Equipment Market, By Product Type
10.1.1.2.2 France: Battery Testing Equipment Market, By Application
10.1.1.2.3 France: Battery Testing Equipment Market, By End-User
10.1.1.3 Italy: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Battery Testing Equipment Market, By Product Type
10.1.1.3.2 Italy: Battery Testing Equipment Market, By Application
10.1.1.3.3 Italy: Battery Testing Equipment Market, By End-User
10.1.1.4 UK: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Battery Testing Equipment Market, By Product Type
10.1.1.4.2 UK: Battery Testing Equipment Market, By Application
10.1.1.4.3 UK: Battery Testing Equipment Market, By End-User
10.1.1.5 Russia: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Battery Testing Equipment Market, By Product Type
10.1.1.5.2 Russia: Battery Testing Equipment Market, By Application
10.1.1.5.3 Russia: Battery Testing Equipment Market, By End-User
10.1.1.6 Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Battery Testing Equipment Market, By Product Type
10.1.1.6.2 Rest of Europe: Battery Testing Equipment Market, By Application
10.1.1.6.3 Rest of Europe: Battery Testing Equipment Market, By End-User
11. Impact of COVID-19 Pandemic
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Arbin Instruments
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CHAUVIN ARNOUX
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Chroma Systems Solutions, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DV POWER
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Megger Group Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Midtronics, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Xiamen Tmax Battery Equipments Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 6. France Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 7. France Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 12. UK Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia Battery Testing Equipment Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe Battery Testing Equipment Market, By Product Type– Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe Battery Testing Equipment Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Battery Testing Equipment Market, By End-User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Battery Testing Equipment Market Segmentation
Figure 2. Europe Battery Testing Equipment Market Segmentation – By Country
Figure 3. Europe Battery Testing Equipment Market Overview
Figure 4. Stationary Battery Testing Equipment Contributed the Largest Market Share
Figure 5. Cell Testing Held the Largest Market Share in 2019
Figure 6. Electronics and Semiconductor Segment Held the Largest Share in 2019
Figure 7. Germany Held the Largest Share in 2019
Figure 8. Europe: PEST Analysis
Figure 9. Europe Battery Testing Equipment Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Battery Testing Equipment Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Battery Testing Equipment Market Revenue Share, by Product Type (2019 and 2027)
Figure 14. Europe Portable Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Stationary Battery Testing Equipment: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Battery Testing Equipment Market Revenue Share, by Application (2019 and 2027)
Figure 17. Europe Module Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe Cell Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Pack Testing: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Battery Testing Equipment Market Revenue Share, by End-User (2019 and 2027)
Figure 21. Europe Automotive: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe Electronics and Semiconductor: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe Telecom: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Europe Healthcare: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Europe Energy and Utility: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Europe Others: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Europe: Battery Testing Equipment Market, by Key Country – Revenue (2019) (USD Million)
Figure 28. Europe: Battery Testing Equipment Market Revenue Share, By Country (2019 and 2027)
Figure 29. Germany: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. France: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Italy: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. UK: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Russia: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Rest of Europe: Battery Testing Equipment Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Battery Testing Equipment Market
- Arbin Instruments
- CHAUVIN ARNOUX
- Chroma Systems Solutions, Inc.
- DV POWER
- Megger Group Limited
- Midtronics, Inc.
- Xiamen Tmax Battery Equipments Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe battery testing equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe battery testing equipment market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the battery testing equipment market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution