6.2% Global CAGR for Battery Cyclers Market to Achieve US$ 208.14 Mn By 2027

The battery cyclers market size is valued US$ 208.14 million in 2022, it is expected to grow at a CAGR of 6.2% from 2022 to 2028


Lisa Seghers

a year ago | 4 min read

According to our latest market study on battery
is an instrument that helps in analyzing battery function
through charge and discharge cycles by measuring the response of the cell over
time. During battery cycling, various parameters can be measured, including the
battery's efficiency, battery capacity, and self-discharge. Furthermore, the
charge and discharge testing help measure the net result of all the
electrochemical processes occurring inside the cell. It helps in monitoring and
controlling the degradation of the battery in the low-frequency range.

The major stakeholders in the global battery cycler’s market
ecosystem include raw material and component suppliers, battery testing
equipment manufacturers, battery testing service providers, battery
manufacturers, and end users. The suppliers of raw materials and components
offer numerous parts and components for producing battery cyclers. Different
types of components are used to manufacture battery cyclers, including fuses,
powerful embedded controllers, and speed fans. The timely supply of all these
components is crucial for efficient operation across battery cyclers
manufacturing plants. Thus, any operational impact on these component providers
directly affects the growth of the battery cyclers market.

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APAC accounted for the highest share in the global battery
cyclers market in 2021 and is expected to grow at the highest CAGR during the
forecast period battery cyclers market share. China and Japan have various
battery cyclers market players such as Xiamen Tmax Battery Equipments Limited,
HIOKI E.E. CORPORATION, BYD Company Limited, and Blue Energy Co. Ltd. Further,
the proliferating telecom, automotive, and consumer electronics sectors are
boosting the market growth. In addition, the rising investment by governments
of various APAC countries for the growth of the electronics &
semiconductors manufacturing industries will increase the demand for batteries
in the region, which is fueling the market growth in the region. Moreover, the
declining lithium-ion battery prices, fast adoption of electric cars, and a
burgeoning renewable sector are also propelling the growth of the battery
cyclers market.

Asia Pacific has several developing economies with a
significant number of natural and human resources. With the legislative support
from governments of Asia Pacific countries to promote the manufacturing sector,
India is likely to become a key investment hotspot for battery businesses in
the coming years. China, which dominates the production of lithium-ion
batteries globally, has witnessed a reduced production among its two largest
lithium-ion battery manufacturers, i.e., Contemporary Amperex Technology Co.
Ltd (CATL) and BYD, due to a shortage of labor and raw materials. The battery
cyclers market growth is attributed to the declining lithium-ion battery
prices, fast adoption of electric cars, a burgeoning renewable sector, and high
consumer electronics sales. However, a raw material demand-supply gap is
hampering the battery cyclers market growth.

China is the largest EV manufacturer in the world. Also,
China is the global leader in the production of passenger cars and commercial vehicles,
as well as electronic product assembly. The presence of a robust manufacturing
base is a key factor driving the growth of the market battery cyclers. The
government of China has introduced an initiative named “Made in China 2025”,
which further drives the growth of the automotive manufacturing sector. Also,
the majority of products manufactured by electronics equipment manufacturers
take place in China. It is the largest manufacturer in the globe, with the
presence of various diverse industries, especially electronics &
semiconductors and consumer electronics. As the electronics & smartphone
industry is a prominent end user of battery cyclers due to the large number of
batteries manufactured, the scope of the market is expected to grow. Also, the
country records the largest number of sales (1.2 million units sold in 2020) of
electric cars, followed by Europe and the US. Therefore, the presence of a
robust manufacturing base of electronics, smartphones, and electric vehicles is
a key factor in the growth of batteries in China, which is driving the growth
of the battery cyclers market size.

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

Arbin Technologies; ST Instruments B.V.; BioLogic Sciences
Instruments; Chroma Systems Solutions, Inc.; and Unico, LLC. are a few key
battery cyclers market players profiled during the study. Several other major
market players were studied and analyzed during this market research study to
get a holistic view of the market and its ecosystem. The market provides
detailed insights, which helps the key battery cyclers market players
strategize their growthThe COVID-19 pandemic had a marginally negative effect on
the global battery cyclers market. In 2020, lockdowns implemented by various
governments of different countries led to the shutdown of manufacturing units
in the US, China, South Korea, Germany, France, India, and other countries,
which disrupted the supply chain of the automotive, aerospace, semiconductor,
electronics, and other sectors. This also impacted the performance of the
battery manufacturing industry. A drop in oil prices in a few developing
countries has attracted several consumers to purchase gasoline-powered
automobiles. Also, fluctuations in shifts, tariffs, economic and environmental
policies, and prolonged trade conflicts between the US and China disrupted raw
material supply chains; these events also led to a shift of various
manufacturing and recycling facilities to European countries, such as France,
Germany, Spain, and the UK, and Japan. Although the electric energy storage
demand for personal electronics and cars stays high, the renewable energy
sector relies heavily on the availability of battery banks, as batteries
support the energy supply decarbonization goals

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Lisa Seghers







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