Lewes, DE -- (SBWire) -- 08/27/2015 --Report forecasts the global Li-ion battery market for power tool to grow at a CAGR of 9.3% during 2014-2019.
Li-ion batteries are mainly used in devices such as power tools, and handheld devices owing to their high energy density and rechargeable properties. There are several types of power tools such as engine-driven power, electric power, and pneumatic power tools. Electric power tools works on both electric and battery source of power. Currently, most companies are manufacturing power tools that operate on Li-ion batteries as it provides high power capability despite its compact size and reduces the overall weight of power tool. Power tools are can be used for various purposes such as screw driving, drilling, chiseling, shaping, routing, sanding, buffing, polishing, and leveling.
In addition to being used in the residential sector, power tools are adopted by several companies across automotive, infrastructure, construction, woodworking, aerospace, and electrical and electronics industries.
The report covers the present scenario and the growth prospects of the global Li-ion battery market for power tool during 2015-2019. The market has been segmented on the basis of end-user segmentation. The report also discusses the key geographies and the future growth pattern of the market.
Global Li-ion Battery Market for Power Tool 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global Li-ion battery market for power tool landscape and its growth prospects in the coming years. The report discusses the key vendors operating in this market.
According to the report, one key driver of this market is the higher Storage Capacity. The storage capacity of Li-ion powered batteries for power tools is much higher than that of Ni-Cd/Ni-MH with the same power rating. The major difference between Ni-Cd, Ni-MH, and Li-ion batteries is the storage capacity, which is expressed in terms of energy per unit weight (Wh/kg).
Key Regions
- Americas
- APAC
- EMEA
Key players in the Global Li-Ion Battery Market for Power Tool: A123 Systems, Hitachi, Johnson Matthey Battery Systems, LG Chem, Panasonic, Samsung SDI, and Sony.
Other Prominent Vendors in the market are SAFT Batteries, BYD, Coslight, Tianjin Lishen Battery, Toshiba, and Valence Technology.
Key Market Driver
- Increased in Demand for Li-ion Battery Operated Power Tools
- For a detailed list, view our report
Key Market Challenge
- Restrictions on Lithium Content during Shipment of Li-ion Batteries
- For a detailed list, view our report
Key Market Trend
- Increased Competition among Chinese Manufacturers
- For a detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 133 pages "Global Li-Ion Battery Market for Power Tool 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-li-ion-battery-market-power-tool-2015-2019
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