Battery power tools are cordless devices that are usually used for welding, drilling, screw driving, sanding, chiseling, cutting, metal working and many others. These tools are operated with the help of battery for numerous applications such as production, gathering, packaging, maintenance and so on. Band saws, circular saws, crimpers, hammer drills, impact drivers, impact wrenches etc. are battery power tools that ease manual labor, thereby, are considered as suitable resources for end use industries.
Owing to the introduction of battery power tools, key market players of battery power tools industry have gained an increase in power tools sales. Lithium ion batteries are the most preferred battery type for cordless power tools. These batteries are smaller, more lightweight, and have longer usage life than other battery types. Lithium ion batteries more efficient as they draw more current & work longer than the Nickel-Cd variety. Also, one thing must be noted that lithium ion batteries can be unsafe because their energy density is very high.
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According to a report published by Allied Market Research, the global battery power tools market size is anticipated to reach $41.1 billion with a considerable CAGR from 2021 to 2030. North America is currently holding the highest market share, owing to growth in adoption of battery power tools in automotive, construction and manufacturing sector in this region.
With this drift on board, the key market players are implementing new strategies and are investing in research and development in order to improve tool strength & life span. Cell manufacturers are constantly advancing the technology so they provide a wide array of latest technology cells for use in every industry that uses Li-ion batteries.
For instance, Milwaukee launched a kind of lithium battery that can maintain more power in heavy applications and has a five times greater run time than standard lithium batteries. Similarly, Matabo, a power tool manufacturer based in Germany, recently released new grinders that include a 75% longer battery run time. These grinders consist of a small head design that makes tiny spaces and narrow angles of up to 40 degrees accessible. Also, based on latest cell technology, Bosch launched batteries that can put more power into a cell with a small increase in volume.
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At the same time, tool companies are focused on voltage platforms, providing improved batteries for platforms where they sell the most tools. For example, Dewalt, one of the key power tool manufacturers, launched a battery named the Flexvolt that automatically changes its voltage with each tool it is operated with, thereby can serve different voltage platforms. Likewise, Hilti is working on batteries that can offer the right power and run time for an application.
Furthermore, carbon ion cell technology is becoming more popular as it involves zero risks and are recyclable. Carbon ion cells also have the fast charging characteristics and are soon expected to match the energy density of lithium ion batteries. The advantages of carbon ion cells are likely to be recognized by firms globally as time goes by, which sequentially, is going to gather exponential growth for the battery power tools market in the near future.
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