Battery Cyclers Market Scope And Analysis

Battery Cyclers Market Report Scope

Battery type - Based Insights – Battery Cyclers Market

Based on battery type, the battery cyclers market is segmented into lead acid, nickel-cadmium batteries, nickel-metal hydride batteries, and lithium-ion batteries. The lithium-ion batteries segment is expected to dominate the battery cyclers market in 2022. The lithium-ion (Li-ion) batteries are used in electronics, toys, handheld power tools, wireless headphones, small and large appliances, electric vehicles, and electrical energy storage systems. Due to its high energy density, its demand in the market is increasing significantly. They are smaller and lighter than other batteries but hold the same energy, thus increasing its demand in the consumer electronics industry. These batteries are used for emergency power backup or uninterruptible power supply (UPS), thus raising its demand in the energy & power industry. They are also used in boats and yachts as they provide years of reliable motor starts and are used in surveillance or alarm systems in remote locations. All the above factors fuel the demand for lithium-ion (Li-ion) batteries, thus raising the demand for battery cyclers and in turn boosting the battery cyclers market growth.

The battery cyclers market players are mainly focused on the development of advanced and efficient systems.

• In September 2022, Chroma Systems Solutions, Inc. announced that on 18 and 19 October 2022, the company would have an opening celebration of its new facility in Austin, Texas. The company will try to meet the growing demand for battery and power conversion test equipment.
• In February 2021, HIOKI E.E. CORPORATION announced the launch of the Battery Tester BT3554-50. It streamlines lead-acid battery diagnostics with audio measurement and recording guidance.