Sales of High Voltage Electric Heaters Is Expected To Reach US$ 11,745.4 Million by the end of 2032

Posted on 2023-01-17 by Fact.MR in Automotive // 0 Comments

High Voltage Electric Heater Market Analysis By Type (Air, Coolant, Battery), By Vehicle Technology (BEV, PHEV, HEV), By Vehicle (Passenger Cars, LCVs, HCVs), By Maximum Heating Capacity (Up to 4 kW, 4-7 kW, Above 7 kW), By Region – Global Market Insights 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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Competitive Landscape

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.

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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

Key Segmentation :

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

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Questionnaire answered in the report include:

How the industry has grown?
What is the present and future outlook on the basis of region?
What are the challenges and opportunities?
Why the consumption in region?
In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the High Voltage Electric Heater industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the High Voltage Electric Heater industry, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the High Voltage Electric Heater industry and assists to create strategies to overcome the obstacles that may hinder the growth of the High Voltage Electric Heater industry.
Leverage: The High Voltage Electric Heater industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the High Voltage Electric Heater industry.

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