Battery Analyzer Market To Register A Healthy CAGR For The Forecast Period 2030
Battery Analyzer Market Highlights
Battery
Analyzer Market share is projected to reach USD 546 Million by 2026. The
market is expected to grow at 4% CAGR during the forecast period.
In 2019, Asia-Pacific dominated the global battery analyzer
market in terms of share: MRFR The global battery analyzer market has been
segmented into five regions, namely, Asia-Pacific, the Middle East &
Africa, Europe, North America, and South America. Asia-Pacific is expected to
hold the largest share of the market during the forecast period. The demand for
battery analyzer in this region is majorly drive due to the growing demand for
battery analyzers in automotive industry to measure and monitor the batteries
of automotive especially electric vehicles, the increasing investments in
telecom and data centre industry in the region.
In Asia-Pacific, China held the largest market share in 2019
which shows a significant growth in the use of battery analyzer in automotive
and IT & telecom industry. As per the International Energy Agency (IEA), in
2019, China contributes nearly 90% out of the total global sales of electric
vehicles. Furthermore, in India, as per the Ministry of Commerce &
Industry, Government of India, the electric vehicle (EV) market is estimated to
reach USD 7.09 billion by 2025. As the authorities in countries such as China
and India are focusing on the developments of electric vehicles, the demand for
battery analyzer is expected to grow significantly during the forecast
period. In the North America and Europe, battery analyzer is gaining
exposure due to the increasing developments in data centers and growing sales
of electric vehicles.
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The global battery analyzer market has been segmented based on
type, battery type, and end-use Industry. Based on type, the global market is
divided into stationary and portable. The portable segment is expected to hold
the larger share of the market and grow at the fastest rate during the forecast
period. Based on battery type, the global market is divided into lithium-ion
battery, nickel-cadmium battery, and lead acid battery. Based on end-use
Industry, the market is segmented into automotive, IT & telecom,
healthcare, aviation & defense, and others. The automotive segment is
estimated to grow at the fastest rate during the forecast period.
The global battery analyzer market is expected to grow at ~ 4%
CAGR during the forecast period.
Key Players
The players operating in the global battery analyzer market are
Fluke Corporation (US), Ametek, Inc. (US), Eagle Eye Power Solutions LLC (US),
ACT Meters Ltd (UK), Maccor Inc (US), Cadex Electronics Inc. (Canada), HIOKI
E.E. CORPORATION (Japan), B&K Precision Corporation (US), Kussmaul
Electronics Co. Inc. (US), Meco Instruments Pvt. Ltd (India), Energy Storage
Instruments (Canada), PulseTech Products Corp. (US), Vencon Technologies
(Canada), Xiamen Tmax Battery Equipments Limited. (China), and Bullard
(Germany).
Scope of the Report
This report provides an in-depth analysis of the global battery
analyzer market, tracking three market segments across five geographic regions.
The report studies key players, providing a five-year annual trend analysis
that highlights market size and share for North America, Europe, Asia-Pacific,
South America, and the Middle East & Africa. The report also presents a
forecast, focusing on the market opportunities for the next five years for each
region.
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The scope of the study segments the global battery analyzer
market by type, battery type, end-use Industry, and region.
·
By Type
o Stationary
o Portable
·
By Battery Type
o Lithium-ion
battery
o Nickel-cadmium
battery
o Lead
acid battery
·
By End-Use Industry
o Automotive
o IT
& Telecom
o Healthcare
o Aviation
& Defense
o Others
·
By Region
o North
America
o Asia-Pacific
o Europe
o Middle
East & Africa
o South
America
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