At 8.2% CAGR, the APAC Battery Cyclers Market is projected to be worth US$ 91.79 million by 2028, says Business Market Insights 

According to Business Market Insights' research, the APAC battery cyclers market was valued at US$ 57.29 million in 2022 and is expected to reach US$ 91.79 million by 2028, registering a CAGR of 8.2% from 2022 to 2028. Technological advancements in battery cyclers and increasing adoption of battery cyclers in healthcare sector are the critical factors attributed to the market expansion. 

Industries are employing new technologies and using different raw materials to develop new battery cyclers with improved performance and durability. The battery is a significant component in automobiles, consumer electronics, and aerospace and healthcare devices, among others. Most electric vehicles use either a lithium-ion family battery or a lead-acid battery. New developments in battery chemistry are expected to help increase the efficiency of lithium-ion batteries and test systems for these innovative battery packs. Similarly, researchers are integrating advanced battery materials into whole battery systems to develop better lithium-ion batteries for plug-in electric vehicles, alongside applying extensive battery research findings. Many battery manufacturers focus on advanced battery development, system analysis, and testing activities for developing battery cells and modules that result in significantly lower battery cost, longer life, and better performance. Further, research is underway to increase the range of battery cyclers and reduce costs. Various OEMs have started offering electric vehicles with more than 300-350 km range and long battery lives. The researchers focus on conventional lithium-ion, solid-state, advanced lithium-ion batteries using an intermetallic anode (silicon alloy composite), and advanced lithium-ion (lithium metal, including lithium-sulfur and lithium-cobalt) batteries with innovative designs and chemistries. Such rapid developments in battery technologies are expected to bolster the demand for new and advanced battery testing systems/platforms/software, thereby driving the battery cyclers market, in the coming years. 

On the contrary, limited reliability of battery testing hurdles the growth of APAC battery cyclers market. 

Based on channel type, the APAC battery cyclers market is segmented into 16, 8, and 4. The 8 segment held 46.3% market share in 2022, amassing US$ 26.51 million. It is projected to garner US$ 44.30 million by 2028 to expand at 8.9% CAGR during 2022-2028. 

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 held 56.5% market share in 2022, amassing US$ 32.36 million. It is projected to garner US$ 55.70 million by 2028 to expand at 9.5% CAGR during 2022-2028.

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 held 26.8% market share in 2022, amassing US$ 15.33 million. It is projected to garner US$ 25.87 million by 2028 to expand at 9.1% CAGR during 2022-2028.

Based on country, the APAC battery cyclers market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. Our regional analysis states that China captured 36.6% market share in 2022. It was assessed at US$ 20.96 million in 2022 and is likely to hit US$ 35.80 million by 2028, exhibiting a CAGR of 9.3% during the forecast period. 

Key players dominating the APAC battery cyclers market are 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 among others. 

In 2022, Ambri selected Arbin Instruments for expansion of its Next Generation Development Lab. Under this agreement, Arbin Instruments will supply its Laboratory Battering Testing (LBT) series hardware, that provides high-precision measurements and high-frequency data sampling. Also, this battery test equipment will provide the control which is needed for the real-world tests. 

In 2020, Midtronics Inc. had announced its DSS-5000 HD battery diagnostic service system is available for commercial truck and fleet applications. The patented technology is designed to provide accurate and decisive battery state of health information. 

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