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Lithium battery market for power tools is booming

28 Mar Industry News

Since entering 2023, the market demand for lithium batteries for electric tools has not decreased. Among them, the orders for lithium batteries for electric tools from Hisida Power will increase significantly in 2023. Currently, the company's orders for hand cylindrical lithium batteries have covered the company's production plans for the first three quarters, and it is expected that the annual shipment volume will further increase.

In addition, the shipments of lithium batteries for electric tools from enterprises including Yiwei Lithium Energy, Changhong Energy, Bike Battery, Far East Battery, and Penghui Energy all experienced different growth rates in 2022, and are actively expanding production to meet the growing demand of the downstream market.

 

Since 2022, the high quality cylindrical batteries used by many domestic battery

According to GGII statistics, driven by the growth of the global power tool market, the global lithium battery shipment volume for power tools in 2022 was 22GWh; It is predicted that the shipment scale will increase to 60GWh in 2026, which still has 2.7 times of growth space compared to 2022. 

Among them, the shipment volume of lithium batteries for domestic electric tools has increased significantly year-on-year, and the market share has increased significantly, accelerating the replacement of imports.

From the perspective of the competitive landscape, as Japanese and Korean brands give priority to investing their cylindrical battery resources in the field of power batteries, leading to the transfer of the supply chain of international power tool giants to the domestic market, giving domestic cylindrical battery companies the opportunity to "fill in" accumulated over the years, and the supply share of domestic battery companies further increased.

 

Currently, enterprises including Hisida Power Supply, Bike Battery, and Yiwei Lithium Energy have passed the verification and confirmation of the international power tool giant TTI, and have signed supply agreements to start batch supply.

Lithium Electric Hammer

Industrial high power brushless lithium battery cordless rechargeable impact hammer drill

 

Powerful, high-quality brushless motor for extended runtime and durability - The BL brushless motor eliminates carbon brushes, allowing the BL motor to run cooler, more efficient and last longer.

Versatile, excellent drilling and chiselling performance - you can use this tool for rotary, rotary hammering or just hammering. (Compatible with all Makita 18V lithium-ion batteries. (e.g. BL1830 BL1840 BL1850 BL1860. Please purchase battery and battery charger separately)

LED light - The LED work light is particularly useful if you are working in low light conditions. Additional operator features include an LED battery indicator that will alert you when the battery needs to be charged.

Portable, lightweight and easy to use - ideal for outdoor use thanks to its cordless portability, you can take it off-site and use it anywhere in and around your home. 

The battery-powered drill is particularly suitable for working in confined conditions and maintains its high level of performance even in the toughest of working conditions.