NEW
YORK, July 3, 2024 /PRNewswire/ -- The
global automotive battery testers market size is
estimated to grow by USD 78.9 million
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of almost 3.73% during the forecast
period. Increasing lifespan of vehicles leading to
growth in vehicle population is driving market
growth, with a trend towards development of touchscreen
battery testers. However, development of supercapacitors to
replace batteries poses a challenge. Key market players
include Autel Intelligent Technology Co., AutoMeter Products Inc.,
Clore Automotive LLC, Elak Pvt. Ltd., Exponential Power Inc., EZRED
Co., Fortive Corp., Gamela Enterprise Co. Ltd., Innova Electronics
Corp., Meco Instruments Pvt. Ltd., Midtronics Inc., Milton
Industries Inc., MOTOPOWER Inc., OBDSpace Co. Ltd., PulseTech
Products Corp., Robert Bosch GmbH, Schumacher Electric Corp.,
Shenzhen Foxwell Technology Co. Ltd., Shenzhen JiaWei HengXin
Technology Co. Ltd., and SUNER POWER.
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Simple battery
testers and Integrated battery testers), Application (OEM and
Aftermarket), and Geography (APAC, Europe, North America, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Autel Intelligent
Technology Co., AutoMeter Products Inc., Clore Automotive LLC, Elak
Pvt. Ltd., Exponential Power Inc., EZRED Co., Fortive Corp., Gamela
Enterprise Co. Ltd., Innova Electronics Corp., Meco Instruments
Pvt. Ltd., Midtronics Inc., Milton Industries Inc., MOTOPOWER Inc.,
OBDSpace Co. Ltd., PulseTech Products Corp., Robert Bosch GmbH,
Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd.,
Shenzhen JiaWei HengXin Technology Co. Ltd., and SUNER
POWER
|
Key Market Trends Fueling Growth
Automotive battery testers are essential tools for professional
repair shops and consumers to maintain optimal battery performance.
Integrated battery testers, which test multiple systems, are
gaining popularity due to their efficiency. Touchscreen interfaces,
like Midtronics DSS-5000, offer a user-friendly experience and save
space. This technology's adoption is expected to grow, enhancing
the global automotive battery testers market.
The Autonomous Vehicle industry is experiencing significant
growth, leading to an increased demand for Automotive Battery
Testers. ICDs and Avl are essential components in this sector,
providing testing services for batteries in electric and hybrid
vehicles. The market for these testers is expanding, with a focus
on improving battery performance and longevity. Leading companies
offer solutions for testing batteries in various conditions,
including temperature and charging cycles. The use of advanced
technology in these testers ensures accurate and reliable results.
The market for Automotive Battery Testers is expected to grow
further as the adoption of electric vehicles continues to
increase.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The lead-acid battery market faces challenges due to the slow
charge and discharge rates, as well as the degradation of chemical
compounds after numerous cycles. This results in low power density
and decreased energy retention over time. In contrast,
supercapacitors store energy electrostatically and can be charged
quickly, releasing power in fast bursts. Supercapacitors'
high-power density and ability to store more energy than lead-acid
and lithium-ion batteries make them increasingly popular in the
automotive industry. This shift towards supercapacitors may reduce
the demand for battery testers in the forecast period.
- The Automotive Battery Testers market faces several challenges.
Testing electric and hybrid vehicles requires advanced technology
to measure complex battery systems. The need for accuracy and
reliability is crucial to ensure vehicle safety and optimal
performance. Additionally, the increasing adoption of electric
vehicles and the development of autonomous vehicles add to the
complexity of testing requirements. The cost of testing equipment
and the need for regular updates to keep up with technological
advancements are also significant challenges. Furthermore, the need
for user-friendly interfaces and quick turnaround times adds to the
demand for efficient and effective testing solutions.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This automotive battery testers market report extensively covers
market segmentation by
- Type
- 1.1 Simple battery testers
- 1.2 Integrated battery testers
- Application
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Simple battery testers- The global automotive
battery testers market is led by the simple battery testers
segment. These devices, used to detect battery problems, function
as voltmeters and measure cold cranking amps (CCA). Their digital,
LED-screen versions are popular for their convenience and
cost-effectiveness. Prominent vendors like Schumacher Electric and
Bosch offer such testers, with Schumacher's BAF-M2 priced at
USD37 and Bosch's BAT 110 providing
quick, load-free testing. The rise of e-commerce significantly
boosts the segment, expanding vendors' reach and enabling
individual customers worldwide to purchase these testers easily.
Amazon.com lists a variety of simple battery testers from various
manufacturers, catering to diverse buyer preferences.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Automotive Battery Testers market is experiencing
significant growth due to the increasing popularity of Electric
Vehicles (EVs) and Hybrid electric vehicles (HEVs) in the
transportation sector. Artificial Intelligence (AI) and Internet of
Things (IoT) technologies are revolutionizing battery testing in
the automotive industry, enabling real-time monitoring of
Lithium-ion batteries' condition and identifying potential flaws.
Advanced Vehicle Logging (AVL) systems are integrating battery
analyzers and testers to ensure battery safety and security in
urban mobility infrastructure. Rechargeable batteries, including
those used in watches, flashlights, clocks, and other devices, are
also subjected to rigorous testing to ensure optimal voltage,
capacity, and resistance levels. Digitalization and electrification
are driving the demand for advanced battery testing solutions,
making the market a dynamic and innovative space.
Market Research Overview
The Automotive Battery Testers market encompasses innovative
solutions designed to test and diagnose various electrical issues
in automotive batteries. These testers utilize advanced technology
to measure battery voltage, capacity, and internal resistance. They
help identify faults, such as sulfation, overcharging, or deep
discharge, ensuring optimal battery performance. Additionally, they
provide valuable data for maintenance and replacement decisions.
The market continues to grow due to increasing vehicle
electrification and the need for efficient battery management
systems. Furthermore, stringent emission norms and safety
regulations drive the demand for accurate battery testing
solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Simple Battery Testers
- Integrated Battery Testers
- Application
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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