New Energy Low Power Automotive Crimp Terminals Market Analysis
With the global energy crisis and the continuous improvement of environmental awareness, new energy vehicles have become the trend of future automotive development. The production of new energy vehicles is inseparable from a variety of electrical equipment, including automotive low power crimp terminals. Low power crimp contacts are necessary components for transmitting low power currents. It need to be used in many fields such as power communication equipment, computer interiors, and automotive electrical systems. Therefore, with the rapid development of the new energy vehicle industry, the automotive low power crimp terminals market is also emerging. There was a scene of prosperity.
Status of New Energy Low Power Automotive Crimp Terminals
The new energy vehicle market is rising rapidly, and the low power automotive crimp terminals market is also developing rapidly. According to data released by the market research organization Statista, the global sales of new energy vehicles will reach 4.14 million in 2020, and this number is expected to increase to 16 million in 2025. The low power crimp contact pins market will also develop rapidly.
At present, the low power wire harness crimp terminal pins market for new energy vehicles is based on the relatively mature market of traditional internal combustion engine vehicles. However, as the production of new energy vehicles gradually matures, the production technology and quality of low power wire harness stamping terminals are gradually guaranteed. And its market size is also rapidly increasing.
Analysis of Low Power Automotive Crimp Terminal Contacts Market Performance
Rapid Growth of Market Size
With the growth of the new energy vehicle market, the market size of low power wire harness terminals is also expanding year by year. According to the “2019-2025 China Wire and Cable Industry Market Prospect and Investment Analysis Report” released by the Industrial Research Institute, the market size of China’s low power wire harness terminals in 2019 was 17 billion yuan, and it is expected to reach 32 billion yuan by 2023. Meanwhile, in the global low power wire harness terminal market, the Asia-Pacific region is the largest, followed by the European and North American markets.
Upgraded Quality Competition
With the growth of market scale, quality competition has become the key to the survival of manufacturers. With the increasing demand of consumer groups for product quality, products with better quality and high cost performance in the low power wire harness terminal market are more likely to be recognized and sought after. In addition, due to the rapid development of new energy vehicles, the requirements for safety and stability of low power wire harness terminals are also getting higher and higher. Therefore, only industry manufacturers with excellent quality and guarantee capabilities can gain a foothold in the market.
Technology Update Iteration
With the continuous improvement of new energy vehicle production technology, the production technology of low power wire harness terminals is also iteratively updated. The industry trend shows that the production technology of low power wire harness terminals will be more intelligent and efficient in the future. And it will be able to exert more excellent performance.
Innovation and Development of Low Power Automotive Terminals
- Establish a perfect quality inspection system
In the production of low power wire harness terminals, quality is key. Therefore, industry manufacturers must have a complete quality inspection system. And only by strengthening management, strengthening quality control, optimizing product design and other means to improve product quality can they have the opportunity to participate in the market.
- Accelerate technological upgrading and innovation
With the rapid rise of the new energy vehicle market, some enterprises in the low power wire harness terminal market are unable to meet market demand due to technical level and lack of innovation. The automotive wiring harness terminal is no longer a simple connection device. But a higher-level component that integrates the device and the control system. The market demand of the automotive wire harness terminal industry is also expanding. The continuous upgrading of automotive electrical equipment and the continuous pursuit of product quality by car manufacturers.
Conclusion
Driven by the new energy vehicle market, the market size of the low power wire harness terminal market continues to expand. And it is also facing new development opportunities and challenges. While the market scale is expanding rapidly, the production technology of new energy vehicles is constantly improving. And the production technology of low power wire harness terminals is also iteratively updated.
Connector terminals will be smaller in size, higher in precision, and stronger in current carrying capacity in the future. And their terminal structures will undergo new changes and developments with technology. Only terminal manufacturers with high adaptability and strong manufacturing capabilities can be selected. It can better meet the actual needs of the car!
Heju Stamping-Realiable Automive Crimp Terminal Contacts Manufacturer
Dongguan Heju Precision Electronic Technology Co., Ltd. is a precision manufacturer. Who is specializing in the production and design of automotive crimp terminals. It has passed the three major certification systems of ISO9001, ISO14001, and IATF16949. It has many years of experience in connector terminals design and development and a perfect quality inspection system. The thermal conductivity and electrical conductivity are stable, meeting the quality standards of imported brands. And it can actively cooperate with customer product needs for customization to achieve localization substitution!