Battery cyclers are specialized devices used to test and characterize the performance of batteries by cycling them through charge and discharge cycles. These devices are crucial in evaluating batteries' longevity, capacity, efficiency, and overall health. Battery cyclers are used in research, development, and quality control for various battery types, including those used in consumer electronics, electric vehicles, and energy storage systems.
Battery Cyclers Global Market Report 2024 provides data on the global battery cyclers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The battery cyclers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
The battery cyclers market has experienced rapid growth, increasing from $0.60 billion in 2023 to $0.69 billion in 2024, with a CAGR of 14.2%. Historical growth has been driven by the rise of electric vehicles, renewable energy expansion, consumer electronics demand, R&D efforts, and industrial automation. By 2028, the market is forecasted to reach $1.18 billion at a CAGR of 14.4%. Growth drivers include sustainability efforts, the proliferation of e-bikes and scooters, demand for battery performance reliability, and renewable energy integration. Emerging trends include advanced data analytics, high-precision controls, AI and machine learning integration, and fast-charging simulation capabilities.
The growth of the electric vehicle (EV) industry is expected to propel the battery cycler market in the coming years. EVs, which use electric motors and rechargeable batteries, are gaining popularity due to their environmental benefits, technological advancements, and government policies. Battery cyclers play a critical role in testing and validating EV batteries, ensuring they meet the necessary standards for performance and safety. As EV sales increase, the demand for battery cyclers is also expected to rise, with the International Energy Agency reporting a 35% rise in global EV sales in 2023.
Get Your Free Sample of the Global Battery Cyclers Market Report The battery cyclers market covered in this report is segmented –
1) By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Based Batteries, Other Batteries
2) By Service: Cell Testing, Module Testing, Pack Testing
3) By Application: Research, End-of-Line
4) By Industry: Automotive And Transportation, Consumer Electronics, Energy And Utility, Industrial, Education And Research, Other Industries
Prominent companies in the battery cyclers market are introducing advanced products, such as state-of-the-art battery testing systems, to improve the precision, efficiency, and reliability of battery performance evaluations across industries. Battery testing technologies encompass methods and tools designed to simulate real-world conditions, ensuring batteries meet specific standards. For example, in April 2024, BioLogic, a France-based company, launched the BCS-900 battery cycler series. This cutting-edge system combines outstanding performance with user-friendly design and features the BT-Lab software suite. Catering to diverse industry needs, from R&D to pilot production and quality control, the BCS-900 series represents a significant leap in battery testing capabilities.
North America was the largest region in the battery cyclers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battery cyclers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.