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Arbin Instruments and Bitrode Corporation held a significant share of over 10% in the battery cyclers industry in 2023. Arbin Instruments provides testing equipment for the battery and energy storage industries. The company designs and manufactures high-precision battery testing systems including battery cyclers, impedance analyzers, and other testing solutions. Arbin's products cater to a wide range of applications, from R&D to quality control and production testing. With a focus on accuracy, reliability, and flexibility, Arbin Instruments helps customers optimize battery performance, accelerate product development, and ensure quality control in battery manufacturing processes.
Bitrode Corporation provides battery testing and cycling solutions. The company specializes in designing and manufacturing battery testing equipment for various industries including automotive, aerospace, and renewable energy. Its product portfolio includes battery cyclers, formation systems, and battery test equipment. Bitrode’s solutions offer reliability, precision, and flexibility, catering to the diverse needs of battery manufacturers, research institutions, and energy storage developers worldwide.
Major companies operating in the battery cyclers industry are:
Some of the leading industry players include Arbin Instruments, BioLogic Sciences Instruments, Bitrode Corporation, Chroma Systems Solutions, Maccor, Inc., and PEC North America, among others.
North America market held over 35% revenue share in 2023, owing to the robust automotive and electronics industries, coupled with significant investments in renewable energy.
The lead-acid batteries segment will reach USD 1 billion by 2032, due to their extensive use in automotive applications, backup power systems, and industrial machinery.
The market size of battery cyclers reached USD 769 million in 2023 and will witness 16% CAGR between 2024 and 2032, propelled by the rising demand for efficient energy storage solutions, the increasing adoption of electric vehicles (EVs), and the growing emphasis on renewable energy sources.