From GlobeNewswire: 2025-05-29 09:21:00

The Battery Cyclers Market was valued at $8.46 billion in 2023 and is projected to reach $12.60 billion by 2032, growing at a CAGR of 4.53%. The rising demand is driven by sustainability and technological advancements, with key factors including energy efficiency, battery testing, and recycling programs.

The Asia-Pacific region leads the Battery Cyclers Market, accounting for 50% of global revenue in 2023. North America, particularly the U.S., is expected to be the fastest-growing region from 2024 to 2032 due to the rise in EV and ESS demand, sustainable battery recycling, and government investments in battery manufacturing.

In terms of technology, the Lithium-Ion segment held the largest market share in 2023 at approximately 54%, driven by its use in EVs, renewable energy storage, and consumer electronics. The Multi-Channel segment led the market in 2023, capturing 46% of total revenue, while the End-of-Line Testing segment dominated with a 35% revenue share.

Leading market players in the Battery Cyclers Market include Kikusui Electronics, EnerSys, Arbin Instruments, and more. Recent news includes AVL’s release of a new Cell Tester™ ECO and SemiQ shipping high-efficiency SiC MOSFET modules for EV battery cell cyclers. The market report covers market size, segment analysis, competitive landscape, and regional analysis.

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