Battery Analyzer Market To Receive Overwhelming Hike in Revenues By 2027
Battery Analyzer Market – Introduction
Battery analyzer is a test tool that is used for troubleshooting, maintaining, and performance testing individual stationary batteries and portable batteries. Battery analyzers are used in critical battery backup applications, such as data centers, telecom networks, and power distribution systems among others. Basic battery analyzers include voltmeters and ammeters that measure the charge stored in the battery under test and its voltage output. Whereas, advanced battery analyzers have capability to find out the battery's condition by calculating critical parameters such as any condition that may affect the performance of a battery and its capacity for accumulating charge. Owing to this, battery analyzers are widely used to check and maintain battery of electric vehicles, medical devices, telecom networks and few other applications.
Battery Analyzer Market – Competitive Landscape
Robert Bosch GmbH
Founded in 1886, Robert Bosch GmbH is headquartered in Stuttgart, Germany. The company operates through four segments namely consumer goods, information technology, energy and building technology, and mobility solutions segments. The mobility solutions segment offers products and solutions for active and passive driving safety, assistance, and convenience functions as well as technology for vehicle-to-vehicle and vehicle-to-infrastructure communication. The company has around 409,881 employees worldwide.
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FLIR Systems, Inc.
Founded in 1978, FLIR Systems, Inc. is headquartered in Wilsonville, Oregon, United States. The company develops, manufactures, and distributes technologies that enhance perception and awareness. The company has a diversified portfolio that serves a number of applications in commercial, government & defense, and industrial markets.
HIOKI E.E. CORPORATION
Founded in 1935, HIOKI E.E. CORPORATION is headquartered in Ueda, Japan. The company develops, manufactures, sells, and services electrical measuring instruments across the globe. The company offers automatic test equipment for testing of electronic circuit boards, and boards with embedded active and passive devices. The company has around 872 employees.
Schneider Electric
Founded in 1836, Schneider Electric is headquartered in Rueil-Malmaison, France. The company provides energy management and automation solutions worldwide. The company operates through four segments namely low voltage, medium voltage, secure power, and industrial automation. The company has global presence in over 100 countries and around 141,446 employees worldwide.
Arbin Instruments
Founded in 1991, Arbin Instruments is headquartered in College Station, Texas, United States. The company manufactures test equipment for batteries and other energy storage device applications. The company invests half of its profit in research and development to stay ahead of industry trends. The company manufactures its test equipment for largest electric vehicle manufacturers, consumer electronics manufacturers, and battery manufacturers around the world.
Some of the key players operating in the global battery analyzer market with significant developments include ACT Meters, Robert Bosch GmbH, FLIR Systems, Inc., HIOKI E.E. CORPORATION, Schneider Electric, Arbin Instruments, B&K Precision, Bullard, DHC Specialty, CHROMA ATE, Eagle Eye Power Solutions, Cadex Electronics Inc., Energy Storage Instruments, Foxwell, Global Energy Innovations, HUTTON, KILTER ELECTRONIC INSTITUTE, Kussmaul Electronics, Meco Instruments, Megger, OREN TELECOM, PulseTech Products, Ship Equipments And Tools Industry Technology, SY KESSLER, Transcat, Vencon Technologies, West Mountain Radio, and ZTS. among others.
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Battery Analyzer Market – Dynamics
Rising Adoption of Battery Analyzer for Monitoring the Battery of Electric Vehicles
One of the major driving factor for the growth of global battery analyzer market is increasing adoption of battery analyzer in automotive industry. In automotive industry, battery analyzer are increasingly adopted to monitor and maintain battery of electric vehicles. The sale of electric vehicle is increasing across the globe as it requires low maintenance and it is environment friendly that helps to reduce air pollution. Moreover, multiple functions provided by these battery analyzers, such as resistance testing and DC voltage, user-friendly interface are fueling the growth of the battery analyzers market. Owing to these advantages battery analyzers are increasingly adopted in automotive industry which is anticipated to drive the market during forecast period.
Increasing use of Battery Analyzer in IT & Telecom Industry
In IT & telecom industry, battery analyzers are increasingly used in critical battery backup applications such as data centers, telecom networks, and power distribution systems due to its properties such as easy to use and it can be quickly connected to system with the help of USB ports. Owing to these properties battery analyzers are increasingly used in IT & telecom industry, which is anticipated to propel the growth of the market in coming years. Moreover, in healthcare industry, medical devices use a wide variety of batteries and to check and maintain the battery of these medical devices battery analyzers are increasingly used which is expected to boost the market.
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