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 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
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
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Details
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Report Title
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Battery Cyclers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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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)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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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
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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.
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.
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.
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
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,
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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.
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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.