2025 Battery Cyclers Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Battery Cyclers Market Size By 2025?
In recent times, the battery cyclers market has expanded rapidly. It's anticipated to grow from a value of $0.69 billion in 2024 to an estimated $0.79 billion in 2025, this translates to a compound annual growth rate (CAGR) of 14.7%. The growth experienced in the past has been significantly influenced by factors such as the surge in electric vehicles (EVs), expansion of renewable energy, the proliferation of consumer electronics, advancements in research and development, as well as industrial automation.

How Big Is the Battery Cyclers Market Size Expected to Grow by 2029?
Expectations indicate swift expansion in the battery cyclers market's size within the upcoming years. A compound annual growth rate (CAGR) of 14.3% may boost its worth to $1.35 billion by 2029. This estimated growth during the forecast period is largely due to an increasing emphasis on sustainability and carbon footprint reduction, wider use of electric scooters, e-bikes, and other electric vehicles, heightened demand for battery cyclers to ensure high performance and reliability, and heightened use of renewable energy. Key trends for the forecast period include the utilization of advanced data analytics, high-precision control systems, a greater acceptance of automation and robotics, incorporation of AI and machine learning, and the advancement of capabilities to simulate fast-charging scenarios.

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Which Key Market Drivers Powering Battery Cyclers Market Expansion and Growth?
The expansion of the electric vehicle (EV) sector is anticipated to fuel the development of the battery cyclers industry in the future. Electric vehicles (EVs) are vehicles driven by electric motors, which utilize electrical energy stored in batteries or some other energy storage system. The burgeoning demand for EVs is attributed to their environmental advantages, economic incentives, progress in battery technology, and supportive government policies, including lower emission rates. Battery cycling plays a critical role in furthering electric vehicle technology by ensuring batteries that meet the stringent standards for reliability, performance, and safety desired by consumers and the auto industry. For example, the International Energy Agency, a France-based intergovernmental organization, reported that electric vehicle sales surged by 3.5 million in 2023, a 35% yearly increase compared to 2022, in April 2024. Consequently, the surge in the electric vehicle (EV) industry is facilitating the growth of the battery cyclers market.

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Which Fast-Growing Trends Are Poised to Disrupt the Battery Cyclers Market?
Leading firms in the battery cyclers market are prioritizing the creation of groundbreaking products, like battery testing technology, to boost precision, effectiveness, and dependability in measuring battery efficiency across diverse sectors. Battery testing technology encompasses the methods, tools, and procedures used for assessing performance, trustworthiness, safety, and lifespan of batteries. It involves numerous test protocols that mimic actual operational conditions and guarantee that batteries comply with particular norms and specifications. For example, BioLogic, a pharmaceutical company based in France, launched the BCS-900 battery cycler series in April 2024, marking substantial progress in battery testing technology. This system blends superior performance with a user-centric design and incorporates the innovative BT-Lab software suite. The BCS-900 series, designed to accommodate various stages of the battery industry from R&D to pilot production and quality control testing, establishes a new benchmark in versatility and ability.

What Are the Emerging Segments in the Battery Cyclers Market?
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

Subsegments:
1) By Lithium-Ion: Lithium Iron Phosphate (LFP), Lithium Nickel Manganese Cobalt Oxide (NMC), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Titanate Oxide (LTO)
2) By Lead-Acid: Sealed Lead-Acid (SLA), Flooded Lead-Acid, Gel Lead-Acid
3) By Nickel-Based Batteries: Nickel-Cadmium (NiCd), Nickel-Metal Hydride (NiMH), Nickel-Iron (NiFe)
4) By Other Batteries: Solid-State Batteries, Sodium-Ion Batteries, Flow Batteries

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Who Are the Global Leaders in the Battery Cyclers Market?
Major companies operating in the battery cyclers market are WonATech Co. Ltd., Unico LLC, HIOKI E.E. CORPORATION, Neware Technology Limited, Bitrode Corporation, Solartron Analytical, DIGATRON Industrie-Elektronik GmbH, Maccor Inc., Amtest Electro Kft., Arbin Instruments, Chroma ATE Inc., Gamry Instruments, NH Research Inc., Aralab S.L., BioLogic Science Instruments SAS, Xiamen Tmax Battery Equipments Limited, Battery Associates Inc., Ivium Technologies BV, CH Instruments Inc., Petrotest Instruments

Which are the Top Profitable Regional Markets for the Battery Cyclers Industry?
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.

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