The global High Voltage Electric Heater Market size is expected to reach USD 7.12 billion by 2027 according to a new study by Polaris Market Research. The report “High Voltage Electric Heater Market Share, Size, Trends, Industry Analysis Report, By Product Type (High Voltage Air Heaters, High Voltage Coolant Heaters, and High Voltage Battery Heaters); By Vehicle Technology (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Heating Potential (Up to 4 KW, 4-7 KW, and Above 7 KW); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The high voltage electric heater is directly dependent on the sale of electric vehicles across the globe. To increase the adoption of thermal management in the passenger cars and other electric vehicles is to increase the number of charging stations. One approach is to install private charging points in buildings, condominium, public places, and driveways, which is already started in developed nations.
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Charging infrastructure is mostly depending on local issues, such as national policy frameworks, regulations, deployments, fund mobilizations, public and private investments, and human resource to maintain that system in place. Government fiscal policies in the form of tax reliefs, fund allocation, and financial incentives, significantly boost up the adoption of electric vehicles.
Automotive OEMs are investing in high potential heaters for electric vehicles. Though the size of the High Potential EV market is not yet large, OEMs are using the dynamic conditions, which are mainly driven by the political agenda. For example, in the current market environment of France, players making use of government financial incentives to bolster EV sales.
Therefore, OEMs will have advantage of first mover to increase their market share in the concerned market. High velocity is a key success factor for significant growth of High Voltage Electric Heater, which leads to investment in sales staff training, charging infrastructure and EV after-sales management, which leads the demand for High Voltage Electric Heater.
Market participants such as BorgWarner Inc., Eberspacher Gruppe GmbH, Mahle GmbH, Woory Corporation, DBK David + Baader GmbH, Tutco Inc., LG Electronics Inc., Webasto SE, and Mitsubishi Heavy Industries Ltd. are some of the key players operating in the global market.
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