“High Voltage Electric Heater Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high voltage electric heater market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for high voltage electric heater? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The high voltage electric heater market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Air Heaters; Coolant Heaters
- 2) By Heating Potential: Up to 4 KW; 4-7 KW; Above 7 KW
- 3) By Vehicle: Passenger Cars; LCVs; HCVs
- 4) By Vehicle Technology: Battery Electric Vehicles; Plug-in Hybrid Electric Vehicles; Hybrid Electric Vehicles
- Companies Mentioned: BorgWarner Inc.; Eberspacher Gruppe GmbH & Co. KG; Webasto SE; Woory Corporation; Mahle Gmbh
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the high voltage electric heater market are: BorgWarner Inc., Eberspacher Gruppe GmbH & Co. KG, Webasto SE, Woory Corporation, Mahle Gmbh, DBK Group (DBK David + Baader GmbH), Tutco Inc., LG Electronics, Mitsubishi Heavy Industries Ltd., Smiths Group (Tutco) , Gaumer, and Webasto SE.
The global high voltage electric heater market is expected to grow from $1.73 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high voltage electric heater market is expected to reach $4.64 billion in 2027 at a CAGR of 21.3%.
The high voltage electric heater market consists of sales of electric compressor, heating core radiator, oil filled core, and ceramic dry core. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
High voltage electric heater refers to a machine that can withstand high voltage, produce heat using electrical energy, and disperse it by convection and radiation. The high voltage electric heater is ideal for heating plug-in hybrids and battery electric automobiles. It is used to produce heat from DC electric power with essentially minimal losses.
North America was the largest region in the high voltage electric heater market in 2022. The regions covered in the high voltage electric heater report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of high voltage electric heater are air heaters and coolant heaters. The air heaters are used in heating air, such as space heaters and forced air products. The air heaters heat the air by moving air beyond a heat source using a fan or blower and forced air products regulate and control the temperature of the air. The heating potential are up to 4 kw, 4-7 kw, and above 7 kw, that are employed in passenger cars, LCVs, and HCVs. The high voltage electric heaters use various vehicle technology including battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.
The increasing demand for electric vehicles is driving the growth of the high voltage electric heater market. Electric vehicles, also known as battery electric vehicles (BEVs), are powered by an electric motor rather than an internal combustion engine. The increasing fuel prices and pollution has led to increased demand for electric vehicles. The electric vehicle employs high voltage electric heaters to produce heat from DC electric power with minimal losses. For instance, according to a study released by the European Automobile Manufacturers Association in April 2022, 79.1 million automobiles were produced globally in 2021, rising 1.3% from the previous year. Additionally, according to the Global EV Outlook 2021, consumers spent USD 120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. Therefore, the increasing demand for electric vehicle packaging is expected to propel the growth of the high voltage electric heater market.
Technological advancement is a key trend gaining popularity in the high voltage electric heater market. Major market players are developing advanced technologies to sustain their position in the high voltage electric heater market using environment-friendly technology. Environmentally friendly are products and services, laws, regulations, and policies that promise to do little, no or very little harm to ecosystems or the environment. For instance, StreetScooter GmbH, a Germany-based automobiles manufacturer, uses environment-friendly heating solutions for e-mobility from Eberspaecher. The company customises electric high-voltage heaters or ethanol heaters, depending on the kind of vehicle thereby creating the most effective and sustainable solutions. Eberspaecher is a Germany-based company that deals in electric high-voltage heaters.
In April 2022, BorgWarner, a US-based company engaged in propulsion solutions, technologies for combustion, and hybrid and electric vehicles, acquired Santroll Automotive Components for an undisclosed amount. Through this acquisition, BorgWarner will speed to market while strengthening its vertical integration, size, and product range in light vehicle e-motors. Santroll Automotive Components is a China-based company engaged in designing and manufacturing E-heater for use in light vehicles.
The countries covered in the high voltage electric heater market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The high voltage electric heaters market research report is one of a series of new reports from The Business Research Company that provides high voltage electric heaters market statistics, including high voltage electric heaters industry global market size, regional shares, competitors with a high voltage electric heaters market share, detailed high voltage electric heaters market segments, market trends and opportunities, and any further data you may need to thrive in the high voltage electric heaters industry. This high voltage electric heaters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. High Voltage Electric Heater Market Characteristics
3. High Voltage Electric Heater Market Trends And Strategies
4. High Voltage Electric Heater Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On High Voltage Electric Heater Market
- 4.2. Ukraine-Russia War Impact On High Voltage Electric Heater Market
- 4.3. Impact Of High Inflation On High Voltage Electric Heater Market
5. High Voltage Electric Heater Market Size And Growth
- 5.1. Global High Voltage Electric Heater Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global High Voltage Electric Heater Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. High Voltage Electric Heater Market Segmentation
- 6.1. Global High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Air Heaters
- Coolant Heaters
- 6.2. Global High Voltage Electric Heater Market, Segmentation By Heating Potential , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Up to 4 KW
- 4-7 KW
- Above 7 KW
- 6.3. Global High Voltage Electric Heater Market, Segmentation By Vehicle, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Passenger Cars
- LCVs
- HCVs
- 6.4. Global High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicles
- Hybrid Electric Vehicles
7. High Voltage Electric Heater Market Regional And Country Analysis
- 7.1. Global High Voltage Electric Heater Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global High Voltage Electric Heater Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific High Voltage Electric Heater Market
- 8.1. Asia-Pacific High Voltage Electric Heater Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China High Voltage Electric Heater Market
- 9.1. China High Voltage Electric Heater Market Overview
- 9.2. China High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India High Voltage Electric Heater Market
- 10.1. India High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan High Voltage Electric Heater Market
- 11.1. Japan High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia High Voltage Electric Heater Market
- 12.1. Australia High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia High Voltage Electric Heater Market
- 13.1. Indonesia High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea High Voltage Electric Heater Market
- 14.1. South Korea High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe High Voltage Electric Heater Market
- 15.1. Western Europe High Voltage Electric Heater Market Overview
- 15.2. Western Europe High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK High Voltage Electric Heater Market
- 16.1. UK High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany High Voltage Electric Heater Market
- 17.1. Germany High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France High Voltage Electric Heater Market
- 18.1. France High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe High Voltage Electric Heater Market
- 19.1. Eastern Europe High Voltage Electric Heater Market Overview
- 19.2. Eastern Europe High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia High Voltage Electric Heater Market
- 20.1. Russia High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America High Voltage Electric Heater Market
- 21.1. North America High Voltage Electric Heater Market Overview
- 21.2. North America High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA High Voltage Electric Heater Market
- 22.1. USA High Voltage Electric Heater Market Overview
- 22.2. USA High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America High Voltage Electric Heater Market
- 23.1. South America High Voltage Electric Heater Market Overview
- 23.2. South America High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil High Voltage Electric Heater Market
- 24.1. Brazil High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East High Voltage Electric Heater Market
- 25.1. Middle East High Voltage Electric Heater Market Overview
- 25.2. Middle East High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa High Voltage Electric Heater Market
- 26.1. Africa High Voltage Electric Heater Market Overview
- 26.2. Africa High Voltage Electric Heater Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa High Voltage Electric Heater Market, Segmentation By Vehicle Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. High Voltage Electric Heater Market Competitive Landscape And Company Profiles
- 27.1. High Voltage Electric Heater Market Competitive Landscape
- 27.2. High Voltage Electric Heater Market Company Profiles
- 27.2.1. BorgWarner Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Eberspacher Gruppe GmbH & Co. KG
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Webasto SE
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Woory Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Mahle Gmbh
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The High Voltage Electric Heater Market
29. High Voltage Electric Heater Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer