조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년04월
Battery Cyclers Market – Global Forecast To 2029
배터리 사이클러 시장 : 배터리(리튬 이온, 납산, 니켈 베이스, 솔리드 스테이트), 용도(최종 제품, 연구), 기능(셀, 모듈, 팩 테스트), 산업(자동차, 가정용 전기 제품, 에너지), 지역별 – 2029년까지의 세계 예측
Battery Cyclers Market by Battery (Lithium-ion, Lead Acid, Nickel-based, Solid-State), Application (End-of-Line, Research), Function (Cell, Module, Pack Testing), Industry (Automotive, Consumer Electronics, Energy) and Region – Global Forecast to 2029
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Report Overview
The global battery cyclers market size is estimated to grow from USD 794 million in 2024 to USD 1,609 million in 2029, by a CAGR of 15.2%.
전세계 배터리 사이클러 시장 규모는 2024년 7억 9,400만 달러에서 2029년 16억 900만 달러까지 CAGR 15.2%로 성장할 것으로 추정됩니다.
Battery cyclers play a fundamental role in the field of battery technology by serving as essential equipment for testing and characterizing batteries. These sophisticated instruments are designed to simulate real-world conditions and assess battery performance, reliability, and durability across various applications. Battery cyclers work by subjecting batteries to controlled charge and discharge cycles while monitoring key parameters such as voltage, current, and temperature.
“Pack Testing by function segment is projected to grow at the highest CAGR during the forecast period.”
The pack testing function of battery cyclers involves testing battery packs in end-of-line (EOL) production to conduct a comprehensive Pass/Fail check. This testing phase includes assessing various aspects such as mechanism assembly, pressure insulation, Battery Management System (BMS) communication, internal high voltage relay parts, battery balance, and temperature distribution. By performing pack testing, manufacturers can ensure that the assembled battery packs meet quality standards, function correctly, and are safe for use in applications like electric vehicles and energy storage systems. The purpose of pack testing in battery development is to ensure that each pack subsystem, including external hardware, safety mechanisms, and BMS, performs efficiently, guaranteeing the overall functionality, safety, and performance of battery packs and modules to meet required specifications and standards for reliable operation in various applications.
“Li-ion battery type segment expected to gain the largest market share during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries’ stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“Automotive & Transportation segment expected to grow with the highest CAGR during the forecast period.”
The rising prominence of Li-ion batteries across diverse sectors, from portable electronics to electric vehicles and grid storage, emphasizes the critical importance of understanding and optimizing their performance. Within this landscape, battery cyclers emerge as indispensable tools explicitly tailored to cater to the demanding needs of Li-ion battery testing. Battery cyclers ensure safety and optimal performance by offering precise control over voltage and advanced current profiling, meticulously adhering to Li-ion batteries’ stringent charging and discharging requirements. Thus, battery cyclers emerge as catalysts in unlocking the full potential of Li-ion battery technology, propelling advancements in safety, efficiency, and durability in an era dominated by this revolutionary energy storage solution.
“The market in North America is expected to grow at a significant CAGR during the forecast period.”
Battery cyclers play a crucial role in the application of automotive and transportation sectors. These cyclers are utilized for testing and evaluating batteries, especially in the context of electric vehicles (EVs) and hybrid electric vehicles (HEVs). In the automotive industry, battery cyclers are essential for assessing the performance, durability, and reliability of batteries used in electric mobility. They are instrumental in simulating real-world conditions to ensure that batteries meet the stringent requirements of the automotive sector, such as vibration resistance, temperature range, and longevity.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
- By Designation: C-level Executives – 48%, Directors – 33%, and Others – 19%
- By Region: North America – 30%, Europe – 25%, Asia Pacific – 33%, and RoW – 12%
Major players profiled in this report are as follows: AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US), Unico, LLC (US), Bitrode Corp. (US), Greenlight Innovation Corp. (Canada), AVL (Austria), NATIONAL INSTRUMENTS CORP. (US) and others.
Research Coverage
The battery cyclers market is divided into various applications, which are research and end-of-line. Further, the equipment is categorized by its function, which includes cell testing, module testing, and pack testing. The battery cyclers being used for batteries have been divided by battery types, which include lithium-ion, lead acid, nickel-based batteries, and other emrging technologies. Further, the market has been categorized by industry used, which includes automotive & transportation, consumer electronics, energy & utility, industrial, education & research, and other industries. Furthermore, regions such as North America, Europe, Asia Pacific, and RoW have been covered in the report.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of critical drivers ( Increased demand for renewable energy, Integration of EIS capabilities to drive the adoption and increasing number of gigafactories worldwide), restraints ( High initial investment and setup costs), opportunities ( emerging EV industry, and evolving battery technologies in the market) and challenges (Availability of alternative testing methods and equipment) influencing the growth of the battery cyclers market.
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the battery cyclers market
Market Development: Comprehensive information about lucrative markets – the report analyses the battery cyclers market across regions such as North America, Europe, Asia Pacific, and RoW.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the battery cyclers market
Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US) and among others in the battery cyclers market
Strategies: The report also helps stakeholders understand the pulse of the battery cyclers market and provides information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 BATTERY CYCLERS MARKET SEGMENTATION 30
1.3.2 REGIONAL SCOPE 30
1.3.3 YEARS CONSIDERED 31
1.3.4 INCLUSIONS AND EXCLUSIONS 31
1.4 CURRENCY CONSIDERED 32
1.5 LIMITATIONS 32
1.6 UNITS CONSIDERED 32
1.7 STAKEHOLDERS 32
1.8 IMPACT OF RECESSION 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH APPROACH 34
FIGURE 2 BATTERY CYCLERS MARKET: RESEARCH DESIGN 34
2.1.1 PRIMARY AND SECONDARY RESEARCH 34
FIGURE 3 BATTERY CYCLERS MARKET: RESEARCH APPROACH 35
2.1.2 SECONDARY DATA 36
2.1.2.1 List of major secondary sources 36
2.1.2.2 Key data from secondary sources 37
2.1.3 PRIMARY DATA 37
2.1.3.1 Intended participants and opinion leaders in primary interviews 38
2.1.3.2 List of key participants in primary interviews 38
2.1.3.3 Key data from primary sources 38
2.1.3.4 Key industry insights 39
2.1.3.5 Breakdown of primaries 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 40
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 40
FIGURE 4 BATTERY CYCLERS MARKET: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach to estimate market size using top-down analysis (supply side) 41
FIGURE 5 BATTERY CYCLERS MARKET: TOP-DOWN APPROACH 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 42
2.3 DATA TRIANGULATION 43
FIGURE 7 MARKET BREAKDOWN AND DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
FIGURE 8 RESEARCH ASSUMPTIONS 44
2.5 RESEARCH LIMITATIONS 44
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON BATTERY CYCLERS MARKET 45
2.7 RISK ASSESSMENT 45
3 EXECUTIVE SUMMARY 46
FIGURE 9 BATTERY CYCLERS MARKET, 2020–2029 (USD MILLION) 46
FIGURE 10 LITHIUM-ION BATTERIES TO LEAD BATTERY CYCLERS MARKET FROM 2024 TO 2029 47
FIGURE 11 END-OF-LINE SEGMENT TO DOMINATE BATTERY CYCLERS MARKET, BY APPLICATION, DURING FORECAST PERIOD 48
FIGURE 12 AUTOMOTIVE & TRANSPORTATION VERTICAL TO RECORD HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD 48
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY CYCLERS MARKET 50
FIGURE 14 INCREASING NUMBER OF BATTERY GIGAFACTORIES TO DRIVE MARKET GROWTH 50
4.2 BATTERY CYCLERS MARKET, BY FUNCTION 50
FIGURE 15 PACK TESTING FUNCTION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 50
4.3 BATTERY CYCLERS MARKET, BY BATTERY TYPE 51
FIGURE 16 LITHIUM-ION BATTERIES TO HOLD LARGEST MARKET SHARE IN 2029 51
4.4 BATTERY CYCLERS MARKET, BY VERTICAL 51
FIGURE 17 AUTOMOTIVE & TRANSPORTATION VERTICAL TO CAPTURE LARGEST MARKET SHARE IN 2029 51
4.5 BATTERY CYCLERS MARKET IN NORTH AMERICA, BY VERTICAL AND COUNTRY 52
FIGURE 18 AUTOMOTIVE & TRANSPORTATION SEGMENT AND US TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2029 52
4.6 BATTERY CYCLERS MARKET, BY COUNTRY 52
FIGURE 19 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET FROM 2024 TO 2029 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 20 BATTERY CYCLERS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Rising demand for renewable energy 54
5.2.1.2 Integration of EIS into battery cyclers 54
5.2.1.3 Increasing number of gigafactories worldwide 55
TABLE 1 UPCOMING BATTERY PRODUCTION FACTORIES, BY COMPANY AND COUNTRY 55
FIGURE 21 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF DRIVERS 56
5.2.2 RESTRAINTS 56
5.2.2.1 High initial investment and setup costs 56
FIGURE 22 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF RESTRAINTS 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Booming electric vehicle industry 57
FIGURE 23 GLOBAL EV CAR STOCK, 2018–2023 (MILLION UNITS) 58
5.2.3.2 Emergence of newer battery technologies 58
FIGURE 24 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 59
5.2.4 CHALLENGES 59
5.2.4.1 Availability of alternative testing methods and equipment 59
FIGURE 25 BATTERY CYCLERS MARKET: IMPACT ANALYSIS OF CHALLENGES 60
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
FIGURE 26 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 60
5.4 SUPPLY CHAIN ANALYSIS 61
FIGURE 27 BATTERY CYCLERS MARKET: SUPPLY CHAIN ANALYSIS 61
5.5 ECOSYSTEM ANALYSIS 63
FIGURE 28 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS 64
FIGURE 29 BATTERY CYCLERS MARKET: ECOSYSTEM ANALYSIS 65
TABLE 2 PARTICIPANTS IN BATTERY CYCLERS ECOSYSTEM 66
5.6 INVESTMENT AND FUNDING SCENARIO 67
FIGURE 30 INVESTMENT AND FUNDING SCENARIO 67
5.7 TECHNOLOGY ANALYSIS 67
5.7.1 KEY TECHNOLOGIES 67
5.7.1.1 Electrochemical impedance spectroscopy 67
5.7.2 COMPLEMENTARY TECHNOLOGIES 68
5.7.2.1 Data analytics 68
5.7.3 ADJACENT TECHNOLOGIES 68
5.7.3.1 Wi-Fi and Bluetooth connectivity 68
5.7.4 EMERGING BATTERY TECHNOLOGIES 68
5.7.4.1 Lithium-sulfur batteries 68
5.7.4.2 Lithium-silicon batteries 69
5.7.4.3 Zinc-manganese batteries 69
5.7.4.4 Sodium-sulfur batteries 69
5.7.4.5 Solid-state batteries 69
5.7.4.6 Metal-air batteries 69
5.8 PATENT ANALYSIS 70
FIGURE 31 BATTERY CYCLERS MARKET, PATENT ANALYSIS 70
TABLE 3 BATTERY CYCLERS MARKET: LIST OF PATENTS, 2022–2023 71
5.9 TRADE ANALYSIS 72
5.9.1 IMPORT SCENARIO (HS CODE 850650) 72
FIGURE 32 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 72
5.9.2 EXPORT SCENARIO (HS CODE 850650) 72
FIGURE 33 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 72
5.10 KEY CONFERENCES AND EVENTS, 2024–2025 73
TABLE 4 BATTERY CYCLERS MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025 73
5.11 CASE STUDY ANALYSIS 74
5.11.1 CHROMA ADDRESSED BMW’S EV BATTERY TESTING CHALLENGES USING ITS REGENERATIVE BATTERY PACK TEST SYSTEM 74
5.11.2 UNICO TESTED POWERTRAIN AND ENERGY STORAGE SYSTEMS DESIGNED FOR MOTORSPORT APPLICATIONS USING BATTERY CYCLERS 74
5.11.3 AMBRI ADOPTED ARBIN’S BATTERY CYCLERS TO TEST ITS LIQUID METAL BATTERIES DESIGNED FOR ELECTRIC GRID AND DATA CENTER APPLICATIONS 75
5.12 REGULATORY LANDSCAPE 75
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 8 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.12.2 STANDARDS 78
TABLE 9 STATUTORY REGULATIONS AND STANDARDS RELATED TO BATTERY CYCLERS 78
5.13 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 34 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS 80
TABLE 10 BATTERY CYCLERS MARKET: PORTER’S FIVE FORCES ANALYSIS 80
5.13.1 BARGAINING POWER OF SUPPLIERS 81
5.13.2 BARGAINING POWER OF BUYERS 81
5.13.3 THREAT OF NEW ENTRANTS 81
5.13.4 THREAT OF SUBSTITUTES 81
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 81
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 82
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 82
FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS 82
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%) 82
5.14.2 BUYING CRITERIA 83
FIGURE 36 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 83
TABLE 12 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 83
5.15 PRICING ANALYSIS 83
5.15.1 INDICATIVE PRICING TREND, BY FUNCTION 84
TABLE 13 INDICATIVE PRICING TREND, BY FUNCTION 84
FIGURE 37 INDICATIVE PRICING TREND OF BATTERY CYCLERS, 2020–2023 (USD) 84
TABLE 14 INDICATIVE PRICING TREND OF KEY PLAYERS,BY FUNCTION 85
FIGURE 38 INDICATIVE PRICING TREND OF BATTERY CYCLERS PROVIDED BY KEY PLAYERS FOR PACK TESTING (USD) 85
5.15.2 INDICATIVE PRICING TREND, BY REGION 85
TABLE 15 INDICATIVE PRICING TREND OF PACK BATTERY CYCLERS, BY REGION 85
FIGURE 39 AVERAGE SELLING PRICE TREND OF BATTERY CYCLERS, BY REGION, 2020–2023, (USD) 86
6 COMPONENTS OF BATTERY CYCLERS 87
6.1 INTRODUCTION 87
FIGURE 40 COMPONENTS OF BATTERY CYCLERS 87
6.2 HARDWARE 87
6.3 SOFTWARE 88
7 BATTERY CYCLERS MARKET, BY FUNCTION 89
7.1 INTRODUCTION 90
FIGURE 41 BATTERY CYCLERS MARKET, BY FUNCTION 90
FIGURE 42 PACK TESTING TO ACCOUNT FOR LARGEST SHARE OF BATTERY CYCLERS MARKET DURING FORECAST PERIOD 90
TABLE 16 BATTERY CYCLERS MARKET, BY FUNCTION, 2020–2023 (USD MILLION) 91
TABLE 17 BATTERY CYCLERS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 91
TABLE 18 BATTERY CYCLERS MARKET, 2020–2023 (THOUSAND UNITS) 91
TABLE 19 BATTERY CYCLERS MARKET, 2024–2029 (THOUSAND UNITS) 91
7.2 CELL TESTING 92
7.2.1 GROWING DEMAND FROM RESEARCH AND LABORATORIES TO STIMULATE SEGMENTAL GROWTH 92
7.3 MODULE TESTING 92
7.3.1 NEED TO ASSESS INTERACTION OF BATTERY CELLS WITHIN MODULE STRUCTURE FOR SAFETY TO DRIVE MARKET 92
7.4 PACK TESTING 93
7.4.1 STRINGENT QUALITY AND SAFETY STANDARDS TO BOOST DEMAND FOR BATTERY CYCLERS IN PACK TESTING 93
8 BATTERY CYCLERS MARKET, BY BATTERY TYPE 94
8.1 INTRODUCTION 95
FIGURE 43 BATTERY CYCLERS MARKET, BY BATTERY TYPE 95
FIGURE 44 LITHIUM-ION SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD 95
TABLE 20 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 95
TABLE 21 BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 96
8.2 LITHIUM-ION 96
8.2.1 PRECISE VOLTAGE CONTROL AND ADVANCED CURRENT PROFILING FEATURES OF BATTERY CYCLERS TO INCREASE DEMAND FOR TESTING LI-ION BATTERIES 96
TABLE 22 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 97
TABLE 23 LITHIUM-ION: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 97
TABLE 24 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 97
TABLE 25 LITHIUM-ION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 98
8.3 LEAD-ACID 98
8.3.1 SIGNIFICANT DEPLOYMENT OF LEAD-ACID BATTERIES IN MODERN AUTOMOBILES TO PROPEL BATTERY CYCLER DEMAND FOR QUALITY INSPECTION 98
TABLE 26 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 99
TABLE 27 LEAD-ACID: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 99
TABLE 28 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 29 LEAD-ACID: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 100
8.4 NICKEL-BASED 100
8.4.1 STRONG FOCUS ON ENHANCING SAFETY AND PERFORMANCE OF NICKEL-BASED BATTERIES TO BOOST DEMAND FOR BATTERY CYCLERS 100
TABLE 30 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 101
TABLE 31 NICKEL-BASED: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 101
TABLE 32 NICKEL-BASED: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 101
TABLE 33 NICKEL-BASED BATTERIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 102
8.5 OTHER BATTERY TYPES 102
TABLE 34 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 103
TABLE 35 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 103
TABLE 36 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 103
TABLE 37 OTHER BATTERY TYPES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 104
9 BATTERY CYCLERS MARKET, BY APPLICATION 105
9.1 INTRODUCTION 106
FIGURE 45 BATTERY CYCLERS, BY APPLICATION 106
FIGURE 46 END-OF-LINE SEGMENT TO LEAD BATTERY CYCLERS MARKET THROUGHOUT FORECAST PERIOD 106
TABLE 38 BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 107
TABLE 39 BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 107
9.2 RESEARCH 107
9.2.1 USE OF BATTERY CYCLERS TO EVALUATE NEW BATTERY TECHNOLOGIES TO BOOST SEGMENTAL GROWTH 107
9.3 END-OF-LINE 108
9.3.1 ADOPTION OF BATTERY CYCLERS TO ENSURE FINAL QUALITY CHECK DURING PRODUCTION PROCESSES TO FUEL SEGMENTAL GROWTH 108
10 BATTERY CYCLERS MARKET, BY VERTICAL 109
10.1 INTRODUCTION 110
FIGURE 47 BATTERY CYCLERS MARKET, BY VERTICAL 110
FIGURE 48 AUTOMOTIVE & TRANSPORTATION SEGMENT TO EXHIBIT HIGHEST CAGR IN BATTERY CYCLERS MARKET DURING FORECAST PERIOD 110
TABLE 40 BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 111
TABLE 41 BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 111
10.2 AUTOMOTIVE & TRANSPORTATION 111
10.2.1 RISING DEMAND FOR ELECTRIC AND HYBRID ELECTRIC VEHICLES TO DRIVE MARKET 111
TABLE 42 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 112
TABLE 43 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 112
TABLE 44 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 112
TABLE 45 AUTOMOTIVE & TRANSPORTATION: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 113
10.3 CONSUMER ELECTRONICS 113
10.3.1 SURGING NEED FOR RELIABLE AND DURABLE BATTERIES FOR LAPTOPS AND SMARTPHONES TO FUEL MARKET GROWTH 113
TABLE 46 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 113
TABLE 47 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 114
TABLE 48 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 114
TABLE 49 CONSUMER ELECTRONICS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 114
10.4 ENERGY & UTILITIES 115
10.4.1 NEED TO EVALUATE BATTERY LIFESPAN FOR LARGE-SCALE GRID APPLICATIONS TO ACCELERATE DEMAND FOR BATTERY CYCLERS 115
TABLE 50 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 115
TABLE 51 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 115
TABLE 52 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 53 ENERGY & UTILITIES: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 116
10.5 INDUSTRIAL 116
10.5.1 GROWING DEMAND FOR BATTERIES MEETING REQUIRED INDUSTRIAL SPECIFICATIONS AND STANDARDS TO DRIVE MARKET 116
TABLE 54 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 117
TABLE 55 INDUSTRIAL: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 117
TABLE 56 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 117
TABLE 57 INDUSTRIAL: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 118
10.6 EDUCATION & RESEARCH 118
10.6.1 ABILITY OF BATTERY CYCLERS TO ANALYZE BATTERY CHEMISTRIES AND CHARACTERISTICS TO BOOST DEMAND 118
TABLE 58 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 118
TABLE 59 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 119
TABLE 60 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 61 EDUCATION & RESEARCH: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 119
10.7 OTHER VERTICALS 120
TABLE 62 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 120
TABLE 63 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 120
TABLE 64 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 121
TABLE 65 OTHER VERTICALS: BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 121
11 BATTERY CYCLERS MARKET, BY REGION 122
11.1 INTRODUCTION 123
FIGURE 49 BATTERY CYCLERS MARKET, BY REGION 123
FIGURE 50 CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL BATTERY CYCLERS MARKET DURING FORECAST PERIOD 124
TABLE 66 BATTERY CYCLERS MARKET, BY REGION, 2020–2023 (USD MILLION) 124
TABLE 67 BATTERY CYCLERS MARKET, BY REGION, 2024–2029 (USD MILLION) 124
11.2 NORTH AMERICA 125
11.2.1 NORTH AMERICA: RECESSION IMPACT 125
FIGURE 51 NORTH AMERICA: SNAPSHOT OF BATTERY CYCLERS MARKET 126
FIGURE 52 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD 126
TABLE 68 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 127
TABLE 69 NORTH AMERICA: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 127
TABLE 70 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 127
TABLE 71 NORTH AMERICA: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 127
TABLE 72 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 128
TABLE 73 NORTH AMERICA: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 128
TABLE 74 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 128
TABLE 75 NORTH AMERICA: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 129
11.2.2 US 129
11.2.2.1 Increasing demand for Li-ion batteries with growing EV adoption to drive market 129
11.2.3 CANADA 130
11.2.3.1 Easy access to raw materials required to manufacture batteries to fuel market growth 130
11.2.4 MEXICO 130
11.2.4.1 Increasing investment in Li-ion battery manufacturing to drive market 130
11.3 EUROPE 131
11.3.1 EUROPE: RECESSION IMPACT 131
FIGURE 53 EUROPE: SNAPSHOT OF BATTERY CYCLERS MARKET 132
FIGURE 54 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN BATTERY CYCLERS MARKET DURING FORECAST PERIOD 133
TABLE 76 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 133
TABLE 77 EUROPE: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 133
TABLE 78 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 134
TABLE 79 EUROPE: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 134
TABLE 80 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 134
TABLE 81 EUROPE: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 134
TABLE 82 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 135
TABLE 83 EUROPE: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 135
11.3.2 GERMANY 135
11.3.2.1 Prominent presence of key automakers to boost demand 135
11.3.3 UK 136
11.3.3.1 Rising investment in developing advanced battery solutions to create opportunities 136
11.3.4 FRANCE 136
11.3.4.1 Strategic focus on developing lithium industry to meet rising demand for EV batteries to foster market growth 136
11.3.5 REST OF EUROPE 136
11.4 ASIA PACIFIC 137
11.4.1 ASIA PACIFIC: RECESSION IMPACT 137
FIGURE 55 ASIA PACIFIC: SNAPSHOT OF BATTERY CYCLERS MARKET 138
FIGURE 56 CHINA TO DOMINATE BATTERY CYCLERS MARKET IN ASIA PACIFIC DURING FORECAST PERIOD 139
TABLE 84 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 139
TABLE 85 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 139
TABLE 86 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 140
TABLE 87 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 140
TABLE 88 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 140
TABLE 89 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 140
TABLE 90 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 141
TABLE 91 ASIA PACIFIC: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 141
11.4.2 CHINA 141
11.4.2.1 Increasing number of battery gigafactories to accelerate market growth 141
11.4.3 JAPAN 142
11.4.3.1 Rising investment in EV manufacturing to fuel market growth 142
11.4.4 SOUTH KOREA 142
11.4.4.1 Government-led subsidies for EV battery manufacturers and users to stimulate market growth 142
11.4.5 INDIA 142
11.4.5.1 Government initiatives to expand battery manufacturing capacity to drive market 142
11.4.6 REST OF ASIA PACIFIC 143
11.5 ROW 143
11.5.1 ROW: RECESSION IMPACT 143
FIGURE 57 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN BATTERY CYCLERS MARKET IN ROW DURING FORECAST PERIOD 144
TABLE 92 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2020–2023 (USD MILLION) 144
TABLE 93 ROW: BATTERY CYCLERS MARKET, BY GEOGRAPHY, 2024–2029 (USD MILLION) 145
TABLE 94 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 145
TABLE 95 ROW: BATTERY CYCLERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 145
TABLE 96 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2020–2023 (USD MILLION) 145
TABLE 97 ROW: BATTERY CYCLERS MARKET, BY BATTERY TYPE, 2024–2029 (USD MILLION) 146
TABLE 98 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 146
TABLE 99 ROW: BATTERY CYCLERS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 146
11.5.2 GCC COUNTRIES 147
11.5.2.1 Increased demand for EVs to boost market growth 147
11.5.3 AFRICA 147
11.5.3.1 Abundance of lithium reserves to stimulate market growth 147
11.5.4 SOUTH AMERICA 147
11.5.4.1 Growing focus on Li-ion battery production to bolster demand 147
11.5.5 REST OF MIDDLE EAST 148
12 COMPETITIVE LANDSCAPE 149
12.1 INTRODUCTION 149
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023 149
TABLE 100 BATTERY CYCLERS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023 149
12.3 REVENUE ANALYSIS, 2018–2022 152
FIGURE 58 BATTERY CYCLERS MARKET, REVENUE ANALYSIS OF TOP PLAYERS, 2018–2022 152
12.4 MARKET SHARE ANALYSIS, 2023 153
FIGURE 59 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023 153
TABLE 101 BATTERY CYCLERS MARKET SHARE ANALYSIS, 2023 153
12.5 COMPANY VALUATION AND FINANCIAL METRICS 155
FIGURE 60 COMPANY VALUATION (USD BILLION), 2023 155
FIGURE 61 FINANCIAL METRICS (EV/EBITDA), 2023 156
12.6 BRAND/PRODUCT COMPARISON 156
FIGURE 62 BATTERY CYCLERS MARKET: BRAND/PRODUCT COMPARISON 156
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 157
12.7.1 STARS 157
12.7.2 EMERGING LEADERS 157
12.7.3 PERVASIVE PLAYERS 157
12.7.4 PARTICIPANTS 157
FIGURE 63 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 158
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 159
12.7.5.1 Company footprint 159
FIGURE 64 BATTERY CYCLERS MARKET: COMPANY FOOTPRINT 159
12.7.5.2 Function footprint 160
TABLE 102 BATTERY CYCLERS MARKET: FUNCTION FOOTPRINT 160
12.7.5.3 Application footprint 161
TABLE 103 BATTERY CYCLERS MARKET: APPLICATION FOOTPRINT 161
12.7.5.4 Battery type footprint 162
TABLE 104 BATTERY CYCLERS MARKET: BATTERY TYPE FOOTPRINT 162
12.7.5.5 Vertical footprint 163
TABLE 105 BATTERY CYCLERS MARKET: VERTICAL FOOTPRINT 163
12.7.5.6 Region footprint 164
TABLE 106 BATTERY CYCLERS MARKET: REGION FOOTPRINT 164
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 165
12.8.1 PROGRESSIVE COMPANIES 165
12.8.2 RESPONSIVE COMPANIES 165
12.8.3 DYNAMIC COMPANIES 165
12.8.4 STARTING BLOCKS 165
FIGURE 65 BATTERY CYCLERS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 166
12.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023 167
12.8.5.1 Detailed list of key startups/SMEs 167
TABLE 107 BATTERY CYCLERS MARKET: LIST OF KEY STARTUPS/SMES 167
12.8.5.2 Competitive benchmarking of key startups/SMEs 168
TABLE 108 BATTERY CYCLERS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 168
12.9 COMPETITIVE SCENARIO AND TRENDS 169
12.9.1 PRODUCT LAUNCHES 169
TABLE 109 BATTERY CYCLERS MARKET: PRODUCT LAUNCHES, JANUARY 2020−DECEMBER 2023 169
12.9.2 DEALS 170
TABLE 110 BATTERY CYCLERS MARKET: DEALS, JANUARY 2020−DECEMBER 2023 170
12.9.3 OTHERS 171
TABLE 111 BATTERY CYCLERS MARKET: OTHERS, JANUARY 2020−DECEMBER 2023 171
13 COMPANY PROFILES 172
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 172
13.1.1 AMETEK, INC. 172
TABLE 112 AMETEK, INC.: COMPANY OVERVIEW 172
FIGURE 66 AMETEK, INC.: COMPANY SNAPSHOT 173
TABLE 113 AMETEK, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 114 AMETEK, INC.: PRODUCT LAUNCHES, 2020–2023 174
13.1.2 BIOLOGIC 175
TABLE 115 BIOLOGIC: COMPANY OVERVIEW 175
TABLE 116 BIOLOGIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175
13.1.3 CHROMA ATE INC. 177
TABLE 117 CHROMA ATE INC.: COMPANY OVERVIEW 177
FIGURE 67 CHROMA ATE INC.: COMPANY SNAPSHOT 178
TABLE 118 CHROMA ATE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
13.1.4 ARBIN INSTRUMENTS 180
TABLE 119 ARBIN INSTRUMENTS: COMPANY OVERVIEW 180
TABLE 120 ARBIN INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
TABLE 121 ARBIN INSTRUMENTS: DEALS, 2020–2023 181
13.1.5 DIGATRON 182
TABLE 122 DIGATRON: COMPANY OVERVIEW 182
TABLE 123 DIGATRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 182
TABLE 124 DIGATRON: DEALS, 2020–2023 183
13.1.6 AVL 185
TABLE 125 AVL: COMPANY OVERVIEW 185
TABLE 126 AVL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 127 AVL: OTHERS, 2020–2023 186
13.1.7 BITRODE CORP. 187
TABLE 128 BITRODE CORP.: COMPANY OVERVIEW 187
TABLE 129 BITRODE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 130 BITRODE CORP.: PRODUCT LAUNCHES, 2020–2023 188
TABLE 131 BITRODE CORP.: DEALS, 2020–2023 188
13.1.8 GREENLIGHT INNOVATION CORP. 189
TABLE 132 GREENLIGHT INNOVATION CORP.: COMPANY OVERVIEW 189
TABLE 133 GREENLIGHT INNOVATION CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 189
TABLE 134 GREENLIGHT INNOVATION CORP.: OTHERS, 2020–2023 190
13.1.9 NATIONAL INSTRUMENTS CORP. 191
TABLE 135 NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW 191
TABLE 136 NATIONAL INSTRUMENTS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
TABLE 137 NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES, 2020–2023 192
TABLE 138 NATIONAL INSTRUMENTS CORP.: DEALS, 2020–2023 193
13.1.10 MACCOR, INC. 194
TABLE 139 MACCOR, INC.: COMPANY OVERVIEW 194
TABLE 140 MACCOR, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
13.1.11 NEWARE 195
TABLE 141 NEWARE: COMPANY OVERVIEW 195
TABLE 142 NEWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
13.1.12 UNICO, LLC. 196
TABLE 143 UNICO, LLC.: COMPANY OVERVIEW 196
TABLE 144 UNICO, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
13.2 OTHER PLAYERS 197
13.2.1 ADMIRAL INSTRUMENTS 197
13.2.2 BATTERY ASSOCIATES 198
13.2.3 GUANGDONG HYNN TECHNOLOGY CO., LTD. 199
13.2.4 IVIUM TECHNOLOGIES B.V. 200
13.2.5 MAK 201
13.2.6 MATSUSADA PRECISION INC. 202
13.2.7 NEBULA 203
13.2.8 PEC 204
13.2.9 REXGEAR 204
13.2.10 XIAMEN AOT ELECTRONICS TECHNOLOGY CO., LTD. 205
13.2.11 XIAMEN ACEY NEW ENERGY TECHNOLOGY CO., LTD. 206
13.2.12 XIAMEN LITH MACHINE LIMITED 206
13.2.13 XIAMEN WINACK BATTERY TECHNOLOGY CO., LTD. 207
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELEVANT MARKETS 208
14.1 INTRODUCTION 208
14.2 NORTH AMERICA 208
TABLE 145 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 208
TABLE 146 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 209
TABLE 147 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION) 209
TABLE 148 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION) 209
14.2.1 US 209
14.2.1.1 Adoption of nanotechnology-based medical devices and electric vehicles to contribute to market growth 209
14.2.2 CANADA 210
14.2.2.1 Government-led initiatives to increase use of low-emission vehicles to drive market 210
14.2.3 MEXICO 210
14.2.3.1 Rising focus on increasing battery and EV production to drive market 210
15 APPENDIX 211
15.1 INSIGHTS FROM INDUSTRY EXPERTS 211
15.2 DISCUSSION GUIDE 212
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 215
15.4 CUSTOMIZATION OPTIONS 217
15.5 RELATED REPORTS 217
15.6 AUTHOR DETAILS 218
