The High Voltage Electric Heaters (HVEH) is the ideal heating system for plug-in hybrids and electric vehicles. It converts DC electric power into heat with practically no losses. The HVEH therefore achieves extremely fast heat-up times, high precision and the highest efficiency.
Industry Insights
Due to the COVID-19 pandemic, the global High Voltage Electric Heaters for Automotive market size is estimated to be worth US$ 1324.4 million in 2022 and is forecast to a readjusted size of US$ 5110.8 million by 2028 with a CAGR of 25.2% during the review period. While BEV segment is altered to an 28% CAGR throughout this forecast period.
The world’s core manufacturers of high voltage electric heaters for automotive include BorgWarner, Webasto Group, and HGTECH. The top three manufacturers account for more than 60% of the market. The Asia-Pacific is the world’s largest market, accounting for approximately 46% of the market, followed by Europe and North America, accounting for 36% and 13%, respectively. Among them, 4-7 kilowatts and less than 4 kilowatts accounted for 68% and 22% respectively. The most widely used are pure electric vehicles and hybrid vehicles, accounting for 53% and 38% respectively.
Key Drivers & Barriers
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Post-covid-19 Outlook
The readers in the section will understand how the High Voltage Electric Heaters for Automotive market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Segmental Outlook
Key segments including type and application have been elaborated in this report. The consultants at OMR Market Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type and application during the historical period (2017-2022) and forecast period (2023-2028).
Segment by Power
Up to 4 KW
4-7 KW
Above 7KW
Segment by Application
BEV
HEV
PHEV
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular regioncountry. The readers will also get their hands on the revenue and production data of each region and country for the period 2017-2028. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region.
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Competitive Scenario
In this section, the readers will gain an understanding of the key players competing. The experts at OMR Market Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and production by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Some of the prominent players reviewed in the research report include
BorgWarner
Webasto Group
HGTECH
Eberspacher
Woory Corporation
DBK Group
Mahle
LG
Mitsubishi Heavy Industries
Frequently Asked Questions
Which product segment grabbed the largest share in the High Voltage Electric Heaters for Automotive market
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Which are the prominent players in the High Voltage Electric Heaters for Automotive market
Which region holds the maximum share in the High Voltage Electric Heaters for Automotive market
What will be the CAGR of the High Voltage Electric Heaters for Automotive market during the forecast period
Which application segment emerged as the leading segment in the High Voltage Electric Heaters for Automotive market
What key trends are likely to emerge in the High Voltage Electric Heaters for Automotive market in the coming years
What will be the High Voltage Electric Heaters for Automotive market size by 2028
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