High Voltage Electric Heaters

Japan High Voltage Electric Heaters Market Is Projected To Grow 6x Over 2030

Automotive

The automotive and aerospace industry has experienced increasing demand in developing countries such as China. Furthermore, mounting demand for customized products as per application requirement by numerous OEMs will drive the demand for high voltage electric heaters in the coming years. Advancements in the automotive industry and development of numerous concepts such as smart cars, connected cars, and electric cars will drive the high voltage electric heater market.

Mounting demand for electric vehicles and increasing concerns regarding the environment with respect to the emission of gases will facilitate the growth of the global high voltage electric heater market, which is set to expand eight times its current size over the next ten years.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=1027

Key Takeaways from Global High Voltage Electric Heater Market Study

  • The air heaters segment is estimated to account for 55% of the market revenue share by 2020-end, and is expected to gain 110 BPS in its market share by 2030 over 2020.
  • The BEV vehicle technology segment is expected to register a CAGR of 25% over the forecast period, to be valued at US$ 3.5 Bn by 2030-end.
  • The passenger cars segment is projected to expand 8X over the forecast period, while the LCVs segment is projected to grow 9X in the same period.
  • By maximum heating capacity, the largest share will be contributed by the 4-7 kW electric heaters segment in the years to come. This segment is expected to represent US$ 900 Mn of the market in 2020, and reach US$ 6.0 Bn in 2030, representing a CAGR of 24% over the forecast period.
  • In terms of geographical demand, the market for high voltage electric heaters for automobiles is estimated to account for 40% of the market revenue share by 2020-end, and is expected to gain 400 BPS in its market share by 2030 over 2020.
  • The U.S. high voltage electric heater market is projected to expand 8X over the course of the forecast period, while the Japan market is projected to grow 6X over the same period.
  • Disruptions at production plants related to the consumer electronics and automotive industry due to the COVID-19 pandemic has decreased the demand for high voltage electric heaters.

“Advancements in the automotive industry and mounting concerns towards gas emissions from vehicles are set to boost the demand for high voltage electric heaters, especially air heaters,”says a Fact.MR analyst.

High Voltage Electric Heater Market: Segmentation

Fact.MR has studied the high voltage electric heater market with detailed segmentation on the basis of type, vehicle technology, vehicle, maximum heating capacity, and region.

Type

  • Air Heaters
  • Coolant Heaters

Vehicle Technology

  • BEV
  • PHEV
  • HEV

Vehicle

  • Passenger Cars
  • LCVs
  • HCVs

Maximum Heating Capacity

  • Up to 4 kW
  • 4-7 kW
  • Above 7 kW

Region

  • China
  • France
  • Germany
  • Japan
  • South Korea
  • UK
  • US
  • Rest of the World

High Voltage Electric Heater Manufacturers: Key Players Focusing on Product Portfolio Management and Capacity Expansion

Key players in the high voltage electric heater market are increasing their production capacities in order to meet mounting demand from OEMs and commercial customers. With capacity expansion, companies are looking forward for collaborations with global suppliers to ensure their global presence. Adoption of the push strategy has helped key players increase the flow of their products in the market and reach targeted customer segments.

Furthermore, customized products with respect to industry order-specific and application-specific have also helped key players develop products according to client requirements, and also commercialize them in the market. For instance, in January 2019, BorgWarner Inc. expanded its new production unit in Kakkalur, India, to meet the growing demand for engine timing systems in the Southeast Asian market. This expanded facility allows class-leading development, modeling, research, and manufacturing.

 

 

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