Battery Cyclers Analysis Up to 2028

According to the new research report on "Battery Cyclers Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 298.20 million by 2028; it is expected to register a CAGR of 6.2% from 2022 to 2028.

Comprehensive standards that are widely implemented are required to ensure the safety of various products delivered by air. The International Air Transport Association (IATA) urged the aerospace, consumer electronics, energy & utilities, healthcare, and every sector that uses batteries to adopt and implement the global standards for screening, testing, and incident information sharing for ensuring the safe transportation of lithium batteries. With a rapid rise in the global demand for lithium batteries, many new shippers are entering air cargo supply chains. IATA is one of the biggest air transportation governing organizations; such regulation levied by the authority has to be strictly followed, which is influencing the growth of the battery testing equipment market, thereby positively impacting the battery cyclers market share globally.

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Automotive, aerospace, machinery, and consumer electronics are among the major manufacturing industries in Europe. According to EU, the automotive industry and consumer electronics industry, in each of the European countries, contribute ~7% and ~10%, respectively, to the country’s GDP. Further, the automotive industry in the region is the largest private investor in R&D, and it receives support from governments in the form of R&D funds. Car manufacturers in European countries such as Volkswagen, Volvo, Audi, and BMW are investing in the production of EVs, which will boost the demand for batteries. A battery cycler is a vital instrument for both research and testing of rechargeable batteries. Thus, the above factors are likely to boost the battery cyclers market growth during the forecast period.

The battery cyclers market size is segmented into channel, battery type, and end user. Based on channel, the battery cyclers market is segmented into 16, 8, and 4. Based on battery type, the battery cyclers market is categorized into lead acid, nickel-cadmium (NiCd) batteries, nickel-metal (NiMh) batteries, and lithium-ion (Li-Ion) batteries. Based on end user, the battery cyclers market is segmented into aerospace, energy & power, automotive, consumer electronics, and others.

Key Findings of Study

North America accounted for the second largest battery cyclers market share in the North America region in 2021. The rising investment in product development in the sectors such as automotive, consumer electronics, and aerospace is driving the demand for battery cyclers. For instance, the rising demand for electric vehicles and thin batteries for consumer electronic devices is influencing the growth of the battery cyclers market size in the region.

BioLogic Sciences Instruments; Unico, LLC; Bitrode Corporation; Chroma Systems Solutions, Inc; HIOKI E.E. CORPORATION; Arbin Instruments; DIGATRON; PEC; Xiamen Tmax Battery Equipments Limited; and Gamry Instruments are among the leading battery cyclers market players.

Based on region, the battery cyclers market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is likely to witness the highest battery cyclers market growth during the forecast period. The increasing demand for electric vehicles, which led to a surge in the usage of various batteries, and the growing use of smartphones, laptops, tablets, wearables, and other consumer electronics devices that are boosting the need for thin batteries are further fueling the demand for battery testing equipment in battery cyclers market.

Battery Cyclers Market: Channel Type Overview

Based on channel type, the global battery cyclers market is segmented into 16, 8, and 4. The 8-channel type segment accounted for the largest share in the battery cyclers market share in 2021. It provides various applications such as electrode materials research, battery performance test, capability grading, small-scale battery formation, battery pack testing, etc., in battery testing fields which increase the demand for battery cyclers. It is also used for characteristics screening, cycle life testing, incoming and shipping inspection, material experiment, and balancing battery voltages. The companies which produce 8-channel battery cyclers are Chroma Systems Solutions, Inc., Xiamen Tmax Battery Equipments Limited, PEC, and BioLogic Sciences Instruments. Chroma Systems Solutions, Inc. has produced a 17208M-6-30 8-channel battery cell tester which is used for energy storage products such as battery cells, super capacitors, and lithium-ion capacitors. Also, Xiamen Tmax Battery Equipments Limited has produced an 8-channel battery analyzer (100mA - 20A Up To 5V) with software that can be used for evaluating the cell capacity and life cycle of all types of rechargeable batteries.

The overall battery cyclers market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the battery cyclers market. The process also serves the purpose of obtaining an overview and market forecast of the battery cyclers market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the battery cyclers market.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global battery cyclers market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global battery cyclers market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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