Press release
Global Power Tool Batteries Market to grow at a CAGR of 8.12% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global "Power Tool Batteries" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Power Tool Batteries
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.
Technavios 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.
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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
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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?
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