Battery Cyclers Market Size - By Type (Lead-acid Batteries, Nickel-cadmium Batteries, Nickel-metal Hydride Batteries, Lithium-ion Batteries), By Services (Cell Testing, Module Testing, Pack Testing), By End User & Forecast, 2024

Description

Global Battery Cyclers Market size is anticipated to exhibit over 16% CAGR from 2024 to 2032, due to the increasing number of product launches and advancements in battery technologies. Battery cyclers are integrated with new features to improve testing and analysis of battery performance while enhancing accuracy and efficiency.

Innovations, such as more sophisticated testing protocols and better data management systems for supporting the development of higher-performing batteries. These improvements are also driving more precise and efficient evaluations of emerging battery technologies, further contributing to the development of next-generation energy storage solutions. For instance, in April 2024, Biologic launched its latest BCS-900 Battery Cycler series featuring advanced testing capabilities and enhanced data management to support the evaluation and development of cutting-edge battery technologies with improved precision and efficiency.

The battery cyclers market is segregated into type, end-user, service, and region.

By type, the industry size from the nickel-cadmium batteries segment is estimated to grow at significant rate from 2024 to 2032, due to their increasing demand to evaluate performance and longevity. These cyclers are incorporated with advanced technologies to provide detailed insights into the efficiency, capacity, and degradation of nickel-cadmium batteries. Manufacturers are also refining testing protocols to better understand the behavior of these batteries under various conditions, such as different charge and discharge cycles for improving accuracy.

Battery cyclers industry from the cell testing service segment is predicted to expand from 2024 to 2032, driven by the need to evaluate the performance and durability of batteries. Cell testing services employ cyclers to conduct extensive tests on battery cells for measuring charge and discharge cycles to ensure that they meet the quality standards. Battery cyclers also enable the precise analysis to identify potential issues early. In addition, researchers and developers are working on improving these cyclers to enhance their efficiency and accuracy.

Regionally, the Europe battery cyclers industry size is projected to expand between 2024 and 2032, propelled by rapid advancements in the automotive sector. The rising adoption of consumer electronics is driving the need for more precise and efficient battery testing as these devices require high-performance batteries. Simultaneously, developments in the automotive sector, particularly electric vehicles are increasing the focus on battery reliability and lifespan. Lastly, the ongoing advancements in both consumer electronics and automotive technologies are boosting the demand for sophisticated battery cyclers in the region.

Product Code: 9673

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for Electric Vehicles (EVs)
  - 3.8.1.2 Increasing investments in renewable energy storage solutions
  - 3.8.1.3 Advancements in battery technology
  - 3.8.1.4 Stringent regulatory standards for battery performance
  - 3.8.1.5 Expanding applications in consumer electronics and industrial sectors
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 High initial capital investment for testing equipment
  - 3.8.2.2 Challenges in standardization across diverse applications
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Lead-acid batteries
5.3 Nickel-cadmium batteries
5.4 Nickel-metal hydride batteries
5.5 Lithium-ion batteries

Chapter 6 Market Estimates & Forecast, By End-User, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Aerospace
6.3 Energy & power
6.4 Automotive
6.5 Consumer electronics
6.6 Education & research
6.7 Others

Chapter 7 Market Estimates & Forecast, By Service, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Cell testing
7.3 Module testing
7.4 Pack testing

Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 AMETEK
9.2 Arbin Instruments
9.3 BioLogic Sciences Instruments
9.4 Bitrode Corporation
9.5 Chroma Systems Solutions
9.6 Digatron Power Electronics
9.7 EVTS
9.8 Gamry Instruments
9.9 Hephas Energy Corporation
9.10 Hohsen Corporation
9.11 JEOL Ltd.
9.12 KEYSIGHT Technologies
9.13 LANDT Instruments
9.14 Maccor, Inc.
9.15 MAGNA-POWER
9.16 MTI Corporation
9.17 Neware Technology Limited
9.18 PEC North America
9.19 PINE Research Instrumentation
9.20 Shenzhen Lixing Power Source Technology Co., Ltd.

Battery Cyclers Market Size - By Type (Lead-acid Batteries, Nickel-cadmium Batteries, Nickel-metal Hydride Batteries, Lithium-ion Batteries), By Services (Cell Testing, Module Testing, Pack Testing), By End User & Forecast, 2024 - 2032