Battery Cyclers Market
PUBLISHED: 2024 ID: SMRC27344
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Battery Cyclers Market

Battery Cyclers Market Forecasts to 2030 - Global Analysis by Type (Single-Channel Battery Cyclers, Multi-Channel Battery Cyclers, Other Types) Battery Type, Channel Type, Application, End User and By Geography

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4.8 (60 reviews)
Published: 2024 ID: SMRC27344

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Battery Cyclers Market is accounted for $794 million in 2024 and is expected to reach $2057.7 million by 2030 growing at a CAGR of 17.2% during the forecast period. Battery cyclers are specialized devices used to test and analyze the performance of batteries by simulating charge and discharge cycles. These machines measure key parameters such as capacity, voltage, and efficiency over multiple cycles to assess battery lifespan, stability, and safety. They are essential in the development and quality control of batteries, particularly in applications like electric vehicles, consumer electronics, and renewable energy storage. By providing detailed insights into battery behaviour under various conditions, batteries cyclers help ensure the reliability and performance of battery systems, supporting advancements in energy storage technology.

Market Dynamics: 

Driver: 

Advancements in Battery Technologies

Advancements in battery technologies, such as improvements in lithium-ion, solid-state, and next-generation batteries, significantly impact the market. As new battery chemistries and designs emerge, battery cyclers must evolve to accommodate different testing requirements, such as higher energy densities, faster charging rates, and enhanced safety features. These advancements drive demand for more sophisticated cyclers capable of handling diverse testing protocols. Thus, it boosts the growth of the market.

Restraint:

Economic Downturns

Economic downturns can significantly impact the market by reducing overall investment in research and development. Budget constraints often force companies to delay or scale back on purchasing new battery cyclers, affecting market growth. Additionally, reduced consumer spending can lead to lower sales of consumer electronics, which in turn decreases the demand for battery testing. Thus, it hinders the growth of the market.

Opportunity:

Demand for Consumer Electronics

The surging demand for consumer electronics, such as smartphones, tablets, and laptops, significantly impacts the market. As these devices proliferate, the need for efficient, long-lasting batteries increases, demand for battery testing solutions. Battery cyclers are essential for evaluating the performance and safety of lithium-ion batteries used in these electronics. Consequently, the growing consumer electronics sector fuels the need for advanced battery cyclers to ensure high-quality and reliable battery performance, thus it drives the growth of the market.

Threat:

High Cost of Equipment

The high cost of battery cycler equipment significantly impacts the market by limiting accessibility for smaller companies and research institutions. These costs can deter new entrants and constrain budget allocations, potentially slowing innovation and market growth. High equipment prices also lead to longer return-on-investment (ROI) periods, affecting financial feasibility for some businesses, thus it hampers the growth of the market.

Covid-19 Impact: 

The COVID-19 pandemic had a mixed impact on the Battery Cyclers Market. Initially, supply chain disruptions and manufacturing halts caused delays and shortages in battery cyclers. However, the increased reliance on electronic devices and remote work drove demand for high-performance batteries, boosting the need for advanced battery testing. The pandemic accelerated the adoption of digital and smart technologies, heightening the focus on battery efficiency and safety.

The medical devices segment is expected to be the largest during the forecast period

The medical devices segment is expected to be the largest during the forecast period due to the critical role batteries play in medical equipment such as portable monitors, infusion pumps, and defibrillators. These devices require reliable, long-lasting batteries with stringent safety standards, necessitating precise battery testing and development. As medical technology advances and the demand for portable, high-performance medical devices grows, the need for advanced battery cyclers increases, driving market growth and innovation.

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is expected to have the highest CAGR during the forecast period due to the increasing demand for high-performance batteries in devices like smartphones, laptops, and wearable’s. These gadgets require thorough testing to ensure battery longevity, safety, and efficiency, which battery cyclers provide by simulating charge-discharge cycles. As consumers seek faster charging and extended battery life, manufacturers invest more in battery research and testing. 

Region with largest share:

North America is projected to have the largest market share during the forecast period attributed to the region's growing focus on renewable energy integration, and battery research. Increased demand for high-performance batteries in sectors like automotive, aerospace, and energy storage systems drives the need for advanced battery testing solutions, such as battery cyclers. Key industries benefit from enhanced battery lifecycle analysis, safety, and efficiency improvements. Sustainable technologies further support market growth, positioning North America as a key player in the global battery cyclers industry.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period owing to the region's rapid adoption of electric vehicles (EVs), renewable energy systems, and expanding battery manufacturing. The rise in consumer electronics and the transition to clean energy also boost the market. Additionally, government policies promoting EV adoption and sustainability efforts further contribute to the market's expansion, making Asia-Pacific a key region for battery testing and cycling technologies.

Key players in the market

Some of the key players in Battery Cyclers Market include Arbin Instruments, BioLogic Science Instruments, Bitrode Corporation, BTS Battery Technology Solutions, Chroma Systems Solutions, Digatron Power Electronics, E-One Moli Energy, Gamry Instruments, Hefei Kewell Power System Co., Ltd., InvenSense Inc., Keysight Technologies, Maccor Inc., MTI Corporation, National Instruments Corporation, Neware Technology Limited, OAI (Optical Associates Inc.), PEC North America, Scribner Associates, Shenzhen Bonad Instrument Co., Ltd., Thundersoft Battery Solutions, Toshiba Corporation and Zentro Elektrik GmbH.

Key Developments:

In August 2024, Keysight Technologies, announced that it has joined the Joint Cyber Defense Collaborative (JCDC), expanding its current partnership with the U.S. government to enhance the nation’s cybersecurity resiliency

In July 2024, Toshiba Electronic Devices & Storage Corporation has launched a line up of eight compact, high-voltage electronic fuses (eFuse ICs), the TCKE9 Series, that support multiple functions for the protection of power supply lines

In June 2024, Toshiba and Numana are announced a strategic collaboration to enhance the Kirq quantum communication testbed in the Province of Quebec. This evolving relationship will contribute to expand the characteristics of Kirq’s real-world telco-grade infrastructure in capacity and distance.

Types Covered:
• Single-Channel Battery Cyclers
• Multi-Channel Battery Cyclers
• Other Types

Battery Types Covered:
• Lithium-Ion Batteries
• Lead-Acid Batteries
• Nickel-Cadmium Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Sodium-Ion Batteries
• Advanced Batteries
• Other Battery Types

Channel Types Covered:
• High-Voltage Battery Cyclers
• Low-Voltage Battery Cyclers

Applications Covered:
• Automotive
• Consumer Electronics
• Energy Storage Systems (ESS)
• Aerospace & Defense
• Medical Devices
• Research and Development
• Other Applications

End Users Covered:
• Battery Manufacturers
• Universities and Academic Institutions
• Institutes & Laboratories
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Battery Cyclers Market, By Type   
 5.1 Introduction    
 5.2 Single-Channel Battery Cyclers  
 5.3 Multi-Channel Battery Cyclers   
 5.4 Other Types    
       
6 Global Battery Cyclers Market, By Battery Type  
 6.1 Introduction    
 6.2 Lithium-Ion Batteries   
 6.3 Lead-Acid Batteries    
 6.4 Nickel-Cadmium Batteries   
 6.5 Nickel-Metal Hydride (NiMH) Batteries  
 6.6 Sodium-Ion Batteries   
 6.7 Advanced Batteries    
 6.8 Other Battery Types    
       
7 Global Battery Cyclers Market, By Channel Type  
 7.1 Introduction    
 7.2 High-Voltage Battery Cyclers   
 7.3 Low-Voltage Battery Cyclers   
       
8 Global Battery Cyclers Market, By Application  
 8.1 Introduction    
 8.2 Automotive    
 8.3 Consumer Electronics   
 8.4 Energy Storage Systems (ESS)   
 8.5 Aerospace & Defense   
 8.6 Medical Devices    
 8.7 Research and Development   
 8.8 Other Applications    
       
9 Global Battery Cyclers Market, By End User  
 9.1 Introduction    
 9.2 Battery Manufacturers   
 9.3 Universities and Academic Institutions  
 9.4 Institutes & Laboratories   
 9.5 Other End Users    
       
10 Global Battery Cyclers Market, By Geography  
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions    
 11.5 Other Key Strategies   
       
12 Company Profiling     
 12.1 Arbin Instruments    
 12.2 BioLogic Science Instruments   
 12.3 Bitrode Corporation    
 12.4 BTS Battery Technology Solutions  
 12.5 Chroma Systems Solutions   
 12.6 Digatron Power Electronics   
 12.7 E-One Moli Energy    
 12.8 Gamry Instruments    
 12.9 Hefei Kewell Power System Co., Ltd.  
 12.10 InvenSense Inc.    
 12.11 Keysight Technologies   
 12.12 Maccor Inc.    
 12.13 MTI Corporation    
 12.14 National Instruments Corporation  
 12.15 Neware Technology Limited   
 12.16 OAI (Optical Associates Inc.)   
 12.17 PEC North America    
 12.18 Scribner Associates    
 12.19 Shenzhen Bonad Instrument Co., Ltd.  
 12.20 Thundersoft Battery Solutions   
 12.21 Toshiba Corporation   
 12.22 Zentro Elektrik GmbH   
       
List of Tables      
1 Global Battery Cyclers Market Outlook, By Region (2022-2030) ($MN)
2 Global Battery Cyclers Market Outlook, By Type (2022-2030) ($MN)
3 Global Battery Cyclers Market Outlook, By Single-Channel Battery Cyclers (2022-2030) ($MN)
4 Global Battery Cyclers Market Outlook, By Multi-Channel Battery Cyclers (2022-2030) ($MN)
5 Global Battery Cyclers Market Outlook, By Other Types (2022-2030) ($MN)
6 Global Battery Cyclers Market Outlook, By Battery Type (2022-2030) ($MN)
7 Global Battery Cyclers Market Outlook, By Lithium-Ion Batteries (2022-2030) ($MN)
8 Global Battery Cyclers Market Outlook, By Lead-Acid Batteries (2022-2030) ($MN)
9 Global Battery Cyclers Market Outlook, By Nickel-Cadmium Batteries (2022-2030) ($MN)
10 Global Battery Cyclers Market Outlook, By Nickel-Metal Hydride (NiMH) Batteries (2022-2030) ($MN)
11 Global Battery Cyclers Market Outlook, By Sodium-Ion Batteries (2022-2030) ($MN)
12 Global Battery Cyclers Market Outlook, By Advanced Batteries (2022-2030) ($MN)
13 Global Battery Cyclers Market Outlook, By Other Battery Types (2022-2030) ($MN)
14 Global Battery Cyclers Market Outlook, By Channel Type (2022-2030) ($MN)
15 Global Battery Cyclers Market Outlook, By High-Voltage Battery Cyclers (2022-2030) ($MN)
16 Global Battery Cyclers Market Outlook, By Low-Voltage Battery Cyclers (2022-2030) ($MN)
17 Global Battery Cyclers Market Outlook, By Application (2022-2030) ($MN)
18 Global Battery Cyclers Market Outlook, By Automotive (2022-2030) ($MN)
19 Global Battery Cyclers Market Outlook, By Consumer Electronics (2022-2030) ($MN)
20 Global Battery Cyclers Market Outlook, By Energy Storage Systems (ESS) (2022-2030) ($MN)
21 Global Battery Cyclers Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
22 Global Battery Cyclers Market Outlook, By Medical Devices (2022-2030) ($MN)
23 Global Battery Cyclers Market Outlook, By Research and Development (2022-2030) ($MN)
24 Global Battery Cyclers Market Outlook, By Other Applications (2022-2030) ($MN)
25 Global Battery Cyclers Market Outlook, By End User (2022-2030) ($MN)
26 Global Battery Cyclers Market Outlook, By Battery Manufacturers (2022-2030) ($MN)
27 Global Battery Cyclers Market Outlook, By Universities and Academic Institutions (2022-2030) ($MN)
28 Global Battery Cyclers Market Outlook, By Institutes & Laboratories (2022-2030) ($MN)
29 Global Battery Cyclers Market Outlook, By Other End Users (2022-2030) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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