The global output of lithium batteries for power tools will reach 4.93 billion by 2025

Lead:Statistics from the white paper show that global shipments of high-rate lithium-ion batteries for power tools will reach 2.02 billion units in 2020, and this data is expected to reach 4.93 billion units in 2025. The white paper analyzes that the main reason for the increase in shipments of lithium-ion batteries for power tools is the increase in the proportion of cordless power tools worldwide and the large-scale replacement of nickel-hydrogen batteries by lithium batteries.

Following the release of the “White Paper on the Development of China’s Power Tool Industry (2021)” by the research institute EVTank, the Ivy Institute of Economic Research and the China Battery Industry Research Institute in March this year, the “White Paper on the Development of China’s Cylindrical Lithium-ion Battery Industry ( 2021)”. In the white paper, high-rate cylindrical lithium-ion batteries for power tools are one of its key research areas. Statistics from the white paper show that global shipments of high-rate lithium-ion batteries for power tools will reach 2.02 billion units in 2020, and this data is expected to reach 4.93 billion units in 2025. The white paper analyzes that the main reason for the increase in shipments of lithium-ion batteries for power tools is the increase in the proportion of cordless power tools worldwide and the large-scale replacement of nickel-hydrogen batteries by lithium batteries.

The white paper analyzes the main product structure of power tool batteries for Chinese companies and Japanese and Korean companies. The white paper statistics show that the high-rate products for power tools of Chinese companies are mainly concentrated in 1.5AH and 2.0Ah, of which 2.0AH accounts for approximately At around 74%, some companies have begun to mass produce 2.5AH high-rate products, but the proportion is still low. Basically no 3.0AH and 21700 products are used in the field of power tools, and some companies are in the process of research and development; Japanese and Korean companies mainly focus on 2.5AH, and 1.5AH products are basically not shipped, and the next step will gradually abandon 2.0AH products. Transition to 21700 products with 3.0AH and higher capacity.

From the perspective of major power tool high-rate battery companies, SDI ranked first with a market share of 36.1% in 2020. Chinese companies represented by Tianpeng and Yiwei Lithium Energy have entered international giants such as TTI, Bosch, and SB&D. Shipments have also increased significantly, ranking second and third globally. In addition, other domestic companies including Lishen, BAK, Penghui, etc. have also begun to gradually adjust their cylindrical production capacity from automobiles to power tools and other fields. It is expected that their shipments will also grow rapidly. In addition, there are a large number of domestic companies in China. The third- and fourth-rate cylindrical battery companies have a lot of shipments in the field of power tools.

For more information about power tools and high-rate cylindrical lithium-ion batteries, please refer to the “White Paper on the Development of China’s Power Tool Industry (2021)” and the “White Paper on the Development of China’s Cylindrical Lithium-ion Battery Industry (2021)” issued by the agency.