At 5.5% CAGR, the Europe Battery Cyclers Market is projected to be worth US$ 62.18million by 2028, says Business Market Insights 

According to Business Market Insights' research, the Europe battery cyclers market was valued at US$ 45.08 million in 2022 and is expected to reach US$ 62.18 million by 2028, registering a CAGR of 5.5% from 2022 to 2028. Government initiatives for development of efficient battery cyclers and increasing production and use of electric vehicles are the critical factors attributed to the market expansion. 

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. 

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

Based on channel type, the Europe battery cyclers market is segmented into 16, 8, and 4. The 8 segment held 48.4% market share in 2022, amassing US$ 21.83 million. It is projected to garner US$ 31.46 million by 2028 to expand at 6.3% CAGR during 2022-2028. 

Based on battery type, the Europe 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 58.1% market share in 2022, amassing US$ 26.20 million. It is projected to garner US$ 38.69 million by 2028 to expand at 6.7% CAGR during 2022-2028.

Based on end user, the Europe battery cyclers market is segmented into aerospace, energy and power, automotive, consumer electronics and others. The consumer electronics segment held 25.8% market share in 2022, amassing US$ 11.63 million. It is projected to garner US$ 15.76 million by 2028 to expand at 5.2% CAGR during 2022-2028.

Based on country, the Europe battery cyclers market is segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 22.2% market share in 2022. It was assessed at US$ 10.02 million in 2022 and is likely to hit US$ 13.90 million by 2028, exhibiting a CAGR of 5.6% during the forecast period. 

Key players dominating the Europe 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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