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Battery Analyzer Market Segmentation by Type (Stationary and Portable); by Battery Type (Lithium-ion Battery, Nickel-Cadmium Battery, Lead Acid Battery, and Others); and by End-User Industry (Automotive, Healthcare, Aviation, Defense, IT & Telecom, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Battery Analyzer Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·    September, 2021: Arbin instruments launched central monitor and control solution (CMCS) for systems, as it simplifies battery test equipment management.

·    July, 2021: Chroma ATE Inc. launched battery stabilizer Chroma 61500 AC to provide immunity and stability of the electronics system, during testing for aircraft electronics.

Global Battery Analyzer Market Highlights over 2022 – 2030

The global battery analyzer market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing use of batteries amongst various industries. Battery analyzers can test the capacity of any battery for accumulating charge, and determine its performance. These are extensively applied in processes that require critical battery backup, such as, power distribution systems, automobiles, and telecom applications. The growing adoption of battery powered vehicles globally is further estimated to boost the market growth. Moreover, the need to maintain battery of electric vehicles, along with other applications, such as, medical devices, and telecom networks, among others are projected to boost the market growth.

Battery Analyzer

The market is segmented by battery type into lithium-ion battery, nickel-cadmium battery, lead acid battery, and others, out of which, the lithium-ion battery segment is anticipated to hold the notable share in the global battery analyzer market over the forecast period on account of increasing prominence of lithium-ion batteries in hybrid vehicles, backed by their higher energy density, voltage capacity and lower self-discharge rate. On the basis of end-user industry, the market is segmented into automotive, healthcare, aviation, defense, IT & telecom, and others, out of which, the IT & telecom segment is estimated to gain significant share during the forecast period, on the back of requirement of constant electricity supply for various telecom applications. Use of battery analyzer can avoid battery runout and power cut, in turn, helping the applications to run smoothly. This is estimated to boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Battery Analyzer Market Regional Synopsis

On the basis of geographical analysis, the global battery analyzer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of presence of manufacturing industry, along with growing IT sector, backed by the economic growth in the region.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rapid technical advancement, adoption of new technologies in the IT & telecom sector, and growing IT sector. The presence of major key players in the region, is also expected to boost the market growth.

battery Analyzer Market

The global battery analyzer market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global battery analyzer market includes the following segments:

By Type

  • Stationary
  • Portable

By Battery Type

  • Lithium-ion Battery
  • Nickel-Cadmium Battery
  • Lead Acid Battery
  • Others

By End-User Industry

  • Automotive
  • Healthcare
  • Aviation
  • Defense
  • IT & Telecom
  • Others

Growth Drivers

  • Growing Demand for Batteries in Various Industries
  • Technological Advancements in IT sector

Challenges

  • Fluctuation in Prices Due to Unsteady Supply Chain
  • Lack of General Awareness

Top Featured Companies Dominating the Market

  • Global Energy Innovations
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Cadex Electronics Inc.
  • Eagle Eye Power Solutions
  • Chroma ATE Inc.
  • Arbin Instruments
  • DHC Specialty Corporation
  • Schneider Electric SE
  • Hioki E.E. Corporation
  • Teledyne FLIR LLC
  • Robert Bosch GmbH

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