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Asia Pacific Battery Testing Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Application, and End-User

Asia Pacific Battery Testing Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Application, and End-User

  • April 2021
  • 122 pages
  • ID: 6064911
  • Format: PDF
  • The Insight Partners


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The APAC battery testing equipment market is expected to grow from US$ 99.12 million in 2019 to US$ 154.73 million by 2027; it is estimated to grow at a CAGR of 5.8 % from 2020 to 2027. The exponential growth in animatronics and robotics across APAC escalates the market growth. 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 drives the growth of the APAC battery testing equipment market. Battery manufacturers across APAC 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 APAC battery testing equipment market during the forecast period.

Countries in APAC, especially India, are highly affected due to COVID-19 outbreak.APAC is one of the crucial regions for the future growth of the APAC battery testing equipment market owing to the presence of many developing countries such as China, Japan, and India.

These countries have a high industrial presence, a positive economic outlook, and favorable government policies, which provide lucrative growth opportunities for the battery testing equipment market.However, the ongoing COVID-19 outbreak has caused massive disruptions in the growth of various sectors in APAC.

For instance, according to the National Statistical Office (NSO) data, the manufacturing sector output declined by 20.6% in May 2020 compared to a growth of 3.1 % in May 2019 due to restrictions on travel, closing of manufacturing plants, and unavailability of raw materials and human resources. However, the increasing development of new airports and rising defense expenditure of countries such as China and India are expected to provide growth opportunities to the APAC battery testing equipment market in coming years. However, Japan, South Korea, and Australia are still combating the outbreak, which is hindering their respective industrial economy. This factor is adversely influencing the market growth.

Based on end-user, the electronics and semiconductor segment led the APAC battery testing equipment market in 2019.Increasing developments in electronics industry is a major driver for the market growth.

Rising adoption of internet coupled with increasing smartphone usage increases the demand for portable power sources.This demands the integration of batteries such as silicon battery—an ideal choice for electronic gadgets, for enhanced energy storage.

At present, smartphones with lightweight and innovative features are preferred by consumers across the world.However, several innovative features, such as video streaming and high graphic resolution games, mitigate the battery performance.

Hence, several companies are focusing on replacing graphite batteries with silicon batteries as it increases the capacity of the battery. This factor propels the demand for battery testing equipment in electronic and semiconductor products. Portable batteries are primarily used among flashlights, watches, calculators, clocks, computers, digital cameras, smartphones, laptops, printers, tablets, smart TVs, and wearable electronic devices, which demands for rigorous testing of battery lifecycle in consumer electronics, thus propels the growth of the APAC battery testing equipment market.

The overall APAC battery testing equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the APAC battery testing equipment market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC battery testing equipment market. Arbin Instruments; Century Yuasa Batteries Pty Ltd; CHAUVIN ARNOUX; Chroma Systems Solutions, Inc.; DV POWER; Megger Group Limited; Midtronics, Inc.; and Xiamen Tmax Battery Equipments Limited are among the players operating in the market.

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