Smart Battery Tester Market Size, Share & Growth Analysis, 2026-2034

Smart Battery Tester Market Size, Share & Growth Analysis, 2026-2034

Segments - by Product Type (Handheld Smart Battery Testers, Benchtop Smart Battery Testers, Portable Smart Battery Testers, Others), by Battery Type (Lead-Acid, Lithium-Ion, Nickel-Cadmium, Others), by Application (Automotive, Industrial, Consumer Electronics, Renewable Energy Systems, Others), by Distribution Channel (Online, Offline), by End-User (Automotive, Industrial, Residential, Commercial, Others)

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Author : Raksha Sharma
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Last Updated : Jun, 2026 | Report ID :EP-45127 | 5.0 Rating | 23 Reviews | 281 Pages | Format : Docx PDF

Smart Battery Tester Market: Key Numbers

The Smart Battery Tester market was valued at USD 1.48 Billion in 2025 and is projected to reach USD 3.02 Billion by 2034, a CAGR of 8.3%.

Market size (2025)USD 1.48 Billion
Forecast (2034)USD 3.02 Billion
CAGR (2026-2034)8.3%
Largest regionAsia Pacific
Segments coveredProduct Type, Battery Type, Application, Distribution Channel, End-User
Key companiesCadex Electronics Inc., Midtronics, Inc., Chroma ATE Inc., Hioki E.E. Corporation, Fluke Corporation

This report is updated with the latest market data and insights as of June 2026. Base year: 2025  |  Forecast period: 2026-2034


Smart Battery Tester Market Size and Growth Outlook

Worldwide, the Smart Battery Tester market size reached USD 1.48 billion in 2025. The market is expected to grow at a robust CAGR of 8.3% from 2026 to 2034, driven by the increasing adoption of battery-powered devices and the growing need for efficient battery management systems. By 2034, the market is projected to reach USD 3.02 billion, reflecting significant growth potential across various industries. The surge in demand for electric vehicles, renewable energy storage solutions, and advanced consumer electronics are the primary drivers fueling this expansion, as per our comprehensive analysis.

Global Smart Battery Tester Market Size Forecast 2025-2034, USD Billion

One of the key growth factors propelling the Smart Battery Tester market is the rapid proliferation of battery-dependent technologies across both consumer and industrial sectors. With the widespread integration of lithium-ion and other advanced battery chemistries in electric vehicles, portable electronics, and energy storage systems, the demand for reliable battery health diagnostics has intensified considerably since 2019. Smart battery testers, equipped with advanced analytics and connectivity features, enable real-time monitoring, predictive maintenance, and enhanced safety, making them indispensable in modern battery management. The increasing complexity of battery systems, coupled with the need for minimizing downtime and maximizing operational efficiency, is driving organizations and individuals to adopt sophisticated testing solutions. For organizations evaluating their broader diagnostic infrastructure, a comprehensive battery management system tester market perspective offers valuable context on how these tools integrate with wider energy management platforms.

Another significant growth driver for the Smart Battery Tester market is the global push towards sustainability and renewable energy adoption. As governments and industries intensify their efforts to reduce carbon footprints, there is a marked acceleration in the deployment of renewable energy systems such as solar and wind, which rely heavily on efficient battery storage. Smart battery testers play a crucial role in ensuring the optimal performance and longevity of these storage systems, facilitating the transition to clean energy. Additionally, advancements in IoT and wireless communication technologies have enabled the development of smart, connected battery testers that can seamlessly integrate with broader energy management systems, further enhancing their value proposition and market penetration.

The increasing emphasis on safety, regulatory compliance, and predictive maintenance in critical sectors such as automotive, aerospace, and industrial automation is further fueling the demand for smart battery testers. With battery failures posing significant risks in terms of operational disruptions, safety hazards, and financial losses, organizations are prioritizing the adoption of advanced diagnostic tools. Smart battery testers not only provide accurate assessments of battery health and performance but also offer actionable insights for preventive maintenance, thereby reducing the likelihood of unexpected failures. This trend is particularly pronounced in the automotive sector, where the electrification of vehicles necessitates stringent battery testing protocols to ensure reliability and safety. Readers exploring the broader testing ecosystem may also find it useful to review the battery test system landscape, which encompasses the full range of automated and modular platforms used in production and R&D environments.

From a regional perspective, the Asia Pacific region currently dominates the global Smart Battery Tester market, accounting for approximately 41.2% of the total market value in 2025. This leadership can be attributed to the robust manufacturing ecosystem, rapid industrialization, and the presence of major battery manufacturers in countries such as China, Japan, and South Korea. North America and Europe are also significant contributors, driven by technological advancements, high adoption rates of electric vehicles, and stringent regulatory standards. The Middle East & Africa and Latin America are witnessing steady growth, supported by increasing investments in renewable energy infrastructure and expanding consumer electronics markets. The competitive landscape is characterized by the presence of both established players and innovative startups, fostering a dynamic and rapidly evolving market environment.

Smart Battery Tester Market by Product Type

The Product Type segment of the Smart Battery Tester market is broadly categorized into Handheld Smart Battery Testers, Benchtop Smart Battery Testers, Portable Smart Battery Testers, and Others. Handheld smart battery testers have gained substantial traction owing to their portability, ease of use, and suitability for on-site diagnostics, holding approximately 38.5% of the product type segment in 2025. These devices are particularly favored by automotive service centers, field technicians, and maintenance professionals who require quick and accurate battery assessments without the need for complex setups. The integration of Bluetooth and wireless connectivity in handheld testers further enhances their utility, allowing seamless data transfer and remote monitoring capabilities. As the demand for mobile and flexible testing solutions continues to rise, the handheld segment is expected to maintain a significant market share throughout the 2026-2034 forecast period.

Smart Battery Tester Market Share by Product Type 2025

Benchtop smart battery testers, on the other hand, are designed for more comprehensive and detailed battery analysis, typically in laboratory or industrial settings, representing around 28.2% of market share in 2025. These testers offer advanced diagnostic features, including capacity measurement, internal resistance testing, and cycle life analysis, making them indispensable for research and development, quality assurance, and large-scale battery manufacturing operations. The growing focus on battery innovation and the need for stringent quality control in industries such as automotive, aerospace, and consumer electronics are driving the adoption of benchtop testers. With the increasing complexity of battery technologies and the demand for high-precision testing, this segment is poised for steady growth, particularly in regions with strong R&D capabilities. Professionals seeking a deeper view of precision diagnostic benchmarks will find relevant complementary data in research covering battery impedance testing methodologies and their evolving role in quality assurance workflows.

The Portable Smart Battery Tester segment bridges the gap between handheld and benchtop devices, offering a balance of mobility and advanced functionality, accounting for roughly 25.1% of the product type segment in 2025. These testers are equipped with robust features such as multi-battery testing, data logging, and compatibility with various battery chemistries, making them suitable for diverse applications ranging from industrial maintenance to renewable energy systems. The versatility and adaptability of portable testers have made them increasingly popular among professionals who require reliable performance in both field and laboratory environments. As industries continue to prioritize operational efficiency and predictive maintenance, the demand for portable smart battery testers is expected to witness a notable uptick throughout the forecast period.

The 'Others' category within the product type segment encompasses specialized smart battery testers designed for niche applications, such as high-voltage battery systems, medical devices, and aerospace technologies, contributing approximately 8.2% of market share in 2025. These testers are often customized to meet specific industry requirements, offering unique features such as high-precision measurement, ruggedized construction, and compliance with stringent safety standards. While this segment represents a smaller share of the overall market, it is characterized by high-value applications and premium pricing. Continuous innovation and the emergence of new battery technologies are expected to create additional opportunities for specialized smart battery testers, contributing to the overall diversification and growth of the market.

Smart Battery Tester Market Report Scope

Attributes Details
Report Title Smart Battery Tester Market Research Report 2034
By Product Type Handheld Smart Battery Testers, Benchtop Smart Battery Testers, Portable Smart Battery Testers, Others
By Battery Type Lead-Acid, Lithium-Ion, Nickel-Cadmium, Others
By Application Automotive, Industrial, Consumer Electronics, Renewable Energy Systems, Others
By Distribution Channel Online, Offline
By End-User Automotive, Industrial, Residential, Commercial, Others
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2025
Historic Data 2019-2024
Forecast Period 2026-2034
Number of Pages 281
Number of Tables & Figures 312
Customization Available Yes, the report can be customized as per your need.

Smart Battery Tester Market by Battery Type

The Battery Type segment of the Smart Battery Tester market includes Lead-Acid, Lithium-Ion, Nickel-Cadmium, and Others. Lead-acid batteries, owing to their widespread use in automotive, industrial, and backup power applications, have traditionally been a major focus area for smart battery tester manufacturers. The growing adoption of smart battery testers in automotive workshops, industrial facilities, and uninterruptible power supply (UPS) systems is driven by the need to ensure the reliability and longevity of lead-acid batteries. Despite the emergence of advanced battery chemistries, lead-acid batteries continue to hold a significant share of the market, particularly in developing regions where cost considerations remain paramount.

Battery desulfator technology is gaining prominence as a vital tool in maintaining the health of lead-acid batteries. Over time, lead-acid batteries can suffer from sulfation, a process where lead sulfate crystals form on the battery plates, reducing capacity and efficiency. Battery desulfators work by sending high-frequency electrical pulses to dissolve these crystals, effectively restoring the battery's performance and extending its lifespan. This technology is particularly beneficial in applications where lead-acid batteries are prevalent, such as in automotive, industrial, and backup power systems. By incorporating desulfation capabilities, smart battery testers can offer a comprehensive solution for battery maintenance, ensuring optimal performance and reliability.

Lithium-ion batteries represent the fastest-growing segment within the battery type category, fueled by their increasing deployment in electric vehicles, consumer electronics, and renewable energy storage systems. The high energy density, lightweight design, and long cycle life of lithium-ion batteries have made them the preferred choice for a wide range of applications. However, the complexity and sensitivity of lithium-ion chemistry necessitate advanced testing and monitoring solutions to prevent safety hazards such as thermal runaway and capacity degradation. Smart battery testers designed for lithium-ion batteries offer features such as state-of-charge estimation, temperature monitoring, and real-time analytics, addressing the unique challenges associated with this battery type. As the global electrification trend accelerates through the late 2020s and into the 2030s, the demand for lithium-ion battery testers is expected to witness exponential growth. Companies and utilities assessing pack-level diagnostics can benefit from understanding how battery health tester solutions for packs complement individual cell-level smart testers in multi-module EV and grid storage systems.

Nickel-cadmium batteries, while less prevalent than lead-acid and lithium-ion counterparts, continue to find applications in specialized sectors such as aviation, railways, and emergency lighting systems. The robust performance, reliability, and tolerance to extreme temperatures make nickel-cadmium batteries suitable for mission-critical applications. Smart battery testers catering to this segment are equipped with features tailored to the unique characteristics of nickel-cadmium chemistry, including memory effect analysis and deep discharge testing. Although the market share of nickel-cadmium batteries is gradually declining due to environmental concerns and regulatory restrictions, the need for effective testing solutions in legacy systems ensures a steady, albeit limited, demand for smart battery testers in this segment.

The 'Others' category within the battery type segment encompasses emerging and niche battery chemistries such as nickel-metal hydride, solid-state, and flow batteries. As research and development efforts continue to yield new battery technologies with enhanced performance characteristics, the demand for specialized smart battery testers capable of accommodating diverse chemistries is on the rise. These testers are designed to offer flexibility, adaptability, and future-proofing, enabling users to stay ahead of technological advancements. The ongoing evolution of the battery landscape is expected to create new growth opportunities for smart battery tester manufacturers, particularly those capable of delivering innovative and versatile solutions.

Smart Battery Tester Market by Application

The Application segment of the Smart Battery Tester market encompasses Automotive, Industrial, Consumer Electronics, Renewable Energy Systems, and Others. The automotive sector remains the dominant application area, driven by the increasing electrification of vehicles and the growing emphasis on preventive maintenance and safety. Smart battery testers are essential tools for automotive manufacturers, service centers, and fleet operators, enabling efficient diagnostics, battery health monitoring, and compliance with regulatory standards. The rise of battery electric vehicles, plug-in hybrids, and advanced driver-assistance systems has further intensified the demand for sophisticated battery testing solutions, positioning the automotive segment as a key growth driver for the market throughout the 2026-2034 period.

In the industrial sector, smart battery testers play a critical role in ensuring the reliability and performance of backup power systems, material handling equipment, and automation solutions. Industries such as manufacturing, logistics, and healthcare rely heavily on battery-powered equipment for uninterrupted operations, making battery health monitoring a top priority. The integration of smart battery testers with industrial IoT platforms and predictive maintenance systems enables real-time diagnostics, data-driven decision-making, and cost optimization. As industries continue to embrace digital transformation and automation, the adoption of smart battery testers is expected to witness sustained growth, particularly in regions with a strong industrial base.

The consumer electronics segment represents another significant application area for smart battery testers, driven by the proliferation of smartphones, laptops, wearables, and other portable devices. With consumers demanding longer battery life, faster charging, and enhanced safety features, manufacturers are increasingly investing in advanced battery testing and quality assurance processes. Smart battery testers designed for consumer electronics offer features such as multi-device compatibility, rapid diagnostics, and integration with quality control systems. Those interested in the broader analytical toolset used in electronics testing environments may also find value in exploring the battery analyzer market, which covers a closely adjacent range of portable and benchtop instruments used in consumer device quality assurance.

Renewable energy systems, including solar and wind power installations, are emerging as a high-growth application area for smart battery testers. The integration of energy storage solutions is critical to the success of renewable energy projects, necessitating reliable battery health monitoring and performance optimization. Smart battery testers enable operators to assess battery state-of-charge, detect anomalies, and implement predictive maintenance strategies, thereby maximizing the efficiency and lifespan of energy storage systems. As the global transition towards clean energy accelerates through the late 2020s, the renewable energy segment is poised to become a major growth driver for the smart battery tester market.

The 'Others' category within the application segment includes niche and emerging use cases such as aerospace, defense, medical devices, and telecommunications. These sectors require specialized battery testing solutions tailored to their unique operational requirements and regulatory environments. The increasing adoption of battery-powered technologies in these sectors is creating new opportunities for smart battery tester manufacturers, particularly those capable of delivering customized and high-performance solutions.

Smart Battery Tester Market by Distribution Channel

The Distribution Channel segment of the Smart Battery Tester market is divided into Online and Offline channels. The offline channel, comprising traditional brick-and-mortar stores, authorized distributors, and specialty retailers, has historically dominated the market. Customers in industrial, automotive, and commercial sectors often prefer offline channels for the purchase of smart battery testers, owing to the need for personalized consultations, product demonstrations, and after-sales support. The ability to physically inspect products, access expert advice, and establish long-term supplier relationships are key factors driving the continued relevance of offline distribution channels in this market.

However, the online distribution channel is witnessing rapid growth, fueled by the increasing digitization of procurement processes and the growing preference for convenience and cost savings. E-commerce platforms, manufacturer websites, and online marketplaces offer a wide range of smart battery testers, enabling customers to compare features, prices, and reviews before making a purchase decision. The availability of detailed product information, user-generated feedback, and flexible payment options has made online channels particularly attractive to small and medium enterprises, residential users, and tech-savvy professionals. The ongoing expansion of e-commerce infrastructure and the rising adoption of digital procurement in industrial and commercial sectors are expected to further accelerate the growth of the online channel through 2034.

The integration of omni-channel strategies by leading smart battery tester manufacturers is blurring the lines between online and offline distribution channels. Companies are increasingly leveraging digital platforms to complement their offline presence, offering value-added services such as virtual product demonstrations, remote technical support, and online training modules. This hybrid approach enables manufacturers to reach a broader customer base, enhance brand visibility, and deliver a seamless purchasing experience. As customer preferences continue to evolve, the ability to offer flexible and integrated distribution solutions will be a key differentiator for market players.

In addition to the traditional online and offline channels, emerging distribution models such as subscription-based services, direct-to-customer (D2C) platforms, and value-added resellers are gaining traction in the smart battery tester market. These innovative models offer customers greater flexibility, cost savings, and access to the latest technologies, while enabling manufacturers to build stronger customer relationships and generate recurring revenue streams. The ongoing evolution of distribution channels is expected to create new growth opportunities for both established and emerging players in the market.

Smart Battery Tester Market by End-User

The End-User segment of the Smart Battery Tester market includes Automotive, Industrial, Residential, Commercial, and Others. The automotive end-user segment remains the largest and most dynamic, driven by the increasing complexity of vehicle battery systems and the growing importance of preventive maintenance. Automotive manufacturers, service centers, and fleet operators rely on smart battery testers to ensure the reliability, safety, and performance of batteries in electric, hybrid, and conventional vehicles. The rising adoption of electric vehicles and the growing emphasis on battery health monitoring are expected to further strengthen the dominance of the automotive segment throughout the 2026-2034 forecast period.

The industrial end-user segment encompasses a wide range of sectors, including manufacturing, logistics, utilities, and healthcare, all of which rely on battery-powered equipment and backup power systems. Smart battery testers are essential tools for industrial maintenance teams, enabling efficient diagnostics, predictive maintenance, and compliance with safety standards. The integration of smart battery testers with industrial IoT platforms and asset management systems is driving operational efficiency, cost savings, and enhanced safety in industrial environments. As industries continue to digitize and automate their operations, the demand for advanced battery testing solutions is expected to witness sustained growth.

The residential end-user segment is gaining momentum, driven by the increasing adoption of home energy storage systems, backup power solutions, and battery-powered appliances. Homeowners are increasingly investing in smart battery testers to monitor the health and performance of batteries used in solar energy systems, uninterruptible power supplies, and smart home devices. The growing awareness of energy efficiency, safety, and cost savings is fueling the demand for user-friendly and affordable smart battery testers in the residential segment. As the penetration of distributed energy resources and smart home technologies continues to rise into the 2030s, the residential end-user segment is poised for significant growth. The related growth of smart battery protection devices within residential settings further underscores the expanding role of intelligent battery management at the consumer level.

The commercial end-user segment includes businesses, institutions, and organizations that rely on battery-powered systems for critical operations, such as data centers, telecommunications, and commercial buildings. Smart battery testers enable commercial users to ensure the uninterrupted operation of backup power systems, optimize energy usage, and comply with regulatory requirements. The increasing adoption of energy management systems and the growing emphasis on sustainability and operational resilience are driving the demand for smart battery testers in the commercial sector. The ability to provide real-time diagnostics, remote monitoring, and predictive maintenance is a key value proposition for commercial end-users.

The 'Others' category within the end-user segment includes specialized sectors such as aerospace, defense, and research institutions, which require customized battery testing solutions tailored to their unique operational and regulatory requirements. The increasing adoption of battery-powered technologies in these sectors is creating new opportunities for smart battery tester manufacturers, particularly those capable of delivering high-performance and application-specific solutions.

Smart Battery Tester Market Opportunities and Threats

The Smart Battery Tester market is poised for significant opportunities, primarily driven by the accelerating adoption of electric vehicles and the global push towards renewable energy integration. As governments worldwide implement stringent emission regulations and incentivize the adoption of clean energy solutions, the demand for advanced battery management and diagnostic tools is expected to surge through 2034. Smart battery testers, with their ability to provide real-time analytics, predictive maintenance, and seamless integration with IoT platforms, are well-positioned to capitalize on this trend. The proliferation of smart grids, distributed energy resources, and energy storage systems presents additional growth avenues, particularly in regions with ambitious renewable energy targets. Manufacturers that invest in innovation, product differentiation, and strategic partnerships are likely to gain a competitive edge in this rapidly evolving market.

Another major opportunity lies in the digital transformation of industrial and commercial sectors, where the adoption of Industry 4.0 and Industry 5.0 technologies is driving the need for advanced battery testing and monitoring solutions. The integration of smart battery testers with industrial IoT platforms, cloud-based analytics, and remote monitoring capabilities enables organizations to optimize asset performance, reduce maintenance costs, and enhance operational resilience. The growing emphasis on safety, regulatory compliance, and sustainability in critical sectors such as healthcare, data centers, and transportation further amplifies the demand for reliable battery diagnostics. As end-users increasingly prioritize data-driven decision-making and predictive maintenance, the market for smart battery testers is expected to witness robust growth across diverse applications and geographies through the forecast period.

Despite the promising growth prospects, the Smart Battery Tester market faces certain restraining factors, chief among them being the high initial cost of advanced testing equipment and the complexity of integrating new technologies with legacy systems. For small and medium enterprises, the upfront investment required for smart battery testers and the associated training and maintenance costs can be a significant barrier to adoption. Additionally, the rapid pace of technological innovation in battery chemistries and testing methodologies necessitates continuous product updates and skill development, posing challenges for both manufacturers and end-users. Market players must address these challenges through targeted customer education, flexible pricing models, and robust after-sales support to ensure sustained market growth across the 2026-2034 period.

Smart Battery Tester Market Size by Region

The Asia Pacific region leads the global Smart Battery Tester market, accounting for approximately 41.2% of the total market value in 2025, which translates to roughly USD 610 million. The region's dominance is underpinned by the presence of major battery manufacturers, rapid industrialization, and the burgeoning adoption of electric vehicles in countries such as China, Japan, and South Korea. China, in particular, has emerged as a global hub for battery production and electric mobility, driving significant demand for advanced battery testing solutions. The increasing investments in renewable energy infrastructure and the growing focus on energy storage systems further contribute to the robust growth of the smart battery tester market in Asia Pacific. The region is projected to maintain a leading CAGR of 9.5% through 2034, outpacing other regions in both market size and growth rate.

Smart Battery Tester Market Regional Share 2025

North America represents the second-largest market for smart battery testers, with a market value of approximately USD 407 million in 2025, driven by the rapid adoption of electric vehicles, the proliferation of consumer electronics, and the presence of a highly advanced industrial base. The United States leads the regional market, supported by significant investments in research and development, a strong focus on innovation, and stringent regulatory standards for battery safety and performance. The growth of the renewable energy sector and the increasing emphasis on grid modernization are further fueling the demand for smart battery testers in North America. The region is expected to maintain steady growth over the 2026-2034 forecast period, driven by ongoing technological advancements and the rising adoption of smart grid solutions.

Europe holds a substantial share of the global smart battery tester market, valued at approximately USD 298 million in 2025, with countries such as Germany, the United Kingdom, and France leading the charge. The region's strong automotive industry, commitment to sustainability, and ambitious renewable energy targets are key factors driving market growth. The increasing electrification of transport, coupled with the expansion of energy storage infrastructure, is creating new opportunities for smart battery tester manufacturers. The Middle East & Africa and Latin America, while representing smaller market shares of approximately USD 80 million and USD 86 million respectively in 2025, are experiencing steady growth, supported by rising investments in energy infrastructure, expanding consumer electronics markets, and the gradual adoption of electric mobility solutions. Both regions are forecast to see above-average growth rates as renewable energy projects scale up across emerging economies during the 2026-2034 forecast window.

Smart Battery Tester Market Competitive Landscape

The Smart Battery Tester market is characterized by a competitive and fragmented landscape, with a mix of established multinational corporations and innovative startups vying for market share. Leading players are focused on product innovation, technological advancements, and strategic collaborations to strengthen their market position. The market's dynamic nature is reflected in the continuous introduction of new features such as wireless connectivity, cloud-based analytics, and AI-driven diagnostics, which are rapidly becoming standard offerings as of 2025. Companies are also investing in expanding their global footprint, enhancing distribution networks, and providing comprehensive after-sales support to differentiate themselves in an increasingly crowded marketplace.

Strategic partnerships and mergers and acquisitions are common strategies employed by major players to access new markets, enhance product portfolios, and leverage complementary strengths. The emphasis on research and development is particularly pronounced, with companies allocating significant resources to develop next-generation smart battery testers that cater to evolving customer needs and emerging battery technologies. The ability to offer customized solutions, rapid response times, and robust technical support is a key differentiator in the market, particularly for industrial and commercial customers with complex operational requirements.

The competitive landscape is further shaped by the entry of innovative startups and niche players that focus on specialized applications, such as high-voltage battery systems, medical devices, and aerospace technologies. These companies often leverage cutting-edge technologies, agile development processes, and deep domain expertise to address specific market gaps and carve out a niche for themselves. The ongoing evolution of battery technologies and the emergence of new application areas are expected to create additional opportunities for both established and emerging players, fostering a vibrant and dynamic competitive environment throughout the 2026-2034 forecast period.

Major companies operating in the Smart Battery Tester market include Midtronics, Inc., Cadex Electronics Inc., Chroma ATE Inc., Hioki E.E. Corporation, Fluke Corporation, Megger Group Limited, Arbin Instruments, Kikusui Electronics Corporation, Eagle Eye Power Solutions, LLC, B&K Precision Corporation, Alber (a division of Vertiv), BatteryDAQ, Foxwell Technology Co., Ltd., Solartron Analytical, Bosch Automotive Service Solutions, and PCE Instruments. Midtronics, Inc. is renowned for its innovative battery management solutions, catering primarily to the automotive and industrial sectors, and has expanded its cloud-connected diagnostics offerings significantly since 2022. Cadex Electronics Inc. is a global leader in battery testing and monitoring technologies, with a strong focus on research and development and a broad product portfolio spanning multiple battery chemistries and applications. Chroma ATE Inc. and Arbin Instruments are prominent in the benchtop and R&D testing space, serving battery cell manufacturers and energy storage system developers. Fluke Corporation and Hioki E.E. Corporation bring their established precision measurement expertise to the smart battery tester market, offering solutions prized for accuracy and durability in industrial environments. Foxwell Technology Co., Ltd. and BatteryDAQ are gaining momentum with connected, software-centric platforms designed for fleet diagnostics and remote battery monitoring.

Top Companies in the Smart Battery Tester Market

  • Cadex Electronics Inc.
  • Midtronics, Inc.
  • Chroma ATE Inc.
  • Hioki E.E. Corporation
  • Fluke Corporation
  • Megger Group Limited
  • ACT Meters Ltd.
  • DV Power
  • Eagle Eye Power Solutions, LLC
  • B&K Precision Corporation
  • Arbin Instruments
  • Kikusui Electronics Corporation
  • Shenzhen Newware Information Technology Co., Ltd.
  • BatteryDAQ
  • Alber (a division of Vertiv)
  • PCE Instruments
  • Bosch Automotive Service Solutions
  • Clore Automotive LLC
  • Foxwell Technology Co., Ltd.
  • Solartron Analytical

Segments

The Smart Battery Tester market has been segmented on the basis of

Product Type

  • Handheld Smart Battery Testers
  • Benchtop Smart Battery Testers
  • Portable Smart Battery Testers
  • Others

Battery Type

  • Lead-Acid
  • Lithium-Ion
  • Nickel-Cadmium
  • Others

Application

  • Automotive
  • Industrial
  • Consumer Electronics
  • Renewable Energy Systems
  • Others

Distribution Channel

  • Online
  • Offline

End-User

  • Automotive
  • Industrial
  • Residential
  • Commercial
  • Others

Frequently Asked Questions

Several transformative trends are defining the market's trajectory through 2034. AI-driven diagnostics and machine learning algorithms are enabling predictive failure detection and state-of-health estimation with unprecedented accuracy. Cloud-based battery management integration allows remote monitoring and fleet-wide analytics. The rise of solid-state batteries and next-generation lithium chemistries is pushing manufacturers to develop more versatile, future-ready testers. Miniaturization and cost reduction in sensor technology are making sophisticated features accessible in handheld form factors. Sustainability mandates are accelerating testing requirements across EV supply chains, while growth in grid-scale energy storage is creating new demand across utility and commercial markets.

The market faces several restraints. High upfront costs for advanced benchtop and portable testers can deter adoption among small and medium enterprises. The rapid pace of battery chemistry innovation requires continuous product upgrades and retraining, placing pressure on both manufacturers and end-users. Integration complexity with legacy industrial systems and the lack of standardized testing protocols across global markets also create friction. In developing regions, limited technical expertise and infrastructure gaps can slow deployment. Additionally, intense competition and commoditization in the entry-level handheld segment compress margins for manufacturers.

The market features a competitive mix of established multinationals and innovative specialists. Key players include Midtronics, Inc., Cadex Electronics Inc., Chroma ATE Inc., Hioki E.E. Corporation, Fluke Corporation, Megger Group Limited, Arbin Instruments, Kikusui Electronics Corporation, Eagle Eye Power Solutions, B&K Precision Corporation, Alber (a division of Vertiv), BatteryDAQ, Foxwell Technology Co., Ltd., Solartron Analytical, Bosch Automotive Service Solutions, and PCE Instruments. These companies compete on innovation, connectivity features, multi-chemistry compatibility, and global service networks.

Smart battery testers are distributed through two primary channels. The offline channel, encompassing authorized distributors, specialty retailers, and direct sales teams, continues to dominate for industrial, automotive, and commercial buyers who value in-person demonstrations and technical support. The online channel is the fastest-growing distribution mode, fueled by e-commerce expansion, digital procurement adoption, and the convenience of comparing specifications and pricing across platforms. Leading manufacturers are increasingly deploying omni-channel strategies that blend both approaches, along with subscription-based and direct-to-customer models.

Automotive remains the dominant application, encompassing EV manufacturers, service centers, and fleet operators requiring precise battery health diagnostics. Industrial applications, including manufacturing, logistics, and healthcare backup power, represent a large and growing segment. Consumer electronics testing supports quality assurance for smartphones, laptops, and wearables. Renewable energy systems, particularly solar and wind storage installations, are among the fastest-growing application areas. Additional niche applications include aerospace, defense, telecommunications, and medical devices.

Smart battery testers are designed to handle a range of chemistries. Lead-acid batteries remain a significant focus due to their continued use in automotive, industrial, and backup power applications. Lithium-ion batteries represent the fastest-growing tested chemistry, driven by EV, consumer electronics, and grid storage deployments. Nickel-cadmium batteries are tested in specialized sectors such as aviation and emergency systems. Emerging chemistries including nickel-metal hydride, solid-state, and flow batteries are increasingly being addressed by next-generation tester platforms.

The market offers four primary product types. Handheld smart battery testers dominate with approximately 38.5% market share in 2025, prized for portability and on-site diagnostics. Benchtop smart battery testers hold around 28.2% share, serving laboratory, R&D, and quality-assurance environments. Portable smart battery testers account for roughly 25.1% share, balancing mobility with advanced multi-chemistry functionality. The Others category, representing about 8.2% share, includes highly specialized testers for aerospace, medical, and high-voltage battery applications.

Asia Pacific leads the global Smart Battery Tester market, accounting for approximately 41.2% of total market value in 2025, equivalent to roughly USD 610 million. This dominance is driven by major battery manufacturing hubs in China, Japan, and South Korea, combined with aggressive EV adoption policies. North America holds the second-largest share at 27.5% (approximately USD 407 million in 2025), followed by Europe at 20.1% (approximately USD 298 million in 2025). Latin America and the Middle East & Africa each represent smaller but steadily growing shares.

The primary growth drivers include the rapid proliferation of electric vehicles and hybrid vehicles requiring stringent battery diagnostics, the global expansion of renewable energy storage systems, and the growing integration of IoT and AI capabilities into battery management workflows. Additionally, stricter regulatory standards for battery safety in automotive and industrial sectors, and the widespread adoption of lithium-ion batteries across consumer electronics and energy storage, are compelling end-users to invest in advanced smart battery testing solutions.

According to our latest research, the global Smart Battery Tester market is projected to reach USD 3.02 billion by 2034, growing at a CAGR of 8.3% from 2026 to 2034, up from a base of USD 1.48 billion in 2025. This growth is driven by rising EV adoption, expanding renewable energy storage deployments, and increasing industrial demand for predictive battery maintenance solutions.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Battery Tester Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Smart Battery Tester Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Smart Battery Tester Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Smart Battery Tester Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Smart Battery Tester Market Size & Forecast, 2023-2032
      4.5.1 Smart Battery Tester Market Size and Y-o-Y Growth
      4.5.2 Smart Battery Tester Market Absolute $ Opportunity

Chapter 5 Global Smart Battery Tester Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 Smart Battery Tester Market Size Forecast By Product Type
      5.2.1 Handheld Smart Battery Testers
      5.2.2 Benchtop Smart Battery Testers
      5.2.3 Portable Smart Battery Testers
      5.2.4 Others
   5.3 Market Attractiveness Analysis By Product Type

Chapter 6 Global Smart Battery Tester Market Analysis and Forecast By Battery Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Battery Type
      6.1.2 Basis Point Share (BPS) Analysis By Battery Type
      6.1.3 Absolute $ Opportunity Assessment By Battery Type
   6.2 Smart Battery Tester Market Size Forecast By Battery Type
      6.2.1 Lead-Acid
      6.2.2 Lithium-Ion
      6.2.3 Nickel-Cadmium
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Battery Type

Chapter 7 Global Smart Battery Tester Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Smart Battery Tester Market Size Forecast By Application
      7.2.1 Automotive
      7.2.2 Industrial
      7.2.3 Consumer Electronics
      7.2.4 Renewable Energy Systems
      7.2.5 Others
   7.3 Market Attractiveness Analysis By Application

Chapter 8 Global Smart Battery Tester Market Analysis and Forecast By Distribution Channel
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      8.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      8.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   8.2 Smart Battery Tester Market Size Forecast By Distribution Channel
      8.2.1 Online
      8.2.2 Offline
   8.3 Market Attractiveness Analysis By Distribution Channel

Chapter 9 Global Smart Battery Tester Market Analysis and Forecast By End-User
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By End-User
      9.1.2 Basis Point Share (BPS) Analysis By End-User
      9.1.3 Absolute $ Opportunity Assessment By End-User
   9.2 Smart Battery Tester Market Size Forecast By End-User
      9.2.1 Automotive
      9.2.2 Industrial
      9.2.3 Residential
      9.2.4 Commercial
      9.2.5 Others
   9.3 Market Attractiveness Analysis By End-User

Chapter 10 Global Smart Battery Tester Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities By Region
      10.1.2 Basis Point Share (BPS) Analysis By Region
      10.1.3 Absolute $ Opportunity Assessment By Region
   10.2 Smart Battery Tester Market Size Forecast By Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis By Region

Chapter 11 Coronavirus Disease (COVID-19) Impact 
   11.1 Introduction 
   11.2 Current & Future Impact Analysis 
   11.3 Economic Impact Analysis 
   11.4 Government Policies 
   11.5 Investment Scenario

Chapter 12 North America Smart Battery Tester Analysis and Forecast
   12.1 Introduction
   12.2 North America Smart Battery Tester Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Smart Battery Tester Market Size Forecast By Product Type
      12.6.1 Handheld Smart Battery Testers
      12.6.2 Benchtop Smart Battery Testers
      12.6.3 Portable Smart Battery Testers
      12.6.4 Others
   12.7 Basis Point Share (BPS) Analysis By Product Type 
   12.8 Absolute $ Opportunity Assessment By Product Type 
   12.9 Market Attractiveness Analysis By Product Type
   12.10 North America Smart Battery Tester Market Size Forecast By Battery Type
      12.10.1 Lead-Acid
      12.10.2 Lithium-Ion
      12.10.3 Nickel-Cadmium
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Battery Type 
   12.12 Absolute $ Opportunity Assessment By Battery Type 
   12.13 Market Attractiveness Analysis By Battery Type
   12.14 North America Smart Battery Tester Market Size Forecast By Application
      12.14.1 Automotive
      12.14.2 Industrial
      12.14.3 Consumer Electronics
      12.14.4 Renewable Energy Systems
      12.14.5 Others
   12.15 Basis Point Share (BPS) Analysis By Application 
   12.16 Absolute $ Opportunity Assessment By Application 
   12.17 Market Attractiveness Analysis By Application
   12.18 North America Smart Battery Tester Market Size Forecast By Distribution Channel
      12.18.1 Online
      12.18.2 Offline
   12.19 Basis Point Share (BPS) Analysis By Distribution Channel 
   12.20 Absolute $ Opportunity Assessment By Distribution Channel 
   12.21 Market Attractiveness Analysis By Distribution Channel
   12.22 North America Smart Battery Tester Market Size Forecast By End-User
      12.22.1 Automotive
      12.22.2 Industrial
      12.22.3 Residential
      12.22.4 Commercial
      12.22.5 Others
   12.23 Basis Point Share (BPS) Analysis By End-User 
   12.24 Absolute $ Opportunity Assessment By End-User 
   12.25 Market Attractiveness Analysis By End-User

Chapter 13 Europe Smart Battery Tester Analysis and Forecast
   13.1 Introduction
   13.2 Europe Smart Battery Tester Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Smart Battery Tester Market Size Forecast By Product Type
      13.6.1 Handheld Smart Battery Testers
      13.6.2 Benchtop Smart Battery Testers
      13.6.3 Portable Smart Battery Testers
      13.6.4 Others
   13.7 Basis Point Share (BPS) Analysis By Product Type 
   13.8 Absolute $ Opportunity Assessment By Product Type 
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Europe Smart Battery Tester Market Size Forecast By Battery Type
      13.10.1 Lead-Acid
      13.10.2 Lithium-Ion
      13.10.3 Nickel-Cadmium
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Battery Type 
   13.12 Absolute $ Opportunity Assessment By Battery Type 
   13.13 Market Attractiveness Analysis By Battery Type
   13.14 Europe Smart Battery Tester Market Size Forecast By Application
      13.14.1 Automotive
      13.14.2 Industrial
      13.14.3 Consumer Electronics
      13.14.4 Renewable Energy Systems
      13.14.5 Others
   13.15 Basis Point Share (BPS) Analysis By Application 
   13.16 Absolute $ Opportunity Assessment By Application 
   13.17 Market Attractiveness Analysis By Application
   13.18 Europe Smart Battery Tester Market Size Forecast By Distribution Channel
      13.18.1 Online
      13.18.2 Offline
   13.19 Basis Point Share (BPS) Analysis By Distribution Channel 
   13.20 Absolute $ Opportunity Assessment By Distribution Channel 
   13.21 Market Attractiveness Analysis By Distribution Channel
   13.22 Europe Smart Battery Tester Market Size Forecast By End-User
      13.22.1 Automotive
      13.22.2 Industrial
      13.22.3 Residential
      13.22.4 Commercial
      13.22.5 Others
   13.23 Basis Point Share (BPS) Analysis By End-User 
   13.24 Absolute $ Opportunity Assessment By End-User 
   13.25 Market Attractiveness Analysis By End-User

Chapter 14 Asia Pacific Smart Battery Tester Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Smart Battery Tester Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Smart Battery Tester Market Size Forecast By Product Type
      14.6.1 Handheld Smart Battery Testers
      14.6.2 Benchtop Smart Battery Testers
      14.6.3 Portable Smart Battery Testers
      14.6.4 Others
   14.7 Basis Point Share (BPS) Analysis By Product Type 
   14.8 Absolute $ Opportunity Assessment By Product Type 
   14.9 Market Attractiveness Analysis By Product Type
   14.10 Asia Pacific Smart Battery Tester Market Size Forecast By Battery Type
      14.10.1 Lead-Acid
      14.10.2 Lithium-Ion
      14.10.3 Nickel-Cadmium
      14.10.4 Others
   14.11 Basis Point Share (BPS) Analysis By Battery Type 
   14.12 Absolute $ Opportunity Assessment By Battery Type 
   14.13 Market Attractiveness Analysis By Battery Type
   14.14 Asia Pacific Smart Battery Tester Market Size Forecast By Application
      14.14.1 Automotive
      14.14.2 Industrial
      14.14.3 Consumer Electronics
      14.14.4 Renewable Energy Systems
      14.14.5 Others
   14.15 Basis Point Share (BPS) Analysis By Application 
   14.16 Absolute $ Opportunity Assessment By Application 
   14.17 Market Attractiveness Analysis By Application
   14.18 Asia Pacific Smart Battery Tester Market Size Forecast By Distribution Channel
      14.18.1 Online
      14.18.2 Offline
   14.19 Basis Point Share (BPS) Analysis By Distribution Channel 
   14.20 Absolute $ Opportunity Assessment By Distribution Channel 
   14.21 Market Attractiveness Analysis By Distribution Channel
   14.22 Asia Pacific Smart Battery Tester Market Size Forecast By End-User
      14.22.1 Automotive
      14.22.2 Industrial
      14.22.3 Residential
      14.22.4 Commercial
      14.22.5 Others
   14.23 Basis Point Share (BPS) Analysis By End-User 
   14.24 Absolute $ Opportunity Assessment By End-User 
   14.25 Market Attractiveness Analysis By End-User

Chapter 15 Latin America Smart Battery Tester Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Smart Battery Tester Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Smart Battery Tester Market Size Forecast By Product Type
      15.6.1 Handheld Smart Battery Testers
      15.6.2 Benchtop Smart Battery Testers
      15.6.3 Portable Smart Battery Testers
      15.6.4 Others
   15.7 Basis Point Share (BPS) Analysis By Product Type 
   15.8 Absolute $ Opportunity Assessment By Product Type 
   15.9 Market Attractiveness Analysis By Product Type
   15.10 Latin America Smart Battery Tester Market Size Forecast By Battery Type
      15.10.1 Lead-Acid
      15.10.2 Lithium-Ion
      15.10.3 Nickel-Cadmium
      15.10.4 Others
   15.11 Basis Point Share (BPS) Analysis By Battery Type 
   15.12 Absolute $ Opportunity Assessment By Battery Type 
   15.13 Market Attractiveness Analysis By Battery Type
   15.14 Latin America Smart Battery Tester Market Size Forecast By Application
      15.14.1 Automotive
      15.14.2 Industrial
      15.14.3 Consumer Electronics
      15.14.4 Renewable Energy Systems
      15.14.5 Others
   15.15 Basis Point Share (BPS) Analysis By Application 
   15.16 Absolute $ Opportunity Assessment By Application 
   15.17 Market Attractiveness Analysis By Application
   15.18 Latin America Smart Battery Tester Market Size Forecast By Distribution Channel
      15.18.1 Online
      15.18.2 Offline
   15.19 Basis Point Share (BPS) Analysis By Distribution Channel 
   15.20 Absolute $ Opportunity Assessment By Distribution Channel 
   15.21 Market Attractiveness Analysis By Distribution Channel
   15.22 Latin America Smart Battery Tester Market Size Forecast By End-User
      15.22.1 Automotive
      15.22.2 Industrial
      15.22.3 Residential
      15.22.4 Commercial
      15.22.5 Others
   15.23 Basis Point Share (BPS) Analysis By End-User 
   15.24 Absolute $ Opportunity Assessment By End-User 
   15.25 Market Attractiveness Analysis By End-User

Chapter 16 Middle East & Africa (MEA) Smart Battery Tester Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast By Product Type
      16.6.1 Handheld Smart Battery Testers
      16.6.2 Benchtop Smart Battery Testers
      16.6.3 Portable Smart Battery Testers
      16.6.4 Others
   16.7 Basis Point Share (BPS) Analysis By Product Type 
   16.8 Absolute $ Opportunity Assessment By Product Type 
   16.9 Market Attractiveness Analysis By Product Type
   16.10 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast By Battery Type
      16.10.1 Lead-Acid
      16.10.2 Lithium-Ion
      16.10.3 Nickel-Cadmium
      16.10.4 Others
   16.11 Basis Point Share (BPS) Analysis By Battery Type 
   16.12 Absolute $ Opportunity Assessment By Battery Type 
   16.13 Market Attractiveness Analysis By Battery Type
   16.14 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast By Application
      16.14.1 Automotive
      16.14.2 Industrial
      16.14.3 Consumer Electronics
      16.14.4 Renewable Energy Systems
      16.14.5 Others
   16.15 Basis Point Share (BPS) Analysis By Application 
   16.16 Absolute $ Opportunity Assessment By Application 
   16.17 Market Attractiveness Analysis By Application
   16.18 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast By Distribution Channel
      16.18.1 Online
      16.18.2 Offline
   16.19 Basis Point Share (BPS) Analysis By Distribution Channel 
   16.20 Absolute $ Opportunity Assessment By Distribution Channel 
   16.21 Market Attractiveness Analysis By Distribution Channel
   16.22 Middle East & Africa (MEA) Smart Battery Tester Market Size Forecast By End-User
      16.22.1 Automotive
      16.22.2 Industrial
      16.22.3 Residential
      16.22.4 Commercial
      16.22.5 Others
   16.23 Basis Point Share (BPS) Analysis By End-User 
   16.24 Absolute $ Opportunity Assessment By End-User 
   16.25 Market Attractiveness Analysis By End-User

Chapter 17 Competition Landscape 
   17.1 Smart Battery Tester Market: Competitive Dashboard
   17.2 Global Smart Battery Tester Market: Market Share Analysis, 2023
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      17.3.1 Cadex Electronics Inc.
      17.3.2 Midtronics, Inc.
      17.3.3 Chroma ATE Inc.
      17.3.4 Hioki E.E. Corporation
      17.3.5 Fluke Corporation
      17.3.6 Megger Group Limited
      17.3.7 ACT Meters Ltd.
      17.3.8 DV Power
      17.3.9 Eagle Eye Power Solutions, LLC
      17.3.10 B&K Precision Corporation
      17.3.11 Arbin Instruments
      17.3.12 Kikusui Electronics Corporation
      17.3.13 Shenzhen Newware Information Technology Co., Ltd.
      17.3.14 BatteryDAQ
      17.3.15 Alber (a division of Vertiv)
      17.3.16 PCE Instruments
      17.3.17 Bosch Automotive Service Solutions
      17.3.18 Clore Automotive LLC
      17.3.19 Foxwell Technology Co., Ltd.
      17.3.20 Solartron Analytical

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