Section 01
Market Synopsis
Global Market Revenue Trajectory (USD) // 2025-2035
Global Battery Cyclers Market Revenue, 2025-2035 (USD Billion)
Base Year 2025 | CAGR 7.9% | Source: Faradex Partners, Company Filings
ⓘ Revenue estimates based on disclosed company revenue and primary panel calibration.
The global battery cyclers market size was USD 1.85 Billion in 2025 and is expected to register a revenue CAGR of 7.9% during the forecast period. Market revenue growth is supported by IEC 62619:2022, the second edition of the international lithium-ion industrial battery safety standard, which introduced a mandatory thermal runaway propagation test and a documented battery management system functional safety analysis, requiring certification labs and gigafactories to add dedicated cycler channel capacity to remain compliant. Chroma ATE, Taiwan, reported record full-year 2025 consolidated revenue of TWD 28.31 billion, up 31 percent year-on-year, attributing growth to its testing equipment business, which management said was driven substantially by AI server power, HVDC, energy storage system, and semiconductor and photonics test demand. Keysight Technologies reported that its Electronic Industrial Solutions Group, which includes its Scienlab battery cell, module, and pack test systems, generated third-quarter fiscal 2026 revenue growth reflecting demand across the semiconductor, general electronics, and automotive and energy markets. AMETEK's Electronic Instruments Group, parent of power and battery test system maker NH Research, reported fourth-quarter 2025 sales of USD 1.37 billion, up 13 percent year-on-year. These are some of the key factors driving revenue growth of the market.
Cell-level cyclers, module and pack-level testers, and formation and grading equipment integrated into gigafactory production lines are the principal commercial categories constituting the battery cyclers market, with research laboratories, quality control lines, and third-party certification bodies each requiring different channel density, voltage range, and accuracy specifications. For instance, in August 2026, Electrovaya, Canada, announced the commencement of factory acceptance testing for its automated lithium-ion cell assembly and formation equipment at its Jamestown, New York cell manufacturing facility, with company personnel working onsite alongside the equipment manufacturer during commissioning and validation. Neware, a dedicated battery testing equipment manufacturer founded in 1998, states it has supplied testing equipment to more than 43,000 customers worldwide ranging from battery manufacturers to research institutes, with testable current and voltage ranges spanning 0.1 milliamp to 2,000 amps and 20 millivolts to 2,000 volts.
However, cycler suppliers face a specification treadmill as EV and energy storage battery pack voltages rise toward 800 volts and beyond, requiring vendors to continually re-engineer power electronics for higher-voltage, higher-power test channels such as Keysight's SL1700A Scienlab pack-level series, which spans up to 1,500 volts and 300 kilowatts, rather than incrementally scaling existing cell-level platforms. Order timing concentration around large gigafactory qualification programs creates lumpy quarterly revenue recognition for suppliers, and customization overruns on large multi-channel system shipments can compress margins when project execution slips. Chroma ATE's own investor disclosures note that its testing equipment business, while broad-based, remains sensitive to capital-spending cycles in semiconductors, electric vehicles, energy storage, and power electronics, meaning a slowdown in any single end market can disproportionately affect suppliers with concentrated customer bases. These factors substantially limit battery cyclers market growth over the forecast period.
Section 02
Segment Insights
Cell-Level Cyclers and Other Revenue Share, 2025
Leading segment drives market value
Application Revenue Share, 2025
End-use distribution 2025
Cell-level cyclers segment is expected to account for a significantly large revenue share in the global battery cyclers market during the forecast period
Based on product type, the global battery cyclers market is segmented into cell-level cyclers, module-level testers, pack-level testers, formation and grading equipment, and integrated environmental/climatic test chamber systems. The cell-level cyclers segment commands the largest revenue share because every stage of battery development, from chemistry R&D through formation and mass-production quality control, requires cell-level charge/discharge cycling, and the installed base of research laboratories and university programs purchasing lower-channel-count cell cyclers is substantially larger in unit terms than the number of facilities requiring pack-level systems.
Pack-level testers segment is expected to register a rapid revenue growth rate in the global battery cyclers market over the forecast period. Rising EV and energy storage pack voltages toward and beyond 800 volts are pushing automotive OEMs and energy storage integrators to replace legacy 400-volt-class pack test benches, with Keysight noting its Electronic Industrial Solutions Group posted double-digit percentage revenue growth in the third quarter of fiscal 2026 across automotive and energy test demand. Gigafactory end-of-line pack validation requirements tied to EU Battery Regulation conformity assessment obligations are also driving pack-level cycler capacity additions at cell and pack assembly sites.
Revenue CAGR by Segment, 2026-2035 (%)
Growth rates by primary segmentation
ⓘ CAGR from primary panel and disclosed company data.
Section 03
Regional Insights
Revenue Share by Region, 2025 vs. 2035 Forecast (%)
Regional shift driven by gigafactory construction and certification demand
Gigafactory Equipment Asia Pacific — Largest Revenue Share, 2025
Based on regional analysis, the battery cyclers market in Asia Pacific accounted for the largest revenue share in 2025. China is the dominant country, hosting Neware, a dedicated battery testing equipment manufacturer founded in 1998 that states it has supplied testing equipment to more than 43,000 customers worldwide, and the largest concentration of gigafactory cell and pack production lines requiring formation, grading, and quality-control cycling capacity. Taiwan contributes through Chroma ATE, which reported record full-year 2025 consolidated revenue of TWD 28.31 billion, up 31 percent, with its testing equipment business, representing 96 percent of group revenue, cited as driven substantially by energy storage system, electric vehicle, and semiconductor and photonics test demand. South Korea and Japan host automotive OEM and cell manufacturer battery validation laboratories supporting 400-volt and 800-volt architecture qualification programs for regional and export vehicle platforms. India is an emerging market for battery testing capacity as domestic cell gigafactory investment programs move from planning toward construction and equipment commissioning.
Europe
The European battery cyclers market is expected to register rapid revenue growth over the forecast period. The EU Battery Regulation's conformity assessment requirements, which mandate documented testing of electrochemical performance, safety, and sustainability parameters before batteries can be placed on the EU market, are the primary regulatory driver of European cycler demand, alongside IEC 62619:2022 and its European counterpart EN IEC 62619:2022, which introduced a mandatory thermal runaway propagation test for industrial lithium-ion batteries. Germany hosts the largest concentration of European automotive OEM and gigafactory battery test laboratories supporting cell and pack qualification programs for domestic vehicle manufacturers. Keysight's Scienlab battery test systems, engineered in Germany, remain a preferred platform for European automotive and gigafactory pack-level validation up to 1,500 volts. Sweden, France, and the United Kingdom contribute through gigafactory investment programs requiring formation and end-of-line testing capacity as domestic cell production capacity scales.
North America
The North American battery cyclers market is expected to register rapid revenue growth, supported by the wave of gigafactory investment that followed the 2022 Inflation Reduction Act and continued domestic cell manufacturing capacity additions through 2026. The United States is the dominant North American market, with AMETEK's Electronic Instruments Group, parent of power and battery test system maker NH Research, reporting fourth-quarter 2025 sales of USD 1.37 billion, up 13 percent year-on-year. Electrovaya announced in August 2026 the commencement of factory acceptance testing for automated lithium-ion cell assembly and formation equipment at its Jamestown, New York facility, illustrating the equipment commissioning activity accompanying new domestic cell manufacturing capacity. Canada contributes through Electrovaya's Ontario operations and growing cross-border battery testing laboratory investment supporting North American automotive supply chains.
Latin America
The battery cyclers market in Latin America is expected to register limited revenue growth from a low base, with Mexico representing the primary regional market through cross-border automotive supply chain integration with the United States, requiring incoming battery pack quality-control testing capacity at assembly and distribution sites. Brazil's growing domestic EV assembly and battery pack localization programs are creating early-stage demand for cell and pack-level testing capacity, though most cycler purchases in the region remain tied to imported equipment rather than domestic manufacturing. Argentina and Chile contribute limited demand tied to lithium supply chain quality-control laboratories supporting upstream material characterization rather than finished-cell cycling.
Middle East and Africa
The battery cyclers market in the Middle East and Africa is expected to register limited revenue growth from a low base, with Gulf Cooperation Council states representing the region's most significant demand through sovereign-backed battery and energy storage manufacturing investment programs still in early planning and construction phases. South Africa hosts limited battery testing laboratory capacity supporting regional automotive and mining sector battery quality control. Most cycler equipment purchased for the region continues to be imported from Asia Pacific, European, or North American suppliers rather than manufactured domestically, and formal gigafactory-scale testing infrastructure remains at an early stage of development across the region.
Section 05
Strategic Developments
August 2026
In August 2026, Electrovaya, Canada, announced the commencement of factory acceptance testing for its automated lithium-ion cell assembly and formation equipment at its Jamestown, New York cell manufacturing facility, with approximately ten Electrovaya staff members working onsite alongside the equipment manufacturer during commissioning and validation.
August 2026
In August 2026, Keysight Technologies, United States, reported third-quarter fiscal 2026 results showing its Electronic Industrial Solutions Group generated revenue growth reflecting demand across the semiconductor, general electronics, and automotive and energy markets, which include its Scienlab battery cell, module, and pack test system product line.
February 2026
In February 2026, Chroma ATE, Taiwan, reported record full-year 2025 consolidated revenue of TWD 28.31 billion, up 31 percent year-on-year, with management citing strong demand from AI server power, HVDC, energy storage system, and semiconductor and photonics test applications as the primary growth drivers.
February 2026
In February 2026, AMETEK, United States, reported fourth-quarter 2025 Electronic Instruments Group sales of USD 1.37 billion, up 13 percent year-on-year, with the group encompassing NH Research's power and battery test system product line.
Section 06
Competitive Landscape
Competitive Positioning: Market Scale vs. Channel/Voltage Range Breadth
Bubble size represents estimated relative production and revenue scale
ⓘ Faradex qualitative indices. Source: Faradex Partners Q3 2026.
Chroma ATE
TAIWAN // Battery Cell, Module & Pack Test Systems // TWD 28.31Bn FY2025 revenue, +31% YoY
Chroma ATE is a leading global supplier of battery cell, module, and pack test systems, reporting record full-year 2025 consolidated revenue of TWD 28.31 billion, an increase of 31 percent year-on-year, with its testing equipment business representing 96 percent of group revenue. Founded in 1984 and headquartered in Taiwan, Chroma's competitive advantage rests on a broad platform spanning cell formation and grading lines, automated EV and battery test systems, and BMS functional verification equipment, combined with integrated automation and manufacturing execution system software that lets gigafactory customers connect test data directly to production quality control. Management has cited energy storage system, electric vehicle, semiconductor, and AI server power test demand as the primary drivers of its testing equipment growth through 2025 and into 2026, with quarterly results showing consolidated testing equipment sales rising for five consecutive quarters.
| Company | Country | Specialisation | Position / Scale | Faradex Assessment |
|---|
| Chroma ATE | Taiwan | Cell, module & pack battery test systems | TWD 28.31Bn FY2025 revenue, +31% | HIGH |
| Keysight Technologies | United States | Scienlab battery cell/module/pack test systems | EISG segment growth Q3 FY26 | HIGH |
| AMETEK (NH Research) | United States | Power & battery test systems | EIG USD 1.37Bn Q4 2025 sales, +13% | HIGH |
| Neware | China | Battery cyclers, cell to pack test systems | 43,000+ customers worldwide | MEDIUM-HIGH |
| Arbin Instruments | United States | Cell-level battery test systems | Established R&D and university lab base | MEDIUM |
| Maccor | United States | Cell & module battery test systems | Established R&D and gigafactory QC base | MEDIUM |
| ITECH Electronic | China | Cell-level cyclers, electronic loads | Established Asia Pacific manufacturing base | LOWER |
Chroma ATE
Keysight Technologies
AMETEK / NH Research
Neware
Arbin Instruments
Maccor
ITECH Electronic
HIOKI
Cadex Electronics
HORIBA
