North America Battery Cyclers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Channel Type (16, 8, and 4), Battery Type [Lead Acid, Nickel Cadmium (NiCd) Batteries, Nickel -Metal (NiMh) Batteries, and Lithium-Ion (Li-Ion) Batteries], and End User (Aerospace, Energy & Power, Automotive, Consumer Electronics, and Others)
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)
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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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Battery Cyclers Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
5. North America Battery Cyclers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Production and Use of Electric Vehicles
5.1.2 Government Initiatives for Development of Efficient Battery Cyclers
5.2 Market Restraints
5.2.1 Limited Reliability of Battery Testing
5.3 Market Opportunities
5.3.1 Technological Advancements in Battery Cyclers
5.4 Trends
5.4.1 Increasing Adoption of Battery Cyclers in Healthcare Sector
5.5 Impact Analysis of Drivers and Restraints
6. Battery Cyclers Market – North America Analysis
6.1 North America Battery Cyclers Market Overview
6.2 North America Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Battery Cyclers Market Revenue and Forecast to 2028 – Channel Type
7.1 Overview
7.2 North America Battery Cyclers Market, By Channel Type (2021 And 2028)
7.3
7.3.1 Overview
7.3.2: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
7.4 8
7.4.1 8: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
7.5 4
7.5.1 4: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8. North America Battery Cyclers Market Revenue and Forecast to 2028 – Battery Type
8.1 Overview
8.2 North America Battery Cyclers Market, By Battery Type (2021 And 2028)
8.3 Lead Acid
8.3.1 Overview
8.3.2 Lead Acid: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.4 Nickel Cadmium (NiCd) Batteries
8.4.1 Overview
8.4.2 Nickel Cadmium (NiCd) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.5 Nickel -Metal Hydride (NiMh) Batteries
8.5.1 Overview
8.5.2 Nickel -Metal Hydride (NiMh) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
8.6 Lithium-Ion (Li-Ion) Batteries
8.6.1 Overview
8.6.2 Lithium-Ion (Li-Ion) Batteries: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9. North America Battery Cyclers Market Revenue and Forecast to 2028 – End User
9.1 Overview
9.2 North America Battery Cyclers Market, By End User (2021 And 2028)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.4 Energy & Power
9.4.1 Overview
9.4.2 Energy & Power: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.6 Consumer Electronics
9.6.1 Overview
9.6.2 Consumer Electronics: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Battery Cyclers Market Revenue and Forecast To 2028 (US$ Million)
10. North America Battery Cyclers Market – Country Analysis
10.1 Overview
10.1.1 North America: Battery Cyclers Market, By Country
10.1.1.1 US: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Battery Cyclers Market, By Channel Type
10.1.1.1.2 US: Battery Cyclers Market, By Battery Type
10.1.1.1.3 US: Battery Cyclers Market, By End-User
10.1.1.2 Canada: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Battery Cyclers Market, By Channel Type
10.1.1.2.2 Canada: Battery Cyclers Market, By Battery Type
10.1.1.2.3 Canada: Battery Cyclers Market, By End-User
10.1.1.3 Mexico: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Battery Cyclers Market, By Channel Type
10.1.1.3.2 Mexico: Battery Cyclers Market, By Battery Type
10.1.1.3.3 Mexico: Battery Cyclers Market, By End-User
11. North America Battery Cyclers Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Launch
12. Company Profiles
12.1 BioLogic Sciences Instruments
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Unico, LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bitrode Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Chroma Systems Solutions, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Arbin Instruments
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 DIGATRON
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 PEC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Xiamen Tmax Battery Equipments Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Hioki E.E. Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Gamry Instruments
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. US Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Battery Cyclers Market Segmentation
Figure 2. North America Battery Cyclers Market Segmentation – By Country
Figure 3. North America Battery Cyclers Market Overview
Figure 4. North America Battery Cyclers Market, By Channel Type
Figure 5. North America Battery Cyclers Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Battery Cyclers Market – Ecosystem Analysis
Figure 8. North America Battery Cyclers Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Battery Cyclers Market, By Channel Type (2021 and 2028)
Figure 11. North America 16: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America 8: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America 4: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Battery Cyclers Market, By Battery Type (2021 and 2028)
Figure 15. North America Lead Acid: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Nickel Cadmium (NiCd) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Nickel -Metal (NiMh) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Lithium-Ion (Li-Ion) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Battery Cyclers Market, By End User (2021 and 2028)
Figure 20. North America Aerospace: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Energy & Power: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Automotive: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Consumer Electronics: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Others: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Battery Cyclers Market, by Key Country – Revenue (2021) (US$ Million)
Figure 26. North America Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
Figure 27. US: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Arbin Instruments
- BioLogic Sciences Instruments
- Bitrode Corporation
- Chroma Systems Solutions, Inc.
- Digatron
- Gamry Instruments
- Hioki E.E. Corporation
- PEC
- Unico, LLC
- Xiamen Tmax Battery Equipments Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America battery cyclers market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America battery cyclers market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the battery cyclers market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution