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
[218 Pages Report] The battery cyclers market size is predicted to grow from USD 794 million in 2024 to USD 1,609 million by 2029, at 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 cycles work by subjecting batteries to controlled charge and discharge cycles while monitoring key parameters such as voltage, current, and temperature. This comprehensive testing process enables researchers, manufacturers, and engineers to gain valuable insights into battery behavior, including capacity, power output, cycle life, and degradation mechanisms. The importance of battery cyclers in testing batteries cannot be overstated, as they provide critical data essential for optimizing battery design, enhancing performance, and ensuring safety in diverse industries such as automotives, renewable energy, consumer electronics, and other power storage applications.
Battery Cyclers Market Forecast to 2029
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Market Dynamics
DRIVERS: Increased demand for renewable energy
There is a continuously rising demand for renewable energy, resulting in a need for energy storage systems to support its integration into the grid. Efficient battery cyclers are essential tools for researchers, manufacturers, and operators to develop and optimize energy storage solutions that are reliable, cost-effective, and environmentally sustainable. By enabling faster testing and more accurate characterization of batteries, battery cyclers contribute to the advancement and widespread adoption of renewable energy technologies. For instance, according to the IEA Renewables 2023, report published in January 2024, in 2023, these additions soared by almost 50% to nearly 510 gigawatts (GW), marking the fastest growth rate witnessed in the past two decades. This surge in renewable energy production has, in turn, fueled an increased demand for energy storage solutions, including batteries. Consequently, the expanding renewable energy sector has heightened the demand for battery cyclers, essential tools for testing and optimizing the performance of energy storage systems, thus propelling growth in the battery cyclers market.
RESTRAINTS: High initial investment and setup costs
The battery cycler market encounters a notable restraint due to battery cycler equipment's time-consuming and costly nature. Primarily, battery cycling tests, crucial for comprehensively assessing battery parameters and estimating battery life, are notoriously time-intensive. Conducting a complete test cycle can take considerable hours, slowing down research and development processes. Moreover, the need for multiple cycles to obtain comprehensive data further elongates testing durations, impeding the efficiency of battery cycler operations. In addition to time constraints, the high costs associated with battery cycler equipment present a significant barrier. The procurement and maintenance of battery cyclers entail substantial financial investments for research facilities and manufacturing plants. Furthermore, ongoing operational expenses, such as electricity and maintenance, contribute to the overall cost burden. These expenses pose restraints for stakeholders, limiting their ability to invest in cutting-edge equipment and hindering market growth.
OPPORTUNITIES: Emerging EV industry
The flourishing electric vehicles (EVs) market presents significant opportunities for the battery cycler market. EVs heavily rely on Lithium-ion batteries for propulsion and energy storage, emphasizing the critical importance of efficient, reliable, and long-lasting battery systems to ensure optimal vehicle performance and range. Battery cycles play a pivotal role in ensuring the quality and performance of EV batteries through various essential functions. These include performance evaluation, where manufacturers assess battery capacity, power output, and degradation over time under simulated real-world driving conditions. Such evaluations help identify potential weaknesses and optimize battery design for enhanced range and performance. Moreover, battery cyclers facilitate durability testing by subjecting EV batteries to extreme temperature variations, rapid charging/discharging cycles, and other rigorous scenarios. This process helps assess battery safety and durability across diverse operating conditions, ensuring reliability in the demanding EV environment.
CHALLENGES: Availability of alternative testing methods and equipment
A significant challenge for the battery cycler market lies in the availability and utilization of alternative battery test equipment, which may serve as substitutes in specific scenarios. While battery cyclers offer comprehensive testing capabilities, factors such as particular testing goals and equipment limitations may prompt users to opt for alternative solutions. These alternatives may include combined equipment, specialized testers, and others.
The Battery Cyclers Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers such as AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks.
The End-of-Line application segment to grow with the highest CAGR during the forecast period.
The end-of-line applications of battery cyclers are integral to the battery production process, ensuring battery quality, reliability, and safety before reaching consumers. As the final stage of assessment in battery manufacturing, End-of-Line (EOL) testing with battery cyclers encompasses several vital aspects. Firstly, battery cyclers facilitate meticulous quality assurance by scrutinizing the electrical characteristics of batteries and assessing their functionality under various operational conditions, thereby ensuring compliance with predefined standards. Furthermore, EOL testing involves performance validation, where battery cyclers evaluate if batteries meet promised performance metrics such as energy density and cycle life, guaranteeing that they meet required standards.
The market for cell testing is expected to gain substantial market share during forecast period.
Cell testing is crucial for battery development, especially for new technologies, because it allows researchers and engineers to assess and validate battery cells' performance, safety, and reliability under various conditions. Testing provides valuable insights into the behavior of battery cells, helping to identify potential issues, optimize design parameters, and ensure that the cells meet the required specifications and standards. For new technologies, such as advanced lithium-ion batteries or solid-state batteries, cell testing is essential for understanding how these batteries perform in real-world applications, predicting their lifespan, and improving their overall efficiency and safety. By conducting thorough cell testing, developers can fine-tune battery designs, address potential challenges early in the development process, and ultimately accelerate the commercialization of new battery technologies.
The market in Asia Pacific is projected to grow at the highest CAGR from 2024 to 2029.
Battery Cyclers Market by Region
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The Asia Pacific market has been segmented into China, Japan, South Korea, and Rest of Asia Pacific (India, Australia, Thailand, Singapore, and Indonesia). The Asia Pacific region emerges as a thriving center for battery production, fueled by abundant raw materials and a robust presence of industry players. With China leading the charge in manufacturing capacity, the lithium-ion battery sector is witnessing remarkable growth in production and consumption. This expanding market is also seeing a parallel surge in demand for battery cyclers, driven by escalating research and development efforts to advance battery technologies across the region. Further, the demand for effective testing equipment intensifies as the battery market flourishes, highlighting the Asia Pacific region's fundamental role in the increasing battery cyclers market.
Key Market Players
AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US) are among a few top players in the battery cyclers companies.
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Report Metric |
Details |
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Market Size Available for Years |
2020–2029 |
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Base Year |
2023 |
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Forecast Period |
2024–2029 |
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Value (USD Million/Billion) |
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Segments Covered |
Battery Type, Application, Function and Industry |
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Geographic Regions Covered |
North America, Asia Pacific, Europe, and RoW |
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Companies Covered |
Major Players: AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US), Unico, LLC (US), Bitrode Corp. (US), Greenlight Innovation Corp. (Canada), AVL (Austria), NATIONAL INSTRUMENTS CORP. (US) and Others- (Total 25 players have been covered) |
Battery Cyclers Market Highlights
This research report categorizes the battery cyclers market by battery type, application, function, industry and region.
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Subsegment |
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By Battery Type: |
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By Application: |
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By Industry: |
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Recent Developments
- In December 2023, DIGATRON announced the successful completion of a turnkey project in partnership with Voltavision, delivering a customized cell contact system for their client Orion S.A. The project included supplying an MCT-ME cell tester and two temperature chambers, showcasing the seamless integration of Voltavision's cell contact system into Digatron's cabinet, and highlighting the cooperation between innovative technologies and engineering.
- In September 2023, NATIONAL INSTRUMENTS CORP., unveiled its latest addition to its lineup of high-power test systems for battery testing and simulation: the NHR 4800 high-density battery cycler and emulator. Engineered for modularity, versatility, and safety, the NHR 4800 offers industry-leading power within a remarkably compact design, catering to the diverse demands of battery testing across research, validation, production, and second-life applications in automotive, aerospace, and energy sectors.
- In June 2023, AMETEK.Inc. launched a new battery cycler, SI-6200, which provides a broader range of capabilities and features. The new battery cycler is Ideal for early-stage testing of battery materials, coin cells, supercapacitors, and micro fuel cells; it provides comprehensive solutions to meet diverse research and development needs at a competitive cost.
Frequently Asked Questions (FAQs)
What is the total CAGR expected to be recorded for the battery cyclers market during 2024-2029?
The global battery cyclers market is expected to record a CAGR of 15.2% from 2024–2029.
What are the driving factors for the battery cyclers market?
Increased demand for renewable energy, and integration of EIS capabilities are the key driving factors for this battery cyclers market.
Which industry will grow at a fast rate in the future?
The Automotive & Transportation segment is expected to grow at the highest CAGR during the forecast period.
Which are the significant players operating in the battery cyclers market?
AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), and DIGATRON (US) are among a few top players in the battery cyclers market.
Which region will grow at a fast rate in the future?
The battery cyclers market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.
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The study involved four major activities in estimating the current size of the battery cyclers market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings and assumptions and size them with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the battery cyclers market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred battery cyclers providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from battery cyclers providers, such as AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
The breakdown of primary respondents is provided below.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the battery cyclers market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual market segments (mentioned in market segmentation) through percentage splits from secondary and primary research. For specific market segments, the size of the most appropriate immediate parent market has been used to implement the top-down approach. The bottom-up approach has also been implemented for data obtained from secondary research to validate the market size of various segments.
Battery Cyclers Market: Top-down Approach
Bottom-Up Approach
The bottom-up approach has been used to arrive at the overall size of the battery cyclers market from the revenues of the key players and their market shares. Calculations based on revenues of key companies identified in the market led to the estimation of their overall market size.
Battery Cyclers Market: Bottom-up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Market Definition
Battery cyclers are devices used to test and characterize rechargeable batteries. It is used to assess a rechargeable battery's health by measuring various parameters such as capacity, efficiency, self-discharge, and degradation processes. They are essential tools in battery research, development, and quality control processes. Battery cyclers can charge and discharge batteries according to predefined profiles, allowing for the analysis of various battery parameters. These devices help researchers and engineers understand the performance and behavior of batteries under different conditions, which is crucial for optimizing battery designs and assessing their suitability for specific applications.
Key Stakeholders
- Battery Manufacturers
- Government Bodies and Policymakers
- Standards Organizations, Forums, Alliances, and Associations
- Market Research and Consulting Firms
- Raw Material Suppliers and Distributors
- Research Institutes and Organizations
- Material and Technology Providers
- Battery Cell and Battery Pack Manufacturers
- Consumer Electronics Manufacturers
- Automotive Manufacturers
- Testing, Inspection, and Certification Providers
- Distributors and Resellers
Report Objectives
- To define and forecast the battery cyclers market regarding application, function, battery type, and industry.
- To describe and forecast the battery cyclers market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market size
- To study the complete value chain of the battery cyclers market
- To analyze opportunities for stakeholders by identifying high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies along with a detailed market competitive landscape
- To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the market
- To provide an analysis of the recession impact on the growth of the market and its segments
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Battery Cyclers Market