Share this article Share this article ResearchAndMarkets.com's offering. According to this report the global battery testing equipment market was valued at US$ 452.40 million in 2019 and is projected to reach US$ 653.71 million by 2027; it is expected to grow at a CAGR of 4.7% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market. Increasing developments in electronics industry is a major driver for the global battery testing equipment market. Rising adoption of internet coupled with smartphone usage is expected to increase the demand for portable power sources. This demands the integration of batteries, such as silicon battery - an ideal choice for electronic gadgets, for enhanced energy storage. At present, smartphones with lightweight and innovative features are preferred by consumers across the world.