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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.
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.