Power Equipment Batteries

Global Power Equipment Batteries Market to Reach US$9.2 Billion by 2030

The global market for Power Equipment Batteries estimated at US$6.8 Billion in the year 2024, is expected to reach US$9.2 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Lithium-Ion Battery, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$5.6 Billion by the end of the analysis period. Growth in the Nickel-Cadmium Battery segment is estimated at 4.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 5.0% CAGR

The Power Equipment Batteries market in the U.S. is estimated at US$1.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 5.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Power Equipment Batteries Market - Key Trends & Drivers Summarized

Why Are Batteries Powering a New Wave of Equipment in Construction, Agriculture, and Landscaping?

Power equipment batteries-ranging from lithium-ion packs to nickel-metal hydride and lead-acid variants-are becoming integral to the global shift away from fuel-based engines in outdoor, industrial, and handheld power tools. Equipment segments such as electric lawnmowers, hedge trimmers, chainsaws, portable compressors, compact excavators, and handheld diagnostic tools are increasingly reliant on high-capacity, rechargeable batteries for mobility, zero-emission operation, and noise reduction.

This transition is driven largely by electrification trends across small-to-medium equipment classes, where internal combustion engines are being phased out due to environmental regulations, rising fuel costs, and consumer demand for convenience. For instance, in landscaping and turf maintenance, battery-powered lawn care tools offer quieter operations, reduced maintenance, and lower total cost of ownership. Similarly, in agriculture and construction, battery packs are now used in compact tractors, tillers, concrete mixers, and surveying instruments to support semi-autonomous or operator-assisted functions.

The global rise in sustainable equipment use-fueled by green construction initiatives, smart agriculture policies, and carbon-neutral equipment mandates-is positioning battery-powered equipment as a cornerstone of future operational landscapes. Equipment batteries are no longer just accessories; they are becoming strategic enablers of productivity, compliance, and climate responsibility.

What Are the Key Battery Technologies and Their Performance Innovations?

Lithium-ion (Li-ion) batteries dominate the market due to their high energy density, longer life cycles, low self-discharge rate, and compatibility with fast charging systems. Innovations in thermal management, smart charging protocols, and battery management systems (BMS) are further enhancing their viability in power-intensive equipment. Lithium iron phosphate (LiFePO4) variants, in particular, are gaining popularity for their superior thermal stability and extended durability, especially in outdoor and rugged terrain applications.

Nickel-metal hydride (NiMH) and sealed lead-acid (SLA) batteries, while lower in energy density, continue to serve legacy applications or cost-sensitive markets where the performance trade-off is acceptable. New developments in solid-state batteries and silicon-anode technologies offer prospects for higher capacity, faster recharge, and improved safety, with R&D investments being heavily concentrated in North America, China, and Germany.

Battery modularity is another major trend. OEMs are introducing interchangeable battery platforms that allow users to swap packs across different equipment categories-ranging from trimmers to tillers-using a common battery architecture. Coupled with app-based BMS tools that offer real-time status updates, usage history, and energy optimization insights, these innovations are driving user adoption and equipment fleet integration.

Which Sectors and Use Cases Are Accelerating Battery Demand for Equipment?

The landscaping and grounds maintenance segment leads battery adoption, with municipalities, schools, and facility managers switching to electric mowers, blowers, and edgers to comply with noise ordinances and emissions standards. Golf courses, parks, and stadiums are also leveraging battery-powered tools to reduce disturbance and ensure operator safety.

The construction industry is gradually adopting battery-operated compact machinery such as light-duty excavators, lifting platforms, and concrete vibrators-particularly for indoor or confined space operations where ventilation is a concern. Agriculture is seeing the rise of battery-driven smart implements for seeding, spraying, and monitoring, especially among small and mid-sized farm operators looking for low-emission alternatives.

Geographically, Europe leads in battery-powered equipment use due to strong environmental legislation and urban emission limits. The U.S. market is expanding rapidly, driven by government incentives and growing consumer preference for battery-operated DIY tools. China and India are poised for long-term growth due to large labor markets and expanding mechanization needs in agriculture and construction.

What Is Driving Growth in the Global Power Equipment Batteries Market?

The growth in the global power equipment batteries market is driven by the accelerated electrification of small and mid-sized equipment across agriculture, construction, landscaping, and public services. As end-users prioritize quiet, efficient, and low-maintenance solutions, battery-powered equipment is replacing fuel-based systems in both professional and consumer settings.

Stringent emissions laws, equipment noise regulations, and carbon reduction targets are compelling public agencies and large contractors to adopt zero-emission tools. Parallelly, advances in lithium-ion technology, charging infrastructure, and modular battery design are lowering barriers to adoption. OEM partnerships with battery developers are enabling the rapid introduction of high-performance, interchangeable battery platforms.

The integration of telematics and predictive analytics in smart BMS platforms is adding value through better asset utilization and downtime reduction. With decarbonization goals aligning with user convenience and regulatory pressure, battery solutions are becoming a foundational pillar for the future of equipment mobility, automation, and environmental compliance. The transition from niche to mainstream is already underway-and battery innovation will be central to how work is powered across multiple industries.

SCOPE OF STUDY:

The report analyzes the Power Equipment Batteries market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Battery (Lithium-Ion Battery, Nickel-Cadmium Battery, Other Batteries); Equipment Type (Drillers, Chainsaws, Lawn Mowers, Impact Wrenches, Other Equipment Types); End-Use (Industrial End-Use, Commercial End-Use, Residential End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 41 Featured) -

• A123 Systems
• BYD Company Ltd.
• Clarios (formerly Johnson Controls Power Solutions)
• Contemporary Amperex Technology Co. Ltd. (CATL)
• Duracell Inc.
• East Penn Manufacturing Co.
• Enersys
• Exide Technologies
• GS Yuasa Corporation
• Hitachi Chemical Co., Ltd.
• Johnson Matthey Battery Systems
• LG Energy Solution
• Microvast Holdings, Inc.
• Panasonic Corporation
• Samsung SDI Co., Ltd.
• SK Innovation Co., Ltd.
• Sony Group Corporation (Murata for batteries)
• Toshiba Corporation
• VARTA AG
• Zhejiang Narada Power Source

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