Battery Cyclers Market by Battery (Lithium-ion, Lead Acid, Nickel-based, Solid-State), Application (End-of-Line, Research), Function (Cell, Module, Pack Testing), Industry (Automotive, Consumer Electronics, Energy) and Region - Global Forecast to 2029
The global battery cyclers market size is estimated to grow from USD 794 million in 2024 to USD 1,609 million in 2029, by a CAGR of 15.2%. Battery cyclers play a fundamental role in the field of battery technology by serving as essential equipment for testing and characterizing batteries. These sophisticated instruments are designed to simulate real-world conditions and assess battery performance, reliability, and durability across various applications. Battery cyclers work by subjecting batteries to controlled charge and discharge cycles while monitoring key parameters such as voltage, current, and temperature.
'Pack Testing by function segment is projected to grow at the highest CAGR during the forecast period.”
The pack testing function of battery cyclers involves testing battery packs in end-of-line (EOL) production to conduct a comprehensive Pass/Fail check. This testing phase includes assessing various aspects such as mechanism assembly, pressure insulation, Battery Management System (BMS) communication, internal high voltage relay parts, battery balance, and temperature distribution. By performing pack testing, manufacturers can ensure that the assembled battery packs meet quality standards, function correctly, and are safe for use in applications like electric vehicles and energy storage systems. The purpose of pack testing in battery development is to ensure that each pack subsystem, including external hardware, safety mechanisms, and BMS, performs efficiently, guaranteeing the overall functionality, safety, and performance of battery packs and modules to meet required specifications and standards for reliable operation in various applications.
“Li-ion battery type segment expected to gain the largest market share during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries' stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“Automotive & Transportation segment expected to grow with the highest CAGR during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries' stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“The market in North America is expected to grow at a significant CAGR during the forecast period.”
Battery cyclers play a crucial role in the application of automotive and transportation sectors. These cyclers are utilized for testing and evaluating batteries, especially in the context of electric vehicles (EVs) and hybrid electric vehicles (HEVs). In the automotive industry, battery cyclers are essential for assessing the performance, durability, and reliability of batteries used in electric mobility. They are instrumental in simulating real-world conditions to ensure that batteries meet the stringent requirements of the automotive sector, such as vibration resistance, temperature range, and longevity.
Breakdown of the profiles of primary participants:
Research Coverage
The battery cyclers market is divided into various applications, which are research and end-of-line. Further, the equipment is categorized by its function, which includes cell testing, module testing, and pack testing. The battery cyclers being used for batteries have been divided by battery types, which include lithium-ion, lead acid, nickel-based batteries, and other emrging technologies. Further, the market has been categorized by industry used, which includes automotive & transportation, consumer electronics, energy & utility, industrial, education & research, and other industries. Furthermore, regions such as North America, Europe, Asia Pacific, and RoW have been covered in the report.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
'Pack Testing by function segment is projected to grow at the highest CAGR during the forecast period.”
The pack testing function of battery cyclers involves testing battery packs in end-of-line (EOL) production to conduct a comprehensive Pass/Fail check. This testing phase includes assessing various aspects such as mechanism assembly, pressure insulation, Battery Management System (BMS) communication, internal high voltage relay parts, battery balance, and temperature distribution. By performing pack testing, manufacturers can ensure that the assembled battery packs meet quality standards, function correctly, and are safe for use in applications like electric vehicles and energy storage systems. The purpose of pack testing in battery development is to ensure that each pack subsystem, including external hardware, safety mechanisms, and BMS, performs efficiently, guaranteeing the overall functionality, safety, and performance of battery packs and modules to meet required specifications and standards for reliable operation in various applications.
“Li-ion battery type segment expected to gain the largest market share during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries' stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“Automotive & Transportation segment expected to grow with the highest CAGR during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries' stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“The market in North America is expected to grow at a significant CAGR during the forecast period.”
Battery cyclers play a crucial role in the application of automotive and transportation sectors. These cyclers are utilized for testing and evaluating batteries, especially in the context of electric vehicles (EVs) and hybrid electric vehicles (HEVs). In the automotive industry, battery cyclers are essential for assessing the performance, durability, and reliability of batteries used in electric mobility. They are instrumental in simulating real-world conditions to ensure that batteries meet the stringent requirements of the automotive sector, such as vibration resistance, temperature range, and longevity.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
- By Designation: C-level Executives - 48%, Directors - 33%, and Others - 19%
- By Region: North America - 30%, Europe - 25%, Asia Pacific - 33%, and RoW - 12%
Research Coverage
The battery cyclers market is divided into various applications, which are research and end-of-line. Further, the equipment is categorized by its function, which includes cell testing, module testing, and pack testing. The battery cyclers being used for batteries have been divided by battery types, which include lithium-ion, lead acid, nickel-based batteries, and other emrging technologies. Further, the market has been categorized by industry used, which includes automotive & transportation, consumer electronics, energy & utility, industrial, education & research, and other industries. Furthermore, regions such as North America, Europe, Asia Pacific, and RoW have been covered in the report.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
- Analysis of critical drivers ( Increased demand for renewable energy, Integration of EIS capabilities to drive the adoption and increasing number of gigafactories worldwide), restraints ( High initial investment and setup costs), opportunities ( emerging EV industry, and evolving battery technologies in the market) and challenges (Availability of alternative testing methods and equipment) influencing the growth of the battery cyclers market.
- Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the battery cyclers market
- Market Development: Comprehensive information about lucrative markets – the report analyses the battery cyclers market across regions such as North America, Europe, Asia Pacific, and RoW.
- Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the battery cyclers market
- Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US) and among others in the battery cyclers market
- Strategies: The report also helps stakeholders understand the pulse of the battery cyclers market and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY CYCLERS MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 BATTERY CYCLERS MARKET: RESEARCH DESIGN
2.1.1 PRIMARY AND SECONDARY RESEARCH
FIGURE 3 BATTERY CYCLERS MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Intended participants and opinion leaders in primary interviews
2.1.3.2 List of key participants in primary interviews
2.1.3.3 Key data from primary sources
2.1.3.4 Key industry insights
2.1.3.5 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 BATTERY CYCLERS MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 BATTERY CYCLERS MARKET: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON BATTERY CYCLERS MARKET
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 BATTERY CYCLERS MARKET, 2020–2029 (USD MILLION)
FIGURE 10 LITHIUM-ION BATTERIES TO LEAD BATTERY CYCLERS MARKET FROM 2024 TO 2029
FIGURE 11 END-OF-LINE SEGMENT TO DOMINATE BATTERY CYCLERS MARKET, BY APPLICATION, DURING FORECAST PERIOD
FIGURE 12 AUTOMOTIVE & TRANSPORTATION VERTICAL TO RECORD HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY CYCLERS MARKET
FIGURE 14 INCREASING NUMBER OF BATTERY GIGAFACTORIES TO DRIVE MARKET GROWTH
4.2 BATTERY CYCLERS MARKET, BY FUNCTION
FIGURE 15 PACK TESTING FUNCTION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
4.3 BATTERY CYCLERS MARKET, BY BATTERY TYPE
FIGURE 16 LITHIUM-ION BATTERIES TO HOLD LARGEST MARKET SHARE IN 2029
4.4 BATTERY CYCLERS MARKET, BY VERTICAL
FIGURE 17 AUTOMOTIVE & TRANSPORTATION VERTICAL TO CAPTURE LARGEST MARKET SHARE IN 2029
4.5 BATTERY CYCLERS MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY
FIGURE 18 AUTOMOTIVE & TRANSPORTATION SEGMENT AND US TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2029
4.6 BATTERY CYCLERS MARKET, BY COUNTRY
FIGURE 19 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 BATTERY CYCLERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising demand for renewable energy
5.2.1.2 Integration of EIS into battery cyclers
5.2.1.3 Increasing number of gigafactories worldwide
TABLE 1 UPCOMING BATTERY PRODUCTION FACTORIES, BY COMPANY AND COUNTRY
FIGURE 21 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High initial investment and setup costs
FIGURE 22 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Booming electric vehicle industry
FIGURE 23 GLOBAL EV CAR STOCK, 2018–2023 (MILLION UNITS)
5.2.3.2 Emergence of newer battery technologies
FIGURE 24 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Availability of alternative testing methods and equipment
FIGURE 25 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 26 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 27 BATTERY CYCLERS MARKET: SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
FIGURE 28 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS
FIGURE 29 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS
TABLE 2 PARTICIPANTS IN BATTERY CYCLERS ECOSYSTEM
5.6 INVESTMENT AND FUNDING SCENARIO
FIGURE 30 INVESTMENT AND FUNDING SCENARIO
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Electrochemical impedance spectroscopy
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 Data analytics
5.7.3 ADJACENT TECHNOLOGIES
5.7.3.1 Wi-Fi and Bluetooth connectivity
5.7.4 EMERGING BATTERY TECHNOLOGIES
5.7.4.1 Lithium-sulfur batteries
5.7.4.2 Lithium-silicon batteries
5.7.4.3 Zinc-manganese batteries
5.7.4.4 Sodium-sulfur batteries
5.7.4.5 Solid-state batteries
5.7.4.6 Metal-air batteries
5.8 PATENT ANALYSIS
FIGURE 31 BATTERY CYCLERS MARKET, PATENT ANALYSIS
TABLE 3 BATTERY CYCLERS MARKET: LIST OF PATENTS, 2022–2023
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 850650)
FIGURE 32 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT SCENARIO (HS CODE 850650)
FIGURE 33 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 4 BATTERY CYCLERS MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
5.11 CASE STUDY ANALYSIS
5.11.1 CHROMA ADDRESSED BMW’S EV BATTERY TESTING CHALLENGES USING ITS REGENERATIVE BATTERY PACK TEST SYSTEM
5.11.2 UNICO TESTED POWERTRAIN AND ENERGY STORAGE SYSTEMS DESIGNED FOR MOTORSPORT APPLICATIONS USING BATTERY CYCLERS
5.11.3 AMBRI ADOPTED ARBIN’S BATTERY CYCLERS TO TEST ITS LIQUID METAL BATTERIES DESIGNED FOR ELECTRIC GRID AND DATA CENTER APPLICATIONS
5.12 REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
TABLE 9 STATUTORY REGULATIONS AND STANDARDS RELATED TO BATTERY CYCLERS
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 10 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 BARGAINING POWER OF SUPPLIERS
5.13.2 BARGAINING POWER OF BUYERS
5.13.3 THREAT OF NEW ENTRANTS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
5.14.2 BUYING CRITERIA
FIGURE 36 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 12 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.15 PRICING ANALYSIS
5.15.1 INDICATIVE PRICING TREND, BY FUNCTION
TABLE 13 INDICATIVE PRICING TREND, BY FUNCTION
FIGURE 37 INDICATIVE PRICING TREND OF BATTERY CYCLERS, 2020–2023 (USD)
TABLE 14 INDICATIVE PRICING TREND OF KEY PLAYERS,BY FUNCTION
FIGURE 38 INDICATIVE PRICING TREND OF BATTERY CYCLERS PROVIDED BY KEY PLAYERS FOR PACK TESTING (USD)
5.15.2 INDICATIVE PRICING TREND, BY REGION
TABLE 15 INDICATIVE PRICING TREND OF PACK BATTERY CYCLERS, BY REGION
FIGURE 39 AVERAGE SELLING PRICE TREND OF BATTERY CYCLERS, BY REGION, 2020–2023, (USD)
6 COMPONENTS OF BATTERY CYCLERS
6.1 INTRODUCTION
FIGURE 40 COMPONENTS OF BATTERY CYCLERS
6.2 HARDWARE
6.3 SOFTWARE
7 BATTERY CYCLERS MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 41 BATTERY CYCLERS MARKET, BY FUNCTION
FIGURE 42 PACK TESTING TO ACCOUNT FOR LARGEST SHARE OF BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 16 BATTERY CYCLERS MARKET, BY FUNCTION, 2020–2023 (USD MILLION)
TABLE 17 BATTERY CYCLERS MARKET, BY FUNCTION, 2024–2029 (USD MILLION)
TABLE 18 BATTERY CYCLERS MARKET, 2020–2023 (THOUSAND UNITS)
TABLE 19 BATTERY CYCLERS MARKET, 2024–2029 (THOUSAND UNITS)
7.2 CELL TESTING
7.2.1 GROWING DEMAND FROM RESEARCH AND LABORATORIES TO STIMULATE SEGMENTAL GROWTH
7.3 MODULE TESTING
7.3.1 NEED TO ASSESS INTERACTION OF BATTERY CELLS WITHIN MODULE STRUCTURE FOR SAFETY TO DRIVE MARKET
7.4 PACK TESTING
7.4.1 STRINGENT QUALITY AND SAFETY STANDARDS TO BOOST DEMAND FOR BATTERY CYCLERS IN PACK TESTING
8 BATTERY CYCLERS MARKET, BY BATTERY TYPE
8.1 INTRODUCTION
FIGURE 43 BATTERY CYCLERS MARKET, BY BATTERY TYPE
FIGURE 44 LITHIUM-ION SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
TABLE 20 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 21 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
8.2 LITHIUM-ION
8.2.1 PRECISE VOLTAGE CONTROL AND ADVANCED CURRENT PROFILING FEATURES OF BATTERY CYCLERS TO INCREASE DEMAND FOR TESTING LI-ION BATTERIES
TABLE 22 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 23 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 24 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 25 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.3 LEAD-ACID
8.3.1 SIGNIFICANT DEPLOYMENT OF LEAD-ACID BATTERIES IN MODERN AUTOMOBILES TO PROPEL BATTERY CYCLER DEMAND FOR QUALITY INSPECTION
TABLE 26 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 27 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 28 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 29 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.4 NICKEL-BASED
8.4.1 STRONG FOCUS ON ENHANCING SAFETY AND PERFORMANCE OF NICKEL-BASED BATTERIES TO BOOST DEMAND FOR BATTERY CYCLERS
TABLE 30 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 31 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 32 NICKEL-BASED: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 33 NICKEL-BASED BATTERIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.5 OTHER BATTERY TYPES
TABLE 34 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 35 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 36 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 37 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
9 BATTERY CYCLERS MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 45 BATTERY CYCLERS, BY APPLICATION
FIGURE 46 END-OF-LINE SEGMENT TO LEAD BATTERY CYCLERS MARKET THROUGHOUT FORECAST PERIOD
TABLE 38 BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 39 BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
9.2 RESEARCH
9.2.1 USE OF BATTERY CYCLERS TO EVALUATE NEW BATTERY TECHNOLOGIES TO BOOST SEGMENTAL GROWTH
9.3 END-OF-LINE
9.3.1 ADOPTION OF BATTERY CYCLERS TO ENSURE FINAL QUALITY CHECK DURING PRODUCTION PROCESSES TO FUEL SEGMENTAL GROWTH
10 BATTERY CYCLERS MARKET, BY VERTICAL
10.1 INTRODUCTION
FIGURE 47 BATTERY CYCLERS MARKET, BY VERTICAL
FIGURE 48 AUTOMOTIVE & TRANSPORTATION SEGMENT TO EXHIBIT HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 40 BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 41 BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
10.2 AUTOMOTIVE & TRANSPORTATION
10.2.1 RISING DEMAND FOR ELECTRIC AND HYBRID ELECTRIC VEHICLES TO DRIVE MARKET
TABLE 42 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 43 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 44 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 45 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 CONSUMER ELECTRONICS
10.3.1 SURGING NEED FOR RELIABLE AND DURABLE BATTERIES FOR LAPTOPS AND SMARTPHONES TO FUEL MARKET GROWTH
TABLE 46 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 47 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.4 ENERGY & UTILITIES
10.4.1 NEED TO EVALUATE BATTERY LIFESPAN FOR LARGE-SCALE GRID APPLICATIONS TO ACCELERATE DEMAND FOR BATTERY CYCLERS
TABLE 50 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 51 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 52 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 53 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.5 INDUSTRIAL
10.5.1 GROWING DEMAND FOR BATTERIES MEETING REQUIRED INDUSTRIAL SPECIFICATIONS AND STANDARDS TO DRIVE MARKET
TABLE 54 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 55 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 56 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 57 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.6 EDUCATION & RESEARCH
10.6.1 ABILITY OF BATTERY CYCLERS TO ANALYZE BATTERY CHEMISTRIES AND CHARACTERISTICS TO BOOST DEMAND
TABLE 58 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 59 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 60 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 61 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.7 OTHER VERTICALS
TABLE 62 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 63 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 64 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 65 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
11 BATTERY CYCLERS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 49 BATTERY CYCLERS MARKET, BY REGION
FIGURE 50 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 66 BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 67 BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 51 NORTH AMERICA: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 52 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 68 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 69 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 70 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 71 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 72 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 73 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 74 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 75 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.2.2 US
11.2.2.1 Increasing demand for Li-ion batteries with growing EV adoption to drive market
11.2.3 CANADA
11.2.3.1 Easy access to raw materials required to manufacture batteries to fuel market growth
11.2.4 MEXICO
11.2.4.1 Increasing investment in Li-ion battery manufacturing to drive market
11.3 EUROPE
11.3.1 EUROPE: RECESSION IMPACT
FIGURE 53 EUROPE: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 54 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 76 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 77 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 78 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 79 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 80 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 81 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 82 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 83 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Prominent presence of key automakers to boost demand
11.3.3 UK
11.3.3.1 Rising investment in developing advanced battery solutions to create opportunities
11.3.4 FRANCE
11.3.4.1 Strategic focus on developing lithium industry to meet rising demand for EV batteries to foster market growth
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 55 ASIA PACIFIC: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 56 CHINA TO DOMINATE BATTERY CYCLERS MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
TABLE 84 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 85 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 86 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 87 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 88 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 89 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 90 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 91 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Increasing number of battery gigafactories to accelerate market growth
11.4.3 JAPAN
11.4.3.1 Rising investment in EV manufacturing to fuel market growth
11.4.4 SOUTH KOREA
11.4.4.1 Government-led subsidies for EV battery manufacturers and users to stimulate market growth
11.4.5 INDIA
11.4.5.1 Government initiatives to expand battery manufacturing capacity to drive market
11.4.6 REST OF ASIA PACIFIC
11.5 ROW
11.5.1 ROW: RECESSION IMPACT
FIGURE 57 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN BATTERY CYCLERS MARKET IN ROW DURING FORECAST PERIOD
TABLE 92 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2020–2023 (USD MILLION)
TABLE 93 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2024–2029 (USD MILLION)
TABLE 94 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 95 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 96 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 97 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 98 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 99 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.5.2 GCC COUNTRIES
11.5.2.1 Increased demand for EVs to boost market growth
11.5.3 AFRICA
11.5.3.1 Abundance of lithium reserves to stimulate market growth
11.5.4 SOUTH AMERICA
11.5.4.1 Growing focus on Li-ion battery production to bolster demand
11.5.5 REST OF MIDDLE EAST
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
TABLE 100 BATTERY CYCLERS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023
12.3 REVENUE ANALYSIS, 2018–2022
FIGURE 58 BATTERY CYCLERS MARKET, REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022
12.4 MARKET SHARE ANALYSIS, 2023
FIGURE 59 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023
TABLE 101 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 60 COMPANY VALUATION (USD BILLION), 2023
FIGURE 61 FINANCIAL METRICS (EV/EBITDA), 2023
12.6 BRAND/PRODUCT COMPARISON
FIGURE 62 BATTERY CYCLERS MARKET: BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 63 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7.5.1 Company footprint
FIGURE 64 BATTERY CYCLERS MARKET: COMPANY FOOTPRINT
12.7.5.2 Function footprint
TABLE 102 BATTERY CYCLERS MARKET: FUNCTION FOOTPRINT
12.7.5.3 Application footprint
TABLE 103 BATTERY CYCLERS MARKET: APPLICATION FOOTPRINT
12.7.5.4 Battery type footprint
TABLE 104 BATTERY CYCLERS MARKET: BATTERY TYPE FOOTPRINT
12.7.5.5 Vertical footprint
TABLE 105 BATTERY CYCLERS MARKET: VERTICAL FOOTPRINT
12.7.5.6 Region footprint
TABLE 106 BATTERY CYCLERS MARKET: REGION FOOTPRINT
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
FIGURE 65 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key startups/SMEs
TABLE 107 BATTERY CYCLERS MARKET: LIST OF KEY STARTUPS/SMES
12.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 108 BATTERY CYCLERS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 109 BATTERY CYCLERS MARKET: PRODUCT LAUNCHES, JANUARY 2020?DECEMBER 2023
12.9.2 DEALS
TABLE 110 BATTERY CYCLERS MARKET: DEALS, JANUARY 2020?DECEMBER 2023
12.9.3 OTHERS
TABLE 111 BATTERY CYCLERS MARKET: OTHERS, JANUARY 2020?DECEMBER 2023
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 AMETEK, INC.
TABLE 112 AMETEK, INC.: COMPANY OVERVIEW
FIGURE 66 AMETEK, INC.: COMPANY SNAPSHOT
TABLE 113 AMETEK, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 114 AMETEK, INC.: PRODUCT LAUNCHES, 2020–2023
13.1.2 BIOLOGIC
TABLE 115 BIOLOGIC: COMPANY OVERVIEW
TABLE 116 BIOLOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.3 CHROMA ATE INC.
TABLE 117 CHROMA ATE INC.: COMPANY OVERVIEW
FIGURE 67 CHROMA ATE INC.: COMPANY SNAPSHOT
TABLE 118 CHROMA ATE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.4 ARBIN INSTRUMENTS
TABLE 119 ARBIN INSTRUMENTS: COMPANY OVERVIEW
TABLE 120 ARBIN INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 ARBIN INSTRUMENTS: DEALS, 2020–2023
13.1.5 DIGATRON
TABLE 122 DIGATRON: COMPANY OVERVIEW
TABLE 123 DIGATRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 DIGATRON: DEALS, 2020–2023
13.1.6 AVL
TABLE 125 AVL: COMPANY OVERVIEW
TABLE 126 AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 AVL: OTHERS, 2020–2023
13.1.7 BITRODE CORP.
TABLE 128 BITRODE CORP.: COMPANY OVERVIEW
TABLE 129 BITRODE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 130 BITRODE CORP.: PRODUCT LAUNCHES, 2020–2023
TABLE 131 BITRODE CORP.: DEALS, 2020–2023
13.1.8 GREENLIGHT INNOVATION CORP.
TABLE 132 GREENLIGHT INNOVATION CORP.: COMPANY OVERVIEW
TABLE 133 GREENLIGHT INNOVATION CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 GREENLIGHT INNOVATION CORP.: OTHERS, 2020–2023
13.1.9 NATIONAL INSTRUMENTS CORP.
TABLE 135 NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW
TABLE 136 NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 137 NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES, 2020–2023
TABLE 138 NATIONAL INSTRUMENTS CORP.: DEALS, 2020–2023
13.1.10 MACCOR, INC.
TABLE 139 MACCOR, INC.: COMPANY OVERVIEW
TABLE 140 MACCOR, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.11 NEWARE
TABLE 141 NEWARE: COMPANY OVERVIEW
TABLE 142 NEWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 UNICO, LLC.
TABLE 143 UNICO, LLC.: COMPANY OVERVIEW
TABLE 144 UNICO, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2 OTHER PLAYERS
13.2.1 ADMIRAL INSTRUMENTS
13.2.2 BATTERY ASSOCIATES
13.2.3 GUANGDONG HYNN TECHNOLOGY CO., LTD.
13.2.4 IVIUM TECHNOLOGIES B.V.
13.2.5 MAK
13.2.6 MATSUSADA PRECISION INC.
13.2.7 NEBULA
13.2.8 PEC
13.2.9 REXGEAR
13.2.10 XIAMEN AOT ELECTRONICS TECHNOLOGY CO., LTD.
13.2.11 XIAMEN ACEY NEW ENERGY TECHNOLOGY CO., LTD.
13.2.12 XIAMEN LITH MACHINE LIMITED
13.2.13 XIAMEN WINACK BATTERY TECHNOLOGY CO., LTD.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELEVANT MARKETS
14.1 INTRODUCTION
14.2 NORTH AMERICA
TABLE 145 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 146 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
TABLE 147 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 148 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
14.2.1 US
14.2.1.1 Adoption of nanotechnology-based medical devices and electric vehicles to contribute to market growth
14.2.2 CANADA
14.2.2.1 Government-led initiatives to increase use of low-emission vehicles to drive market
14.2.3 MEXICO
14.2.3.1 Rising focus on increasing battery and EV production to drive market
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY CYCLERS MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 BATTERY CYCLERS MARKET: RESEARCH DESIGN
2.1.1 PRIMARY AND SECONDARY RESEARCH
FIGURE 3 BATTERY CYCLERS MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Intended participants and opinion leaders in primary interviews
2.1.3.2 List of key participants in primary interviews
2.1.3.3 Key data from primary sources
2.1.3.4 Key industry insights
2.1.3.5 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 BATTERY CYCLERS MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 BATTERY CYCLERS MARKET: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON BATTERY CYCLERS MARKET
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 BATTERY CYCLERS MARKET, 2020–2029 (USD MILLION)
FIGURE 10 LITHIUM-ION BATTERIES TO LEAD BATTERY CYCLERS MARKET FROM 2024 TO 2029
FIGURE 11 END-OF-LINE SEGMENT TO DOMINATE BATTERY CYCLERS MARKET, BY APPLICATION, DURING FORECAST PERIOD
FIGURE 12 AUTOMOTIVE & TRANSPORTATION VERTICAL TO RECORD HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY CYCLERS MARKET
FIGURE 14 INCREASING NUMBER OF BATTERY GIGAFACTORIES TO DRIVE MARKET GROWTH
4.2 BATTERY CYCLERS MARKET, BY FUNCTION
FIGURE 15 PACK TESTING FUNCTION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
4.3 BATTERY CYCLERS MARKET, BY BATTERY TYPE
FIGURE 16 LITHIUM-ION BATTERIES TO HOLD LARGEST MARKET SHARE IN 2029
4.4 BATTERY CYCLERS MARKET, BY VERTICAL
FIGURE 17 AUTOMOTIVE & TRANSPORTATION VERTICAL TO CAPTURE LARGEST MARKET SHARE IN 2029
4.5 BATTERY CYCLERS MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY
FIGURE 18 AUTOMOTIVE & TRANSPORTATION SEGMENT AND US TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2029
4.6 BATTERY CYCLERS MARKET, BY COUNTRY
FIGURE 19 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 BATTERY CYCLERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising demand for renewable energy
5.2.1.2 Integration of EIS into battery cyclers
5.2.1.3 Increasing number of gigafactories worldwide
TABLE 1 UPCOMING BATTERY PRODUCTION FACTORIES, BY COMPANY AND COUNTRY
FIGURE 21 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High initial investment and setup costs
FIGURE 22 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Booming electric vehicle industry
FIGURE 23 GLOBAL EV CAR STOCK, 2018–2023 (MILLION UNITS)
5.2.3.2 Emergence of newer battery technologies
FIGURE 24 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Availability of alternative testing methods and equipment
FIGURE 25 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 26 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 27 BATTERY CYCLERS MARKET: SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
FIGURE 28 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS
FIGURE 29 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS
TABLE 2 PARTICIPANTS IN BATTERY CYCLERS ECOSYSTEM
5.6 INVESTMENT AND FUNDING SCENARIO
FIGURE 30 INVESTMENT AND FUNDING SCENARIO
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Electrochemical impedance spectroscopy
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 Data analytics
5.7.3 ADJACENT TECHNOLOGIES
5.7.3.1 Wi-Fi and Bluetooth connectivity
5.7.4 EMERGING BATTERY TECHNOLOGIES
5.7.4.1 Lithium-sulfur batteries
5.7.4.2 Lithium-silicon batteries
5.7.4.3 Zinc-manganese batteries
5.7.4.4 Sodium-sulfur batteries
5.7.4.5 Solid-state batteries
5.7.4.6 Metal-air batteries
5.8 PATENT ANALYSIS
FIGURE 31 BATTERY CYCLERS MARKET, PATENT ANALYSIS
TABLE 3 BATTERY CYCLERS MARKET: LIST OF PATENTS, 2022–2023
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 850650)
FIGURE 32 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.9.2 EXPORT SCENARIO (HS CODE 850650)
FIGURE 33 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 4 BATTERY CYCLERS MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
5.11 CASE STUDY ANALYSIS
5.11.1 CHROMA ADDRESSED BMW’S EV BATTERY TESTING CHALLENGES USING ITS REGENERATIVE BATTERY PACK TEST SYSTEM
5.11.2 UNICO TESTED POWERTRAIN AND ENERGY STORAGE SYSTEMS DESIGNED FOR MOTORSPORT APPLICATIONS USING BATTERY CYCLERS
5.11.3 AMBRI ADOPTED ARBIN’S BATTERY CYCLERS TO TEST ITS LIQUID METAL BATTERIES DESIGNED FOR ELECTRIC GRID AND DATA CENTER APPLICATIONS
5.12 REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
TABLE 9 STATUTORY REGULATIONS AND STANDARDS RELATED TO BATTERY CYCLERS
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 10 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 BARGAINING POWER OF SUPPLIERS
5.13.2 BARGAINING POWER OF BUYERS
5.13.3 THREAT OF NEW ENTRANTS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
5.14.2 BUYING CRITERIA
FIGURE 36 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 12 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.15 PRICING ANALYSIS
5.15.1 INDICATIVE PRICING TREND, BY FUNCTION
TABLE 13 INDICATIVE PRICING TREND, BY FUNCTION
FIGURE 37 INDICATIVE PRICING TREND OF BATTERY CYCLERS, 2020–2023 (USD)
TABLE 14 INDICATIVE PRICING TREND OF KEY PLAYERS,BY FUNCTION
FIGURE 38 INDICATIVE PRICING TREND OF BATTERY CYCLERS PROVIDED BY KEY PLAYERS FOR PACK TESTING (USD)
5.15.2 INDICATIVE PRICING TREND, BY REGION
TABLE 15 INDICATIVE PRICING TREND OF PACK BATTERY CYCLERS, BY REGION
FIGURE 39 AVERAGE SELLING PRICE TREND OF BATTERY CYCLERS, BY REGION, 2020–2023, (USD)
6 COMPONENTS OF BATTERY CYCLERS
6.1 INTRODUCTION
FIGURE 40 COMPONENTS OF BATTERY CYCLERS
6.2 HARDWARE
6.3 SOFTWARE
7 BATTERY CYCLERS MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 41 BATTERY CYCLERS MARKET, BY FUNCTION
FIGURE 42 PACK TESTING TO ACCOUNT FOR LARGEST SHARE OF BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 16 BATTERY CYCLERS MARKET, BY FUNCTION, 2020–2023 (USD MILLION)
TABLE 17 BATTERY CYCLERS MARKET, BY FUNCTION, 2024–2029 (USD MILLION)
TABLE 18 BATTERY CYCLERS MARKET, 2020–2023 (THOUSAND UNITS)
TABLE 19 BATTERY CYCLERS MARKET, 2024–2029 (THOUSAND UNITS)
7.2 CELL TESTING
7.2.1 GROWING DEMAND FROM RESEARCH AND LABORATORIES TO STIMULATE SEGMENTAL GROWTH
7.3 MODULE TESTING
7.3.1 NEED TO ASSESS INTERACTION OF BATTERY CELLS WITHIN MODULE STRUCTURE FOR SAFETY TO DRIVE MARKET
7.4 PACK TESTING
7.4.1 STRINGENT QUALITY AND SAFETY STANDARDS TO BOOST DEMAND FOR BATTERY CYCLERS IN PACK TESTING
8 BATTERY CYCLERS MARKET, BY BATTERY TYPE
8.1 INTRODUCTION
FIGURE 43 BATTERY CYCLERS MARKET, BY BATTERY TYPE
FIGURE 44 LITHIUM-ION SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
TABLE 20 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 21 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
8.2 LITHIUM-ION
8.2.1 PRECISE VOLTAGE CONTROL AND ADVANCED CURRENT PROFILING FEATURES OF BATTERY CYCLERS TO INCREASE DEMAND FOR TESTING LI-ION BATTERIES
TABLE 22 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 23 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 24 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 25 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.3 LEAD-ACID
8.3.1 SIGNIFICANT DEPLOYMENT OF LEAD-ACID BATTERIES IN MODERN AUTOMOBILES TO PROPEL BATTERY CYCLER DEMAND FOR QUALITY INSPECTION
TABLE 26 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 27 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 28 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 29 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.4 NICKEL-BASED
8.4.1 STRONG FOCUS ON ENHANCING SAFETY AND PERFORMANCE OF NICKEL-BASED BATTERIES TO BOOST DEMAND FOR BATTERY CYCLERS
TABLE 30 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 31 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 32 NICKEL-BASED: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 33 NICKEL-BASED BATTERIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
8.5 OTHER BATTERY TYPES
TABLE 34 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 35 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 36 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 37 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
9 BATTERY CYCLERS MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 45 BATTERY CYCLERS, BY APPLICATION
FIGURE 46 END-OF-LINE SEGMENT TO LEAD BATTERY CYCLERS MARKET THROUGHOUT FORECAST PERIOD
TABLE 38 BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 39 BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
9.2 RESEARCH
9.2.1 USE OF BATTERY CYCLERS TO EVALUATE NEW BATTERY TECHNOLOGIES TO BOOST SEGMENTAL GROWTH
9.3 END-OF-LINE
9.3.1 ADOPTION OF BATTERY CYCLERS TO ENSURE FINAL QUALITY CHECK DURING PRODUCTION PROCESSES TO FUEL SEGMENTAL GROWTH
10 BATTERY CYCLERS MARKET, BY VERTICAL
10.1 INTRODUCTION
FIGURE 47 BATTERY CYCLERS MARKET, BY VERTICAL
FIGURE 48 AUTOMOTIVE & TRANSPORTATION SEGMENT TO EXHIBIT HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 40 BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 41 BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
10.2 AUTOMOTIVE & TRANSPORTATION
10.2.1 RISING DEMAND FOR ELECTRIC AND HYBRID ELECTRIC VEHICLES TO DRIVE MARKET
TABLE 42 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 43 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 44 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 45 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 CONSUMER ELECTRONICS
10.3.1 SURGING NEED FOR RELIABLE AND DURABLE BATTERIES FOR LAPTOPS AND SMARTPHONES TO FUEL MARKET GROWTH
TABLE 46 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 47 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.4 ENERGY & UTILITIES
10.4.1 NEED TO EVALUATE BATTERY LIFESPAN FOR LARGE-SCALE GRID APPLICATIONS TO ACCELERATE DEMAND FOR BATTERY CYCLERS
TABLE 50 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 51 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 52 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 53 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.5 INDUSTRIAL
10.5.1 GROWING DEMAND FOR BATTERIES MEETING REQUIRED INDUSTRIAL SPECIFICATIONS AND STANDARDS TO DRIVE MARKET
TABLE 54 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 55 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 56 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 57 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.6 EDUCATION & RESEARCH
10.6.1 ABILITY OF BATTERY CYCLERS TO ANALYZE BATTERY CHEMISTRIES AND CHARACTERISTICS TO BOOST DEMAND
TABLE 58 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 59 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 60 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 61 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
10.7 OTHER VERTICALS
TABLE 62 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 63 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 64 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 65 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
11 BATTERY CYCLERS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 49 BATTERY CYCLERS MARKET, BY REGION
FIGURE 50 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 66 BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 67 BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 51 NORTH AMERICA: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 52 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 68 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 69 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 70 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 71 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 72 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 73 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 74 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 75 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.2.2 US
11.2.2.1 Increasing demand for Li-ion batteries with growing EV adoption to drive market
11.2.3 CANADA
11.2.3.1 Easy access to raw materials required to manufacture batteries to fuel market growth
11.2.4 MEXICO
11.2.4.1 Increasing investment in Li-ion battery manufacturing to drive market
11.3 EUROPE
11.3.1 EUROPE: RECESSION IMPACT
FIGURE 53 EUROPE: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 54 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD
TABLE 76 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 77 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 78 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 79 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 80 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 81 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 82 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 83 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Prominent presence of key automakers to boost demand
11.3.3 UK
11.3.3.1 Rising investment in developing advanced battery solutions to create opportunities
11.3.4 FRANCE
11.3.4.1 Strategic focus on developing lithium industry to meet rising demand for EV batteries to foster market growth
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 55 ASIA PACIFIC: SNAPSHOT OF BATTERY CYCLERS MARKET
FIGURE 56 CHINA TO DOMINATE BATTERY CYCLERS MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
TABLE 84 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 85 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 86 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 87 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 88 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 89 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 90 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 91 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Increasing number of battery gigafactories to accelerate market growth
11.4.3 JAPAN
11.4.3.1 Rising investment in EV manufacturing to fuel market growth
11.4.4 SOUTH KOREA
11.4.4.1 Government-led subsidies for EV battery manufacturers and users to stimulate market growth
11.4.5 INDIA
11.4.5.1 Government initiatives to expand battery manufacturing capacity to drive market
11.4.6 REST OF ASIA PACIFIC
11.5 ROW
11.5.1 ROW: RECESSION IMPACT
FIGURE 57 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN BATTERY CYCLERS MARKET IN ROW DURING FORECAST PERIOD
TABLE 92 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2020–2023 (USD MILLION)
TABLE 93 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2024–2029 (USD MILLION)
TABLE 94 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 95 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 96 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION)
TABLE 97 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION)
TABLE 98 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 99 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
11.5.2 GCC COUNTRIES
11.5.2.1 Increased demand for EVs to boost market growth
11.5.3 AFRICA
11.5.3.1 Abundance of lithium reserves to stimulate market growth
11.5.4 SOUTH AMERICA
11.5.4.1 Growing focus on Li-ion battery production to bolster demand
11.5.5 REST OF MIDDLE EAST
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
TABLE 100 BATTERY CYCLERS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023
12.3 REVENUE ANALYSIS, 2018–2022
FIGURE 58 BATTERY CYCLERS MARKET, REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022
12.4 MARKET SHARE ANALYSIS, 2023
FIGURE 59 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023
TABLE 101 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 60 COMPANY VALUATION (USD BILLION), 2023
FIGURE 61 FINANCIAL METRICS (EV/EBITDA), 2023
12.6 BRAND/PRODUCT COMPARISON
FIGURE 62 BATTERY CYCLERS MARKET: BRAND/PRODUCT COMPARISON
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 63 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.7.5.1 Company footprint
FIGURE 64 BATTERY CYCLERS MARKET: COMPANY FOOTPRINT
12.7.5.2 Function footprint
TABLE 102 BATTERY CYCLERS MARKET: FUNCTION FOOTPRINT
12.7.5.3 Application footprint
TABLE 103 BATTERY CYCLERS MARKET: APPLICATION FOOTPRINT
12.7.5.4 Battery type footprint
TABLE 104 BATTERY CYCLERS MARKET: BATTERY TYPE FOOTPRINT
12.7.5.5 Vertical footprint
TABLE 105 BATTERY CYCLERS MARKET: VERTICAL FOOTPRINT
12.7.5.6 Region footprint
TABLE 106 BATTERY CYCLERS MARKET: REGION FOOTPRINT
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.8.1 PROGRESSIVE COMPANIES
12.8.2 RESPONSIVE COMPANIES
12.8.3 DYNAMIC COMPANIES
12.8.4 STARTING BLOCKS
FIGURE 65 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
12.8.5.1 Detailed list of key startups/SMEs
TABLE 107 BATTERY CYCLERS MARKET: LIST OF KEY STARTUPS/SMES
12.8.5.2 Competitive benchmarking of key startups/SMEs
TABLE 108 BATTERY CYCLERS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 109 BATTERY CYCLERS MARKET: PRODUCT LAUNCHES, JANUARY 2020?DECEMBER 2023
12.9.2 DEALS
TABLE 110 BATTERY CYCLERS MARKET: DEALS, JANUARY 2020?DECEMBER 2023
12.9.3 OTHERS
TABLE 111 BATTERY CYCLERS MARKET: OTHERS, JANUARY 2020?DECEMBER 2023
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 AMETEK, INC.
TABLE 112 AMETEK, INC.: COMPANY OVERVIEW
FIGURE 66 AMETEK, INC.: COMPANY SNAPSHOT
TABLE 113 AMETEK, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 114 AMETEK, INC.: PRODUCT LAUNCHES, 2020–2023
13.1.2 BIOLOGIC
TABLE 115 BIOLOGIC: COMPANY OVERVIEW
TABLE 116 BIOLOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.3 CHROMA ATE INC.
TABLE 117 CHROMA ATE INC.: COMPANY OVERVIEW
FIGURE 67 CHROMA ATE INC.: COMPANY SNAPSHOT
TABLE 118 CHROMA ATE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.4 ARBIN INSTRUMENTS
TABLE 119 ARBIN INSTRUMENTS: COMPANY OVERVIEW
TABLE 120 ARBIN INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 ARBIN INSTRUMENTS: DEALS, 2020–2023
13.1.5 DIGATRON
TABLE 122 DIGATRON: COMPANY OVERVIEW
TABLE 123 DIGATRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 DIGATRON: DEALS, 2020–2023
13.1.6 AVL
TABLE 125 AVL: COMPANY OVERVIEW
TABLE 126 AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 AVL: OTHERS, 2020–2023
13.1.7 BITRODE CORP.
TABLE 128 BITRODE CORP.: COMPANY OVERVIEW
TABLE 129 BITRODE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 130 BITRODE CORP.: PRODUCT LAUNCHES, 2020–2023
TABLE 131 BITRODE CORP.: DEALS, 2020–2023
13.1.8 GREENLIGHT INNOVATION CORP.
TABLE 132 GREENLIGHT INNOVATION CORP.: COMPANY OVERVIEW
TABLE 133 GREENLIGHT INNOVATION CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 GREENLIGHT INNOVATION CORP.: OTHERS, 2020–2023
13.1.9 NATIONAL INSTRUMENTS CORP.
TABLE 135 NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW
TABLE 136 NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 137 NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES, 2020–2023
TABLE 138 NATIONAL INSTRUMENTS CORP.: DEALS, 2020–2023
13.1.10 MACCOR, INC.
TABLE 139 MACCOR, INC.: COMPANY OVERVIEW
TABLE 140 MACCOR, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.11 NEWARE
TABLE 141 NEWARE: COMPANY OVERVIEW
TABLE 142 NEWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 UNICO, LLC.
TABLE 143 UNICO, LLC.: COMPANY OVERVIEW
TABLE 144 UNICO, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2 OTHER PLAYERS
13.2.1 ADMIRAL INSTRUMENTS
13.2.2 BATTERY ASSOCIATES
13.2.3 GUANGDONG HYNN TECHNOLOGY CO., LTD.
13.2.4 IVIUM TECHNOLOGIES B.V.
13.2.5 MAK
13.2.6 MATSUSADA PRECISION INC.
13.2.7 NEBULA
13.2.8 PEC
13.2.9 REXGEAR
13.2.10 XIAMEN AOT ELECTRONICS TECHNOLOGY CO., LTD.
13.2.11 XIAMEN ACEY NEW ENERGY TECHNOLOGY CO., LTD.
13.2.12 XIAMEN LITH MACHINE LIMITED
13.2.13 XIAMEN WINACK BATTERY TECHNOLOGY CO., LTD.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELEVANT MARKETS
14.1 INTRODUCTION
14.2 NORTH AMERICA
TABLE 145 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 146 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
TABLE 147 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 148 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
14.2.1 US
14.2.1.1 Adoption of nanotechnology-based medical devices and electric vehicles to contribute to market growth
14.2.2 CANADA
14.2.2.1 Government-led initiatives to increase use of low-emission vehicles to drive market
14.2.3 MEXICO
14.2.3.1 Rising focus on increasing battery and EV production to drive market
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
