Battery Cyclers Market Size, Share & Trends

Battery Cyclers Market Size, Share & Growth

The global 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 industry 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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Battery Cyclers Market Trends

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 industry, essential tools for testing and optimizing the performance of energy storage systems, thus propelling the battery cyclers market growth.

RESTRAINTS: High initial investment and setup costs

The battery cyclers 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 cyclers 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 cyclers 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 the battery cyclers companies  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 battery cyclers 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 battery cyclers market trends 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.

Top Companies Battery Cyclers Market Key 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.

Scope of the Companies Battery Cyclers Market Report

Battery Cyclers Market Highlights

This research report categorizes the battery cyclers market by battery type, application, function, industry and region.

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)

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