The study on the Global High Voltage Electric Heaters Market published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of the High Voltage Electric Heaters Market in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the High Voltage Electric Heaters Market during the forecast period (2022-2032).
The global high-voltage electric heater market will reach a valuation of US$ 1,545.2 million in 2022 and is expected to progress at a CAGR of 22.5% to reach US$ 11,745.4 million by the end of 2032. Sales of high-voltage electric heaters accounted for nearly 14% share of the global electric heater market at the end of 2021.
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Segmentation of High Voltage Electric Heater Industry Research
- By Product Type :
- Air Heater
- Coolant Heater
- Battery Heater
- By Vehicle Technology :
- BEV
- PHEV
- HEV
- By Vehicle Type :
- Passenger Car
- LCV
- HCV
- By Maximum Heating Performance :
- Up to 4 kW
- 4-7 kW
- Above 7 kW
Essential Takeaways from the High Voltage Electric Heaters Market Report
- Comparison of prominent players operating in the High Voltage Electric Heaters Market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the High Voltage Electric Heaters Market.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the High Voltage Electric Heaters Market.
Key Companies Profiled
- BorgWarner Inc
- Eberspächer Gruppe GmbH & Co. KG
- Webasto SE
- Mahle GmbH
- Woory Corporation
- DBK David + Baader GmbH
- Tutco Inc
- LG Electronics Inc.
- Mitsubishi Heavy Industries Ltd
Competitive Landscape
Prominent high voltage electric heater manufacturers are BorgWarner Inc, Eberspächer Gruppe GmbH & Co. KG, Webasto SE, Mahle GmbH, Woory Corporation, DBK David + Baader GmbH, Tutco Inc, LG Electronics Inc., Mitsubishi Heavy Industries Ltd
Leading market players are channelizing their resources in order to develop high voltage electric heaters with unique designs and have more efficiency. The improved battery systems along with the compact design can be an essential development in the electric heaters. This will pave a way for larger sales of the high voltage electric heaters in the end-use industries in coming time.
The most important factor in the success of electric vehicles is the ability to forge strong private-public partnerships. Government initiatives and subsidiaries for electric vehicles are enabling higher growth prospective for HVEH market.
- November 2021, BorgWarner, which is one of leading manufacturer of thermal technology, stated it would expand its operations in Cadillac, North Carolina. This investment will be the support of the Michigan Strategic Fund with an investment of US $11.2 million.
- DBK David + Baader GmbH manufacturers from Germany recently introduced one of the lightest and smallest high-voltage electric heaters in August 2022, which is a high-voltage fluid heater.