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Shenzhen lithium battery manufacturers analyze the current status of the international power tool lithium battery market

by:Vglory      2021-04-24
In recent years, the development of power tools has shown a trend of miniaturization, light weight, and cordlessness, making lithium batteries have a good growth in the field of power tools, which has also attracted the attention of many power battery companies. In the first half of 2019, Electronics decided to adjust its product direction to the direction of light power batteries, and fully develop the company's power battery business. According to CAGR 6.6%, the market for cordless power tools will exceed US$18 billion (approximately RMB 122 billion) in 2020. The use of lithium batteries in power tools has grown from 3 strings to 8-10 strings, and the number of applications has doubled. Therefore, the future growth potential of the lithium battery market for power tools is huge. Electronics has learned that the current domestic market for domestic cordless power tools accounts for about 1/3. Lithium battery applications are mainly domestic manufacturers, but 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 are turning to lithium batteries, which may bring greater market development opportunities for domestic lithium battery manufacturers . Electronics noticed that battery companies including Tianpeng Power, Yiwei Lithium Energy, Lishen, Haisida and other battery companies have formed close strategic cooperation with international power tool giants, and even a few companies have entered the supply chain system of international power tool giants. . The consensus in the industry is that only lithium battery companies with leading 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 the short term, and lithium battery companies entering their supply chain will maintain a stable market share for a certain period of time. Disclaimer: Some pictures and content of articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous: Precautions for replacing lithium batteries with electric bicycles using lead-acid batteries
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