Asia-Pacific Battery Cyclers Market

The battery cyclers market in APAC is expected to grow from US$ 57.29 million in 2022 to US$ 91.79 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

Increasing Adoption of Battery Cyclers in Healthcare Sector  

During the COVID-19 pandemic, the demand for diagnostic equipment, ventilators, and other critical care devices has increased worldwide. Lithium batteries are the preferred choice for both primary and backup energy sources in implanted and portable devices due to their long life and high energy density. Monitors; tools such as surgical drills and robots; and vital devices such as defibrillators, transport ventilators, and heart and lung machines need batteries. Therefore, prominent battery testing companies are offering continuous support and services in response to the growing demand in the healthcare sector. According to a survey by the FDA, poor battery conditions lead to equipment malfunctions which mat adversely impact the patient’s conditions. As battery failures in hospitals may lead to critical conditions, most of the underperforming batteries are discarded even when they are still usable. Comprehensive testing and easily accessible maintenance information are required to minimize wastage while assuring the optimum functioning of battery-powered devices when needed. Therefore, continuous testing and maintenance are required to reduce battery wastage and ensure battery and equipment safety. Hence, the growing demand for medical equipment and the need to reduce battery wastage is expected to boost the demand for battery cyclers in the coming years. Manufacturers of battery cyclers and other testing equipment can utilize high-resolution technologies to detect the slightest changes in battery performance during the testing. Thus, regular testing and maintenance are essential to reduce battery waste and assure the safety of batteries used in medical devices, which drives the growth of the battery cyclers market.

Market Overview

Automotive, aerospace, machinery, and consumer electronics are among the major manufacturing industries in APAC. The automotive industry and consumer electronics industry in each of the APAC countries contribute ~7% and ~10%, respectively to the country’s GDP. Further, the automotive industry in the region is the largest private investor in R&D, and it receives support from governments in the form of R&D funds. The car manufacturers in APAC countries such as Volkswagen, Volvo, Audi, and BMW are investing in the production of EVs, which will drive the demand for batteries. Moreover, the industries in countries under APAC Union is experiencing growth based on the quantity of lithium-ion batteries that are recycled every year. A battery cycler is a vital instrument for both research and testing of rechargeable batteries. Thus, the above factors are likely to boost the battery cyclers market during the forecast period.

APAC Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)

Asia-Pacific Battery Cyclers Strategic Insights

Strategic insights for the Asia-Pacific Battery Cyclers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia-Pacific Battery Cyclers Report Scope

Asia-Pacific Battery Cyclers Regional Insights

The geographic scope of the Asia-Pacific Battery Cyclers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

APAC Battery Cyclers Market Segmentation

The APAC battery cyclers market is segmented into channel type, battery type, end user and country. Based on channel type, the market is segmented into 16, 8, and 4. The 8 segment registered the largest market share in 2022.

Based on battery type, the APAC battery cyclers market is segmented into lead acid, nickel-cadmium batteries, nickel-metal hydride batteries, and lithium-ion batteries. The lithium-ion batteries segment registered the largest market share in 2022.

Based on end user, the APAC battery cyclers market is segmented into aerospace, energy and power, automotive, consumer electronics and others. The consumer electronics segment registered the largest market share in 2022.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.

Arbin Instruments; BioLogic Sciences Instruments; Bitrode Corporation; Chroma Systems Solutions, Inc.; Digatron; Gamry Instruments; Hioki E.E. Corporation; PEC; Unico, LLC; and Xiamen Tmax Battery Equipments Limited are the leading companies operating in the battery cyclers market in the region.