Briefly describe the development prospects of lithium batteries in the field of power tools

According to relevant data on the development prospects of lithium batteries in the field of power tools, the market space of cordless power tools in 2017 exceeded 15 billion U.S. dollars (about 101.7 billion yuan). According to CAGR 6.6%, the market space of cordless power tools will exceed 18 billion in 2020. US dollars (approximately RMB 122 billion). The use of lithium batteries in power tools has grown from 3 strings to 8-10 strings, and the number of uses has increased exponentially. Therefore, there is a huge potential for the rise of the power tool lithium battery market in the future. At present, the domestic market for domestically produced cordless power tools accounts for about 1/3. Domestic manufacturers dominate the use of lithium batteries, but they still account for less than 30% of the global market, and the penetration rate is relatively slow. As the world's largest market for power tools, the North American market accounts for more than half of the cordless power tool market, and the penetration rate and replacement rate are still accelerating. At present, the top-ranked power tool companies in the world occupy a large market share in the field of cordless power tools. In addition, the international power tool giants have begun to shift their choice of lithium batteries, which may bring greater market development opportunities for domestic lithium battery manufacturers. . The consensus in the industry is that only lithium battery companies with advanced technology, strong Ru0026D capabilities, excellent product quality, and guaranteed supply capabilities can have the opportunity to enter the supply system of large international power tool manufacturers. Once the supply relationship is confirmed, changes will not be easily made in a short period of time, and the lithium battery company entering its supply chain will maintain a stable market share within a time. Disclaimer: Some pictures and content of the articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous article: Is the charging current of the lithium battery related to the charging speed?