North America Battery Cyclers Market Forecast to 2028

Report Code : BMIRE00027593 | Region : North America | Industry : Electronics and Semiconductor | Published Date : 05/Dec/2022
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)

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.

● 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. 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

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

● 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 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

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