The battery holder market has high growth prospects owing to increasing demand from the end-user industries such as consumer electronics, automotive, industrial, and others. The battery holder is a case with one or multiple chambers for holding batteries. Due to the technological advancements in battery technologies and increasing demand from the consumer electronics sector the demand for battery holders is growing. Moreover, increasing demand from emerging economies such as China, India, and Japan is gradually increasing which is expected to fuel the market growth during the forecasted period.This growth is primarily driven by Stringent Emission Control Norms by Government and Growing Focus on Increasing Fuel Efficiency.
Globally, a noticeable market trend is evident Increasing Application in Consumer Electronics
. Major Players, such as Bulgin (United Kingdom), Harwin (United Kingdom), RS Components (United Kingdom), Takachi Electronics Enclosure Co., Ltd. (United States), TE Connectivity (Switzerland), Keystone Electronics Corp. (United States), GS Yuasa (Japan), Eagle Plastic Devices (United States), Hammond (Canada), Mouser Electronics India PVT Ltd (India) and Ace Electronics (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
11th December 2018, Gamry Instruments launched a new product range of battery holders, Pouch Cell Holder and Universal Battery Holder. These battery holders are able to connect to a large variety of pouch cells and batteries.
- Stringent Emission Control Norms by Government
- Growing Focus on Increasing Fuel Efficiency
- Increasing Application in Consumer Electronics
- Growing Applications in Emergency Lightning
- Fluctuating Raw Material Prices
Increasing Production of Automotive and Growing Demand from Emerging Economies
Increasing Number of Local Manufacturers
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