In the development history of the power tool industry, the emergence of lithium batteries is undoubtedly a major transformation with profound influence. In recent years, with the continuous advancement of technology and the constant evolution of market demands, lithium batteries have been demonstrating an unprecedented innovative trend and strong breakthrough potential in the field of power tools.
According to market data, in 2024, the global shipment volume of lithium battery-powered power tools accounted for as high as 93.4% of all cordless power tools. The rapid growth in the shipment volume of lithium battery-powered power tools has driven the global shipment volume of lithium batteries for power tools to increase by 25.4% year-on-year, reaching 2.63 billion units, with the overall market size reaching 13.07 billion yuan. This data directly reflects that lithium batteries have taken an absolute dominant position in the power tool industry, and the market is still expanding continuously.
In terms of technological innovation, many battery manufacturers are actively engaged in the research and development of lithium batteries for power tools. Take CATL as an example. Relying on its profound technical background accumulated in the field of power batteries, it has developed high-rate discharge lithium batteries suitable for power tools. While ensuring safety performance, it has significantly improved the charging and discharging efficiency of the battery. Ewatt Lithium Energy, through in-depth cooperation with power tool manufacturers, customizes and develops battery products to meet the performance requirements of different tools, providing one-stop services from cell design to battery pack integration.
The application of all-ear technology has become a major highlight in enhancing product performance. For instance, the M18 Forge 6Ah battery launched by Milwaukee in August 2023 is 30% more compact than previous products, with a weight reduction of 40%. Its charging efficiency has significantly improved and its service life exceeds that of the RedLithium series. The M18 Forge 12Ah battery, launched in June 2024, adopts full TAB technology, doubling the operating time. Its charging speed is astonishing, taking only 65 minutes to fully charge from a dead battery. The ProCore18V + 8.0Ah battery launched by Bosch in the spring of 2024 features 21700 cells and a TAB design, optimizing the current transmission path and extending the operating time by 71%. Within 15 minutes, the battery capacity can rise from an empty cell to 50%.
From the perspective of battery models, in 2024, 18650-2.0Ah and 18650-2.5Ah will occupy a solid position in the mid-to-low-end power tool market, with their market share reaching as high as 74.5%, thanks to their mature technology, controllable costs, and stable performance. The proportion of 21700-4.0Ah batteries is also rapidly increasing. They have a higher energy density and can provide longer battery life and stronger power output for power tools. They are gradually being applied to high-end and high-power power tool products, representing the future development direction of power tool batteries.
The innovation and breakthroughs of lithium batteries in the power tool industry have not only enhanced product performance but also expanded application scenarios. Whether in the professional field of construction or in the DIY operation scenarios of ordinary families, lithium battery-powered power tools have won wide favor due to their convenience and efficiency. With the continuous advancement of technology, it is believed that lithium batteries will continue to unleash more potential in the power tool industry and inject a steady stream of impetus into its development.
