Battery holders are designed to support commercial, industrial, or OEM batteries. These have one or more compartments for holding batteries. In case of dry battery cells, battery holder must have electric contact with terminal, where as in case wet battery cells, cables are often connected to the battery terminals, Battery holder help in prevention of damage to circuitry and components from battery leakage. These are plastic chambers in the shape of a housing model that can be used to contain single or multiple batteries. The primary function of battery holders is to keep battery cells safe and carry out the power transfer process safely. Application of battery holders in military, medical & auto mobile sector is the major factor that drives the growth of the battery holder market.
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COVID-19 Impact analysis-
- COVID-19 has a terrible impact on the battery holders market. Due to pandemic, there is huge disruption in supply chain of raw material as well as in production cycle. During pre-period of COVID-19, whole economy was facing unexpected challenges such as lockdowns and restrictions on distribution channels. This has led downfall of the battery holders markets.
- Various restraints were imposed by the governments on several sectors such as automotive industries, which has led to decline in demand for battery holders, and had an adverse effect on the battery holders market.
Top Impacting Factors-
- Application of battery holders in military sector has led to massive incline in demand for battery holders. Usually military batteries are high capacity batteries that are heavy as well. Therefore, higher force is required for holder, which leads to rough handling of batteries.
- Application of battery holders in automotive industries has led to increase in consumption of battery holders, which has direct & positive impact in the growth of the battery holder markets.
- Various types of batteries are widely used in advance medical devices for different activities such as use of batteries as power sources for motorized wheelchair, application of batteries in sensors and monitors for physiological parameters, and use of batteries in neurostimulators devices. These are some of key drivers that drive the growth of the battery holder market.
Market Trends-
Significant use of batteries in electric vehicles has increased the demand for battery holders in the automotive industries .Many companies such as Tata Motors Limited &M.G. Car Company Limited have launched their electronic cars in the Indian market in the last few years. Increase in prominence of batteries offers an exponential growth to the battery holder market.
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Key benefits of report-
- This study presents the analytical depiction of the battery holders industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the battery holders market share.
- The current market is quantitatively analyzed to highlight the battery holders market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed battery holders market analysis based on competitive intensity and how the competition will take shape in coming year.
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