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Electric Vehicle Battery Formation and Testing Market Share

Report ID: GMI11547
Published Date: Sep 2024
Report Format: PDF

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Electric Vehicle Battery Formation and Testing Market Share

Keysight Technologies, Chroma ATE, Inc., and Arbin Instruments held a significant market share of over 10% in 2023. Keysight leverages its expertise in electronic measurement to develop advanced battery formation and testing solutions. It focuses on precise testing of battery management systems (BMS), cell aging, and thermal management to meet evolving EV battery requirements. Keysight collaborates with automotive manufacturers and battery developers to tailor solutions that meet specific performance and safety standards, ensuring alignment with industry needs.

Chroma ATE offers a comprehensive range of battery formation, grading, and safety testing systems, positioning itself as a one-stop solution for EV battery testing. Chroma invests in research and development to enhance the efficiency and accuracy of its testing systems, particularly for high-density Li-ion and solid-state batteries. Chroma provides customizable testing systems based on the battery types used in electric vehicles, addressing the specific requirements of different automakers and battery manufacturers.

Arbin delivers high-precision battery testing and formation systems, scalable from R&D labs to large-scale manufacturing. Their systems efficiently handle high-volume testing for large EV battery packs. Arbin integrates advanced data management and analytics software, enabling real-time monitoring, diagnostics, and predictive analysis for EV batteries.

Electric Vehicle Battery Formation and Testing Market Companies

Major players operating in the electric vehicle battery formation and testing industry are:

Ador Digatron Pvt. Ltd.
Arbin Instruments
AVL
Bitrode Corporation
Chroma ATE Inc.
Keysight Technologies
Maccor Inc.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric vehicle battery formation and testing reached USD 1.9 billion and is set to grow at a CAGR of over 17.6% between 2024 and 2032, led by innovations in battery technologies like solid-state and advanced lithium-ion batteries.

Lithium-ion (Li-ion) batteries dominate the market, holding around 74% of the share in 2023, benefitting from advancements in energy density, high-nickel cathodes, and silicon anodes, which enhance electric vehicle performance by extending driving ranges and reducing charging times.

The Asia Pacific region accounted for over 46% of the market share in 2023 and is projected to exceed USD 4 billion by 2032. China leads the market due to its status as the largest EV manufacturer and battery producer, while Japan and South Korea focus on technological advancements.

Major players in the market include Ador Digatron Pvt. Ltd., Arbin Instruments, AVL, Bitrode Corporation, Chroma ATE Inc., Keysight Technologies, and Maccor Inc.