Middle East & Africa Battery Testing Equipment Market is expected to reach US$ 96.29 million by 2027

Energy and Utility Segment to Dominate MEA Battery Testing Equipment Market during 2019–2027

According to The Insight Partners market research study on “MEA Battery Testing Equipment Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End-User,” is expected to reach US$ 96.29 million by 2027 from US$ 65.35 million in 2019. The market is estimated to grow at a CAGR of 5.0 % from 2020 to 2027. The report provides trends prevailing in the MEA battery testing equipment market along with the drivers and restraints pertaining to the market growth. UAVs and urban air mobility and mounting demand for transportation are the major factor driving the growth of the MEA battery testing equipment market. However, costly development and maintenance cost hinder the growth of MEA battery testing equipment market. 

In case of COVID-19, MEA is highly affected, especially South Africa and Iran. The COVID-19 pandemic has shaken several industries. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various MEA countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor and electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. The battery testing equipment market players also experienced a slowdown in the volumes because the manufacturing facilities were operating with a limited workforce. This has had a negative impact on the MEA market. The MEA battery testing equipment market is majorly affected by the disruption in the supply chain. On the closure of factories, the supply chain of several components and parts have been disturbed. The demand for battery testing equipment has weakened over the past couple of months in MEA countries. This has resulted in business loss among the battery testing equipment manufacturers offering their products to industries such as aerospace and oil and gas. However, the growing automobile industry in countries such as the UAE and increasing energy and utilities projects in countries such as the UAE, Saudi Arabia, and others are expected to provide growth opportunities to the market in the coming years.

The MEA market for battery testing equipment is segmented into product type, application, end-user and country. Based on product type the battery testing equipment market is divided into portable battery testing equipment and stationary battery testing equipment. The stationary battery testing equipment segment dominated the market in 2019. Portable battery testing equipment segment is projected to be the fastest growing segment over the forecast period. On the basis of application, the market is segmented into module testing, cell testing, and pack testing. The cell testing segment contributed the largest revenue share in 2019 and pack testing segment is projected to be the fastest growing sector in terms of growth rate. On basis of end-user, the market is segmented into automotive, electronics and semiconductor, telecom, healthcare, energy and utility, and others. Further, in 2019, energy and utility segment led the battery testing equipment market across MEA. The others segment is expected to be fastest growing during forecast period. 

Arbin Instruments; CHAUVIN ARNOUX; Chroma Systems Solutions, Inc.; DV POWER; Megger Group Limited are among the leading companies in the MEA battery testing equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, Megger Group Limited had published a new battery testing guide for free of charge. The users can access it from the company’s website. The guide manual is available in five languages. It aims to provide electrical engineers with information and advice on monitoring the health of and maintaining these essential sources of back-up power.

The report segments the MEA Battery Testing Equipment Market as follows:

MEA Battery Testing Equipment Market – By Product Type

• Portable Battery Testing Equipment
• Stationary Battery Testing Equipment

MEA Battery Testing Equipment Market – By Application

• Module Testing
• Cell Testing
• Pack Testing

MEA Battery Testing Equipment Market – By End-User

• Automotive
• Electronics and Semiconductor
• Telecom
• Healthcare
• Energy and Utility
• Others  

MEA Battery Testing Equipment Market – By Country

• South Africa
• Saudi Arabia 
• UAE
• Rest of MEA