• The global Power Tool Battery market size was valued at US$ 5.67 billion in 2024 and is projected to reach US$ 9340.0 million by 2030, at a CAGR of 8.70% during the forecast period 2024-2030.
• The United States Power Tool Battery market size was valued at US$ 1.45 billion in 2024 and is projected to reach US$ 2.34 billion by 2030, at a CAGR of 8.3% during the forecast period 2024-2030.
• The most important part of power tools is none other than battery cells. Nickel-Cadmium cells were used in the past, but after the development of Lithium-Ion cells in the 2000s, Lithium-Ion batteries have been recently used in the most cases. Lithium-Ion cells has two times more energy density than Nickel-Cadmium cells so it can make them smaller, and they have longer lifetime which gives them stable performance despite frequent charging and discharging.
• Installed with Lithium-Ion battery, wireless power tools become more available and are actually being used more and more. Due to the absence of plug socket and wire, wireless power tools are much convenient giving spatial freedom of movement.
