North America Battery Cyclers Market

The battery cyclers market in North America is expected to grow from US$ 51.49 million in 2022 to US$ 75.02million by 2028. It is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Government Initiatives for Development of Efficient Battery Cyclers 

Several country governments are taking initiatives to find innovative ways for battery testing. Several government initiatives aimed at reducing the impact of battery disposal on the environment are expected to boost the battery cyclers market. Comprehensive standards that are widely implemented are required to ensure the safety of various products delivered by air. The International Air Transport Association (IATA) urged the aerospace, consumer electronics, energy & utilities, healthcare, and every sector that uses batteries to adopt and implement the global standards for screening, testing, and incident information sharing for ensuring the safe transportation of lithium batteries. With a rapid rise in the demand for lithium batteries, many new shippers are entering air cargo supply chains. IATA being one of the biggest air transportation governing organizations, such regulation levied by the authority has to strictly followed which is influencing the growth of the battery testing equipment market, thereby positively impacting driving the battery cyclers market across the region.

Market Overview

The battery cyclers market in North America is segmented into the US, Canada, and Mexico. The surge in technological advancements and supportive government regulations towards industrial growth have transformed North America into the most promising market for automotive, aerospace, energy & power, and consumer electronics. With the increasing customer demand for high-quality products and services, companies are constantly innovating products to serve their customers in the best possible way. Moreover, electric vehicles (EVs) have gained huge popularity in the last few years. Therefore, a few of the major manufacturers in the region have started designing and manufacturing EVs on a large scale. As per Electric Vehicle Association (EVA), it has been estimated that EVs will account for more than half of the US automobile sales in 2022, which will propel the growing use of batteries. Further, high individual spending capacities have led to the exponential sales of automobiles across the region. However, increasing battery productivity will lead to the use of battery cyclers for testing, maintenance, and recycling will drive the growth of the market.

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

North America Battery Cyclers Strategic Insights

Strategic insights for the North America 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.

North America Battery Cyclers Report Scope

North America Battery Cyclers Regional Insights

The geographic scope of the North America 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.

North America Battery Cyclers Market Segmentation

The North America 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 North America 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 North America 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 US, Canada, and Mexico. US 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.