Battery Cyclers Market Size, Share, and Analysis, By Battery (Lithium-Ion, Lead Acid, Nickle-Based, and Solid-State), By Function (Cell Testing, Module Testing, and Pack Testing), By Application (End-of-Line and Research), By Vertical (Aerospace, Energy & Power, Automotive, Consumer Electronics, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

November 2024 | 613 pages | ID: BD45ED0E62D9EN
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Battery Cyclers Market Size, Share, and Analysis, By Battery (Lithium-Ion, Lead Acid, Nickle-Based, and Solid-State), By Function (Cell Testing, Module Testing, and Pack Testing), By Application (End-of-Line and Research), By Vertical (Aerospace, Energy & Power, Automotive, Consumer Electronics, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Battery Cyclers Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 0.5 billion and is projected to reach USD 2 billion by the completion of 2034.

Battery cyclers, also known as battery testing devices, are advanced machines that are used to evaluate the capabilities and characteristics of batteries. They work by subjecting batteries to various charge and discharge cycles in controlled environments and allow researchers, engineers, or manufacturers to investigate the performance parameters of batteries such as capacity, voltage, efficiency, and degradation. These systems are important in the research & development of batteries for various applications, including electric vehicles, renewable energy storage, and portable electronic devices. In addition, battery cyclers handle charging and discharging settings, thus allowing for the replication of real-world usage scenarios and the evaluation of battery longevity & safety.

MARKET HIGHLIGHTS

Battery cyclers market is projected to reach USD 2 billion over the forecast period, owing to the high demand for energy storage solutions across multiple industries. The increasing adoption of electric vehicles, combined with the rise of renewable energy installations and the growing investments in battery R&D are major factors propelling the growth of the industry. Battery cyclers are important for evaluating the performance of batteries and improving energy storage systems. In addition, severe regulations that support energy sustainability also play an essential role in the growth of the battery cyclers market. Furthermore, automation, data analytics, and artificial intelligence are being integrated to enhance the applications and capabilities of battery testing systems. Besides, with the public and private sectors putting a strong emphasis on decarbonization, the market for battery cyclers is expected to grow steadily and present innovative solutions that can address the needs and legal requirements of consumers.

Battery Cyclers Market Segments:
  • By Battery
    • Lithium-Ion
    • Lead Acid
    • Nickle-Based
    • Solid-State
  • By Function
    • Cell Testing
    • Module Testing
    • Pack Testing
  • By Application
    • End-of-Line
    • Research
  • By Vertical
    • Aerospace
    • Energy & Power
    • Automotive
    • Consumer Electronics
    • Others
MARKET DYNAMICS

Growth Drivers

Improvements in technology are Driving Growth in the Battery Cyclers Market

Increasing Adoption of Electric Vehicles Act as a Catalyst for Market Growth

Restraint

High Initial Investment in the Battery Cyclers Market Will Impact the Growth

Key Players

Arbin Instruments

Maccor Inc.

BioLogic Science Instruments

Neware Technology Limited

CHROMA ATE INC.

Gamry Instruments

Scribner Associates Inc.

Ametek Scientific Instruments

HIOKI E.E. Corporation

Basytec GmbH

BatteryDAQ

Adaptive Power Systems

Bitrode Corporation

Volta Power Systems

Battery Tech Solutions LLC

Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Battery Cyclers Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Battery Cyclers Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.BATTERY CYCLERS MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porter's Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.BATTERY CYCLERS MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Battery
    11.3.1.1. Lithium-Ion
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Lead Acid
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Nickle-Based
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Solid-State
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Function
    11.3.2.1.Cell Testing
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Module Testing
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. Pack Testing
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Application
    11.3.3.1.End-of-Line
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Research
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By Vertical
    11.3.4.1.Aerospace
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Energy & Power
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Automotive
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.Consumer Electronics
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Others
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Battery
  12.3.2. By Function
  12.3.3. By Application
  12.3.4. By Vertical
12.4. Country
  12.4.1. United States
  12.4.2.Canada

13.EUROPE BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Battery
  13.3.2. By Function
  13.3.3. By Application
  13.3.4. By Vertical
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Battery
  14.3.2. By Function
  14.3.3. By Application
  14.3.4. By Vertical
14.4.Country
  14.4.1. India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Battery
  15.3.2. By Function
  15.3.3. By Application
  15.3.4. By Vertical
15.4.Country
  15.4.1. Israel
  15.4.2.GCC
  15.4.3.North Africa
  15.4.4.South Africa
  15.4.5.Rest of Middle East and Africa

16. LATIN AMERICA BATTERY CYCLERS MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Battery
  16.3.2. By Function
  16.3.3. By Application
  16.3.4. By Vertical
16.4. Country
  16.4.1. Mexico
  16.4.2.Brazil
  16.4.3.Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Arbin Instruments
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2.Maccor Inc.
18.3.BioLogic Science Instruments
18.4. Neware Technology Limited
18.5. CHROMA ATE INC.
18.6.Gamry Instruments
18.7.Scribner Associates Inc.
18.8. Ametek Scientific Instruments
18.9.HIOKI E.E. Corporation
18.10.Basytec GmbH
18.11. BatteryDAQ
18.12.Adaptive Power Systems
18.13.Bitrode Corporation
18.14.Volta Power Systems
18.15.Battery Tech Solutions LLC
18.16.Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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