At 4.7% CAGR, the MEA Battery Cyclers Market is projected to be worth US$ 38.17 million by 2028, says Business Market Insights 

According to Business Market Insights' research, the MEA battery cyclers market was valued at US$ 29.02 million in 2022 and is expected to reach US$ 38.17 million by 2028, registering a CAGR of 4.7% from 2022 to 2028. Increasing adoption of battery cyclers in healthcare sector and technological advancements in battery cyclers are the critical factors attributed to the market expansion. 

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 leads 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. 

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

Based on channel type, the MEA battery cyclers market is segmented into 16, 8, and 4. The 8 segment held 48.7% market share in 2022, amassing US$ 14.14 million. It is projected to garner US$ 19.29 million by 2028 to expand at 5.3% CAGR during 2022-2028. 

Based on battery type, the MEA 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 57.6% market share in 2022, amassing US$ 16.72 million. It is projected to garner US$ 23.27 million by 2028 to expand at 5.7% CAGR during 2022-2028.

Based on end user, the MEA battery cyclers market is segmented into aerospace, energy and power, automotive, consumer electronics and others. The consumer electronics segment held 25.1% market share in 2022, amassing US$ 7.30 million. It is projected to garner US$ 9.93 million by 2028 to expand at 5.3% CAGR during 2022-2028.

Based on country, the MEA battery cyclers market is segmented South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that UAE captured 34.9% market share in 2022. It was assessed at US$ 10.12 million in 2022 and is likely to hit US$ 13.99 million by 2028, exhibiting a CAGR of 5.6% during the forecast period. 

Key players dominating the MEA battery cyclers market are Arbin Instruments; BioLogic Sciences Instruments; Bitrode Corporation; Chroma Systems Solutions, Inc.; Digatron; Gamry Instruments; Hioki E.E. Corporation; PEC; and Xiamen Tmax Battery Equipments Limited among others. 

In 2021, Gamry Instruments announced that its Interface 1010E Potentiostat was awarded a SelectScience Seal of Quality Award. The company got this award for receiving consistently positive feedback from scientists. 

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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