Battery Cyclers Market Size - By Type (Lead-acid Batteries, Nickel-cadmium Batteries, Nickel-metal Hydride Batteries, Lithium-ion Batteries), By Services (Cell Testing, Module Testing, Pack Testing), By End User & Forecast, 2024 – 2032

Battery Cyclers Market Size

Battery Cyclers Market size was valued at USD 769 million in 2023 and is estimated to register a CAGR of over 16% between 2024 and 2032. Advancements in battery technology are a significant growth driver for the market owing to their influence on the demand for testing equipment. As battery technologies evolve to enhance energy density, cycle life, and safety, there is a heightened need for rigorous testing and validation throughout development and production.
 

Battery cyclers facilitate the evaluation of the performance and reliability of these advanced batteries, ensuring compliance with industry standards and meeting the evolving application needs in Electric Vehicles (EVs), renewable energy storage, and portable electronics. For instance, in June 2023, AMETEK, Inc. launched a new battery cycler, SI-6200, offering a broader range of capabilities and features. The battery cycler is suited for early-stage testing of battery materials, coin cells, supercapacitors, and micro fuel cells; it provides a comprehensive solution to meet diverse R&D needs at a competitive cost.
 

Increasing investments in renewable energy storage solutions, such as solar and wind power, necessitate robust testing and validation of energy storage systems, propelling the demand for battery cyclers. As renewable energy becomes more prominent, the need for reliable & efficient battery technologies grows to store and distribute this energy effectively. Battery cyclers are crucial in testing the performance, longevity, and safety of batteries used in renewable energy storage applications, thereby fueling the market growth.
 

The high initial capital investment required for testing equipment is a pitfall in the battery cyclers market as it can deter Small and Medium-sized Enterprises (SME) from entering into the market or expanding their testing capabilities. The significant upfront cost associated with acquiring advanced battery cyclers can strain financial resources, making it challenging for companies to justify the expenditure without assured returns. This barrier can slow down innovation and limit market growth, as only well-funded organizations can afford to invest in high-quality testing equipment.
 

Battery Cyclers Market Trends

Battery cyclers are essential for testing battery cells, modules, and packs. They are widely utilized in energy and the utilities, consumer electronics, industrial, education, and research sectors to ensure battery performance, reliability, and longevity. These diverse applications support the growing demand for efficient and robust battery technologies across various industries.
 

Integrating Electrochemical Impedance Spectroscopy (EIS) with battery cyclers enhances testing by providing detailed insights into battery behavior such as resistance and reaction kinetics. This integration improves accuracy and efficiency in evaluating battery health, performance, and lifecycle, enabling more comprehensive analysis and development of advanced battery technologies.
 

Battery Cyclers Market Analysis

Based on type, the battery cyclers market is segmented into lead-acid batteries, nickel-cadmium batteries, nickel-metal hydride batteries, and lithium-ion batteries. The lead-acid batteries segment is expected to reach over USD 1 billion by 2032.
 

• Lead-acid batteries are relatively inexpensive compared to other types of batteries, making them attractive for applications where cost is a significant consideration such as battery cyclers used in automotive and industrial settings.
   
• Lead-acid batteries have been around for a long time and have a well-established track record. This reliability and familiarity make them a preferred choice for many applications, especially in industries where performance consistency is crucial.
   

Based on service, the market is segmented into cell testing, module testing, and pack testing. The module testing segment is expected to register a CAGR of over 17% during the forecast period.
 

• New battery technologies including higher capacity and faster charging options require rigorous testing at the module level to validate their performance and longevity. This drives the demand for advanced module testing services.
   
• Testing at the module level allows manufacturers to identify and rectify issues before batteries are assembled into larger packs, reducing overall cost and improving production efficiency.
   

North America dominated the global battery cyclers market in 2023 with over 35% of the total revenue share. The region's robust industrial and automotive sectors boost the demand for battery testing and cycling equipment. Additionally, increasing investments in renewable energy projects and EV infrastructure bolster the need for reliable battery testing solutions. Regulatory initiatives promoting energy storage adoption further fuel market growth. Moreover, North America's advanced technological infrastructure and strong R&D capabilities support innovation and product development in the battery cycling industry, solidifying its market dominance.
 

Battery Cyclers Market Share

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.
 

Battery Cyclers Market Companies

Major companies operating in the battery cyclers industry are:

• Arbin Instruments
• BioLogic Sciences Instruments
• Bitrode Corporation
• Chroma Systems Solutions
• Maccor, Inc.
• PEC North America
   

Battery Cyclers Industry News

• In December 2023, DIGATRON completed a turnkey project in partnership with Voltavision, delivering a customized cell contact system for 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 an 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 compact design, catering to the diverse demands of battery testing across research, validation, production, and second-life applications in the automotive, aerospace, and energy sectors.
   

The battery cyclers market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2022 to 2032, for the following segments:

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Market, By Type

• Lead-acid batteries
• Nickel-cadmium batteries
• Nickel-metal hydride batteries
• Lithium-ion batteries

Market, By End User

• Aerospace
• Energy & power
• Automotive
• Consumer electronics
• Education & research
• Others

Market, By Service

• Cell testing
• Module testing
• Pack testing

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA