The Global Aircraft Battery Charging And Testing Market is expected to reach US$ 1120.40 Million by 2030, registering a CAGR of 7.7 % during the forecast period (2022-2030), according to the Global Aircraft Battery Charging and Testing Market Report, By Aircraft Type (Commercial Aircraft, Private Aircraft), By Battery Type (Nickel Cadmium battery, Lead Acid battery, Lithium-ion battery, By Battery Charging Type (Constant Voltage Charging (CP) , Constant Current Charging), By Battery Testing Type (Capacity Test, Charge Acceptance Test) and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), published by Coherent Market Insights.
There are numerous uses for aircraft batteries (e.g., ground power, emergency power, improving DC bus stability, and fault clearing). Lead-acid batteries are used in private aeroplanes, whereas, nickel-cadmium (NiCd) batteries are used in the majority of commercial and business aircraft. The battery that is optimal for a certain application will depend on the factors including weight, price, volume, shelf life or service life, discharge rate, upkeep, and charging rate. The material used for the plates on an aircraft battery identifies the battery type. Lead-acid and NiCd batteries are the two most frequently used types of batteries.
Lead-acid batteries with dry-charged cells, sometimes referred to as flooded or wet batteries, are built using electrodes (plates) that have been fully charged and dried. VRLA batteries, also known as sealed batteries, have all of their electrolyte absorbed in glass-mat separators and have no free electrolyte. A NiCd battery is made up of a metallic container, typically made of titanium, steel that has been painted, steel that has been plastic-coated, or steel that is stainless steel. The market for aircraft batteries is effectively being driven to grow on a global scale by its primary drivers. The key market-driving factors include the development of an electric aircraft for the deployment of UAVs in various commercial and public spaces. Through the projected period, these factors are anticipated to drive the market growth.
Global Aircraft Battery Charging and Testing Market - Impact of Coronavirus (Covid-19) Pandemic;
The COVID-19 epidemic caused supply chain interruptions and adverse effects in a number of industries, including the automotive, chemical, energy & power, consumer electronics, food & beverage, and textile. Guidelines for social exclusion and lockdown measures also made the situation for the producers worse. As a result, less equipment, like battery testing equipment, are being produced, which is expected to cause a decline in the profit margins of the various corporations. The manufacturing of electrical devices, semiconductors, and electronic items is experiencing a significant disruption from the demand side as a result of the crisis closing the doors of a big number of sectors.
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Key Trends and Analysis of the Global Aircraft Battery Charging and Testing Market:
- North America held a dominant position in the global aircraft battery charging and testing market. The region's substantial governmental and corporate investment is also anticipated to support the expansion of the electronics sector. According to economic times, in February 2022, Indian government is investing US$ 34 million under Production Linked Incentive (PLI) scheme in electronics sector, by 2025. Due the growth of the consumer electronics industry and the existence of major manufacturers of battery testing equipment, there is an expansion in the regional market.
- Asia Pacific is the second contributor to the battery testing equipment market.. The need for various solutions is increasing due to the expanding automobile industry and the relocation of the majority of manufacturing facilities to Asia. Driving forces behind this expansion include the rising popularity of electric vehicles in nations like China and India. India and China have the highest market revenues. Furthermore, According to coherent market insights, 2022, the battery testing equipment market in Europe is expected to witness steady growth owing to the region's advanced medical sector and digital communications., Germany and France have the major market in this region.
- Major players operating in the global aircraft battery charging and testing market include ATEQ AVIATION, Blue Skies Aviation, DUNCAN AVIATION INC., Saft, ARBIN INSTRUMENTS, Concorde Battery Corporation, Enersys, The Boeing Company, GS Yuasa Corporation, Securaplane Technologies, Inc., and Others.
