The global power tool batteries market size was valued at USD 2. 66 billion by 2034, exhibiting a CAGR of 9. 64% during the forecast period.
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What is the current Power Tool Batteries Market size?
The Power Tool Batteries Market is projected to register a CAGR of greater than 8% during the forecast period (2023-2028). Read More
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The year 2025 was a landmark year for lithium BESS installations. According to Benchmark Mineral Intelligence, around 315 GWh of battery energy storage capacity was installed worldwide in 2025. This figure represents nearly 50% year‑on‑year growth compared with 2024.
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In May 2025, Cyprus successfully commissioned its first significant battery energy storage system (BESS), marking a major step toward enhancing the country's energy infrastructure and aligning with its national goals for renewable energy integration and grid optimization.
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BloombergNEF projects worldwide battery storage installations to reach 100 gigawatts by the end of 2025 and more than double within a year as costs continue to fall.
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