Why can't you ignore power tools?

Power tools can be divided into three types: industrial grade, professional grade, and general-purpose grade. Professional-grade products are common, have a market, and are also competitive fields in the power tool industry. With the increasing investment in infrastructure construction and the construction of new infrastructure, the demand for industrial-grade power tools is expected to usher in a new round of growth. At present, electric tools have undergone technological revolutions and innovations in application fields, and realizing product upgrades in better solutions has become an important breakthrough point in the market. At the same time, electric tools are also objects that cannot be ignored in energy saving and emission reduction.

High-efficiency and energy-saving solutions help the "double carbon" policy

Statistics show that in terms of market size, the global power tool market will grow to US$63.69 billion in 2021. Although China is a big country in the production and manufacturing of electric tools, the largest consumer markets are still in Europe and the United States, and the Chinese market is only about 24% of the global market.

In the past ten years, the sales scale of my country's electric tool industry has increased year by year. From 2017 to 2019, the sales revenue of China's electric tools increased from 106.3 billion yuan to 141.1 billion yuan, with a compound growth rate of 15%. It is estimated that the sales revenue of China's electric tools will reach 215.8 billion yuan in 2022.

At present, energy conservation, consumption reduction, and the development of a green and low-carbon economy are hot spots of global concern. Previously, the "Industrial Energy Efficiency Improvement Action Plan" issued by the Ministry of Industry and Information Technology pointed out that around general energy-consuming equipment such as motors, transformers, and boilers, special actions to improve energy efficiency will continue to be carried out, the application of high-efficiency energy-using equipment will be increased, and the system matching of key energy-consuming equipment will be strengthened.
Energy saving retrofit and operation control optimization.

According to statistics, the electricity consumption of motors accounts for more than 50% of the world's total electricity consumption on average, and more than 70% of industrial electricity consumption, of which 75% are small and medium-sized motors including professional motors for electric tools. Therefore, improving the efficiency level of electric tools and motors is one of the key points of China's "dual carbon" policy for energy conservation and emission reduction.

As a big country in the production and export of electric tools, China has a large number of domestic electric tool manufacturers, all of which are old products that have not changed for decades. To fundamentally change the status quo of low-grade, poor quality and performance, and low-price competition in China's electric tool products for a long time, and to seek further development, the traditional industry of electric tools must be transformed, innovated, and upgraded.

From the perspective of enterprises, to seize more shares from the huge market in the future, domestic power tool enterprises must effectively improve product quality and technical level, establish brand awareness, carry out the differentiated competition, increase R&D investment, increase product-added value, and grasp Good technology development direction. At the same time, for upstream companies, it provides better energy-efficient solutions to help downstream companies upgrade their products, thereby promoting the entire industry to respond to the national green energy-saving policy and promoting the healthy development of the power tool industry.

Cordless lithium battery has become the future development trend for electric tools

From the perspective of practical application, the application fields of electric tools include road construction, auto repair steel structure, decoration, decoration, etc., and of the application scenarios are outdoor operations. The traditional method of powering electric tools through wires has largely limited the working radius and working conditions of electric tools, which has caused great trouble to the progress of outdoor operations. The new generation of cordless power tools powered by lithium batteries is light and convenient, which expands the working range, changes the working conditions in various application scenarios, and improves work efficiency at the same time.

The lithium-ion solution not only outperforms traditional power tools in terms of energy consumption but also improves loss and cost control. The technological upgrade of lithium batteries is the guarantee cordless. With its advantages of small size, convenience, easy storage, and low noise, the trend of lithium battery solutions to replace traditional nickel-metal hydride battery power tools is obvious, and the penetration rate of cordless power tools downstream continues to rise. high.

According to statistics, the annual compound growth rate of the power tool industry is 5%-10%. Thanks to the high convenience and the rapid development of lithium battery technology, the penetration rate of cordless electric tools and the shipment of lithium batteries have increased rapidly. In 2021, the global shipment of lithium batteries for electric tools will be 22GWh, a year-on-year increase of 19%; it is estimated that It will increase to 60GWh in 2026, and there is still room for growth of 2.7 times compared with 2021, with a compound annual growth rate of 22%.

At present, the strength of products such as lawn mowing robots and riding lawnmowers has improved, and the lithium electrification of garden tools is expected to increase rapidly.

In addition, with the increasing popularity of electric tools in household applications, electric tools will be used for multiple purposes, and one machine with multiple functions or a complete set of compound tools will gradually become a new trend in the development of electric tools in the future. A single power tool has multiple functions and uses, which puts forward higher technical requirements for its related components, and component suppliers will face new challenges and opportunities. In addition, the supporting parts related to lithium battery electric tools will also be developed rapidly, such as lithium battery management intelligent controller, brushless motor, battery clip, and other lithium battery supporting parts.

It is also worth noting that as Japanese and Korean battery companies shift their strategic focus to the power battery track, domestic lithium battery manufacturers have accelerated their entry into the international first-line brand supply chain of electric tools.

In general, with the iterative upgrade of battery technology, electric tools are gradually developing towards miniaturization, cordless, and lithium-ion, and innovative iterations make electric tools easier to use, thereby promoting more and more extensive demands.

The development of the electric tool industry has promoted the vigorous development of China's electrical appliance industry. The product technology is homogeneous in the region during the development process. Consumers are more inclined to stable, reliable, portable, and easy-to-use electric tools. Long-term is considered a key option. Battery-powered power tools must also be equipped with diagnostics and safety features to ensure reassuring high-quality