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],

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.

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