The surge in defense expenditure in developed countries has resulted in increased adoption of battery testing equipment in the military sector. Countries with high GDPs, such as the US, are vigorously working on large-scale industrialization and infrastructure developments. Moreover, as per Stockholm International Peace Research Institute (SIPRI), the US defense expenditure increased by 5.3% in 2020 to register US$ 732 billion. The increasing defense expenditure supports the market growth in North American countries. Moreover, the growing development of advanced battery systems for commercial and military aircraft and the increasing adoption of electric aircraft technology in commercial aircraft are likely to bolster the battery testing equipment market growth. Thus, the rising adoption of batteries by the aerospace & military sectors is expected to increase the demand for battery testing equipment.
North America Battery Testing Equipment Market Segmentation
The North America 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 North America 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 the US, Canada, and Mexico. The US 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.; NH Research, Inc; PEC; Unico, LLC; and Webasto Group are among the leading companies operating in the North America battery testing equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 129.12 Million |
| Market Size by 2028 | US$ 175.17 Million |
| CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Battery Testing Equipment Market is valued at US$ 129.12 Million in 2021, it is projected to reach US$ 175.17 Million by 2028.
As per our report North America Battery Testing Equipment Market, the market size is valued at US$ 129.12 Million in 2021, projecting it to reach US$ 175.17 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
The North America Battery Testing Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Battery Testing Equipment Market report:
The North America Battery Testing Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Battery Testing Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Battery Testing Equipment Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Battery Testing Equipment Market
