This market research study identifies A123 Systems, LG Chem, Panasonic Industrial Devices & Solutions, SAMSUNG SDI, and Sony as the leading players in the global power tool batteries market. A comprehensive analysis of this market is also presented by battery (nickel battery and Li-ion battery) and by geography (the Americas, APAC, and EMEA).
Houston, TX -- (SBWIRE) -- 06/18/2018 -- Li-ion batteries are expensive in comparison to lead-acid batteries. This is compelling leading vendors in the Li-ion battery sector to reduce the prices of Li-ion batteries by focusing on the technological advancements. Research analysis on the global power tool batteries market identifies that the declining prices of lithium-ion battery will be one of the major factors that will have a positive impact on the growth of the market. Consequently, the adoption of Li-ion batteries will also increase and the companies will continue to develop these batteries for different applications in power tool equipment and cordless power tools.
A comprehensive analysis of the Global Power Tool Batteries Market is been done in this intelligence report. It includes the investigations done on the past progress, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned. This report presents a 360-degree overview of the competitive scenario of the Global market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market's future growth prospects.
Top Key Vendors in This Report: A123 Systems, LG Chem, Panasonic Industrial Devices & Solutions, SAMSUNG SDI, Sony.
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Power tool manufacturers are focusing on incorporating 3D printing technology into their power tool equipment to come up with improved products. This helps in the reduction of development costs. As a result, integration of 3D printing technology has been identified as one of the key trends that will gain traction in the global power tool batteries market throughout the predicted period. The world's largest manufacturer of battery powered tools, Black and Decker, manufactured prototypes of power tools in-house with the help of 3D printing machines enabling them to shorten the development cycle.
Li-ion battery segment gained momentum over other battery technologies after the introduction of power tools because Li-ion battery technology consists of various advantages. Also, the demand for Li-ion batteries is increasing from various industries such as electric vehicle (EV) and consumer electronics. These batteries are extensively gaining popularity in the consumer electronics industry as they are considered as the ideal choice of power source.
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On the basis of geographical regions, the Global Power Tool Batteries Market is segmented broadly into Latin America, Europe, the Middle East and Africa, and Asia Pacific. The global market is still in its exploratory stage in most of the regions but it holds the promising potential to flourish steadily in coming years. The major companies investing in this market are situated in Canada, U.K., and the US, India, China and some more countries of Asia Pacific region. Consequently, Asia Pacific, North America, and Western Europe are estimated to hold more than half of the market shares, collectively in coming years.
In the last sections of the report, the manufacturers responsible for increasing the sales in the Power Tool Batteries Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.
Table of Content:
Global Power Tool Batteries Market Research Report
Chapter 1 Power Tool Batteries Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast