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 -
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Battery Cyclers Market: Strategic Insights
Market Size Value in US$ 208.14 Million in 2022 Market Size Value by US$ 298.20 Million by 2028 Growth rate CAGR of 6.2% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Battery Cyclers Market: Strategic Insights
| Market Size Value in | US$ 208.14 Million in 2022 |
| Market Size Value by | US$ 298.20 Million by 2028 |
| Growth rate | CAGR of 6.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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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.
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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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Channel Type, Battery Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
The estimated global market size for the battery cyclers market in 2022 is expected to be around US$ 208.14 million
1. Increasing production and use of electric vehicles
2. Government initiatives for the development of efficient battery cyclers
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
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.
Asia Pacific is expected to register the highest CAGR in the battery cyclers market during the forecast period.
India, Canada, UK, UAE, and Brazil are expected to register high growth rates during the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Battery Cyclers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Battery Cyclers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Production and Use of Electric Vehicles
5.1.2 Government Initiatives for Development of Efficient Battery Cyclers
5.2 Market Restraints
5.2.1 Limited Reliability of Battery Testing
5.3 Market Opportunities
5.3.1 Technological Advancements in Battery Cyclers
5.4 Trends
5.4.1 Increasing Adoption of Battery Cyclers in Healthcare Sector
5.5 Impact Analysis of Drivers and Restraints
6. Battery Cyclers Market – Global Analysis
6.1 Global Battery Cyclers Market Overview
6.2 Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Battery Cyclers Market Revenue and Forecast to 2028 – Channel Type
7.1 Overview
7.2 Battery Cyclers Market, By Channel Type (2021 And 2028)
7.3
7.3.1 Overview
7.3.2: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
7.4 8
7.4.1 8: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
7.5 4
7.5.1 4: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8. Battery Cyclers Market Revenue and Forecast to 2028 – Battery Type
8.1 Overview
8.2 Battery Cyclers Market, By Battery Type (2021 And 2028)
8.3 Lead Acid
8.3.1 Overview
8.3.2 Lead Acid: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.4 Nickel Cadmium (NiCd) Batteries
8.4.1 Overview
8.4.2 Nickel Cadmium (NiCd) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.5 Nickel -Metal Hydride (NiMh) Batteries
8.5.1 Overview
8.5.2 Nickel -Metal Hydride (NiMh) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.6 Lithium-Ion (Li-Ion) Batteries
8.6.1 Overview
8.6.2 Lithium-Ion (Li-Ion) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9. Battery Cyclers Market Revenue and Forecast to 2028 – End User
9.1 Overview
9.2 Battery Cyclers Market, By End User (2021 And 2028)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.4 Energy & Power
9.4.1 Overview
9.4.2 Energy & Power: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.6 Consumer Electronics
9.6.1 Overview
9.6.2 Consumer Electronics: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
10. Battery Cyclers Market – Geographic Analysis
10.1 Overview
10.2 North America: Battery Cyclers Market
10.2.1 North America: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Battery Cyclers Market, By Channel Type
10.2.3 North America: Battery Cyclers Market, By Battery Type
10.2.4 North America: Battery Cyclers Market, By End-User
10.2.5 North America: Battery Cyclers Market, By Country
10.2.5.1 US: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Battery Cyclers Market, By Channel Type
10.2.5.1.2 US: Battery Cyclers Market, By Battery Type
10.2.5.1.3 US: Battery Cyclers Market, By End-User
10.2.5.2 Canada: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Battery Cyclers Market, By Channel Type
10.2.5.2.2 Canada: Battery Cyclers Market, By Battery Type
10.2.5.2.3 Canada: Battery Cyclers Market, By End-User
10.2.5.3 Mexico: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Battery Cyclers Market, By Channel Type
10.2.5.3.2 Mexico: Battery Cyclers Market, By Battery Type
10.2.5.3.3 Mexico: Battery Cyclers Market, By End-User
10.3 Europe: Battery Cyclers Market
10.3.1 Europe: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Battery Cyclers Market, By Channel Type
10.3.3 Europe: Battery Cyclers Market, By Battery Type
10.3.4 Europe: Battery Cyclers Market, By End-User
10.3.5 Europe: Battery Cyclers Market, By Country
10.3.5.1 Germany: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Battery Cyclers Market, By Channel Type
10.3.5.1.2 Germany: Battery Cyclers Market, By Battery Type
10.3.5.1.3 Germany: Battery Cyclers Market, By End-User
10.3.5.2 France: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Battery Cyclers Market, By Channel Type
10.3.5.2.2 France: Battery Cyclers Market, By Battery Type
10.3.5.2.3 France: Battery Cyclers Market, By End-User
10.3.5.3 Italy: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Battery Cyclers Market, By Channel Type
10.3.5.3.2 Italy: Battery Cyclers Market, By Battery Type
10.3.5.3.3 Italy: Battery Cyclers Market, By End-User
10.3.5.4 UK: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Battery Cyclers Market, By Channel Type
10.3.5.4.2 UK: Battery Cyclers Market, By Battery Type
10.3.5.4.3 UK: Battery Cyclers Market, By End-User
10.3.5.5 Russia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Battery Cyclers Market, By Channel Type
10.3.5.5.2 Russia: Battery Cyclers Market, By Battery Type
10.3.5.5.3 Russia: Battery Cyclers Market, By End-User
10.3.5.6 Rest of Europe: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Battery Cyclers Market, By Channel Type
10.3.5.6.2 Rest of Europe: Battery Cyclers Market, By Battery Type
10.3.5.6.3 Rest of Europe: Battery Cyclers Market, By End-User
10.4 APAC: Battery Cyclers Market
10.4.1 APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Battery Cyclers Market, By Channel Type
10.4.3 APAC: Battery Cyclers Market, By Battery Type
10.4.4 APAC: Battery Cyclers Market, By End-User
10.4.5 APAC: Battery Cyclers Market, By Country
10.4.5.1 China: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Battery Cyclers Market, By Channel Type
10.4.5.1.2 China: Battery Cyclers Market, By Battery Type
10.4.5.1.3 China: Battery Cyclers Market, By End-User
10.4.5.2 India: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 India: Battery Cyclers Market, By Channel Type
10.4.5.2.2 India: Battery Cyclers Market, By Battery Type
10.4.5.2.3 India: Battery Cyclers Market, By End-User
10.4.5.3 Japan: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Battery Cyclers Market, By Channel Type
10.4.5.3.2 Japan: Battery Cyclers Market, By Battery Type
10.4.5.3.3 Japan: Battery Cyclers Market, By End-User
10.4.5.4 South Korea: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Battery Cyclers Market, By Channel Type
10.4.5.4.2 South Korea: Battery Cyclers Market, By Battery Type
10.4.5.4.3 South Korea: Battery Cyclers Market, By End-User
10.4.5.5 Australia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Australia: Battery Cyclers Market, By Channel Type
10.4.5.5.2 Australia: Battery Cyclers Market, By Battery Type
10.4.5.5.3 Australia: Battery Cyclers Market, By End-User
10.4.5.6 Rest of APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Battery Cyclers Market, By Channel Type
10.4.5.6.2 Rest of APAC: Battery Cyclers Market, By Battery Type
10.4.5.6.3 Rest of APAC: Battery Cyclers Market, By End-User
10.5 MEA: Battery Cyclers Market
10.5.1 MEA: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Battery Cyclers Market, By Channel Type
10.5.3 MEA: Battery Cyclers Market, By Battery Type
10.5.4 MEA: Battery Cyclers Market, By End-User
10.5.5 MEA: Battery Cyclers Market, By Country
10.5.5.1 South Africa: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Battery Cyclers Market, By Channel Type
10.5.5.1.2 South Africa: Battery Cyclers Market, By Battery Type
10.5.5.1.3 South Africa: Battery Cyclers Market, By End-User
10.5.5.2 Saudi Arabia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Battery Cyclers Market, By Channel Type
10.5.5.2.2 Saudi Arabia: Battery Cyclers Market, By Battery Type
10.5.5.2.3 Saudi Arabia: Battery Cyclers Market, By End-User
10.5.5.3 UAE: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Battery Cyclers Market, By Channel Type
10.5.5.3.2 UAE: Battery Cyclers Market, By Battery Type
10.5.5.3.3 UAE: Battery Cyclers Market, By End-User
10.5.5.4 Rest of MEA: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Battery Cyclers Market, By Channel Type
10.5.5.4.2 Rest of MEA: Battery Cyclers Market, By Battery Type
10.5.5.4.3 Rest of MEA: Battery Cyclers Market, By End-User
10.6 SAM: Battery Cyclers Market
10.6.1 SAM: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Battery Cyclers Market, By Channel Type
10.6.3 SAM: Battery Cyclers Market, By Battery Type
10.6.4 SAM: Battery Cyclers Market, By End-User
10.6.4.1 SAM: Battery Cyclers Market, By Country
10.6.4.2 Brazil: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.6.4.2.1 Brazil: Battery Cyclers Market, By Channel Type
10.6.4.2.2 Brazil: Battery Cyclers Market, By Battery Type
10.6.4.2.3 Brazil: Battery Cyclers Market, By End-User
10.6.4.3 Argentina: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.6.4.3.1 Argentina: Battery Cyclers Market, By Channel Type
10.6.4.3.2 Argentina: Battery Cyclers Market, By Battery Type
10.6.4.3.3 Argentina: Battery Cyclers Market, By End-User
10.6.4.4 Rest of SAM: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.6.4.4.1 Rest of SAM: Battery Cyclers Market, By Channel Type
10.6.4.4.2 Rest of SAM: Battery Cyclers Market, By Battery Type
10.6.4.4.3 Rest of SAM: Battery Cyclers Market, By End-User
11. Battery Cyclers Market- COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 South America
12. Battery Cyclers Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Launch
13. Company Profiles
13.1 BioLogic Sciences Instruments
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Unico, LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Bitrode Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Chroma Systems Solutions, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Arbin Instruments
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 DIGATRON
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 PEC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Xiamen Tmax Battery Equipments Limited
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HIOKI E.E. CORPORATION
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Gamry Instruments
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. France Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. France Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 38. China Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. China Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. China Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 41. India Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. India Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 43. India Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 44. Japan Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 47. South Korea Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. South Korea Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 49. South Korea Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Battery Cyclers Market Segmentation
Figure 2. Battery Cyclers Market Segmentation – By Geography
Figure 3. Global Battery Cyclers Market Overview
Figure 4. 8 Contributed the Largest Market Share in 2021
Figure 5. Lithium-Ion Batteries Held the Largest Market Share in 2021
Figure 6. Consumer Electronics Segment Held the Largest Market Share in 2021
Figure 7. APAC to Show Great Traction During Forecast Period from 2022 to 2028
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Battery Cyclers Market – Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Battery Cyclers Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Battery Cyclers Market
Figure 17. Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Market Positioning – Five Key Players
Figure 19. Battery Cyclers Market, By Channel Type (2021 and 2028)
Figure 20.: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. 8: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. 4: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Battery Cyclers Market, By Battery Type (2021 and 2028)
Figure 24. Lead Acid: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Nickel Cadmium (NiCd) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Nickel -Metal (NiMh) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Lithium-Ion (Li-Ion) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Battery Cyclers Market, By End User (2021 and 2028)
Figure 29. Aerospace: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Energy & Power: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Automotive: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Consumer Electronics: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Global Battery Cyclers Market Revenue Share, By Region (2021 and 2028)
Figure 35. North America: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America Battery Cyclers Market Revenue Share, By Channel Type (2021 and 2028)
Figure 37. North America Battery Cyclers Market Revenue Share, By Battery Type (2021 and 2028)
Figure 38. North America Battery Cyclers Market Revenue Share, By End-User (2021 and 2028)
Figure 39. North America Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 40. US: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Battery Cyclers Market Revenue Share, By Channel Type (2021 and 2028)
Figure 45. Europe: Battery Cyclers Market Revenue Share, By Battery Type (2021 and 2028)
Figure 46. Europe: Battery Cyclers Market Revenue Share, By End-User (2021 and 2028)
Figure 47. Europe: Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 48. Germany: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UK: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Russia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Battery Cyclers Market Revenue Share, By Channel Type (2021 and 2028)
Figure 56. APAC: Battery Cyclers Market Revenue Share, By Battery Type (2021 and 2028)
Figure 57. APAC: Battery Cyclers Market Revenue Share, By End-User (2021 and 2028)
Figure 58. APAC: Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 59. China: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. India: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Japan: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South Korea: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Australia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Battery Cyclers Market Revenue Share, By Channel Type (2021 and 2028)
Figure 67. MEA: Battery Cyclers Market Revenue Share, By Battery Type (2021 and 2028)
Figure 68. MEA: Battery Cyclers Market Revenue Share, By End-User (2021 and 2028)
Figure 69. MEA: Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 70. South Africa: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Saudi Arabia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. UAE: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of MEA: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. SAM: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. SAM: Battery Cyclers Market Revenue Share, By Channel Type (2021 and 2028)
Figure 76. SAM: Battery Cyclers Market Revenue Share, By Battery Type (2021 and 2028)
Figure 77. SAM: Battery Cyclers Market Revenue Share, By End-User (2021 and 2028)
Figure 78. SAM: Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 79. Brazil: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Argentina: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Rest of SAM: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Impact of COVID-19 Pandemic on Market in North American Country
Figure 83. Impact of COVID-19 Pandemic on Market in European Country
Figure 84. Impact of COVID-19 Pandemic on Market in Asia Pacific Country
Figure 85. Impact of COVID-19 Pandemic on Market in Middle East and Africa Country
Figure 86. Impact of COVID-19 Pandemic on Market in South America Country
The List of Companies - Battery Cyclers Market
- BioLogic Sciences Instruments
- Unico, LLC
- Bitrode Corporation
- Chroma Systems Solutions, Inc
- HIOKI E.E. CORPORATION
- Arbin Instruments
- DIGATRON
- PEC
- Xiamen Tmax Battery Equipments Limited
- Gamry Instruments
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
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