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Battery Cyclers Market Size, Share | Industry Report [2031]
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Battery Cyclers Market Size, Share | Industry Report [2031]

Segments - Battery Cyclers Market by Type (Lithium-Ion Batteries, Lead Acid, Nickel-Cadmium Batteries, and Nickel-Metal Hydride Batteries), Channel Type (4, 8, and 16), End-user (Automotive, Consumer Electronics, Aerospace, Energy & Power, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-5136 | 4.1 Rating | 58 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The global battery cyclers market size was USD 208.14 Million in 2022 and is likely to reach USD 357.66 Million by 2031, expanding at a CAGR of 6.2% during 2023–2031. Rising demand for enhanced machinery requires battery cyclers boosts the battery cyclers market.

Battery cyclers are also known as battery testers. These devices are portable and are used for testing and analyzing the performance of batteries. They are used in measuring a wide range of battery specifications, including capacity, resistance, voltage, and charge-discharge efficiency. Battery cyclers are designed for testing battery chemistries such as nickel-cadmium, lithium-ion, and lead-acid. Additionally, they are designed in various sizes including small button cells and large industrial batteries.

Battery Cyclers Market Outlook

Battery cyclers are usually used in manufacturing, research & development, and quality control applications to ensure that batteries function properly and to identify any potential issues and defects. They work when batteries are cycled through charge-discharge cycles while monitoring their performance and efficiency.

They are specified to perform a particular number of cycles at a fixed rate, allowing for accurate controlling of testing conditions. Additionally, battery cyclers are used to activate real-time usage scenarios, which are experienced in portable electronic devices or electric vehicles.

The COVID-19 pandemic affected the overall revenue of the global battery cyclers market due to the sharp decline in the availability of manufacturing materials. As a part of preventive measures imposed by governments across countries for curbing the spread of virus, the shutdown of factories and industries affected the demand for battery cyclers. Moreover, disruption in the supply chain and the lack of supply of raw materials forced manufacturers to delay their production and reschedule the existing projects.

Battery Cyclers Market Dynamics

Global Battery Cyclers Market Dynamics

Major Drivers

Rising demand for electric vehicles increases the use of battery cyclers. Increasing technological advancements in the automotive industry and the development of renewable energy sources are driving the market. In addition, the growing use of laptops, smartphones, wearables, tablets, and other consumer electronic products that require a thin battery, further boosts the battery cyclers market.

Existing Restraints

Limited dependability on battery testing is anticipated to restrain the market. The results obtained in the testing procedure are sometimes inadequate, which is expected to hamper the testing process.

Emerging Opportunities

Major players are adopting initiatives to improve battery testing procedures and produce safe, durable, and efficient batteries. For instance, in August 2020, Kyoto University and Toyota Motors created next-generation battery technology.

Its capabilities included filling the maximum amount of energy into lightweight and smaller packages than the present Li-ion batteries. Such developments and technological advancements are projected to create lucrative opportunities in the battery cyclers market.

Scope of Battery Cyclers Market Report

The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Battery Cyclers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Lithium-Ion Batteries, Lead Acid, Nickel-Cadmium Batteries, and Nickel-Metal Hydride Batteries), Channel Type (4, 8, and 16), and End-user (Automotive, Consumer Electronics, Aerospace, Energy & Power, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Chroma Systems Solutions, Inc.; HIOKI E.E. CORPORATION; Unico, LLC; Xiamen Tmax Battery Equipments Limited; Bitrode Corp.; Chroma Systems Solutions, Inc; HIOKI E.E. CORPORATION; DIGATRON; and Arbin Instruments

Battery Cyclers Market Segment Insights

Based on type, the battery cyclers market is divided into lithium-ion batteries, lead acid, nickel-cadmium batteries, and nickel-metal hydride batteries. The lithium-ion batteries segment is expected to expand at a significant growth rate during the projection period, as it has wide applications such as electronics, handheld power tools, toys, and electric vehicles.

Global Battery Cyclers Market Type

On the basis of channel type, the global market is segregated into 4, 8, and 16. The 8 segment is projected to grow at a significant pace during the forecast period, as it has eight programmable channels. Each channel has an independent constant source of current and voltage, which are controlled by the user. Module units are removed and added without interrupting other units, which supports the segment growth.

On the basis of end-user, the battery cyclers market is segmented into automotive, consumer electronics, aerospace, energy & power, and others. The automotive segment is anticipated to expand at a considerable pace during the forecast period, as it is used in the research & development of battery packs for grid storage applications and electrical vehicles. Moreover, lithium-ion is a common type of battery cycler used in the electric vehicle sector, as it has high energy-density.

Global Battery Cyclers Market End User

In terms of region, the global battery cyclers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, as the region has several countries with developing economies. Countries including India are likely to make investments in the battery cyclers market, which is projected to drive the market in the region.

Global Battery Cyclers Market Region

Segments

The battery cyclers market has been segmented on the basis of

Type

  • Lithium-ion Batteries
  • Lead Acid
  • Nickel-cadmium Batteries
  • Nickel-metal Hydride Batteries

Channel Type

  • 4
  • 8
  • 16

End-user

  • Automotive
  • Consumer Electronics
  • Aerospace
  • Energy & Power
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Chroma Systems Solutions, Inc.
  • HIOKI E.E. CORPORATION
  • Unico, LLC
  • Xiamen Tmax Battery Equipments Limited
  • Bitrode Corp.
  • Chroma Systems Solutions, Inc
  • HIOKI E.E. CORPORATION
  • DIGATRON
  • Arbin Instruments
  • BioLogic

Competitive Landscape

Players in the global battery cyclers market include Chroma Systems Solutions, Inc.; HIOKI E.E. CORPORATION; Unico, LLC; Xiamen Tmax Battery Equipments Limited; Bitrode Corp.; Chroma Systems Solutions, Inc; HIOKI E.E. CORPORATION; DIGATRON; and Arbin Instruments; BioLogic. These companies adopt strategies such as acquisitions, partnerships, collaboration, mergers, R&D investments, and product launches to boost their market share. For instance,

  • In September 2022, Chroma Systems Solutions, Inc. announced plans to open a new facility in Austin, Texas, the US. This is expected to help the company contribute to the growing demand for battery and power conversion testing equipment.

  • In February 2022, HIOKI E.E. CORPORATION announced the launch of three new battery testers, designed to detect defects in quality of battery production lines. This launch increased the safety of lithium-ion batteries.

Global Battery Cyclers Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Battery Cyclers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Battery Cyclers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Battery Cyclers Market - Supply Chain
  4.5. Global Battery Cyclers Market Forecast
     4.5.1. Battery Cyclers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Battery Cyclers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Battery Cyclers Market Absolute $ Opportunity
5. Global Battery Cyclers Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Battery Cyclers Market Size and Volume Forecast by Types
     5.3.1. Lithium-ion Batteries
     5.3.2. Lead Acid
     5.3.3. Nickel-cadmium Batteries
     5.3.4. Nickel-metal Hydride Batteries
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Battery Cyclers Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Battery Cyclers Market Size and Volume Forecast by End Users
     6.3.1. Automotive
     6.3.2. Consumer Electronics
     6.3.3. Aerospace
     6.3.4. Energy & Power
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Battery Cyclers Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Battery Cyclers Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Battery Cyclers Demand Share Forecast, 2019-2026
8. North America Battery Cyclers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Battery Cyclers Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Battery Cyclers Market Size and Volume Forecast by Types
     8.4.1. Lithium-ion Batteries
     8.4.2. Lead Acid
     8.4.3. Nickel-cadmium Batteries
     8.4.4. Nickel-metal Hydride Batteries
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Battery Cyclers Market Size and Volume Forecast by End Users
     8.7.1. Automotive
     8.7.2. Consumer Electronics
     8.7.3. Aerospace
     8.7.4. Energy & Power
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Battery Cyclers Demand Share Forecast, 2019-2026
9. Latin America Battery Cyclers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Battery Cyclers Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Battery Cyclers Market Size and Volume Forecast by Types
     9.4.1. Lithium-ion Batteries
     9.4.2. Lead Acid
     9.4.3. Nickel-cadmium Batteries
     9.4.4. Nickel-metal Hydride Batteries
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Battery Cyclers Market Size and Volume Forecast by End Users
     9.7.1. Automotive
     9.7.2. Consumer Electronics
     9.7.3. Aerospace
     9.7.4. Energy & Power
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Battery Cyclers Demand Share Forecast, 2019-2026
10. Europe Battery Cyclers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Battery Cyclers Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Battery Cyclers Market Size and Volume Forecast by Types
     10.4.1. Lithium-ion Batteries
     10.4.2. Lead Acid
     10.4.3. Nickel-cadmium Batteries
     10.4.4. Nickel-metal Hydride Batteries
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Battery Cyclers Market Size and Volume Forecast by End Users
     10.7.1. Automotive
     10.7.2. Consumer Electronics
     10.7.3. Aerospace
     10.7.4. Energy & Power
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Battery Cyclers Demand Share Forecast, 2019-2026
11. Asia Pacific Battery Cyclers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Battery Cyclers Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Battery Cyclers Market Size and Volume Forecast by Types
     11.4.1. Lithium-ion Batteries
     11.4.2. Lead Acid
     11.4.3. Nickel-cadmium Batteries
     11.4.4. Nickel-metal Hydride Batteries
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Battery Cyclers Market Size and Volume Forecast by End Users
     11.7.1. Automotive
     11.7.2. Consumer Electronics
     11.7.3. Aerospace
     11.7.4. Energy & Power
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Battery Cyclers Demand Share Forecast, 2019-2026
12. Middle East & Africa Battery Cyclers Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Battery Cyclers Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Battery Cyclers Market Size and Volume Forecast by Types
     12.4.1. Lithium-ion Batteries
     12.4.2. Lead Acid
     12.4.3. Nickel-cadmium Batteries
     12.4.4. Nickel-metal Hydride Batteries
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Battery Cyclers Market Size and Volume Forecast by End Users
     12.7.1. Automotive
     12.7.2. Consumer Electronics
     12.7.3. Aerospace
     12.7.4. Energy & Power
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Battery Cyclers Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Battery Cyclers Market: Market Share Analysis
  13.2. Battery Cyclers Distributors and Customers
  13.3. Battery Cyclers Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Chroma Systems Solutions, Inc.
     13.4.2. HIOKI E.E. CORPORATION
     13.4.3. Unico, LLC
     13.4.4. Xiamen Tmax Battery Equipments Limited
     13.4.5. Bitrode Corp.
     13.4.6. Chroma Systems Solutions, Inc
     13.4.7. HIOKI E.E. CORPORATION
     13.4.8. DIGATRON
     13.4.9. Arbin Instruments
     13.4.10. BioLogic

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