Battery Cyclers Market Size, Share, Analysis & Forecast 2028

Battery Cyclers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Channel Type (16, 8, and 4), Battery Type [Lead Acid, Nickel Cadmium (NiCd) Batteries, Nickel-Metal (NiMh) Batteries, and Lithium-Ion (Li-Ion) Batteries], and End User (Aerospace, Energy & Power, Automotive, Consumer Electronics, and Others

Publication Month : Sep 2022

  • Report Code : TIPRE00029730
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 159
Inquire Before Buy



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

Aerospace, automotive, consumer electronics, and various other industries are heavily investing in advanced technologies to strengthen their capabilities with advanced machinery and offer enhanced services to customers. The rising demand for advanced machinery will also require battery cyclers to test such machinery; this will increase the demand for battery cyclers in the forecast period. The increasing demand for electric vehicles, which led to a surge in the usage of various batteries, and the growing use of smartphones, laptops, tablets, wearables, and other consumer electronics devices that are boosting the need for thin batteries are further stimulating the demand for battery cyclers. Further, several companies that are established in countries such as China, India, Japan, the US, France, Sweden, and the UK are developing advanced battery testing equipment for the global battery cyclers market. For instance, in February 2022, HIOKI E.E. CORPORATION announced that it would launch three new battery quality testers, which are designed to detect latent defects in quality inspections on battery production lines. Thus, with the implementation of such battery quality testers, the company is increasing the safety of lithium-ion batteries.

Consumer electronics and automotive are the most prominent industries in Japan, and these industries are expected to boost the testing and maintenance of the battery cyclers market in the coming years. Furthermore, market players are adopting various initiatives to improve battery testing, which plays a vital role in fueling the market growth. In August 2020, the Kyoto University and Toyota Motor were engaged in creating next-generation battery technology with the capability to fill the maximum amount of energy into a lightweight and small package as compared to existing lithium-ion batteries. They have created a prototype rechargeable battery on the basis of fluoride. Further, in August 2022, Japan’s Ministry of Economy, Trade and Industry announced to invest over US$ 24 billion in both the public and private sectors to develop a competitive manufacturing base for batteries used in areas such as electric vehicles (EVs) and energy storage. The development of new types of batteries will fuel the adoption of battery cyclers.

Battery Cyclers Market -

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Battery Cyclers Market: Strategic Insights

Market Size Value inUS$ 208.14 Million in 2022
Market Size Value byUS$ 298.20 Million by 2028
Growth rateCAGR of 6.2% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
Analyst Image


Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Impact of COVID-19 Pandemic on North America Battery Cyclers Market


The battery cyclers market was hampered in Q2 2020 as many manufacturing plants in North America were temporarily shut down. The automakers in the region agreed to implement the temporary shutdown of factories, extend periods between two shifts, social distancing, and extensive deep cleaning of surroundings. In March 2020, several automakers, including GM, Ford, and Honda Motors, closed their facilities for extensive cleaning, which led to disruptions in the supply chains of components and parts.

Many battery testing equipment and component manufacturers are present in the US, and the COVID-19 pandemic severely affected the production and revenue generation of these enterprises. The restricted availability of manufacturing staff resulted in lesser production quantity. Further, the limited availability of raw materials and shutdown of aerospace hampered the battery cyclers market growth in the US. However, rising demand for decarbonized vehicles in the country and the continued development of electric vehicles by companies such as Tesla, General Motors, and Ford are expected to offer growth opportunities for battery manufacturing companies. As a result, the battery cyclers market has been growing since Q3 of 2020 in North America.

Lucrative Regions for Battery Cyclers Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights – Battery Cyclers Market

Based on geography, the battery cyclers market size is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific is expected to account for the largest battery cyclers market share in 2022, and it is expected to witness the highest CAGR in the global battery cyclers market during the forecast period.

North America is expected to hold the second-largest share of the battery cyclers market in 2022, wherein the US is expected to dominate the North America battery cyclers market share. The US is home to various industries, including automotive, energy & utilities, consumer electronics, and healthcare. The growing industrial sector in the US will create a positive impact on the growth of battery-powered devices in these industries, thereby stimulating the adoption of battery cyclers for testing and maintenance. Moreover, Unico, LLC; Bitrode Corporation; Chroma Systems Solutions, Inc.; Arbin Instruments; PEC are a few other major companies present in the US offering battery cyclers to diversified industries. Additionally, in March 2022, NanoGraf, an advanced battery material company, had a contract from the US Department of Defense to produce a more powerful, longer-lasting 4.3Ah lithium-ion battery for US$ 1 million. The cell will provide US military personnel with enhanced run-time for equipment to maintain safe and efficient operations. Such battery production will create a positive impact on the growth of the battery cyclers market.

Battery type - Based Insights – Battery Cyclers Market

Based on battery type, the battery cyclers market is segmented into lead acid, nickel-cadmium batteries, nickel-metal hydride batteries, and lithium-ion batteries. The lithium-ion batteries segment is expected to dominate the battery cyclers market in 2022. The lithium-ion (Li-ion) batteries are used in electronics, toys, handheld power tools, wireless headphones, small and large appliances, electric vehicles, and electrical energy storage systems. Due to its high energy density, its demand in the market is increasing significantly. They are smaller and lighter than other batteries but hold the same energy, thus increasing its demand in the consumer electronics industry. These batteries are used for emergency power backup or uninterruptible power supply (UPS), thus raising its demand in the energy & power industry. They are also used in boats and yachts as they provide years of reliable motor starts and are used in surveillance or alarm systems in remote locations. All the above factors fuel the demand for lithium-ion (Li-ion) batteries, thus raising the demand for battery cyclers and in turn boosting the battery cyclers market growth.

The battery cyclers market players are mainly focused on the development of advanced and efficient systems.

  • In September 2022, Chroma Systems Solutions, Inc. announced that on 18 and 19 October 2022, the company would have an opening celebration of its new facility in Austin, Texas. The company will try to meet the growing demand for battery and power conversion test equipment.
  • In February 2021, HIOKI E.E. CORPORATION announced the launch of the Battery Tester BT3554-50. It streamlines lead-acid battery diagnostics with audio measurement and recording guidance.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Channel Type, Battery Type, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What is the estimated global market size for the battery cyclers market in 2022?

The estimated global market size for the battery cyclers market in 2022 is expected to be around US$ 208.14 million

What are the driving factors impacting the battery cyclers market?

1. Increasing production and use of electric vehicles
2. Government initiatives for the development of efficient battery cyclers

What is the future trend in the battery cyclers market?

Increasing adoption of battery cyclers in the healthcare sector. Lithium batteries are the preferred choice for both primary and backup energy sources in implanted and portable devices due to their long life and high energy density. Monitors; tools such as surgical drills and robots; and vital devices such as defibrillators, transport ventilators, and heart and lung machines need batteries

Which are the key players of the battery cyclers market?

Arbin Technologies; ST Instruments B.V.; BioLogic Sciences Instruments; Chroma Systems Solutions, Inc.; and Unico, LLC are the key market players of the battery cyclers market.

Which is the fastest growing regional market?

Asia Pacific is expected to register the highest CAGR in the battery cyclers market during the forecast period.

Which countries are registering a high growth rate during the forecast period?

India, Canada, UK, UAE, and Brazil are expected to register high growth rates during the forecast period.

The List of Companies - Battery Cyclers Market

  1. BioLogic Sciences Instruments
  2. Unico, LLC
  3. Bitrode Corporation
  4. Chroma Systems Solutions, Inc
  6. Arbin Instruments
  8. PEC
  9. Xiamen Tmax Battery Equipments Limited
  10. Gamry Instruments

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Related Reports