
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], a
Description
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.
Reasons to Buy
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The key findings and recommendations highlight crucial progressive industry trends in the Europe factory automation market, thereby allowing players across the value chain to develop effective long-term strategies
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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe factory automation 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 Europe factory automation 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 Europe market trends and outlook coupled with the factors driving the factory automation 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
Table of Contents
119 Pages
- 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
- LIST OF TABLES
- 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
- LIST OF FIGURES
- Figure 1. APAC Battery Cyclers Market Segmentation
- Figure 2. APAC Battery Cyclers Market Segmentation – By Country
- Figure 3. APAC Battery Cyclers Market Overview
- Figure 4. APAC Battery Cyclers Market, By Channel Type
- Figure 5. APAC Battery Cyclers Market, By Country
- Figure 6. APAC: PEST Analysis
- Figure 7. Battery Cyclers Market – Ecosystem Analysis
- Figure 8. APAC Battery Cyclers Market: Impact Analysis of Drivers and Restraints
- Figure 9. APAC Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 10. APAC Battery Cyclers Market, By Channel Type (2021 and 2028)
- Figure 11. APAC 16: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 12. APAC 8: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. APAC 4: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. APAC Battery Cyclers Market, By Battery Type (2021 and 2028)
- Figure 15. APAC Lead Acid: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. APAC Nickel Cadmium (NiCd) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. APAC Nickel -Metal (NiMh) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. APAC Lithium-Ion (Li-Ion) Batteries: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. APAC Battery Cyclers Market, By End User (2021 and 2028)
- Figure 20. APAC Aerospace: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. APAC Energy & Power: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. APAC Automotive: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. APAC Consumer Electronics: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. APAC Others: Battery Cyclers Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. APAC: Battery Cyclers Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 26. APAC: Battery Cyclers Market Revenue Share, By Country (2021 and 2028)
- Figure 27. China: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. India: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Japan: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. South Korea: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Australia: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 32. Rest of APAC: Battery Cyclers Market – Revenue and Forecast to 2028 (US$ Million)
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