Power Tool Battery Market

The most important part of power tools is none other than battery cells. Nickel-Cadmium cells were used in the past, but after the development of Lithium-Ion cells in the 2000s, Lithium-Ion batteries have been recently used in the most cases. Lithium-Ion cells has two times more energy density than Nickel-Cadmium cells so it can make them smaller, and they have longer lifetime which gives them stable performance despite frequent charging and discharging.

Installed with Lithium-Ion battery, wireless power tools become more available and are actually being used more and more. Due to the absence of plug socket and wire, wireless power tools are much convenient giving spatial freedom of movement.

Power Tool Battery Market contains market size and forecasts of Power Tool Battery in global, including the following market information:

Global Power Tool Battery Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Power Tool Battery Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Power Tool Battery companies in 2021 (%)

The global Power Tool Battery market was valued at 3616.8 million in 2021 and is projected to reach US$ 6605.8 million by 2028, at a CAGR of 9.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Lithium-Ion Battery Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Power Tool Battery include Samsung SDI, LG Chem, Murata, TenPower, Panasonic, Tianjin Lishen Battery, BYD, Johnson Matthey Battery Systems and Toshiba and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Power Tool Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Power Tool Battery Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Tool Battery Market Segment Percentages, by Type, 2021 (%)

Lithium-Ion Battery

Ni-Cad Battery

NiMH Battery

Other

Global Power Tool Battery Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Tool Battery Market Segment Percentages, by Application, 2021 (%)

Drills/Drivers

Saws

Grinders

Rotary Hammers

Others

Global Power Tool Battery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Power Tool Battery Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Tool Battery revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Power Tool Battery revenues share in global market, 2021 (%)

Key companies Power Tool Battery sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Power Tool Battery sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Samsung SDI

LG Chem

Murata

TenPower

Panasonic

Tianjin Lishen Battery

BYD

Johnson Matthey Battery Systems

Toshiba

ALT