Asia-Pacific Battery Cyclers Market Forecast to 2028

Report Code : BMIRE00027574 | Region : Asia Pacific | Industry : Electronics and Semiconductor | Published Date : 05/Dec/2022
Asia-Pacific 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 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 APACan 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 APACan 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 APACan 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)

APAC Battery Cyclers Market Segmentation

The Asia Pacific 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.

● 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

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. APAC Battery Cyclers Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

5. APAC 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 – APAC Analysis

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

7. APAC Battery Cyclers Market Revenue and Forecast to 2028 – Channel Type

7.1 Overview

7.2 APAC 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. APAC Battery Cyclers Market Revenue and Forecast to 2028 – Battery Type

8.1 Overview

8.2 APAC 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. APAC Battery Cyclers Market Revenue and Forecast to 2028 – End User

9.1 Overview

9.2 APAC 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. APAC Battery Cyclers Market – Country Analysis

10.1 Overview

10.1.1 APAC: Battery Cyclers Market, By Country

10.1.1.1 China: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 China: Battery Cyclers Market, By Channel Type

10.1.1.1.2 China: Battery Cyclers Market, By Battery Type

10.1.1.1.3 China: Battery Cyclers Market, By End-User

10.1.1.2 India: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 India: Battery Cyclers Market, By Channel Type

10.1.1.2.2 India: Battery Cyclers Market, By Battery Type

10.1.1.2.3 India: Battery Cyclers Market, By End-User

10.1.1.3 Japan: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Japan: Battery Cyclers Market, By Channel Type

10.1.1.3.2 Japan: Battery Cyclers Market, By Battery Type

10.1.1.3.3 Japan: Battery Cyclers Market, By End-User

10.1.1.4 South Korea: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 South Korea: Battery Cyclers Market, By Channel Type

10.1.1.4.2 South Korea: Battery Cyclers Market, By Battery Type

10.1.1.4.3 South Korea: Battery Cyclers Market, By End-User

10.1.1.5 Australia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Australia: Battery Cyclers Market, By Channel Type

10.1.1.5.2 Australia: Battery Cyclers Market, By Battery Type

10.1.1.5.3 Australia: Battery Cyclers Market, By End-User

10.1.1.6 Rest of APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Battery Cyclers Market, By Channel Type

10.1.1.6.2 Rest of APAC: Battery Cyclers Market, By Battery Type

10.1.1.6.3 Rest of APAC: Battery Cyclers Market, By End-User

11. Global 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

Table 1.             APAC Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             China Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 3.             China Battery Cyclers Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 5.             India Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 6.             India Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)

Table 7.             India Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Japan Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)

Table 13.          South Korea Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Australia Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Australia Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)

Table 16.          Australia Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of APAC Battery Cyclers Market, By Channel Type– Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of APAC Battery Cyclers Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of APAC Battery Cyclers Market, By End-User – Revenue and Forecast to 2028 (US$ Million)

Table 20.          List of Abbreviation

● 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

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC 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 APAC 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 APAC 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

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