Power tool batteries are used to power cordless devices that are not receiving the power directly from the electric power source. These batteries are rechargeable batteries and provide better efficiency as well as runtime. There are mainly two types of battery used in battery-powered power tools: Li-ion battery and nickel battery. Nickel batteries are the oldest battery in the power tool batteries market; however, Li-ion batteries are witnessing rapid momentum and gaining the market share owing to their numerous advantages offered over nickel batteries, which is discussed in detail in the report.
Technavio’s analysts forecast the global power tool batteries market to grow at a CAGR of 8.12% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global power tool batteries market for 2017-2021. To calculate the market size, the report considers the new sales of batteries to power tools market and excludes the aftermarket.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Power Tool Batteries Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • A123 Systems • LG Chem • Panasonic Industrial Devices & Solutions • SAMSUNG SDI • Sony
Other prominent vendors • 2-Power • AEG POWERTOOLS • Bosch • BYD Company • COSLIGHT • E-ONE MOLI ENERGY • GS Yuasa International • Hitachi Power Tools • Johnson Matthey Battery Systems • MatchBox Instruments • TianJin Lishen Battery • Valence Technology
Market driver • Increase in consumer use of power tools • For a full, detailed list, view our report
Market challenge • High cost for cordless power tool equipment • For a full, detailed list, view our report
Market trend • Technological advances in power tool equipment • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Our reports have been used by over 10K customers, including:
With the Purchase of Global Garden Equipment Battery Market Report, Receive a FREE Copy of Market Impact of COVID-19 on Businesses. The global garden equipment battery market is expected to grow at a CAGR of over 8% during the period 2019–2025. Increasing landscaping activities across the world primarily drive the garden equipment...
Battery market for IoT is expected to grow at CAGR of 11.6% from 2020 to 2025 The global battery market size for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2020 to 2025. The major factors driving the growth of the market are multi-fold rise in the use...
286 pages •
By Asia Market Information & Development Company
• May 2020
China’s demand for Battery has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
200 pages •
By Asia Market Information & Development Company
• May 2020
China’s demand for Car Batteries has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Increasing usage of consumer electronics propelling the growth of the lithium-ion battery market. The global lithium-ion battery market size is expected to grow at a CAGR of 16.4% from 2020 to 2025, reaching USD 94.4 billion by 2025 from USD 44.2 billion in 2020. Consumer electronics require power sources that have high energy and power...
184 pages •
By Global Industry Analysts
• Jun 2020
Amid the COVID-19 crisis and the looming economic recession, the Chainsaws market worldwide will grow by a projected US$343.5 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.5%. Electric-Powered, one of the segments analyzed and sized in this study, is forecast to grow at over 4.5% and reach...
COVID-19 is going to affect the global cordless power tools market. A detailed analysis is included in the report. The global cordless power tools market is expected to grow at a CAGR of over 9% during the period 2019–2025. The increasing industrialization across the globe and the growing application of cordless tools in household...
The outdoor power equipment market in APAC is expected to grow from US$ 5,021.1 million in 2019 to US$ 7,400.8 million by 2027, at a CAGR of 5.1% during the forecast period. The demand for innovative solutions to tackle adverse climatic conditions and environmental pollution is growing at a faster pace across the world.The urbanization...
The outdoor power equipment market in Europe is expected to grow from US$ 6,869.1 million in 2019 to US$ 8,684.7 million by 2027, at a CAGR of 3.1% during the forecast period. Due to rising environmental concerns and increasing number of stringent government regulations related to carbon emissions, the outdoor power equipment industry...
The outdoor power equipment market in North America is expected to grow from US$ 5,021.1 million in 2019 to US$ 7,400.8 million by 2027, at a CAGR of 3.5% during the forecast period. Sustainable landscaping is a popular trend nowadays owing to the usage of environment-friendly resources and methods.In addition, the growth of global...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.